Fund Evaluator:
Cromwell Foresight Global Infras Instl (CFGIX)
Follow This Fund
Best Performing in Infrastructure Over the Last Year
| 18.3% | Cohen & Steers Global Infrastructure Z (CSUZX) |
| 16.1% | Northern Multi-Mgr Glbl Listed Infra (NMFIX) |
| 15.4% | Russell Inv Global Infrastructure Y (RGIYX) |
| 15.3% | Russell Inv Global Infrastructure M (RGFTX) |
| 15.2% | Goldman Sachs Global Infras Inv (GGINX) |
Fund Details
Cromwell Foresight Global Infras Instl Overview
Cromwell Foresight Global Infras Instl (CFGIX) is an actively managed Sector Equity Infrastructure fund. Cromwell Funds launched the fund in 2023.
The investment seeks to achieve capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets in equity securities of sustainable infrastructure companies. The fund will invest directly in the shares of companies, ETFs or units of master limited partnerships that, in each case, invest in infrastructure companies and are publicly-traded (listed) on stock exchanges in developed markets, meaning North America, Western Europe and Asia Pacific (specifically Australia, New Zealand, Singapore, Japan, Hong Kong); and that own and operate real infrastructure or sustainable assets anywhere in the world. The fund is non-diversified.
About Cromwell Foresight Global Infras Instl (CFGIX)
There are 2 members of the management team with an average tenure of 3.50 years: Nick Scullion (2023), Eric Bright (2023). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and S&P Global Infrastructure TR USD index with a weighting of 100%. Cromwell Foresight Global Infras Instl has 40 securities in its portfolio. The top 10 holdings constitute 36.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is considered to have an ESG focus with its investment selection and management.
Cromwell Foresight Global Infras Instl is part of the Equity global asset class and is within the Sector Equity fund group. Cromwell Foresight Global Infras Instl has 54.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 31.1%. There is 54.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 1.0% (0.5% domestic bond, 0.5% foreign bond and 0.0% convertible bond). Cromwell Foresight Global Infras Instl has 1.7% of the portfolio in cash.
Assets Under Management
The fund has $55 million in total assets, which is below the $319 million average for the Infrastructure category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
CFGIX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Cromwell Foresight Global Infras Instl expense ratio is high compared to funds in the Infrastructure category. Cromwell Foresight Global Infras Instl has an expense ratio of 1.07%, which is 10% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Cromwell Foresight Global Infras Instl has a portfolio turnover rate of 36%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 56% for the Infrastructure category.
Recently, in the month of July 2026, Cromwell Foresight Global Infras Instl returned 0.1%, which earned it a grade of B, as the Infrastructure category had an average return of -0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Cromwell Foresight Global Infras Instl has a trailing yield of 3.62%, which is above the 1.93% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Cromwell Foresight Global Infras Instl Grades
Year to date, the fund has returned 13.7%, 3.3 percentage points better than the category, which translates into a grade of A. The fund has returned 13.0% over the past year (grade of D) and 6.0% over the past three years (grade of F).
For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Cromwell Foresight Global Infras Instl, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
CFGIX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CFGIX Return (NAV) | 0.1% | -1.0% | 13.0% | 6.0% | na | na |
| CFGIX Grade | B | A | D | F | na | na |
| +/- Category | 0.5% | 1.8% | -2.2% | -6.7% | na | na |
| Infrastructure Avg | -0.3% | -2.8% | 15.2% | 12.7% | 7.9% | 7.6% |
| CFGIX Tax Cost Ratio | na | na | 1.6% | 1.3% | na | na |
CFGIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CFGIX Return (NAV) | 13.7% | 12.7% | -5.6% | na | na | na | na | na | na | na | na |
| CFGIX Grade | A | F | F | na | na | na | na | na | na | na | na |
| +/- Category | 3.3% | -5.6% | -14.6% | na | na | na | na | na | na | na | na |
| Infrastructure Avg | 10.3% | 18.3% | 9.0% | 4.2% | -6.6% | 14.5% | -0.6% | 27.1% | -7.5% | 17.1% | 8.8% |
| Risk Measures | |
| Standard Deviation: | 18.0% |
| Total Risk Index: | 1.47 - High |
| Category Risk Index: | 1.35 - High |
| Category Risk Grade: | F (103% Rank) |
| Beta: | 0.93 |
| R-Squared: | 43% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 3.6% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $55 Mil |
| Fund Total Assets: | $ 55 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 36% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 3.5 years | |||
| Average Tenure: 3.5 years | |||
| Managers (Year): Scullion Nick (2023), Bright Eric (2023) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 40 |
| % in Top 10 Holdings: | 36.8% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 54.9% |
Portfolio Allocation |
|
| Domestic Stock: | 31.1% |
| Foreign Stock: | 54.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.5% |
| Foreign Bond: | 0.5% |
| Convertible Bond: | 0.0% |
| Other: | 11.9% |
| Cash: | 1.7% |
Purchase Information
| Fund Family: | Cromwell Funds |
| Phone Number: | 855-625-7333 |
| Website: |
| Status: | Open |
| Inception Date: | January 31, 2023 |
| Min. Initial Purchase: | $100,000 |
| Min. Initial IRA Purchase: | $25,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.07% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.19% |
| Share Class: | Cromwell Foresight Global Infras Instl |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
