LFIFX : Leader High Quality Low Duration Bond Fund InstitutionalShares

Fund Summary

The investment seeks a high level of current income, with a secondary objective of capital appreciation. The fund invests at least 80% of its net assets, plus any amount of borrowings for investment purposes, in floating rate debt securities. It invests in floating rate debt securities with an interest rate that resets quarterly based on the LIBOR. Under normal circumstances the advisor expects its portfolio of securities (measured at the time of purchase) to be A rated or higher.