WHY INVEST IN THIS FUND?
The Fund’s strategy seeks to achieve its Objective by primarily investing in fixed income and fixed income-like securities consistent with capital preservation. Our goal is to limit both credit and interest rate risk while focusing on bottom-up investing opportunities. Under normal market conditions, the Fund will pursue a duration of 1 or less.
Given the prolonged ultra-low rate environment, investors have struggled finding solutions that offer attractive yields for their excess cash and/or ultra-short term fixed income allocation, without taking undue risk. Especially within an ultra-short duration portfolio, CrossingBridge stresses preservation of capital rather than chasing yield. We manage the portfolio to mitigate risk and accept the yield of the market commensurate with maturity. The Fund has the flexibility to invest in fixed income securities without restriction as to issuer credit quality, capitalization, or security maturity. The Fund will invest in securities that are primarily denominated in U.S. dollars by issuers domiciled in developed markets.
Fund Managers
DAVID K. SHERMAN
CIO
T. KIRK WHITNEY, CFA
Sr.Portfolio Manager
Michael DeKler
Portfolio Manager
| Month-End as of January 31, 2026 | Annualized | ||||||
| 1 Month | 3 Months | 6 Month | YTD | 1 Year | 3 Year | Since Inception | Market Price | 0.76% | -0.61% | 1.22% | 0.76% | 4.80% | 5.01% | 4.68% |
| Fund NAV | 0.47% | 1.10% | 3.28% | 0.47% | 6.86% | 5.79% | 5.18% |
| ICE BofA 0-1 Year U.S. Corporate Index | 0.36% | 1.10% | 2.37% | 0.36% | 4.70% | 5.33% | 3.77% |
| ICE BofA 0-1 Year U.S. Treasury Index | 0.27% | 0.98% | 2.18% | 0.27% | 4.24% | 4.83% | 3.53% |
| ICE BofA 0-3 Year U.S. Fixed Rate Asset Backed Securities Index | 0.38% | 1.26% | 2.65% | 0.38% | 5.12% | 5.41% | 3.31% |
| Quarter-End as of December 31, 2025 | Annualized | ||||||
| 1 Month | 3 Months | 6 Month | YTD | 1 Year | 3 Year | Since Inception | Market Price | -1.79% | -0.43% | 0.73% | 4.49% | 4.49% | 5.03% | 4.59% |
| Fund NAV | 0.51% | 1.87% | 2.98% | 6.85% | 6.85% | 5.87% | 5.17% |
| ICE BofA 0-1 Year U.S. Corporate Index | 0.37% | 1.09% | 2.33% | 4.79% | 4.79% | 5.40% | 3.76% |
| ICE BofA 0-1 Year U.S. Treasury Index | 0.38% | 1.04% | 2.20% | 4.32% | 4.32% | 4.85% | 3.53% |
| ICE BofA 0-3 Year U.S. Fixed Rate Asset Backed Securities Index | 0.42% | 1.16% | 2.47% | 5.19% | 5.19% | 5.54% | 3.29% |
PERFORMANCE DISCLOSURES
Prior to January 28, 2026, the Fund pursued a different principal investment strategy, investing primarily in shares of common stock and units of special purpose acquisitions companies (“SPACs”) that have yet to consummate a shareholder-approved merger or business combination. Updated performance information is available on this website or by calling the Fund toll free at 888-898-2780.
The ICE BofA 0-1 Year U.S. Corporate Index tracks the performance of short-maturity U.S. dollar denominated investment grade corporate debt publicly issued in the U.S. domestic market.
The ICE BofA 0-1 Year U.S. Treasury Index tracks the performance of U.S. dollar denominated sovereign debt publicly issued by the U.S. government in its domestic market with maturities less than a year.
The ICE BofA 0-3 Year U.S. Fixed Rate Asset Backed Securities Index is a subset of ICE BofA U.S. Fixed Rate Asset Backed Securities Index including all securities with an average life less than 3 years.
| CUSIP | Ticker | Name | Shares Held | Market Value | Percentage Of Net Assets |
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