Frost Credit Fund Investor Class Shares
FCFAX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Advisors Inner Circle Fund II MA United States of America
- IPO Date
- Dec 3, 2012
- CIK
- 0001762332
- Website
- frostinv.com
- Similar Companies
- Business
- Frost Credit Fund Investor Class Shares (FCFAX) is a mutual fund that seeks to maximize total return through income generation and capital appreciation by investing primarily in a diversified portfolio of fixed income securities, including U.S. and foreign corporate bonds, collateralized loan obligations (CLOs), mortgage-backed securities (non-agency RMBS), asset-backed securities (ABS), commercial mortgage-backed securities (CMBS), structured notes, municipal bonds, and callable bonds with fixed, floating, in-kind, or maturity-based interest payments; the fund normally allocates at least 80% of its net assets plus borrowings to these securities across investment grade and high yield categories, with opportunistic adjustments based on relative value, sector weightings, and individual security selection. As of June 30, 2025, the portfolio maintains an effective duration of 3.74 years, average maturity of 7.51 years, and a credit quality breakdown featuring 34.82% in BBB-rated securities, 18.64% below investment grade, 14.17% in A-rated, and allocations to sectors such as corporates (39%), ABS (42%), CLOs (15%), and non-agency RMBS (8%), with top holdings including PBF Holding Company LLC 9.875%, AerCap Ireland Capital 6.5%, and Kyndryl Holdings Inc. 4.1%; the fund targets individual and institutional investors with a minimum investment of $2,500, an expense ratio of 0.95-0.96%, and a SEC 30-day yield of 6.00%. Managed by Frost Investment Advisors, LLC (FIA), a wholly owned non-banking subsidiary of Frost Bank founded in 1868 with $51 billion in total financial assets as of June 30, 2025, the fund operates from headquarters in San Antonio, Texas, where FIA--formed in 2007--oversees $5.3 billion in assets under management including $4.8 billion in mutual funds; portfolio management is led by Jeffery Elswick, Senior Fund Manager and Director of Fixed Income since inception, and Tim Tucker, Senior Fixed Income Research Analyst and Co-Manager since 2015, supported by a team of analysts and traders, with shares distributed by SEI Investments Distribution Co. Launched on December 3, 2012, FCFAX has delivered annualized returns of 4.45% since inception through June 30, 2025, with recent performance including 8.01% in 2024, 11.22% in 2023, and a year-to-date return of 6.74% as of late 2025, earning a 5-star Morningstar rating among 350 multisector bond funds for the 5- and 10-year periods ending June 30, 2025; the fund earned Zacks Mutual Fund Rank #1 (Strong Buy) status in early 2025 recommendations alongside other Frost offerings. In recent developments, Frost Investment Advisors grew assets under management to $5.4 billion as of August 31, 2025, amid positive market commentary on earnings momentum into 2026, while the Frost Credit Fund and related Municipal Bond Fund reported return of capital distributions in fiscal 2024; no major acquisitions, partnerships, new share classes, or strategic reorganizations were announced for FCFAX in 2024-2025, with operations remaining focused on U.S.-centric fixed income strategies.