| Ticker | Inception | CUSIP | Net Expense Ratio1 | Gross Expense Ratio | Current Assets | |
|---|---|---|---|---|---|---|
| Institutional | CRIHX | August 16, 2016 | 12628J881 | 2.27% | 2.43% | $185 million |
¹ The net expense ratio for the CRM Long/Short Opportunities Fund is the ratio listed in the CRM Funds Prospectus, dated October 28, 2024. This figure will fluctuate over time. CRM has a contractual obligation to waive a portion of its fees and to assume certain expenses of the Fund to the extent that the total annual fund operating expenses, excluding taxes, extraordinary expenses, brokerage commissions, interest, dividend and interest expenses related to short sales, and acquired fund fees and expenses, exceed 1.60% of average daily net assets of Institutional Shares. This expense limitation is in effect until November 1, 2025. Prior to that date, the arrangement may be terminated only by the vote of the Board of Trustees of the Fund.
CRM Long/Short Opportunities Fund seeks long-term capital appreciation. The CRM Long/Short Opportunities Fund, under normal circumstances, invests at least 80% of its assets in long and short positions in equity and equity related securities of U.S. and non-U.S. companies with market capitalizations at the time of initial purchase within the range of those in the S&P 500 Index that are publicly traded on a U.S. securities market.
Supported by an experienced team of investment professionals, the portfolio managers make judgements about the relative attractiveness of various securities in selecting stocks for the Fund. This Fund typically will be invested in 30-40 long positions and 35-50 short positions. Although the Fund is built from the bottom up, stock-specific risks, sector weightings, and risk/reward characteristic are all considered during the portfolio construction process.
As of December 31, 2024
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.
| Champion Homes, Inc. | 3.3% |
| ACV Auctions, Inc. | 3.3% |
| Broadcom, Inc. | 3.0% |
| First American Financial Corporation | 2.9% |
| Hayward Holdings, Inc. | 2.8% |
| Canadian Pacific Kansas City Ltd. | 2.8% |
| Vontier Corporation | 2.3% |
| Masimo Corporation | 2.3% |
| Eagle Materials, Inc. | 2.2% |
| Bank of Hawaii Corporation | 2.2% |
| Total | 27.3% |
As of December 31, 2024
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.
| Consumer Staples | -1.4% |
| Consumer Discretionary | -1.1% |
| Health Care | -1.1% |
| Industrials | -0.8% |
| Consumer Discretionary | -0.8% |
| Industrials | -0.8% |
| Consumer Discretionary | -0.8% |
| Industrials | -0.7% |
| Consumer Discretionary | -0.6% |
| Industrials | -0.6% |
| Total | -8.9% |
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 | -- | $0.9177 | $0.1282 | $1.0459 |
As of March 31, 2025
| Year | Long/Short Opportunities | S&P 500 |
| Q1’25 | -9.70 | -4.27 |
| YTD | -9.70 | -4.27 |
| 1 Yr | -4.24 | 8.25 |
| 3 Yr | -4.00 | 9.06 |
| 5 Yr | 8.37 | 18.59 |
| ICD | 4.60 | 13.56 |
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.