| CGM Advisor Targeted Equity Fund
Fund focus
CGM Advisor Targeted Equity Fund is an aggressive fund that invests in a relatively small number of well-established companies that the manager believes offer superior long-term growth potential.
What you should know
The fund is designed for those investors looking for a potential boost to returns who can withstand the ups and downs of a concentrated portfolio with above-average volatility. The fund employs a growth investment style that focuses on future expectations of a security, which may expose the fund to greater volatility if these expectations are not met.
Investment strategy
Manager Kenneth Heebner has guided the fund for over 30 years. He uses an earnings-driven approach, concentrating on a relatively small number of well-established companies in industries he believes will have earnings growth rates well above the overall economy. Heebner chooses the most compelling opportunities, regardless of industry or growth characteristics.
Top Five Holdings
| Information is as of 6/30/2008* |
| Petroleo Brasileiro SA, ADR |
10.13% |
| Schlumberger Ltd. |
6.54% |
| Halliburton Co. |
5.44% |
| MasterCard, Inc., Class A |
5.38% |
| Chevron Corp. |
5.18% |
View a complete list of holdings
for this fund.
Portfolio Manager
Managed by Capital Growth Management, L.P.
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| Kenneth Heebner |
The following information regarding this Fund is also available:
CGM Advisor Targeted Equity Fund holds fewer securities than a non-concentrated fund, entails additional risks, and is subject to greater volatility. This fund may invest in foreign securities. Investing in foreign securities involves risks not associated with domestic securities, such as currency fluctuations, differing political and economic conditions, and different accounting standards. The fund invests in growth stocks, which are more sensitive to market movements because their stock prices are based on future expectations. These risks affect your investment's value. See a prospectus for details.
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