CRIAX Performance — CRM Small/Mid Cap Value Fund, Institutional Class
Data updated: 2026-09-29
CRIAX returned +20.73% year to date and +32.36% over one year to Jul 2026. Annualised returns are +13.95% over 3 years and +8.64% over 5 years. The fund beat its US Small Value category average: $100 invested three years ago grew to $148, against $147 for the category, and to $132 over one year, against $131. Volatility over the past three years was 19.37% a year. In the 12 months to Jul 2026 the fund took in a net $14.5M, and assets reached $181.16M.
CRIAX Growth of $100
What $100 invested in CRM Small/Mid Cap Value Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Value category average over the same months.
| Period | CRIAX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $132 | $131 |
| 3 years (Aug 2023 – Jul 2026) | $148 | $147 |
| 5 years (Aug 2021 – Jul 2026) | $151 | $154 |
| Since data start (Jul 2019 – Jul 2026) | $220 | $215 |
CRIAX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +20.73% |
| 1 year | +32.36% |
| 3 years (annualised) | +13.95% |
| 5 years (annualised) | +8.64% |
CRIAX Annual Returns
Calendar-year total returns of CRM Small/Mid Cap Value Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +20.73% |
| 2025 | +4.15% |
| 2024 | +16.84% |
| 2023 | +8.96% |
| 2022 | −10.72% |
| 2021 | +27.29% |
| 2020 | +13.17% |
| 2019 (Jul–Dec) | +6.75% |
CRIAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +5.4% | +2.0% | −7.2% | +10.3% | +5.6% | +10.1% | −5.7% | — | — | — | — | — |
| 2025 | +1.4% | −5.3% | −7.9% | −3.5% | +4.3% | +3.1% | +3.3% | +4.8% | −1.6% | +1.1% | +4.7% | +0.5% |
| 2024 | −1.9% | +5.7% | +3.7% | −8.1% | +7.3% | −2.2% | +7.6% | +2.0% | +1.6% | −1.5% | +9.1% | −5.9% |
| 2023 | +7.1% | −1.6% | −3.5% | −1.3% | −5.1% | +9.2% | +4.1% | −2.8% | −7.1% | −5.6% | +9.2% | +8.2% |
| 2022 | −6.5% | +0.3% | +1.4% | −4.6% | +2.4% | −8.6% | +6.9% | −1.9% | −8.2% | +11.6% | +3.0% | −5.1% |
| 2021 | +0.9% | +6.7% | +5.4% | +5.0% | +4.0% | −1.1% | −1.8% | +1.5% | −3.4% | +4.8% | −2.4% | +5.6% |
| 2020 | −3.0% | −10.2% | −19.2% | +11.8% | +3.9% | +0.8% | +6.1% | +4.9% | −2.2% | +2.4% | +15.2% | +7.1% |
| 2019 | — | — | — | — | — | — | +1.3% | −4.0% | +3.2% | −0.1% | +2.9% | +3.5% |
CRIAX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 19.37%
- 3-year Sharpe ratio: 0.49 (vs 4.5% risk-free rate)
- Best month: +10.30% (Apr 2026)
- Worst month: −8.12% (Apr 2024)
CRIAX Fund Flows
Monthly money in and out of CRM Small/Mid Cap Value Fund, from SEC Form N-PORT.
- 12-month net flow: $14.5M
- 12-month gross sales (incl. reinvestments): $61.5M
- Sales ÷ redemptions: 1.31×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $5.5M | $4.0M | $1.5M |
| Jun 2026 | $4.7M | $1.8M | $2.8M |
| May 2026 | $10.1M | $1.2M | $9.0M |
| Apr 2026 | $1.8M | $1.9M | −$43K |
| Mar 2026 | $2.4M | $1.1M | $1.3M |
| Feb 2026 | $2.3M | $1.4M | $939K |
| Jan 2026 | $5.9M | $6.0M | −$159K |
| Dec 2025 | $13.1M | $5.1M | $8.0M |
| Nov 2025 | $4.1M | $6.3M | −$2.2M |
| Oct 2025 | $7.4M | $12.7M | −$5.3M |
| Sep 2025 | $1.9M | $2.0M | −$41K |
| Aug 2025 | $2.2M | $3.5M | −$1.3M |
CRIAX Assets Under Management
Net assets of CRM Small/Mid Cap Value Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $181.16M |
| 2026-04-30 | $152.25M |
| 2026-01-31 | $143.66M |
| 2025-10-31 | $130.80M |
| 2025-09-30 | $134.62M |
| 2025-06-30 | $129.78M |
| 2025-03-31 | $158.54M |
| 2024-12-31 | $176.79M |
| 2024-09-30 | $174.39M |
| 2024-06-30 | $169.38M |
| 2024-03-31 | $233.33M |
| 2023-12-31 | $208.29M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.