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Morningstar

CrossingBridge Low Dur Hi Yld Instl CBLDX

Morningstar Medalist Rating
Medalist Rating as of | See Cohanzick Management Investment Hub
  • NAV / 1-Day Return 9.80  /  +0.03 %
  • Total Assets 799.3 Mil
  • Adj. Expense Ratio
    0.910%
  • Expense Ratio 0.910%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 5,000
  • Status Open
  • TTM Yield 7.60%
  • Effective Duration —

USD | NAV as of Apr 20, 2024 | 1-Day Return as of Apr 20, 2024, 12:18 AM GMT+0

Morningstar’s Analysis CBLDX

Will CBLDX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CBLDX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the CBLDX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of CBLDX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in CrossingBridge Low Dur Hi Yld Instl's Process Pillar is partially offset by an Average People Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings CBLDX

More CBLDX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 19.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

EUR/USD FWD 20240415 Purchased

11.34 86.5 Mil
Derivative

First American Treasury Obligs X

5.16 39.3 Mil
Cash and Equivalents

First American Government Obligs X

4.98 38.0 Mil
Cash and Equivalents

Summit Midstream Holdings, LLC / Summit Midstream Finance Corp. 9%

2.92 22.3 Mil
Corporate

SEK/USD FWD 20240415 Purchased

2.55 19.4 Mil
Derivative

Mangrove Luxco III SARL 7.78%

2.28 17.4 Mil
Corporate

Glencore Funding LLC 4.63%

2.24 17.1 Mil
Cash and Equivalents

WHIRLPOOL CORP

1.93 14.7 Mil
Cash and Equivalents

Cannabist Co Holdings Inc. 9.5%

1.90 14.5 Mil
Corporate

Canadian Natural Resources Limited 3.8%

1.90 14.5 Mil
Cash and Equivalents