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Mutual Funds Weekly Roundup: August 2
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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.
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| Period | CGMFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -11.2% | -11.2% | 30.5% | 100.00% |
| 1 Yr | -25.5% | -70.8% | 194.6% | 99.60% |
| 3 Yr | -1.0%* | -41.6% | 41.8% | 91.53% |
| 5 Yr | -1.1%* | -27.2% | 19.4% | 89.56% |
| 10 Yr | 1.8%* | -9.5% | 14.2% | 90.30% |
* Annualized
| Period | CGMFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2018 | -25.0% | -73.8% | 141.8% | 92.72% |
| 2017 | 24.8% | -76.0% | 54.2% | 18.95% |
| 2016 | 9.0% | -12.7% | 13.9% | 1.98% |
| 2015 | -4.1% | -36.4% | 17.2% | 63.06% |
| 2014 | 1.4% | -40.2% | 18.4% | 32.63% |
| Period | CGMFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -11.2% | -11.2% | 30.5% | 100.00% |
| 1 Yr | -25.5% | -70.8% | 194.6% | 99.60% |
| 3 Yr | -1.0%* | -31.9% | 41.8% | 96.11% |
| 5 Yr | -1.1%* | -21.7% | 19.4% | 94.78% |
| 10 Yr | 1.8%* | -9.5% | 14.2% | 94.03% |
* Annualized
| Period | CGMFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2018 | -25.0% | -73.8% | 140.6% | 95.43% |
| 2017 | 24.8% | 1.5% | 54.2% | 35.16% |
| 2016 | 9.0% | -10.6% | 17.1% | 6.91% |
| 2015 | -4.1% | -36.4% | 18.6% | 83.89% |
| 2014 | 1.4% | -16.5% | 18.4% | 70.66% |
| CGMFX | Category Low | Category High | CGMFX % Rank | |
|---|---|---|---|---|
| Net Assets | 479 M | 1.47 M | 95.3 B | 49.13% |
| Number of Holdings | 33 | 26 | 8179 | 96.92% |
| Net Assets in Top 10 | 108 M | 229 K | 18.3 B | 51.06% |
| Weighting of Top 10 | 156.54% | 7.1% | 156.5% | 0.19% |
| Weighting | Return Low | Return High | CGMFX % Rank | |
|---|---|---|---|---|
| Stocks | 95.91% | 29.09% | 100.05% | 66.47% |
| Cash | 4.08% | -0.05% | 70.91% | 28.71% |
| Preferred Stocks | 0.00% | 0.00% | 5.25% | 31.21% |
| Other | 0.00% | -0.85% | 4.91% | 27.94% |
| Convertible Bonds | 0.00% | 0.00% | 3.25% | 26.59% |
| Bonds | 0.00% | 0.00% | 18.37% | 34.68% |
| CGMFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.45% | 0.08% | 164.00% | 12.30% |
| Management Fee | 0.98% | 0.00% | 1.75% | 91.52% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.30% | N/A |
| CGMFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.10% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.50% | N/A |
| CGMFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.10% | 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.
| CGMFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 403.00% | 4.00% | 995.00% | 99.61% |
| CGMFX | Category Low | Category High | CGMFX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.41% | 0.00% | 75.69% | 47.40% |
| CGMFX | Category Low | Category High | Category Mode | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Monthly | Annually |
| Date | Amount |
|---|---|
| Dec 31, 2018 | $0.144 |
| Dec 31, 2009 | $0.031 |
| Dec 31, 2008 | $0.220 |
| CGMFX | Category Low | Category High | CGMFX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.24% | -1.64% | 6.32% | 87.30% |
| CGMFX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Manager
Start Date
Tenure
Tenure Rank
Sep 03, 1997
22.09
22.1%
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
28.76
Category Average
6.38
Category Mode
13.84
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