CBRDX Fees and Costs — CrossingBridge Responsible Credit Fund, Institutional Class Shares
Data updated: 2026-08-26
The net expense ratio is 0.90% (1.24% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $389 in broker commissions, 0.0011% of average net assets, and portfolio turnover was 135%.
CBRDX Fees and Expenses
Annual operating expenses and sales charges of CBRDX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 1.24% |
| Fee waiver | −0.34% |
| Net expense ratio | 0.90% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
CBRDX Costs Over Time
On $10,000 invested in CBRDX, assuming 5% a year before costs, total costs come to $565 over 5 years, cutting the return by 0.95% 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 0.90%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $15 | $52 |
| Total costs | $95 | $310 | $565 |
| Value after costs | $10,405 | $11,266 | $12,198 |
| Impact on return, per year | 0.95% | 0.95% | 0.95% |
CBRDX 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): 0.0011%
- Total broker commissions: $389
- Bought from dealers (principal trades, not a cost): $29.9M
- Portfolio turnover (prospectus): 135%
- Securities lending: none during the year
CBRDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $389 | 100.00% |
CBRDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES INC. | $20.6M | 18.73% |
| PARETO SECURITIES INC. | $15.7M | 14.23% |
| GOLDMAN SACHS & CO. LLC | $14.7M | 13.38% |
| WELLS FARGO SECURITIES, LLC | $14.0M | 12.73% |
| J.P. MORGAN SECURITIES LLC | $13.0M | 11.80% |
| JEFFERIES LLC | $7.7M | 6.97% |
| PERSHING LLC | $7.3M | 6.61% |
| CITIGROUP GLOBAL MARKETS INC. | $7.2M | 6.54% |
| NORDEA SECURITIES LLC | $5.4M | 4.93% |
| MARKET AXESS INC. | $4.5M | 4.08% |
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.