# EDGAR Filing Document

**Accession Number:** 0001322252
**File Stem:** 0001752724-25-203727
**Filing Date:** 2025-8
**Character Count:** 34465
**Document Hash:** 7505b3e1715ee07320ef0c718431941f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-203727.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-203727

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20250630

**FILER**: 

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

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21749
- **FILM NUMBER:** 251253454

**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 LONG/SHORT OPPORTUNITIES FUND (Series ID: S000054584)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000171454 | INSTITUTIONAL SHARES | CRIHX           |

## 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:** 300 First Stamford Pl

  - **City:** Stamford

  - **State:** CT

  - **Foreign country:** US

  - **Zip / Postal Code:** 6902

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

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

- **a. Name of Series:** CRM LONG/SHORT OPPORTUNITIES

- **b. EDGAR series identifier (if any):** S000054584

- **c. LEI of Series:** 549300O40P4UKGEE8537

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

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $364004530.12

**Total Liabilities:** $119346429.97

**Net Assets:** $244658100.15

**Cash Not Reported:** $58686743.47

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000171454 | -1.46%               | 2.70%                | 2.12%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2954462.62             | $-1567094.40                               |
| Month 2  | $1826465.35              | $7464074.51                                |
| Month 3  | $-2286865.67             | $9994475.13                                |

**Designated Index Information**

- **Index Name:** S&P 500 (TR)

- **Index Identifier:** 500TR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Itron, Inc.                                | Itron, Inc.                                           | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |     53514 | NS      | $7044047.82   | 2.88%             |  |  |  | No            | 1                  | On Loan: No      |
| Zions Bancorporation Natl Assn Global Bank | Zions Bancorporation                                  | CUSIP: 989701107<br>LEI: 8WH0EE09O9V05QJZ3V89 | Short            | EC               | CORP              | US        |    -29613 | NS      | $-1538099.22  | -0.63%            |  |  |  | No            | 1                  | On Loan: No      |
| MORGAN STANLEY & CO. LLC                   | Morgan Stanley Custom Swap Index (MSCM1318)           | CUSIP: N/A<br>LEI: 9R7GPTSO7KV3UQJZQ078       | Short            | DE               | CORP              | US        |    -35918 | NC      | $-194530.22   | -0.08%            |  |  |  | No            | N/A                | On Loan: No      |
| Hanesbrands Inc.                           | Hanesbrands, Inc.                                     | CUSIP: 410345102<br>LEI: GX5LWVWZLL5S4W1L2F20 | Short            | EC               | CORP              | US        |   -289030 | NS      | $-1323757.40  | -0.54%            |  |  |  | No            | 1                  | On Loan: No      |
| MORGAN STANLEY & CO. LLC                   | Morgan Stanley Custom Swap Index (MSCM1309)           | CUSIP: N/A<br>LEI: 9R7GPTSO7KV3UQJZQ078       | Short            | DE               | CORP              | US        |    -36195 | NC      | $-31072.92    | -0.01%            |  |  |  | No            | N/A                | On Loan: No      |
| Clean Harbors, Inc.                        | Clean Harbors, Inc.                                   | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |     32814 | NS      | $7585940.52   | 3.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Broadcom Inc                               | Broadcom, Inc.                                        | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     40472 | NS      | $11156106.80  | 4.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Zoominfo Technologies Inc                  | ZoomInfo, Technologies, Inc.                          | CUSIP: 98980F104<br>LEI: 2549008GSAHW4UWFEM58 | Long             | EC               | CORP              | US        |    613367 | NS      | $6207274.04   | 2.54%             |  |  |  | No            | 1                  | On Loan: No      |
| MORGAN STANLEY & CO. LLC                   | Morgan Stanley Custom Swap Index (MSCM1312)           | CUSIP: N/A<br>LEI: 9R7GPTSO7KV3UQJZQ078       | Short            | DE               | CORP              | US        |    -36480 | NC      | $-124947.04   | -0.05%            |  |  |  | No            | N/A                | On Loan: No      |
| MORGAN STANLEY & CO. LLC                   | Morgan Stanley Custom Swap Index (MSCM1321)           | CUSIP: N/A<br>LEI: 9R7GPTSO7KV3UQJZQ078       | Short            | DE               | CORP              | US        |    -36268 | NC      | $-96316.54    | -0.04%            |  |  |  | No            | N/A                | On Loan: No      |
| Franklin Electric Co Inc                   | Franklin Electric Co., Inc.                           | CUSIP: 353514102<br>LEI: RR6AURIKMXUE4Q24G284 | Short            | EC               | CORP              | US        |    -13898 | NS      | $-1247206.52  | -0.51%            |  |  |  | No            | 1                  | On Loan: No      |
| Masimo Corporation                         | Masimo Corp.                                          | CUSIP: 574795100<br>LEI: 549300Q4A8JK0PIYCU29 | Long             | EC               | CORP              | US        |     26362 | NS      | $4434615.64   | 1.81%             |  |  |  | No            | 1                  | On Loan: No      |
| The Charles Schwab Corporation             | Charles Schwab Corp./The                              | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     49050 | NS      | $4475322.00   | 1.83%             |  |  |  | No            | 1                  | On Loan: No      |
| Xylem, Inc.                                | Xylem, Inc.                                           | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |     35502 | NS      | $4592538.72   | 1.88%             |  |  |  | No            | 1                  | On Loan: No      |
| MORGAN STANLEY & CO. LLC                   | Morgan Stanley Custom Swap Index (MSCM1316)           | CUSIP: N/A<br>LEI: 9R7GPTSO7KV3UQJZQ078       | Short            | DE               | CORP              | US        |    -35975 | NC      | $-98567.75    | -0.04%            |  |  |  | No            | N/A                | On Loan: No      |
| NextEra Energy Inc                         | NextEra Energy, Inc.                                  | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     73449 | NS      | $5098829.58   | 2.08%             |  |  |  | No            | 1                  | On Loan: No      |
| MORGAN STANLEY & CO. LLC                   | Morgan Stanley Custom Swap Index (MSCM1320)           | CUSIP: N/A<br>LEI: 9R7GPTSO7KV3UQJZQ078       | Short            | DE               | CORP              | US        |    -36056 | NC      | $-185123.69   | -0.08%            |  |  |  | No            | N/A                | On Loan: No      |
| MORGAN STANLEY & CO. LLC                   | Morgan Stanley Custom Swap Index (MSCM1310)           | CUSIP: N/A<br>LEI: 9R7GPTSO7KV3UQJZQ078       | Short            | DE               | CORP              | US        |    -36113 | NC      | $-41385.04    | -0.02%            |  |  |  | No            | N/A                | On Loan: No      |
| Knowles Corporation                        | Knowles Corp.                                         | CUSIP: 49926D109<br>LEI: 5493003EO323TDZQU148 | Long             | EC               | CORP              | US        |    284688 | NS      | $5016202.56   | 2.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Acuity Inc.                                | Acuity Brands, Inc.                                   | CUSIP: 00508Y102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -7845 | NS      | $-2340477.30  | -0.96%            |  |  |  | No            | 1                  | On Loan: No      |
| Matador Resources Company                  | Matador Resources Co.                                 | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |     53140 | NS      | $2535840.80   | 1.04%             |  |  |  | No            | 1                  | On Loan: No      |
| MORGAN STANLEY & CO. LLC                   | Morgan Stanley Custom Swap Index (MSCM1319)           | CUSIP: N/A<br>LEI: 9R7GPTSO7KV3UQJZQ078       | Short            | DE               | CORP              | US        |    -36056 | NC      | $-95588.91    | -0.04%            |  |  |  | No            | N/A                | On Loan: No      |
| Bank of Hawaii Corp.                       | Bank of Hawaii Corp.                                  | CUSIP: 062540109<br>LEI: 5493006Q8BQ8AD8M2U33 | Long             | EC               | CORP              | US        |     80610 | NS      | $5443593.30   | 2.22%             |  |  |  | No            | 1                  | On Loan: No      |
| On Holding AG                              | On Holding AG                                         | CUSIP: H5919C104<br>LEI: N/A                  | Short            | EC               | CORP              | CH        |    -44586 | NS      | $-2320701.30  | -0.95%            |  |  |  | No            | 1                  | On Loan: No      |
| Money Market Obligations Trust             | Federated Hermes Treasury Oligations Fund             | CUSIP: 60934N500<br>LEI: 25490005VWJDWX717014 | Long             | STIV             | RF                | US        |  11035878 | PA      | $11035877.77  | 4.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Pandora A/S                                | Pandora A/S                                           | CUSIP: K7681L102<br>LEI: 5299007OWYZ6I1E46843 | Short            | EC               | CORP              | DK        |     -4114 | NS      | $-722349.28   | -0.30%            |  |  |  | No            | 1                  | On Loan: No      |
| Regal Rexnord Corporation                  | Regal Rexnord Corp.                                   | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |     51527 | NS      | $7469353.92   | 3.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Range Resources Corp.                      | Range Resources Corp.                                 | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |    155321 | NS      | $6316905.07   | 2.58%             |  |  |  | No            | 1                  | On Loan: No      |
| MORGAN STANLEY & CO. LLC                   | Morgan Stanley Custom Swap Index (MSCM1315)           | CUSIP: N/A<br>LEI: 9R7GPTSO7KV3UQJZQ078       | Short            | DE               | CORP              | US        |    -36382 | NC      | $-146621.94   | -0.06%            |  |  |  | No            | N/A                | On Loan: No      |
| Teledyne Technologies Inc                  | Teledyne Technologies, Inc.                           | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |      5646 | NS      | $2892502.26   | 1.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Lowes Companies, Inc.                      | Lowe's Cos., Inc.                                     | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Short            | EC               | CORP              | US        |    -13246 | NS      | $-2938890.02  | -1.20%            |  |  |  | No            | 1                  | On Loan: No      |
| Champion Homes Inc.                        | Skyline Champion Corp.                                | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    120112 | NS      | $7520212.32   | 3.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Tractor Supply Co                          | Tractor Supply Co.                                    | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Short            | EC               | CORP              | US        |    -46427 | NS      | $-2449952.79  | -1.00%            |  |  |  | No            | 1                  | On Loan: No      |
| WK Kellogg Co                              | WK Kellogg Co                                         | CUSIP: 92942W107<br>LEI: 529900SWC935GFWUJ804 | Short            | EC               | CORP              | US        |    -78223 | NS      | $-1246874.62  | -0.51%            |  |  |  | No            | 1                  | On Loan: No      |
| The Kroger Co.                             | Kroger Co./The                                        | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Short            | EC               | CORP              | US        |    -35836 | NS      | $-2570516.28  | -1.05%            |  |  |  | No            | 1                  | On Loan: No      |
| MORGAN STANLEY & CO. LLC                   | Morgan Stanley Custom Swap Index (MSCM1317)           | CUSIP: N/A<br>LEI: 9R7GPTSO7KV3UQJZQ078       | Short            | DE               | CORP              | US        |    -36179 | NC      | $-102505.21   | -0.04%            |  |  |  | No            | N/A                | On Loan: No      |
| Bio-Techne Corp                            | Bio-Techne Corp.                                      | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |     99795 | NS      | $5134452.75   | 2.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Victorias Secret and Co                    | Victoria's Secret & Co.                               | CUSIP: 926400102<br>LEI: 5493006T3O70U3UWVF17 | Long             | EC               | CORP              | US        |    311408 | NS      | $5767276.16   | 2.36%             |  |  |  | No            | 1                  | On Loan: No      |
| WillScot Holdings Corporation              | WillScot Mobile Mini Holdings Corp.                   | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |    146189 | NS      | $4005578.60   | 1.64%             |  |  |  | No            | 1                  | On Loan: No      |
| Atmos Energy Corp.                         | Atmos Energy Corp.                                    | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |     31584 | NS      | $4867410.24   | 1.99%             |  |  |  | No            | 1                  | On Loan: No      |
| Madden(Steven)Ltd.                         | Steven Madden Ltd.                                    | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |     94174 | NS      | $2258292.52   | 0.92%             |  |  |  | No            | 1                  | On Loan: No      |
| BlackRock Liquidity Funds                  | Blackrock Liquidity Funds T-Fund Institutional Shares | CUSIP: 09248U718<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |  11035878 | PA      | $11035877.87  | 4.51%             |  |  |  | No            | 1                  | On Loan: No      |
| MORGAN STANLEY & CO. LLC                   | Morgan Stanley Custom Swap Index (MSCM1325)           | CUSIP: N/A<br>LEI: 9R7GPTSO7KV3UQJZQ078       | Short            | DE               | CORP              | US        |    -36748 | NC      | $13607.78     | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| MORGAN STANLEY & CO. LLC                   | Morgan Stanley Custom Swap Index (MSCM1323)           | CUSIP: N/A<br>LEI: 9R7GPTSO7KV3UQJZQ078       | Short            | DE               | CORP              | US        |    -36504 | NC      | $20955.33     | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| Oshkosh Corporation                        | Oshkosh Corp.                                         | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Short            | EC               | CORP              | US        |    -20277 | NS      | $-2302250.58  | -0.94%            |  |  |  | No            | 1                  | On Loan: No      |
| Siteone Landscape Supply Inc               | SiteOne Landscape Supply, Inc.                        | CUSIP: 82982L103<br>LEI: 5299008LX7SBD4HIAU03 | Short            | EC               | CORP              | US        |    -10224 | NS      | $-1236490.56  | -0.51%            |  |  |  | No            | 1                  | On Loan: No      |
| American Eagle Outfitters Inc.             | American Eagle Outfitters, Inc.                       | CUSIP: 02553E106<br>LEI: 5299001Z9HXK01DHW793 | Short            | EC               | CORP              | US        |   -266790 | NS      | $-2566519.80  | -1.05%            |  |  |  | No            | 1                  | On Loan: No      |
| MORGAN STANLEY & CO. LLC                   | Morgan Stanley Custom Swap Index (MSCM1313)           | CUSIP: N/A<br>LEI: 9R7GPTSO7KV3UQJZQ078       | Short            | DE               | CORP              | US        |    -36488 | NC      | $-61172.93    | -0.03%            |  |  |  | No            | N/A                | On Loan: No      |
| Yeti Holdings Inc                          | Yeti Holdings, Inc.                                   | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Short            | EC               | CORP              | US        |    -20879 | NS      | $-658106.08   | -0.27%            |  |  |  | No            | 1                  | On Loan: No      |
| Sun Communities, Inc.                      | Sun Communities, Inc.                                 | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |     36985 | NS      | $4678232.65   | 1.91%             |  |  |  | No            | 1                  | On Loan: No      |
| Illumina Inc                               | Illumina, Inc.                                        | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Short            | EC               | CORP              | US        |    -10607 | NS      | $-1012013.87  | -0.41%            |  |  |  | No            | 1                  | On Loan: No      |
| Starbucks Corp.                            | Starbucks Corp.                                       | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Short            | EC               | CORP              | US        |    -15201 | NS      | $-1392867.63  | -0.57%            |  |  |  | No            | 1                  | On Loan: No      |
| BankUnited Inc.                            | BankUnited, Inc.                                      | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |    207361 | NS      | $7379977.99   | 3.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Avery Dennison Corporation                 | Avery Dennison Corp.                                  | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |     13825 | NS      | $2425872.75   | 0.99%             |  |  |  | No            | 1                  | On Loan: No      |
| Evercore Inc                               | Evercore Partners, Inc.                               | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |     32456 | NS      | $8763769.12   | 3.58%             |  |  |  | No            | 1                  | On Loan: No      |
| HUB Group Inc                              | Hub Group, Inc.                                       | CUSIP: 443320106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    179280 | NS      | $5993330.40   | 2.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Gates Industrial Corp PLC                  | Gates Industrial Corp. PLC                            | CUSIP: G39108108<br>LEI: 549300S6K4FWUSB9KM27 | Short            | EC               | CORP              | GB        |    -33287 | NS      | $-766599.61   | -0.31%            |  |  |  | No            | 1                  | On Loan: No      |
| Vontier Corporation                        | Vontier Corp.                                         | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |    154278 | NS      | $5692858.20   | 2.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Burlington Stores Inc.                     | Burlington Stores, Inc.                               | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |     25173 | NS      | $5856246.72   | 2.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Terex Corporation                          | Terex Corp.                                           | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Short            | EC               | CORP              | US        |    -26118 | NS      | $-1219449.42  | -0.50%            |  |  |  | No            | 1                  | On Loan: No      |
| TKO Group Holdings Inc.                    | Hayward Holdings, Inc.                                | CUSIP: 87256C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    392124 | NS      | $5411311.20   | 2.21%             |  |  |  | No            | 1                  | On Loan: No      |
| MORGAN STANLEY & CO. LLC                   | Morgan Stanley Custom Swap Index (MSCM1311)           | CUSIP: N/A<br>LEI: 9R7GPTSO7KV3UQJZQ078       | Short            | DE               | CORP              | US        |    -36342 | NC      | $34019.03     | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| BJS Restaurants In                         | BJ's Restaurants, Inc.                                | CUSIP: 09180C106<br>LEI: 5299000EOW66I1OJNQ23 | Long             | EC               | CORP              | US        |     93302 | NS      | $4161269.20   | 1.70%             |  |  |  | No            | 1                  | On Loan: No      |
| IQVIA Holdings Inc.                        | IQVIA Holdings, Inc.                                  | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Short            | EC               | CORP              | US        |     -7747 | NS      | $-1220849.73  | -0.50%            |  |  |  | No            | 1                  | On Loan: No      |
| MORGAN STANLEY & CO. LLC                   | Morgan Stanley Custom Swap Index (MSCM1306)           | CUSIP: N/A<br>LEI: 9R7GPTSO7KV3UQJZQ078       | Short            | DE               | CORP              | US        |    -35918 | NC      | $-89312.16    | -0.04%            |  |  |  | No            | N/A                | On Loan: No      |
| Eagle Materials Inc.                       | Eagle Materials, Inc.                                 | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     26704 | NS      | $5397145.44   | 2.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Cheesecake Factory Inc                     | Cheesecake Factory, Inc./The                          | CUSIP: 163072101<br>LEI: 529900872XMLK10SY247 | Short            | EC               | CORP              | US        |    -14142 | NS      | $-886137.72   | -0.36%            |  |  |  | No            | 1                  | On Loan: No      |
| MORGAN STANLEY & CO. LLC                   | Morgan Stanley Custom Swap Index (MSCM1307)           | CUSIP: N/A<br>LEI: 9R7GPTSO7KV3UQJZQ078       | Short            | DE               | CORP              | US        |    -35926 | NC      | $50974.05     | 0.02%             |  |  |  | No            | N/A                | On Loan: No      |
| Valmont Industries, Inc.                   | Valmont Industries, Inc.                              | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Short            | EC               | CORP              | US        |     -1890 | NS      | $-617217.30   | -0.25%            |  |  |  | No            | 1                  | On Loan: No      |
| MORGAN STANLEY & CO. LLC                   | Morgan Stanley Custom Swap Index (MSCM1314)           | CUSIP: N/A<br>LEI: 9R7GPTSO7KV3UQJZQ078       | Short            | DE               | CORP              | US        |    -36521 | NC      | $-131676.93   | -0.05%            |  |  |  | No            | N/A                | On Loan: No      |
| Arhaus Inc                                 | Arhaus Inc                                            | CUSIP: 04035M102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -221577 | NS      | $-1921072.59  | -0.79%            |  |  |  | No            | 1                  | On Loan: No      |
| MORGAN STANLEY & CO. LLC                   | Morgan Stanley Custom Swap Index (MSCM1322)           | CUSIP: N/A<br>LEI: 9R7GPTSO7KV3UQJZQ078       | Short            | DE               | CORP              | US        |    -36700 | NC      | $-19472.24    | -0.01%            |  |  |  | No            | N/A                | On Loan: No      |
| V.F. Corp                                  | VF Corp.                                              | CUSIP: 918204108<br>LEI: CWAJJ9DJ5Z7P057HV541 | Short            | EC               | CORP              | US        |   -147297 | NS      | $-1730739.75  | -0.71%            |  |  |  | No            | 1                  | On Loan: No      |
| Biolife Solutions Inc.                     | BioLife Solutions Inc                                 | CUSIP: 09062W204<br>LEI: 549300G2IVCMC2TJDW72 | Long             | EC               | CORP              | US        |    163109 | NS      | $3513367.86   | 1.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Capital One Financial Corp.                | Capital One Financial Corp.                           | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |     40325 | NS      | $8579547.00   | 3.51%             |  |  |  | No            | 1                  | On Loan: No      |
| MORGAN STANLEY & CO. LLC                   | Morgan Stanley Custom Swap Index (MSCM1324)           | CUSIP: N/A<br>LEI: 9R7GPTSO7KV3UQJZQ078       | Short            | DE               | CORP              | US        |    -36771 | NC      | $1937.76      | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| Concentra Group Holdings Parent Inc        | Concentra Group Holdings Parent, Inc.                 | CUSIP: 20603L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    186376 | NS      | $3833754.32   | 1.57%             |  |  |  | No            | 1                  | On Loan: No      |
| Ciena Corporation                          | Ciena Corp.                                           | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |     65308 | NS      | $5311499.64   | 2.17%             |  |  |  | No            | 1                  | On Loan: No      |
| MORGAN STANLEY & CO. LLC                   | Morgan Stanley Custom Swap Index (MSCM1308)           | CUSIP: N/A<br>LEI: 9R7GPTSO7KV3UQJZQ078       | Short            | DE               | CORP              | US        |    -36236 | NC      | $26179.85     | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| Canadian Pacific Kansas City Ltd.          | Canadian Pacific Kansas City Ltd.                     | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     73343 | NS      | $5813899.61   | 2.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Becle Sab DE CV                            | Becle SAB de CV                                       | CUSIP: P0929Y106<br>LEI: 529900JY55CZKMJLCE09 | Long             | EC               | CORP              | MX        |   2043281 | NS      | $2475793.66   | 1.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Meta Platforms Inc                         | Meta Platforms, Inc.                                  | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      4090 | NS      | $3018788.10   | 1.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Mobileye Global Inc                        | Mobileye Global Inc                                   | CUSIP: 60741F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    360450 | NS      | $6480891.00   | 2.65%             |  |  |  | No            | 1                  | On Loan: No      |
| Icon PLC                                   | ICON PLC                                              | CUSIP: G4705A100<br>LEI: 6354008SRQGEMC4XFI67 | Short            | EC               | CORP              | IE        |     -8147 | NS      | $-1184981.15  | -0.48%            |  |  |  | No            | 1                  | On Loan: No      |
| Cargurus Inc                               | Cargurus, Inc.                                        | CUSIP: 141788109<br>LEI: 54930027BKQN6B7X7G78 | Short            | EC               | CORP              | US        |    -76357 | NS      | $-2555668.79  | -1.04%            |  |  |  | No            | 1                  | On Loan: No      |
| Renaissancere Holdings Ltd.                | RenaissanceRe Holdings Ltd.                           | CUSIP: G7496G103<br>LEI: EK6GB9U3U58PDI411C94 | Short            | EC               | CORP              | BM        |     -5352 | NS      | $-1300000.80  | -0.53%            |  |  |  | No            | 1                  | On Loan: No      |
| First American Financial Corporation       | First American Financial Corp.                        | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |    135639 | NS      | $8326878.21   | 3.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Hilton Worldwide Holdings Inc              | Hilton Worldwide Holdings, Inc.                       | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Short            | EC               | CORP              | US        |     -8138 | NS      | $-2167474.92  | -0.89%            |  |  |  | No            | 1                  | On Loan: No      |
| ACV Auctions Inc                           | ACV Auctions, Inc.                                    | CUSIP: 00091G104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    432718 | NS      | $7018685.96   | 2.87%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

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

**Signature:** Zachary Richmond

**Name of Signer:** Zachary Richmond

**Title:** Treasurer