Ladder Select Bond Fund

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

Assets
$12.687m

Institutional Class (I)
LSBIX

Distribution Yield (I)3
2.24%

SEC Yield (I)4
2.03%

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 2/16/2018

Daily NAV/Index Value Daily Change % Change YTD Performance
Ladder Select Bond Fund 10.02 0 0.00% 0.19%
Bloomberg Barclays Intermediate Government/Credit Index 2047.28 1.28 0.06% -1.35%

As of 1/31/2018

Monthly 1 Month 3 Month YTD 1 Year 3 Year Since Inception*
Ladder Select Bond Fund 0.19% 0.66% 0.19% 2.63% - 2.36%
Bloomberg Barclays Intermediate Government/Credit Index -0.88% -1.07% -0.88% 0.97% 0.91% -0.66%

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 1/31/2018)

Distribution Yield (I)3 2.24%
SEC Yield (I)4  2.03%
Unsubsidized SEC Yield (I)4 2.03%
Latest Dividend Distribution ($ I Share)5  $0.0187

Portfolio Characteristics

Portfolio Statistics

Average Effective Maturity N/A
Average Duration N/A

Top 10 Holdings (as of 12/31/2017)

Security Description CUSIP % of Total Holdings
JPMCC16-WPT FLT 10/15/33 46646KAL2 19.77%
COMM MORTGAGE FWC 02/13/32 20047TAG4 11.26%
FIDELITY INSTITUTIONAL MMKT 316175108 8.85%
COMM MORT 3.5442% 3/10/31 12625CAL7 8.71%
COMM MORT 4.063 12/10/44 126192AE3 6.41%
COMM MORT 3.73% 03/10/31 12625CAJ2 6.06%
PROG TRUST FRN 09/17/33 74333GAA5 6.02%
WFCM LC5 B 10/15/45 94988HAF8 5.83%
MSC 2017-PRME B 02/15/34 61691HAG3 5.61%
MSCG TRUST SERIES SNR FLOAT RATE 11/15/34 61691CAA7 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