# Marshfield Concentrated Opportunity (MRFOX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/mrfox 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: 2015-12-29 The Marshfield Concentrated Opportunity fund (MRFOX) primarily invests in common shares of American companies, whether traded on U.S. securities exchanges or through over-the-counter markets. Its strategy centers on identifying businesses that the Adviser's rigorous analysis deems significantly undervalued relative to their intrinsic worth. The fund is flexible in terms of company size, capable of allocating capital across the entire market capitalization spectrum, from large-cap industry leaders to smaller, emerging enterprises. Importantly, this is a non-diversified fund, indicating a con... ## Key Facts | Metric | Value | |---|---| | Price | $36.96 | | Expense Ratio | 1.02% | | Assets Under Management | $1.25B | | NAV | $36.96 | | Holdings Count | — | | Distribution Yield (TTM) | 1.50% | | Annual Distribution (TTM) | $0.56 /share | | Distribution Frequency | Annual | | 52-Week Range | $32.67 – $37.36 | | Beta | 0.51 | ## Latest Distribution - Amount: $0.5555 /share - Ex-date: 2025-12-15 - Pay date: 2025-12-16 ## Frequently Asked Questions ### What does MRFOX invest in? The Marshfield Concentrated Opportunity fund (MRFOX) primarily invests in common shares of American companies, whether traded on U.S. securities exchanges or through over-the-counter markets. Its strategy centers on identifying businesses that the Adviser's rigorous analysis deems significantly undervalued relative to their intrinsic worth. The fund is flexible in terms of company size, capable of allocating capital across the entire market capitalization spectrum, from large-cap industry leaders to smaller, emerging enterprises. Importantly, this is a non-diversified fund, indicating a concentrated portfolio approach. ### What is the expense ratio of MRFOX? Marshfield Concentrated Opportunity (MRFOX) charges an expense ratio of 1.02%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is MRFOX? Marshfield Concentrated Opportunity (MRFOX) manages $1.25B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is MRFOX actively managed or an index fund? MRFOX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (MRFOX's is 1.02%) in exchange for the discretion to over- or under-weight positions. ### When was MRFOX launched? Marshfield Concentrated Opportunity (MRFOX) launched in December 2015 and is managed by the fund issuer. ### How has MRFOX performed? MRFOX'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 MRFOX pay a dividend? Marshfield Concentrated Opportunity (MRFOX) currently distributes little or no income. Trailing-twelve-month yield is 1.50%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does MRFOX pay dividends? Marshfield Concentrated Opportunity pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is MRFOX's dividend yield? MRFOX's trailing-twelve-month yield is 1.50%, calculated from the sum of dividends over the past year divided by the current price. ### When is MRFOX's next ex-dividend date? The most recently announced ex-dividend date for MRFOX was 2025-12-15. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will MRFOX'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 MRFOX charge its expense ratio? The expense ratio is deducted in tiny daily slices from MRFOX'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 MRFOX cost more than a fund like VOO? MRFOX 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 MRFOX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to MRFOX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as MRFOX (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/mrfox - Distribution history: https://www.dividenddata.com/funds/mrfox/dividend - Holdings & diversification: https://www.dividenddata.com/funds/mrfox/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/mrfox/expenses - Peer comparison: https://www.dividenddata.com/funds/mrfox/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.