CRMEX Fees and Costs — CRM All Cap Value Fund, Investor Class
Data updated: 2026-09-29
The net expense ratio is 1.45%: a 0.70% management fee plus 0.91% other expenses, less a 0.16% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $13K in broker commissions, 0.0562% of average net assets, and portfolio turnover was 26%.
CRMEX Fees and Expenses
Annual operating expenses and sales charges of CRMEX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.91% |
| Gross expense ratio | 1.61% |
| Fee waiver | −0.16% |
| Net expense ratio | 1.45% |
| 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 |
CRMEX Costs Over Time
On $10,000 invested in CRMEX, assuming 5% a year before costs, total costs come to $933 over 5 years, cutting the return by 1.58% 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 1.45%) | $152 | $473 | $815 |
| Trading costs (broker commissions) | $6 | $18 | $32 |
| Lost growth on money paid in costs | $0 | $24 | $86 |
| Total costs | $158 | $515 | $933 |
| Value after costs | $10,342 | $11,061 | $11,830 |
| Impact on return, per year | 1.58% | 1.58% | 1.58% |
CRMEX 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): 0.0562%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 26%
- Securities on loan, average value: $218K
- Net income from securities lending: $180 (0.001% of average net assets)
CRMEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $3K | 28.47% |
| JEFFERIES & COMPANY, INC. | $1K | 11.40% |
| TRUIST SECURITIES, INC. | $1K | 11.03% |
| ABEL NOSER, LLC | $901 | 9.51% |
| LOOP CAPITAL MARKETS, LLC | $885 | 9.34% |
| CITIBANK NA | $736 | 7.77% |
| BARCLAYS CAPITAL INC | $621 | 6.55% |
| CITIGROUP GLOBAL MARKETS INC. | $528 | 5.57% |
| RBC CAPITAL MARKETS, LLC | $513 | 5.41% |
| ROBERT W. BAIRD & CO. INC. | $468 | 4.94% |
CRM All Cap Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| CRIEX | Institutional Class | 1.20% | — |
| CRMEX | Investor Class | 1.45% | — |
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.