CrossingBridge Responsible Credit Fund (CBRDX)
The mutual fund primarily focuses on investing in fixed income securities that meet responsible investing criteria, without restrictions on issuer credit quality, capitalization, or security maturity. It may allocate up to 100% of its assets in lower-quality fixed income securities such as high yield or junk bonds, and is classified as non-diversified.
Fund Info
| Issuer | CrossingBridge |
|---|---|
| Inception Date | Jun 29, 2021 |
| Category | Multisector Bonds |
| Min. Investment | $50,000 |
| Asset Class | Bond |
Expense Ratio
CBRDX has a high expense ratio of 0.89%, 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 Responsible Credit 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 Responsible Credit Fund had a return of 3.28% year-to-date (YTD) and 8.82% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.28% | 9.49% |
| 1 month | 0.58% | 1.20% |
| 6 months | 5.70% | 18.29% |
| 1 year | 8.82% | 26.44% |
| 5 years (annualized) | N/A | 12.64% |
| 10 years (annualized) | N/A | 10.67% |
Monthly Returns
The table below presents the monthly returns of CBRDX, 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 | 0.65% | 1.04% | 0.77% | 0.56% | 3.28% | ||||||||
| 2023 | 2.03% | 1.07% | -1.09% | 0.50% | -0.33% | 0.27% | 1.30% | 1.03% | 0.57% | 0.20% | 0.48% | 1.75% | 8.00% |
| 2022 | -0.28% | -0.24% | 0.26% | -0.85% | 0.84% | -1.58% | 2.17% | 0.47% | -0.81% | 0.82% | 0.44% | 0.65% | 1.85% |
| 2021 | -0.20% | 0.53% | 0.21% | 0.09% | 0.17% | 0.34% | 1.14% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of CBRDX is 98, placing it in the top 2% 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.
CBRDX (CrossingBridge Responsible Credit Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for CrossingBridge Responsible Credit Fund (CBRDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
CrossingBridge Responsible Credit Fund granted a 8.11% dividend yield in the last twelve months. The annual payout for that period amounted to $0.77 per share.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $0.77 | $0.81 | $0.67 | $0.13 |
Dividend yield | 8.11% | 8.57% | 7.03% | 1.34% |
Monthly Dividends
The table displays the monthly dividend distributions for CrossingBridge Responsible Credit 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 | $0.07 | $0.06 | $0.05 | $0.06 | $0.00 | $0.24 | |||||||
| 2023 | $0.05 | $0.06 | $0.09 | $0.07 | $0.07 | $0.07 | $0.06 | $0.07 | $0.08 | $0.05 | $0.06 | $0.07 | $0.81 |
| 2022 | $0.01 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.06 | $0.06 | $0.05 | $0.02 | $0.27 | $0.67 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.05 | $0.02 | $0.13 |
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 Responsible Credit 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 Responsible Credit Fund was 2.05%, occurring on Jun 30, 2022. Recovery took 20 trading sessions.
The current CrossingBridge Responsible Credit Fund drawdown is 0.25%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -2.05% | Jan 13, 2022 | 116 | Jun 30, 2022 | 20 | Jul 29, 2022 | 136 |
| -1.86% | Mar 7, 2023 | 12 | Mar 22, 2023 | 83 | Jul 21, 2023 | 95 |
| -1.45% | Aug 19, 2022 | 29 | Sep 29, 2022 | 44 | Dec 1, 2022 | 73 |
| -0.63% | Apr 26, 2024 | 1 | Apr 26, 2024 | — | — | — |
| -0.43% | Nov 6, 2023 | 5 | Nov 10, 2023 | 10 | Nov 27, 2023 | 15 |
Volatility
Volatility Chart
The current CrossingBridge Responsible Credit Fund volatility is 0.94%, 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.