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Leader Short Term Bond Fund (LCCMX) Declares Capital Gain Distribution

 

The Leader Short Term Bond Fund (Ticker: LCCMX) announced a short term capital gain distribution of $0.10 per share on June 15 th, 2010 to shareholders.

As of May 31 st, 2010 LCCMX had a 30 day SEC Yield of 0.98 percent. The fund’s performance as of March 31 st, 2010 for the previous 3 months is 1.46 percent, year-to-date is 1.46 percent, 1 year is 18.01 percent and the average annual return since inception is 4.39 percent. The inception date of LCCMX was May 11, 2005.

“We are excited Leader Short Term Bond Fund shareholders will benefit from our quarterly dividend, especially given the heightened levels of volatility and absence of stability elsewhere in financial markets,” said John Lekas, CEO of Leader Capital and senior portfolio manager of the Leader Short Term Bond Fund. “We have consistently provided shareholders with an annual yield in the 4 to 5 percent range since inception.”

LCCMX is a no load, open end mutual fund whose portfolio consists primarily of short-term fixed income securities. The primary objective of LCCMX is to deliver a high level of current income, with a secondary objective of capital appreciation. LCCMX may be suitable for long-term investors seeking a fund with a Total Return strategy or those seeking to reduce their portfolio’s interest rate risk.

As of May 31 st, 2010, LCCMX received three out of five stars for an overall and a three year period out of 453 short term bond funds according to Morningstar.

The Fund's past performance does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 1-800-711-9164.

Morningstar is a mutual fund research firm.

For each fund with at least a 3-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and is rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics. Morningstar Rating is for the Institutional share class only; other classes may have different performance characteristics. ©2009 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

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