Ladder Select Bond Fund

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

Assets
$24.246m

Institutional Class (I)
LSBIX

Distribution Yield (I)3
3.185%

SEC Yield (I)4
2.086%

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 01/17/2020

NAV Daily $ Change Daily % Change YTD Performance
Ladder Select Bond Fund $9.94 $0.01 0.10% 0.30%
Bloomberg Barclays Intermediate Government/Credit Index - - -0.02% 0.31%

As of 12/31/2019

Monthly 1 Month 3 Month YTD 1 Year 3 Year Since Inception*
Ladder Select Bond Fund 0.37% 0.90% 3.88% 3.88% 2.75% 2.57%
Bloomberg Barclays Intermediate Government/Credit Index 0.13% 0.37% 6.80% 6.80% 3.24% 2.43%

As of 12/31/2019

Quarterly 3 Month YTD 1 Year 3 Year Since Inception*
Ladder Select Bond Fund 0.90% 3.88% 3.88% 2.75% 2.57%
Bloomberg Barclays Intermediate Government/Credit Index 0.37% 6.80% 6.80% 3.24% 2.43%
Expense Ratios2 Institutional Class
Gross 2.04%
Net 0.95%

Distributions (as of 12/31/2019)

Distribution Yield (I)3 3.185%
SEC Yield (I)4  2.086%
Unsubsidized SEC Yield (I)4 1.408%
Latest Dividend Distribution ($ I Share)5  $0.0263

 

Portfolio Characteristics

Portfolio Statistics (as of 11/30/2019)

Average Effective Maturity N/A
Average Duration 1.83

Top 10 Holdings (as of 11/30/2019)

Security Description CUSIP % of Total Holdings
WF COMM MORT TRUST 2016-C34 95000DAG6 10.49%
BX 2017-SLCT C 05607DAJ6 7.08%
COMM MORT TRUST 2015-CR23 12593ABQ7 6.41%
HUDSON BAY JV TRUST 8/5/34 44422PAA0 5.65%
THARALDSON HOTEL PORT 88327HAL7 4.74%
STARWOOD PROP TRUST INC 85571BAP0 4.63%
COMM MORT TRUST 2015-CR23 12593ABL8 4.36%
CITIGROUP COMM MORT 17328HBD2 4.33%
WELLS FARGO COMM MORT FLT 94988LAJ1 4.30%
MARATHON CRE ISSUER LTD 565780AA1 4.18%

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