CRIHX Fees and Costs — CRM Long/Short Opportunities Fund, Institutional Class
Data updated: 2026-09-29
The net expense ratio is 1.77%: a 1.50% management fee plus 0.35% other expenses, less a 0.09% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $461K in broker commissions, 0.1536% of average net assets, and portfolio turnover was 65%.
CRIHX Fees and Expenses
Annual operating expenses and sales charges of CRIHX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.35% |
| Gross expense ratio | 1.86% |
| Fee waiver | −0.09% |
| Net expense ratio | 1.77% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
CRIHX Costs Over Time
On $10,000 invested in CRIHX, assuming 5% a year before costs, total costs come to $1,181 over 5 years, cutting the return by 2.02% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.77%) | $186 | $574 | $986 |
| Trading costs (broker commissions) | $16 | $50 | $86 |
| Lost growth on money paid in costs | $0 | $31 | $109 |
| Total costs | $202 | $655 | $1,181 |
| Value after costs | $10,298 | $10,921 | $11,582 |
| Impact on return, per year | 2.02% | 2.02% | 2.02% |
CRIHX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1536%
- Total broker commissions: $461K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 65%
- Securities lending: none during the year
CRIHX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES & COMPANY, INC. | $74K | 22.38% |
| MORGAN STANLEY & CO., INC. | $57K | 17.01% |
| BARCLAYS CAPITAL INC | $38K | 11.44% |
| KEEFE, BRUYETTE & WOODS, INC. | $32K | 9.77% |
| INSTINET, LLC | $32K | 9.70% |
| UBS SECURITIES LLC | $31K | 9.34% |
| WELLS FARGO SECURITIES, LLC | $20K | 6.04% |
| CITIGROUP GLOBAL MARKETS INC. | $18K | 5.35% |
| PIPER SANDLER & CO. | $16K | 4.69% |
| ABEL NOSER, LLC | $14K | 4.29% |
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.