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CGMFX CGM Focus

  • Fund
  • CGMFX
  • Price as of: Oct 13, 2017
  • $51.84
  • + $0.19
  • + 0.37%
  • Category
  • Large Cap Blend Equities

CGMFX - Profile

Vitals

  • YTD Return 21.3%
  • 3 Yr Annualized Return 9.3%
  • 5 Yr Annualized Return 13.6%
  • Net Assets $993 M
  • Holdings in Top 10 131.5%

52 WEEK LOW AND HIGH

$51.84
$35.25
$52.60

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.45%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 334.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Investment Themes

CATEGORY

Large Cap Blend Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Blend

Distributions

  • YTD Total Return 21.3%
  • 3 Yr Annualized Total Return 9.3%
  • 5 Yr Annualized Total Return 13.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.13%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name CGM Focus Fund
  • Fund Family Name CGM
  • Inception Date Sep 03, 1997
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager G. Kenneth Heebner

Fund Description

The CGM Focus Fund (CGMFX) is an actively managed high-conviction fund. It’s primary objective is the aggressive growth of investor capital. CGMFX bets and trades large- and mid-cap stocks that management believes to have the correct set of attributes. The portfolio does quickly churn through its position holdings and has a very high turnover rate.

Given the fact that CGMFX is expensive versus its peers, this is a position best suited as a tactical play.

CGMFX - Performance

Return Ranking - Trailing

Period CGMFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 21.3% -92.6% 31.0% 1.03% 1
1 Yr 43.3% -51.7% 43.3% 0.07% 1
3 Yr 9.3% * -14.4% 16.3% 41.88% 3
5 Yr 13.6% * -0.6% 17.9% 36.42% 2
10 Yr 1.0% * 0.9% 14.4% 98.34% 5

* Annualized


Return Ranking - Calendar

Period CGMFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 9.0% -37.7% 186.3% 19.22% 1
2015 -4.1% -46.9% 11.2% 36.74% 3
2014 1.4% -51.7% 38.1% 59.80% 4
2013 37.6% -88.0% 42.8% 3.13% 1
2012 14.2% -100.0% 25.9% 25.94% 2

Total Return Ranking - Trailing

Period CGMFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 21.3% -92.6% 31.0% 1.03% 1
1 Yr 43.3% -52.5% 142.7% 0.22% 1
3 Yr 9.3% * -5.3% 57.6% 36.33% 2
5 Yr 13.6% * -0.6% 17.9% 32.01% 2
10 Yr 1.0% * 0.9% 14.4% 98.44% 5

* Annualized


Total Return Ranking - Calendar

Period CGMFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 9.0% -36.6% 190.6% 25.89% 2
2015 -4.1% -40.3% 20.1% 75.97% 5
2014 1.4% -24.8% 100.1% 92.60% 5
2013 37.6% -93.4% 1119.1% 55.40% 3
2012 14.2% -100.0% 282.8% 82.41% 5

NAV & Total Return History

CGMFX - Holdings

Filings data as of: Jun 30, 2017

Concentration Analysis

CGMFX Category Low Category High CGMFX % Rank Quintile
Net Assets 993 M 9.87 K 621 B 14.29% 3
Number of Holdings 38 1 3780 17.05% 5
Net Assets in Top 10 122 M 13.1 K 95.8 B 20.65% 3
Weighting of Top 10 131.5% 2.3% 269.3% 0.72% 1

Top 10 Holdings

  1. Citigroup Inc 16.97%
  2. US Treasury Bond 2.875% 20.59%
  3. Morgan Stanley 12.68%
  4. Bank of America Corporation 15.94%
  5. Vale SA ADR 11.19%
  6. Simon Property Group Inc 10.92%
  7. Macerich Co 10.58%
  8. GGP Inc 11.19%
  9. Royal Caribbean Cruises Ltd 10.78%
  10. Copa Holdings SA Class A 10.71%

Asset Allocation

Weighting Category Low Category High CGMFX % Rank Quintile
Stocks
147.19% 0.00% 147.19% 0.07% 1
Cash
2.40% -112.50% 132.07% 13.74% 2
Preferred Stocks
0.00% -0.39% 88.99% 3.81% 5
Other
0.00% -81.75% 100.00% 11.80% 5
Convertible Bonds
0.00% 0.00% 71.30% 2.09% 5
Bonds
-49.59% -49.59% 110.36% 7.32% 5

Stock Sector Breakdown

Weighting Category Low Category High CGMFX % Rank Quintile
Financial Services
78.59% 0.00% 78.59% 0.07% 1
Technology
40.72% 0.00% 41.58% 0.14% 1
Consumer Cyclical
24.96% 0.00% 47.61% 1.23% 1
Basic Materials
15.10% -0.88% 26.23% 0.22% 1
Industrials
10.71% 0.00% 34.96% 13.55% 2
Consumer Defense
8.72% -0.12% 55.88% 10.89% 2
Healthcare
3.60% 0.00% 43.34% 29.63% 5
Utilities
0.00% -1.65% 32.10% 20.48% 5
Energy
0.00% -3.37% 24.97% 27.04% 5
Communication Services
0.00% -0.78% 17.35% 22.78% 5
Real Estate
-35.19% -35.19% 11.80% 19.75% 5

Stock Geographic Breakdown

Weighting Category Low Category High CGMFX % Rank Quintile
US
96.85% 0.00% 100.18% 9.14% 2
Non US
50.34% -1.33% 88.51% 0.36% 1

CGMFX - Expenses

Operational Fees

CGMFX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 2.45% 0.02% 303.36% 5.77% 5
Management Fee 0.98% 0.00% 2.25% 1.22% 5
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.45% N/A N/A

Sales Fees

CGMFX Fees (% of AUM) Category Low Category High CGMFX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.00% 5.00% N/A N/A

Trading Fees

CGMFX Fees (% of AUM) Category Low Category High CGMFX Rank Quintile
Max Redemption Fee N/A 0.00% 2.00% N/A N/A

Turnover 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.

CGMFX Fees (% of AUM) Category Low Category High CGMFX Rank Quintile
Turnover 334.00% 0.00% 1754.00% 1.31% 5

CGMFX - Distributions

Dividend Yield Analysis

CGMFX Category Low Category High CGMFX % Rank Quintile
Dividend Yield N/A 0.00% 11.20% N/A N/A

Dividend Distribution Analysis

CGMFX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

CGMFX Category Low Category High CGMFX % Rank Quintile
Net Income Ratio -1.13% -1.94% 3.78% 23.94% 5

Capital Gain Distribution Analysis

CGMFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

CGMFX - Managers

G. Kenneth Heebner

Manager

Start Date

Sep 03, 1997

Tenure

20.09

Tenure Rank

0.9%

Mr. Heebner founded CGM with his partner Mr. Robert L. Kemp. Prior to establishing CGM, Mr. Heebner managed mutual fund portfolios at Loomis, Sayles & Company, Incorporated. In addition to the Funds, he currently manages other funds for which CGM serves as adviser. CGM relies to a considerable extent on the expertise of Mr. Heebner, who may be difficult to replace in the event he ceases to work for CGM. The SAI provides additional information about Mr. Heebner’s compensation, the other funds he manages and his ownership of Fund securities.


Tenure Analysis

Category Low

0.0

Category High

81.9

Category Average

6.19

Category Mode

2.8