Fund Evaluator:
CM Advisors Fixed Income (CMFIX)
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Fund Details
CM Advisors Fixed Income Overview
CM Advisors Fixed Income (CMFIX) is an actively managed Taxable Bond Short-Term Bond fund. CM Advisors launched the fund in 2006.
The investment seeks to preserve capital and maximize total return. The fund invests primarily in U.S. dollar denominated fixed income securities that the Advisor believes are undervalued. It may invest in all types of fixed income securities but will typically invest in fixed income securities such as corporate bonds, U.S. government securities and mortgage-backed securities. At least 80% of its net assets (including the amount of any borrowings for investment purposes) will be invested in fixed income investments, which include fixed income securities and shares of other RICs that invest primarily in fixed income securities.
About CM Advisors Fixed Income (CMFIX)
There are 2 members of the management team with an average tenure of 5.97 years: William Brilliant (2025), James Brilliant (2015). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. CM Advisors Fixed Income has 84 securities in its portfolio. The top 10 holdings constitute 31.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
CM Advisors Fixed Income is part of the Fixed Income global asset class and is within the Taxable Bond fund group. CM Advisors Fixed Income has 1.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 10.5%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 82.0% (80.2% domestic bond, 1.8% foreign bond and 0.0% convertible bond). CM Advisors Fixed Income has 7.6% of the portfolio in cash.
Assets Under Management
The fund has $31 million in total assets, which is below the $904 million average for the Short-Term Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
CMFIX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The CM Advisors Fixed Income expense ratio is high compared to funds in the Short-Term Bond category. CM Advisors Fixed Income has an expense ratio of 0.88%, which is 33% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. CM Advisors Fixed Income has a portfolio turnover rate of 29%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 135% for the Short-Term Bond category.
Recently, in the month of July 2026, CM Advisors Fixed Income returned 1.1%, which earned it a grade of A, as the Short-Term Bond category had an average return of -0.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
CM Advisors Fixed Income has a trailing yield of 4.31%, which is above the 4.16% category average. The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
CM Advisors Fixed Income Grades
Year to date, the fund has returned 1.7%, 0.8 percentage points better than the category, which translates into a grade of A. The fund has returned 4.7% over the past year (grade of A), 7.9% over the past three years (grade of A) and 4.8% per year over the past five years (grade of A) and 3.1% per year over the past 10 years (grade of A).
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CMFIX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CMFIX Return (NAV) | 1.1% | 0.5% | 4.7% | 7.9% | 4.8% | 3.1% |
| CMFIX Grade | A | B | A | A | A | A |
| +/- Category | 1.2% | 0.2% | 1.3% | 2.9% | 2.5% | 0.8% |
| Short-Term Bond Avg | -0.0% | 0.3% | 3.4% | 5.0% | 2.2% | 2.3% |
| CMFIX Tax Cost Ratio | na | na | 1.7% | 1.8% | 1.5% | 1.2% |
CMFIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CMFIX Return (NAV) | 1.7% | 8.7% | 4.5% | 12.4% | -3.7% | 3.1% | 0.9% | 2.8% | -1.6% | 2.3% | 6.9% |
| CMFIX Grade | A | A | D | A | A | A | F | F | F | B | A |
| +/- Category | 0.8% | 2.8% | -0.4% | 6.8% | 1.4% | 3.1% | -3.3% | -2.0% | -2.4% | 0.4% | 4.4% |
| Short-Term Bond Avg | 0.9% | 5.9% | 4.9% | 5.6% | -5.0% | -0.0% | 4.2% | 4.8% | 0.7% | 1.9% | 2.5% |
| Risk Measures | |
| Standard Deviation: | 3.0% |
| Total Risk Index: | 0.24 - Low |
| Category Risk Index: | 1.51 - High |
| Category Risk Grade: | F (92% Rank) |
| Beta: | -0.03 |
| R-Squared: | 0% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 4.3% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $31 Mil |
| Fund Total Assets: | $ 32 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 29% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 10.8 years | |||
| Average Tenure: 6.0 years | |||
| Managers (Year): Brilliant James (2015), Brilliant William (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 84 |
| % in Top 10 Holdings: | 31.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 1.8% |
Portfolio Allocation |
|
| Domestic Stock: | 10.5% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 80.2% |
| Foreign Bond: | 1.8% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 7.6% |
Purchase Information
| Fund Family: | CM Advisors |
| Phone Number: | 888-859-5856 |
| Website: | www.cmadvisorsfunds.com |
| Status: | Open |
| Inception Date: | March 24, 2006 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.88% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.66% |
| Share Class: | CM Advisors Fixed Income |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
