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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171108006219/en/
Media inquiries:
Sondhelm Partners
Milin Iyer, 703-752-1510
milin@sondhelmpartners.com
Source: Ladder Capital Asset Management