CenterSquare Real Estate Fund  (MRASX)

Fund Overview

Fund Overview

Share Class

I

NAV | as of 07/31/2020

$10.06
-$0.01 (-0.10%)

Overall Morningstar Rating


Rated against 225 Real Estate funds as of 06/30/2020

Growth of $10,000 (Hypothetical)

Since Inception 02/24/2017 to 06/30/2020 = $10,649.31

  • 3YR
  • 5YR
  • 10YR
  • INCEP.
INCEP.
  • 3YR
  • 5YR
  • 10YR
  • INCEP.

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month end please call 800.835.3879. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown.

Objective

The Fund seeks income and long-term capital appreciation by investing in companies in the real estate industry, including real estate investment trusts (REITs).

Why Consider

  • Provides investors exposure to real estate securities, primarily REITs, which provide investors with exposure to a variety of commercial property sectors and potential diversification benefits
  • The investment process combines top-down sector allocation with bottom-up security analysis which includes a proprietary valuation model
  • Employs a comprehensive risk optimization process that balances active exposures, fundamental valuations, risk metrics and liquidity

Documents

View All Documents

Fund Managers

Dean Frankel, CFA

Global Head of Real Estate Securities

Read Full Bio

Eric Rothman, CFA

Portfolio Manager

Read Full Bio

Performance

Performance

Read Important Investment Disclosures

Returns

 

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month end please call 800.835.3879. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown. Returns for periods less than one year are not annualized.

Expense Ratios

  • Gross Expense Ratio: 0.97%
  • Net Expense Ratio: 0.97%
  • Expense Cap Expiration Date: N/A

Distributions & Pricing


    • Calendar Year Distributions

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Jun 26, 2020 $0.050400 $0.050400
      Mar 27, 2020 $0.070100 $0.070100
      Dec 16, 2019 $0.538000 $0.058700 $0.479300
      Sep 26, 2019 $0.057800 $0.057800
      Jun 26, 2019 $0.054500 $0.054500
      Mar 27, 2019 $0.053000 $0.053000
      Dec 27, 2018 $0.135800 $0.061600 $0.022900 $0.051300
      Sep 26, 2018 $0.052100 $0.052100
      Jun 27, 2018 $0.069100 $0.069100
      Mar 27, 2018 $0.052500 $0.052500
      Dec 27, 2017 $1.023600 $0.061700 $0.247500 $0.714400
      Sep 26, 2017 $0.029800 $0.029800
      Jun 27, 2017 $0.025000 $0.025000

Risk & Return Stats

As of: 06/30/2020

View All Characteristics & Stats

Portfolio & Holdings

Portfolio & Holdings

Top Holdings (Equity)

As of: 06/30/2020

American Tower Corp, Class A 9.07%
Equinix Inc 7.47%
Crown Castle International Corp 6.72%
SBA Communications Corp, Class A 6.48%
Prologis Inc 5.86%
Invitation Homes Inc 4.62%
Healthpeak Properties Inc 3.20%
Equity Residential 2.90%
Digital Realty Trust Inc 2.78%
CubeSmart 2.08%
% in Top 10 Holdings 51.18%
View Holding Details Read Important Investment Disclosures

Investment Allocation

As of: 06/30/2020

Investment Approach

Investment Approach

CenterSquare Real Estate Fund

CenterSquare believes real estate securities play an important role in a multi-asset class investment portfolio. CenterSquare recognizes that real estate securities are not simply stocks or real estate. They are hybrid financial investments that must be valued on the basis of a number of meaningful factors, only one of which is the value of the firm’s property portfolio.

To accurately assess the relative value of a REIT security, CenterSquare takes into account critical business and market factors, such as:

  • Company capitalization
  • Position within public capital markets
  • Quality of the management team

Additional Fund Highlight

CenterSquare, founded in 1987, is a boutique real estate investment firm with an average of 20 years industry experience among the senior members of the investment team.


Why This Rate Cycle Is Right for REITs

 
During the global financial crisis, REITs did not achieve their objective as a defensive ballast for portfolios; however, conditions are very different today, notes CenterSquare's Scott Crowe.
Read Blog

Rebalancing International Equities: What to Know. What to Consider.

 
Given the lessons of market history, the question is not if international equities will outperform their U.S. cousins, it is when. Consistently rebalancing your portfolio is key.
Read Full Perspective

About

About CenterSquare Investment Management

Background

CenterSquare Investment Management is an investor in, and manager of public, private, global and U.S. real estate investment strategies.

Learn More

Founded

1987


Headquarters

Plymouth Meeting, PA


Funds to Consider

YACKX

Yacktman Fund

The Fund seeks long-term capital appreciation and, to a lesser extent, current income by primarily investing in common stocks of U.S. companies.


Overall Morningstar Rating

Rated against 1109 Large Value funds as of 06/30/2020
★★★★★

YACKX
Russell 1000® Value Index
S&P 500® Index

Quarterly performance (%) data as of 06/30/2020

Fund Detail Read Important Investment Disclosures

TYWVX

GW&K Emerging Wealth Equity Fund

Seeks to provide long-term capital appreciation by investing in emerging market companies and developed market companies that have emerging markets revenue exposure.


Overall Morningstar Rating

Rated against 704 Diversified Emerging Mkts funds as of 06/30/2020
★★★★★

TYWVX
MSCI Emerging Markets Index

Quarterly performance (%) data as of 06/30/2020

Fund Detail Read Important Investment Disclosures

MGBIX

Loomis Sayles Bond Fund

Seeks a high level of current income by investing in a flexible portfolio of fixed income securities.


Overall Morningstar Rating

Rated against 534 Intermediate Core-Plus Bond funds as of 06/30/2020
★★★

MGBIX
Bloomberg Barclays U.S. Government/Credit Bond Index

Quarterly performance (%) data as of 06/30/2020

Fund Detail Read Important Investment Disclosures

Discover how AMG Funds brings more than 70 products from over 25 independent boutiques together under one flag.

Learn More About AMG Funds
  Back To Top