| Ticker | Inception | CUSIP | Net Expense Ratio1 | Gross Expense Ratio | Current Assets | Minimum Investment | |
|---|---|---|---|---|---|---|---|
| Institutional | CRIAX | September 1, 2004 | 92934R116 | 1.02% | 1.02% | $209 million | $1,000,000 |
| Investor | CRMAX | September 1, 2004 | 92934R124 | 1.19% | 1.19% | $24 million | $2,500 |
¹The net expense ratio for the CRM Small/Mid Cap Value Fund is the ratio listed in the CRM Funds Prospectus, dated October 27, 2023. This figure will fluctuate over time.
CRM Small/Mid Cap Value Fund seeks long-term capital appreciation. The CRM 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 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 Value Index change constantly, and as a result, the capitalization of small/mid cap companies in which the Fund will invest will also change. As of September 30, 2023, the market capitalization range of the Russell 2500 Value Index was approximately $31 million to $19 billion and the market capitalization range of the S&P MidCap 400 Value Index was approximately $1.4 billion to $37 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 Fund. This Fund typically will be invested in 35 to 50 stocks. Although the Fund is built from the bottom up, stock-specific risks, sector weightings and risk/reward characteristics are all considered during the portfolio construction process.
As of December 31, 2023
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.
| Burlington Stores, Inc. | 3.9% |
| Terreno Realty Corporation | 3.6% |
| Ashland, Inc. | 3.4% |
| Webster Financial Corporation | 3.1% |
| Arcosa, Inc. | 3.1% |
| Hub Group, Inc. | 3.1% |
| Sun Communities, Inc. | 3.0% |
| Clean Harbors, Inc. | 2.9% |
| Moelis & Company | 2.9% |
| Skyline Champion Corporation | 2.8% |
| Total | 31.7% |
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). Distributions are reinvested in additional Fund shares unless you have elected to receive the distributions in cash.
| Short Term | Long Term | Ordinary Income | Total | |
|---|---|---|---|---|
| Institutional Class | $0.00 | $0.0004 | $0.0855 | $0.0859 |
| Investor Class | $0.00 | $0.0004 | $0.0674 | $0.0678 |
As of March 31, 2024
| Year | Small/Mid Cap Value | Russell 2500 Value Index | Russell 2500 Index |
| Q1’24 | 7.56 | 6.07 | 6.92 |
| YTD | 7.56 | 6.07 | 6.92 |
| 1 Yr | 15.29 | 21.33 | 21.43 |
| 3 Yr | 5.48 | 5.36 | 2.97 |
| 5 Yr | 10.27 | 9.38 | 9.90 |
| 10 Yr | 8.43 | 7.68 | 8.84 |
| ICD | 9.57 | 8.63 | 9.63 |
| Year | Small/Mid Cap Value | Russell 2500 Value Index | Russell 2500 Index |
| Q1’24 | 7.53 | 6.07 | 6.92 |
| YTD | 7.53 | 6.07 | 6.92 |
| 1 Yr | 15.09 | 21.33 | 21.43 |
| 3 Yr | 5.29 | 5.36 | 2.97 |
| 5 Yr | 10.07 | 9.38 | 9.90 |
| 10 Yr | 8.21 | 7.68 | 8.84 |
| ICD | 9.34 | 8.63 | 9.63 |
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.
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.