Fund Overview

Fund Overview

Share Class

I

NAV | as of 12/05/2022

$7.33
-$0.21 (-2.91%)

Morningstar | Style Box

V B G L M S

Overall Morningstar Rating


Rated against 576 Small Growth funds as of 10/31/2022

View Morningstar Details

Growth of $10,000 (Hypothetical)

Since Inception 09/24/1997 to 11/30/2022 = $81,398.14

  • 3YR
  • 5YR
  • 10YR
  • INCEP.
INCEP.
  • 3YR
  • 5YR
  • 10YR
  • INCEP.

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month end please call 800.835.3879. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown.

Objective

Seeks long-term capital appreciation by investing in a portfolio of small cap stocks.

Why Consider

  • May be appropriate for investors looking to gain exposure to small cap stocks
  • Manager brings a long history of disciplined investing in small and mid cap stocks, emphasizing fundamental research and bottom-up stock selection
  • Targets companies with solid business models with strong earnings power while selling at reasonable valuations

James A. Colgan

SENIOR VICE PRESIDENT

G. Michael Novak, Jr.

SENIOR VICE PRESIDENT

Performance

Performance

Read Important Investment Disclosures

Returns

Trailing Returns

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month end please call 800.835.3879. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown. Returns for periods less than one year are not annualized.

Expense Ratios

  • Gross Expense Ratio: 1.36%
  • Net Expense Ratio: 0.94%
  • Expense Cap Expiration Date: 03/01/2023

Distributions & Pricing

Distributions

Calendar Year Distributions

Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
Dec 15, 2021 $3.912500 $1.888300 $2.024200
Dec 16, 2020 $0.392200 $0.015600 $0.376600
Dec 16, 2019 $0.723300 $0.723300
Dec 27, 2018 $4.050300 $1.955200 $2.095100
Dec 27, 2017 $2.996200 $0.709000 $2.287200
Dec 27, 2016 $0.048300 $0.048300
Dec 28, 2015 $3.043900 $0.056500 $2.987400
Dec 26, 2014 $11.760100 $2.448900 $9.311200
Dec 26, 2013 $3.013600 $1.215500 $1.798100
Dec 15, 2000 $1.684420 $0.074080 $1.610340
Oct 25, 2000 $1.280000 $1.280000
Dec 15, 1999 $0.105800 $0.105800
Oct 26, 1999 $0.600000 $0.600000
Dec 15, 1997 $0.002670 $0.002670
Oct 31, 1997 $0.024000 $0.015000 $0.009000

Risk & Return Stats

As of: 11/30/2022

3YR 5YR 10YR
Alpha
Alpha is a measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a security or mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the security or fund relative to the return of the benchmark index is a fund's alpha.
7.44 8.03 2.35
Standard Deviation
Standard Deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is calculated as the square root of variance.
29.07 26.44 21.29
Sharpe Ratio
Sharpe Ratio is a risk-adjusted measure developed by William Sharpe. It is calculated using standard deviation and excess return to determine reward per unit of risk. First, the average monthly return of the 90-day Treasury bill (over a 36-month period) is subtracted from the portfolio's average monthly return. The difference in total return represents the portfolio's excess return beyond that of the 90-day Treasury bill, a risk-free investment. An arithmetic annualized excess return is then calculated by multiplying this monthly return by 12. To show a relationship between excess return and risk, this number is then divided by the standard deviation of the portfolio's annualized excess returns. The higher the Sharpe ratio, the better the portfolio's historical risk-adjusted performance.
0.35 0.45 0.58
Upside Capture Ratio (%)
Upside Capture Ratio (%) is a measure of a manager's performance in up markets relative to a particular benchmark. An up market is one in which the market's quarterly (or monthly) return is greater than or equal to zero. For example, a ratio of 50% means that the portfolio's value increased half as much as its benchmark index during up markets.
125.04 138.54 117.50
Downside Capture Ratio (%)
Downside Capture Ratio (%) measures a manager's performance in down markets relative to a particular benchmark. A down market is one in which the market's quarterly (or monthly) return is less than zero. For example, a ratio of 50% means that the portfolio's value fell half as much as its benchmark index during down markets.
96.86 96.46 98.71
Beta
Beta measures the relationship between the portfolio's excess return over T-bills (representing a risk-free rate) relative to the excess return of the portfolio's benchmark. A low beta does not imply that the portfolio has a low level of volatility; rather, a low beta means that the portfolio's market-related risk is low. Beta is often referred to as systematic risk.
1.07 1.08 1.04
R-Squared
R-Squared ranges from 0 to 100 and reflects the percentage of a portfolio's movements that are explained by movements in its benchmark index. A portfolio with an R-squared of 100 means that all movement is completely explained by benchmark index movement. Thus, a portfolio that invests only in S&P 500 stocks will have an R-squared very close to 100. Conversely, a low R-squared indicates that very little of the portfolio's movement is explained by benchmark movement. An R-squared measure of 35, for example, means that movements in its benchmark index can explain only 35% of the portfolio's movements. R-squared is used to ascertain the significance of a particular beta or alpha and generally a higher R-squared will indicate more useful alpha and beta figures.
91.71 92.05 91.96
Tracking Error (%)
Tracking Error (%) , which is often referred to as the active risk of the portfolio, measures how closely a manager's returns track the returns of a benchmark index. Specifically, tracking error measures the standard deviation of the excess returns a portfolio generates compared to its benchmark. This gives an indication of the volatility of a portfolio versus its benchmark. If a manager tracks a benchmark closely, then tracking error will be low. If a manager tracks a benchmark perfectly, then tracking error will be zero.
8.58 7.67 6.09
View All Characteristics & Stats

Portfolio & Holdings

Portfolio & Holdings

Top Holdings (Equity)

As of: 09/30/2022

KBR Inc 4.66%
Genpact Ltd 4.17%
Beacon Roofing Supply Inc 3.25%
MasTec Inc 3.25%
Mattel Inc 3.17%
Permian Resources Corp, Class A 2.98%
Array Technologies Inc 2.76%
SM Energy Co 2.75%
Caesars Entertainment Inc 2.53%
PDC Energy Inc 2.37%
% in Top 10 Holdings 31.90%
View Holding Details Read Important Investment Disclosures

Sector Allocation (Equity)

As of: 09/30/2022

View Allocation Details

Investment Approach

Investment Approach

Frontier Small Cap Growth Fund

The Fund invests primarily in common stocks of small U.S. companies whose market capitalization at the time of purchase is within the range of the Russell 2000® Index, the S&P Small Cap 600 Index, or the Dow Jones U.S. Small Cap Total Stock Market Index.

Frontier utilizes and draws support from its entire team of investment professionals to identify opportunities and conduct fundamental research. Through fundamental bottom-up research, Frontier seeks long-term capital appreciation by investing in small cap companies that it believes have above-average earnings growth potential and are available at reasonable valuations.

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About

Background

Frontier Capital Management Company, LLC, specializes in growth and value equity investments on behalf of institutional and individual clients.

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Founded

1980


Headquarters

Boston


Affiliate Since

2000

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