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CM Advisors Fixed Income Fund
mutual fund
CMFIX
Payout Change
Pending
Price as of:
$11.19
+0.01
+0.09%
primary theme
U.S. Short-Term Bond Duration
share class
CMFIX (Mutual Fund)
CM Advisors Fixed Income Fund
Payout Change
Pending
Price as of:
$11.19
+0.01
+0.09%
primary theme
U.S. Short-Term Bond Duration
share class
CMFIX (Mutual Fund)
CM Advisors Fixed Income Fund
Payout Change
Pending
Price as of:
$11.19
+0.01
+0.09%
primary theme
U.S. Short-Term Bond Duration
share class
Name
As of 12/04/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
4.5%
1 yr return
6.3%
3 Yr Avg Return
4.1%
5 Yr Avg Return
3.0%
Net Assets
$27.2 M
Holdings in Top 10
31.9%
52 WEEK LOW AND HIGH
$11.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.50%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 37.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/04/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
CMFIX - Profile
Distributions
- YTD Total Return 4.5%
- 3 Yr Annualized Total Return 4.1%
- 5 Yr Annualized Total Return 3.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.33%
- Dividend Yield 3.8%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameCM Advisors Fixed Income Fund
-
Fund Family NameCM Advisors
-
Inception DateMar 24, 2006
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerArnold Van Den Berg
Fund Description
To meet its investment objective, the Fund invests primarily in U.S. dollar denominated fixed income securities that the Advisor believes are undervalued. The Fund may invest in all types of fixed income securities but will typically invest in fixed income securities such as corporate bonds, U.S. government securities and mortgage-backed securities. Under normal circumstances, at least 80% of the Fund’s net assets (including the amount of any borrowings for investment purposes) will be invested in fixed income investments, which include fixed income securities and shares of other registered investment companies (“RICs”) that invest primarily in fixed income securities. Fund shareholders will be provided with at least 60 days’ prior notice of any change in the foregoing policy.
While the Advisor considers potential income from fixed income securities (interest payments to be made on bonds and notes) when evaluating possible investments for the Fund, the Advisor’s primary criteria for fixed income securities relates to their appreciation potential. In selecting fixed income securities for the Fund, the Advisor generally:
| ● | Reviews the maturity, yield, and ratings from nationally recognized statistical rating organizations (e.g., Moody’s Investors Service, Inc. (“Moody’s”), S&P Global Ratings (“S&P”) or Fitch Ratings, Inc. (“Fitch”)) of a fixed income security, both independently and in relation to the Fund’s current portfolio; |
| ● | Analyzes the current and projected financial and economic conditions of the issuer and the market for its securities using proprietary research models; and |
| ● | Seeks to purchase fixed income securities that the Advisor believes (i) fit the desired mix of fixed income securities for the portfolio (e.g., the types of securities, maturities and yields then targeted for the Fund); and (ii) offer opportunities for price appreciation. |
The Fund may, without limitation, purchase fixed income securities of any credit quality, maturity, or yield. Accordingly, the Fund may hold fixed income securities that receive the highest ratings from Moody’s, S&P, Fitch or a similar rating agency, and fixed income securities that receive lower or the lowest ratings. There is no limitation on the number or amount of lower-rated fixed income securities, such as high-yield or junk bonds, that the Fund may purchase. The Fund may also, without limitation, purchase fixed income securities in any sector and issued by any size company, municipality or government body.
While the Fund’s primary focus is investing in fixed income securities, the Fund may invest in cash or cash equivalent positions (e.g., money market funds, short-term U.S. Government obligations, commercial paper, and repurchase agreements) when the Advisor believes the fixed income securities markets offer limited investment opportunity or are overpriced. At times the Fund may hold a significant portion of its assets in cash or cash equivalent positions for extended periods of time while the Advisor waits for the fixed income securities markets to offer more attractive opportunities.
CMFIX - Performance
Return Ranking - Trailing
| Period | CMFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.5% | 1.2% | 19.8% | 73.70% |
| 1 Yr | 6.3% | 2.5% | 21.2% | 45.30% |
| 3 Yr | 4.1%* | -5.0% | 6.0% | 1.75% |
| 5 Yr | 3.0%* | -3.8% | 5.9% | 7.20% |
| 10 Yr | 2.4%* | -18.7% | 170.5% | 16.91% |
* Annualized
Return Ranking - Calendar
| Period | CMFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.6% | -1.6% | 7.6% | 0.19% |
| 2022 | -4.9% | -17.7% | -2.6% | 6.46% |
| 2021 | 0.6% | -4.0% | 4.4% | 2.62% |
| 2020 | -0.7% | -7.1% | 7.6% | 95.27% |
| 2019 | 0.6% | -2.3% | 9.3% | 98.30% |
Total Return Ranking - Trailing
| Period | CMFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.5% | 1.2% | 19.8% | 73.70% |
| 1 Yr | 6.3% | 2.5% | 21.2% | 45.30% |
| 3 Yr | 4.1%* | -5.0% | 6.0% | 1.75% |
| 5 Yr | 3.0%* | -3.8% | 5.9% | 7.20% |
| 10 Yr | 2.4%* | -18.7% | 170.5% | 16.91% |
* Annualized
Total Return Ranking - Calendar
| Period | CMFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.4% | 1.8% | 15.2% | 0.58% |
| 2022 | -3.7% | -17.3% | -1.3% | 18.59% |
| 2021 | 1.3% | -2.7% | 7.7% | 16.10% |
| 2020 | 0.9% | -2.4% | 14.5% | 99.38% |
| 2019 | 4.2% | 0.6% | 12.6% | 70.43% |
NAV & Total Return History
CMFIX - Holdings
Concentration Analysis
| CMFIX | Category Low | Category High | CMFIX % Rank | |
|---|---|---|---|---|
| Net Assets | 27.2 M | 14.5 K | 57.3 B | 95.98% |
| Number of Holdings | 69 | 2 | 8314 | 90.04% |
| Net Assets in Top 10 | 8.74 M | 1.05 M | 6.81 B | 96.93% |
| Weighting of Top 10 | 31.85% | 2.0% | 108.1% | 29.89% |
Top 10 Holdings
- PHI GROUP, INC. 10.19%
- U.S. Treasury Notes 4.25%, Due 12/31/2024 3.63%
- Allspring Treasury Plus Money Market Fund Institutional Class 2.89%
- United Rentals North America, Inc. 5.500%, Due 05/15/2027 2.26%
- JPMORGAN CHASE CO FR 1.1% 06/22/26 1.1% due 06/22/2026 2.20%
- Georgia Power Company 2.20%, due 09/15/2024 2.18%
- Intel Corp. 4.875%, Due 02/10/2026 2.18%
- Exelon Corporation 7.6%, Due 04/01/2032 2.12%
- U.S. Treasury Inflation-Protected Security 2.10%
- ONEOK, Inc. 2.75%, Due 9/1/2024 2.09%
Asset Allocation
| Weighting | Return Low | Return High | CMFIX % Rank | |
|---|---|---|---|---|
| Bonds | 84.98% | 0.00% | 131.65% | 55.75% |
| Stocks | 10.19% | 0.00% | 99.96% | 8.81% |
| Cash | 4.83% | -20.59% | 68.64% | 28.54% |
| Preferred Stocks | 0.00% | 0.00% | 24.12% | 97.32% |
| Other | 0.00% | -0.97% | 73.75% | 93.10% |
| Convertible Bonds | 0.00% | 0.00% | 27.71% | 99.81% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | CMFIX % Rank | |
|---|---|---|---|---|
| Financial Services | 100.00% | 0.00% | 100.00% | 3.33% |
| Utilities | 0.00% | 0.00% | 81.48% | 100.00% |
| Technology | 0.00% | 0.00% | 24.45% | 100.00% |
| Real Estate | 0.00% | 0.00% | 8.31% | 100.00% |
| Industrials | 0.00% | 0.00% | 100.00% | 100.00% |
| Healthcare | 0.00% | 0.00% | 23.11% | 100.00% |
| Energy | 0.00% | 0.00% | 100.00% | 100.00% |
| Communication Services | 0.00% | 0.00% | 65.64% | 100.00% |
| Consumer Defense | 0.00% | 0.00% | 21.37% | 100.00% |
| Consumer Cyclical | 0.00% | 0.00% | 10.75% | 100.00% |
| Basic Materials | 0.00% | 0.00% | 22.71% | 100.00% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | CMFIX % Rank | |
|---|---|---|---|---|
| US | 10.19% | 0.00% | 99.96% | 8.81% |
| Non US | 0.00% | 0.00% | 2.07% | 96.17% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | CMFIX % Rank | |
|---|---|---|---|---|
| Government | 55.60% | 0.00% | 73.63% | 7.49% |
| Corporate | 19.18% | 0.00% | 99.82% | 79.08% |
| Cash & Equivalents | 2.89% | 0.00% | 68.64% | 37.74% |
| Derivative | 0.00% | -0.72% | 25.70% | 81.80% |
| Securitized | 0.00% | 0.00% | 97.27% | 99.62% |
| Municipal | 0.00% | 0.00% | 14.41% | 97.50% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | CMFIX % Rank | |
|---|---|---|---|---|
| US | 84.98% | 0.00% | 126.86% | 54.21% |
| Non US | 0.00% | 0.00% | 87.70% | 97.70% |
CMFIX - Expenses
Operational Fees
| CMFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.50% | 0.01% | 3.29% | 8.27% |
| Management Fee | 0.50% | 0.00% | 1.19% | 89.66% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.41% | 44.61% |
Sales Fees
| CMFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.50% | 5.75% | N/A |
| Deferred Load | N/A | 0.50% | 4.00% | N/A |
Trading Fees
| CMFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 67.91% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| CMFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 37.00% | 2.00% | 500.00% | 18.83% |
CMFIX - Distributions
Dividend Yield Analysis
| CMFIX | Category Low | Category High | CMFIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.83% | 0.00% | 11.11% | 15.71% |
Dividend Distribution Analysis
| CMFIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| CMFIX | Category Low | Category High | CMFIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.33% | -1.27% | 4.98% | 7.41% |
Capital Gain Distribution Analysis
| CMFIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 30, 2024 | $0.107 | OrdinaryDividend |
| Jun 28, 2024 | $0.111 | OrdinaryDividend |
| Mar 28, 2024 | $0.109 | OrdinaryDividend |
| Dec 28, 2023 | $0.096 | OrdinaryDividend |
| Sep 29, 2023 | $0.207 | OrdinaryDividend |
| Jun 30, 2023 | $0.088 | OrdinaryDividend |
| Mar 31, 2023 | $0.074 | OrdinaryDividend |
| Dec 29, 2022 | $0.050 | OrdinaryDividend |
| Sep 30, 2022 | $0.039 | OrdinaryDividend |
| Jun 30, 2022 | $0.025 | OrdinaryDividend |
| Mar 31, 2022 | $0.021 | OrdinaryDividend |
| Sep 30, 2021 | $0.025 | OrdinaryDividend |
| Jun 30, 2021 | $0.026 | OrdinaryDividend |
| Mar 31, 2021 | $0.032 | OrdinaryDividend |
| Dec 30, 2020 | $0.044 | OrdinaryDividend |
| Sep 30, 2020 | $0.044 | OrdinaryDividend |
| Jun 30, 2020 | $0.040 | OrdinaryDividend |
| Mar 31, 2020 | $0.047 | OrdinaryDividend |
| Dec 30, 2019 | $0.053 | OrdinaryDividend |
| Sep 30, 2019 | $0.050 | OrdinaryDividend |
| Jun 28, 2019 | $0.063 | OrdinaryDividend |
| Mar 29, 2019 | $0.075 | OrdinaryDividend |
| Dec 31, 2018 | $0.082 | OrdinaryDividend |
| Dec 31, 2018 | $0.002 | CapitalGainShortTerm |
| Dec 31, 2018 | $0.059 | CapitalGainLongTerm |
| Sep 28, 2018 | $0.078 | OrdinaryDividend |
| Jun 29, 2018 | $0.074 | OrdinaryDividend |
| Mar 29, 2018 | $0.066 | OrdinaryDividend |
| Dec 29, 2017 | $0.069 | OrdinaryDividend |
| Dec 29, 2017 | $0.132 | CapitalGainLongTerm |
| Sep 29, 2017 | $0.068 | OrdinaryDividend |
| Jun 30, 2017 | $0.068 | OrdinaryDividend |
| Mar 31, 2017 | $0.085 | OrdinaryDividend |
| Dec 30, 2016 | $0.088 | OrdinaryDividend |
| Dec 30, 2016 | $0.015 | CapitalGainShortTerm |
| Dec 30, 2016 | $0.019 | CapitalGainLongTerm |
| Sep 30, 2016 | $0.090 | OrdinaryDividend |
| Jun 30, 2016 | $0.095 | OrdinaryDividend |
| Mar 31, 2016 | $0.095 | OrdinaryDividend |
| Dec 31, 2015 | $0.076 | OrdinaryDividend |
| Dec 31, 2015 | $0.018 | CapitalGainLongTerm |
| Sep 30, 2015 | $0.038 | OrdinaryDividend |
| Jun 30, 2015 | $0.035 | OrdinaryDividend |
| Mar 31, 2015 | $0.038 | OrdinaryDividend |
| Dec 31, 2014 | $0.038 | OrdinaryDividend |
| Dec 31, 2014 | $0.054 | CapitalGainLongTerm |
| Sep 30, 2014 | $0.035 | OrdinaryDividend |
| Jun 30, 2014 | $0.036 | OrdinaryDividend |
| Mar 31, 2014 | $0.039 | OrdinaryDividend |
| Dec 31, 2013 | $0.035 | OrdinaryDividend |
| Dec 31, 2013 | $0.004 | CapitalGainLongTerm |
| Sep 30, 2013 | $0.032 | OrdinaryDividend |
| Jun 28, 2013 | $0.034 | OrdinaryDividend |
| Mar 28, 2013 | $0.037 | OrdinaryDividend |
| Dec 31, 2012 | $0.042 | OrdinaryDividend |
| Dec 31, 2012 | $0.010 | CapitalGainShortTerm |
| Dec 31, 2012 | $0.130 | CapitalGainLongTerm |
| Sep 28, 2012 | $0.038 | OrdinaryDividend |
| Jun 29, 2012 | $0.048 | OrdinaryDividend |
| Mar 30, 2012 | $0.045 | OrdinaryDividend |
| Dec 30, 2011 | $0.046 | OrdinaryDividend |
| Dec 30, 2011 | $0.260 | CapitalGainShortTerm |
| Dec 30, 2011 | $0.027 | CapitalGainLongTerm |
| Sep 30, 2011 | $0.050 | OrdinaryDividend |
| Jun 30, 2011 | $0.056 | OrdinaryDividend |
| Mar 31, 2011 | $0.054 | OrdinaryDividend |
| Dec 31, 2010 | $0.045 | OrdinaryDividend |
| Dec 31, 2010 | $0.103 | CapitalGainShortTerm |
| Sep 30, 2010 | $0.055 | OrdinaryDividend |
| Jun 30, 2010 | $0.078 | OrdinaryDividend |
| Mar 31, 2010 | $0.080 | OrdinaryDividend |
| Dec 31, 2009 | $0.080 | OrdinaryDividend |
| Sep 30, 2009 | $0.080 | OrdinaryDividend |
| Jun 30, 2009 | $0.085 | OrdinaryDividend |
| Mar 31, 2009 | $0.078 | OrdinaryDividend |
| Mar 31, 2009 | $0.043 | CapitalGainShortTerm |
| Dec 31, 2008 | $0.085 | OrdinaryDividend |
| Nov 14, 2008 | $0.614 | CapitalGainShortTerm |
| Nov 14, 2008 | $0.084 | CapitalGainLongTerm |
| Sep 30, 2008 | $0.065 | OrdinaryDividend |
| Jun 30, 2008 | $0.015 | OrdinaryDividend |
| Mar 31, 2008 | $0.045 | OrdinaryDividend |
| Dec 28, 2007 | $0.120 | OrdinaryDividend |
| Sep 28, 2007 | $0.180 | OrdinaryDividend |
| Jun 29, 2007 | $0.170 | OrdinaryDividend |
| Dec 28, 2006 | $0.466 | OrdinaryDividend |
CMFIX - Fund Manager Analysis
Managers
Arnold Van Den Berg
Start Date
Tenure
Tenure Rank
Oct 17, 2011
10.63
10.6%
Mr. Arnold Van Den Berg is Chief Executive Officer, Co-Chief Investment Officer, Portfolio Manager and a Principal of Van Den Berg Management I, Inc. Mr. Arnold Van Den Berg founded the Van Den Berg Management I, Inc in 1974 and has worked in the investment management business since 1968. Mr. Brilliant has served as co-manager of the CM ADVISORS FIXED INCOME FUND for the periods from the Fund’s inception to 2009 and from 2015 to the present.
James Brilliant
Start Date
Tenure
Tenure Rank
Sep 30, 2015
6.67
6.7%
Mr. Brilliant is Chief Financial Officer, Co-Chief Investment Officer and Portfolio Manager of at Van Den Berg Management I, Inc. He has been employed by Van Den Berg Management I, Inc since 1986. Brilliant has investment management and financial analysis experience and has served as co-portfolio manager or a member of an investment committee. Brilliant holds the Chartered Financial Analyst designation.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.07 | 28.77 | 6.16 | 2.41 |
