CRM Mid Cap Value Inv
CRMMX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- New York, NY 10022 New York NY United States of America 10022
- IPO Date
- Sep 19, 2000
- CIK
- 0001322252
- Website
- crmfunds.com
- Similar Companies
- Business
- CRM Mid Cap Value Fund Investor Class (CRMMX) is an open-end mutual fund that seeks long-term capital appreciation by investing at least 80% of its assets in a diversified portfolio of equity and equity-related securities of mid-cap companies with market capitalizations similar to those in the Russell Midcap Value Index, publicly traded on U.S. securities markets. The fund employs a bottom-up fundamental analysis approach, supported by an experienced team of investment professionals, to select 35 to 50 stocks deemed undervalued due to change, neglect, or misunderstanding by other investors; key holdings as of late 2024 include First American Financial Corporation, NiSource Inc., Truist Financial Corporation, Ashland Inc., and Vontier Corporation, with sector allocations emphasizing financials, industrials, information technology, materials, and real estate. It benchmarks performance against the Russell Midcap Value Index and Russell 3000 Total Return Index, maintaining characteristics such as a weighted average market cap of approximately $21.6 billion, active share of 94%, and integration of environmental, social, and governance (ESG) factors into the investment process. Managed by Cramer Rosenthal McGlynn, LLC (CRM), a value equity specialist founded in 1973 and headquartered at 300 First Stamford Place, Suite 440, Stamford, Connecticut, the fund operates within CRM's small- and mid-cap value strategies serving institutional and individual investors across the United States. CRM, with over 50 years of track record in identifying intrinsic business value, manages total assets of approximately $353 million for the Mid Cap Value strategy as of December 2024, distributed through ALPS Distributors, Inc.. The Investor Class shares, with a net expense ratio of 1.20% and minimum initial investment of $2,500, were launched on September 20, 2000, alongside the Institutional Class (CRIMX) inception in January 1998. In recent developments, CRM's current generation of employees completed a 100% management buyout in 2019, repurchasing the firm without third-party debt to enhance alignment with clients, retain talent, and focus resources on value-oriented strategies. Portfolio managers Kevin Chin (26 years at CRM) and Robert Maina (19 years at CRM) lead the strategy, with Chin joining Maina in April 2024 to continue CRM's time-tested philosophy originating from its 1973 founding partners. The fund reported year-to-date returns of 8.72% through December 31, 2024, amid ongoing portfolio optimization and preliminary 2025 capital gains distribution estimates of $1.30 per share for the Investor Class.