As part of Forbes best fund, CGM Focus has outperformed many funds over the long term period. While it has been lagging its peers for the past 3 years, it is still one of the choice by investor to diversify his/her portfolio. The following is details CGM Focus fund review.
CGM Focus (MUTF: CGMFX)
The CGM Focus fund is seeking long-term growth of capital. This fund normally invests in the stock of between 20-100 companies at any one time. It may invest in companies of any size, but primarily invests in companies with market capitalizations of more than $5 billion. The fund may also invest in debt and fixed income securities (investment grade & non-investment grade or junk bonds).
G. Kenneth Heebner is the fund's manager since September 1997. This CGM fund has $2.58 billion net assets. The annual expense ratio is 1.03%. Morningstar has rated this fund with 2-stars rating. It has 1.29% beta for over the last three years. The annual holdings turnover of this rate is quite high (363.0%) compared to the average in Large Growth category which is 87.49%. This CGMFX is a no load fund, there is no 12b1 fee and no sales load fee as well.
This CGM fund has -8.45% YTD return. This top rated large growth stock fund has returned 16.23% over the past year and 10.25% over the past ten years. The previous year performance of this fund is as follow:
If you are interested in investing in this CGM Focus fund, you will need a minimum of $2,500 for the initial investment in regular brokerage account and $1,000 for retirement (IRA) account with $50 minimum subsequent investment applicable for both accounts. This CGMFX can be bought from a limited of 26 brokerages.
As of March 2011, the top 5 holdings of this CGMFX fund represent 31.83% of total portfolio. They are Priceline.com Inc (7.06%), National Oilwell Varco Inc (6.78%), Tata Motors Ltd (6.25%), ASML Holding NV (6.05%) and CBS Corporation B (5.68%). The top sectors of this fund are Technology (24.32%), Energy (21.45%), Consumer Cyclical (19.17%), Basic Materials (16.71%) and Industrials (14.64%). Almost all of the CGMFX asset is allocated in stocks (99.08%), only a small part of 0.92% is allocated in cash.
According to the fund’s prospectus, investing in this fund involves Principal Risks such as Non-diversification risk, Market risk, Industry/ sector exposure risk, Short sale risk, Small and medium-sized companies risk, Fixed income investments risk, Lower rated debt securities risk, Foreign securities risk, Key personnel risk, etc.
Disclosure: No Position
Related Articles:
CGM Focus (MUTF: CGMFX)
 |
| CGM Focus fund details |
G. Kenneth Heebner is the fund's manager since September 1997. This CGM fund has $2.58 billion net assets. The annual expense ratio is 1.03%. Morningstar has rated this fund with 2-stars rating. It has 1.29% beta for over the last three years. The annual holdings turnover of this rate is quite high (363.0%) compared to the average in Large Growth category which is 87.49%. This CGMFX is a no load fund, there is no 12b1 fee and no sales load fee as well.
This CGM fund has -8.45% YTD return. This top rated large growth stock fund has returned 16.23% over the past year and 10.25% over the past ten years. The previous year performance of this fund is as follow:
- Year 2010: 16.94%
- Year 2009: 10.42%
- Year 2008: -48.18%
- Year 2007: 79.97%
If you are interested in investing in this CGM Focus fund, you will need a minimum of $2,500 for the initial investment in regular brokerage account and $1,000 for retirement (IRA) account with $50 minimum subsequent investment applicable for both accounts. This CGMFX can be bought from a limited of 26 brokerages.
As of March 2011, the top 5 holdings of this CGMFX fund represent 31.83% of total portfolio. They are Priceline.com Inc (7.06%), National Oilwell Varco Inc (6.78%), Tata Motors Ltd (6.25%), ASML Holding NV (6.05%) and CBS Corporation B (5.68%). The top sectors of this fund are Technology (24.32%), Energy (21.45%), Consumer Cyclical (19.17%), Basic Materials (16.71%) and Industrials (14.64%). Almost all of the CGMFX asset is allocated in stocks (99.08%), only a small part of 0.92% is allocated in cash.
According to the fund’s prospectus, investing in this fund involves Principal Risks such as Non-diversification risk, Market risk, Industry/ sector exposure risk, Short sale risk, Small and medium-sized companies risk, Fixed income investments risk, Lower rated debt securities risk, Foreign securities risk, Key personnel risk, etc.
Disclosure: No Position
Related Articles:
No comments:
Post a Comment