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Trending ETFs

Name

As of 03/27/2024

Price

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

$9.78

$290 M

3.66%

$0.36

0.69%

Vitals

YTD Return

0.6%

1 yr return

4.6%

3 Yr Avg Return

0.1%

5 Yr Avg Return

1.2%

Net Assets

$290 M

Holdings in Top 10

46.2%

52 WEEK LOW AND HIGH

$9.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.69%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 49.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$1,500


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

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

$9.78

$290 M

3.66%

$0.36

0.69%

FADLX - Profile

Distributions

  • YTD Total Return 0.6%
  • 3 Yr Annualized Total Return 0.1%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.25%
DIVIDENDS
  • Dividend Yield 3.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    FROST LOW DURATION BOND FUND
  • Fund Family Name
    Frost Funds
  • Inception Date
    Apr 25, 2008
  • Shares Outstanding
    2322908
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jeffery Elswick

Fund Description

Under normal market conditions, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in fixed income securities. This investment policy may be changed by the Fund upon 60 days’ prior written notice to shareholders. The Fund’s emphasis is on total return with low volatility by investing primarily in shorter-term investment grade securities. Short-term bonds are considered more stable than longer-maturity bonds, but less stable than money market securities.

To achieve its objective, the Fund invests in a diversified mix of taxable fixed income securities. Frost Investment Advisors, LLC (the “Adviser” or “Frost”) actively manages the maturity of the Fund and purchases securities which will, on average, mature in less than 5 years. The Adviser actively manages the duration of the Fund and purchases securities such that the average weighted duration of the Fund’s portfolio will typically range within plus or minus one year of the Bloomberg U.S. 1-5 Year Government Credit Index duration. The Fund seeks to maintain a low duration but may lengthen or shorten its duration within that range to reflect changes in the overall composition of the short-term investment-grade debt markets. Duration is a measure of a bond price’s sensitivity to a given change in interest rates. Generally, the longer a bond’s duration, the greater its price sensitivity to a change in interest rates. For example, the price of a bond with a duration of five years would be expected to fall approximately 5% if rates were to rise by one percentage point. Thus, the higher the duration, the more volatile the security. The Adviser, in constructing and maintaining the Fund’s portfolio, employs the following four primary strategies to varying degrees depending on its views of economic growth prospects, interest rate predictions and relative value assessments: interest rate positioning based on duration and yield curve position; asset category allocations; credit sector allocations relating to security ratings by the national ratings agencies; and individual security selection.

The Fund typically invests in the following U.S. dollar-denominated fixed income securities: U.S. Treasury securities; governmental agency debt; corporate debt; collateralized loan obligations; asset-backed securities; taxable municipal bonds; and, to a lesser extent, residential and commercial mortgage-backed securities. The Fund’s fixed income investments are primarily of investment grade (rated in one of the four highest rating categories by at least one rating agency), but may at times include securities rated below investment grade (high yield or “junk” bonds). In addition, the Fund’s fixed income securities may include unrated securities, if deemed by the Adviser to be of comparable quality to investment grade. The Fund may also enter into repurchase agreements.

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FADLX - Performance

Return Ranking - Trailing

Period FADLX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -1.8% 9.2% 39.24%
1 Yr 4.6% -0.2% 24.4% 40.22%
3 Yr 0.1%* -5.9% 4.1% 55.39%
5 Yr 1.2%* -3.8% 4.4% 67.26%
10 Yr 1.3%* -19.2% 169.7% 60.12%

* Annualized

Return Ranking - Calendar

Period FADLX Return Category Return Low Category Return High Rank in Category (%)
2023 1.9% -5.4% 7.6% 50.64%
2022 -6.5% -17.7% -2.6% 34.75%
2021 -2.3% -4.0% 4.4% 81.11%
2020 2.0% -8.3% 7.6% 40.63%
2019 1.1% -2.3% 9.3% 92.54%

Total Return Ranking - Trailing

Period FADLX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -1.8% 9.2% 39.24%
1 Yr 4.6% -0.2% 24.4% 40.22%
3 Yr 0.1%* -5.9% 4.1% 55.39%
5 Yr 1.2%* -3.8% 4.4% 67.26%
10 Yr 1.3%* -19.2% 169.7% 60.12%

* Annualized

Total Return Ranking - Calendar

Period FADLX Return Category Return Low Category Return High Rank in Category (%)
2023 5.4% -1.1% 15.2% 56.44%
2022 -5.0% -17.3% -1.3% 53.42%
2021 -0.6% -2.7% 7.7% 71.56%
2020 3.9% -4.4% 14.5% 58.40%
2019 2.9% 0.6% 12.6% 96.37%

NAV & Total Return History


FADLX - Holdings

Concentration Analysis

FADLX Category Low Category High FADLX % Rank
Net Assets 290 M 14.1 K 58.8 B 75.22%
Number of Holdings 70 2 9721 88.87%
Net Assets in Top 10 133 M 1.16 M 6.6 B 64.63%
Weighting of Top 10 46.21% 1.8% 108.7% 12.93%

Top 10 Holdings

  1. US TREASURY N/B 3.875000% 03/31/2025 11.90%
  2. US TREASURY N/B 3.750000% 04/15/2026 11.78%
  3. VERIZON MASTER TRUST VZMT 2023-4 C 3.33%
  4. CAPITAL ONE FINANCIAL CORP 4.200000% 10/29/2025 3.28%
  5. MOLEX ELECTRONIC TECHNOLOGIES LLC 144A 3.900000% 04/15/2025 3.21%
  6. PRESTIGE AUTO RECEIVABLES TRUST 2023-1 PART 2023-1A B 2.73%
  7. FIFTH THIRD BANCORP 6.361000% 10/27/2028 2.70%
  8. CARDS II TRUST CARD2 2021-1A B 2.45%
  9. FANNIE MAE 5.030000% 04/10/2024 2.42%
  10. KYNDRYL HOLDINGS INC 2.050000% 10/15/2026 2.42%

Asset Allocation

Weighting Return Low Return High FADLX % Rank
Bonds
97.46% 0.00% 130.68% 21.18%
Other
2.08% -0.97% 72.36% 62.84%
Convertible Bonds
0.48% 0.00% 27.71% 87.41%
Cash
0.46% -20.59% 62.18% 81.33%
Stocks
0.00% 0.00% 103.64% 31.24%
Preferred Stocks
0.00% 0.00% 21.82% 20.29%

Bond Sector Breakdown

Weighting Return Low Return High FADLX % Rank
Securitized
58.75% 0.00% 97.27% 4.14%
Government
23.43% 0.00% 73.63% 38.49%
Corporate
16.79% 0.00% 100.00% 84.71%
Cash & Equivalents
0.10% 0.00% 62.18% 78.64%
Derivative
0.00% -0.55% 24.84% 50.09%
Municipal
0.00% 0.00% 17.46% 57.55%

Bond Geographic Breakdown

Weighting Return Low Return High FADLX % Rank
US
97.46% 0.00% 130.68% 18.67%
Non US
0.00% 0.00% 83.16% 26.57%

FADLX - Expenses

Operational Fees

FADLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.69% 0.01% 3.24% 49.46%
Management Fee 0.30% 0.00% 1.19% 39.86%
12b-1 Fee 0.25% 0.00% 1.00% 27.68%
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

FADLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.50% 4.00% N/A

Trading Fees

FADLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

FADLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 49.00% 2.00% 500.00% 27.31%

FADLX - Distributions

Dividend Yield Analysis

FADLX Category Low Category High FADLX % Rank
Dividend Yield 3.66% 0.00% 10.34% 56.55%

Dividend Distribution Analysis

FADLX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FADLX Category Low Category High FADLX % Rank
Net Income Ratio 1.25% -1.27% 4.98% 44.95%

Capital Gain Distribution Analysis

FADLX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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FADLX - Fund Manager Analysis

Managers

Jeffery Elswick


Start Date

Tenure

Tenure Rank

Apr 25, 2008

14.11

14.1%

Jeffery joined Frost Bank, the parent company of Frost Investment Advisors, LLC, in 2006 and has over 18 years of investment experience. His primary responsibilities include managing all trading and analysis for the fixed income efforts. Today, Jeffery draws on his experience to lead the fixed income investment strategy and oversees a team of traders and analysts in the research process. Jeffery provides thought leadership on the economy and investment climate to clients and the firm. Prior to joining the Adviser, Jeffery served as a fixed income portfolio manager, analyst and trader at Capital One Financial Corporation for six years. He received a Master of Science in Finance degree from Texas A&M University and a Bachelor of Business Administration in Finance and Accounting degree from Texas A&M University – Commerce.

Markie Atkission


Start Date

Tenure

Tenure Rank

Apr 18, 2019

3.12

3.1%

Markie Atkission joined Frost Bank, the parent company of Frost Investment Advisors, LLC, in 2006. She specializes in taxable fixed income products such as treasuries, corporates, asset-backed securities, and commercial mortgage backs. Markie is a co-manager of the Frost Low Duration Fund and responsible for developing strategic and tactical views on sector allocation as well as security selection. She also performs daily portfolio management analytics on our fixed income strategies and other accounts. Markie earned a Bachelor of Business Administration degree in Finance from Texas Tech University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 6.13 2.41