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Thoughts on CUSD- Crossingbridge ultra short duration ETF

fundly
in Other Investing
I reviewed the recent filing and pretty much gathered the name and direction of the ETF would change. It began trading on Jan 28. The holdings seem to be still a majority of SPAC's held by the prior fund. My guess is most will be sold off in due time to make way for other ultra short positions. Will the ETF mirror CBUDX the MF with the same name? What will happen if anything to CBUDX?. The duration is stated to be under 1 year on the ETF. Will the SD and other risk factors mirror CBUDX? The AUM is tiny now. Would you wait until most of the new positions are in the fund to get a better idea of its holdings? Would you wait until it reaches about 100 mill AUM prior to investing which would negate it being closed ,in most cases? I could not find answers on the company site to the first 3 questions above. If anyone including Mr Sherman is able to give us insight into the above,it woud be very helpful. I currently own CBUDX, CBLDX, RSIIX, RPHIX in my fixed income sleeve and have been very happy with them ,with 6 figures invested. I first found out about these funds early on ,on this site and would like to thank Prof. Snowball for highlighting them. Any thoughts on the above would be appreciated.

Comments

  • yogibearbullyogibearbull
    ETF SPC (09/2021- ) has changed name, ticker & objectives as CUSD (01/2026- ).

    SPC invested in the niche area of pre-merger SPACs. A new SPAC has to find a viable business within 2 years or return the money to investors. Pre-merger SPC counted on money being returned. Now that SPAC business has disappeared - although there is some new activity - it was just a matter of time that SPC was liquidated or changed.
  • gman57
    edited 4:30PM
    I don't know much about any of the above. I just remember "SPAC's" from various financial articles a year or so ago. The gist from what I remember (downtown Josh Brown etc...) is stay away from SPAC's. I do invest in CBLDX and this post is going to make me do more research on CBLDX holdings. So far from what I can find CBLDX can only allocate 20% of assets to SPAC's, preferred stocks and income equities. Also SPAC's 4.0 (regulations enacted June 2025 ) were enacted to better control SPAC's.

    Per AI: "Bottom Line: For institutional players like CBLDX, SPACs are used as "low-risk" cash management tools during the pre-merger phase. For individuals holding through the merger, they remain among the riskiest ways to play the public markets"
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