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What is an example of a top mutual fund?
To provide one example, we'll take a look at
the very popular top-performing mutual fund,
run by Ken Heebner, the manager of the CGM
Focus Fund (symbol: CGMFX).
In 2007, Heebner earned the distinction of
being the #1 U.S. Mutual Fund performer for
growth of his fund.
The following provides a brief overview of
that fund, as of its latest quarter, and
some of his top stocks within the fund:
NEXT: Glossary
of Investing Terms and other "Cramerisms" >>
See more mutual fund stock holdings (new window) >>
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MUTUAL FUND :: Ken Heebner - CGM Focus Fund: |
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Portfolio - Key Facts: |
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As of date: |
June 30, 2009 |
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Proper name of fund: |
CGM FOCUS FUND |
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Trading symbol: |
CGMFX |
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Fees: |
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Management Fees: |
0.91 % |
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Distribution (12b-1)
Fees: |
0.0 % |
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Other Expenses: |
0.45 % |
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Total Fund Operating
Expenses: |
1.36 % |
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# of Stocks in Portfolio: |
78
See all stocks held by this fund here>> |
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Portfolio Value: |
$ 6.11 billion |
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# of New Buys: |
34 |
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# of New Sells: |
46 |
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About The Portfolio Manager: |
Ken Heebner
Ken Heebner has been the portfolio manager
of the CGM Focus Fund since its inception in
1997.
In 1990, Mr. Heebner founded CGM with Mr.
Robert L.
Kemp. Prior to establishing CGM, Mr. Heebner
managed mutual fund portfolios at Loomis,
Sayles & Company, Incorporated. In addition
to the Fund, he currently manages other
mutual funds and accounts for which CGM
serves as adviser. CGM relies to a
considerable extent on the expertise of Mr.
Heebner, who may be difficult to replace in
the event he ceases to work for CGM. |
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Excerpt from prospectus/fund overview: |
The Fund’s prospectus currently provides
that, under certain circumstances, the Fund
may invest up to a total of 70% of its
assets in the crude petroleum and natural
gas industry and the petroleum refining
industry. The Fund currently does not
concentrate, and does not currently intend
to concentrate, more than 25% of its assets
in any single industry. Effective
immediately, the Fund has adopted an
operating policy restricting the Fund from
concentrating in any one industry, except as
may be permitted from time to time under
applicable regulatory authority.
Accordingly, the Fund will not invest more
than 25% of its assets in either the crude
petroleum and natural gas industry or the
petroleum refining industry.
The Fund’s investment objective is long-term
growth of capital. |
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Official website for more information: |
http://www.cgmfunds.com/
See Mutual-Fund-Holdings for complete
snapshot of stocks held by this fund here>>
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NEXT: Glossary
of Investing Terms and other "Cramerisms" >>
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