Frost Credit Fund (FCFAX)
The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in fixed income securities of U.S. and foreign corporate issuers, which will include corporate bonds, collateralized loan obligations and mortgage-backed and other asset-backed securities, and structured notes with economic characteristics similar to fixed income securities. It will invest in callable bonds, as well as fixed income securities that pay a fixed or floating interest rate or interest that is payable in-kind or payable at maturity.
Fund Info
US3592468165
359246816
Dec 3, 2012
$2,500
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Frost Credit Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Frost Credit Fund had a return of 7.48% year-to-date (YTD) and 11.12% in the last 12 months. Over the past 10 years, Frost Credit Fund had an annualized return of 4.13%, while the S&P 500 had an annualized return of 11.16%, indicating that Frost Credit Fund did not perform as well as the benchmark.
FCFAX
7.48%
-0.36%
3.99%
11.12%
4.47%
4.13%
^GSPC (Benchmark)
23.62%
0.54%
11.19%
30.63%
13.61%
11.16%
Monthly Returns
The table below presents the monthly returns of FCFAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.15% | 0.15% | 1.23% | -0.52% | 1.48% | 0.62% | 1.51% | 1.01% | 1.19% | -0.57% | 7.48% | ||
| 2023 | 2.66% | -0.66% | 0.64% | 1.37% | -0.11% | 0.74% | 1.16% | 0.60% | -0.68% | -0.58% | 3.25% | 2.41% | 11.25% |
| 2022 | -1.04% | -0.91% | -1.36% | -2.06% | -1.02% | -2.50% | 1.62% | -0.31% | -2.80% | -0.04% | 2.46% | -0.04% | -7.83% |
| 2021 | 1.10% | 0.18% | 0.15% | 0.89% | 0.47% | 0.81% | 0.50% | 0.51% | 0.09% | -0.03% | -0.21% | 0.50% | 5.06% |
| 2020 | 1.36% | -0.31% | -10.45% | 0.96% | 3.57% | 3.81% | 1.71% | 1.13% | 0.76% | 0.21% | 2.49% | 1.58% | 6.22% |
| 2019 | 1.12% | 0.16% | 1.22% | 0.92% | 0.38% | 0.99% | 0.38% | 0.27% | 0.15% | -0.02% | 0.31% | 0.89% | 6.97% |
| 2018 | 0.49% | -0.07% | 0.14% | 0.05% | 0.41% | 0.06% | 0.41% | 0.39% | 0.04% | 0.01% | -0.03% | -1.37% | 0.52% |
| 2017 | 2.01% | 0.80% | 0.55% | 0.47% | 0.82% | 0.35% | 0.54% | 0.59% | 0.35% | 0.50% | 0.36% | -0.90% | 6.61% |
| 2016 | -2.64% | -2.25% | 4.10% | 2.26% | 0.31% | 0.58% | 4.28% | 0.34% | 0.79% | 0.53% | 0.25% | 1.06% | 9.78% |
| 2015 | 0.49% | 0.93% | 0.33% | 0.87% | 0.96% | -2.06% | -0.01% | -0.44% | -1.06% | 0.51% | -0.99% | -1.85% | -2.35% |
| 2014 | 0.73% | 1.13% | 0.51% | 0.73% | 0.86% | 0.09% | -0.32% | 0.47% | -0.82% | 0.30% | 0.26% | -1.16% | 2.79% |
| 2013 | 0.71% | 0.60% | 0.75% | 1.40% | 0.63% | -3.00% | 1.36% | -0.20% | 1.00% | 1.25% | 0.59% | 0.53% | 5.67% |
Expense Ratio
FCFAX has a high expense ratio of 0.96%, indicating higher-than-average management fees.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of FCFAX is 97, placing it in the top 3% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Frost Credit Fund (FCFAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Frost Credit Fund provided a 5.82% dividend yield over the last twelve months, with an annual payout of $0.55 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.55 | $0.55 | $0.44 | $0.37 | $0.37 | $0.45 | $0.44 | $0.45 | $0.47 | $0.46 | $0.45 | $0.39 |
Dividend yield | 5.82% | 5.95% | 4.99% | 3.64% | 3.70% | 4.63% | 4.68% | 4.60% | 4.85% | 4.96% | 4.56% | 3.81% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.05 | $0.04 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.00 | $0.46 | |
| 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 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.37 |
| 2019 | $0.06 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.45 |
| 2018 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.44 |
| 2017 | $0.05 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.03 | $0.47 |
| 2015 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.46 |
| 2014 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2013 | $0.01 | $0.02 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.39 |
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.
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 0.67%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.33% | Feb 24, 2020 | 22 | Mar 24, 2020 | 122 | Sep 16, 2020 | 144 |
| -10.5% | Nov 10, 2021 | 234 | Oct 14, 2022 | 282 | Nov 29, 2023 | 516 |
| -10.32% | Jun 1, 2015 | 189 | Feb 29, 2016 | 106 | Jul 29, 2016 | 295 |
| -4.22% | May 22, 2013 | 24 | Jun 25, 2013 | 108 | Nov 26, 2013 | 132 |
| -1.81% | Nov 13, 2018 | 36 | Jan 7, 2019 | 28 | Feb 15, 2019 | 64 |
Volatility
Volatility Chart
The current Frost Credit Fund volatility is 0.81%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.