- ISIN
- US90386H7355
- Issuer
- Marshfield
- Inception Date
- Dec 29, 2015
- Category
- Large Cap Growth Equities
- Min. Investment
- $10,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
MRFOX Performance Chart
Marshfield Concentrated Opportunity Fund (MRFOX) is down 1.0% since the beginning of the year. MRFOX is currently trading at $34 per share. Investors who bought $1,000 worth of MRFOX shares 5 years ago would now be looking at an investment worth $1,679.
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Returns By Period
Marshfield Concentrated Opportunity Fund (MRFOX) has returned -0.99% so far this year and 4.44% over the past 12 months. Looking at the last ten years, MRFOX has achieved an annualized return of 15.41%, outperforming the S&P 500 Index benchmark, which averaged 13.66% per year.
Marshfield Concentrated Opportunity Fund
- 1D
- -0.41%
- 1M
- -1.68%
- YTD
- -0.99%
- 6M
- -1.78%
- 1Y
- 4.44%
- 3Y*
- 13.82%
- 5Y*
- 10.92%
- 10Y*
- 15.41%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
MRFOX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 2016, MRFOX's average daily return is +0.06%, while the average monthly return is +1.24%. At this rate, an investment would double in approximately 4.7 years.
Historically, 63% of months were positive and 37% were negative. The best month was Oct 2022 with a return of +12.1%, while the worst month was Mar 2020 at -10.6%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, MRFOX closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +9.6%, while the worst single day was Mar 16, 2020 at -9.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.99% | 0.12% | -4.04% | 5.62% | -3.30% | -0.09% | -0.99% | ||||||
| 2025 | 2.87% | 1.32% | -1.39% | -0.28% | 1.45% | -1.12% | 0.65% | 5.71% | 1.16% | -4.54% | 4.96% | -0.74% | 10.05% |
| 2024 | 3.01% | 5.81% | 3.28% | -3.90% | 1.28% | 1.45% | 1.08% | 2.99% | 0.98% | -2.45% | 6.83% | -3.84% | 17.10% |
| 2023 | 3.53% | -1.68% | 0.73% | 2.83% | -4.76% | 6.32% | 2.45% | -0.27% | -2.28% | -0.12% | 6.97% | 3.32% | 17.68% |
| 2022 | -2.82% | -3.17% | 2.45% | -3.83% | 2.30% | -4.30% | 5.26% | -1.23% | -4.79% | 12.08% | 7.50% | -2.95% | 5.06% |
| 2021 | -3.49% | 6.00% | 4.77% | 3.08% | 0.35% | 1.08% | 1.88% | -0.42% | -2.86% | 3.47% | -2.85% | 6.04% | 17.71% |
Benchmark Metrics
Marshfield Concentrated Opportunity Fund has an annualized alpha of 5.41%, beta of 0.69, and R2 of 0.75 versus S&P 500 Index. Calculated based on daily prices since January 05, 2016.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (82.17%) than losses (67.94%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 5.41% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.69 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 5.41%
- Beta
- 0.69
- R²
- 0.75
- Upside Capture
- 82.17%
- Downside Capture
- 67.94%
Expense Ratio
MRFOX has a high expense ratio of 1.05%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MRFOX ranks 6 for risk / return — in the bottom 6% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Marshfield Concentrated Opportunity Fund (MRFOX) and compare them to S&P 500 Index.
| MRFOX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.41 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.66 | 2.93 | -2.27 |
| Martin ratioReturn relative to average drawdown | 1.90 | 13.52 | -11.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Marshfield Concentrated Opportunity Fund provided a 1.64% dividend yield over the last twelve months, with an annual payout of $0.56 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.56 | $0.56 | $1.45 | $0.13 | $0.09 | $1.56 | $0.56 | $0.26 | $0.27 | $0.29 | $0.07 |
Dividend yield | 1.64% | 1.62% | 4.59% | 0.46% | 0.35% | 6.78% | 2.68% | 1.39% | 1.94% | 2.06% | 0.60% |
Monthly Dividends
The table displays the monthly dividend distributions for Marshfield Concentrated Opportunity 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.56 | $0.56 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.45 | $1.45 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.13 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.09 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.56 | $1.56 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Marshfield Concentrated Opportunity 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 Marshfield Concentrated Opportunity Fund was 29.10%, occurring on Mar 23, 2020. Recovery took 52 trading sessions.
The current Marshfield Concentrated Opportunity Fund drawdown is 3.39%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -29.10%Mar 2020 | 1mo 2d | 2mo 14d | 3mo 16dFeb 2020 - Jun 2020 |
Rate-hike selloffLate 2018 | -13.03%Dec 2018 | 3mo 1d | 1mo 22d | 4mo 23dSep 2018 - Feb 2019 |
Bear market2022 | -12.98%Jun 2022 | 5mo 12d | 4mo 14d | 9mo 26dJan 2022 - Oct 2022 |
2016 pullback2016 | -8.95%Feb 2016 | 1mo 6d | 22d | 1mo 28dJan 2016 - Mar 2016 |
2018 pullback2018 | -8.19%Feb 2018 | 10d | 4mo | 4mo 10dJan 2018 - Jun 2018 |
Drawdown Indicators
| MRFOX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.10% | -56.78% | +27.68% |
Max Drawdown (1Y)Largest decline over 1 year | -7.03% | -9.10% | +2.07% |
Max Drawdown (3Y)Largest decline over 3 years | -7.91% | -18.90% | +10.99% |
Max Drawdown (5Y)Largest decline over 5 years | -12.98% | -25.43% | +12.45% |
Max Drawdown (10Y)Largest decline over 10 years | -29.10% | -33.92% | +4.82% |
Current DrawdownCurrent decline from peak | -3.39% | -0.74% | -2.65% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -10.72% | +8.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 1.97% | +0.47% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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