# EDGAR Filing Document

**Accession Number:** 0001322252
**File Stem:** 0001752724-23-043112
**Filing Date:** 2023-2
**Character Count:** 19736
**Document Hash:** 1ed779ea22c0fc7a889330c348a3046e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-043112.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-043112

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20230630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CRM Mutual Fund Trust
- **CENTRAL INDEX KEY:** 0001322252
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21749
- **FILM NUMBER:** 23674054

**BUSINESS ADDRESS:**
- **STREET 1:** C/O CRAMER ROSENTHAL MCGLYNN, LLC
- **STREET 2:** 28 HAVEMEYER PLACE
- **CITY:** GREENWICH
- **STATE:** CT
- **ZIP:** 06830
- **BUSINESS PHONE:** 212.326.5334

**MAIL ADDRESS:**
- **STREET 1:** C/O CRAMER ROSENTHAL MCGLYNN, LLC
- **STREET 2:** 28 HAVEMEYER PLACE
- **CITY:** GREENWICH
- **STATE:** CT
- **ZIP:** 06830

## Series and Classes Contracts Data

### CRM SMALL/MID CAP VALUE FUND (Series ID: S000001325)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000003543 | INSTITUTIONAL | CRIAX           |
| C000003544 | INVESTOR      | CRMAX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** CRM Mutual Fund Trust

- **b. Investment Company Act file number:** 811-21749

- **c. CIK number of Registrant:** 0001322252

- **d. LEI of Registrant:** 549300RX3217CTPTEU48

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 28 Havemeyer Place

  - **City:** Greenwich

  - **State:** CT

  - **Foreign country:** US

  - **Zip / Postal Code:** 6830

  - **Telephone number:** 212-326-5300

**Item A.2. Information about the Series.**

- **a. Name of Series:** CRM SMALL/MID CAP VALUE FUND

- **b. EDGAR series identifier (if any):** S000001325

- **c. LEI of Series:** 549300BJCER9KBZHER71

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-06-30

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $157374532.63

**Total Liabilities:** $647906.63

**Net Assets:** $156726626.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000003543 | 11.60%               | 3.05%                | -5.05%               |
| Class ID C000003544 | 11.60%               | 3.00%                | -5.01%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $351520.08               | $15630767.66                               |
| Month 2  | $-1380308.65             | $6142710.93                                |
| Month 3  | $43136.63                | $-8761629.88                               |

### Schedule of Portfolio Investments

| Name                              | Title                                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| First Interstate Bancsystem Inc.  | FIRST INTERSTATE BANCSYSTEM, INC.                         | CUSIP: 32055Y201<br>LEI: 549300WRWYTYX0RCNJ43 | Long             | EC               | CORP              | US        |    134670 | NS      | $5204995.50   | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Envestnet Inc                     | Envestnet, Inc.                                           | CUSIP: 29404K106<br>LEI: 549300HLWZ5OKIDM8737 | Long             | EC               | CORP              | US        |     81072 | NS      | $5002142.40   | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corporation         | Regal Rexnord Corp.                                       | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |     13289 | NS      | $1594414.22   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ Corporation                   | LKQ Corp.                                                 | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |     83415 | NS      | $4455195.15   | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC REPO | CITIGROUP GLOBAL MARKETS INC REPO SLRPA 4.250% 01/03/2023 | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               | CORP              | US        |   1000000 | PA      | $1000000.00   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Abcam PLC                         | ABCAM PLC                                                 | CUSIP: 000380204<br>LEI: 213800B9N83DSNT33F79 | Long             | EC               | CORP              | GB        |    203612 | NS      | $3168202.72   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| RH                                | RH                                                        | CUSIP: 74967X103<br>LEI: 5493008MTS3OGGMHGK69 | Long             | EC               | CORP              | US        |      6325 | NS      | $1689976.75   | 1.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Bio-Rad Laboratories, Inc.        | Bio-Rad Laboratories, Inc.                                | CUSIP: 090572207<br>LEI: 549300ZC1GPV35XYDK53 | Long             | EC               | CORP              | US        |      9997 | NS      | $4203638.53   | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries, Inc.          | Valmont Industries, Inc.                                  | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |     10571 | NS      | $3495512.57   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Edge Properties             | Urban Edge Properties                                     | CUSIP: 91704F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    222006 | NS      | $3128064.54   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus International Group Inc     | Janus International Group, Inc.                           | CUSIP: 47103N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    116718 | NS      | $1111155.36   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| JP MORGAN SECURITIES LLC REPO     | JP MORGAN SECURITIES LLC REPO SLRPA 4.260% 01/03/2023     | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               | CORP              | US        |   1000000 | PA      | $1000000.00   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Vontier Corporation               | Vontier Corp.                                             | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |    209659 | NS      | $4052708.47   | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| NVent Electric PLC                | nVent Electric PLC                                        | CUSIP: G6700G107<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     60823 | NS      | $2339860.81   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC SECURITIES USA INC REPO.     | HSBC SECURITIES USA INC REPO. SLRPA 4.250% 01/03/2023     | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               | CORP              | GB        |    922949 | PA      | $922949.00    | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| James River Group Holdings Ltd.   | James River Group Holdings, Ltd.                          | CUSIP: G5005R107<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    105488 | NS      | $2205754.08   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ChampionX Corporation             | ChampionX Corp.                                           | CUSIP: 15872M104<br>LEI: 549300EP2909K6DYYP38 | Long             | EC               | CORP              | US        |    198140 | NS      | $5744078.60   | 3.67%             |  |  |  | No            |                  1 | On Loan: No      |
| QuidelOrtho Corp                  | QuidelOrtho Corp.                                         | CUSIP: 219798105<br>LEI: 549300YU8CMO9HF53113 | Long             | EC               | CORP              | US        |     27923 | NS      | $2392163.41   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc         | Teledyne Technologies, Inc.                               | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |      6071 | NS      | $2427853.61   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores Inc.            | Burlington Stores, Inc.                                   | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |     25878 | NS      | $5247023.28   | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc.                     | Nisource, Inc.                                            | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |    133764 | NS      | $3667808.88   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Natural Resources Company | Pioneer Natural Resources Co.                             | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |     15851 | NS      | $3620209.89   | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Commonwealth               | Equity Commonwealth                                       | CUSIP: 294628102<br>LEI: 549300YPGVU9PR4L0606 | Long             | EC               | CORP              | US        |    153916 | NS      | $3843282.52   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Bank                      | Cadence Bank                                              | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |    120390 | NS      | $2968817.40   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott Vacations Worldwide Corp | Marriott Vacations Worldwide Corp.                        | CUSIP: 57164Y107<br>LEI: 549300WA6BT5H4F7IO94 | Long             | EC               | CORP              | US        |     15271 | NS      | $2055323.89   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| W.R. Berkley Corporation          | W.R. Berkley Corp.                                        | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |     55924 | NS      | $4058404.68   | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| MIZUHO SECURITIES USA LLC REPO    | MIZUHO SECURITIES USA LLC REPO SLRPA 4.250% 01/03/2023    | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               | CORP              | JP        |   1000000 | PA      | $1000000.00   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| CVB Financial                     | CVB Financial Corp.                                       | CUSIP: 126600105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    105639 | NS      | $2720204.25   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Inc                           | PTC, Inc.                                                 | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |     22338 | NS      | $2681453.52   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                        | Kirby Corp.                                               | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |     60394 | NS      | $3886353.90   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc.       | LPL Financial Holdings, Inc.                              | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |     17403 | NS      | $3762006.51   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corporation           | Black Hills Corp.                                         | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |     30554 | NS      | $2149168.36   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp.           | Webster Financial Corp.                                   | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |     88188 | NS      | $4174819.92   | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Clarivate PLC                     | Clarivate PLC                                             | CUSIP: G21810109<br>LEI: 549300WDHIIODXFO0R55 | Long             | EC               | CORP              | JE        |    497407 | NS      | $4148374.38   | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corporation        | Terreno Realty Corp.                                      | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27932 | NS      | $1588492.84   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International Inc.            | RPM International, Inc.                                   | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |     46320 | NS      | $4513884.00   | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunrun Inc.                       | Sunrun, Inc.                                              | CUSIP: 86771W105<br>LEI: 54930007SJ77CI66U531 | Long             | EC               | CORP              | US        |     35652 | NS      | $856361.04    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corporation                 | Ciena Corp.                                               | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |     71382 | NS      | $3639054.36   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Envista Holdings Corporation      | Envista Holdings Corp.                                    | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |    126685 | NS      | $4265483.95   | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashland Inc.                      | Ashland, Inc.                                             | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |     54305 | NS      | $5839416.65   | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextera Energy Partners LP        | NextEra Energy Partners LP                                | CUSIP: 65341B106<br>LEI: 5493008F4ZOQFNG3WN54 | Long             | EC               | CORP              | US        |     51225 | NS      | $3590360.25   | 2.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Skyline Champion Corporation      | Skyline Champion Corp.                                    | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37289 | NS      | $1920756.39   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Harbors, Inc.               | Clean Harbors, Inc.                                       | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |     40974 | NS      | $4675952.88   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamb Weston Holdings Inc          | Lamb Weston Holdings, Inc.                                | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |     52899 | NS      | $4727054.64   | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc.              | Eagle Materials, Inc.                                     | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     33689 | NS      | $4475583.65   | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group, Inc.    | American Financial Group, Inc./OH                         | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |     37488 | NS      | $5146352.64   | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenable Holdings Inc              | Tenable Holdings, Inc.                                    | CUSIP: 88025T102<br>LEI: 5493004S5OMPESF0EF83 | Long             | EC               | CORP              | US        |     88320 | NS      | $3369408.00   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-31

**Name of Applicant:** CRM Mutual Fund Trust

**Signature:** Laura Szalyga

**Name of Signer:** Laura Szalyga

**Title:** Treasurer