- ISIN
- US3592468322
- CUSIP
- 359246832
- Issuer
- Fidelity
- Inception Date
- Dec 3, 2012
- Category
- Total Bond Market
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
FCFBX Performance Chart
Frost Credit Fund A Class Shares (FCFBX) is up 1.5% since the beginning of the year. FCFBX is currently trading at $9 per share. Investors who bought $1,000 worth of FCFBX shares 5 years ago would now be looking at an investment worth $1,193.
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Returns By Period
Frost Credit Fund A Class Shares (FCFBX) has returned 1.47% so far this year and 5.11% over the past 12 months.
Frost Credit Fund A Class Shares
- 1D
- 0.00%
- 1M
- 0.61%
- YTD
- 1.47%
- 6M
- 1.22%
- 1Y
- 5.11%
- 3Y*
- 6.87%
- 5Y*
- 3.60%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
FCFBX Monthly Returns History
Based on dividend-adjusted daily data since Jun 1, 2018, FCFBX's average daily return is +0.02%, while the average monthly return is +0.35%. At this rate, an investment would double in approximately 16.5 years.
Historically, 72% of months were positive and 28% were negative. The best month was Jun 2020 with a return of +3.9%, while the worst month was Mar 2020 at -10.6%. The longest winning streak lasted 18 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FCFBX closed higher 40% 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% | -1.12% | 0.63% | 0.61% | 0.00% | 1.47% | ||||||
| 2025 | 0.32% | 1.12% | -1.05% | -0.42% | 0.71% | 1.12% | 0.31% | 1.12% | 0.85% | 0.06% | 0.23% | -0.24% | 4.16% |
| 2024 | 1.04% | 0.15% | 1.24% | -0.41% | 1.47% | 0.51% | 1.51% | 1.11% | 1.19% | -0.68% | 1.02% | -0.50% | 7.90% |
| 2023 | 2.65% | -0.54% | 0.64% | 1.25% | 0.00% | 0.62% | 1.27% | 0.60% | -0.67% | -0.70% | 3.25% | 2.52% | 11.35% |
| 2022 | -0.94% | -0.91% | -1.36% | -2.06% | -1.13% | -2.39% | 1.62% | -0.31% | -2.91% | 0.08% | 2.35% | -0.04% | -7.84% |
| 2021 | 1.21% | 0.08% | 0.25% | 0.79% | 0.57% | 0.71% | 0.59% | 0.41% | 0.18% | -0.03% | -0.21% | 0.41% | 5.07% |
Benchmark Metrics
Frost Credit Fund A Class Shares has an annualized alpha of 3.50%, beta of 0.05, and R2 of 0.08 versus S&P 500 Index. Calculated based on daily prices since June 04, 2018.
- This fund participated in 18.96% of S&P 500 Index downside but only 18.67% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.05 may look defensive, but with R2 of 0.08 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 0.08 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
- 3.50%
- Beta
- 0.05
- R²
- 0.08
- Upside Capture
- 18.67%
- Downside Capture
- 18.96%
Expense Ratio
FCFBX has a high expense ratio of 1.11%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FCFBX ranks 62 for risk / return — better than 62% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Frost Credit Fund A Class Shares (FCFBX) and compare them to S&P 500 Index.
| FCFBX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.27 | 2.24 | +0.03 |
Sortino ratioReturn per unit of downside risk | 3.52 | 3.07 | +0.45 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.41 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.93 | 2.93 | 0.00 |
Martin ratioReturn relative to average drawdown | 11.03 | 13.52 | -2.49 |
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 A Class Shares 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 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.57 | $0.47 | $0.54 | $0.55 | $0.44 | $0.37 | $0.37 | $0.44 | $0.29 |
Dividend yield | 6.16% | 5.09% | 5.76% | 5.93% | 5.00% | 3.65% | 3.70% | 4.55% | 3.10% |
Monthly Dividends
The table displays the monthly dividend distributions for Frost Credit Fund A Class Shares. 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 | $0.23 | ||||||
| 2025 | $0.00 | $0.05 | $0.00 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.06 | $0.47 |
| 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 | $0.04 | $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 Class Shares. 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 A Class Shares was 16.34%, occurring on Mar 24, 2020. Recovery took 122 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -16.34%Mar 2020 | 26d | 5mo 26d | 6mo 22dFeb 2020 - Sep 2020 |
Bear market2022 | -10.77%Oct 2022 | 9mo 24d | 1y 1mo | 1y 11moDec 2021 - Dec 2023 |
2025 selloff2025 | -3.27%Apr 2025 | 1mo 8d | 2mo 16d | 3mo 24dMar 2025 - Jun 2025 |
2026 pullback2026 | -1.71%Mar 2026 | 25d | 2mo 3d | 2mo 28dMar 2026 - May 2026 |
2024 pullback2024 | -1.47%Dec 2024 | 9d | 2mo 7d | 2mo 16dDec 2024 - Feb 2025 |
Drawdown Indicators
| FCFBX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.34% | -56.78% | +40.44% |
Max Drawdown (1Y)Largest decline over 1 year | -1.71% | -9.10% | +7.39% |
Max Drawdown (3Y)Largest decline over 3 years | -3.27% | -18.90% | +15.63% |
Max Drawdown (5Y)Largest decline over 5 years | -10.77% | -25.43% | +14.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -1.81% | -10.72% | +8.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 1.97% | -1.52% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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