LCTRX Fees and Costs — Leader Capital High Quality Income Fund, Investor Class Shares
Data updated: 2026-10-13
The net expense ratio is 1.46%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $405K in broker commissions, 0.0333% of average net assets, and portfolio turnover was 133%.
LCTRX Fees and Expenses
Annual operating expenses and sales charges of LCTRX. Prospectus, as of November 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.38% |
| Other expenses | — |
| Gross expense ratio | 1.46% |
| Fee waiver | — |
| Net expense ratio | 1.46% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
LCTRX Costs Over Time
On $10,000 invested in LCTRX, assuming 5% a year before costs, total costs come to $925 over 5 years, cutting the return by 1.57% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.46%) | $153 | $476 | $821 |
| Trading costs (broker commissions) | $3 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $24 | $85 |
| Total costs | $157 | $511 | $925 |
| Value after costs | $10,343 | $11,065 | $11,838 |
| Impact on return, per year | 1.57% | 1.57% | 1.57% |
LCTRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0333%
- Total broker commissions: $405K
- Bought from dealers (principal trades, not a cost): $4.0B
- Portfolio turnover (prospectus): 133%
LCTRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Academy Securities, Inc. | $285K | 70.39% |
| Goldman Sachs & Co. LLC | $120K | 29.61% |
LCTRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO Capital Markets Corp. | $1.1B | 28.71% |
| Morgan Stanley & Co. LLC | $1.1B | 26.84% |
| Barclays Capital, Inc. | $465.5M | 11.87% |
| J.P. Morgan Securities LLC | $436.4M | 11.12% |
| Goldman Sachs & Co. LLC | $363.7M | 9.27% |
| Royal Bank of Canada | $183.3M | 4.67% |
| Academy Securities, Inc. | $157.2M | 4.01% |
| Wells Fargo Securities, LLC | $110.6M | 2.82% |
| Jefferies LLC | $13.5M | 0.34% |
| Brownstone Investment Group, LLC | $13.4M | 0.34% |
Leader Capital High Quality Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| LCTIX | Institutional Class Shares | 1.08% | none |
| LCATX | Class A | 1.33% | 4.00% |
| LCTRX | Investor Class Shares | 1.46% | none |
| LCCTX | Class C | 2.08% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.