CBLVX Fees and Costs — CrossingBridge Low Duration High Income Fund, Retail Class Shares
Data updated: 2026-08-26
The net expense ratio is 1.11%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $7K in broker commissions, 0.0009% of average net assets, and portfolio turnover was 111%.
CBLVX Fees and Expenses
Annual operating expenses and sales charges of CBLVX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | — |
| Gross expense ratio | 1.11% |
| Fee waiver | — |
| Net expense ratio | 1.11% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
CBLVX Costs Over Time
On $10,000 invested in CBLVX, assuming 5% a year before costs, total costs come to $693 over 5 years, cutting the return by 1.17% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.11%) | $117 | $363 | $629 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $117 | $382 | $693 |
| Value after costs | $10,383 | $11,195 | $12,069 |
| Impact on return, per year | 1.17% | 1.17% | 1.17% |
CBLVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0009%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $6.5B
- Portfolio turnover (prospectus): 111%
- Securities lending: none during the year
CBLVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $4K | 52.04% |
| PERSHING LLC | $3K | 47.24% |
| NATIONAL FINANCIAL SERVICES LLC | $50 | 0.72% |
CBLVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES INC. | $552.4M | 22.13% |
| PERSHING LLC | $375.4M | 15.04% |
| J.P. MORGAN SECURITIES LLC | $346.7M | 13.89% |
| GOLDMAN SACHS & CO. LLC | $304.2M | 12.18% |
| WELLS FARGO SECURITIES, LLC | $296.2M | 11.86% |
| CITIGROUP GLOBAL MARKETS INC. | $225.6M | 9.04% |
| RBC CAPITAL MARKETS, LLC | $113.0M | 4.52% |
| PARETO SECURITIES INC. | $109.4M | 4.38% |
| JEFFERIES LLC | $101.8M | 4.08% |
| MORGAN STANLEY & CO. LLC | $72.1M | 2.89% |
CrossingBridge Low Duration High Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| CBLDX | Institutional Class Shares | 0.86% | — |
| CBLVX | Retail Class Shares | 1.11% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.