CBUDX Fees and Costs — CrossingBridge Ultra-Short Duration Fund, Institutional Class Shares
Data updated: 2026-08-26
The net expense ratio is 0.92%. There are no sales loads or redemption fees. Portfolio turnover was 164%.
CBUDX Fees and Expenses
Annual operating expenses and sales charges of CBUDX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | — |
| Fee waiver | — |
| Net expense ratio | 0.92% |
| 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 |
CBUDX Costs Over Time
On $10,000 invested in CBUDX, assuming 5% a year before costs, total costs come to $576 over 5 years, cutting the return by 0.97% 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 0.92%) | $97 | $302 | $524 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $97 | $317 | $576 |
| Value after costs | $10,403 | $11,260 | $12,186 |
| Impact on return, per year | 0.97% | 0.97% | 0.97% |
CBUDX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.1B
- Portfolio turnover (prospectus): 164%
- Securities lending: none during the year
CBUDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MARKET AXESS INC. | $73.8M | 17.22% |
| BOFA SECURITIES INC. | $65.4M | 15.26% |
| PERSHING LLC | $62.1M | 14.50% |
| GOLDMAN SACHS & CO. LLC | $50.2M | 11.72% |
| J.P. MORGAN SECURITIES LLC | $50.0M | 11.67% |
| WELLS FARGO SECURITIES, LLC | $46.7M | 10.90% |
| RBC CAPITAL MARKETS, LLC | $28.8M | 6.71% |
| CITIGROUP GLOBAL MARKETS INC. | $25.0M | 5.84% |
| BARCLAYS CAPITAL INC. | $17.3M | 4.05% |
| JEFFERIES LLC | $9.1M | 2.12% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.