# Cromwell CenterSquare Real Estate Fund - Institutional Class (MRASX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/mrasx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Actively Managed · Inception: 2017-02-24 This fund commits a significant portion of its capital to companies operating within the real estate sector. Specifically, at least 80% of its net assets, combined with any funds borrowed for investment purposes, will be allocated to the stocks of these real estate-focused enterprises. The Subadvisor has a clear definition for what qualifies a company as "principally engaged" in real estate: it must either generate a minimum of 50% of its revenue or profits from activities such as the ownership, construction, management, financing, or sale of residential, commercial, or industrial propertie... ## Key Facts | Metric | Value | |---|---| | Price | $12.43 | | Expense Ratio | 1.02% | | AUM (All Share Classes) | $82.1M | | NAV | $12.43 | | Holdings Count | — | | Distribution Yield (TTM) | 2.13% | | Annual Distribution (TTM) | $0.27 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $11.24 – $13.58 | | Beta | 0.95 | ## Latest Distribution - Amount: $0.0805 /share - Ex-date: 2026-09-24 - Pay date: 2026-09-24 ## Frequently Asked Questions ### What does MRASX invest in? This fund commits a significant portion of its capital to companies operating within the real estate sector. Specifically, at least 80% of its net assets, combined with any funds borrowed for investment purposes, will be allocated to the stocks of these real estate-focused enterprises. The Subadvisor has a clear definition for what qualifies a company as "principally engaged" in real estate: it must either generate a minimum of 50% of its revenue or profits from activities such as the ownership, construction, management, financing, or sale of residential, commercial, or industrial properties; or, alternatively, at least half of its total assets must be invested in these property types. It's important to note that this fund is classified as non-diversified. ### What is the expense ratio of MRASX? Cromwell CenterSquare Real Estate Fund - Institutional Class (MRASX) charges an expense ratio of 1.02%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is MRASX? Cromwell CenterSquare Real Estate Fund - Institutional Class (MRASX) is one share class of a fund that manages $82.1M across all of its share classes (MRESX reports the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is MRASX actively managed or an index fund? MRASX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (MRASX's is 1.02%) in exchange for the discretion to over- or under-weight positions. ### When was MRASX launched? Cromwell CenterSquare Real Estate Fund - Institutional Class (MRASX) launched in February 2017 and is managed by the fund issuer. ### How has MRASX performed? MRASX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does MRASX pay a dividend? Cromwell CenterSquare Real Estate Fund - Institutional Class (MRASX) currently distributes little or no income. Trailing-twelve-month yield is 2.13%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does MRASX pay dividends? Cromwell CenterSquare Real Estate Fund - Institutional Class pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is MRASX's dividend yield? MRASX's trailing-twelve-month yield is 2.13%, calculated from the sum of dividends over the past year divided by the current price. ### When is MRASX's next ex-dividend date? The most recently announced ex-dividend date for MRASX was 2026-09-24. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will MRASX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.02% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does MRASX charge its expense ratio? The expense ratio is deducted in tiny daily slices from MRASX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does MRASX cost more than a fund like VOO? MRASX is actively managed (current expense ratio 1.02%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether MRASX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to MRASX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as MRASX (1.02%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/mrasx - Distribution history: https://www.dividenddata.com/funds/mrasx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/mrasx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/mrasx/expenses - Peer comparison: https://www.dividenddata.com/funds/mrasx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.