Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 12/06/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
22.4%
1 yr return
29.6%
3 Yr Avg Return
18.4%
5 Yr Avg Return
12.0%
Net Assets
$173 M
Holdings in Top 10
31.3%
Expense Ratio 1.21%
Front Load N/A
Deferred Load N/A
Turnover 59.00%
Redemption Fee N/A
Standard (Taxable)
$2,500
IRA
$1,000
Fund Type
Open End Mutual Fund
Name
As of 12/06/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Fund, under normal circumstances, invests at least 80% of its assets 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 Russell 2500 Value Index or in the S&P Mid Cap 400 Value Index (together, “small/mid cap companies”) that are publicly traded on a U.S. securities market. The market capitalization ranges of the Indices 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, 2024, the market capitalization range of the Russell 2500 Value Index was approximately $11.38 million to $36.03 billion, and the market capitalization range of the S&P Mid Cap 400 Value Index was approximately $1.62 billion to $58.92 billion. For purposes of the 80% investment policy, equity and equity related securities include: common and preferred stocks, and warrants on common stock.
The Adviser evaluates investment opportunities for the Fund using a proprietary value-oriented process that seeks to identify companies characterized by three attributes: change, neglect and relative valuation. The Adviser seeks to identify those changes that are material to a company’s operations, outlook and prospects while also identifying companies that it believes have been neglected by other investors. The Adviser utilizes a primarily qualitative research process focused on these attributes to identify and invest in relatively undervalued companies. These factors formulate the Adviser’s investment case for each company under consideration for investment. The Adviser’s process is focused not only on building the investment case, but also on understanding how the case might deteriorate. The Adviser’s sell discipline is ultimately dependent upon the written investment case for the stock. A position generally will be sold when one or more of the following occurs: (i) an established price target is approaching or is attained, implying the stock has reached an estimation of fair valuation; (ii) a factor in the initial investment thesis has deteriorated causing the Adviser to reassess the potential for the company; or (iii) the Adviser identifies what it believes is a more promising investment opportunity. After a decision to sell is made, the investment generally is replaced by either a new idea or existing holdings which the Adviser believes offers greater upside.
Period | CRMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 22.4% | -5.0% | 49.8% | 32.58% |
1 Yr | 29.6% | 5.1% | 58.1% | 28.90% |
3 Yr | 18.4%* | -19.0% | 19.7% | 52.01% |
5 Yr | 12.0%* | 0.3% | 22.1% | 39.08% |
10 Yr | 9.4%* | 2.8% | 13.0% | 37.14% |
* Annualized
Period | CRMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 8.0% | -12.9% | 28.8% | 79.60% |
2022 | -16.1% | -52.6% | 20.1% | 28.29% |
2021 | -6.8% | -43.8% | 32.4% | 95.92% |
2020 | 6.6% | -10.6% | 82.1% | 69.49% |
2019 | 22.3% | -8.5% | 37.5% | 57.37% |
Period | CRMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 22.4% | -5.0% | 49.8% | 32.58% |
1 Yr | 29.6% | 5.1% | 58.1% | 28.90% |
3 Yr | 18.4%* | -19.0% | 19.7% | 52.01% |
5 Yr | 12.0%* | 0.3% | 22.1% | 39.08% |
10 Yr | 9.4%* | 2.8% | 13.0% | 37.14% |
* Annualized
Period | CRMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 8.8% | 1.2% | 31.3% | 95.18% |
2022 | -10.9% | -45.7% | 21.1% | 16.29% |
2021 | 27.0% | -30.2% | 52.8% | 26.53% |
2020 | 13.0% | -8.4% | 84.3% | 50.45% |
2019 | 25.7% | 1.0% | 43.4% | 72.12% |
CRMAX | Category Low | Category High | CRMAX % Rank | |
---|---|---|---|---|
Net Assets | 173 M | 728 K | 175 B | 70.99% |
Number of Holdings | 45 | 1 | 2780 | 80.56% |
Net Assets in Top 10 | 54.6 M | 402 K | 15.4 B | 65.07% |
Weighting of Top 10 | 31.32% | 0.5% | 100.0% | 28.25% |
Weighting | Return Low | Return High | CRMAX % Rank | |
---|---|---|---|---|
Stocks | 97.98% | 0.86% | 100.25% | 67.89% |
Cash | 2.01% | 0.00% | 99.07% | 38.03% |
Other | 0.17% | 0.00% | 51.08% | 16.90% |
Preferred Stocks | 0.00% | 0.00% | 11.12% | 98.31% |
Convertible Bonds | 0.00% | 0.00% | 1.78% | 98.31% |
Bonds | 0.00% | 0.00% | 72.71% | 98.31% |
Weighting | Return Low | Return High | CRMAX % Rank | |
---|---|---|---|---|
Industrials | 22.27% | 0.00% | 45.89% | 8.76% |
Financial Services | 21.20% | 0.00% | 46.10% | 7.06% |
Technology | 12.18% | 0.00% | 40.65% | 82.49% |
Consumer Cyclical | 9.64% | 2.49% | 46.48% | 72.32% |
Basic Materials | 8.62% | 0.00% | 16.35% | 7.63% |
Energy | 6.81% | 0.00% | 58.13% | 28.53% |
Real Estate | 5.26% | 0.00% | 25.82% | 69.49% |
Healthcare | 5.17% | 0.00% | 24.06% | 92.94% |
Consumer Defense | 4.77% | 0.00% | 32.18% | 30.79% |
Utilities | 4.06% | 0.00% | 18.97% | 47.46% |
Communication Services | 0.00% | 0.00% | 30.98% | 99.44% |
Weighting | Return Low | Return High | CRMAX % Rank | |
---|---|---|---|---|
US | 97.98% | 0.86% | 100.25% | 60.56% |
Non US | 0.00% | 0.00% | 10.11% | 98.31% |
CRMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.21% | 0.03% | 19.40% | 35.41% |
Management Fee | 0.75% | 0.00% | 1.50% | 79.60% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.30% | 2.10% |
CRMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
CRMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
CRMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 59.00% | 0.00% | 304.00% | 68.04% |
CRMAX | Category Low | Category High | CRMAX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.31% | 0.00% | 29.78% | 63.38% |
CRMAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
CRMAX | Category Low | Category High | CRMAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.83% | -2.06% | 3.38% | 25.78% |
CRMAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 05, 2024 | $0.035 | OrdinaryDividend |
Dec 05, 2024 | $1.597 | CapitalGainLongTerm |
Dec 07, 2023 | $0.067 | OrdinaryDividend |
Dec 07, 2023 | $0.000 | CapitalGainLongTerm |
Dec 08, 2022 | $0.630 | OrdinaryDividend |
Dec 09, 2021 | $0.173 | OrdinaryDividend |
Dec 09, 2021 | $2.079 | CapitalGainShortTerm |
Dec 09, 2021 | $1.887 | CapitalGainLongTerm |
Dec 10, 2020 | $0.737 | OrdinaryDividend |
Dec 12, 2019 | $0.021 | OrdinaryDividend |
Dec 12, 2019 | $0.295 | CapitalGainLongTerm |
Dec 13, 2018 | $0.541 | CapitalGainShortTerm |
Dec 13, 2018 | $1.207 | CapitalGainLongTerm |
Dec 14, 2017 | $3.592 | CapitalGainLongTerm |
Dec 08, 2016 | $0.296 | OrdinaryDividend |
Dec 10, 2015 | $1.469 | CapitalGainLongTerm |
Dec 11, 2014 | $0.838 | CapitalGainShortTerm |
Dec 11, 2014 | $2.639 | CapitalGainLongTerm |
Dec 11, 2014 | $0.097 | OrdinaryDividend |
Dec 12, 2013 | $0.925 | CapitalGainShortTerm |
Dec 12, 2013 | $1.328 | CapitalGainLongTerm |
Dec 12, 2013 | $0.016 | OrdinaryDividend |
Dec 12, 2012 | $0.076 | CapitalGainShortTerm |
Dec 12, 2012 | $0.127 | CapitalGainLongTerm |
Dec 12, 2012 | $0.088 | OrdinaryDividend |
Dec 14, 2011 | $0.262 | CapitalGainShortTerm |
Dec 14, 2011 | $0.899 | CapitalGainLongTerm |
Dec 14, 2010 | $0.000 | OrdinaryDividend |
Dec 17, 2008 | $0.050 | OrdinaryDividend |
Dec 17, 2007 | $0.483 | CapitalGainShortTerm |
Dec 17, 2007 | $0.427 | CapitalGainLongTerm |
Dec 17, 2007 | $0.012 | OrdinaryDividend |
Dec 18, 2006 | $0.568 | CapitalGainShortTerm |
Dec 18, 2006 | $0.280 | CapitalGainLongTerm |
Dec 15, 2005 | $0.066 | CapitalGainShortTerm |
Dec 15, 2005 | $0.031 | CapitalGainLongTerm |
Dec 15, 2005 | $0.011 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Aug 01, 2016
5.83
5.8%
Thad joined the firm in 2003 and his primary role is a research analyst in CRMs investment group. Prior to CRM, he spent three years as an analyst in Corporate Finance at Lehman Brothers. Thad received a BS from Yale University and is a Level II candidate for the CFA.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.25 | 38.44 | 7.3 | 5.78 |
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