Frontier MFG Core Infrastructure Fund (FMGIX)
The investment seeks long-term capital appreciation. The fund invests at least 80% of its net assets in equity securities of infrastructure companies. It will concentrate in the infrastructure sector and utilities industry. The fund invests in a diversified portfolio of securities of infrastructure companies that subadviser has determined have an appropriate capital structure, are likely to generate reliable income streams and are likely to benefit from inflation protection. It is anticipated that the fund's portfolio will generally consist of 80 to 100 companies.
Fund Info
| ISIN | US35908Y8075 |
|---|---|
| CUSIP | 35908Y807 |
| Issuer | Frontier Funds |
| Inception Date | Jan 17, 2012 |
| Category | Energy Equities |
| Min. Investment | $100,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
FMGIX has a high expense ratio of 0.50%, 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 Frontier MFG Core Infrastructure 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
Frontier MFG Core Infrastructure Fund had a return of 3.66% year-to-date (YTD) and 4.49% in the last 12 months. Over the past 10 years, Frontier MFG Core Infrastructure Fund had an annualized return of 6.32%, while the S&P 500 had an annualized return of 10.90%, indicating that Frontier MFG Core Infrastructure Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.66% | 11.05% |
| 1 month | 11.58% | 4.86% |
| 6 months | 11.94% | 17.50% |
| 1 year | 4.49% | 27.37% |
| 5 years (annualized) | 5.20% | 13.14% |
| 10 years (annualized) | 6.32% | 10.90% |
Monthly Returns
The table below presents the monthly returns of FMGIX, 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 | -2.85% | -0.84% | 3.01% | -2.63% | 3.66% | ||||||||
| 2023 | 5.52% | -4.38% | 3.68% | 3.28% | -5.41% | 1.25% | 0.68% | -5.20% | -5.61% | -1.09% | 9.66% | 5.41% | 6.57% |
| 2022 | -2.41% | -0.58% | 6.45% | -3.09% | 2.83% | -6.59% | 4.16% | -3.84% | -13.26% | 4.65% | 8.39% | -2.50% | -7.64% |
| 2021 | -2.78% | -2.04% | 7.24% | 4.46% | 0.96% | -1.68% | 3.09% | 1.21% | -4.20% | 3.12% | -3.19% | 7.72% | 13.84% |
| 2020 | 3.38% | -8.23% | -12.38% | 5.60% | 3.87% | -1.02% | 3.86% | -0.12% | -1.34% | -0.66% | 7.04% | 0.43% | -1.36% |
| 2019 | 7.47% | 2.27% | 2.15% | 0.97% | 0.18% | 4.19% | -1.46% | 2.96% | 1.88% | 1.76% | -1.28% | 4.18% | 28.01% |
| 2018 | -0.55% | -6.31% | 2.44% | 1.36% | -2.87% | 2.59% | 1.56% | -1.53% | -0.73% | -1.78% | 2.35% | -2.93% | -6.62% |
| 2017 | 0.72% | 3.77% | 3.71% | 2.19% | 5.13% | -1.05% | 2.97% | 2.51% | -2.93% | 1.62% | 2.63% | -2.34% | 20.26% |
| 2016 | 1.41% | 0.36% | 8.44% | 0.40% | -0.54% | 3.93% | 0.98% | -3.70% | 0.78% | -2.55% | -5.93% | 3.19% | 6.20% |
| 2015 | 1.35% | -2.11% | -1.72% | 2.49% | -0.86% | -4.67% | 3.67% | -3.32% | 2.02% | 4.06% | -2.45% | 0.95% | -1.03% |
| 2014 | 0.33% | 5.18% | 2.16% | 2.26% | 1.18% | 2.91% | -2.34% | 2.39% | -3.89% | 4.34% | 0.99% | 0.32% | 16.62% |
| 2013 | 4.05% | 0.78% | 1.54% | 5.41% | -5.21% | -2.37% | 4.59% | -4.47% | 3.99% | 4.25% | -1.68% | 1.61% | 12.40% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FMGIX is 8, indicating that it is in the bottom 8% 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.
FMGIX (Frontier MFG Core Infrastructure Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Frontier MFG Core Infrastructure Fund (FMGIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Frontier MFG Core Infrastructure Fund granted a 6.30% dividend yield in the last twelve months. The annual payout for that period amounted to $1.11 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.11 | $1.09 | $1.05 | $0.51 | $0.42 | $0.48 | $0.45 | $0.51 | $0.40 | $0.38 | $0.32 | $0.18 |
Dividend yield | 6.30% | 6.39% | 6.15% | 2.63% | 2.38% | 2.63% | 3.09% | 3.15% | 2.83% | 2.79% | 2.31% | 1.42% |
Monthly Dividends
The table displays the monthly dividend distributions for Frontier MFG Core Infrastructure 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 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | |||||||
| 2023 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.69 | $1.09 |
| 2022 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.17 | $0.00 | $0.52 | $0.09 | $0.00 | $0.00 | $0.17 | $1.05 |
| 2021 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.09 | $0.51 |
| 2020 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.09 | $0.42 |
| 2019 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.10 | $0.48 |
| 2018 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.45 |
| 2017 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.12 | $0.51 |
| 2016 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.13 | $0.40 |
| 2015 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.14 | $0.38 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.32 |
| 2013 | $0.18 | $0.18 |
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 Frontier MFG Core Infrastructure 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 Frontier MFG Core Infrastructure Fund was 34.29%, occurring on Mar 23, 2020. Recovery took 283 trading sessions.
The current Frontier MFG Core Infrastructure Fund drawdown is 3.58%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -34.29% | Feb 20, 2020 | 23 | Mar 23, 2020 | 283 | May 6, 2021 | 306 |
| -25.14% | Apr 21, 2022 | 121 | Oct 12, 2022 | — | — | — |
| -12.92% | Aug 1, 2016 | 75 | Nov 14, 2016 | 98 | Apr 6, 2017 | 173 |
| -10.93% | Jan 28, 2015 | 154 | Sep 4, 2015 | 127 | Mar 9, 2016 | 281 |
| -10.66% | Dec 1, 2017 | 267 | Dec 24, 2018 | 40 | Feb 22, 2019 | 307 |
Volatility
Volatility Chart
The current Frontier MFG Core Infrastructure Fund volatility is 2.58%, 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.