Cromwell CenterSquare Real Estate Fund (MRESX)
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.
Fund Info
| ISIN | US89156Y4070 |
|---|---|
| CUSIP | 00170J748 |
| Issuer | AMG |
| Inception Date | Dec 31, 1997 |
| Category | REIT |
| Min. Investment | $2,000 |
| Asset Class | Real Estate |
Expense Ratio
MRESX has a high expense ratio of 1.02%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Cromwell CenterSquare Real Estate Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Cromwell CenterSquare Real Estate Fund had a return of -6.87% year-to-date (YTD) and 3.71% in the last 12 months. Over the past 10 years, Cromwell CenterSquare Real Estate Fund had an annualized return of 5.40%, while the S&P 500 had an annualized return of 10.64%, indicating that Cromwell CenterSquare Real Estate Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -6.87% | 7.50% |
| 1 month | -2.42% | -1.61% |
| 6 months | 6.81% | 17.65% |
| 1 year | 3.71% | 26.26% |
| 5 years (annualized) | 2.22% | 11.73% |
| 10 years (annualized) | 5.40% | 10.64% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -4.86% | 1.54% | 1.74% | -7.69% | ||||||||
| 2023 | -3.13% | 11.91% | 8.99% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MRESX is 11, indicating that it is in the bottom 11% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Cromwell CenterSquare Real Estate Fund(MRESX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Cromwell CenterSquare Real Estate Fund (MRESX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Cromwell CenterSquare Real Estate Fund granted a 2.25% dividend yield in the last twelve months. The annual payout for that period amounted to $0.23 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.23 | $0.21 | $0.67 | $0.55 | $0.22 | $0.69 | $0.29 | $1.06 | $1.25 | $1.32 | $0.54 | $0.72 |
Dividend yield | 2.25% | 1.96% | 6.67% | 3.92% | 2.06% | 6.24% | 3.08% | 10.20% | 11.43% | 11.54% | 4.46% | 7.54% |
Monthly Dividends
The table displays the monthly dividend distributions for Cromwell CenterSquare Real Estate Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.05 | $0.00 | ||||||||
| 2023 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 |
| 2022 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.51 |
| 2021 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.41 |
| 2020 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.06 |
| 2019 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.53 |
| 2018 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.13 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $1.02 |
| 2016 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $1.14 |
| 2015 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $1.18 |
| 2014 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.46 |
| 2013 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.66 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Cromwell CenterSquare Real Estate Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Cromwell CenterSquare Real Estate Fund was 71.74%, occurring on Mar 6, 2009. Recovery took 775 trading sessions.
The current Cromwell CenterSquare Real Estate Fund drawdown is 21.52%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -71.74% | Feb 8, 2007 | 521 | Mar 6, 2009 | 775 | Apr 2, 2012 | 1296 |
| -40.84% | Feb 24, 2020 | 21 | Mar 23, 2020 | 266 | Apr 13, 2021 | 287 |
| -32.99% | Jan 3, 2022 | 456 | Oct 25, 2023 | — | — | — |
| -25.29% | Apr 8, 1998 | 132 | Oct 8, 1998 | 696 | Jun 28, 2001 | 828 |
| -18.82% | Dec 16, 2004 | 29 | Jan 27, 2005 | 126 | Jul 28, 2005 | 155 |
Volatility
Volatility Chart
The current Cromwell CenterSquare Real Estate Fund volatility is 6.12%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.