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Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

CrossingBridge Low Duration High Income Fund

CBLDX | Fund

$9.61

$1.56 B

5.39%

$0.52

0.86%

Vitals

YTD Return

2.1%

1 yr return

5.6%

3 Yr Avg Return

6.7%

5 Yr Avg Return

5.3%

Net Assets

$1.56 B

Holdings in Top 10

25.7%

52 WEEK LOW AND HIGH

$9.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.86%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$50,000

IRA

$50,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

CrossingBridge Low Duration High Income Fund

CBLDX | Fund

$9.61

$1.56 B

5.39%

$0.52

0.86%

CBLDX - Profile

Distributions

  • YTD Total Return 2.1%
  • 3 Yr Annualized Total Return 6.7%
  • 5 Yr Annualized Total Return 5.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.37%
DIVIDENDS
  • Dividend Yield 5.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    CrossingBridge Low Duration High Income Fund
  • Fund Family Name
    CrossingBridge
  • Inception Date
    Feb 01, 2018
  • Shares Outstanding
    56542580
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Sherman

Fund Description

Under normal market conditions, the Fund seeks to achieve its investment objective by investing at least 80% of its net assets (plus any borrowings for investment purposes) in a portfolio of income producing fixed income securities. CrossingBridge Advisors, LLC (the “Adviser”), the Fund’s investment adviser, will construct a portfolio for the Fund that the Adviser believes has the potential to generate a high level of current income, while maintaining a fixed income portfolio duration of 2.0 or less.
The income producing fixed income securities in which the Fund invests include: bills, notes, bonds, debentures, convertible bonds, bank loans, loan participations, mortgage- and asset-backed securities, Rule 144A fixed income securities, zero coupon securities, syndicated loan assignments, sovereign debt and other evidence of indebtedness issued by U.S. or foreign corporations, governments, government agencies or government instrumentalities, including floating-rate securities (i.e., fixed income securities that provide income that can increase or decrease with interest rates), commercial paper, and preferred stocks.The Fund may also invest in fixed income-like equity securities such asspecial purpose acquisition companies (“SPACs”) that provide interest income and/or the potential for capital appreciation while having an effective maturity.The Fund invests in individual fixed income securities without restriction as to issuer credit quality, capitalization or security maturity. The Fund may invest up to 100% of its assets in lower-quality fixed income securities — commonly known as “high yield” or “junk” bonds. Junk bonds are generally rated lower than Baa3 by Moody’s Investors Service (“Moody’s”) or lower than BBB- by Standard and Poor’s Rating Group (“S&P”). The Fund may invest in junk bonds that are in default, subject to bankruptcy or reorganization. High yield bonds have a higher expected rate of default than higher quality bonds. The Fund may also invest up to 35% of its total assets in foreign currency denominated securities. To the extent the Fund invests in other investment companies, including exchange-traded funds (“ETFs”), the Fund will consider the underlying holdings of such funds for purposes of meeting its policy of investing at least 80% of its net assets in a portfolio of income producing fixed income securities.
The Adviser seeks to manage interest rate, default and currency risks. The Adviser manages interest rate risk by maintaining, under normal market conditions, an average fixed income portfolio duration of 2.0 or less by primarily investing in short-term, medium-term and floating rate securities.Duration is a measure of sensitivity of a security’s price to changes in interest rates. For example, a security with a duration of 2.0 would be expected to decrease in price 2% for every 1% rise in interest rates (the inverse is true as well). The stated maturity for a fixed income security may be longer than the expected maturity that will be used for the Fund’s portfolio duration calculation.The stated maturity may differ from the expected maturity as a result of market conditions orthe terms of the security (such as provisions that would give a holder or issuer a right to require redemption in certain circumstances).
The Adviser manages default risk by selecting securities of issuers that it believes will pay interest and principal regardless of their credit rating, based upon the Adviser’s credit analysis of each issuer. The Adviser may also select securities that are in default, subject to bankruptcy or reorganization where the Adviser believes the risks to be consistent with capital preservation, based on the Adviser’s analysis of an issuer’s liquidation value or post-bankruptcy or post-reorganization value.
The Adviser manages foreign currency risk by investing primarily in securities denominated in U.S. dollars, such as Yankee bonds or, where appropriate, by hedging foreign currency exposure.When
deemed appropriate, the Adviser may hedge the foreign currency exposure typically, and primarily, with forward currency contracts.A forward currency contract is an obligation to purchase or sell a specific currency at a future date, which may be any fixed number of days from the date of the contract agreed upon by the parties.
The Fund may invest in derivative instruments, specifically options, swap agreements and forward currency contracts (collectively, “Derivatives”) to reduce exposure to, or “hedge” against, market volatilities and other risks.The Fund may also use a Derivative rather than investing directly in an underlying asset class as a low-cost, effective means to gain exposure to such asset class. The Fund will count the notional value of investments in derivative instruments towards compliance with the 80% investment policy discussed above, except that investments in derivative instruments for the purpose of hedging foreign currency risk will not be counted towards the 80% investment policy.
The Fund will sell an investment during portfolio rebalancing periods when the Fund’s holdings in that investment are larger than the allocation suggested by the Adviser’s investment models or when a more attractive investment becomes available. The Adviser may engage in active trading of the Fund’s portfolio investments, resulting in a high portfolio turnover rate, to achieve the Fund’s investment objective.
There is no assurance the Fund will achieve its investment objective.
Read More

CBLDX - Performance

Return Ranking - Trailing

Period CBLDX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -7.0% 6.4% 12.34%
1 Yr 5.6% -11.7% 19.2% 57.05%
3 Yr 6.7%* -6.0% 14.9% 52.40%
5 Yr 5.3%* -8.0% 12.2% 8.57%
10 Yr N/A* -1.0% 11.3% N/A

* Annualized

Return Ranking - Calendar

Period CBLDX Return Category Return Low Category Return High Rank in Category (%)
2025 -0.5% -21.9% 12.9% 84.35%
2024 -0.1% -17.6% 5.4% 60.70%
2023 -0.3% -12.0% 8.9% 87.38%
2022 -4.1% -31.8% 18.4% 5.08%
2021 2.0% -16.2% 25.7% 7.64%

Total Return Ranking - Trailing

Period CBLDX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -7.0% 6.4% 12.34%
1 Yr 5.6% -11.7% 19.2% 57.05%
3 Yr 6.7%* -6.0% 14.9% 52.40%
5 Yr 5.3%* -8.0% 12.2% 8.57%
10 Yr N/A* -1.0% 11.3% N/A

* Annualized

Total Return Ranking - Calendar

Period CBLDX Return Category Return Low Category Return High Rank in Category (%)
2025 6.0% -9.2% 20.9% 83.55%
2024 7.2% -11.7% 18.6% 34.19%
2023 7.6% -6.5% 22.2% 58.79%
2022 1.0% -23.0% 21.1% 4.59%
2021 7.4% -7.8% 49.9% 10.53%

NAV & Total Return History

CBLDX - Holdings

Concentration Analysis

CBLDX Category Low Category High CBLDX % Rank
Net Assets 1.56 B 2.65 M 226 B 41.45%
Number of Holdings 200 4 10796 78.39%
Net Assets in Top 10 401 M -204 M 91.6 B 39.52%
Weighting of Top 10 25.66% 5.1% 105.1% 46.02%

Top 10 Holdings

  1. First American Treasury Obligations Fund 5.27%
  2. First American Government Obligations Fund 2.86%
  3. CMG Media Corp 2.79%
  4. Compass Group Diversified Holdings LLC 2.42%
  5. HCA Inc 2.31%
  6. GrubHub Holdings Inc 2.17%
  7. Arch Investment Partners LLC 2.10%
  8. 888 Acquisitions LLC 1.93%
  9. SSC Technologies Inc 1.91%
  10. Keurig Dr Pepper Inc 1.89%

Asset Allocation

Weighting Return Low Return High CBLDX % Rank
Bonds 		70.96% -5.04% 180.51% 76.13%
Cash 		15.11% -94.66% 98.41% 13.39%
Stocks 		11.91% -7.68% 100.00% 12.42%
Convertible Bonds 		2.57% 0.00% 33.50% 34.00%
Other 		2.42% -37.46% 104.06% 57.42%
Preferred Stocks 		0.25% 0.00% 12.59% 30.81%

Stock Sector Breakdown

Weighting Return Low Return High CBLDX % Rank
Financial Services 		99.71% 0.00% 100.00% 6.08%
Healthcare 		0.15% 0.00% 18.60% 32.52%
Energy 		0.15% 0.00% 100.00% 73.25%
Utilities 		0.00% 0.00% 100.00% 75.68%
Technology 		0.00% 0.00% 28.30% 69.91%
Real Estate 		0.00% 0.00% 100.00% 74.16%
Industrials 		0.00% 0.00% 100.00% 80.24%
Communication Services 		0.00% 0.00% 100.00% 73.86%
Consumer Defense 		0.00% 0.00% 99.97% 71.73%
Consumer Cyclical 		0.00% 0.00% 33.03% 75.38%
Basic Materials 		0.00% 0.00% 47.39% 73.25%

Stock Geographic Breakdown

Weighting Return Low Return High CBLDX % Rank
US 		11.91% -7.68% 100.00% 11.94%
Non US 		0.00% -0.02% 23.24% 72.74%

Bond Sector Breakdown

Weighting Return Low Return High CBLDX % Rank
Corporate 		53.20% 0.00% 96.66% 31.67%
Cash & Equivalents 		15.11% 0.00% 98.41% 12.94%
Securitized 		1.09% 0.00% 99.65% 88.00%
Derivative 		0.07% -29.08% 11.34% 31.23%
Municipal 		0.00% 0.00% 54.26% 73.67%
Government 		0.00% 0.00% 99.43% 92.50%

Bond Geographic Breakdown

Weighting Return Low Return High CBLDX % Rank
US 		57.15% -5.04% 162.24% 74.68%
Non US 		13.81% 0.00% 67.48% 24.68%

CBLDX - Expenses

Operational Fees

CBLDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.86% 0.14% 9.86% 70.42%
Management Fee 0.65% 0.00% 2.29% 61.50%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.70% N/A

Sales Fees

CBLDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 1.50% N/A

Trading Fees

CBLDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CBLDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 632.00% 88.71%

CBLDX - Distributions

Dividend Yield Analysis

CBLDX Category Low Category High CBLDX % Rank
Dividend Yield 5.39% 0.00% 23.30% 7.50%

Dividend Distribution Analysis

CBLDX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

CBLDX Category Low Category High CBLDX % Rank
Net Income Ratio 3.37% -1.55% 11.51% 37.87%

Capital Gain Distribution Analysis

CBLDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

CBLDX - Fund Manager Analysis

Managers

David Sherman

Start Date

Tenure

Tenure Rank

Jan 31, 2018

4.33

4.3%

David K. Sherman is the portfolio manager for RiverPark Short Term and RiverPark Strategic Income. Mr. Sherman, is the managing member of Cohanzick. Since 1996, Mr. Sherman, on behalf of Cohanzick Management, LLC , has managed accounts for various clients utilizing investment programs substantially similar to those intended to be used by the Fund. From January 1987 to August 1996, Mr. Sherman held various executive and director positions at Leucadia National Corporation and/or its subsidiaries. From August 1992 to August 1996, Mr. Sherman served as a Vice President of Leucadia with primary responsibility for the oversight of Leucadia's insurance companies' investment portfolios. Mr. Sherman holds a B.S. in Business Administration from Washington University.

Michael De Kler

Start Date

Tenure

Tenure Rank

Jan 31, 2018

4.33

4.3%

Michael De Kler is an Assistant Portfolio Manager of CrossingBridge Advisors, LLC., a wholly owned subsidiary of Cohanzick Management, LLC. Michael De Kler began his career with Cohanzick as a junior analyst in 1999, rising to his current role of Assistant Portfolio Manager and Senior Analyst. Throughout his time with Cohanzick, Mr. De Kler’s focus has been on high yield and investment grade debt securities. Mr. De Kler graduated from Fairleigh Dickinson University, Magna Cum Laude, with a Bachelor of Science in Finance in 1999 and a Masters of Business Administration in 2001.

T. Kirk Whitney

Start Date

Tenure

Tenure Rank

Dec 31, 2021

0.41

0.4%

T. Kirk Whitney, CFA® is an Assistant Portfolio Manager of the Adviser, a wholly owned subsidiary of Cohanzick Management, LLC, and serves as an Assistant Portfolio Manager of the Responsible Credit Fund. Mr. Whitney began his career with Cohanzick Management, LLC as a Portfolio Analyst in 2013, rising to his current role of Assistant Portfolio Manager and Senior Analyst. Mr. Whitney has over 20 years of experience having worked at the Solaris Group, Concordia Advisors, Alliance Capital and Bloomberg. Mr. Whitney holds a B.S. from Pennsylvania State University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 28.19 5.66 3.19

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