CRM Funds / Small Cap Value Fund
SMALL CAP VALUE FUND
The CRM Small Cap Value Fund began in October 1995.
| $601 million |
Mike Caputo & Kevin Chin |
| Ticker |
Inception |
Cusip |
Net Expense Ratio2 |
Gross Expense Ratio |
Current Assets |
Minimum Investment |
|
CRISX
|
1/27/1998 |
92934R785 |
0.86%
|
0.86%
|
$425 million |
$1,000,000 |
|
CRMSX
|
10/1/1995 |
92934R793 |
1.11%
|
1.11%
|
$176 million |
$2,500 |
The Small Cap Value Fund, under normal circumstances, invests at least 80% of its assets in a diversified portfolio of equity and equity related securities of companies with market capitalizations at the time of initial purchase similar to those in the Russell 2000 Value Index (“small cap companies”) that are publicly traded on a U.S. securities market.
The market capitalization range of the Russell 2000 Value Index changes constantly, and as a result, the capitalization of small cap companies in which the Small Cap Value Fund will invest will also change. As of September 30, 2006, the market capitalization range of the Russell 2000 Value Index was approximately $236 million to $4 billion.
Supported by an experienced team of investment professionals, the portfolio managers make judgments about the relative attractiveness of various securities in selecting stocks for the Small Cap Value Mutual Fund. This Fund typically will be invested in 55 to 65 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.
Top Ten Equity Holdings (as of 12/31/07)
| Barnes Group Inc. |
3.6% |
| Greif, Inc. |
3.4% |
| Compass Minerals International |
3.2% |
| Tween Brands Inc. |
3.1% |
| Investors Bancorp Inc |
3.1% |
| Interline Brands, Inc |
3.0% |
| Range Resources Corp. |
2.9% |
| Regal Beloit Corp |
2.9% |
| Insight Enterprises Inc |
2.8% |
| G & K Services Inc |
2.6% |
| TOTAL |
30.6% |
Most Recent Fund Distribution - 2007
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: 12/14/2007
- Ex-Date: 12/17/2007
- Payment Date: 12/18/2007
| Name |
Short Term |
Long Term |
Ordinary Income |
Total |
| CRM Small Cap Value Fund |
| Institutional Class |
$0.89171 |
$2.98646 |
$0.12477 |
$4.00294 |
| Investor Class |
$0.89171 |
$2.98646 |
$0.05312 |
$3.93129 |
View historical distribution information.
Performance (as of 03/31/08)
Annual Returns
| Year |
Small Cap Value |
Russell 2000V |
Russell 2000 |
| 2007 |
-3.12 |
-9.78 |
-1.57 |
| 2006 |
14.75 |
23.48 |
18.37 |
| 2005 |
10.64 |
4.71 |
4.55 |
| 2004 |
18.11 |
22.25 |
18.33 |
| 2003 |
48.68 |
46.03 |
47.25 |
| 2002 |
-17.60 |
-11.43 |
-20.48 |
| 2001 |
26.48 |
14.02 |
2.49 |
| 2000 |
18.37 |
22.83 |
-3.02 |
Annual Returns
| Year |
Small Cap Value |
Russell 2000V |
Russell 2000 |
| 2007 |
-3.39 |
-9.78 |
-1.57 |
| 2006 |
14.46 |
23.48 |
18.37 |
| 2005 |
10.39 |
4.71 |
4.55 |
| 2004 |
17.83 |
22.25 |
18.33 |
| 2003 |
48.33 |
46.03 |
47.25 |
| 2002 |
-17.83 |
-11.43 |
-20.48 |
| 2001 |
26.34 |
14.02 |
2.49 |
| 2000 |
18.01 |
22.83 |
-3.02 |
Annualized Returns
| Year |
Small Cap Value |
Russell 2000V |
Russell 2000 |
|
Q1'08
|
-3.82
|
-6.53
|
-9.90
|
|
YTD |
-3.82
|
-6.53
|
-9.90
|
|
1 Yr |
-9.16
|
-16.88
|
-13.00
|
|
3 Yr |
6.85
|
4.33
|
5.06
|
|
5 Yr |
17.04
|
15.45
|
14.90
|
|
ICD |
9.68
|
8.51
|
6.22
|
|
Q1'08
|

 |
|
YTD |


 |
|
1 Yr |


 |
|
3 Yr |


 |
|
5 Yr |


 |
|
ICD |


 |
|
|
|
-

Small Cap
Value
-

Russell
2000V
-

Russell
2000
Annualized Returns
| Year |
Small Cap Value |
Russell 2000V |
Russell 2000 |
|
Q1'08
|
-3.87
|
-6.53
|
-9.90
|
|
YTD |
-3.87
|
-6.53
|
-9.90
|
|
1 Yr |
-9.42
|
-16.88
|
-13.00
|
|
3 Yr |
6.58
|
4.33
|
5.06
|
|
5 Yr |
16.75
|
15.45
|
14.90
|
|
ICD |
12.67
|
10.95
|
7.95
|
|
Q1'08
|

 |
|
YTD |


 |
|
1 Yr |


 |
|
3 Yr |


 |
|
5 Yr |


 |
|
ICD |


 |
|
|
|
-

Small Cap
Value
-

Russell
2000V
-

Russell
2000