CGM Realty Fund

Class No Load (CGMRX)
3 / 5 Stars
2 1 1 5 3
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
E+ (Sell)

#19 in Real Estate

U.S. News evaluated 72 Real Estate Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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The fund has returned 19.34 percent over the past year, 7.34 percent over the past three years, 20.22 percent over the past five years, and 13.67 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 9.7%
1 Year 19.3%
3 Years (Annualized) 7.3%
5 Years (Annualized) 20.2%
10 Years (Annualized) 13.7%

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This fund is run by Ken Heebner, who is best known for managing the high-flying CGM Focus fund. Heebner is also known for frequent trading. CGM Realty's portfolio turnover is close to 200 percent, according to Morningstar. Over the past 10 years, the fund has returned an annualized 20 percent, which places it in the top 1 percent of its category as of the end of the first quarter. But at times, his funds give investors a wild ride. In the past, CGM Realty has ranked near the bottom of its category one year and at the top the next. The portfolio only holds between 20 to 25 stocks, and Heebner can invest up to 20 percent of the fund's total assets outside of the real estate industry, according to the fund's prospectus. Earlier in 2010, copper and silver producer companies made up about 15 percent of the portfolio, according to Morningstar. The fund's annual fees are 0.93 percent.

Investment Strategy

The investment seeks to provide a combination of income and long-term growth of capital. The fund invests primarily in equity securities of companies in the real estate industry, including real estate investment trusts. The fund normally expects to invest at least 80% of its assets in these securities. The fund may invest up to 20% of its assets in equity or debt securities of companies outside the real estate industry. The debt and fixed income securities in which the fund may invest may be of any credit quality and of any maturity. The fund may invest in equity securities of issuers of any size. It may invest in the securities of U.S. and foreign issuers.


Fees are Above Average compared to funds in the same category.
CGM Realty Fund has an expense ratio of 0.92 percent.

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Risk is High compared to funds in the same category according to Morningstar.

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