Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Frontier MFG Core Infrastructure Fund
mutual fund
FMGIX
Payout Change
Pending
Price as of:
$14.38
+0.03
+0.21%
primary theme
Infrastructure Industry Equity
share class
FMGIX (Mutual Fund)
Frontier MFG Core Infrastructure Fund
Payout Change
Pending
Price as of:
$14.38
+0.03
+0.21%
primary theme
Infrastructure Industry Equity
share class
FMGIX (Mutual Fund)
Frontier MFG Core Infrastructure Fund
Payout Change
Pending
Price as of:
$14.38
+0.03
+0.21%
primary theme
Infrastructure Industry Equity
share class
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
5.2%
1 yr return
7.4%
3 Yr Avg Return
1.9%
5 Yr Avg Return
3.2%
Net Assets
$263 M
Holdings in Top 10
29.0%
52 WEEK LOW AND HIGH
$14.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.64%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 17.00%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$100,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
FMGIX - Profile
Distributions
- YTD Total Return 5.2%
- 3 Yr Annualized Total Return 1.9%
- 5 Yr Annualized Total Return 3.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.52%
- Dividend Yield 3.8%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameFrontier MFG Core Infrastructure Fund
-
Fund Family NameFrontier Funds
-
Inception DateJan 18, 2012
-
Shares Outstanding21335619
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGerald Stack
Fund Description
Under normal market conditions, the Fund invests at least 80% of its net assets in the equity securities of infrastructure companies. Equity securities in which the Fund invests as part of its principal investment strategy consist of common stocks, stapled securities (an equity security comprised of multiple parts) and Real Estate Investment Trusts (“REITs”) of infrastructure companies. The Fund will concentrate in the infrastructure sector and utilities industry. The Fund will invest in both U.S. and non-U.S. companies of all market capitalizations, with a minimum market capitalization of U.S. $500 million at the time of purchase. 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 invests in a 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’s portfolio will generally consist of 70 to 100 companies.
FMGIX - Performance
Return Ranking - Trailing
| Period | FMGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.2% | -13.9% | 21.1% | 75.00% |
| 1 Yr | 7.4% | -13.3% | 22.1% | 68.48% |
| 3 Yr | 1.9%* | -13.2% | 14.3% | 57.61% |
| 5 Yr | 3.2%* | -2.9% | 19.1% | 80.00% |
| 10 Yr | 5.6%* | 2.3% | 8.3% | 25.53% |
* Annualized
Return Ranking - Calendar
| Period | FMGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.2% | -17.5% | 30.1% | 58.70% |
| 2022 | -12.8% | -28.1% | -3.4% | 71.74% |
| 2021 | 10.7% | -28.7% | 35.7% | 43.68% |
| 2020 | -3.9% | -12.5% | 28.8% | 52.00% |
| 2019 | 24.5% | 9.9% | 33.6% | 27.03% |
Total Return Ranking - Trailing
| Period | FMGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.2% | -13.9% | 21.1% | 75.00% |
| 1 Yr | 7.4% | -13.3% | 22.1% | 68.48% |
| 3 Yr | 1.9%* | -13.2% | 14.3% | 57.61% |
| 5 Yr | 3.2%* | -2.9% | 19.1% | 80.00% |
| 10 Yr | 5.6%* | 2.3% | 8.3% | 25.53% |
* Annualized
Total Return Ranking - Calendar
| Period | FMGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.8% | -15.6% | 31.0% | 23.91% |
| 2022 | -7.7% | -27.1% | -0.5% | 51.09% |
| 2021 | 13.8% | -3.5% | 36.4% | 59.77% |
| 2020 | -1.4% | -11.2% | 29.9% | 42.67% |
| 2019 | 28.0% | 16.7% | 35.3% | 47.30% |
NAV & Total Return History
FMGIX - Holdings
Concentration Analysis
| FMGIX | Category Low | Category High | FMGIX % Rank | |
|---|---|---|---|---|
| Net Assets | 263 M | 1.83 M | 9.72 B | 41.30% |
| Number of Holdings | 93 | 26 | 233 | 18.48% |
| Net Assets in Top 10 | 130 M | 823 K | 5.61 B | 41.30% |
| Weighting of Top 10 | 28.97% | 8.2% | 62.5% | 93.48% |
Top 10 Holdings
- Aena SME SA 3.08%
- TC Energy Corp 3.02%
- National Grid PLC 3.00%
- Cellnex Telecom SA 3.00%
- Enbridge Inc 2.98%
- Ferrovial SE 2.90%
- Transurban Group 2.88%
- Vinci SA 2.84%
- Fortis Inc/Canada 2.74%
- Hydro One Ltd 2.54%
Asset Allocation
| Weighting | Return Low | Return High | FMGIX % Rank | |
|---|---|---|---|---|
| Stocks | 98.02% | 86.92% | 101.95% | 54.35% |
| Cash | 1.98% | 0.00% | 8.62% | 36.96% |
| Preferred Stocks | 0.00% | 0.00% | 2.81% | 57.61% |
| Other | 0.00% | -0.22% | 2.35% | 53.26% |
| Convertible Bonds | 0.00% | 0.00% | 2.46% | 54.35% |
| Bonds | 0.00% | 0.00% | 6.41% | 55.43% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FMGIX % Rank | |
|---|---|---|---|---|
| Utilities | 66.62% | 3.71% | 96.19% | 11.96% |
| Industrials | 16.87% | 0.00% | 68.24% | 60.87% |
| Energy | 6.96% | 0.00% | 32.46% | 75.00% |
| Real Estate | 6.27% | 0.00% | 23.51% | 51.09% |
| Communication Services | 3.28% | 0.00% | 27.53% | 46.74% |
| Technology | 0.00% | 0.00% | 25.65% | 75.00% |
| Healthcare | 0.00% | 0.00% | 6.54% | 54.35% |
| Financial Services | 0.00% | 0.00% | 17.28% | 60.87% |
| Consumer Defense | 0.00% | 0.00% | 0.99% | 57.61% |
| Consumer Cyclical | 0.00% | 0.00% | 10.02% | 57.61% |
| Basic Materials | 0.00% | 0.00% | 25.54% | 67.39% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FMGIX % Rank | |
|---|---|---|---|---|
| Non US | 57.77% | 0.00% | 97.95% | 8.70% |
| US | 40.25% | 1.96% | 99.99% | 85.87% |
FMGIX - Expenses
Operational Fees
| FMGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.64% | 0.30% | 10.15% | 92.39% |
| Management Fee | 0.50% | 0.30% | 1.00% | 8.70% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.04% | 0.15% | 17.17% |
Sales Fees
| FMGIX 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
| FMGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 2.00% | 2.00% | 2.00% | 60.00% |
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.
| FMGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 17.00% | 13.00% | 128.00% | 5.63% |
FMGIX - Distributions
Dividend Yield Analysis
| FMGIX | Category Low | Category High | FMGIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.81% | 0.00% | 5.50% | 2.17% |
Dividend Distribution Analysis
| FMGIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| FMGIX | Category Low | Category High | FMGIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.52% | -0.39% | 4.38% | 11.36% |
Capital Gain Distribution Analysis
| FMGIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 13, 2024 | $0.341 | CapitalGainShortTerm |
| Dec 13, 2024 | $2.817 | CapitalGainLongTerm |
| Sep 27, 2024 | $0.136 | OrdinaryDividend |
| Mar 28, 2024 | $0.082 | OrdinaryDividend |
| Dec 28, 2023 | $0.149 | OrdinaryDividend |
| Dec 28, 2023 | $0.271 | CapitalGainLongTerm |
| Dec 14, 2023 | $0.271 | CapitalGainLongTerm |
| Sep 28, 2023 | $0.132 | OrdinaryDividend |
| Jun 27, 2023 | $0.200 | OrdinaryDividend |
| Mar 28, 2023 | $0.063 | OrdinaryDividend |
| Dec 29, 2022 | $0.123 | OrdinaryDividend |
| Dec 13, 2022 | $0.042 | CapitalGainLongTerm |
| Sep 29, 2022 | $0.093 | OrdinaryDividend |
| Aug 29, 2022 | $0.521 | OrdinaryDividend |
| Jun 24, 2022 | $0.170 | OrdinaryDividend |
| Mar 25, 2022 | $0.099 | OrdinaryDividend |
| Dec 16, 2021 | $0.093 | OrdinaryDividend |
| Sep 29, 2021 | $0.183 | OrdinaryDividend |
| Jun 24, 2021 | $0.164 | OrdinaryDividend |
| Mar 25, 2021 | $0.074 | OrdinaryDividend |
| Dec 17, 2020 | $0.086 | OrdinaryDividend |
| Sep 28, 2020 | $0.132 | OrdinaryDividend |
| Jun 25, 2020 | $0.130 | OrdinaryDividend |
| Mar 26, 2020 | $0.072 | OrdinaryDividend |
| Dec 19, 2019 | $0.098 | OrdinaryDividend |
| Sep 27, 2019 | $0.117 | OrdinaryDividend |
| Jun 27, 2019 | $0.178 | OrdinaryDividend |
| Mar 28, 2019 | $0.089 | OrdinaryDividend |
| Dec 18, 2018 | $0.079 | OrdinaryDividend |
| Dec 18, 2018 | $0.016 | CapitalGainShortTerm |
| Sep 25, 2018 | $0.098 | OrdinaryDividend |
| Jun 27, 2018 | $0.202 | OrdinaryDividend |
| Mar 29, 2018 | $0.060 | OrdinaryDividend |
| Dec 18, 2017 | $0.116 | OrdinaryDividend |
| Dec 18, 2017 | $0.003 | CapitalGainLongTerm |
| Sep 28, 2017 | $0.160 | OrdinaryDividend |
| Jun 28, 2017 | $0.193 | OrdinaryDividend |
| Mar 29, 2017 | $0.041 | OrdinaryDividend |
| Dec 20, 2016 | $0.106 | OrdinaryDividend |
| Dec 20, 2016 | $0.029 | CapitalGainLongTerm |
| Sep 28, 2016 | $0.076 | OrdinaryDividend |
| Jun 28, 2016 | $0.145 | OrdinaryDividend |
| Mar 29, 2016 | $0.039 | OrdinaryDividend |
| Dec 18, 2015 | $0.098 | OrdinaryDividend |
| Dec 18, 2015 | $0.017 | CapitalGainShortTerm |
| Dec 18, 2015 | $0.022 | CapitalGainLongTerm |
| Sep 25, 2015 | $0.074 | OrdinaryDividend |
| Jun 26, 2015 | $0.136 | OrdinaryDividend |
| Mar 27, 2015 | $0.031 | OrdinaryDividend |
| Dec 19, 2014 | $0.020 | CapitalGainShortTerm |
| Dec 19, 2014 | $0.006 | CapitalGainLongTerm |
| Dec 19, 2014 | $0.299 | OrdinaryDividend |
FMGIX - Fund Manager Analysis
Managers
Gerald Stack
Start Date
Tenure
Tenure Rank
Jan 18, 2012
10.37
10.4%
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.
David Costello
Start Date
Tenure
Tenure Rank
Oct 31, 2021
0.58
0.6%
David Costello is Portfolio Manager - MFG Core Infrastructure Fund. David joined Magellan in 2015. Prior to Magellan, David led Ernst & Young’s financial-modelling practice in Brisbane. Before this, David worked for National Australia Bank and SFG Consulting. David holds a Bachelor of Laws (Honours) and a Bachelor of Commerce (Honours) from the University of Queensland. David is a CFA Charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.17 | 18.18 | 5.81 | 8.08 |
