Ladder Select Bond Fund

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

Assets
$22.672m

Institutional Class (I)
LSBIX

Distribution Yield (I)3
1.711%

SEC Yield (I)4
2.74%

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 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 06/22/2020

NAV Daily $ Change Daily % Change YTD Performance
Ladder Select Bond Fund $9.33 $-0.01 -0.11% -4.93%
Bloomberg Barclays Intermediate Government/Credit Index - - -0.03% 5.10%

As of 05/31/2020

Monthly 1 Month 3 Month YTD 1 Year 3 Year Since Inception*
Ladder Select Bond Fund 1.32% -5.51% -5.34% -3.72% 0.42% 0.73%
Bloomberg Barclays Intermediate Government/Credit Index 0.76% 1.73% 4.63% 7.60% 4.15% 3.43%

As of 03/31/2020

Quarterly 3 Month YTD 1 Year 3 Year Since Inception*
Ladder Select Bond Fund -9.14% -9.14% -6.96% -0.75% -0.42%
Bloomberg Barclays Intermediate Government/Credit Index 2.40% 2.40% 6.88% 3.79% 2.96%
Expense Ratios2 Institutional Class
Gross 2.04%
Net 0.95%

Distributions (as of 4/30/2020)

Distribution Yield (I)3 1.711%
SEC Yield (I)4  2.740%
Unsubsidized SEC Yield (I)4 1.570%
Latest Dividend Distribution ($ I Share)5  $0.0131

 

 

Portfolio Characteristics

Portfolio Statistics (as of 2/29/2020)

Average Effective Maturity N/A
Average Duration 2.52

Top 10 Holdings (as of 02/29/2020)

Security Description CUSIP % of Total Holdings
WF COMM MORT TRUST 2016-C34 95000DAG6 10.25%
BXMT 2017-SLCT C 05607DAJ6 8.13%
THARALDSON HOTEL PORT 88327HAL7 7.90%
HUDSON BAY JV TRUST 8/5/34 44422PAA0 5.50%
SHELTER GROWTH CRE 822867AA5 4.72%
CITIGROUP COMM MORT 17328HBD2 4.43%
WELLS FARGO COMM MORT FLT 94988LAJ1 4.18%
MARATHON CRE ISSUER LTD 565780AA1 4.07%
WELLS FARGO COMMERCIAL MORT 94988HAF8 3.78%
BX TRUST FLT 05607DAN7 3.75%

Fund Details

Share Class Ticker CUSIP Inception Date Gross Expenses2 Net Expenses2 Minimum Investment7
Institutional (I) LSBIX 90386H636 10/18/2016 2.04% 0.95% $100,000