CrossingBridge Low Duration High Yield Fund (CBLDX)
The investment seeks high current income and capital appreciation consistent with the preservation of capital. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in fixed income securities and loans issued by companies that are rated below investment grade ( i.e., "junk" bonds and loans). It typically focuses on instruments that have short durations ( i.e., have an expected duration of three years or less from the time of purchase through maturity, call, or corporate action). The fund may invest up to 25% of its total assets in convertible bonds and Yankee bonds.
Fund Info
| ISIN | US89834G6044 |
|---|---|
| CUSIP | 89834G604 |
| Issuer | CrossingBridge |
| Inception Date | Jan 30, 2018 |
| Category | Multisector Bonds |
| Min. Investment | $50,000 |
| Asset Class | Bond |
Expense Ratio
CBLDX has a high expense ratio of 0.88%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in CrossingBridge Low Duration High Yield Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
CrossingBridge Low Duration High Yield Fund had a return of 3.17% year-to-date (YTD) and 8.37% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.17% | 9.49% |
| 1 month | 0.55% | 1.20% |
| 6 months | 5.30% | 18.29% |
| 1 year | 8.37% | 26.44% |
| 5 years (annualized) | 4.84% | 12.64% |
| 10 years (annualized) | N/A | 10.67% |
Monthly Returns
The table below presents the monthly returns of CBLDX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.73% | 0.79% | 0.90% | 0.43% | 3.17% | ||||||||
| 2023 | 1.31% | 0.41% | -0.17% | 0.87% | 0.26% | 0.43% | 0.84% | 0.62% | 0.29% | 0.36% | 0.99% | 1.17% | 7.63% |
| 2022 | 0.11% | 0.10% | -0.04% | -0.19% | -0.35% | -0.78% | 0.37% | 0.23% | -0.39% | 0.74% | 0.43% | 0.78% | 1.01% |
| 2021 | 1.70% | 1.38% | 0.38% | 0.59% | 0.24% | 0.29% | 0.30% | 1.57% | 0.15% | 0.27% | -0.02% | 0.31% | 7.36% |
| 2020 | 0.45% | -0.40% | -5.12% | 1.82% | 0.96% | 1.51% | 0.89% | 0.90% | 0.33% | -0.42% | 1.66% | 1.18% | 3.62% |
| 2019 | 0.72% | 0.42% | 0.29% | 0.49% | 0.18% | 0.44% | 0.12% | -0.02% | 0.31% | 0.03% | -0.03% | 0.49% | 3.50% |
| 2018 | 0.19% | 0.20% | 0.29% | 0.16% | 0.17% | 0.43% | 0.27% | 0.23% | -0.08% | -0.01% | -0.18% | 1.67% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of CBLDX is 99, placing it in the top 1% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
CBLDX (CrossingBridge Low Duration High Yield Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for CrossingBridge Low Duration High Yield Fund (CBLDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
CrossingBridge Low Duration High Yield Fund granted a 7.55% dividend yield in the last twelve months. The annual payout for that period amounted to $0.74 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.74 | $0.74 | $0.52 | $0.52 | $0.39 | $0.29 | $0.22 |
Dividend yield | 7.55% | 7.65% | 5.32% | 5.13% | 3.96% | 2.85% | 2.18% |
Monthly Dividends
The table displays the monthly dividend distributions for CrossingBridge Low Duration High Yield Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.06 | $0.06 | $0.06 | $0.05 | $0.00 | $0.24 | |||||||
| 2023 | $0.06 | $0.05 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.07 | $0.05 | $0.06 | $0.07 | $0.74 |
| 2022 | $0.02 | $0.01 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.05 | $0.02 | $0.04 | $0.07 | $0.18 | $0.52 |
| 2021 | $0.04 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.19 | $0.04 | $0.52 |
| 2020 | $0.02 | $0.02 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.05 | $0.04 | $0.03 | $0.04 | $0.39 |
| 2019 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.01 | $0.02 | $0.02 | $0.04 | $0.29 |
| 2018 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.22 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the CrossingBridge Low Duration High Yield Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the CrossingBridge Low Duration High Yield Fund was 8.16%, occurring on Mar 23, 2020. Recovery took 103 trading sessions.
The current CrossingBridge Low Duration High Yield Fund drawdown is 0.25%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -8.16% | Feb 24, 2020 | 21 | Mar 23, 2020 | 103 | Aug 18, 2020 | 124 |
| -1.58% | Apr 21, 2022 | 51 | Jul 5, 2022 | 105 | Dec 1, 2022 | 156 |
| -0.73% | Oct 15, 2020 | 12 | Oct 30, 2020 | 9 | Nov 12, 2020 | 21 |
| -0.63% | Mar 6, 2023 | 13 | Mar 22, 2023 | 15 | Apr 13, 2023 | 28 |
| -0.61% | Apr 26, 2024 | 4 | May 1, 2024 | — | — | — |
Volatility
Volatility Chart
The current CrossingBridge Low Duration High Yield Fund volatility is 0.84%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.