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CM Advisors Fixed Income Fund

Overview

While most fixed income funds focus on a security's income potential when building a portfolio, the CM Advisors Fixed Income Fund selects securities which the managers believe have significant appreciation potential. We believe this results in a portfolio which can maximize total return for investors.

Investment Style

Multisector Bond

Fund Objective

Preserve capital and maximize total return

Investment Strategy

To meet its investment objective, the Fund primarily seeks to purchase U.S. dollar-denominated fixed income securities that the Fund believes are undervalued. While the Fund may invest in all types of fixed income securities, the primary focus is on corporate bonds and U.S. Treasury securities. This Fund has no load and no 12b-1 fees.

CMFIX Morningstar Risk-Adjusted Returns as of June 30, 2019


Category

Short-term Bond

Overall Rating

(of 478 funds)

3 Year

(of 478 funds)

5 Year

(of 421 funds)

10 Year

(of 269 funds)


Fund Literature:


The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Past performance does not guarantee future results.