CRM Funds / International Opportunity
Fund
INTERNATIONAL OPPORTUNITY FUND
The CRM International Opportunity Fund began in December 2008.
|
$7
million
|
Milu Komer |
| Ticker |
Inception |
Cusip |
Net Expense Ratio1 |
Gross Expense Ratio |
Current Assets |
Minimum Investment |
| CRIIX |
12/31/2008 |
12628J709 |
1.25% |
12.63% |
$5 million |
$1,000,000 |
| CRMIX |
12/31/2008 |
12628J808 |
1.50% |
12.88% |
$2 million |
$2,500 |
The International Opportunity Fund is designed for an investor to capture investment returns in stocks beyond national boundaries, excluding 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 International Opportunity Fund, under normal circumstances, invests at least 80% of its assets in a diversified portfolio of equity and equity related securities of foreign companies. The Fund normally invests in the securities of companies that are tied economically to at least 10 countries, other than 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 fund 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 06/30/10)
Holdings subject to change
|
Cosan SA
|
2.15%
|
|
Standard Chartered plc
|
2.01%
|
|
Vale SA
|
1.97%
|
|
Impala Platinum Holdings, Ltd.
|
1.94%
|
|
Petroleo Brasileiro SA
|
1.90%
|
|
Santen Pharmaceutical Co., Ltd.
|
1.76%
|
|
Seadrill Limited
|
1.72%
|
|
Sampo Oyj
|
1.72%
|
|
Suncor Energy, Inc.
|
1.72%
|
|
Komatsu Ltd.
|
1.71%
|
|
TOTAL
|
18.6%
|
Most Recent Fund Distribution - 2009
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: 12/14/2009
- Ex-Date: 12/15/2009
- Payment Date: 12/16/2009
| Name |
Short Term |
Long Term |
Ordinary Income |
Total |
| CRM International Opportunity Fund |
| Institutional Class |
$0.466970 |
- |
$0.057430 |
$0.524400 |
| Investor Class |
$0.466970 |
- |
$0.037050 |
$0.054020 |
View historical distribution information.
N/A
Performance (as of 06/30/10)
Annual Returns
| Year |
International
Opportunity |
MSCI EAFE |
| 2009 |
46.84 |
31.78 |
Annual Returns
| Year |
International
Opportunity |
MSCI EAFE |
| 2009 |
46.43 |
31.78 |
Annualized Returns
| Year |
International
Opportunity |
MSCI EAFE |
|
Q2'10
|
-11.48
|
-13.97
|
|
YTD |
-7.92
|
-13.23
|
|
1 Yr |
18.09
|
5.92
|
|
ICD |
22.35
|
9.37
|
Annualized Returns
| Year |
International
Opportunity |
MSCI EAFE |
|
Q2'10
|
-11.50
|
-13.97
|
|
YTD |
-8.00
|
-13.23
|
|
1 Yr |
17.86
|
5.92
|
|
ICD |
22.05
|
9.37
|
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 International Opportunity Fund is
the ratio listed in the CRM Funds Prospectus, dated October 28, 2009. This figure
will fluctuate over time. CRM has a contractual obligation to waive a portion of
fees through November 1, 2010 and to assume certain expenses. Performance would
have been lower in the absence of fee waivers and expense reimbursements.