Ladder Select Bond Fund

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

Assets
$13.395m

Institutional Class (I)
LSBIX

Distribution Yield (I)3
2.991%

SEC Yield (I)4
2.948%

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 9/19/2018

Daily NAV/Index Value Daily Change % Change YTD Performance
Ladder Select Bond Fund 10.01 0 0.00% 1.86%
Bloomberg Barclays Intermediate Government/Credit Index 2055.59 -1.67 -0.08% -0.95%

As of 8/31/2018

Monthly 1 Month 3 Month YTD 1 Year 3 Year Since Inception*
Ladder Select Bond Fund 0.25% 0.68% 1.66% 2.29% - 2.42%
Bloomberg Barclays Intermediate Government/Credit Index 0.59% 0.55% -0.36% -1.01% 1.27% -0.14%

As of 6/30/2018

Quarterly 3 Month YTD 1 Year 3 Year Since Inception*
Ladder Select Bond Fund 0.79% 1.21% 2.58% - 2.40%
Bloomberg Barclays Intermediate Government/Credit Index 0.01% -0.97% -0.58% 1.16% -0.75%
Expense Ratios2 Institutional Class
Gross 2.17%
Net 0.95%

Distributions (as of 8/31/2018)

Distribution Yield (I)3 2.991%
SEC Yield (I)4  2.948%
Unsubsidized SEC Yield (I)4 2.948%
Latest Dividend Distribution ($ I Share)5  $0.0249

Portfolio Characteristics

Portfolio Statistics

Average Effective Maturity N/A
Average Duration N/A

Top 10 Holdings (as of 5/31/2018)

Security Description CUSIP % of Total Holdings
JPMCC16-WPT FLT 10/15/33 46646KAL2 18.86%
GSCR COMM MORT TRUST 08/15/32 36254TAG8 13.59%
COMM MORT TRUST CMB 5/10/48 12593ABL8 11.22%
COMM MORT TRUST TWC 2/13/32 20047TAG4 10.76%
COMM MORT TRUST CR23  5/10/48 12593ABQ7 10.22%
COMM MORT TRUST AM 4.063% 12/10/44 126192AE3 6.01%
PROGRESSIVE RESIDENTIAL TRUST 74333GAA5 5.71%
WFCM LC5 B 10/15/45 94988HAF8 5.51%
VNO MORT TRUST 3.9471% 12/13/29 91830MAG1 5.41%
THAR HOTEL PORT TRUST 11/11/34 88327HAL7 5.40%

Fund Details

Share Class Ticker CUSIP Inception Date Gross Expenses2 Net Expenses2 Minimum Investment6
Institutional (I) LSBIX 90386H636 10/18/2016 2.17% 0.95% $100,000