FROST CREDIT FUND
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.9%
1 yr return
9.1%
3 Yr Avg Return
2.4%
5 Yr Avg Return
3.8%
Net Assets
$202 M
Holdings in Top 10
22.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.98%
SALES FEES
Front Load 2.50%
Deferred Load N/A
TRADING FEES
Turnover 17.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FCFBX - Profile
Distributions
- YTD Total Return 1.9%
- 3 Yr Annualized Total Return 2.4%
- 5 Yr Annualized Total Return 3.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.51%
- Dividend Yield 5.7%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFROST CREDIT FUND
-
Fund Family NameFrost Funds
-
Inception DateDec 03, 2012
-
Shares Outstanding110627
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
Fund Description
Under normal circumstances, the Fund 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. This investment policy may be changed by the Fund upon 60 days’ prior written notice to shareholders. The Fund 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. The Fund will invest in high yield fixed income securities, also referred to as “junk” bonds, which are generally rated below BBB- by Standard & Poor’s Ratings Services or Fitch, Inc. or Baa3 by Moody’s Investor Service at the time of purchase or are unrated but judged to be of comparable quality by Frost Investment Advisors, LLC (the “Adviser” or “Frost”). The Fund may also enter into repurchase agreements. All securities in which the Fund invests will be denominated in U.S. dollars.
The Fund seeks to achieve its objective through a combination of active portfolio management, sector weightings and individual asset selection with a focus on relative value opportunities. In selecting assets for the Fund, the Adviser uses a top-down approach to analyze industry fundamentals and select individual securities based on its view of their relative value and sensitivity to anticipated interest rate movement. The Adviser will also consider its view of the yield curve and the potential for individual securities to produce consistent income. The Adviser expects that a substantial portion of the Fund’s returns will be derived from credit risk, rather than interest rate risk. The Adviser will manage the Fund balancing the emphasis between interest rate and credit risk dependent on its view of economic growth prospects, interest rate predictions and relative value assessments. The Adviser expects the Fund to own assets that represent a range of credit quality from investment grade to below investment grade in varying degrees dependent on expected market conditions.
FCFBX - Performance
Return Ranking - Trailing
Period | FCFBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.9% | -4.7% | 10.2% | 3.45% |
1 Yr | 9.1% | -3.1% | 23.7% | 1.09% |
3 Yr | 2.4%* | -6.7% | 4.1% | 2.42% |
5 Yr | 3.8%* | -4.4% | 4.3% | 1.39% |
10 Yr | N/A* | -19.2% | 169.6% | N/A |
* Annualized
Return Ranking - Calendar
Period | FCFBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.8% | -5.4% | 7.6% | 0.55% |
2022 | -12.2% | -17.7% | -2.6% | 96.66% |
2021 | 1.3% | -4.0% | 4.4% | 2.49% |
2020 | 2.1% | -8.3% | 7.6% | 39.41% |
2019 | 2.1% | -2.3% | 9.3% | 41.30% |
Total Return Ranking - Trailing
Period | FCFBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.9% | -4.7% | 10.2% | 3.45% |
1 Yr | 9.1% | -3.1% | 23.7% | 1.09% |
3 Yr | 2.4%* | -6.7% | 4.1% | 2.42% |
5 Yr | 3.8%* | -4.4% | 4.3% | 1.39% |
10 Yr | N/A* | -19.2% | 169.6% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | FCFBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.3% | -1.1% | 15.2% | 0.91% |
2022 | -7.8% | -17.3% | -1.3% | 93.14% |
2021 | 5.1% | -2.7% | 7.7% | 2.30% |
2020 | 6.1% | -4.4% | 14.5% | 11.96% |
2019 | 6.5% | 0.6% | 12.6% | 10.93% |
NAV & Total Return History
FCFBX - Holdings
Concentration Analysis
FCFBX | Category Low | Category High | FCFBX % Rank | |
---|---|---|---|---|
Net Assets | 202 M | 14.5 K | 57.3 B | 79.60% |
Number of Holdings | 137 | 2 | 9251 | 81.59% |
Net Assets in Top 10 | 43.6 M | 1.16 M | 6.6 B | 76.71% |
Weighting of Top 10 | 22.25% | 1.8% | 108.7% | 59.57% |
Top 10 Holdings
- TRI PARTY OVERNIGHT REPO REPURCHASE AGREEMENT 6.13%
- BROWN BROTHERS HARRIMAN SWEEP INTEREST 3.18%
- BRUNDAGE-BONE CONCRETE PUMPING HOLDINGS INC 144A 6.000000% 02/01/2026 2.06%
- RACE POINT IX CLO LTD RACEP 2015-9A BR 2.02%
- GOLDENTREE LOAN MANAGEMENT US CLO 19 LTD GLM 2024-19A B 1.53%
- MCF CLO VIII LTD MCFCL 2018-1A B 1.51%
- KYNDRYL HOLDINGS INC 4.100000% 10/15/2041 1.49%
- GOLUB CAPITAL PARTNERS CLO 21M LTD GOCAP 2014-21A CR 1.48%
- APX GROUP INC 144A 5.750000% 07/15/2029 1.45%
- T-MOBILE USA INC 3.500000% 04/15/2031 1.40%
Asset Allocation
Weighting | Return Low | Return High | FCFBX % Rank | |
---|---|---|---|---|
Bonds | 93.45% | 0.00% | 130.68% | 35.20% |
Other | 6.13% | -0.97% | 72.36% | 48.56% |
Cash | 3.18% | -20.59% | 62.18% | 39.71% |
Convertible Bonds | 1.42% | 0.00% | 27.71% | 72.51% |
Preferred Stocks | 0.02% | 0.00% | 22.27% | 10.47% |
Stocks | 0.00% | 0.00% | 103.64% | 24.91% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FCFBX % Rank | |
---|---|---|---|---|
Industrials | 100.00% | 0.00% | 100.00% | 3.17% |
Utilities | 0.00% | 0.00% | 81.48% | 47.62% |
Technology | 0.00% | 0.00% | 24.45% | 44.44% |
Real Estate | 0.00% | 0.00% | 8.31% | 52.38% |
Healthcare | 0.00% | 0.00% | 23.11% | 44.44% |
Financial Services | 0.00% | 0.00% | 100.00% | 68.25% |
Energy | 0.00% | 0.00% | 100.00% | 77.78% |
Communication Services | 0.00% | 0.00% | 65.64% | 60.32% |
Consumer Defense | 0.00% | 0.00% | 21.37% | 42.86% |
Consumer Cyclical | 0.00% | 0.00% | 10.75% | 42.86% |
Basic Materials | 0.00% | 0.00% | 22.71% | 44.44% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FCFBX % Rank | |
---|---|---|---|---|
US | 0.00% | 0.00% | 103.64% | 24.91% |
Non US | 0.00% | 0.00% | 0.02% | 16.43% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FCFBX % Rank | |
---|---|---|---|---|
Securitized | 54.55% | 0.00% | 97.27% | 5.61% |
Corporate | 44.57% | 0.00% | 100.00% | 42.86% |
Cash & Equivalents | 3.18% | 0.00% | 62.18% | 36.46% |
Derivative | 0.00% | -0.55% | 28.01% | 54.87% |
Municipal | 0.00% | 0.00% | 17.46% | 60.76% |
Government | 0.00% | 0.00% | 73.63% | 95.48% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FCFBX % Rank | |
---|---|---|---|---|
US | 93.45% | 0.00% | 130.68% | 30.14% |
Non US | 0.00% | 0.00% | 83.16% | 31.77% |
FCFBX - Expenses
Operational Fees
FCFBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.98% | 0.01% | 3.24% | 26.05% |
Management Fee | 0.50% | 0.00% | 1.19% | 86.82% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 33.10% |
Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
FCFBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 2.50% | 0.50% | 5.75% | 21.25% |
Deferred Load | N/A | 0.50% | 4.00% | N/A |
Trading Fees
FCFBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
FCFBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 17.00% | 2.00% | 500.00% | 2.27% |
FCFBX - Distributions
Dividend Yield Analysis
FCFBX | Category Low | Category High | FCFBX % Rank | |
---|---|---|---|---|
Dividend Yield | 5.75% | 0.00% | 10.76% | 1.99% |
Dividend Distribution Analysis
FCFBX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
FCFBX | Category Low | Category High | FCFBX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.51% | -1.27% | 4.98% | 1.11% |
Capital Gain Distribution Analysis
FCFBX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.044 | OrdinaryDividend |
Feb 29, 2024 | $0.044 | OrdinaryDividend |
Jan 31, 2024 | $0.046 | OrdinaryDividend |
Dec 29, 2023 | $0.048 | OrdinaryDividend |
Nov 30, 2023 | $0.046 | OrdinaryDividend |
Oct 31, 2023 | $0.048 | OrdinaryDividend |
Sep 29, 2023 | $0.039 | OrdinaryDividend |
Aug 31, 2023 | $0.054 | OrdinaryDividend |
Jul 31, 2023 | $0.044 | OrdinaryDividend |
Jun 30, 2023 | $0.046 | OrdinaryDividend |
May 31, 2023 | $0.050 | OrdinaryDividend |
Apr 28, 2023 | $0.041 | OrdinaryDividend |
Mar 31, 2023 | $0.047 | OrdinaryDividend |
Feb 28, 2023 | $0.041 | OrdinaryDividend |
Jan 31, 2023 | $0.044 | OrdinaryDividend |
Dec 30, 2022 | $0.046 | OrdinaryDividend |
Nov 30, 2022 | $0.044 | OrdinaryDividend |
Oct 31, 2022 | $0.037 | OrdinaryDividend |
Sep 30, 2022 | $0.038 | OrdinaryDividend |
Aug 31, 2022 | $0.042 | OrdinaryDividend |
Jul 29, 2022 | $0.035 | OrdinaryDividend |
Jun 30, 2022 | $0.039 | OrdinaryDividend |
May 31, 2022 | $0.034 | OrdinaryDividend |
Apr 29, 2022 | $0.032 | OrdinaryDividend |
Mar 31, 2022 | $0.037 | OrdinaryDividend |
Feb 28, 2022 | $0.030 | OrdinaryDividend |
Jan 31, 2022 | $0.026 | OrdinaryDividend |
Dec 31, 2021 | $0.029 | OrdinaryDividend |
Nov 30, 2021 | $0.029 | OrdinaryDividend |
Oct 29, 2021 | $0.027 | OrdinaryDividend |
Sep 30, 2021 | $0.028 | OrdinaryDividend |
Aug 31, 2021 | $0.041 | OrdinaryDividend |
Jul 30, 2021 | $0.030 | OrdinaryDividend |
Jun 30, 2021 | $0.031 | OrdinaryDividend |
May 28, 2021 | $0.027 | OrdinaryDividend |
Apr 30, 2021 | $0.029 | OrdinaryDividend |
Mar 31, 2021 | $0.035 | OrdinaryDividend |
Feb 26, 2021 | $0.029 | OrdinaryDividend |
Jan 29, 2021 | $0.030 | OrdinaryDividend |
Dec 31, 2020 | $0.035 | OrdinaryDividend |
Nov 30, 2020 | $0.029 | OrdinaryDividend |
Oct 30, 2020 | $0.030 | OrdinaryDividend |
Sep 30, 2020 | $0.032 | OrdinaryDividend |
Aug 31, 2020 | $0.027 | OrdinaryDividend |
Jul 31, 2020 | $0.030 | OrdinaryDividend |
Jun 30, 2020 | $0.034 | OrdinaryDividend |
May 29, 2020 | $0.022 | OrdinaryDividend |
Apr 30, 2020 | $0.033 | OrdinaryDividend |
Mar 31, 2020 | $0.033 | OrdinaryDividend |
Feb 28, 2020 | $0.030 | OrdinaryDividend |
Jan 31, 2020 | $0.032 | OrdinaryDividend |
Dec 31, 2019 | $0.037 | OrdinaryDividend |
Nov 29, 2019 | $0.030 | OrdinaryDividend |
May 31, 2019 | $0.035 | OrdinaryDividend |
Apr 30, 2019 | $0.037 | OrdinaryDividend |
Mar 29, 2019 | $0.035 | OrdinaryDividend |
Feb 28, 2019 | $0.034 | OrdinaryDividend |
Jan 31, 2019 | $0.055 | OrdinaryDividend |
Dec 31, 2018 | $0.037 | OrdinaryDividend |
Nov 30, 2018 | $0.036 | OrdinaryDividend |
Oct 31, 2018 | $0.041 | OrdinaryDividend |
Sep 28, 2018 | $0.033 | OrdinaryDividend |
Aug 31, 2018 | $0.037 | OrdinaryDividend |
Jul 31, 2018 | $0.040 | OrdinaryDividend |
Jun 29, 2018 | $0.036 | OrdinaryDividend |