CRM Long/Short Opportunities Fund (CRIHX)
The investment seeks long-term capital appreciation. The fund invests at least 80% of its assets in long and short positions in equity and equity related securities of U.S. and non-U.S. companies with market capitalizations at the time of initial purchase within the range of those in the S&P 500 Index that are publicly traded on a U.S. securities market. Equity and equity related securities include: common and preferred stocks, and warrants on common stock. It will hold long equity securities that the Adviser has identified as undervalued and take short positions in equity securities that the Adviser has identified as overvalued or poised for underperformance.
Fund Info
| ISIN | US12628J8817 |
|---|---|
| CUSIP | 12628J881 |
| Issuer | CRM |
| Inception Date | Aug 15, 2016 |
| Category | Long-Short |
| Min. Investment | $10,000 |
| Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Growth |
Expense Ratio
CRIHX has a high expense ratio of 1.60%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in CRM Long/Short Opportunities Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
CRM Long/Short Opportunities Fund had a return of 10.83% year-to-date (YTD) and 13.28% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 10.83% | 9.49% |
| 1 month | 1.79% | 1.20% |
| 6 months | 15.82% | 18.29% |
| 1 year | 13.28% | 26.44% |
| 5 years (annualized) | 7.98% | 12.64% |
| 10 years (annualized) | N/A | 10.67% |
Monthly Returns
The table below presents the monthly returns of CRIHX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.51% | 8.08% | 2.26% | -4.04% | 10.83% | ||||||||
| 2023 | 0.79% | -0.09% | 0.78% | 1.99% | -0.34% | 2.89% | 0.41% | -0.25% | -3.38% | -1.37% | 2.34% | 2.29% | 6.06% |
| 2022 | -3.32% | 1.12% | -1.19% | -0.77% | 1.04% | -4.29% | 1.26% | 0.71% | -3.17% | 5.54% | 1.38% | -1.64% | -3.68% |
| 2021 | -4.08% | 4.53% | 1.56% | 2.64% | 0.67% | -4.05% | -0.09% | -0.60% | -0.69% | 4.89% | -1.50% | 2.36% | 5.30% |
| 2020 | 0.45% | -3.96% | -4.43% | 6.47% | 1.32% | 2.30% | 3.91% | 3.39% | 1.46% | -0.63% | 4.33% | 4.76% | 20.44% |
| 2019 | 4.20% | 3.20% | 1.80% | 3.15% | -4.29% | 2.29% | 0.97% | -1.64% | 1.37% | -1.35% | 1.27% | 1.58% | 12.95% |
| 2018 | 3.78% | -2.99% | -0.96% | 1.36% | 1.63% | 0.85% | 2.43% | -0.55% | -0.28% | -6.81% | -1.09% | -5.60% | -8.43% |
| 2017 | 0.50% | -0.40% | -0.30% | 1.42% | 2.40% | -0.10% | -0.39% | 1.96% | -0.58% | 1.84% | -1.33% | -0.53% | 4.49% |
| 2016 | -0.30% | 1.40% | -0.40% | -0.20% | -1.49% | -1.00% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of CRIHX is 70, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
CRIHX (CRM Long/Short Opportunities Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for CRM Long/Short Opportunities Fund (CRIHX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
CRM Long/Short Opportunities Fund granted a 2.09% dividend yield in the last twelve months. The annual payout for that period amounted to $0.27 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.27 | $0.27 | $0.18 | $0.09 | $1.02 | $0.00 | $0.16 | $0.02 |
Dividend yield | 2.09% | 2.32% | 1.55% | 0.75% | 8.83% | 0.03% | 1.75% | 0.24% |
Monthly Dividends
The table displays the monthly dividend distributions for CRM Long/Short Opportunities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.09 |
| 2020 | $0.44 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.58 | $1.02 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 2017 | $0.02 | $0.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the CRM Long/Short Opportunities Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the CRM Long/Short Opportunities Fund was 21.33%, occurring on Mar 18, 2020. Recovery took 53 trading sessions.
The current CRM Long/Short Opportunities Fund drawdown is 0.23%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.33% | Jul 26, 2018 | 414 | Mar 18, 2020 | 53 | Jun 3, 2020 | 467 |
| -10.95% | Nov 10, 2021 | 168 | Jul 14, 2022 | 249 | Jul 17, 2023 | 417 |
| -9.83% | Jan 13, 2021 | 10 | Jan 27, 2021 | 31 | Mar 12, 2021 | 41 |
| -9.74% | May 10, 2021 | 49 | Jul 19, 2021 | 78 | Nov 5, 2021 | 127 |
| -6.41% | Jan 29, 2018 | 9 | Feb 8, 2018 | 81 | Jun 6, 2018 | 90 |
Volatility
Volatility Chart
The current CRM Long/Short Opportunities Fund volatility is 3.18%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.