Ladder Select Bond Fund

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

Assets
$12.5m

Institutional Class (I)
LSBIX

Distribution Yield (I)3
2.30%

SEC Yield (I)4
2.46%

Dividend Frequency
Monthly

Avg. Effective Maturity
N/A

Avg. Duration
N/A

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 Spaces
  • Retail Centers
  • Multifamily Complexes
  • Industrial Locations
  • Hospitality Properties

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 7/24/2017

Daily NAV/Index Value Daily Change % Change YTD Performance
Ladder Select Bond Fund 10.06 0 0.00% 1.69%
Bloomberg Barclays Intermediate Government/Credit Index 2076.41 -1.19 -0.06% 2.19%

As of 6/30/2017

Monthly 1 Month 3 Month YTD 1 Year 3 Year Since Inception*
Ladder Select Bond Fund 0.09% 0.67% 1.49% - - 1.49%
Bloomberg Barclays Intermediate Government/Credit Index -0.18% 0.94% 1.73% -0.21% 1.92% -0.18%

As of 6/30/2017

Quarterly 3 Month YTD 1 Year 3 Year Since Inception*
Ladder Select Bond Fund 0.67% 1.49% - - 1.49%
Bloomberg Barclays Intermediate Government/Credit Index 0.94% 1.73% -0.21% 1.92% -0.18%
Expense Ratios2 Institutional Class
Gross 2.28%
Net 0.97%

Distributions (as of 6/30/2017)

Distribution Yield (I)3 2.30%
SEC Yield (I)4  2.46%
Unsubsidized SEC Yield (I)4 2.46%
Latest Dividend Distribution ($ I Share)5  $0.0193

Portfolio Characteristics

Portfolio Statistics

Average Effective Maturity N/A
Average Duration N/A

Top 10 Holdings (as of 5/31/17)

Security Description CUSIP % of Total Holdings
JPMCC16-WPT FLT 10/15/33 46646KAL2 16.71%
COMM MORT FLT 6/08/30 12626AAN6 13.95%
COMM MORTGAGE FR 02/13/32 20047TAG4 9.80%
COMM MORT FLT 3/15/29 12631QAA2 5.70%
HILT16-SFPA 2.8 11/05/35 43289VAA1 5.68%
COMM MORT 4.063 12/10/44 126192AE3 5.53%
COMM MORT 3.5442% 3/10/31 12625CAL7 5.47%
PROG TRUST FRN 09/17/18 74333GAA5 5.12%
COMM MORT 3.73% 03/10/31 12625CAJ2 5.07%
WFCM 12-LC 4.142 10/15/45 94988HAF8 5.03%

Fund Details

Share Class Ticker CUSIP Inception Date Gross Expenses2 Net Expenses2 Minimum Investment6
Institutional (I) LSBIX 90386H636 10/18/16 2.28% 0.97% $100,000