Cromwell Marketfield L/S Fund
Name
As of 11/17/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-3.9%
1 yr return
-2.6%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$147 M
Holdings in Top 10
43.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 3.25%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 26.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,000
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/17/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MFCDX - Profile
Distributions
- YTD Total Return -3.9%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.00%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameCromwell Marketfield L/S Fund
-
Fund Family NameCromwell Funds
-
Inception DateJul 31, 2007
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Aronstein
Fund Description
MFCDX - Performance
Return Ranking - Trailing
Period | MFCDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.9% | -15.6% | 36.9% | 95.45% |
1 Yr | -2.6% | -15.0% | 31.9% | 88.37% |
3 Yr | N/A* | -25.1% | 44.8% | 21.69% |
5 Yr | N/A* | -5.6% | 27.7% | 5.41% |
10 Yr | N/A* | -3.9% | 8.9% | 81.54% |
* Annualized
Return Ranking - Calendar
Period | MFCDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -54.0% | 17.4% | 12.72% |
2022 | N/A | -40.0% | 54.1% | 41.32% |
2021 | N/A | -47.6% | 88.4% | 19.88% |
2020 | N/A | -20.3% | 62.6% | 38.16% |
2019 | N/A | -53.1% | 12.7% | 84.35% |
Total Return Ranking - Trailing
Period | MFCDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.9% | -15.6% | 36.9% | 95.45% |
1 Yr | -2.6% | -15.0% | 31.9% | 88.37% |
3 Yr | N/A* | -25.1% | 44.8% | 23.78% |
5 Yr | N/A* | -5.6% | 27.7% | 7.53% |
10 Yr | N/A* | -3.9% | 8.9% | 81.54% |
* Annualized
Total Return Ranking - Calendar
Period | MFCDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -54.0% | 50.3% | 13.29% |
2022 | N/A | -40.0% | 61.6% | 41.32% |
2021 | N/A | -29.9% | 91.0% | 19.88% |
2020 | N/A | -17.9% | 79.4% | 38.16% |
2019 | N/A | -47.8% | 12.7% | 85.03% |
NAV & Total Return History
MFCDX - Holdings
Concentration Analysis
MFCDX | Category Low | Category High | MFCDX % Rank | |
---|---|---|---|---|
Net Assets | 147 M | 1.04 M | 6.15 B | 40.68% |
Number of Holdings | 58 | 2 | 1844 | 66.09% |
Net Assets in Top 10 | 64.4 M | 596 K | 2.09 B | 41.95% |
Weighting of Top 10 | 43.72% | 0.6% | 170.0% | 56.90% |
Top 10 Holdings
- U.S. Bank Money Market Deposit Account 15.89%
- ConocoPhillips 3.69%
- Schlumberger NV 3.65%
- Nippon Steel Corp 3.56%
- Caterpillar Inc 2.93%
- iShares MSCI United Kingdom ETF 2.92%
- Deere Co 2.89%
- DR Horton Inc 2.85%
- Chevron Corp 2.71%
- Franco-Nevada Corp 2.63%
Asset Allocation
Weighting | Return Low | Return High | MFCDX % Rank | |
---|---|---|---|---|
Stocks | 52.13% | 0.00% | 102.75% | 68.97% |
Cash | 47.87% | 0.00% | 99.76% | 25.86% |
Preferred Stocks | 0.00% | 0.00% | 7.19% | 80.46% |
Other | 0.00% | -51.83% | 99.31% | 60.92% |
Convertible Bonds | 0.00% | -0.02% | 4.48% | 77.38% |
Bonds | 0.00% | 0.00% | 145.03% | 86.21% |
Stock Sector Breakdown
Weighting | Return Low | Return High | MFCDX % Rank | |
---|---|---|---|---|
Basic Materials | 28.58% | 0.00% | 28.58% | 2.04% |
Industrials | 25.12% | 0.00% | 31.93% | 4.08% |
Energy | 21.10% | 0.00% | 32.57% | 2.72% |
Consumer Cyclical | 6.84% | 0.00% | 88.83% | 82.99% |
Consumer Defense | 4.73% | 0.00% | 33.38% | 68.71% |
Technology | 4.71% | 0.00% | 43.24% | 91.84% |
Financial Services | 3.73% | 0.00% | 83.83% | 94.56% |
Real Estate | 2.57% | 0.00% | 10.93% | 39.46% |
Healthcare | 1.50% | 0.00% | 100.00% | 98.64% |
Communication Services | 0.61% | 0.00% | 32.32% | 93.88% |
Utilities | 0.52% | 0.00% | 21.71% | 74.15% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | MFCDX % Rank | |
---|---|---|---|---|
US | 39.59% | 0.00% | 102.75% | 71.84% |
Non US | 12.54% | -3.81% | 85.41% | 10.34% |
MFCDX - Expenses
Operational Fees
MFCDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 3.25% | 0.44% | 8.51% | 11.30% |
Management Fee | 1.40% | 0.00% | 2.50% | 74.01% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 96.91% |
Administrative Fee | N/A | 0.03% | 1.54% | N/A |
Sales Fees
MFCDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | 1.00% | 1.00% | 4.00% | 88.89% |
Trading Fees
MFCDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 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.
MFCDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 26.00% | 0.00% | 479.00% | 17.86% |
MFCDX - Distributions
Dividend Yield Analysis
MFCDX | Category Low | Category High | MFCDX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 9.27% | 83.62% |
Dividend Distribution Analysis
MFCDX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Annual | Annual |
Net Income Ratio Analysis
MFCDX | Category Low | Category High | MFCDX % Rank | |
---|---|---|---|---|
Net Income Ratio | -1.00% | -3.33% | 2.16% | 61.14% |
Capital Gain Distribution Analysis
MFCDX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
MFCDX - Fund Manager Analysis
Managers
Michael Aronstein
Start Date
Tenure
Tenure Rank
Jul 31, 2007
14.84
14.8%
Michael C. Aronstein is President, Chief Investment Officer and a co-founding partner of Marketfield Asset Management, LLC (and its predecessor firm, which was created in 2007). Mr. Aronstein began his investment career in 1979 at Merrill Lynch, eventually becoming Manager of Global Investment Strategy before departing in 1987 to join Comstock Partners. Mr. Aronstein was the President of Comstock Partners for six years. In 1993, Mr. Aronstein founded West Course Capital, a discretionary commodity management firm. From 2001 to 2004, Mr. Aronstein was Chief Investment Strategist for Preservation Group, a provider of independent macroeconomic and strategic research to professional investors. In 2004, he joined Oscar Gruss & Son Incorporated and served as Chief Investment Strategist until 2012. Mr. Aronstein graduated from Yale College with a Bachelor of Arts in 1974.
Michael Shaoul
Start Date
Tenure
Tenure Rank
Apr 08, 2016
6.15
6.2%
Michael Shaoul, Ph.D. is Chairman, Chief Executive Officer and a co-founding partner of Marketfield Asset Management LLC (and its predecesor firm, which was created in 2007). In 1996 Mr. Shaoul joined Oscar Gruss & Son Incorporated. He became its Chief Executive Officer in 2001 and held this position until 2014. He is Treasurer of American Friends of Tel Aviv University and a member of the Board of North American Friends of Manchester University. He was awarded a Ph.D. in Accounting and Finance from the University of Manchester (UK) in 1992.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 23.55 | 5.99 | 7.93 |