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CGMRX CGM Realty

  • Fund
  • CGMRX
  • Price as of: Jan 23, 2019
  • $27.51
  • + $0.20
  • + 0.73%
  • Category
  • Real Estate

CGMRX - Profile

Vitals

  • YTD Return 8.7%
  • 3 Yr Annualized Return 1.9%
  • 5 Yr Annualized Return -2.3%
  • Net Assets $684 M
  • Holdings in Top 10 60.9%

52 WEEK LOW AND HIGH

$27.51
$24.32
$32.90

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.97%

SALES FEES

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

BROKERAGE FEES

  • Turnover 269.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Investment Themes

CATEGORY

Real Estate
  • Fund Type Open End Mutual Fund
  • Investment Style Large Blend

Distributions

  • YTD Total Return 8.7%
  • 3 Yr Annualized Total Return 2.0%
  • 5 Yr Annualized Total Return 3.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.57%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name CGM Realty Fund
  • Fund Family Name CGM
  • Inception Date May 13, 1994
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager G. Kenneth Heebner

Fund Description

The CGM Realty Fund (CGMRX) is an actively managed mutual fund that specializes in the real estate sector of the United States. The fund seeks to achieve a high level of total return through dividends and capital appreciation. CGMRX owns the common stock of real estate operating companies, REITs, land developers and other commercial real estate service firms. Fund management uses momentum analysis and various screening metrics to determine the fund’s portfolio. There is a focus on trading within the fund and turnover is very high.

Given its tilt towards real estate through trading, CGMRX is best suited as a satellite position. The fund is managed by Capital Growth Mgt Ltd Partnership.

CGMRX - Performance

Return Ranking - Trailing

Period CGMRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 8.7% -59.9% 9.7% 0.81% 1
1 Yr -17.4% -40.6% 34.3% 87.95% 5
3 Yr 1.9% * -17.3% 14.3% 30.90% 2
5 Yr -2.3% * -10.7% 12.3% 80.37% 5
10 Yr 6.8% * 2.6% 13.1% 59.21% 3

* Annualized


Return Ranking - Calendar

Period CGMRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -21.4% -44.0% 7.9% 86.13% 5
2017 8.5% -18.4% 25.4% 7.66% 1
2016 1.4% -21.2% 29.1% 29.74% 2
2015 -11.0% -18.1% 31.5% 82.59% 5
2014 6.9% -22.5% 29.2% 79.53% 5

Total Return Ranking - Trailing

Period CGMRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 8.7% -100.0% 9.7% 0.83% 1
1 Yr -17.4% -40.1% 90.7% 89.16% 5
3 Yr 2.0% * -16.9% 14.3% 36.05% 2
5 Yr 3.3% * -5.7% 14.6% 65.42% 4
10 Yr 22.2% * 3.3% 76.2% 20.57% 1

* Annualized


Total Return Ranking - Calendar

Period CGMRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -21.4% -44.0% 8.0% 89.74% 5
2017 8.5% -16.4% 40.1% 8.23% 1
2016 1.7% -16.3% 41.9% 45.61% 3
2015 -2.6% -13.5% 80.3% 88.64% 5
2014 28.8% -26.1% 82.5% 73.46% 4

NAV & Total Return History

CGMRX - Holdings

Filings data as of: Sep 30, 2018

Concentration Analysis

CGMRX Category Low Category High CGMRX % Rank Quintile
Net Assets 684 M 553 K 53.3 B 15.02% 2
Number of Holdings 23 5 686 22.53% 5
Net Assets in Top 10 475 M 711 K 22.1 B 13.83% 2
Weighting of Top 10 60.9% 3.7% 151.2% 1.98% 1

Top 10 Holdings

  1. Vale SA ADR 12.87%
  2. The Howard Hughes Corp 5.57%
  3. Teck Resources Ltd Class B 5.55%
  4. Southern Copper Corp 5.22%
  5. Anglo American PLC ADR 5.72%
  6. Itau Unibanco Holding SA ADR 5.34%
  7. Bank Bradesco SA ADR 5.30%
  8. D.R. Horton Inc 5.18%
  9. Suncor Energy Inc 5.08%
  10. Gerdau SA ADR 5.01%

Asset Allocation

Weighting Category Low Category High CGMRX % Rank Quintile
Stocks
98.68% 1.09% 102.22% 16.21% 3
Cash
1.33% -109.96% 74.22% 14.62% 2
Preferred Stocks
0.00% 0.00% 45.34% 6.32% 5
Other
0.00% -0.75% 108.20% 7.91% 5
Convertible Bonds
0.00% 0.00% 5.85% 3.16% 5
Bonds
0.00% 0.00% 108.71% 5.14% 5

Stock Sector Breakdown

Weighting Category Low Category High CGMRX % Rank Quintile
Real Estate
34.87% 0.00% 100.00% 35.18% 5
Basic Materials
34.39% -0.06% 34.39% 0.40% 1
Financial Services
10.65% 0.00% 10.65% 0.40% 1
Energy
7.71% 0.00% 38.67% 0.79% 1
Consumer Cyclical
5.18% 0.00% 38.62% 1.58% 1
Communication Services
0.93% -0.33% 13.23% 15.02% 3
Utilities
0.00% 0.00% 16.80% 1.58% 5
Technology
0.00% 0.00% 8.42% 8.30% 5
Industrials
0.00% -0.04% 11.94% 9.49% 5
Healthcare
0.00% 0.00% 5.41% 4.35% 5
Consumer Defense
0.00% 0.00% 1.03% 2.37% 5

Stock Geographic Breakdown

Weighting Category Low Category High CGMRX % Rank Quintile
US
51.16% 1.00% 100.28% 30.83% 5
Non US
47.52% 0.00% 47.52% 0.40% 1

CGMRX - Expenses

Operational Fees

CGMRX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.97% 0.07% 29.08% 48.62% 2
Management Fee 0.80% 0.00% 1.20% 7.51% 4
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.01% 0.40% N/A N/A

Sales Fees

CGMRX Fees (% of AUM) Category Low Category High CGMRX Rank Quintile
Front Load N/A 2.50% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

CGMRX Fees (% of AUM) Category Low Category High CGMRX Rank Quintile
Max Redemption Fee N/A 0.75% 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.

CGMRX Fees (% of AUM) Category Low Category High CGMRX Rank Quintile
Turnover 269.00% 0.00% 1060.00% 0.79% 5

CGMRX - Distributions

Dividend Yield Analysis

CGMRX Category Low Category High CGMRX % Rank Quintile
Dividend Yield 0.6% 0.01% 6.48% 23.17% 2

Dividend Distribution Analysis

CGMRX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

CGMRX Category Low Category High CGMRX % Rank Quintile
Net Income Ratio 0.57% -0.56% 4.97% 58.50% 5

Capital Gain Distribution Analysis

CGMRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

CGMRX - Managers

G. Kenneth Heebner

Manager

Start Date

May 13, 1994

Tenure

24.65

Tenure Rank

0.3%

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

25.0

Category Average

7.99

Category Mode

4.0