CRM Funds / Small/Mid Cap Value Fund
SMALL/MID CAP VALUE FUND
The CRM Small/Mid Cap Value Fund began in September 2004.
|
$415 million |
Jay Abramson & Chip Rewey |
| Ticker |
Inception |
Cusip |
Net Expense Ratio1 |
Gross Expense Ratio |
Current Assets |
Minimum Investment |
|
CRIAX
|
9/1/2004 |
92934R116 |
0.93%
|
0.93%
|
$371 million |
$1,000,000 |
| CRMAX |
9/1/2004 |
92934R124 |
1.18%
|
1.18%
|
$44 million |
$2,500 |
The Small/Mid 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 2500 Value Index or in the S&P MidCap 400/Citigroup Value Index (together, “small/mid cap companies”) that are publicly traded on a U.S. securities market.
The market capitalization ranges of the Russell 2500 Value Index and/or the S&P MidCap 400/Citigroup Value Index change constantly, and as a result, the capitalization of small/mid cap companies in which the Small/Mid Cap Value Fund will invest will also change. As of September 30, 2009, the market capitalization range of the Russell 2500 Value Index was approximately $37 million to $9.97 billion and the market capitalization range of the S&P MidCap 400/Citigroup Value Index was approximately $344 million to $6.56 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/Mid Cap Value Mutual Fund. This Fund typically will be invested in 50 to 60 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. Compared to mutual funds that focus exclusively on large capitalization companies, shares of the Fund may be more volatile because they invest in small and/or mid capitalization companies. Small and mid capitalization companies are likely to have more limited product lines, fewer capital resources and less depth of management than larger companies.
Top Ten Equity Holdings (as of 06/30/10)
Holdings are subject to change
|
Stanley Black & Decker, Inc.
|
3.35%
|
|
The Cooper Companies, Inc.
|
2.90%
|
|
Syniverse Holdings, Inc.
|
2.80%
|
|
Albemarle Corporation
|
2.68%
|
|
Interpublic Group of Companies
|
2.47%
|
|
Greif, Inc.
|
2.46%
|
|
Avery Dennison Corporation
|
2.42%
|
|
C. R. Bard, Inc.
|
2.41%
|
|
Monster Worldwide, Inc.
|
2.40%
|
|
CIGNA Corporation
|
2.33%
|
|
TOTAL
|
26.22%
|
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 Small/Mid Cap Value Fund |
| Institutional Class |
- |
- |
$0.013510 |
$0.013510 |
| Investor Class |
- |
- |
- |
none |
View historical distribution information.
Performance (as of 06/30/10)
Annual Returns
| Year |
Small/Mid
Cap Value |
Russell
2500V |
Russell
2500 |
| 2009 |
27.49 |
27.68 |
34.39 |
| 2008 |
-31.36 |
-31.99 |
-36.79 |
| 2007 |
8.49 |
-7.27 |
1.38 |
| 2006 |
19.35 |
20.18 |
16.17 |
| 2005 |
6.76 |
7.74 |
8.11 |
Annual Returns
| Year |
Small/Mid
Cap Value |
Russell
2500V |
Russell
2500 |
| 2009 |
27.07 |
27.68 |
34.39 |
| 2008 |
-31.47 |
-31.99 |
-36.79 |
| 2007 |
8.16 |
-7.27 |
1.38 |
| 2006 |
19.16 |
20.18 |
16.17 |
| 2005 |
6.41 |
7.74 |
8.11 |
Annual Returns
Annualized Returns
| Year |
Small/Mid
Cap Value |
Russell
2500V |
Russell
2500 |
|
Q2'10
|
-12.71
|
-10.16
|
-9.98
|
|
YTD |
-5.41
|
-1.57
|
-1.69
|
|
1 Yr |
14.05
|
26.46
|
24.03
|
|
3 Yr |
-7.95
|
-9.26
|
-7.98
|
|
5 Yr |
2.84
|
-0.09
|
0.98
|
|
ICD |
5.07
|
3.22
|
4.05
|
Annualized Returns
| Year |
Small/Mid
Cap Value |
Russell
2500V |
Russell
2500 |
|
Q2'10
|
-12.73
|
-10.16
|
-9.98
|
|
YTD |
-5.45
|
-1.57
|
-1.69
|
|
1 Yr |
13.82
|
26.46
|
24.03
|
|
3 Yr |
-8.17
|
-9.26
|
-7.98
|
|
5 Yr |
2.60
|
-0.09
|
0.98
|
|
ICD |
4.82
|
3.22
|
4.05
|
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. The performance data reflects fee
waivers, without which performance would have been lower. For most recent month-end
performance, please click here.
1 The net expense ratio for the CRM Small/Mid Cap Value Fund is the ratio
listed in the CRM Funds Prospectus, dated October 28, 2009. This figure will fluctuate
over time.