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 Buildings
- Retail Centers
- Multifamily Complexes
- Industrial Properties
- Hospitality/Lodging Properties
- CMBS in the Fund tend to be senior in nature and are secured by commercial real estate and diversified across property types
- While we intend to primarily invest in investment grade CMBS, the Fund can also invest in other commercial real estate-related debt
- The Fund has the flexibility to actively manage duration and interest rate risk depending on market conditions
|Share Class||Ticker||CUSIP||Inception Date||Gross Expenses3||Net Expenses3||Minimum Investment4|
1 The distribution yield is calculated by annualizing actual dividends distributed for the monthly period ended on the date shown and dividing by the net asset value on the last business day for the same period. The yield does not include long- or short-term capital gains distributions.
2 The 30-Day SEC yield is an annualized yield based on the most recent 30-day period.
3 Ladder Capital Asset Management LLC (“LCAM”) has contractually agreed, until July 31, 2019, to reduce Management Fees and reimburse Other Expenses to the extent necessary to limit Total Annual Fund Operating Expenses to an amount not exceeding 0.95% shares of average daily net assets of the applicable class of shares. Management Fee reductions and expense reimbursements by LCAM are subject to repayment by the Fund for a period of three years after such fees and expenses were incurred, provided that the repayments do not cause Total Annual Fund Operating Expenses to exceed the foregoing limitations. Prior to July 31, 2019, this agreement may not be modified or terminated without the approval of the Fund’s Board of Trustees. This agreement will terminate automatically if the Fund’s investment advisory agreement with LCAM is terminated.
4 The minimum investment requirement may be waived or reduced for any reason at the discretion of the Fund or LCAM.