Cromwell CenterSquare Real Estate Z
Name
As of 02/28/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
3.5%
1 yr return
-18.6%
3 Yr Avg Return
-1.5%
5 Yr Avg Return
1.7%
Net Assets
$199 M
Holdings in Top 10
45.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.77%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 68.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000,000
IRA
$50,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 02/28/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MREZX - Profile
Distributions
- YTD Total Return 3.5%
- 3 Yr Annualized Total Return -1.5%
- 5 Yr Annualized Total Return 2.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.09%
- Dividend Yield 2.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameCromwell CenterSquare Real Estate Fund
-
Fund Family NameCromwell Funds
-
Inception DateFeb 24, 2017
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerDean Frankel
Fund Description
MREZX - Performance
Return Ranking - Trailing
Period | MREZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.5% | -49.2% | 12.3% | 80.49% |
1 Yr | -18.6% | -47.4% | 116.2% | 55.94% |
3 Yr | -1.5%* | -21.4% | 31.0% | 32.43% |
5 Yr | 1.7%* | -14.5% | 18.3% | 30.80% |
10 Yr | N/A* | -9.5% | 11.0% | 31.31% |
* Annualized
Return Ranking - Calendar
Period | MREZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -29.0% | -51.3% | 81.2% | 37.89% |
2022 | 15.7% | -21.3% | 31.3% | 37.68% |
2021 | -1.6% | -14.7% | 41.4% | 21.24% |
2020 | 3.7% | -26.4% | 9.4% | 60.40% |
2019 | -1.7% | -10.9% | 7.8% | 44.07% |
Total Return Ranking - Trailing
Period | MREZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.5% | -49.2% | 12.3% | 80.49% |
1 Yr | -18.6% | -47.4% | 116.2% | 56.25% |
3 Yr | -1.5%* | -21.4% | 31.0% | 32.95% |
5 Yr | 2.4%* | -14.5% | 21.7% | 29.29% |
10 Yr | N/A* | -9.5% | 14.2% | 29.95% |
* Annualized
Total Return Ranking - Calendar
Period | MREZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -29.0% | -51.3% | 81.2% | 37.89% |
2022 | 15.7% | -21.3% | 31.3% | 37.68% |
2021 | -1.6% | -14.7% | 41.4% | 21.24% |
2020 | 3.7% | -26.4% | 9.4% | 60.40% |
2019 | -1.1% | -10.7% | 8.2% | 29.24% |
NAV & Total Return History
MREZX - Holdings
Concentration Analysis
MREZX | Category Low | Category High | MREZX % Rank | |
---|---|---|---|---|
Net Assets | 199 M | 1.28 M | 78.4 B | 65.17% |
Number of Holdings | 54 | 20 | 642 | 30.87% |
Net Assets in Top 10 | 101 M | 7.44 K | 35.2 B | 63.76% |
Weighting of Top 10 | 45.41% | 15.9% | 99.8% | 68.04% |
Top 10 Holdings
- American Tower Corp 8.04%
- Prologis Inc 7.95%
- Equinix Inc 5.46%
- Crown Castle International Corp 4.88%
- Public Storage 3.47%
- Ventas Inc 3.26%
- AvalonBay Communities Inc 3.24%
- Mid-America Apartment Communities Inc 3.18%
- SBA Communications Corp 3.08%
- Essex Property Trust Inc 3.05%
Asset Allocation
Weighting | Return Low | Return High | MREZX % Rank | |
---|---|---|---|---|
Stocks | 99.36% | 0.01% | 106.94% | 34.90% |
Cash | 0.64% | -98.06% | 25.84% | 60.40% |
Preferred Stocks | 0.00% | -0.12% | 33.96% | 77.18% |
Other | 0.00% | -1.70% | 94.17% | 76.17% |
Convertible Bonds | 0.00% | 0.00% | 10.95% | 73.83% |
Bonds | 0.00% | -3.17% | 97.45% | 75.17% |
Stock Sector Breakdown
Weighting | Return Low | Return High | MREZX % Rank | |
---|---|---|---|---|
Real Estate | 100.00% | 34.46% | 100.00% | 27.21% |
Utilities | 0.00% | 0.00% | 9.09% | 71.73% |
Technology | 0.00% | 0.00% | 12.02% | 79.51% |
Industrials | 0.00% | 0.00% | 7.39% | 73.85% |
Healthcare | 0.00% | 0.00% | 0.53% | 72.44% |
Financial Services | 0.00% | 0.00% | 37.05% | 75.62% |
Energy | 0.00% | 0.00% | 33.11% | 72.44% |
Communication Services | 0.00% | 0.00% | 11.61% | 73.50% |
Consumer Defense | 0.00% | 0.00% | 1.53% | 71.73% |
Consumer Cyclical | 0.00% | 0.00% | 45.29% | 84.81% |
Basic Materials | 0.00% | 0.00% | 13.69% | 71.73% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | MREZX % Rank | |
---|---|---|---|---|
US | 99.36% | 0.01% | 101.17% | 26.17% |
Non US | 0.00% | 0.00% | 44.90% | 84.23% |
MREZX - Expenses
Operational Fees
MREZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.77% | 0.07% | 4.72% | 73.74% |
Management Fee | 0.60% | 0.00% | 1.50% | 31.08% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.15% | 0.01% | 0.45% | 72.73% |
Sales Fees
MREZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 2.25% | N/A |
Trading Fees
MREZX 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.
MREZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 68.00% | 0.11% | 380.00% | 69.03% |
MREZX - Distributions
Dividend Yield Analysis
MREZX | Category Low | Category High | MREZX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.99% | 0.00% | 20.32% | 48.83% |
Dividend Distribution Analysis
MREZX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Quarterly | Quarterly | Quarterly |
Net Income Ratio Analysis
MREZX | Category Low | Category High | MREZX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.09% | -1.14% | 6.05% | 45.14% |
Capital Gain Distribution Analysis
MREZX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 28, 2022 | $0.060 | OrdinaryDividend |
Jun 28, 2022 | $0.051 | OrdinaryDividend |
Mar 29, 2022 | $0.040 | OrdinaryDividend |
Jun 28, 2021 | $0.058 | OrdinaryDividend |
Mar 29, 2021 | $0.049 | OrdinaryDividend |
Sep 28, 2020 | $0.028 | OrdinaryDividend |
Jun 26, 2020 | $0.029 | OrdinaryDividend |
Mar 27, 2020 | $0.041 | OrdinaryDividend |
Dec 16, 2019 | $0.479 | OrdinaryDividend |
Sep 26, 2019 | $0.062 | OrdinaryDividend |
Jun 26, 2019 | $0.058 | OrdinaryDividend |
Mar 27, 2019 | $0.056 | OrdinaryDividend |
Sep 26, 2018 | $0.055 | OrdinaryDividend |
Jun 27, 2018 | $0.072 | OrdinaryDividend |
Mar 27, 2018 | $0.055 | OrdinaryDividend |
Sep 27, 2017 | $0.033 | OrdinaryDividend |
Jun 28, 2017 | $0.025 | OrdinaryDividend |
MREZX - 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 | 7.95 | 2.23 |