Category Review
Municipal bond funds are down for the year after a third-quarter selloff erased the first-half gain
The Advisors' Inner Circle Fund II - Frontier Asset Core Bond ETF
$24.61−0.03 (−0.12%)
- 0.84%
- $40M
- −0.1%
- 4.14%
- 0M sh
- $24.65
- low $24.10high $25.90
The ETF.net FCBD Grade
C
Score 42 out of 100
- 97 of 117
Score 42 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F4 out of 100Rank 112 of 117Mission
Whether the fund did what it promised, tested against its stated mandate.A84 out of 100Rank 81 of 101Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B66 out of 100Rank 22 of 116Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C41 out of 100Rank 78 of 117Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D33 out of 100Rank 98 of 116Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.F16 out of 100Rank 113 of 117
FCBD Holdings
- Stocks
- 8
- 100%
- VGIT
Sectors
- Government48.7%
- Securitized30.9%
- Corporate20.4%
- Municipal0.0%
Geography
- United States100.00%
FCBD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
FCBD$9,993
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FCBD |
|---|---|
| Year to date | −0.9% |
| 1 month | −0.5% |
| 3 months | −1.3% |
| 1 year | −0.1% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FCBD |
|---|---|---|
| 2026 YTD | −0.9% | |
| 2025 | +6.3% | |
| 2024 | 0.0% |
FCBD in the news
FCBD Dividends
- 4.14%
- $1.02
- $0.23 per share
- Quarterly
Distribution history
FCBD Risk
- 2.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.52
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −2.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.06
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FCBD Cost
0.84%
FCBD0.84%
- The middle half of US Aggregate Bond funds
- Median 0.34%
108 of the 113 US Aggregate Bond funds charge less.
Other funds in US Aggregate Bond
- CDMXDoubleLine Multi-Sector Income ETFExpense ratio 0.50%1 year return +3.4%
- CDYNBHartford Dynamic Bond ETFExpense ratio 0.70%1 year return −1.8%
- CUSFIBrandywineGLOBAL - U.S. Fixed Income ETFExpense ratio 0.39%1 year return −0.9%
- DBAMBBrookstone Intermediate Bond ETFExpense ratio 0.95%1 year return −3.4%
- DCRXPColumbia Core Plus Bond ETFExpense ratio 0.48%1 year return —