CRM Large Cap Opportunity

Assets Under Management: $85 million as of September 30, 2018

Ticker Inception CUSIP Net Expense Ratio1 Gross Expense Ratio Current Assets Minimum Investment
Institutional CRIGX December 1, 2005 12628J105 0.66% 0.80% $76 million $1,000,000
Investor CRMGX December 1, 2005 12628J204 0.91% 1.05% $9 million $2,500

¹The net expense ratio for the CRM Large Cap Opportunity Fund is the ratio listed in the CRM Funds Prospectus, dated October 26, 2018. This figure will fluctuate over time. CRM has a contractual obligation to waive a portion of fees through November 1, 2019 and to assume certain expenses. This agreement may change or end at any time. Performance would have been lower in the absence of fee waivers and expense reimbursements.

Summary

CRM Large Cap Opportunity Fund seeks long-term capital appreciation. The CRM 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, 2018, the market capitalization range of the Russell 1000 Value Index was from approximately $604 million to $878 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 Large Cap Opportunity Fund. This Fund typically will be invested in 35 to 45 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 September 30, 2018

It should not be assumed that the holdings presented have been profitable or will in the future be profitable. Holdings are subject to change at any time without notice.

Danaher Corporation4.8%
Microsoft Corporation3.7%
Bank of America Corporation3.5%
DXC Technology Company3.3%
United Technologies Corporation 3.3%
Wells Fargo & Co.3.2%
Broadcom, Inc.3.1%
Allergan plc3.1%
NextEra Energy, Inc. 3.1%
Occidental Petroleum Corporation3.0%
Total34.1%

Most Recent Funds Distribution-2018 Estimated Distributions

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.

Distribution amounts in the table below are preliminary estimates. Please refer to final distribution amounts for tax purposes.

 

CRM Large Cap Opportunity Fund

  • Date of Record: December 12, 2018
  • Ex-Date: December 13, 2018
  • Payment Date: December 14, 2018
Short Term Long Term Ordinary Income Total
Institutional Class $0.2819 $0.5221 $0.0958 $0.8998
Investor Class $0.2819 $0.5221 $0.0958 $0.8998

Performance

As of September 30, 2018

Institutional

Annualized Returns (%)

YearLarge Cap OpportunityRussell 1000 Value IndexRussell 1000 Index
Q3'184.265.707.42
YTD4.373.9210.49
1 Yr10.119.4517.76
3 Yr13.0013.5417.05
5 Yr10.4210.7113.66
10 Yr9.239.7812.08
ICD7.457.519.16

Investor

Annualized Returns (%)

YearLarge Cap OpportunityRussell 1000 Value IndexRussell 1000 Index
Q3'184.165.707.42
YTD4.163.9210.49
1 Yr9.859.4517.76
3 Yr12.7413.5417.05
5 Yr10.1410.7113.66
10 Yr8.969.7812.08
ICD7.197.519.16

The performance above 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 of less than their original cost. The Fund’s current performance may be lower or higher than the performance above. For most recent month-end performance, please click here.

Shares of CRM Funds are distributed by ALPS Distributors, Inc.

Cramer Rosenthal McGlynn, LLC is the investment advisor to the CRM Funds and is not affiliated with ALPS.

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.

Mutual Fund investing involves market risk and it is possible to lose money in a fund. Value-based investments are subject to the risk that the broad market may not recognize their intrinsic values.

The Russell 1000 Value Index is an unmanaged index that measures the performance of those companies in the Russell 1000 Index with lower price-to-book ratios and lower forecasted growth values. It is not possible to invest directly in an index. The Russell 1000 Index is an unmanaged index that measures the performance of the 1000 largest companies in the Russell 3000 Index. The Russell 3000 Index measures the performance of the 3,000 largest U.S. companies based on total market capitalization. It is not possible to invest directly in an index.

You should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. Before making an investment, please download a prospectus containing all the information about the Funds or call 800.276.2883. You should read the prospectus carefully before investing.