Ladder Select Bond Fund

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

Assets
$23.795m

Institutional Class (I)
LSBIX

Distribution Yield (I)3
2.335%

SEC Yield (I)4
2.684%

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 7/18/2019

Daily NAV/Index Value Daily Change % Change YTD Performance
Ladder Select Bond Fund 9.94 0 0.00% 2.64%
Bloomberg Barclays Intermediate Government/Credit Index 2197.66 3.37 0.15% 4.97%

As of 6/30/2019

Monthly 1 Month 3 Month YTD 1 Year 3 Year Since Inception*
Ladder Select Bond Fund 0.30% 0.97% 2.43% 2.74% - 2.52%
Bloomberg Barclays Intermediate Government/Credit Index 1.07% 2.59% 4.97% 6.93% 1.99% 2.23%

As of 6/30/2019

Quarterly 3 Month YTD 1 Year 3 Year Since Inception*
Ladder Select Bond Fund 0.97% 2.43% 2.74% - 2.52%
Bloomberg Barclays Intermediate Government/Credit Index 2.59% 4.97% 6.93% 1.99% 2.23%
Expense Ratios2 Institutional Class
Gross 2.17%
Net 0.95%

Distributions (as of 6/30/2019)

Distribution Yield (I)3 2.335%
SEC Yield (I)4  2.684%
Unsubsidized SEC Yield (I)4 2.684%
Latest Dividend Distribution ($ I Share)5  $0.0193

 

Portfolio Characteristics

Portfolio Statistics (as of 5/31/2019)

Average Effective Maturity N/A
Average Duration 1.92

Top 10 Holdings (as of 05/31/2019)

Security Description CUSIP % of Total Holdings
WFCM TRUST C34 6/15/49 95000DAG6 10.82%
PROGRESS RES TRUST 6/12/32 74332MAA3 10.23%
COMM MORT TRUST CMD 12593ABQ7 6.57%
HUDSON BAY JV TRUST 8/5/34 44422PAA0 5.80%
STARWOOD PROP TRUST 5/10/48 85571BAP0 4.66%
COMM MORT TRUST CMB 5/10/48 12593ABL8 4.49%
WFCM TRUST FLT 3/18/28 94988LAJ1 4.39%
FIDELITY INST MNY MKT CLASS I 316175108 4.08%
WFCM TRUST CLASS B 10/15/45 94988HAF8 3.93%
JP MORGAN CHASE COMM MORT 7/5/23 46645WAG8 3.38%

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