Frost Credit Fund A Class Shares (FCFBX)
The investment seeks to maximize total return, consisting of income and capital appreciation. 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
| ISIN | US3592468322 |
|---|---|
| CUSIP | 359246832 |
| Issuer | Fidelity |
| Inception Date | Dec 3, 2012 |
| Category | Total Bond Market |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
The Frost Credit Fund A Class Shares has a high expense ratio of 1.11%, indicating higher-than-average management fees.
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 A Class Shares, 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 A Class Shares had a return of 1.78% year-to-date (YTD) and 9.09% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.78% | 5.84% |
| 1 month | -0.49% | -2.98% |
| 6 months | 7.60% | 22.02% |
| 1 year | 9.09% | 24.47% |
| 5 years (annualized) | 3.82% | 11.44% |
| 10 years (annualized) | N/A | 10.46% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.04% | 0.15% | 1.24% | |||||||||
| 2023 | -0.67% | -0.70% | 3.25% | 2.52% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Frost Credit Fund A Class Shares(FCFBX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Frost Credit Fund A Class Shares (FCFBX) 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 A Class Shares granted a 5.94% dividend yield in the last twelve months. The annual payout for that period amounted to $0.55 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.55 | $0.55 | $0.44 | $0.37 | $0.37 | $0.44 | $0.29 |
Dividend yield | 5.94% | 5.93% | 5.00% | 3.65% | 3.70% | 4.54% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.05 | $0.04 | $0.04 | |||||||||
| 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 |
| 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 |
| 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 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2019 | $0.05 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 |
| 2018 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.07 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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.
The current Frost Credit Fund A Class Shares drawdown is 0.64%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.34% | Feb 27, 2020 | 19 | Mar 24, 2020 | 122 | Sep 16, 2020 | 141 |
| -10.54% | Sep 23, 2021 | 273 | Oct 21, 2022 | 277 | Nov 29, 2023 | 550 |
| -1.37% | Nov 20, 2018 | 30 | Jan 4, 2019 | 23 | Feb 7, 2019 | 53 |
| -0.86% | Feb 2, 2024 | 8 | Feb 13, 2024 | 12 | Mar 1, 2024 | 20 |
| -0.86% | Apr 10, 2024 | 5 | Apr 16, 2024 | — | — | — |
Volatility
Volatility Chart
The current Frost Credit Fund A Class Shares volatility is 0.84%, 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.