FROST LOW DURATION BOND FUND
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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
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 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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%
- Dividend Yield 3.7%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFROST LOW DURATION BOND FUND
-
Fund Family NameFrost Funds
-
Inception DateApr 25, 2008
-
Shares Outstanding2322908
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJeffery 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.
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
- US TREASURY N/B 3.875000% 03/31/2025 11.90%
- US TREASURY N/B 3.750000% 04/15/2026 11.78%
- VERIZON MASTER TRUST VZMT 2023-4 C 3.33%
- CAPITAL ONE FINANCIAL CORP 4.200000% 10/29/2025 3.28%
- MOLEX ELECTRONIC TECHNOLOGIES LLC 144A 3.900000% 04/15/2025 3.21%
- PRESTIGE AUTO RECEIVABLES TRUST 2023-1 PART 2023-1A B 2.73%
- FIFTH THIRD BANCORP 6.361000% 10/27/2028 2.70%
- CARDS II TRUST CARD2 2021-1A B 2.45%
- FANNIE MAE 5.030000% 04/10/2024 2.42%
- 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
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.029 | OrdinaryDividend |
Feb 29, 2024 | $0.030 | OrdinaryDividend |
Jan 31, 2024 | $0.030 | OrdinaryDividend |
Dec 29, 2023 | $0.034 | OrdinaryDividend |
Nov 30, 2023 | $0.030 | OrdinaryDividend |
Oct 31, 2023 | $0.030 | OrdinaryDividend |
Sep 29, 2023 | $0.030 | OrdinaryDividend |
Aug 31, 2023 | $0.033 | OrdinaryDividend |
Jul 31, 2023 | $0.028 | OrdinaryDividend |
Jun 30, 2023 | $0.028 | OrdinaryDividend |
May 31, 2023 | $0.029 | OrdinaryDividend |
Apr 28, 2023 | $0.024 | OrdinaryDividend |
Mar 31, 2023 | $0.024 | OrdinaryDividend |
Feb 28, 2023 | $0.021 | OrdinaryDividend |
Jan 31, 2023 | $0.022 | OrdinaryDividend |
Dec 30, 2022 | $0.023 | OrdinaryDividend |
Nov 30, 2022 | $0.022 | OrdinaryDividend |
Oct 31, 2022 | $0.017 | OrdinaryDividend |
Sep 30, 2022 | $0.014 | OrdinaryDividend |
Aug 31, 2022 | $0.013 | OrdinaryDividend |
Jul 29, 2022 | $0.011 | OrdinaryDividend |
Jun 30, 2022 | $0.012 | OrdinaryDividend |
May 31, 2022 | $0.009 | OrdinaryDividend |
Apr 29, 2022 | $0.008 | OrdinaryDividend |
Mar 31, 2022 | $0.010 | OrdinaryDividend |
Feb 28, 2022 | $0.008 | OrdinaryDividend |
Jan 31, 2022 | $0.007 | OrdinaryDividend |
Dec 31, 2021 | $0.007 | OrdinaryDividend |
Nov 30, 2021 | $0.008 | OrdinaryDividend |
Oct 29, 2021 | $0.008 | OrdinaryDividend |
Sep 30, 2021 | $0.008 | OrdinaryDividend |
Aug 31, 2021 | $0.009 | OrdinaryDividend |
Jul 30, 2021 | $0.009 | OrdinaryDividend |
Jun 30, 2021 | $0.010 | OrdinaryDividend |
May 28, 2021 | $0.010 | OrdinaryDividend |
Apr 30, 2021 | $0.010 | OrdinaryDividend |
Mar 31, 2021 | $0.012 | OrdinaryDividend |
Feb 26, 2021 | $0.011 | OrdinaryDividend |
Jan 29, 2021 | $0.011 | OrdinaryDividend |
Dec 31, 2020 | $0.017 | OrdinaryDividend |
Nov 30, 2020 | $0.012 | OrdinaryDividend |
Oct 30, 2020 | $0.013 | OrdinaryDividend |
Sep 30, 2020 | $0.014 | OrdinaryDividend |
Aug 31, 2020 | $0.013 | OrdinaryDividend |
Jul 31, 2020 | $0.014 | OrdinaryDividend |
Jun 30, 2020 | $0.014 | OrdinaryDividend |
May 29, 2020 | $0.013 | OrdinaryDividend |
Apr 30, 2020 | $0.012 | OrdinaryDividend |
Mar 31, 2020 | $0.016 | OrdinaryDividend |
Feb 28, 2020 | $0.014 | OrdinaryDividend |
Jan 31, 2020 | $0.014 | OrdinaryDividend |
Dec 31, 2019 | $0.017 | OrdinaryDividend |
Nov 29, 2019 | $0.014 | OrdinaryDividend |
May 31, 2019 | $0.018 | OrdinaryDividend |
Apr 30, 2019 | $0.018 | OrdinaryDividend |
Mar 29, 2019 | $0.016 | OrdinaryDividend |
Feb 28, 2019 | $0.015 | OrdinaryDividend |
Jan 31, 2019 | $0.019 | OrdinaryDividend |
Dec 31, 2018 | $0.014 | OrdinaryDividend |
Nov 30, 2018 | $0.015 | OrdinaryDividend |
Oct 31, 2018 | $0.017 | OrdinaryDividend |
Sep 28, 2018 | $0.014 | OrdinaryDividend |
Aug 31, 2018 | $0.009 | OrdinaryDividend |
Jul 31, 2018 | $0.021 | OrdinaryDividend |
Jun 29, 2018 | $0.013 | OrdinaryDividend |
May 31, 2018 | $0.015 | OrdinaryDividend |
Apr 30, 2018 | $0.014 | OrdinaryDividend |
Mar 29, 2018 | $0.013 | OrdinaryDividend |
Feb 28, 2018 | $0.012 | OrdinaryDividend |
Jan 31, 2018 | $0.013 | OrdinaryDividend |
Dec 29, 2017 | $0.013 | OrdinaryDividend |
Nov 30, 2017 | $0.012 | OrdinaryDividend |
Oct 31, 2017 | $0.013 | OrdinaryDividend |
Sep 29, 2017 | $0.012 | OrdinaryDividend |
Aug 31, 2017 | $0.015 | OrdinaryDividend |
Jul 31, 2017 | $0.014 | OrdinaryDividend |
Jun 30, 2017 | $0.013 | OrdinaryDividend |
May 31, 2017 | $0.014 | OrdinaryDividend |
Apr 28, 2017 | $0.012 | OrdinaryDividend |
Mar 31, 2017 | $0.014 | OrdinaryDividend |
Feb 28, 2017 | $0.012 | OrdinaryDividend |
Jan 31, 2017 | $0.013 | OrdinaryDividend |
Dec 30, 2016 | $0.013 | OrdinaryDividend |
Nov 30, 2016 | $0.013 | OrdinaryDividend |
Oct 31, 2016 | $0.012 | OrdinaryDividend |
Sep 30, 2016 | $0.013 | OrdinaryDividend |
Aug 31, 2016 | $0.015 | OrdinaryDividend |
Jul 29, 2016 | $0.013 | OrdinaryDividend |
Jun 30, 2016 | $0.015 | OrdinaryDividend |
May 31, 2016 | $0.013 | OrdinaryDividend |
Apr 29, 2016 | $0.013 | OrdinaryDividend |
Mar 31, 2016 | $0.015 | OrdinaryDividend |
Feb 29, 2016 | $0.012 | OrdinaryDividend |
Jan 29, 2016 | $0.010 | OrdinaryDividend |
Dec 31, 2015 | $0.012 | OrdinaryDividend |
Nov 30, 2015 | $0.010 | OrdinaryDividend |
Oct 30, 2015 | $0.010 | OrdinaryDividend |
Sep 30, 2015 | $0.009 | OrdinaryDividend |
Sep 01, 2015 | $0.009 | OrdinaryDividend |
Aug 03, 2015 | $0.009 | OrdinaryDividend |
Jul 01, 2015 | $0.010 | OrdinaryDividend |
Jun 01, 2015 | $0.008 | OrdinaryDividend |
May 01, 2015 | $0.010 | OrdinaryDividend |
Apr 01, 2015 | $0.011 | OrdinaryDividend |
Mar 02, 2015 | $0.008 | OrdinaryDividend |
Feb 02, 2015 | $0.010 | OrdinaryDividend |
Dec 31, 2014 | $0.010 | OrdinaryDividend |
Dec 01, 2014 | $0.008 | OrdinaryDividend |
Nov 03, 2014 | $0.009 | OrdinaryDividend |
Oct 01, 2014 | $0.009 | OrdinaryDividend |
Sep 02, 2014 | $0.009 | OrdinaryDividend |
Aug 01, 2014 | $0.011 | OrdinaryDividend |
Jul 01, 2014 | $0.009 | OrdinaryDividend |
Jun 02, 2014 | $0.010 | OrdinaryDividend |
May 01, 2014 | $0.010 | OrdinaryDividend |
Apr 01, 2014 | $0.010 | OrdinaryDividend |
Mar 03, 2014 | $0.010 | OrdinaryDividend |
Feb 03, 2014 | $0.013 | OrdinaryDividend |
Dec 19, 2013 | $0.007 | OrdinaryDividend |
Dec 02, 2013 | $0.009 | OrdinaryDividend |
Nov 01, 2013 | $0.012 | OrdinaryDividend |
Oct 01, 2013 | $0.012 | OrdinaryDividend |
Sep 03, 2013 | $0.011 | OrdinaryDividend |
Aug 01, 2013 | $0.013 | OrdinaryDividend |
Jul 01, 2013 | $0.010 | OrdinaryDividend |
Jun 03, 2013 | $0.011 | OrdinaryDividend |
May 01, 2013 | $0.013 | OrdinaryDividend |
Apr 01, 2013 | $0.011 | OrdinaryDividend |
Mar 01, 2013 | $0.011 | OrdinaryDividend |
Feb 01, 2013 | $0.014 | OrdinaryDividend |
Dec 24, 2012 | $0.012 | OrdinaryDividend |
Dec 03, 2012 | $0.013 | OrdinaryDividend |
Nov 01, 2012 | $0.016 | OrdinaryDividend |
Oct 01, 2012 | $0.014 | OrdinaryDividend |
Sep 04, 2012 | $0.016 | OrdinaryDividend |
Aug 01, 2012 | $0.016 | OrdinaryDividend |
Jul 02, 2012 | $0.015 | OrdinaryDividend |
Jun 01, 2012 | $0.018 | OrdinaryDividend |
May 01, 2012 | $0.018 | OrdinaryDividend |
Apr 02, 2012 | $0.019 | OrdinaryDividend |
Mar 01, 2012 | $0.018 | OrdinaryDividend |
Feb 01, 2012 | $0.023 | OrdinaryDividend |
Dec 27, 2011 | $0.019 | OrdinaryDividend |
Dec 01, 2011 | $0.018 | OrdinaryDividend |
Nov 01, 2011 | $0.020 | OrdinaryDividend |
Oct 03, 2011 | $0.020 | OrdinaryDividend |
Sep 01, 2011 | $0.020 | OrdinaryDividend |
Aug 01, 2011 | $0.016 | OrdinaryDividend |
Jul 01, 2011 | $0.017 | OrdinaryDividend |
Jun 01, 2011 | $0.019 | OrdinaryDividend |
May 02, 2011 | $0.017 | OrdinaryDividend |
Apr 01, 2011 | $0.017 | OrdinaryDividend |
Mar 01, 2011 | $0.016 | OrdinaryDividend |
Feb 01, 2011 | $0.017 | OrdinaryDividend |
Dec 27, 2010 | $0.020 | OrdinaryDividend |
Dec 01, 2010 | $0.020 | OrdinaryDividend |
Nov 01, 2010 | $0.020 | OrdinaryDividend |
Oct 01, 2010 | $0.021 | OrdinaryDividend |
Sep 01, 2010 | $0.024 | OrdinaryDividend |
Aug 02, 2010 | $0.023 | OrdinaryDividend |
Jul 01, 2010 | $0.028 | OrdinaryDividend |
Jun 01, 2010 | $0.025 | OrdinaryDividend |
May 03, 2010 | $0.027 | OrdinaryDividend |
Apr 01, 2010 | $0.030 | OrdinaryDividend |
Mar 01, 2010 | $0.024 | OrdinaryDividend |
Feb 01, 2010 | $0.025 | OrdinaryDividend |
Dec 24, 2009 | $0.028 | OrdinaryDividend |
Dec 01, 2009 | $0.029 | OrdinaryDividend |
Nov 02, 2009 | $0.030 | OrdinaryDividend |
Oct 01, 2009 | $0.027 | OrdinaryDividend |
Sep 01, 2009 | $0.027 | OrdinaryDividend |
Aug 03, 2009 | $0.036 | OrdinaryDividend |
Jul 01, 2009 | $0.039 | OrdinaryDividend |
Jun 01, 2009 | $0.036 | OrdinaryDividend |
May 01, 2009 | $0.035 | OrdinaryDividend |
Apr 01, 2009 | $0.039 | OrdinaryDividend |
Mar 02, 2009 | $0.036 | OrdinaryDividend |
Feb 02, 2009 | $0.028 | OrdinaryDividend |
Dec 24, 2008 | $0.046 | OrdinaryDividend |
Dec 01, 2008 | $0.035 | OrdinaryDividend |
Nov 03, 2008 | $0.040 | OrdinaryDividend |
Oct 01, 2008 | $0.035 | OrdinaryDividend |
Sep 02, 2008 | $0.032 | OrdinaryDividend |
Aug 01, 2008 | $0.028 | OrdinaryDividend |
Jul 01, 2008 | $0.035 | OrdinaryDividend |
Jun 02, 2008 | $0.038 | OrdinaryDividend |
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 |