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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 February 1
    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"
  • fundly
    Thanks for the above comments. Anyone else? Mr. David Sherman? Prof. Snowball?
  • Observant1
    Why not go straight to the source with your questions?
    Prior reports on MFO indicate that CrossingBridge is very responsive to investor inquiries.
    An email address for contacting the firm was posted on MFO but I don't currently have this information.
    The phone number listed on their website is (914) 741-1515.
  • TheShadowTheShadow
    edited February 3
    I agree with Observant1. The Crossingbridge team is very receptive.

    See this post:

    https://www.mutualfundobserver.com/discuss/discussion/62505/crossingbridge-nordic-high-income-bond-fund-in-registration/p1

    Except:

    For those curious or impatient to learn more, feel free to reach out to [email protected] to set up a call for a discussion on the Nordic debt market.
  • fundly
    John Conner ,who I have spoken to in the past ,is a customer service person. Mr. David Sherman,the manager, who monitors this board and has responded to questions in the past is the most capable ,IMHO to answer the above questions and I hope he does so. If not I will attempt to contact him but calls to Crossingbridge usually refer callers to John Conner. Also this ETF, CUSD has little to do with the Nordic fund which is a completely different animal.
  • TheShadowTheShadow
    Yes, but I copied the contact information from the Nordic fund link so you could see it.
  • fundly
    Thanks @shadow for your effort. I do hope Sherman will see this post and answer the questions but if not ,the other route is an option which I have used in the past. Thanks again!
  • JConn_CrossingBridge
    @fundly - feel free to e-mail me and I'm more than happy to setup some time to talk. I reviewed your questions above and all very straightforward that I can address for you.
  • davidsherman
    Folks. It has been some time since I logged in. My engagement is limited in public forums and social media as lines can be blurred between an "advisory marketing" or just me chatting. I am happy to communicate on a one off basis via e-mail: [email protected] and David Snowball can always host a call which we will Q&A or you can hang into the CrossingBridge quarterly webinars. Hopefully, I can figure a better outcome than current practice for 2026.

    Also, John Conner is Exec VP overseeing CrossingBridge matters - we just don't let him invest. Kirk Whitney is a good contact for the investment team in addition to me

    Best, David
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