NEW YORK--(BUSINESS WIRE)--Ladder Capital Asset Management, the asset management subsidiary of Ladder Capital Corp (NYSE: LADR), is pleased to announce that the Ladder Select Bond Fund (Institutional Class: LSBIX), a no-load ‘40 Act mutual fund focused on investment grade-rated commercial mortgage backed securities (“CMBS”) and other commercial real estate (“CRE”) debt investments, is now available on the Charles Schwab, TD Ameritrade and Pershing platforms.
“We believe that the best investment decisions are made by subject-area experts,” said Brian Harris, CEO of Ladder Capital and Co-Portfolio Manager for the Fund. “The Ladder Select Bond Fund is designed to build on Ladder’s expertise in the CRE finance space. The Fund invests principally in a portfolio of investment grade-rated CMBS and related CRE debt where we believe our knowledge of the underlying real estate collateral and securities structure allows us to add value in security selection and portfolio management.”
Launched in October 2016, Ladder Select Bond Fund offers a uniquely positioned no-load mutual fund with a senior secured CRE investment strategy. CMBS bonds have long been held in insurance company and other institutional portfolios, but a highly targeted allocation to this asset class in an actively managed, daily liquidity format has not previously been broadly available in the mutual fund space.
Ladder Select Bond Fund seeks a combination of current income and capital preservation for investors interested in making tightly-defined allocations to managers with established expertise in their respective fields.
More information on the Ladder Select Bond Fund can be found at www.ladderfunds.com, or contact Ladder Capital Asset Management at invest@ladderfunds.com.
For media inquiries, please contact Milin Iyer at Sondhelm Partners at (703) 752-1510 or milin@sondhelmpartners.com.
About Ladder Capital
Ladder Capital Corp is a leading commercial real estate finance real estate investment trust (REIT) based in New York City focused on commercial real estate lending, CMBS securities investments, and selected equity investments. With $5.9 billion in total assets and $1.5 billion of book equity as of September 30, 2017, Ladder Capital is the largest internally-managed publicly traded REIT in its space. The Company was founded in 2008 with $611 million of equity from Ladder’s senior management team, high-net-worth individuals, and institutional investors including leading global sovereign wealth funds and private equity firms. Ladder Capital Corp completed its initial public offering in 2014 and is traded on the New York Stock Exchange under the symbol LADR.
Mutual fund investing involves risk. Principal loss is possible. Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund. This information and other important information about the Fund is contained in the Prospectus, which can be obtained by calling Shareholder Services at 888-859-5867. The Prospectus should be read carefully before investing.
Investments in mortgage-backed securities, asset-backed securities and other structured finance instruments include additional risks that investors should be aware of, such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments. The Fund will concentrate its investments in commercial mortgage-backed securities (“CMBS”) and, therefore, will be subject to the risks associated with these securities, including risks associated with the underlying mortgages, to a greater degree than a fund that does not concentrate in such securities. Investments in non-investment grade and unrated securities presents a greater risk of loss to principal and interest than higher-rated securities. Derivatives involve risks different from and, in certain cases, greater than the risks presented by more traditional investments. Investments in non-investment grade and unrated securities, derivatives, and restricted securities tend to involve greater liquidity risk. The Fund is non-diversified and, therefore, may be more susceptible to being adversely affected by a single corporate, economic, political or regulatory occurrence than a diversified fund. Any use of leverage by the Fund may exaggerate the effect of any increase or decrease in the value of securities in the Fund’s portfolio on the Fund’s Net Asset Value and, therefore, may increase the volatility of the Fund. For more information on these risks and other risks of the Fund, please see the Prospectus.
Ladder Select Bond Fund is distributed by Ultimus Fund Distributors, LLC.
