Ladder Select Bond Fund

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

Assets
$12.073m

Institutional Class (I)
LSBIX

Distribution Yield (I)3
2.072%

SEC Yield (I)4
2.165%

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 1/23/2018

Daily NAV/Index Value Daily Change % Change YTD Performance
Ladder Select Bond Fund 10.04 0.01 0.10% 0.20%
Bloomberg Barclays Intermediate Government/Credit Index 2063.26 3.12 0.15% -0.58%

As of 12/31/2017

Monthly 1 Month 3 Month YTD 1 Year 3 Year Since Inception*
Ladder Select Bond Fund 0.16% 0.68% 2.87% 2.87% - 2.37%
Bloomberg Barclays Intermediate Government/Credit Index 0.11% -0.20% 2.14% 2.14% 1.76% 0.22%

As of 12/31/2017

Quarterly 3 Month YTD 1 Year 3 Year Since Inception*
Ladder Select Bond Fund 0.68% 2.87% 2.87% - 2.37%
Bloomberg Barclays Intermediate Government/Credit Index -0.20% 2.14% 2.14% 1.76% 0.22%
Expense Ratios2 Institutional Class
Gross 2.28%
Net 0.97%

Distributions (as of 12/31/2017)

Distribution Yield (I)3 2.072%
SEC Yield (I)4  2.165%
Unsubsidized SEC Yield (I)4 2.165%
Latest Dividend Distribution ($ I Share)5  $0.0173

Portfolio Characteristics

Portfolio Statistics

Average Effective Maturity N/A
Average Duration N/A

Top 10 Holdings (as of 11/30/17)

Security Description CUSIP % of Total Holdings
JPMCC16-WPT FLT 10/15/33 46646KAL2 18.65%
COMM MORTGAGE FWC 02/13/32 20047TAG4 10.62%
COMM MORTGAGE THL 06/08/32 12626AAN6 10.21%
COMM MORT 3.5442% 3/10/31 12625CAL7 8.23%
FID INSTITUTIONAL MM 316175108 7.46%
COMM MORT 4.063 12/10/44 126192AE3 6.06%
COMM MORT 3.73% 03/10/31 12625CAJ2 5.73%
PROG TRUST FRN 09/17/33 74333GAA5 5.67%
WFCM LC5 B 10/15/45 94988HAF8 5.51%
MSC 2017-PRME B 02/15/34 61691HAG3 5.29%

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