CrossingBridge Responsible Credit Fund Institutional Class · NASDAQ:CBRDX
CrossingBridge Responsible Credit Fund Institutional Class — CrossingBridge Nordic High Income Bond Fund — Debt Investor Presentation (September 2025)
22 slides from CrossingBridge Responsible Credit Fund Institutional Class's debt investor presentation, Sep 30, 2025
Slide 1: CrossingBridge Nordic High Income Bond Fund (NRDCX)
CrossingBridge Nordic High Income Bond Fund (NRDCX) September 30, 2025
Slide 2: CrossingBridge Advisors, LLC
CrossingBridge Advisors, LLC Company CrossingBridge Advisors, LLC (“CrossingBridge”) was founded in December 2016 by David Sherman. ENDI Corp. (Ticker: ENDI), which is a publicly-listed company, is the controlling shareholder of CrossingBridge Advisors, LLC. As of September 30, 2025, the assets unde
Slide 3: CrossingBridge Strategies & Products
CrossingBridge Strategies & Products Primary Strategy Focus Event- High Investment Stressed / driven Strategies Products Yield Grade Distressed & Value Equity Ultra-Short CrossingBridge Ultra-Short Duration Fund (CBUDX) RiverPark Short Term High Yield Fund* (RPHIX/RPHYX) Term Separately Managed Acco
Slide 4: Credit Analysis Process
Credit Analysis Process o Competitive Advantage o Capital Structure L FIN o Supply/Demand DE AN o Debt/ EBITDA-Cap Ex O CI o Barriers to Entry M A o Interest Coverage S o Profitability Measures o Liquidity and Working Capital S L NE AN o Pricing Power and Control o Sales & Margin Trends SI AL o Nega
Slide 5: CrossingBridge Nordic High Income Bond Fund
CrossingBridge Nordic High Income Bond Fund
Slide 6: Executive Summary
Executive Summary Nordic High Yield Market is a platform for Nordic, European, and US lower middle market 1 The Market and middle market borrowers to access the public debt markets as an alternative to direct lenders and BDCs • Increased Yield for Lower Credit Risk: Nordic bonds currently earn highe
Slide 7: CrossingBridge Nordic High Income Bond Fund Description
Crossingbridge Nordic High Income Bond Fund Description Objective Approach The CrossingBridge Nordic High Income Bond Fund In what may seem like a niche-y and esoteric market (NRDCX) seeks high current income and capital in which to invest, the Nordics are an established, appreciation consistent wit
Slide 8: Performance Comparison
Performance Comparison Inception: 9/30/2024 Month-End as of September 30, 2025 Annualized Since 1 Month 3 Month 6 Month YTD 1 Year 3 Year 5 Year Inception NRDCX 0.22% 1.90% 4.15% 5.82% 7.78% - - 7.78% ICE BofA High Yield Index (H0A0) 0.76% 2.40% 6.06% 7.06% 7.23% - - 7.23% ICE BofA Global Floating R
Slide 9: Investment Categories – Nordic High Income
Investment Categories – Nordic High Income Core Credit Short Term/Event Driven Value Opportunities • Debt that has an expected maturity • Securities that we believe hold • Securities where total return is of 90 days or less. limited credit risk and provide above- unrelated to general movements in ma
Slide 10: Portfolio Snapshot (9/30/25)
Portfolio Snapshot1 (9/30/25) CrossingBridge Nordic High Income Bond Fund Category YTW YTM Category YTW YTM Weight Duration Duration Short Term/Event Driven 24.54% 4.73% 1.10 4.79% 2.16 Core Value2 62.50% 8.24% 0.74 8.72% 2.81 Credit Opportunities 2.89% 14.97% 1.89 14.97% 1.89 Invested Portfolio 89.
Slide 11: CrossingBridge Nordic High Income Bond Fund – Core Value
CrossingBridge Nordic High Income Bond Fund – Core Value NRDCX Core Value1 Portfolio Economic value (as of 9/30/25) $40,638,765 Number of Positions 51 NRDCX Core US Markets3 Dollar-weighted Average2 HY - BBs HY - Bs Leveraged Loans Gross Leverage 4.7x 3.8x 4.8x 5.3x Net Leverage 3.9x 3.3x 4.3x 4.6x
Slide 12: Spread & Effective Maturity Distribution (9/30/25)
Spread & Effective Maturity Distribution1 (9/30/25) 40% 800 700 600 30% 500 Avg YTW Spread (bps) % of Portfolio 400 20% 300 200 10% 100 0 0% -100 < 3 months 3-6 months 6 months - 1 yr 1 - 2 yrs 2 - 4 yrs > 4 Years Fixed Floating Zero Coupon Avg YTW Spread 1 Calculated as a percentage of invested ass
Slide 13: YTW & Effective Maturity Distribution (9/30/25)
YTW & Effective Maturity Distribution (9/30/25) CrossingBridge ICE BofA Global ICE BofA 3-7 Year Nordic High ICE BofA High Floating Rate U.S. Treasury Index Income Bond Fund Yield Index (H0A0) Index (HFLT) (G30C) (Total Portfolio) Yield (%) Yield to Worst 7.13% 4.98% 6.73% 3.75% Yield to Maturity 7.
Slide 14: Yield to Worst vs. Duration to Worst (9/30/25)
Yield to Worst vs. Duration to Worst (9/30/25) CrossingBridge ICE BofA High ICE BofA 3-7 Year ICE BofA Global Nordic High Income Yield Index U.S. Treasury Index Floating Rate Index Bond Fund (H0A0) (G30C) (HFLT) (Total Portfolio) Yield to Worst 7.13% 6.73% 3.75% 4.98% Yield to Worst Duration 0.79 3.
Slide 15: NRDCX Portfolio as of 9/30/2025
NRDCX Portfolio as of 9/30/2025 Portfolio Holdings by Security Portfolio Holdings by Secured Unsecured Currency 59.1% 40.9% SEK USD 20% 17% Top Countries of Domicile Sweden Norway 28% 26% NOK EUR 29% 34% Germany 14% Others Netherlands 19% Bermuda 7% Portfolio by Coupon 6% Type1 Top 5 Sector2 exposur
Slide 16: CrossingBridge Organizational Chart
CrossingBridge Organizational Chart Spencer Michael Kirk David Bruce Jonathan Steven Rolfe De Kler Whitney Sherman Falbaum Berg Shachat Portfolio Portfolio Portfolio CIO Director of Head Trader & Portfolio Manager Manager Manager Research Senior Analyst Manager Experience: 8+ yrs Experience: 20+ yrs
Slide 17: CrossingBridge Investment Team
CrossingBridge Investment Team Dates Position* Experience Education David 1996–Present CIO CrossingBridge Advisors and Affiliates Washington Sherman 1992–1996 Vice President Leucadia National Corporation University, B.S., 1987 1987–1992 Various investment positions and its subsidiaries Bruce 2010–Pr
Slide 18: CrossingBridge Investment Team
CrossingBridge Investment Team Dates Position* Experience Education Steven 2016–Present Portfolio Manager CrossingBridge Advisors and Affiliates Boston University, Shachat 2002–2016 Senior Portfolio Manager Alpine Mutual Funds B.S., 1983 1998–2002 Senior Portfolio Manager Evergreen Investment Mgmt.
Slide 19: CrossingBridge Operations Team
CrossingBridge Operations Team Dates Position* Experience Education Jonathan 2004–Present CFO & CCO CrossingBridge Advisors and Affiliates Indiana University, Barkoe 1995–2004 Senior Accountant Raines & Fischer, LLP B.S., 1995 Baruch College, M.S. Taxation, 1999 CPA, 1997 John 2024–Present Executive
Slide 20: Risk Considerations
Risk Considerations This Presentation must be preceded or accompanied by a prospectus. Please click here for the most current prospectus. Past results may not be indicative of future performance. The information in this presentation has been obtained or derived from sources believed to be reliable b
Slide 21: Risk Considerations
Risk Considerations Opinions expressed are those of CrossingBridge, are subject to change at any time, are not guaranteed and should not be considered investment advice. CrossingBridge Advisors, LLC is the Advisor to the CrossingBridge Nordic High Income Fund which is distributed by Quasar Distribut
Slide 22: Contact Information
Contact Information CrossingBridge Advisors, LLC 427 Bedford Road, Suite 220 Pleasantville, NY 10570 (914) 741-1515 www.crossingbridgefunds.com John Conner Executive Vice President Direct: 914-496-0829 jconner@crossingbridge.com
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