Cromwell CenterSquare Real Estate Fund
Fund
MRASX
Price as of:
$12.54
- $0.24
- 1.88%
Primary Theme
fund company
Name
As of 06/01/2026Price
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
Vitals
YTD Return
11.5%
1 yr return
11.5%
3 Yr Avg Return
10.7%
5 Yr Avg Return
3.4%
Net Assets
$94 M
Holdings in Top 10
51.2%
52 WEEK LOW AND HIGH
$12.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.11%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 68.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
$25,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 06/01/2026Price
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
MRASX - Profile
Distributions
- YTD Total Return 11.5%
- 3 Yr Annualized Total Return 10.7%
- 5 Yr Annualized Total Return 3.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.96%
- Dividend Yield 2.5%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameCromwell CenterSquare Real Estate Fund
-
Fund Family NameAMGFUNDSGR
-
Inception DateFeb 24, 2017
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDean Frankel
Fund Description
p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #231F20"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”)./pp style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: #231F20" /p p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #231F20"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./pp style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #231F20" /p p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #231F20"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./pp style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #231F20" /p p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #231F20"span style="-keep: true"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./span/p
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MRASX - Performance
Return Ranking - Trailing
| Period | MRASX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.5% | -5.8% | 20.9% | 31.00% |
| 1 Yr | 11.5% | -3.3% | 21.1% | 41.05% |
| 3 Yr | 10.7%* | -4.7% | 14.0% | 32.31% |
| 5 Yr | 3.4%* | -5.7% | 7.8% | 42.92% |
| 10 Yr | N/A* | -0.5% | 11.1% | 33.18% |
* Annualized
Return Ranking - Calendar
| Period | MRASX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | -0.5% | -32.0% | 8.8% | 25.76% |
| 2024 | 4.5% | -33.3% | 15.6% | 19.21% |
| 2023 | 9.2% | -16.2% | 39.0% | 31.58% |
| 2022 | -29.0% | -51.3% | 2.5% | 32.16% |
| 2021 | 33.7% | -7.7% | 52.3% | 40.71% |
Total Return Ranking - Trailing
| Period | MRASX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.5% | -5.8% | 20.9% | 31.00% |
| 1 Yr | 11.5% | -3.3% | 21.1% | 41.05% |
| 3 Yr | 10.7%* | -4.7% | 14.0% | 32.31% |
| 5 Yr | 3.4%* | -5.7% | 7.8% | 42.92% |
| 10 Yr | N/A* | -0.5% | 11.1% | 31.80% |
* Annualized
Total Return Ranking - Calendar
| Period | MRASX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 1.7% | -9.4% | 18.5% | 49.34% |
| 2024 | 7.2% | -29.6% | 17.7% | 30.13% |
| 2023 | 11.7% | -12.7% | 43.3% | 54.39% |
| 2022 | -24.6% | -40.1% | 7.8% | 24.23% |
| 2021 | 39.5% | 8.9% | 54.6% | 64.60% |
NAV & Total Return History
MRASX - Holdings
Concentration Analysis
| MRASX | Category Low | Category High | MRASX % Rank | |
|---|---|---|---|---|
| Net Assets | 94 M | 2.03 M | 69.9 B | 74.89% |
| Number of Holdings | 59 | 23 | 692 | 32.31% |
| Net Assets in Top 10 | 44.8 M | 886 K | 34.9 B | 77.29% |
| Weighting of Top 10 | 51.19% | 18.8% | 82.2% | 65.94% |
Top 10 Holdings
- Welltower Inc. COM 9.34%
- Equinix, Inc. COM 7.93%
- Prologis Inc. COM 7.18%
- American Tower Corporation COM 6.06%
- Digital Realty Trust Inc. COM 5.08%
- Ventas Inc. COM 4.35%
- Extra Space Storage Inc. COM 3.00%
- Public Storage COM 2.92%
- Brixmor Property Group Inc COM 2.70%
- Crown Castle Inc. COM 2.65%
Asset Allocation
| Weighting | Return Low | Return High | MRASX % Rank | |
|---|---|---|---|---|
| Stocks | 99.23% | 0.00% | 180.99% | 32.75% |
| Cash | 0.77% | -42.50% | 20.67% | 66.38% |
| Preferred Stocks | 0.00% | 0.00% | 31.13% | 51.53% |
| Other | 0.00% | -81.05% | 97.12% | 55.46% |
| Convertible Bonds | 0.00% | 0.00% | 10.95% | 44.30% |
| Bonds | 0.00% | 0.00% | 148.40% | 50.66% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MRASX % Rank | |
|---|---|---|---|---|
| Real Estate | 100.00% | 34.46% | 100.00% | 15.14% |
| Utilities | 0.00% | 0.00% | 3.55% | 40.37% |
| Technology | 0.00% | 0.00% | 12.02% | 49.08% |
| Industrials | 0.00% | 0.00% | 7.39% | 43.58% |
| Healthcare | 0.00% | 0.00% | 0.53% | 40.83% |
| Financial Services | 0.00% | 0.00% | 37.05% | 50.46% |
| Energy | 0.00% | 0.00% | 33.11% | 40.83% |
| Communication Services | 0.00% | 0.00% | 11.61% | 46.79% |
| Consumer Defense | 0.00% | 0.00% | 0.93% | 38.99% |
| Consumer Cyclical | 0.00% | 0.00% | 45.29% | 60.55% |
| Basic Materials | 0.00% | 0.00% | 13.69% | 44.50% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MRASX % Rank | |
|---|---|---|---|---|
| US | 99.23% | 0.00% | 180.99% | 29.69% |
| Non US | 0.00% | 0.00% | 41.39% | 50.66% |
MRASX - Expenses
Operational Fees
| MRASX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.11% | 0.07% | 8.91% | 56.64% |
| Management Fee | 0.60% | 0.00% | 1.50% | 26.64% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.15% | 0.01% | 0.45% | 62.90% |
Sales Fees
| MRASX 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
| MRASX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 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.
| MRASX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 68.00% | 0.11% | 380.00% | 70.09% |
MRASX - Distributions
Dividend Yield Analysis
| MRASX | Category Low | Category High | MRASX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.47% | 0.00% | 13.03% | 60.70% |
Dividend Distribution Analysis
| MRASX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| MRASX | Category Low | Category High | MRASX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.96% | -1.07% | 6.05% | 58.85% |
Capital Gain Distribution Analysis
| MRASX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 26, 2026 | $0.078 | OrdinaryDividend |
| Dec 29, 2025 | $0.016 | OrdinaryDividend |
| Sep 26, 2025 | $0.078 | OrdinaryDividend |
| Jun 26, 2025 | $0.092 | OrdinaryDividend |
| Mar 27, 2025 | $0.064 | OrdinaryDividend |
| Dec 27, 2024 | $0.065 | OrdinaryDividend |
| Sep 26, 2024 | $0.076 | OrdinaryDividend |
| Mar 27, 2024 | $0.056 | OrdinaryDividend |
| Dec 27, 2023 | $0.056 | OrdinaryDividend |
| Sep 27, 2023 | $0.054 | OrdinaryDividend |
| Jun 28, 2023 | $0.073 | OrdinaryDividend |
| Mar 29, 2023 | $0.041 | OrdinaryDividend |
| Dec 28, 2022 | $0.048 | OrdinaryDividend |
| Dec 06, 2022 | $0.460 | CapitalGainLongTerm |
| Sep 28, 2022 | $0.056 | OrdinaryDividend |
| Jun 28, 2022 | $0.046 | OrdinaryDividend |
| Mar 29, 2022 | $0.036 | OrdinaryDividend |
| Dec 15, 2021 | $0.004 | OrdinaryDividend |
| Dec 15, 2021 | $0.410 | CapitalGainLongTerm |
| Sep 28, 2021 | $0.016 | OrdinaryDividend |
| Sep 28, 2021 | $0.036 | CapitalGainLongTerm |
| Jun 28, 2021 | $0.054 | OrdinaryDividend |
| Mar 29, 2021 | $0.046 | OrdinaryDividend |
| Dec 16, 2020 | $0.062 | OrdinaryDividend |
| Sep 28, 2020 | $0.048 | OrdinaryDividend |
| Jun 26, 2020 | $0.050 | OrdinaryDividend |
| Mar 27, 2020 | $0.070 | OrdinaryDividend |
| Dec 16, 2019 | $0.059 | OrdinaryDividend |
| Dec 16, 2019 | $0.479 | CapitalGainLongTerm |
| Sep 26, 2019 | $0.058 | OrdinaryDividend |
| Jun 26, 2019 | $0.055 | OrdinaryDividend |
| Mar 27, 2019 | $0.053 | OrdinaryDividend |
| Dec 27, 2018 | $0.062 | OrdinaryDividend |
| Dec 27, 2018 | $0.023 | CapitalGainShortTerm |
| Dec 27, 2018 | $0.051 | CapitalGainLongTerm |
| Sep 26, 2018 | $0.052 | OrdinaryDividend |
| Jun 27, 2018 | $0.069 | OrdinaryDividend |
| Mar 27, 2018 | $0.053 | OrdinaryDividend |
| Dec 27, 2017 | $0.062 | OrdinaryDividend |
| Dec 27, 2017 | $0.248 | CapitalGainShortTerm |
| Dec 27, 2017 | $0.714 | CapitalGainLongTerm |
| Sep 26, 2017 | $0.030 | OrdinaryDividend |
| Jun 27, 2017 | $0.025 | OrdinaryDividend |
MRASX - 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 | 8.31 | 2.68 |