Cromwell CenterSquare Real Estate Fund
Total Fund Solution
Expense ratio
Net assets1
$87.44M
Holdings1
59
Category
US Equity
Return

Investment objective & strategy

As of May 7, 2025 · prospectus

Objective. The Cromwell CenterSquare Real Estate Funds (the CenterSquare Fund or the Fund) investment objective is to achieve a combination of income and long-term capital appreciation .

Strategy. Under normal circumstances, 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, including Real Estate Investment Trusts (REITs). For purposes of the Funds investment policies, CenterSquare Investment Management LLC (CenterSquare Sub-Adviser or Sub-Adviser) considers a company to be principally engaged in the real estate industry if it (i) 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 (ii) has at least 50% of its assets invested in residential, commercial or industrial real estate. The Fund invests primarily in REITs (mainly equity REITs), … Under normal circumstances, 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, including Real Estate Investment Trusts (REITs). For purposes of the Funds investment policies, CenterSquare Investment Management LLC (CenterSquare Sub-Adviser or Sub-Adviser) considers a company to be principally engaged in the real estate industry if it (i) 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 (ii) has at least 50% of its assets invested in residential, commercial or industrial real estate. The Fund invests primarily in REITs (mainly equity REITs), listed Real Estate Operating Companies (REOCs) and equity securities of companies whose principal business is the ownership management and/or development of income producing and for-sale real estate. Investments will primarily be comprised of equity REITs and REOCs but may also include hybrid and mortgage REITs. The Fund may invest in companies representing a broad range of market capitalizations, which generally may include large-, mid-, and small-capitalization companies. The Fund also may invest up to 10% of the Funds assets in initial public offerings (IPOs) and up to 10% of the Funds assets in exchange-traded funds (ETFs). The IPOs and ETFs in which the Fund invests are primarily comprised of REITs or REOCs traded on U.S. exchanges. The Fund is non-diversified and may hold a greater percentage of its assets in securities of a single issuer or a smaller number of issuers than a diversified fund. The Funds strategy generates high portfolio turnover.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
WELLTOWER INC $8.17M 9.34%
EQUINIX INC $6.93M 7.93%
PROLOGIS INC REIT $6.28M 7.18%
AMERICAN TOWER CORP $5.30M 6.06%
DIGITAL REALTY TRUST INC $4.44M 5.08%
VENTAS INC REIT $3.81M 4.35%
EXTRA SPACE STORAGE INC $2.62M 3.00%
PUBLIC STORAGE $2.55M 2.91%
BRIXMOR PROPERTY $2.36M 2.70%
CROWN CASTLE INC $2.31M 2.65%
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Allocation by sector

As of March 31, 2026 · N-PORT
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Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
5
Exited
6
Increased
21
Decreased
33
Unchanged
0

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

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Advisers

As of December 31, 2025 · N-CEN
FirmRole
CenterSquare Investment Management LLC Sub-adviser
Cromwell Investment Advisors, LLC Adviser

Footnotes

  1. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.

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