CGM Focus Fund (CGMFX - Free Report) seeks long-term growth of capital. CGMFX intends to pursue its objective by focusing on equity investments in a smaller number of companies, and/or in a more limited number of sectors (clusters of related industries). CGMFX is flexibly managed, with the ability to invest in equity, debt and fixed income securities, in different industry sectors and in foreign issuers. CGMFX may invest in companies regardless of the size of their market capitalization, but primarily invests in companies with market capitalizations of at least $30 million.
This Large Growth product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 4.4% and 5 year 9.2%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
The CGM Focus fund, as of the last filing, allocates their fund in top three major groups; Large Value, Large Growth and Small Value. Further, as of the last filing, Citigroup Inc, Bank of America Corporation and Morgan Stanley were the top holdings for CGMFX.
This Zacks Rank #2 (Buy) was incepted in September 1997 and is managed by CGM. CGMFX carries an expense ratio of 1.20% and requires a minimal initial investment of $2,500.
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