Frost Core Growth Equity Investor Class Shares
FACEX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Advisors Inner Circle Fund II MA United States of America
- IPO Date
- Jul 1, 2008
- CIK
- 0001762332
- Website
- frostinv.com
- Similar Companies
- Business
- Frost Core Growth Equity Investor Class Shares (FACEX) is an open-end mutual fund that seeks long-term capital appreciation by investing at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities; it primarily targets domestic companies but may also include foreign equities and American Depositary Receipts (ADRs), employing a buy-and-hold strategy with low portfolio turnover of approximately 12-17% to minimize trading costs. The fund, categorized in the large growth segment, holds a non-diversified portfolio of around 59 stocks, with top holdings including Microsoft Corp., NVIDIA Corp., Apple Inc., Alphabet Inc. Class A, Visa Inc. Class A, and Broadcom Inc., focusing on high-quality, growth-oriented large-cap companies across sectors such as technology, communication services, and financial services. Managed by Frost Investment Advisors, LLC, a wholly owned subsidiary of Frost Bank headquartered in San Antonio, Texas, FACEX features an expense ratio of 0.88-0.91%, a minimum initial investment of $2,500, and targets retail and institutional investors seeking equity market exposure with assets under management of approximately $242-248 million. Launched on July 1, 2008, as part of Frost Investment Advisors' initial suite of ten mutual funds made available to retail investors for the first time—previously limited to trust clients and qualified retirement plans—the fund operates primarily in the U.S. market with global equity capabilities through ADRs. Lead portfolio manager John Lutz, CFA, has overseen FACEX since its inception in 2008, assuming full lead responsibility in 2013 after serving as research analyst and co-manager, with co-manager Jonathan Waite joining in 2022; the team emphasizes disciplined stock selection and sector allocation based on decades of experience navigating economic cycles. Recent performance highlights include a one-year total return of approximately 13-16%, five-year annualized return of around 16-18%, year-to-date gains of 11-16% as of late 2025, and a substantial dividend distribution on November 19, 2024, reflecting strong capital gains realizations. In September 2024 and January 2025, FACEX was spotlighted in financial analyses as a top-rated Zacks Mutual Fund Rank #1 (Strong Buy) option within Frost Funds for long-term growth, alongside peers like Frost Total Return Bond and Frost Credit Investor, underscoring sustained positive annualized returns over three- and five-year periods amid robust portfolio performance. No major acquisitions, partnerships, funding rounds, or strategic reorganizations have been reported for the fund or its manager in the last 1-2 years.