Ladder Select Bond Fund

The Fund seeks a combination of current income and capital preservation.

Assets
$13.288m

Institutional Class (I)
LSBIX

Distribution Yield (I)3
2.985%

SEC Yield (I)4
2.985%

Dividend Frequency
Monthly

Overview

A CMBS Focused Fund Solution

Under normal market conditions, the fund intends to invest at least 80% of its net assets in bonds. The Fund invests primarily in commercial mortgage-backed securities (CMBS) in an effort to deliver a combination of current income and capital preservation. Specifically, the Fund targets investment opportunities in senior mortgage loans on commercial real estate across:

  • Office
  • Multifamily
  • Industrial
  • Retail
  • Hospitality

The Fund is available on the Charles Schwab, TD Ameritrade and Pershing FundVest platforms.

Key Considerations

  • CMBS issues in the Fund tend to be senior in nature and are secured by commercial real estate and diversified across property types
  • While primarily invested in investment grade CMBS, in an effort to generate additional yield, the Fund can also invest in high-yield debt and other real estate related debt and structured finance securities
  • The Fund has the flexibility to actively manage duration and interest rate risk depending on market conditions

Performance

Total Returns1

  • Daily
  • Monthly
  • Quarterly

As of 6/18/2018

Daily NAV/Index Value Daily Change % Change YTD Performance
Ladder Select Bond Fund 10.03 0.01 0.10% 1.27%
Bloomberg Barclays Intermediate Government/Credit Index 2049.28 0.2 0.01% -1.25%

As of 5/31/2018

Monthly 1 Month 3 Month YTD 1 Year 3 Year Since Inception*
Ladder Select Bond Fund 0.27% 0.66% 0.97% 2.43% - 2.37%
Bloomberg Barclays Intermediate Government/Credit Index 0.60% 0.43% -0.91% -0.69% 0.98% -0.69%

As of 3/31/2018

Quarterly 3 Month YTD 1 Year 3 Year Since Inception*
Ladder Select Bond Fund 0.42% 0.42% 2.46% - 2.26%
Bloomberg Barclays Intermediate Government/Credit Index -0.98% -0.98% 0.35% 0.94% -0.76%
Expense Ratios2 Institutional Class
Gross 2.28%
Net 0.97%

Distributions (as of 5/31/2018)

Distribution Yield (I)3 2.985%
SEC Yield (I)4  2.985%
Unsubsidized SEC Yield (I)4 2.985%
Latest Dividend Distribution ($ I Share)5  $0.0271

Portfolio Characteristics

Portfolio Statistics

Average Effective Maturity N/A
Average Duration N/A

Top 10 Holdings (as of 2/28/2018)

Security Description CUSIP % of Total Holdings
JPMCC16-WPT FLT 10/15/33 46646KAL2 19.50%
GSCR COMM MORT TRUST 08/15/32 36254TAG8 14.01%
COMM MORTGAGE FWC 02/13/32 20047TAG4 11.09%
COMM MORT TRUST 3.6844% 5/10/48 12593ABQ7 10.48%
COMM MORT 4.063 12/10/44 126192AE3 6.22%
PROG TRUST FRN 09/17/33 74333GAA5 5.92%
COMM MORT 3.73% 03/10/31 12625CAJ2 5.88%
WFCM LC5 B 10/15/45 94988HAF8 5.66%
VNO MORT TRUST 3.9471% 12/13/29 91830MAG1 5.60%
COMM MORT 3.68% 05/10/48 12593ABL8 5.57%

Fund Details

Share Class Ticker CUSIP Inception Date Gross Expenses2 Net Expenses2 Minimum Investment6
Institutional (I) LSBIX 90386H636 10/18/2016 2.28% 0.97% $100,000