CrossingBridge Ultra-Short Duration Fund
Name
As of 04/25/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
2.0%
1 yr return
6.3%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$100 M
Holdings in Top 10
26.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.06%
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 04/25/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
CBUDX - Profile
Distributions
- YTD Total Return 2.0%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.28%
- Dividend Yield 5.6%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameCrossingBridge Ultra-Short Duration Fund
-
Fund Family NameCrossingBridge
-
Inception DateJun 30, 2021
-
Shares Outstanding6331748
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerT. Kirk Whitney
Fund Description
CBUDX - Performance
Return Ranking - Trailing
Period | CBUDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.0% | -1.5% | 3.1% | 22.22% |
1 Yr | 6.3% | -0.4% | 12.7% | 23.26% |
3 Yr | N/A* | -2.1% | 5.8% | N/A |
5 Yr | N/A* | -1.0% | 3.9% | N/A |
10 Yr | N/A* | -4.5% | 27.5% | N/A |
* Annualized
Return Ranking - Calendar
Period | CBUDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -0.2% | -2.3% | 4.3% | 96.30% |
2022 | -0.7% | -6.5% | 0.5% | 17.70% |
2021 | N/A | -2.1% | 0.3% | N/A |
2020 | N/A | -3.1% | 1.8% | N/A |
2019 | N/A | -1.2% | 6.1% | N/A |
Total Return Ranking - Trailing
Period | CBUDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.0% | -1.5% | 3.1% | 22.22% |
1 Yr | 6.3% | -0.4% | 12.7% | 23.26% |
3 Yr | N/A* | -2.1% | 5.8% | N/A |
5 Yr | N/A* | -1.0% | 3.9% | N/A |
10 Yr | N/A* | -4.5% | 27.5% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | CBUDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.7% | 0.8% | 12.1% | 60.19% |
2022 | 2.5% | -5.1% | 2.5% | 0.48% |
2021 | N/A | -2.1% | 14.5% | N/A |
2020 | N/A | -1.0% | 3.6% | N/A |
2019 | N/A | 0.3% | 9.6% | N/A |
NAV & Total Return History
CBUDX - Holdings
Concentration Analysis
CBUDX | Category Low | Category High | CBUDX % Rank | |
---|---|---|---|---|
Net Assets | 100 M | 25.6 K | 22.6 B | 85.45% |
Number of Holdings | 69 | 2 | 1291 | 88.18% |
Net Assets in Top 10 | 26.4 M | 32.5 K | 17.3 B | 84.55% |
Weighting of Top 10 | 26.33% | 5.6% | 163.3% | 34.09% |
Top 10 Holdings
- Microchip Technology Inc 2.99%
- Credit Suisse Mortgage Capital Certificates 2019-ICE4 2.78%
- Eastman Chemical Co 2.72%
- PDC Energy Inc 2.69%
- NAI Entertainment Holdings LLC 2.58%
- Glencore Funding LLC 2.56%
- LAD Auto Receivables Trust 2023-3 2.54%
- Fidelity National Information Services Inc 2.52%
- Delta Air Lines 2019-1 Class AA Pass Through Trust 2.48%
- Elkem ASA 2.46%
Asset Allocation
Weighting | Return Low | Return High | CBUDX % Rank | |
---|---|---|---|---|
Bonds | 84.78% | 0.00% | 128.16% | 38.18% |
Cash | 8.53% | 0.00% | 109.89% | 38.18% |
Other | 6.69% | -29.59% | 99.92% | 54.09% |
Convertible Bonds | 2.94% | 0.00% | 15.25% | 48.40% |
Stocks | 0.00% | 0.00% | 97.29% | 87.27% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 84.55% |
Bond Sector Breakdown
Weighting | Return Low | Return High | CBUDX % Rank | |
---|---|---|---|---|
Corporate | 63.11% | 0.00% | 99.91% | 11.42% |
Securitized | 7.26% | 0.00% | 100.00% | 71.69% |
Cash & Equivalents | 6.67% | 0.00% | 109.89% | 39.09% |
Municipal | 0.00% | 0.00% | 70.39% | 93.15% |
Government | 0.00% | 0.00% | 100.00% | 95.89% |
Derivative | -0.21% | -29.59% | 21.59% | 82.27% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | CBUDX % Rank | |
---|---|---|---|---|
US | 77.21% | 0.00% | 128.16% | 52.73% |
Non US | 7.58% | 0.00% | 22.24% | 5.00% |
CBUDX - Expenses
Operational Fees
CBUDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.06% | 0.02% | 28.11% | 8.26% |
Management Fee | 0.65% | 0.00% | 1.19% | 99.09% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
CBUDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.50% | 5.75% | N/A |
Deferred Load | N/A | 0.25% | 1.00% | N/A |
Trading Fees
CBUDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 1.00% | 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.
CBUDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 369.54% | N/A |
CBUDX - Distributions
Dividend Yield Analysis
CBUDX | Category Low | Category High | CBUDX % Rank | |
---|---|---|---|---|
Dividend Yield | 5.60% | 0.00% | 8.10% | 6.82% |
Dividend Distribution Analysis
CBUDX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
CBUDX | Category Low | Category High | CBUDX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.28% | -1.30% | 14.86% | 96.70% |
Capital Gain Distribution Analysis
CBUDX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 27, 2024 | $0.047 | OrdinaryDividend |
Feb 27, 2024 | $0.049 | OrdinaryDividend |
Jan 29, 2024 | $0.045 | OrdinaryDividend |
Dec 26, 2023 | $0.045 | OrdinaryDividend |
Nov 29, 2023 | $0.057 | OrdinaryDividend |
Oct 30, 2023 | $0.045 | OrdinaryDividend |
Sep 28, 2023 | $0.055 | OrdinaryDividend |
Aug 30, 2023 | $0.051 | OrdinaryDividend |
Jul 28, 2023 | $0.047 | OrdinaryDividend |
Jun 29, 2023 | $0.051 | OrdinaryDividend |
May 30, 2023 | $0.056 | OrdinaryDividend |
Apr 27, 2023 | $0.042 | OrdinaryDividend |
Mar 30, 2023 | $0.043 | OrdinaryDividend |
Feb 27, 2023 | $0.035 | OrdinaryDividend |
Jan 30, 2023 | $0.035 | OrdinaryDividend |
Dec 29, 2022 | $0.109 | OrdinaryDividend |
Nov 29, 2022 | $0.034 | OrdinaryDividend |
Oct 28, 2022 | $0.033 | OrdinaryDividend |
Sep 29, 2022 | $0.026 | OrdinaryDividend |
Aug 30, 2022 | $0.032 | OrdinaryDividend |
Jul 28, 2022 | $0.018 | OrdinaryDividend |
Jun 29, 2022 | $0.018 | OrdinaryDividend |
May 27, 2022 | $0.013 | OrdinaryDividend |
Apr 28, 2022 | $0.010 | OrdinaryDividend |
Mar 30, 2022 | $0.011 | OrdinaryDividend |
Feb 25, 2022 | $0.008 | OrdinaryDividend |
Dec 30, 2021 | $0.001 | OrdinaryDividend |
CBUDX - Fund Manager Analysis
Managers
T. Kirk Whitney
Start Date
Tenure
Tenure Rank
Jun 30, 2021
0.92
0.9%
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.
David Sherman
Start Date
Tenure
Tenure Rank
Jun 30, 2021
0.92
0.9%
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
Jun 30, 2021
0.92
0.9%
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.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 32.44 | 6.56 | 7.92 |