# EDGAR Filing Document

**Accession Number:** 0001322252
**File Stem:** 0001752724-23-043109
**Filing Date:** 2023-2
**Character Count:** 18714
**Document Hash:** f7bea4e96434a346a68d75f791a40db9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-043109.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-043109

**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:** 23674050

**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 CAP VALUE FUND (Series ID: S000001323)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000003540 | INSTITUTIONAL | CRISX           |
| C000003541 | INVESTOR      | CRMSX           |

## 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 CAP VALUE FUND

- **b. EDGAR series identifier (if any):** S000001323

- **c. LEI of Series:** 549300MX8PIWKMFNWX70

**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:** $115278134.66

**Total Liabilities:** $1257524.21

**Net Assets:** $114020610.45

**Cash Not Reported:** $4411.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000003540 | 13.72%               | 3.11%                | -6.38%               |
| Class ID C000003541 | 13.65%               | 3.08%                | -6.40%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1048440.51              | $13221705.67                               |
| Month 2  | $133478.09               | $3417284.51                                |
| Month 3  | $204497.07               | $-8062541.54                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| H B Fuller Company                           | HB Fuller Co.                                         | CUSIP: 359694106<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | EC               | CORP              | US        |     40323 | NS      | $2887933.26   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologies Inc.         | Applied Industrial Technologies, Inc.                 | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |     16812 | NS      | $2118816.36   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyline Champion Corporation                 | Skyline Champion Corp.                                | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32586 | NS      | $1678504.86   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Abcam PLC                                    | ABCAM PLC                                             | CUSIP: 000380204<br>LEI: 213800B9N83DSNT33F79 | Long             | EC               | CORP              | GB        |    147712 | NS      | $2298398.72   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Heritage Commerce Corp.                      | Heritage Commerce Corp.                               | CUSIP: 426927109<br>LEI: 549300CLIS851ELSR406 | Long             | EC               | CORP              | US        |    159059 | NS      | $2067767.00   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Lemaitre Vascular Inc.                       | LeMaitre Vascular, Inc.                               | CUSIP: 525558201<br>LEI: 549300FZUBUB7MHY8R17 | Long             | EC               | CORP              | US        |     65189 | NS      | $2999997.78   | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds                    | Blackrock Liquidity Funds T-Fund Institutional Shares | CUSIP: 09248U718<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |   3055002 | PA      | $3055001.65   | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Harbors, Inc.                          | Clean Harbors, Inc.                                   | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |     24061 | NS      | $2745841.32   | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| James River Group Holdings Ltd.              | James River Group Holdings, Ltd.                      | CUSIP: G5005R107<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     88670 | NS      | $1854089.70   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Envista Holdings Corporation                 | Envista Holdings Corp.                                | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |     94852 | NS      | $3193666.84   | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Hostess Brands Inc                           | Hostess Brands, Inc.                                  | CUSIP: 44109J106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    145919 | NS      | $3274422.36   | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corporation                   | Terreno Realty Corp.                                  | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30707 | NS      | $1746307.09   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| American Assets Trust Inc.                   | American Assets Trust, Inc.                           | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     70962 | NS      | $1880493.00   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries, Inc.                     | Valmont Industries, Inc.                              | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |      8569 | NS      | $2833511.23   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Commonwealth                          | Equity Commonwealth                                   | CUSIP: 294628102<br>LEI: 549300YPGVU9PR4L0606 | Long             | EC               | CORP              | US        |    135335 | NS      | $3379314.95   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Primo Water Corporation                      | Primo Water Corp.                                     | CUSIP: 74167P108<br>LEI: 5493005TMUI9D3MY9I37 | Long             | EC               | CORP              | CA        |     81607 | NS      | $1268172.78   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Company                    | Matador Resources Co.                                 | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |     62070 | NS      | $3552886.80   | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX Technologies, Inc.                       | SPX Technologies, Inc.                                | CUSIP: 78473E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43263 | NS      | $2840215.95   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenia Hotels & Resorts Inc                   | Xenia Hotels & Resorts, Inc.                          | CUSIP: 984017103<br>LEI: 54930075IWIPHF5IQL62 | Long             | EC               | CORP              | US        |    101553 | NS      | $1338468.54   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Bank                                 | Cadence Bank                                          | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |    127484 | NS      | $3143755.44   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| First Interstate Bancsystem Inc.             | FIRST INTERSTATE BANCSYSTEM, INC.                     | CUSIP: 32055Y201<br>LEI: 549300WRWYTYX0RCNJ43 | Long             | EC               | CORP              | US        |     97433 | NS      | $3765785.45   | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Envestnet Inc                                | Envestnet, Inc.                                       | CUSIP: 29404K106<br>LEI: 549300HLWZ5OKIDM8737 | Long             | EC               | CORP              | US        |     61262 | NS      | $3779865.40   | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| CVB Financial                                | CVB Financial Corp.                                   | CUSIP: 126600105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    131555 | NS      | $3387541.25   | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwest Natural Holding Company            | Northwest Natural Holdings Co.                        | CUSIP: 66765N105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47235 | NS      | $2247913.65   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa Inc                                   | Arcosa, Inc.                                          | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |     54995 | NS      | $2988428.30   | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Amalgamated Financial Corp.                  | Amalgamated Financial Corp.                           | CUSIP: 022671101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26827 | NS      | $618094.08    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Horace Mann Educators Corporation            | Horace Mann Educators Corp.                           | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               | CORP              | US        |    100211 | NS      | $3744885.07   | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Ollies Bargain Outlet Holdings Incorporation | Ollie's Bargain Outlet Holdings, Inc.                 | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |     56636 | NS      | $2652830.24   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Edge Properties                        | Urban Edge Properties                                 | CUSIP: 91704F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    145431 | NS      | $2049122.79   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Madden(Steven)Ltd.                           | Steven Madden Ltd.                                    | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |     86139 | NS      | $2753002.44   | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Hancock Whitney Corporation                  | Hancock Whitney Corporation                           | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               | CORP              | US        |     67282 | NS      | $3255775.98   | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corporation                      | Black Hills Corp.                                     | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |     38674 | NS      | $2720329.16   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Barnes Group Inc.                            | Barnes Group, Inc.                                    | CUSIP: 067806109<br>LEI: G1MSYD2DQZX30V5DMX12 | Long             | EC               | CORP              | US        |     87537 | NS      | $3575886.45   | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ChampionX Corporation                        | ChampionX Corp.                                       | CUSIP: 15872M104<br>LEI: 549300EP2909K6DYYP38 | Long             | EC               | CORP              | US        |    147019 | NS      | $4262080.81   | 3.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Pacific Financial Corp.              | Central Pacific Financial Corp.                       | CUSIP: 154760409<br>LEI: 549300W3YEAOZ4KGG849 | Long             | EC               | CORP              | US        |    139415 | NS      | $2827336.20   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                                   | Kirby Corp.                                           | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |     52410 | NS      | $3372583.50   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| SJW Group                                    | SJW Group                                             | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38842 | NS      | $3153581.98   | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus International Group Inc                | Janus International Group, Inc.                       | CUSIP: 47103N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     78285 | NS      | $745273.20    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Simply Good Foods Company                    | The Simply Good Foods Co.                             | CUSIP: 82900L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60865 | NS      | $2314695.95   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BJS Restaurants In                           | BJ's Restaurants, Inc.                                | CUSIP: 09180C106<br>LEI: 5299000EOW66I1OJNQ23 | Long             | EC               | CORP              | US        |     94286 | NS      | $2487264.68   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Paya Holdings Inc.                           | Paya Holdings, Inc.                                   | CUSIP: 70434P103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    243360 | NS      | $1915243.20   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilysys Inc                                 | Agilysys, Inc.                                        | CUSIP: 00847J105<br>LEI: 5299001XWB5V3B5IPN93 | Long             | EC               | CORP              | US        |     38794 | NS      | $3070157.16   | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Money Market Obligations Trust               | Federated Hermes Treasury Oligations Fund             | CUSIP: 60934N500<br>LEI: 25490005VWJDWX717014 | Long             | STIV             | RF                | US        |   3055004 | PA      | $3055003.74   | 2.68%             |  |  |  | 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