- ISIN
- US3592461053
- Issuer
- Frost Funds
- Inception Date
- Apr 25, 2008
- Category
- Large Cap Growth Equities
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
FICEX Performance Chart
Frost Growth Equity Fund (FICEX) is up 0.8% since the beginning of the year. FICEX is currently trading at $15 per share. Investors who bought $1,000 worth of FICEX shares 5 years ago would now be looking at an investment worth $1,676.
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Returns By Period
Frost Growth Equity Fund (FICEX) has returned 0.82% so far this year and 13.17% over the past 12 months. Looking at the last ten years, FICEX has achieved an annualized return of 16.99%, outperforming the S&P 500 Index benchmark, which averaged 13.71% per year.
Frost Growth Equity Fund
- 1D
- -1.60%
- 1M
- -2.71%
- YTD
- 0.82%
- 6M
- -0.20%
- 1Y
- 13.17%
- 3Y*
- 19.76%
- 5Y*
- 10.88%
- 10Y*
- 16.99%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
FICEX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2001, FICEX's average daily return is +0.04%, while the average monthly return is +0.80%. At this rate, an investment would double in approximately 7.2 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2020 with a return of +14.5%, while the worst month was Oct 2008 at -14.6%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FICEX closed higher 52% of trading days. The best single day was Nov 19, 2024 with a return of +24.3%, while the worst single day was Nov 20, 2024 at -18.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.78% | -4.67% | -5.48% | 12.53% | 6.32% | -4.78% | 0.82% | ||||||
| 2025 | 2.45% | -2.39% | -8.77% | 1.91% | 8.18% | 6.35% | 2.53% | 0.88% | 3.38% | 3.78% | -1.68% | -1.45% | 15.00% |
| 2024 | 3.76% | 6.85% | 1.29% | -4.69% | 5.24% | 6.67% | -1.88% | 2.49% | 1.92% | -0.55% | 5.95% | 0.39% | 30.28% |
| 2023 | 7.74% | -2.05% | 7.74% | 2.69% | 5.17% | 5.89% | 3.01% | 0.06% | -5.14% | -0.67% | 10.99% | 3.63% | 45.24% |
| 2022 | -8.97% | -4.90% | 3.23% | -12.41% | -1.99% | -7.77% | 12.01% | -5.62% | -9.70% | 4.22% | 4.64% | -7.66% | -31.98% |
| 2021 | -1.67% | 1.23% | 1.22% | 7.33% | -1.49% | 6.23% | 3.36% | 3.45% | -5.29% | 7.50% | 0.05% | 1.62% | 25.23% |
Benchmark Metrics
Frost Growth Equity Fund has an annualized alpha of 1.95%, beta of 0.97, and R2 of 0.82 versus S&P 500 Index. Calculated based on daily prices since January 03, 2001.
- This fund captured 104.27% of S&P 500 Index gains but only 97.33% of its losses - a favorable profile for investors.
- With beta of 0.97 and R2 of 0.82, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.95%
- Beta
- 0.97
- R²
- 0.82
- Upside Capture
- 104.27%
- Downside Capture
- 97.33%
Expense Ratio
FICEX has an expense ratio of 0.63%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FICEX ranks 11 for risk / return — in the bottom 11% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Frost Growth Equity Fund (FICEX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FICEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.32 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | 2.46 | -1.67 |
| Martin ratioReturn relative to average drawdown | 2.42 | 10.92 | -8.50 |
Dividends
Dividend History
Frost Growth Equity Fund provided a 21.76% dividend yield over the last twelve months, with an annual payout of $3.21 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.21 | $3.21 | $3.44 | $2.36 | $1.44 | $2.41 | $0.62 | $1.43 | $1.81 | $3.55 | $1.34 | $1.70 |
Dividend yield | 21.76% | 21.94% | 22.19% | 16.16% | 12.25% | 12.50% | 3.59% | 10.57% | 16.11% | 28.09% | 10.86% | 12.51% |
Monthly Dividends
The table displays the monthly dividend distributions for Frost Growth Equity 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.21 | $3.21 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.44 | $0.00 | $3.44 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.35 | $0.01 | $2.36 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.44 | $1.44 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.41 | $2.41 |
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 Growth Equity 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 Growth Equity Fund was 50.03%, occurring on Mar 9, 2009. Recovery took 748 trading sessions.
The current Frost Growth Equity Fund drawdown is 5.58%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -50.03%Mar 2009 | 1y 4mo | 2y 11mo | 4y 3moNov 2007 - Feb 2012 |
2003 bear market2003 | -41.73%Mar 2003 | 1y 9mo | 4y 1mo | 5y 11moMay 2001 - Apr 2007 |
Bear market2022 | -35.13%Nov 2022 | 11mo 16d | 1y 2mo | 2y 1moNov 2021 - Jan 2024 |
2025 selloff2025 | -32.32%Apr 2025 | 4mo 19d | 1y 1mo | 1y 6moNov 2024 - May 2026 |
COVID crash2020 | -29.18%Mar 2020 | 1mo 2d | 2mo 17d | 3mo 19dFeb 2020 - Jun 2020 |
Drawdown Indicators
| FICEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.03% | -56.78% | +6.75% |
Max Drawdown (1Y)Largest decline over 1 year | -18.43% | -9.10% | -9.33% |
Max Drawdown (3Y)Largest decline over 3 years | -32.32% | -18.90% | -13.42% |
Max Drawdown (5Y)Largest decline over 5 years | -35.13% | -25.43% | -9.70% |
Max Drawdown (10Y)Largest decline over 10 years | -35.13% | -33.92% | -1.21% |
Current DrawdownCurrent decline from peak | -5.58% | -3.21% | -2.37% |
Average DrawdownAverage peak-to-trough decline | -11.19% | -10.71% | -0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.98% | 2.04% | +3.94% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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