Leader Capital Corp. [see profile] just launched its second mutual fund. On Tuesday the Portland, Oregon-based asset manager revealed the Leader Total Return Fund ) managed by Leader president and CEO John Lekas. [SEC filing]

Lekas also manages Leader's first mutual fund, the $327.54 million Leader Capital Short Term Bond Fund.

"The Leader Total Return Fund provides a complementary strategy to our existing offerings that has been designed as an alternative to equity market investments," Lekas stated.

The new fund, distributed by Foreside Distribution Services, offers institutional shares for 101 basis points and investor shares for 151 bps, which includes 50 bps of 12b-1 fees. Gemini Fund Services serves as the new fund's transfer agent, Fifth Third Bank handles custody, Thompson Hine serves as legal counsel and BBD is its independent accounting firm.

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Company Press Release

PORTLAND, Ore., Aug 02, 2010 (BUSINESS WIRE) -- Leader Capital Corp. announces today the introduction of the Leader Total Return Fund (ticker: LCTRX), designed to meet market demand for "all weather" equity market alternative income and capital appreciation strategies. The fund will be managed by John Lekas, representing the second mutual fund offering built on the chassis of Leader Capital's proven fixed income capabilities, alongside the Leader Capital Short Term Bond Fund (ticker: LCCMX).

"We have demonstrated our proficiency in selecting and managing fixed income investments for over a decade and foresee continued opportunity to provide investors attractive returns in the bond market over the coming years," explains John Lekas. "The Leader Total Return Fund provides a complementary strategy to our existing offerings that has been designed as an alternative to equity market investments."

The new fund allows investors to capitalize on a non-cyclical strategy with a primary focus on investments in U.S. dollar denominated investment-grade fixed income securities. Its mandate will also permit the investment of a minority portion of the Fund's total assets in high yield securities and securities denominated in foreign currencies. The fund manager seeks to anticipate and capitalize on events such as interest rate decreases, foreign currency appreciation, and improving credit fundamentals for particular sectors or securities.

The investment adviser for the Leader Total Return Fund is Leader Capital Corp. The Fund is distributed by Foreside Distribution Services LP. For more information, please visit www.leadercapital.com.

About the fund manager

John Lekas, founder of Leader Capital Corp., is the Leader Total Return Fund's portfolio manager. He has 20 years experience as an investment professional and also serves as senior portfolio manager of the Leader Short Term Bond Fund (ticker: LCCMX) with over $300 million in assets.

Prior to founding Leader Capital Corp. in 1997, Mr. Lekas served as a portfolio manager at Smith Barney where he focused on discretionary management of bond portfolios worth over $200 million. He received a bachelor's degree in finance from the University of Oregon.

The principal investment risks of the Leader Total Return Fund as with all mutual funds is the risk that you could lose money through your investment in the Fund. Many factors affect the Fund's net asset value and performance. Those being credit risk, currency risk, foreign risk, high-yield bond risk and interest rate risk to name a few.

You should carefully consider the investment objectives, potential risks, management fees, charges and expenses of the Fund before investing. The Fund's prospectus contains this and other information about the Fund, and should be read carefully before investing. You may obtain a current copy of the Fund's prospectus by calling 800-269-8810 or by visiting www.leadercapital.com.

SOURCE: Leader Capital Corp. 

Edited by: Neil Anderson, Managing Editor


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