Ladder Select Bond Fund

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

Assets
$16.050m

Institutional Class (I)
LSBIX

Distribution Yield (I)3
4.42%

SEC Yield (I)4
3.73%

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 1/18/2019

Daily NAV/Index Value Daily Change % Change YTD Performance
Ladder Select Bond Fund 9.86 0 0.00% 0.51%
Bloomberg Barclays Intermediate Government/Credit Index 2093.15 -1.95 -0.09% -0.02%

As of 12/31/2018

Monthly 1 Month 3 Month YTD 1 Year 3 Year Since Inception*
Ladder Select Bond Fund -0.53% -0.46% 1.52% 1.52% - 1.98%
Bloomberg Barclays Intermediate Government/Credit Index 1.34% 1.65% 0.88% 0.88% 1.70% 1.10%

As of 12/31/2018

Quarterly 3 Month YTD 1 Year 3 Year Since Inception*
Ladder Select Bond Fund -0.46% 1.52% 1.52% - 1.98%
Bloomberg Barclays Intermediate Government/Credit Index 1.65% 0.88% 0.88% 1.70% 1.10%
Expense Ratios2 Institutional Class
Gross 2.17%
Net 0.95%

Distributions (as of 12/31/2018)

Distribution Yield (I)3 4.42%
SEC Yield (I)4  3.73%
Unsubsidized SEC Yield (I)4 3.73%
Latest Dividend Distribution ($ I Share)5  $0.0361
Short Term Capital Gains Distribution6  $0.0234
Long Term Capital Gains Distribution6 $0.0373

 

Portfolio Characteristics

Portfolio Statistics

Average Effective Maturity N/A
Average Duration N/A

Top 10 Holdings (as of 11/30/2018)

Security Description CUSIP % of Total Holdings
WFCM TRUST C34 6/15/49 95000DAG6 15.61%
COMM MORT TRUST CMD 5/10/48 12593ABQ7 9.46%
HUDSON BAY JV TRUST 8/5/34 44422PAA0 8.41%
COMM MORT TRUST CMB 5/10/48 12593ABL8 6.47%
COMM MORT TRUST TWC 2/13/32 20047TAG4 6.22%
JP MORGAN COMM MORT DFL 7/25/23 46645WAG8 4.91%
AREIT CRE TRUST FLT 11/14/35 04002QAE2 4.67%
STARWOOD PROP TRUST 2/1/21 85571BAM7 4.53%
WFCM TRUST LC5 B 10/15/45 94988HAF8 3.81%
COMM MORT TRUST LC4 12/10/44 126192AE3 3.46%

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