MRESX: AMG Managers CenterSquare Real Estate N

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MRESX AMG Managers CenterSquare Real Estate N


Profile

MRESX - Profile

Vitals

  • YTD Return -27.5%
  • 3 Yr Annualized Return -10.0%
  • 5 Yr Annualized Return -8.9%
  • Net Assets $203 M
  • Holdings in Top 10 52.7%

52 WEEK LOW AND HIGH

$8.00
$7.04
$11.99

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.10%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 76.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,000
  • IRA $1,000

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Real Estate

Distributions

  • YTD Total Return -27.5%
  • 3 Yr Annualized Total Return -6.0%
  • 5 Yr Annualized Total Return -2.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.62%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    AMG Managers CenterSquare Real Estate Fund
  • Fund Family Name
    AMG Funds
  • Inception Date
    Dec 31, 1997
  • Shares Outstanding
    N/A
  • Share Class
    N
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Dean Frankel

Fund Description

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. The Subadvisor considers a company to be principally engaged in the real estate industry if it 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 has at least 50% of its assets invested in residential, commercial or industrial real estate. It is non-diversified.


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Categories

Performance

MRESX - Performance

Return Ranking - Trailing

Period MRESX Return Category Return Low Category Return High Rank in Category (%)
YTD -27.5% -58.6% 1.0% 23.99%
1 Yr -27.7% -59.9% 35.8% 38.87%
3 Yr -10.0%* -28.6% 7.8% 51.95%
5 Yr -8.9%* -24.7% 7.2% 59.39%
10 Yr 1.2%* -9.6% 13.6% 47.93%

* Annualized

Return Ranking - Calendar

Period MRESX Return Category Return Low Category Return High Rank in Category (%)
2019 15.5% -22.7% 43.1% 61.98%
2018 -8.3% -44.0% 2.2% 36.14%
2017 -4.4% -16.4% 25.4% 77.78%
2016 -4.3% -28.0% 12.5% 65.73%
2015 -5.6% -19.4% 2.4% 61.03%

Total Return Ranking - Trailing

Period MRESX Return Category Return Low Category Return High Rank in Category (%)
YTD -27.5% -58.6% 1.0% 23.99%
1 Yr -27.7% -59.9% 35.8% 38.87%
3 Yr -6.0%* -26.5% 7.8% 29.87%
5 Yr -2.4%* -20.0% 7.2% 19.29%
10 Yr 6.5%* -5.5% 13.6% 9.92%

* Annualized

Total Return Ranking - Calendar

Period MRESX Return Category Return Low Category Return High Rank in Category (%)
2019 15.5% -22.7% 43.1% 61.98%
2018 -5.6% -43.3% 3.3% 20.88%
2017 5.4% -13.6% 31.4% 31.56%
2016 6.8% -12.3% 12.5% 24.41%
2015 5.4% -15.2% 7.7% 4.62%

NAV & Total Return History


Holdings

MRESX - Holdings

Concentration Analysis

MRESX Category Low Category High MRESX % Rank
Net Assets 203 M 2.01 M 66.6 B 66.80%
Number of Holdings 46 20 660 45.62%
Net Assets in Top 10 107 M 1.06 M 28.5 B 66.06%
Weighting of Top 10 52.71% 10.9% 78.9% 17.60%

Top 10 Holdings

  1. Prologis Inc 8.11%
  2. American Tower Corp 6.87%
  3. Realty Income Corp 6.42%
  4. Equity Residential 5.98%
  5. Equinix Inc 5.91%
  6. Ventas Inc 5.10%
  7. Sun Communities Inc 4.15%
  8. Host Hotels & Resorts Inc 3.72%
  9. Crown Castle International Corp 3.24%
  10. Healthpeak Properties Inc 3.21%

Asset Allocation

Weighting Return Low Return High MRESX % Rank
Stocks
99.34% 6.42% 124.18% 31.02%
Cash
0.66% -103.72% 19.82% 64.23%
Preferred Stocks
0.00% 0.00% 47.46% 83.94%
Other
0.00% -4.55% 88.65% 79.93%
Convertible Bonds
0.00% 0.00% 6.51% 82.12%
Bonds
0.00% -1.35% 93.37% 83.58%

Stock Sector Breakdown

Weighting Return Low Return High MRESX % Rank
Real Estate
98.86% 38.43% 100.00% 51.52%
Consumer Cyclical
1.14% 0.00% 33.77% 26.14%
Utilities
0.00% 0.00% 6.44% 79.17%
Technology
0.00% 0.00% 15.01% 85.61%
Industrials
0.00% 0.00% 10.59% 81.82%
Healthcare
0.00% 0.00% 3.74% 79.17%
Financial Services
0.00% 0.00% 20.38% 83.71%
Energy
0.00% 0.00% 3.09% 79.55%
Communication Services
0.00% 0.00% 1.28% 79.92%
Consumer Defense
0.00% 0.00% 0.24% 79.17%
Basic Materials
0.00% 0.00% 5.59% 79.55%

Stock Geographic Breakdown

Weighting Return Low Return High MRESX % Rank
US
99.34% 6.42% 124.18% 27.01%
Non US
0.00% 0.00% 26.60% 85.04%

Expenses

MRESX - Expenses

Operational Fees

MRESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.10% 0.07% 19.12% 63.53%
Management Fee 0.60% 0.00% 1.50% 25.91%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.47% 74.16%

Sales Fees

MRESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 6.50% N/A
Deferred Load N/A 1.00% 5.00% 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 76.00% 3.00% 257.00% 74.81%

Distributions

MRESX - Distributions

Dividend Yield Analysis

MRESX Category Low Category High MRESX % Rank
Dividend Yield 0.00% 0.00% 9.17% 80.29%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

MRESX Category Low Category High MRESX % Rank
Net Income Ratio 1.62% -0.10% 5.67% 56.23%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

MRESX - Fund Manager Analysis

Managers

Dean Frankel


Start Date

Tenure

Tenure Rank

Mar 26, 2004

15.94

15.9%

Mr. Frankel is the Global Co-Head, Real Estate Securities of CenterSquare. He joined CenterSquare in 1997 and has served as Senior Portfolio Manager since 2006. He manages CenterSquare’s proprietary research process and oversees the firm’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

13.26

13.3%

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
0.16 26.17 7.92 0.28