Frontier MFG Global Sustainable Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
3.4%
1 yr return
19.3%
3 Yr Avg Return
4.3%
5 Yr Avg Return
N/A
Net Assets
$28.8 M
Holdings in Top 10
52.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.65%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 29.00%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$10,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FMSRX - Profile
Distributions
- YTD Total Return 3.4%
- 3 Yr Annualized Total Return 4.3%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.23%
- Dividend Yield 0.7%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameFrontier MFG Global Sustainable Fund
-
Fund Family NameFrontier Funds
-
Inception DateOct 20, 2020
-
Shares Outstanding2261249
-
Share ClassS
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDomenico Giuliano
Fund Description
Under normal market conditions, the Fund invests at least 80% of its net assets in equity securities of issuers listed on U.S. and international stock exchanges that meet the criteria for environmental, social and governance (“ESG”) and low carbon investments of the Fund’s subadviser, Magellan Asset Management Limited doing business as MFG Asset Management (“MFG Asset Management”). Equity securities in which the Fund will invest as a principal investment strategy consist of common stocks, American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”). In selecting investments for the Fund, MFG Asset Management reviews a broad spectrum of ESG issues for their materiality of impact on the future earnings and risks of companies. MFG Asset Management considers amongst other things and where applicable: environmental issues, such as climate change and pollution; social issues, such as human rights and health and safety; and corporate governance issues, such as governance and compensation structures. The choice of ESG factors for any company will vary by industry and company. In addition, MFG Asset Management incorporates a proprietary process that facilitates the identification of companies with materially lower carbon factor risk through the analysis of factors such as carbon emissions intensity and fossil fuel exposure.
The Fund invests in a non-diversified portfolio of high quality companies, which are companies that MFG Asset Management believes are market leaders in their industry, earn returns on capital above the cost of capital, and have long term and sustainable competitive advantages. The Fund will generally hold between 20 to 50 companies in its portfolio that meet these criteria. Under normal market conditions, the Fund will allocate its assets among issuers located in at least three different countries and will invest at least 40% of its net assets in non-U.S. companies. MFG Asset Management may reduce this 40% minimum investment amount to 30% if it deems market conditions to be unfavorable. 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 may invest in companies headquartered in China including investments in A share listings on Chinese stock exchanges. The Fund may invest in companies of any size, but generally invests in companies with a market capitalization of at least $5 billion. The Fund may have significant investments in the technology sector.
FMSRX - Performance
Return Ranking - Trailing
Period | FMSRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.4% | -35.6% | 29.2% | 64.09% |
1 Yr | 19.3% | 17.3% | 252.4% | 92.27% |
3 Yr | 4.3%* | -3.5% | 34.6% | N/A |
5 Yr | N/A* | 0.1% | 32.7% | N/A |
10 Yr | N/A* | -6.9% | 18.3% | N/A |
* Annualized
Return Ranking - Calendar
Period | FMSRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 30.6% | -24.3% | 957.1% | N/A |
2022 | -22.7% | -38.3% | 47.1% | N/A |
2021 | 12.0% | -54.2% | 0.6% | N/A |
2020 | N/A | -76.0% | 54.1% | N/A |
2019 | N/A | -26.1% | 47.8% | N/A |
Total Return Ranking - Trailing
Period | FMSRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.4% | -35.6% | 29.2% | 64.54% |
1 Yr | 19.3% | 11.4% | 252.4% | 91.25% |
3 Yr | 4.3%* | -3.5% | 34.6% | N/A |
5 Yr | N/A* | 0.1% | 32.7% | N/A |
10 Yr | N/A* | -6.9% | 18.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | FMSRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 31.6% | -24.3% | 957.1% | N/A |
2022 | -22.2% | -33.1% | 47.1% | N/A |
2021 | 15.7% | -44.4% | 1.8% | N/A |
2020 | N/A | -6.5% | 54.1% | N/A |
2019 | N/A | -14.4% | 47.8% | N/A |
NAV & Total Return History
FMSRX - Holdings
Concentration Analysis
FMSRX | Category Low | Category High | FMSRX % Rank | |
---|---|---|---|---|
Net Assets | 28.8 M | 199 K | 133 B | 88.27% |
Number of Holdings | 27 | 1 | 9075 | 92.40% |
Net Assets in Top 10 | 15 M | -18 M | 37.6 B | 81.06% |
Weighting of Top 10 | 52.03% | 9.1% | 100.0% | 7.44% |
Top 10 Holdings
- Microsoft Corp 7.40%
- Alphabet Inc 7.14%
- Nestle SA 7.03%
- Meta Platforms Inc 4.73%
- Amazon.com Inc 4.56%
- U.S. Bank Money Market Deposit Account 4.47%
- Intercontinental Exchange Inc 4.32%
- Booking Holdings Inc 4.28%
- Dollar General Corp 4.09%
- Eversource Energy 4.00%
Asset Allocation
Weighting | Return Low | Return High | FMSRX % Rank | |
---|---|---|---|---|
Stocks | 95.39% | 61.84% | 125.47% | 97.36% |
Cash | 4.61% | -174.70% | 23.12% | 2.20% |
Preferred Stocks | 0.00% | -0.01% | 5.28% | 79.07% |
Other | 0.00% | -13.98% | 19.14% | 10.46% |
Convertible Bonds | 0.00% | 0.00% | 4.46% | 77.09% |
Bonds | 0.00% | -1.50% | 161.67% | 77.75% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FMSRX % Rank | |
---|---|---|---|---|
Consumer Defense | 20.13% | 0.00% | 73.28% | 5.07% |
Communication Services | 19.58% | 0.00% | 57.66% | 2.42% |
Financial Services | 18.35% | 0.00% | 38.42% | 58.04% |
Consumer Cyclical | 15.92% | 0.00% | 40.94% | 23.35% |
Technology | 12.17% | 0.00% | 49.87% | 87.89% |
Industrials | 5.31% | 0.00% | 44.06% | 99.67% |
Utilities | 4.32% | 0.00% | 29.12% | 2.64% |
Healthcare | 4.22% | 0.00% | 35.42% | 93.06% |
Real Estate | 0.00% | 0.00% | 39.48% | 96.37% |
Energy | 0.00% | 0.00% | 21.15% | 93.72% |
Basic Materials | 0.00% | 0.00% | 38.60% | 97.80% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FMSRX % Rank | |
---|---|---|---|---|
US | 72.84% | 0.13% | 103.82% | 59.03% |
Non US | 22.55% | 0.58% | 99.46% | 79.07% |
FMSRX - Expenses
Operational Fees
FMSRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.65% | 0.01% | 44.27% | N/A |
Management Fee | 0.80% | 0.00% | 1.82% | 76.15% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.76% | N/A |
Sales Fees
FMSRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
FMSRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 2.00% | 1.00% | 2.00% | 70.59% |
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.
FMSRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 29.00% | 0.00% | 395.00% | 57.34% |
FMSRX - Distributions
Dividend Yield Analysis
FMSRX | Category Low | Category High | FMSRX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.75% | 0.00% | 3.26% | 4.27% |
Dividend Distribution Analysis
FMSRX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Annually | Annually |
Net Income Ratio Analysis
FMSRX | Category Low | Category High | FMSRX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.23% | -4.27% | 12.65% | N/A |
Capital Gain Distribution Analysis
FMSRX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 28, 2023 | $0.102 | OrdinaryDividend |
Dec 29, 2022 | $0.016 | OrdinaryDividend |
Aug 29, 2022 | $0.040 | OrdinaryDividend |
Dec 17, 2020 | $0.026 | OrdinaryDividend |
FMSRX - Fund Manager Analysis
Managers
Domenico Giuliano
Start Date
Tenure
Tenure Rank
Oct 09, 2019
2.64
2.6%
In 2014, Dom was promoted to Deputy Chief Investment Officer and is the portfolio manager of the Global Sustainable and the Global ESG strategies, while still covering financial stocks. Prior to Magellan, Dom was an executive director at Morgan Stanley, with responsibility for leading sector coverage of insurance companies for Asia Pacific. Dom also worked as a consultant with Tillinghast-Towers Perrin, working across a wide span of assignments. Dom holds a Master of Business Administration from the Australian Graduate School of Management and a Bachelor of Economics from Macquarie University, and is a Fellow of the Institute of Actuaries of Australia. Dom is a member of Magellan’s Investment Committee.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.01 | 35.82 | 6.24 | 1.25 |