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CGMRX CGM Realty

  • Fund
  • CGMRX
  • Price as of: Sep 16, 2019
  • $26.15 + $0.12 + 0.46%
  • Fund Company
  • CGM

CGMRX - Profile

Vitals

  • YTD Return 3.3%
  • 3 Yr Annualized Return -1.1%
  • 5 Yr Annualized Return -5.0%
  • Net Assets $638 M
  • Holdings in Top 10 58.1%

52 WEEK LOW AND HIGH

$26.15
$24.32
$28.71

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.98%

SALES FEES

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

BROKERAGE FEES

  • Turnover 239.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 3.3%
  • 3 Yr Annualized Total Return 6.6%
  • 5 Yr Annualized Total Return 3.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.50%
DIVIDENDS
  • Dividend Yield 1.1%
  • 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 (%)
YTD 3.3% 3.3% 38.1% 100.00%
1 Yr -4.3% -41.0% 6.5% 42.31%
3 Yr -1.1%* -15.1% 13.5% 54.55%
5 Yr -5.0%* -12.2% 10.4% 90.48%
10 Yr 2.5%* 2.5% 11.1% 100.00%

* Annualized


Return Ranking - Calendar

Period CGMRX Return Category Return Low Category Return High Rank in Category (%)
2018 -21.4% -48.9% 1.4% 44.00%
2017 8.5% -3.9% 22.0% 54.55%
2016 1.4% -9.5% 17.8% 63.64%
2015 -11.0% -18.8% 1.4% 71.43%
2014 6.9% -4.9% 12.6% 42.86%

Total Return Ranking - Trailing

Period CGMRX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% 3.3% 38.1% 100.00%
1 Yr -3.2% -41.0% 12.0% 50.00%
3 Yr 6.6%* -15.1% 19.4% 36.36%
5 Yr 3.9%* -12.2% 11.5% 42.86%
10 Yr 8.3%* 5.7% 16.7% 37.50%

* Annualized


Total Return Ranking - Calendar

Period CGMRX Return Category Return Low Category Return High Rank in Category (%)
2018 -20.2% -48.9% 1.4% 44.00%
2017 32.7% -3.9% 32.7% 4.55%
2016 2.7% -9.5% 26.8% 77.27%
2015 -2.4% -12.8% 1.4% 38.10%
2014 21.6% -4.9% 21.6% 7.14%

NAV & Total Return History

CGMRX - Holdings

Concentration Analysis

CGMRX Category Low Category High CGMRX % Rank
Net Assets 638 M 302 K 1.24 B 5.88%
Number of Holdings 22 13 340 92.00%
Net Assets in Top 10 400 M 1.17 M 400 M 4.00%
Weighting of Top 10 58.14% 15.0% 83.9% 56.00%

Top 10 Holdings

  1. Bank Bradesco SA ADR 9.03%

  2. Itau Unibanco Holding SA ADR 6.97%

  3. Petroleo Brasileiro SA Petrobras ADR 5.77%

  4. Turquoise Hill Resources Ltd 5.41%

  5. Crown Castle International Corp 5.21%

  6. American Tower Corp 5.20%

  7. New Residential Investment Corp 5.15%

  8. Retail Opportunity Investments Corp 5.14%

  9. The GEO Group Inc 5.14%

  10. Regency Centers Corp 5.10%


Asset Allocation

Weighting Return Low Return High CGMRX % Rank
Stocks
96.42% 8.04% 100.01% 40.00%
Cash
3.57% -0.02% 27.49% 40.00%
Preferred Stocks
0.00% 0.00% 21.10% 84.00%
Other
0.00% 0.00% 27.97% 72.00%
Convertible Bonds
0.00% 0.00% 25.15% 72.00%
Bonds
0.00% 0.00% 64.32% 80.00%

Stock Sector Breakdown

Weighting Return Low Return High CGMRX % Rank
Real Estate
61.09% 0.00% 61.09% 4.00%
Financial Services
16.01% 0.28% 35.45% 24.00%
Energy
5.77% 0.00% 6.14% 8.00%
Basic Materials
5.41% 0.00% 5.41% 4.00%
Communication Services
5.20% 0.00% 11.92% 36.00%
Consumer Cyclical
2.94% 0.00% 30.88% 64.00%
Utilities
0.00% 0.00% 13.17% 76.00%
Technology
0.00% 0.00% 29.69% 100.00%
Industrials
0.00% 0.00% 24.38% 100.00%
Healthcare
0.00% 0.00% 18.04% 92.00%
Consumer Defense
0.00% 0.00% 63.85% 92.00%

Stock Geographic Breakdown

Weighting Return Low Return High CGMRX % Rank
US
69.23% 7.96% 78.16% 8.00%
Non US
27.19% 0.00% 56.61% 52.00%

CGMRX - Expenses

Operational Fees

CGMRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.98% 0.35% 5.40% 96.15%
Management Fee 0.81% 0.25% 1.49% 52.78%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.95% N/A

Sales Fees

CGMRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

CGMRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

CGMRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 239.00% 2.00% 239.00% 100.00%

CGMRX - Distributions

Dividend Yield Analysis

CGMRX Category Low Category High CGMRX % Rank
Dividend Yield 1.11% 0.00% 5.48% 22.22%

Dividend Distribution Analysis

CGMRX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Semi-Annually Annually

Dividend Payout History


Net Income Ratio Analysis

CGMRX Category Low Category High CGMRX % Rank
Net Income Ratio 1.50% -0.46% 2.15% 23.08%

Capital Gain Distribution Analysis

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

CGMRX - Managers

G. Kenneth Heebner

Manager

Start Date

Tenure

Tenure Rank

May 13, 1994

25.32

25.3%

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

25.32

Category Average

3.95

Category Mode

3.18