- Issuer
- CrossingBridge
- Inception Date
- Jun 29, 2021
- Category
- Ultrashort Bond
- Min. Investment
- $50,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
CBUDX Performance Chart
CrossingBridge Ultra-Short Duration Fund (CBUDX) is up 1.7% since the beginning of the year. CBUDX is currently trading at $10 per share.
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Returns By Period
CrossingBridge Ultra-Short Duration Fund (CBUDX) has returned 1.74% so far this year and 4.54% over the past 12 months.
CrossingBridge Ultra-Short Duration Fund
- 1D
- 0.10%
- 1M
- 0.33%
- YTD
- 1.74%
- 6M
- 2.09%
- 1Y
- 4.54%
- 3Y*
- 5.35%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
CBUDX Monthly Returns History
Based on dividend-adjusted daily data since Jun 30, 2021, CBUDX's average daily return is +0.02%, while the average monthly return is +0.34%. At this rate, an investment would double in approximately 17.0 years.
Historically, 92% of months were positive and 8% were negative. The best month was Nov 2023 with a return of +0.9%, while the worst month was Jun 2022 at -0.3%. The longest winning streak lasted 48 consecutive months, and the longest losing streak was 1 months.
On a daily basis, CBUDX closed higher 24% of trading days. The best single day was Dec 23, 2024 with a return of +0.4%, while the worst single day was Sep 27, 2024 at -0.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.34% | 0.31% | 0.10% | 0.44% | 0.23% | 0.30% | 1.74% | ||||||
| 2025 | 0.52% | 0.33% | 0.26% | 0.39% | 0.51% | 0.60% | 0.39% | 0.44% | 0.52% | 0.13% | 0.40% | 0.64% | 5.25% |
| 2024 | 0.66% | 0.59% | 0.47% | 0.41% | 0.48% | 0.24% | 0.40% | 0.49% | 0.70% | 0.36% | 0.40% | 0.49% | 5.83% |
| 2023 | 0.35% | 0.35% | 0.33% | 0.32% | 0.67% | 0.11% | 0.57% | 0.62% | 0.45% | 0.35% | 0.88% | 0.45% | 5.61% |
| 2022 | -0.10% | 0.18% | -0.09% | 0.20% | 0.13% | -0.30% | 0.38% | 0.32% | 0.06% | 0.23% | 0.54% | 0.69% | 2.25% |
| 2021 | 0.00% | 0.10% | -0.10% | 0.10% | 0.10% | 0.06% | 0.01% | 0.26% |
Benchmark Metrics
CrossingBridge Ultra-Short Duration Fund has an annualized alpha of 4.16%, beta of 0.00, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since June 30, 2021.
- This fund captured 7.86% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -9.51%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.00 may look defensive, but with R2 of 0.01 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.01 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 4.16%
- Beta
- 0.00
- R²
- 0.01
- Upside Capture
- 7.86%
- Downside Capture
- -9.51%
Expense Ratio
CBUDX has an expense ratio of 0.89%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CBUDX ranks 99 for risk / return — in the top 99% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for CrossingBridge Ultra-Short Duration Fund (CBUDX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CBUDX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.45 | ||
| Sortino ratioReturn per unit of downside risk | +7.57 | ||
| Omega ratioGain probability vs. loss probability | 4.30 | 1.37 | +2.93 |
| Calmar ratioReturn relative to maximum drawdown | 11.63 | 2.78 | +8.85 |
| Martin ratioReturn relative to average drawdown | 78.59 | 12.44 | +66.15 |
Dividends
Dividend History
CrossingBridge Ultra-Short Duration Fund provided a 4.44% dividend yield over the last twelve months, with an annual payout of $0.44 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.44 | $0.46 | $0.56 | $0.56 | $0.29 | $0.02 |
Dividend yield | 4.44% | 4.61% | 5.68% | 5.67% | 2.94% | 0.16% |
Monthly Dividends
The table displays the monthly dividend distributions for CrossingBridge Ultra-Short Duration 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.06 | $0.00 | $0.03 | $0.03 | $0.00 | $0.16 | ||||||
| 2025 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.05 | $0.46 |
| 2024 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.04 | $0.05 | $0.06 | $0.56 |
| 2023 | $0.04 | $0.03 | $0.04 | $0.04 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.56 |
| 2022 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.11 | $0.29 |
| 2021 | $0.02 | $0.00 | $0.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the CrossingBridge Ultra-Short Duration 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 Ultra-Short Duration Fund was 0.40%, occurring on Sep 27, 2024. Recovery took 16 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2024 pullback2024 | -0.40%Sep 2024 | 0s | 24d | 24dSep 2024 - Oct 2024 |
2026 pullback2026 | -0.40%Mar 2026 | 1d | 24d | 25dMar 2026 - Apr 2026 |
2025 selloff2025 | -0.30%Apr 2025 | 6d | 7d | 13dApr 2025 - Apr 2025 |
2024 pullback2024 | -0.30%Dec 2024 | 0s | 3d | 3dDec 2024 - Dec 2024 |
Bear market2022 | -0.30%Jun 2022 | 3d | 1mo 13d | 1mo 16dJun 2022 - Jul 2022 |
Drawdown Indicators
| CBUDX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.40% | -56.78% | +56.38% |
Max Drawdown (1Y)Largest decline over 1 year | -0.40% | -9.10% | +8.70% |
Max Drawdown (3Y)Largest decline over 3 years | -0.40% | -18.90% | +18.50% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -10.71% | +10.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 2.03% | -1.97% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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