Frontier MFG Select Infrastructure Svc
Name
As of 08/23/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
6.2%
1 yr return
-0.8%
3 Yr Avg Return
5.0%
5 Yr Avg Return
N/A
Net Assets
$1.26 M
Holdings in Top 10
46.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.17%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 22.00%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$10,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 08/23/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FMSSX - Profile
Distributions
- YTD Total Return 6.2%
- 3 Yr Annualized Total Return 5.0%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.99%
- Dividend Yield 2.6%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameFrontier MFG Select Infrastructure Fund
-
Fund Family NameFrontier Funds
-
Inception DateFeb 19, 2019
-
Shares Outstanding3250215
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerGerald Stack
Fund Description
Under normal market conditions, the Fund invests a minimum of 80% of its net assets in the equity securities of infrastructure companies. The Fund will invest in common stock, stapled securities (an equity security comprised of multiple parts) and Real Estate Investment Trusts (“REITs”) of infrastructure companies as part of its principal investment strategy. The Fund will concentrate in the securities of companies operating in infrastructure-related industries. The Fund will invest in both U.S. and non-U.S. companies and may invest in companies of any size, with a minimum market capitalization of $500 million. With respect to its non-U.S. investments, the Fund invests in companies located in developed countries but may also invest in emerging markets as part of its principal investment strategy.
The Fund’s subadviser, Magellan Asset Management Limited doing business as MFG Asset Management (“MFG Asset Management”), seeks to provide investors with exposure to the infrastructure sector and to deliver stable investment returns relative to other equity funds. The Fund will invest in a non-diversified portfolio of securities of infrastructure companies that MFG Asset Management has determined have an appropriate capital structure, are likely to generate reliable income streams and are likely to benefit from inflation protection. The Fund will normally hold a limited number (typically 20 to 40) of companies that meet these criteria. The Fund will typically hold up to 20% of its assets in cash and cash equivalents.
FMSSX - Performance
Return Ranking - Trailing
Period | FMSSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.2% | -17.9% | 18.2% | 5.88% |
1 Yr | -0.8% | -30.1% | 15.3% | 34.31% |
3 Yr | 5.0%* | -13.2% | 22.6% | 60.64% |
5 Yr | N/A* | -6.8% | 12.9% | N/A |
10 Yr | N/A* | -3.4% | 2.9% | N/A |
* Annualized
Return Ranking - Calendar
Period | FMSSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -9.6% | -28.1% | -3.4% | 31.37% |
2022 | 10.4% | -28.7% | 35.7% | 42.27% |
2021 | -7.9% | -12.5% | 28.8% | 87.06% |
2020 | N/A | 9.9% | 33.6% | N/A |
2019 | N/A | -19.8% | -5.3% | N/A |
Total Return Ranking - Trailing
Period | FMSSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.2% | -15.7% | 18.5% | 5.88% |
1 Yr | -0.8% | -26.6% | 16.2% | 34.31% |
3 Yr | 5.0%* | -3.2% | 23.4% | 60.64% |
5 Yr | N/A* | 0.7% | 13.7% | N/A |
10 Yr | N/A* | 2.9% | 9.6% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | FMSSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -7.1% | -27.1% | -0.5% | 65.69% |
2022 | 12.6% | -3.5% | 36.4% | 83.51% |
2021 | -6.3% | -9.5% | 29.9% | 92.94% |
2020 | N/A | 16.7% | 35.3% | N/A |
2019 | N/A | -19.2% | -1.4% | N/A |
NAV & Total Return History
FMSSX - Holdings
Concentration Analysis
FMSSX | Category Low | Category High | FMSSX % Rank | |
---|---|---|---|---|
Net Assets | 1.26 M | 1.75 M | 9.08 B | 100.00% |
Number of Holdings | 34 | 29 | 233 | 93.27% |
Net Assets in Top 10 | 65.5 M | 733 K | 4.98 B | 63.46% |
Weighting of Top 10 | 46.39% | 8.2% | 63.0% | 23.08% |
Top 10 Holdings
- Transurban Grp 6.64%
- U.S. Bank Money Market Deposit Account 5.47%
- Sempra Energy 5.13%
- Dominion Energy Inc 5.04%
- Red Electrica Corporacion SA 5.00%
- Red Electrica Corporacion SA 5.00%
- Red Electrica Corporacion SA 5.00%
- Red Electrica Corporacion SA 5.00%
- Red Electrica Corporacion SA 5.00%
- Red Electrica Corporacion SA 5.00%
Asset Allocation
Weighting | Return Low | Return High | FMSSX % Rank | |
---|---|---|---|---|
Stocks | 95.89% | 86.09% | 100.70% | 82.69% |
Cash | 4.06% | -11.28% | 13.91% | 18.27% |
Other | 0.06% | 0.00% | 13.60% | 22.12% |
Preferred Stocks | 0.00% | 0.00% | 2.81% | 49.04% |
Convertible Bonds | 0.00% | 0.00% | 2.46% | 48.08% |
Bonds | 0.00% | 0.00% | 6.41% | 48.08% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FMSSX % Rank | |
---|---|---|---|---|
Utilities | 56.15% | 3.71% | 96.19% | 19.23% |
Industrials | 29.38% | 0.00% | 68.24% | 40.38% |
Real Estate | 9.58% | 0.00% | 23.51% | 35.58% |
Energy | 4.89% | 0.00% | 32.46% | 79.81% |
Technology | 0.00% | 0.00% | 25.65% | 73.08% |
Healthcare | 0.00% | 0.00% | 6.54% | 47.12% |
Financial Services | 0.00% | 0.00% | 17.28% | 53.85% |
Communication Services | 0.00% | 0.00% | 27.53% | 90.38% |
Consumer Defense | 0.00% | 0.00% | 0.99% | 50.96% |
Consumer Cyclical | 0.00% | 0.00% | 10.02% | 50.96% |
Basic Materials | 0.00% | 0.00% | 25.54% | 60.58% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FMSSX % Rank | |
---|---|---|---|---|
US | 50.15% | 0.00% | 99.80% | 53.85% |
Non US | 45.74% | 0.00% | 99.06% | 70.19% |
FMSSX - Expenses
Operational Fees
FMSSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.17% | 0.30% | 20.38% | 61.00% |
Management Fee | 0.80% | 0.30% | 1.25% | 39.42% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.04% | 0.15% | N/A |
Sales Fees
FMSSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 4.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
FMSSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 2.00% | 2.00% | 2.00% | 57.14% |
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.
FMSSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 22.00% | 13.00% | 128.00% | 8.43% |
FMSSX - Distributions
Dividend Yield Analysis
FMSSX | Category Low | Category High | FMSSX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.63% | 0.00% | 5.08% | 53.85% |
Dividend Distribution Analysis
FMSSX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Annually |
Net Income Ratio Analysis
FMSSX | Category Low | Category High | FMSSX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.99% | -0.39% | 4.38% | 29.00% |
Capital Gain Distribution Analysis
FMSSX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 29, 2022 | $0.048 | OrdinaryDividend |
Jun 24, 2022 | $0.077 | OrdinaryDividend |
Mar 25, 2022 | $0.037 | OrdinaryDividend |
Dec 16, 2021 | $0.046 | OrdinaryDividend |
Sep 29, 2021 | $0.071 | OrdinaryDividend |
Jun 24, 2021 | $0.064 | OrdinaryDividend |
Mar 25, 2021 | $0.034 | OrdinaryDividend |
Dec 17, 2020 | $0.029 | OrdinaryDividend |
Sep 28, 2020 | $0.066 | OrdinaryDividend |
Jun 25, 2020 | $0.042 | OrdinaryDividend |
Mar 26, 2020 | $0.029 | OrdinaryDividend |
Sep 27, 2019 | $0.059 | OrdinaryDividend |
Jun 27, 2019 | $0.085 | OrdinaryDividend |
Mar 28, 2019 | $0.043 | OrdinaryDividend |
FMSSX - Fund Manager Analysis
Managers
Gerald Stack
Start Date
Tenure
Tenure Rank
Jul 02, 2018
3.92
3.9%
Mr. Stack joined MFG Asset Management in January 2007 and serves as a Portfolio Manager. Mr. Stack is a senior member of MFG’s Infrastructure Investment Team. Prior to joining MFG, Mr. Stack was a Director at Capital Partners (now known as CP2), a firm he joined in 1998. He has a Bachelor’s Degree in Economics and an MBA from the University of Sydney and is a Chartered Accountant.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.17 | 18.18 | 5.93 | 8.08 |