LFVFX — Leader High Quality Low Duration Bond Fund

LFVFX Fund Overview

LFVFX — Leader High Quality Low Duration Bond Fund is a US mutual fund managed by Leader Funds Trust, categorised as Short Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Leader Funds Trust
• Category: Short Bond
• Assets under management: $42.00M
• 1-year return: -7.0%
• Ticker: LFVFX
• SEC CIK: 0001766436
• SEC series ID: S000065271
• Share class ID: C000211305

LFVFX Investment Objective and Strategy

Leader High Quality Low Duration Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Leader Funds Trust.

Investment objective

"The primary investment objective of the Leader High Quality Low Duration Bond Fund (""High Quality Fund"" or the Fund) is to deliver a high level of current income,"

Principal investment strategy

Under normal circumstances, the Fund invests at least 80% of its net assets, plus any amount of borrowings for investment purposes, in high-quality, low-duration debt securities. For the purposes of the Fund?s 80% investment policy, the Fund defines the following U.S. dollar-denominated domestic and foreign securities as high-quality, low-duration debt securities: bonds and corporate debt; bank loans and bank loan participations; agency and non-agency commercial mortgage-backed securities (CMBS) and residential mortgage-backed securities (RMBS) ; interest-only securities ; collateralized loan obligations (CLOs) that are backed by domestic and foreign floating rate debt obligations ; collateralized debt obligations (CDOs) that are backed by domestic and foreign floating rate debt obligations; and US government securities.

The Fund normally invests in floating rate debt securities with an interest rate that resets quarterly based on the London Interbank Offered Rate (LIBOR). The Fund allocates assets across floating rate debt security types without restriction, subject to its 80% investment policy. The Funds investments in foreign issuers may include issuers from emerging markets. The Fund defines emerging market issuers as those found outside of North America, Europe, Japan, Australia and New Zealand. While the Fund invests without restriction as to the maturity of any single debt security, the Funds portfolio average effective duration (a measure of a securitys sensitivity to changes in prevailing interest rates) will be one year or less. The Fund defines high-quality as being rated no lower than the A category by Standard & Poors Ratings Group, Moodys Investors Service or Fitch Ratings, Inc.

If a debt security is downgraded to below an A-rating, the Fund will sell such security within 30 days. CMBS, RMBS, CLOs, and CDOs are single-purpose investment vehicles that hold baskets of loans and issue securities that are paid from the cash flows of the underlying loans. Investors purchase a particular class of securities called a tranche (a French word for slice). The tranches receive payments from the principal and interest payments made by underlying borrowers in accordance to the rank of the tranche. Normally, CMBS, RMBS, CLOs, and CDOs have multiple tranches with investors in the bottom tranches having last priority to receive payment. By investing in A rated or better debt tranches, the Fund will not be less than third in priority for payment. Loans and loan participations may be unsecured, which means that they are not collateralized by any specific assets of the borrower.

The Fund allocates assets across security types without restriction, subject to its 80% investment policy. The Fund does not purchase floating - rate securities with subordinate underlying loans or debt obligations. The Advisor utilizes a fundamental top-down analysis, meaning the Advisor analyzes the economy, interest rate cycles, the supply and demand for credit and the characteristics of individual securities in making investment selections for the Fund. The Advisor may sell a security if its value becomes unattractive, such as when its fundamentals deteriorate, its credit rating is downgraded (including, as described above, sales required when a security is downgraded to below an A rating) or when other investment opportunities exist that may have more attractive yields. As a result of its trading strategy, the Fund expects to engage in frequent portfolio transactions that will likely result in higher portfolio turnover and commissions than many investment companies.

The Fund uses effective duration to measure interest rate risk. While the Fund invests without restriction as to the maturity of any single debt security, the Funds portfolio average effective duration (a measure of interest rate risk similar to maturity) will be one year or less. The Fund defines the effective duration of a floating rate security as the time remaining to its next interest rate reset.

LFVFX Performance

Total returns for LFVFX (as of 2026-10-01), from SEC filings.

LFVFX Risk Information

Risk metrics for LFVFX, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 9.1%

LFVFX Costs and Fees

LFVFX costs about $153 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.53%
• Gross expense ratio: 1.53%
• Portfolio turnover: 334%
• Brokerage commissions: 18.39 bps of average net assets (SEC N-CEN)

LFVFX Cashflows

Over the 12 months to 2021-02, Leader High Quality Low Duration Bond Fund had net inflows of $220.14M, from monthly SEC N-PORT filings.

LFVFX Debt Constituents

No individual debt constituents are reported in Leader High Quality Low Duration Bond Fund's latest SEC N-PORT filing.

LFVFX Prospectus and SEC Filings

Official Leader High Quality Low Duration Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2020-06-24
• Prospectus (485BPOS) — filed 2020-01-15
• Prospectus supplement (497) — filed 2020-10-09
• Portfolio holdings (N-PORT) — filed 2021-04-28
• Portfolio holdings (N-PORT) — filed 2021-01-06
• Portfolio holdings (N-PORT) — filed 2020-10-27
• Annual census (N-CEN) — filed 2020-08-12

Related Funds

Other Short Bond funds tracked on ABC INVEST:

• Lord Abbett Diversification Shares: Short Duration Completion Fund (LASDX)
• Sound Fixed Income ETF (SDFI)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.