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CGMFX CGM Focus

  • Fund
  • CGMFX
  • Price as of: Aug 23, 2019
  • $32.23 - $0.46 - 1.41%
  • Category
  • Large Cap Blend Equities
  • Fund Company
  • CGM

CGMFX - Profile

Vitals

  • YTD Return -19.4%
  • 3 Yr Annualized Return -3.7%
  • 5 Yr Annualized Return -4.3%
  • Net Assets $467 M
  • Holdings in Top 10 94.4%

52 WEEK LOW AND HIGH

$32.23
$32.23
$51.19

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.45%

SALES FEES

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

BROKERAGE FEES

  • Turnover 403.00%

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 -19.4%
  • 3 Yr Annualized Total Return -3.7%
  • 5 Yr Annualized Total Return -4.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.24%
DIVIDENDS
  • Dividend Yield 0.4%
  • 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 (%)
YTD -19.4% -12.0% 37.1% 99.80%
1 Yr -29.4% -60.0% 35.1% 97.35%
3 Yr -3.7%* -32.6% 22.3% 85.03%
5 Yr -4.3%* -23.0% 12.8% 81.79%
10 Yr 1.7%* -6.4% 14.4% 88.13%

* Annualized


Return Ranking - Calendar

Period CGMFX Return Category Return Low Category Return High Rank in Category (%)
2018 -25.0% -67.0% 16.7% 88.87%
2017 24.8% -32.8% 34.8% 0.72%
2016 9.0% -28.0% 20.8% 21.32%
2015 -4.1% -46.9% 5.7% 39.48%
2014 1.4% -24.8% 53.8% 64.11%

Total Return Ranking - Trailing

Period CGMFX Return Category Return Low Category Return High Rank in Category (%)
YTD -19.4% -12.0% 37.1% 99.80%
1 Yr -29.4% -60.0% 35.9% 98.47%
3 Yr -3.7%* -32.6% 22.8% 94.36%
5 Yr -4.3%* -21.7% 13.8% 94.17%
10 Yr 1.7%* -3.1% 18.6% 95.55%

* Annualized


Total Return Ranking - Calendar

Period CGMFX Return Category Return Low Category Return High Rank in Category (%)
2018 -25.0% -67.0% 17.4% 92.44%
2017 24.8% -22.1% 34.8% 2.87%
2016 9.0% -14.7% 21.8% 48.92%
2015 -4.1% -23.7% 7.0% 67.67%
2014 1.4% -24.8% 56.3% 84.52%

NAV & Total Return History

CGMFX - Holdings

Concentration Analysis

CGMFX Category Low Category High CGMFX % Rank
Net Assets 467 M 1.75 M 814 B 64.47%
Number of Holdings 27 10 3640 90.89%
Net Assets in Top 10 289 M -972 M 144 B 47.57%
Weighting of Top 10 94.41% 2.4% 441.5% 5.36%

Top 10 Holdings

  1. Petroleo Brasileiro SA Petrobras ADR 14.44%

  2. Bank Bradesco SA ADR 13.48%

  3. Carvana Co Class A 11.94%

  4. Itau Unibanco Holding SA ADR 11.29%

  5. Zebra Technologies Corp 9.89%

  6. Banco Santander (Brasil) SA ADR 8.07%

  7. Dollar Tree Inc 6.46%

  8. PagSeguro Digital Ltd Class A 6.41%

  9. Phillips 66 6.33%

  10. Amazon.com Inc 6.10%


Asset Allocation

Weighting Return Low Return High CGMFX % Rank
Stocks
98.62% -1.61% 121.22% 46.56%
Cash
1.37% -113.33% 79.66% 49.60%
Preferred Stocks
0.00% -0.31% 6.86% 21.05%
Other
0.00% -21.65% 22.51% 23.79%
Convertible Bonds
0.00% 0.00% 3.11% 15.69%
Bonds
0.00% -49.90% 111.17% 25.51%

Stock Sector Breakdown

Weighting Return Low Return High CGMFX % Rank
Financial Services
32.84% 0.00% 54.06% 1.82%
Energy
31.06% 0.00% 98.96% 0.20%
Industrials
21.65% 0.00% 36.25% 2.63%
Basic Materials
11.49% 0.00% 25.02% 0.51%
Consumer Defense
9.35% 0.00% 64.11% 18.34%
Technology
6.41% 0.00% 62.21% 92.30%
Utilities
0.00% 0.00% 21.16% 83.08%
Real Estate
0.00% -0.05% 95.70% 83.38%
Healthcare
0.00% 0.00% 27.42% 97.97%
Communication Services
0.00% 0.00% 14.58% 90.98%
Consumer Cyclical
-14.17% -14.17% 32.44% 100.00%

Stock Geographic Breakdown

Weighting Return Low Return High CGMFX % Rank
Non US
68.46% 0.00% 92.97% 0.51%
US
30.16% -1.61% 119.53% 95.04%

CGMFX - Expenses

Operational Fees

CGMFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.45% 0.00% 39.68% 3.16%
Management Fee 0.98% 0.00% 1.50% 91.50%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

CGMFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

CGMFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.15% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 403.00% 0.00% 836.00% 98.78%

CGMFX - Distributions

Dividend Yield Analysis

CGMFX Category Low Category High CGMFX % Rank
Dividend Yield 0.45% 0.00% 0.09% 62.75%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

CGMFX Category Low Category High CGMFX % Rank
Net Income Ratio -0.24% -1.49% 3.90% 93.89%

Capital Gain Distribution Analysis

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

CGMFX - Managers

G. Kenneth Heebner

Manager

Start Date

Tenure

Tenure Rank

Sep 03, 1997

21.92

21.9%

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

83.67

Category Average

6.97

Category Mode

3.79