CRM Funds / Global Opportunity Fund
GLOBAL OPPORTUNITY FUND
The CRM Global Opportunity Fund began in December 2008.
|
$40
million
|
Jay Abramson & Milu Komer |
| Ticker |
Inception |
Cusip |
Net Expense Ratio1 |
Gross Expense Ratio |
Current Assets |
Minimum Investment |
| CRIWX |
12/31/2008 |
12628J501 |
1.25% |
1.39% |
$38 million |
$1,000,000 |
| CRMWX |
12/31/2008 |
12628J600 |
1.50% |
1.63% |
$2 million |
$2,500 |
The Global Opportunity Fund is designed for an investor to capture investment returns in stocks beyond national boundaries, including the U.S., with a market capitalization of greater than $1 billion (USD). This fund embraces the CRM investment philosophy, primarily focusing on neglect and valuation.
The Global Opportunity Fund, under normal circumstances, invests at least 80% of its assets in a diversified portfolio of equity and equity related securities of U.S. and foreign companies. The Fund normally invests in the securities of companies that are tied economically to at least 10 countries, including the U.S. The Fund may invest in companies located in developed and emerging markets.
Supported by an experienced team of investment professionals, the portfolio manager makes judgments about the relative attractiveness of various securities in selecting stocks for the fund. This fund typically will be invested in 50 to 70 stocks. Although the portfolio is built from the bottom up, stock-specific risks, country and sector exposures, as well as risk/reward characteristics are all taken into account in the fund construction process.
Principal investment risks: The Fund invests in foreign securities, including emerging markets. This involves special risks such as greater social, economic, regulatory, and political uncertainties, and currency fluctuation. The Fund may at times also invest in small and mid capitalization companies which may be more volatile due to limited product lines, fewer capital resources and less depth of management than larger companies.
Top Ten Equity Holdings (as of 03/28/13)
Holdings are subject to change
|
Pentair Ltd.
|
3.03%
|
|
Dover Corporation
|
3.00%
|
|
Tyco International Ltd.
|
2.91%
|
|
Pfizer, Inc.
|
2.31%
|
|
Linde AG
|
2.15%
|
|
Eaton Corporation plc
|
2.11%
|
|
BMC Software, Inc.
|
2.10%
|
|
Automatic Data Processing, Inc.
|
2.08%
|
|
Technip SA
|
2.05%
|
|
Croda International plc
|
2.00%
|
|
TOTAL
|
23.74%
|
Most Recent Fund Distribution - 2012
As a shareholder of a Fund, you are entitled to dividends and other distributions arising from net investment income and net realized gains, if any, earned on the investments held by the Funds. Dividends and distributions, if any, are declared and paid annually to you. Each Fund expects to distribute any net realized gains once a year.
Distributions are payable to the shareholders of record at the time the distributions are declared (including holders of shares being redeemed, but excluding holders of shares being purchased). All distributions are reinvested in additional Fund shares unless you have elected to receive the distributions in cash.
- Date of Record: 12/11/2012
- Ex-Date: 12/12/2012
- Payment Date: 12/13/2012
| Name |
Short Term |
Long Term |
Ordinary Income |
Total |
| CRM Global Opportunity Fund |
| Institutional Class |
- |
- |
- |
- |
| Investor Class |
- |
- |
- |
- |
View historical distribution information.
N/A
Performance (as of
03/28/13)
Annual Returns
|
Year |
Global
Opportunity
|
MSCI World
|
|
2012
|
16.92
|
15.83 |
|
2011
|
-19.07
|
-5.54 |
|
2010
|
23.88
|
11.76 |
|
2009
|
44.80
|
29.99 |
Annual Returns
|
Year |
Global
Opportunity
|
MSCI World
|
|
2012
|
16.61
|
15.83
|
|
2011
|
-19.25
|
-5.54
|
|
2010
|
23.58
|
11.76
|
|
2009
|
44.27
|
29.99
|
Annualized Returns
|
Year |
Global
Opportunity
|
MSCI World
|
|
Q1'13
|
7.45
|
7.73
|
|
YTD |
7.45
|
7.73
|
|
1 Yr |
8.77
|
11.85
|
|
ICD |
15.20
|
13.52
|
Annualized Returns
|
Year |
Global
Opportunity
|
MSCI World
|
|
Q1'13
|
7.38
|
7.73
|
|
YTD |
7.38
|
7.73
|
|
1 Yr |
8.55
|
11.85
|
|
ICD |
14.91
|
13.52
|
The information on the Funds’ performance represent past performance, which
does not guarantee future results. If you invest in a Fund, your investment return
and principal value will fluctuate, so that your shares, when redeemed, may be worth
more or less than their original cost. The Funds’ current performance may
be lower or higher than the performance above. For most recent month-end performance,
please click here.
1 The net expense ratio for the CRM Global Opportunity Fund is the ratio
listed in the CRM Funds Prospectus, dated October 26, 2012. This figure will fluctuate
over time. CRM has a contractual obligation to waive a portion of fees through November
1, 2013 and to assume certain expenses. Performance would have been lower in the
absence of fee waivers and expense reimbursements.