CRM Funds / Large Cap Opportunity Fund
LARGE CAP OPPORTUNITY FUND
The CRM Large Cap Opportunity Fund began in December 2005.
|
$47 million |
Jay Abramson |
| Ticker |
Inception |
Cusip |
Net Expense Ratio1 |
Gross Expense Ratio |
Current Assets |
Minimum Investment |
| CRIGX |
12/1/2005 |
12628J105 |
0.90%
|
1.19%
|
$30 million |
$1,000,000 |
| CRMGX |
12/1/2005 |
12628J204 |
1.15%
|
1.44%
|
$17 million |
$2,500 |
The Large Cap 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 non-U.S. companies with market capitalizations at the time of initial purchase similar to those in the Russell 1000 Value Index (“mid/large cap companies”) that are publicly traded on a U.S. securities market.
The market capitalization range of the Russell 1000 Value Index changes constantly, and as a result, the capitalization of mid/large cap companies in which the Large Cap Opportunity Fund will invest will also change. As of September 30, 2009, the market capitalization range of the Russell 1000 Value Index was from approximately $360 million to $345 billion.
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 Large Cap Opportunity Fund. This Fund typically will be invested in 45 to 55 stocks. Although the Fund is built from the bottom up, stock-specific risks, sector weightings and risk/reward characteristics are all taken into account in the portfolio construction process.
Principal investment risks: The Fund invests in value stocks which can perform differently from the market on whole and may continue to be undervalued for long periods of time.
Top Ten Equity Holdings (as of 06/30/10)
Holdings are subject to change
|
Tyco International Ltd.
|
4.49%
|
|
Viacom, Inc.
|
4.17%
|
|
Stanley Black & Decker, Inc.
|
3.34%
|
|
Coca-Cola Enterprises, Inc.
|
3.02%
|
|
Covidien plc
|
2.65%
|
|
Google, Inc.
|
2.63%
|
|
United Technologies Corporation
|
2.61%
|
|
Wells Fargo & Company
|
2.59%
|
|
Air Products & Chemicals, Inc.
|
2.55%
|
|
Exxon Mobil Corporation
|
2.50%
|
|
TOTAL
|
30.55%
|
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 Large Cap Opportunity Fund |
| Institutional Class |
- |
- |
$0.061840 |
$0.061840 |
| Investor Class |
- |
- |
$0.041610 |
$0.041610 |
View historical distribution information.
Performance (as of 06/30/10)
Annual Returns
| Year |
Large Cap
Opportunity |
Russell
1000V |
Russell
1000 |
| 2009 |
22.42 |
19.69 |
28.43 |
| 2008 |
-34.16 |
-36.86 |
-37.60 |
| 2007 |
7.80 |
-0.17 |
5.77 |
| 2006 |
16.94 |
22.25 |
15.46 |
Annual Returns
| Year |
Large Cap
Opportunity |
Russell
1000V |
Russell
1000 |
| 2009 |
22.05 |
19.69 |
28.43 |
| 2008 |
-34.36 |
-36.86 |
-37.60 |
| 2007 |
7.55 |
-0.17 |
5.77 |
| 2006 |
16.62 |
22.25 |
15.46 |
Annual Returns
Annualized Returns
| Year |
Large Cap
Opportunity |
Russell
1000V |
Russell
1000 |
|
Q2'10
|
-13.56
|
-11.15
|
-11.44
|
|
YTD |
-10.76
|
-5.12
|
-6.40
|
|
1 Yr |
3.42
|
16.92
|
15.24
|
|
3 Yr |
-10.92
|
-12.32
|
-9.54
|
|
ICD |
-2.12
|
-2.74
|
-1.86
|
Annualized Returns
| Year |
Large Cap
Opportunity |
Russell
1000V |
Russell
1000 |
|
Q2'10
|
-13.58
|
-11.15
|
-11.44
|
|
YTD |
-10.79
|
-5.12
|
-6.40
|
|
1 Yr |
3.20
|
16.92
|
15.24
|
|
3 Yr |
-11.15
|
-12.32
|
-9.54
|
|
ICD |
-2.36
|
-2.74
|
-1.86
|
Annualized Returns
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 Large Cap 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. Effective July 1, 2010,
CRM has reduced its contractual expense cap on the Institutional Shares for the
Large Cap Opportunity Fund from 1.25% to 0.90% and from 1.50% to 1.15% for Investor
Shares. In addition, CRM has also voluntarily agreed to waive or cap certain fees.
This agreement may change or end at any time. Performance would have been lower
in the absence of fee waivers and expense reimbursements.