Ladder Select Bond Fund

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

Assets
$12.144m

Institutional Class (I)
LSBIX

Distribution Yield (I)3
2.498%

SEC Yield (I)4
2.339%

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 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 11/17/2017

Daily NAV/Index Value Daily Change % Change YTD Performance
Ladder Select Bond Fund 10.05 0 0.00% 2.48%
Bloomberg Barclays Intermediate Government/Credit Index 2075.57 0.27 0.01% 2.15%

As of 10/31/2017

Monthly 1 Month 3 Month YTD 1 Year 3 Year Since Inception*
Ladder Select Bond Fund 0.21% 0.67% 2.38% 2.38% - 2.29%
Bloomberg Barclays Intermediate Government/Credit Index -0.01% 0.13% 2.33% 0.63% 1.89% 0.42%

As of 9/30/2017

Quarterly 3 Month YTD 1 Year 3 Year Since Inception*
Ladder Select Bond Fund 0.67% 2.17% - - 2.16%
Bloomberg Barclays Intermediate Government/Credit Index 0.60% 2.34% 0.23% 2.13% 0.42%
Expense Ratios2 Institutional Class
Gross 2.28%
Net 0.97%

Distributions (as of 10/31/2017)

Distribution Yield (I)3 2.498%
SEC Yield (I)4  2.339%
Unsubsidized SEC Yield (I)4 2.339%
Latest Dividend Distribution ($ I Share)5  $0.0209

Portfolio Characteristics

Portfolio Statistics

Average Effective Maturity N/A
Average Duration N/A

Top 10 Holdings (as of 9/30/17)

Security Description CUSIP % of Total Holdings
JPMCC16-WPT FLT 10/15/33 46646KAL2 17.84%
COMM MORTGAGE FWC 02/13/32 20047TAG4 12.39%
COMM MORTGAGE THL 06/08/32 12626AAN6 9.77%
COMM MORT 3.5442% 3/10/31 12625CAL7 7.73%
HILT16-SFPA 2.8 11/05/35 43289VAA1 6.06%
COMM MORT 4.063 12/10/44 126192AE3 5.86%
PROG TRUST FRN 09/17/33 74333GAA5 5.46%
COMM MORT 3.73% 03/10/31 12625CAJ2 5.45%
WFCM LC5 B 10/15/45 94988HAF8 5.31%
MSC PRME B 02/15/34 61691HAG3 5.08%

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