Ladder Select Bond Fund

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

Assets
$19.672m

Institutional Class (I)
LSBIX

Distribution Yield (I)3
3.15%

SEC Yield (I)4
2.64%

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 4/18/2019

Daily NAV/Index Value Daily Change % Change YTD Performance
Ladder Select Bond Fund 9.93 0 0.00% 1.86%
Bloomberg Barclays Intermediate Government/Credit Index 2137.55 2.42 0.11% 2.10%

As of 3/31/2019

Monthly 1 Month 3 Month YTD 1 Year 3 Year Since Inception*
Ladder Select Bond Fund 0.16% 1.45% 1.45% 2.56% - 2.38%
Bloomberg Barclays Intermediate Government/Credit Index 1.35% 2.32% 2.32% 4.24% 1.66% 3.45%

As of 3/31/2019

Quarterly 3 Month YTD 1 Year 3 Year Since Inception*
Ladder Select Bond Fund 1.45% 1.45% 2.56% - 2.38%
Bloomberg Barclays Intermediate Government/Credit Index 2.32% 2.32% 4.24% 1.66% 3.45%
Expense Ratios2 Institutional Class
Gross 2.17%
Net 0.95%

Distributions (as of 3/31/2019)

Distribution Yield (I)3 3.15%
SEC Yield (I)4  2.64%
Unsubsidized SEC Yield (I)4 2.64%
Latest Dividend Distribution ($ I Share)5  $0.026
Short Term Capital Gains Distribution6  $0.0234
Long Term Capital Gains Distribution6 $0.0373

 

Portfolio Characteristics

Portfolio Statistics (as of 2/28/2019)

Average Effective Maturity N/A
Average Duration 2.68

Top 10 Holdings (as of 02/28/2019)

Security Description CUSIP % of Total Holdings
WFCM TRUST C34 6/15/49 95000DAG6 12.23%
COMM MORT TRUST CMD 5/10/48 12593ABQ7 7.37%
FIDELITY INST MKT GVT CLSS I  316175108 7.35%
HUDSON BAY JV TRUST 8/5/34 44422PAA0 6.47%
COMM MORT TRUST TWC 2/13/32 20047TAG4 5.33%
COMM MORT TRUST CR23 5/10/2048 12593ABL8 5.06%
WFCM LC5 CLASS B 10/15/2045 94988HAF8 4.33%
JP MORGAN COMM MORT DFL 7/25/23 46645WAG8 3.81%
AREIT CRE TRUST FLT 11/14/35 04002QAE2 3.61%
STARWOOD PROP TRUST 2/1/2021 85571BAP0 3.60%

Fund Details

Share Class Ticker CUSIP Inception Date Gross Expenses2 Net Expenses2 Minimum Investment7
Institutional (I) LSBIX 90386H636 10/18/2016 2.17% 0.95% $100,000