- ISIN
- US3592468165
- CUSIP
- 359246816
- Issuer
- Frost Funds
- Inception Date
- Dec 3, 2012
- Category
- Short-Term Bond
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
FCFAX Performance Chart
Frost Credit Fund (FCFAX) is up 1.4% since the beginning of the year. FCFAX is currently trading at $9 per share. Investors who bought $1,000 worth of FCFAX shares 5 years ago would now be looking at an investment worth $1,204.
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Returns By Period
Frost Credit Fund (FCFAX) has returned 1.36% so far this year and 4.89% over the past 12 months.
Frost Credit Fund
- 1D
- 0.00%
- 1M
- 0.18%
- YTD
- 1.36%
- 6M
- 1.33%
- 1Y
- 4.89%
- 3Y*
- 7.19%
- 5Y*
- 3.79%
- 10Y*
- 5.18%
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FCFAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2013, FCFAX's average daily return is +0.02%, while the average monthly return is +0.37%. At this rate, an investment would double in approximately 15.6 years.
Historically, 73% of months were positive and 27% were negative. The best month was Jul 2016 with a return of +4.3%, while the worst month was Mar 2020 at -10.5%. The longest winning streak lasted 23 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FCFAX closed higher 38% of trading days. The best single day was Mar 26, 2020 with a return of +2.3%, while the worst single day was Mar 20, 2020 at -3.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.68% | 0.68% | -1.23% | 0.74% | 0.61% | -0.11% | 1.36% | ||||||
| 2025 | 0.76% | 1.12% | -0.49% | -0.53% | 0.82% | 1.11% | 0.31% | 1.01% | 0.85% | 0.16% | 0.23% | -0.24% | 5.21% |
| 2024 | 1.15% | 0.15% | 1.24% | -0.52% | 1.47% | 0.62% | 1.51% | 1.01% | 1.19% | -0.57% | 0.92% | -0.39% | 8.01% |
| 2023 | 2.65% | -0.65% | 0.64% | 1.36% | -0.11% | 0.74% | 1.16% | 0.60% | -0.67% | -0.58% | 3.25% | 2.41% | 11.23% |
| 2022 | -1.04% | -0.91% | -1.36% | -2.06% | -1.02% | -2.49% | 1.62% | -0.31% | -2.80% | -0.04% | 2.47% | -0.04% | -7.83% |
| 2021 | 1.10% | 0.18% | 0.15% | 0.90% | 0.47% | 0.81% | 0.49% | 0.51% | 0.08% | -0.03% | -0.21% | 0.51% | 5.07% |
Benchmark Metrics
Frost Credit Fund has an annualized alpha of 3.03%, beta of 0.08, and R2 of 0.19 versus S&P 500 Index. Calculated based on daily prices since January 03, 2013.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (16.57%) than losses (14.54%) - typical of diversified or defensive assets.
- Beta of 0.08 may look defensive, but with R2 of 0.19 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.19 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.03%
- Beta
- 0.08
- R²
- 0.19
- Upside Capture
- 16.57%
- Downside Capture
- 14.54%
Expense Ratio
FCFAX has a high expense ratio of 0.96%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FCFAX ranks 57 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Frost Credit Fund (FCFAX) and compare them to S&P 500 Index.
| FCFAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.43 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | — | — |
| Martin ratioReturn relative to average drawdown | 9.87 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Frost Credit Fund provided a 6.16% dividend yield over the last twelve months, with an annual payout of $0.57 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.57 | $0.57 | $0.54 | $0.55 | $0.44 | $0.37 | $0.37 | $0.45 | $0.48 | $0.58 | $0.47 | $0.46 |
Dividend yield | 6.16% | 6.10% | 5.76% | 5.93% | 5.00% | 3.65% | 3.69% | 4.62% | 5.05% | 5.85% | 4.84% | 4.95% |
Monthly Dividends
The table displays the monthly dividend distributions for Frost Credit Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.00 | $0.24 | ||||||
| 2025 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.06 | $0.57 |
| 2024 | $0.05 | $0.04 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.54 |
| 2023 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.55 |
| 2022 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.44 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Frost Credit Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Frost Credit Fund was 16.33%, occurring on Mar 24, 2020. Recovery took 122 trading sessions.
The current Frost Credit Fund drawdown is 0.11%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -16.33%Mar 2020 | 29d | 5mo 26d | 6mo 25dFeb 2020 - Sep 2020 |
Bear market2022 | -10.49%Oct 2022 | 9mo 19d | 1y 1mo | 1y 11moDec 2021 - Nov 2023 |
2016 correction2016 | -10.33%Feb 2016 | 9mo 3d | 5mo 1d | 1y 1moJun 2015 - Jul 2016 |
2013 pullback2013 | -4.22%Jun 2013 | 1mo 4d | 5mo 24d | 6mo 28dMay 2013 - Dec 2013 |
2025 selloff2025 | -2.82%Apr 2025 | 1mo 8d | 2mo 1d | 3mo 9dMar 2025 - Jun 2025 |
Drawdown Indicators
| FCFAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.33% | -9.10% | -7.23% |
Max Drawdown (1Y)Largest decline over 1 year | -1.82% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -2.82% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -10.49% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -16.33% | — | — |
Current DrawdownCurrent decline from peak | -0.11% | -2.97% | +2.86% |
Average DrawdownAverage peak-to-trough decline | -1.53% | -1.13% | -0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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