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Morningstar

CrossingBridge Ultra-Short Dur Instl CBUDX

Morningstar Medalist Rating
Medalist Rating as of | See Cohanzick Management Investment Hub
  • NAV / 1-Day Return 9.96  /  0.00 %
  • Total Assets 112.1 Mil
  • Adj. Expense Ratio
    0.910%
  • Expense Ratio 0.910%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 5,000
  • Status Open
  • TTM Yield 6.03%
  • Effective Duration —

USD | NAV as of May 11, 2024 | 1-Day Return as of May 11, 2024, 12:33 AM GMT+0

Morningstar’s Analysis CBUDX

Will CBUDX 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 CBUDX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the CBUDX 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 CBUDX’s parent organization’s priorities and whether they’re in line with investors’ interests.

CrossingBridge Ultra-Short Dur Instl's Average People Pillar and Process Pillar ratings are n't enough to prevent other weaknesses from sending this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings CBUDX

More CBUDX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 23.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

EUR/USD FWD 20240415 Purchased

5.97 6.8 Mil
Derivative

First American Treasury Obligs X

4.87 5.5 Mil
Cash and Equivalents

NAI ENTERTAINMENT T/L B

2.84 3.2 Mil
Corporate

Teledyne Technologies Inc 0.95%

2.76 3.1 Mil
Cash and Equivalents

Delta Air Lines, Inc. Pass Thru Trust 3.2%

2.66 3.0 Mil
Cash and Equivalents

Hewlett Packard Enterprise Company 1.45%

2.64 3.0 Mil
Cash and Equivalents

PDC Energy, Inc. 5.75%

2.64 3.0 Mil
Corporate

Kaman Corporation 3.25%

2.61 3.0 Mil
Corporate

The Sherwin-Williams Company 3.13%

2.61 3.0 Mil
Cash and Equivalents

Sprint LLC 7.13%

2.48 2.8 Mil
Cash and Equivalents