CRMSX Fees and Costs — CRM Small Cap Value Fund, Investor Class
Data updated: 2026-09-29
The net expense ratio is 1.27%: a 0.75% management fee plus 0.51% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $78K in broker commissions, 0.1180% of average net assets, and portfolio turnover was 38%.
CRMSX Fees and Expenses
Annual operating expenses and sales charges of CRMSX. Prospectus, as of October 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.51% |
| Gross expense ratio | 1.27% |
| Fee waiver | — |
| Net expense ratio | 1.27% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
CRMSX Costs Over Time
On $10,000 invested in CRMSX, assuming 5% a year before costs, total costs come to $861 over 5 years, cutting the return by 1.46% 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 1.27%) | $133 | $414 | $716 |
| Trading costs (broker commissions) | $12 | $39 | $66 |
| Lost growth on money paid in costs | $0 | $22 | $79 |
| Total costs | $146 | $475 | $861 |
| Value after costs | $10,354 | $11,101 | $11,901 |
| Impact on return, per year | 1.46% | 1.46% | 1.46% |
CRMSX 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): 0.1180%
- Total broker commissions: $78K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 38%
- Securities on loan, average value: $899K
- Net income from securities lending: $941 (0.001% of average net assets)
CRMSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $10K | 16.29% |
| BARCLAYS CAPITAL INC. | $9K | 15.33% |
| RBC CAPITAL MARKETS | $7K | 12.79% |
| CITIGROUP GLOBAL MARKETS INC. | $7K | 11.13% |
| UBS SECURITIES LLC | $5K | 9.15% |
| KEEFE, BRUYETTE & WOODS, INC. | $5K | 8.40% |
| PIPER SANDLER & CO. | $5K | 8.15% |
| JEFFERIES & COMPANY, INC. | $4K | 6.45% |
| KEYBANC CAPITAL MARKETS INC | $4K | 6.17% |
| ABEL NOSER, LLC | $4K | 6.14% |
CRM Small 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 |
|---|---|---|---|
| CRISX | Institutional Class | 1.08% | — |
| CRMSX | Investor Class | 1.27% | — |
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.