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Trending ETFs

Cromwell CenterSquare Real Estate Fund

mutual fund
MRESX
Payout Change
Pending
Price as of:
$12.01 +0.12 +1.01%
primary theme
Real Estate Sector Equity
share class
MRESX (Mutual Fund)

Cromwell CenterSquare Real Estate Fund

Payout Change
Pending
Price as of:
$12.01 +0.12 +1.01%
primary theme
Real Estate Sector Equity
share class
MRESX (Mutual Fund)

Cromwell CenterSquare Real Estate Fund

Payout Change
Pending
Price as of:
$12.01 +0.12 +1.01%
primary theme
Real Estate Sector Equity
share class

Name

As of 10/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$12.01

$119 M

2.49%

$0.30

1.12%

Vitals

YTD Return

12.3%

1 yr return

33.1%

3 Yr Avg Return

1.5%

5 Yr Avg Return

5.0%

Net Assets

$119 M

Holdings in Top 10

50.2%

52 WEEK LOW AND HIGH

$11.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.12%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 68.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,000

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$12.01

$119 M

2.49%

$0.30

1.12%

MRESX - Profile

Distributions

  • YTD Total Return 12.3%
  • 3 Yr Annualized Total Return 1.5%
  • 5 Yr Annualized Total Return 5.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.84%
DIVIDENDS
  • Dividend Yield 2.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Cromwell CenterSquare Real Estate Fund
  • Fund Family Name
    AMGFUNDSGR
  • Inception Date
    Dec 31, 1997
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Dean Frankel

Fund Description

Under normal circumstances, the Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in stocks of companies principally engaged in the real estate industry, including Real Estate Investment Trusts (“REITs”).
For purposes of the Fund’s investment policies, CenterSquare Investment Management LLC (“CenterSquare Sub-Adviser” or “Sub-Adviser”) considers a company to be principally engaged in the real estate industry if it (i) derives at least 50% of its revenues or profits from the ownership, construction, management, financing or sale of residential, commercial or industrial real estate, or (ii) has at least 50% of its assets invested in residential, commercial or industrial real estate. The Fund invests primarily in REITs (mainly equity REITs), listed Real Estate Operating Companies (“REOCs”) and equity securities of companies whose principal business is the ownership management and/or development of income producing and for-sale real estate. Investments will primarily be comprised of equity REITs and REOCs but may also include hybrid and mortgage REITs.
The Fund may invest in companies representing a broad range of market capitalizations, which generally may include large-, mid-, and small-capitalization companies. The Fund also may invest up to 10% of the Fund’s assets in initial public offerings (“IPOs”) and up to 10% of the Fund’s assets in exchange-traded funds (“ETFs”). The IPOs and ETFs in which the Fund invests are primarily comprised of REITs or REOCs traded on U.S. exchanges.
The Fund is non-diversified and may hold a greater percentage of its assets in securities of a single issuer or a smaller number of issuers than a diversified fund. The Fund’s strategy generates high portfolio turnover.
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MRESX - Performance

Return Ranking - Trailing

Period MRESX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.3% -10.9% 21.9% 25.00%
1 Yr 33.1% -9.4% 41.6% 7.42%
3 Yr 1.5%* -12.1% 5.3% 22.05%
5 Yr 5.0%* -11.8% 15.3% 25.42%
10 Yr 7.0%* -2.2% 14.9% 31.93%

* Annualized

Return Ranking - Calendar

Period MRESX Return Category Return Low Category Return High Rank in Category (%)
2023 9.3% -17.6% 24.6% 33.85%
2022 -29.1% -51.3% 2.7% 31.25%
2021 33.8% -7.7% 52.3% 39.84%
2020 -4.8% -42.2% 35.0% 15.13%
2019 15.5% -0.8% 43.1% 62.34%

Total Return Ranking - Trailing

Period MRESX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.3% -10.9% 21.9% 25.00%
1 Yr 33.1% -9.4% 41.6% 7.42%
3 Yr 1.5%* -12.1% 5.3% 22.05%
5 Yr 5.0%* -11.8% 15.3% 25.42%
10 Yr 7.0%* -2.2% 14.9% 31.93%

* Annualized

Total Return Ranking - Calendar

Period MRESX Return Category Return Low Category Return High Rank in Category (%)
2023 11.7% -14.0% 25.0% 53.31%
2022 -24.7% -40.7% 7.8% 24.22%
2021 40.1% 7.8% 54.6% 55.78%
2020 -2.6% -36.6% 44.3% 25.63%
2019 22.9% 3.4% 46.4% 77.92%

NAV & Total Return History


MRESX - Holdings

Concentration Analysis

MRESX Category Low Category High MRESX % Rank
Net Assets 119 M 1.39 M 61.4 B 70.00%
Number of Holdings 48 22 519 30.62%
Net Assets in Top 10 58 M 1.29 M 32.8 B 73.64%
Weighting of Top 10 50.22% 13.2% 90.0% 73.64%

Top 10 Holdings

  1. American Tower Corp 9.22%
  2. Equinix Inc 7.42%
  3. Prologis Inc 7.07%
  4. Welltower Inc 4.85%
  5. UDR Inc 4.22%
  6. Ventas Inc 3.85%
  7. Extra Space Storage Inc 3.79%
  8. Digital Realty Trust Inc 3.66%
  9. Invitation Homes Inc 3.12%
  10. Equity Residential 3.01%

Asset Allocation

Weighting Return Low Return High MRESX % Rank
Stocks
99.06% 0.00% 105.52% 48.84%
Cash
0.94% -42.50% 19.87% 50.78%
Preferred Stocks
0.00% 0.00% 31.13% 74.81%
Other
0.00% -89.90% 107.80% 72.09%
Convertible Bonds
0.00% 0.00% 10.95% 70.82%
Bonds
0.00% -3.17% 155.83% 71.71%

Stock Sector Breakdown

Weighting Return Low Return High MRESX % Rank
Real Estate
100.00% 34.46% 100.00% 24.18%
Utilities
0.00% 0.00% 3.55% 69.67%
Technology
0.00% 0.00% 12.02% 93.44%
Industrials
0.00% 0.00% 7.39% 72.13%
Healthcare
0.00% 0.00% 0.53% 70.90%
Financial Services
0.00% 0.00% 37.05% 73.77%
Energy
0.00% 0.00% 33.11% 70.90%
Communication Services
0.00% 0.00% 11.61% 73.36%
Consumer Defense
0.00% 0.00% 0.93% 69.67%
Consumer Cyclical
0.00% 0.00% 45.29% 81.15%
Basic Materials
0.00% 0.00% 13.69% 70.90%

Stock Geographic Breakdown

Weighting Return Low Return High MRESX % Rank
US
99.06% 0.00% 105.52% 42.64%
Non US
0.00% 0.00% 37.90% 72.48%

MRESX - Expenses

Operational Fees

MRESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.12% 0.07% 28.75% 56.47%
Management Fee 0.60% 0.00% 1.50% 30.62%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.45% 72.60%

Sales Fees

MRESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

MRESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MRESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 68.00% 0.11% 380.00% 70.29%

MRESX - Distributions

Dividend Yield Analysis

MRESX Category Low Category High MRESX % Rank
Dividend Yield 2.49% 0.00% 13.03% 61.63%

Dividend Distribution Analysis

MRESX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Quarterly

Net Income Ratio Analysis

MRESX Category Low Category High MRESX % Rank
Net Income Ratio 0.84% -1.14% 6.05% 65.49%

Capital Gain Distribution Analysis

MRESX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Semi-Annually

Distributions History

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MRESX - Fund Manager Analysis

Managers

Dean Frankel


Start Date

Tenure

Tenure Rank

Mar 26, 2004

18.19

18.2%

Dean Frankel is the Global Co-Head, Real Estate Securities at CenterSquare Investment Management. Mr. Frankel is responsible for management of the firm's proprietary research process, as well as analyzing and interpreting the implications of major events and economic trends. Mr. Frankel manages the daily operations of the real estate securities portfolios and has ultimate decision-making authority for the core U.S. and Global REIT strategies. Mr. Frankel joined CenterSquare in 1997 and has served as Senior Portfolio Manager since 2006. He manages CenterSquare’s proprietary research process and oversees the CenterSquare Investment Management, Inc.'s real estate securities trading activities. Mr. Frankel holds a B.S. in Economics from the University of Pennsylvania's Wharton School of Business.

Eric Rothman


Start Date

Tenure

Tenure Rank

Nov 30, 2006

15.51

15.5%

Mr. Rothman serves as Portfolio Manager for CenterSquare Investment Management’s real estate securities group. He joined the firm in 2006, and is responsible for market research, sector allocations, research, and financial modeling across the real estate securities universe. He has over 20 years of REIT and real estate investment experience. Prior to joining CenterSquare, he spent more than six years as a sell-side REIT analyst at Wachovia Securities and three years as an analyst at AEW Capital Management, LP. Mr. Rothman graduated cum laude from Boston University with a B.A. in Economics, International Relations and French.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 28.42 8.16 2.68