CRM Small Cap Value Instl (CRISX): A (0.72)

Score Weighting: CRM Small Cap Value Instl (CRISX)

Here are the factors and weightings on how we come up with the score

1. Short-term performance beats Small Blend category average: 10%
2. Mid-term performance beats Small Blend category average: 15%
3. Long-term performance beats Small Blend category average: 15%
4. Morningstar rating: 10%
5. Ratio of number of positive-return years over number of negative-return years: 15%
6. Expense ratio is smaller than its Small Blend category peers: 10%
7. Performance vs volatility (ie. Sharper, Treynor, Standard Deviation) beats Small Blend category peers: 10%
8. Relative safety beats Small Blend category peers: 15%

** We also apply various filters and calculations on each factor to ensure best representation of the fund performance

  

Score Grade: CRM Small Cap Value Instl (CRISX)

How we convert Fund Mojo Score to a letter grade

1. Mojo Master: Fund Mojo score is greater than 0.85
2. A+: Fund Mojo score is greater than 0.8
3. A: Fund Mojo score is between 0.7 - 0.8
4. B: Fund Mojo score is between 0.6 - 0.7
5. C: Fund Mojo score is between 0.5 - 0.6
6. D: Fund Mojo score is between 0.4 - 0.5
7. E: Fund Mojo score less than 0.4

  

Score Design Philosophy: CRM Small Cap Value Instl (CRISX)

Our thinking behind the weighting factors

• Performance needs to be accomplished by the same fund manager on a consistent basis. We give great credit to a fund manager who can outperform its category peer on a consistent basis over many years. If the performance is not generated by the fund manager (ie. recent manager changes), then it is hard to predict whether a fund will continuously perform well in the future.
• Performance needs to accomplished under reasonable volatility. Some funds have great returns on average over years, but the magnitude of up-and-down is significant that they are not suitable for investors to tolerate. Top funds on our list have great Sharpe ratio and up-year vs down-year track record.
• Expense should be in-line with the category. We realize that great managers do not come cheap and small funds need to charge a higher fee to survive, so we added some buffer for these managers, but it is important for investors not to pay super-premium for a fund.
• Safety. While there are great upside to be accomplished, top investors stay in the game because they don't lose money over difficult time. We put weight on a fund's ability to survive bear market and not to lose a lot of money over a 3 year downturn.