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...
Name
As of 08/28/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$15.7 M
Holdings in Top 10
42.5%
Expense Ratio 0.96%
Front Load N/A
Deferred Load N/A
Turnover 0.00%
Redemption Fee N/A
Standard (Taxable)
$2,500
IRA
$1,500
Fund Type
Open End Mutual Fund
Name
As of 08/28/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in municipal securities that generate income exempt from federal income tax, but not necessarily the federal alternative minimum tax (“AMT”). These securities include securities of municipal issuers located in Texas as well as in other states, territories and possessions of the United States. This investment policy may not be changed without shareholder approval. The Fund may invest more than 25% of its total assets in bonds of issuers in Texas.
Frost Investment Advisors, LLC (the “Adviser” or “Frost”) considers the relative yield, maturity and availability of various types of municipal bonds and the general economic outlook in determining whether to over- or under-weight a specific type of municipal bond in the Fund’s portfolio. Duration adjustments are made relative to the Bloomberg Municipal Bond Index. The concept of duration is useful in assessing the sensitivity of a fixed income fund to interest rate movements, which are usually the main source of risk for most fixed income funds. Duration measures price volatility by estimating the change in price of a debt security for a 1% change in its yield. For example, a duration of five years means the price of a debt security will change about 5% for every 1% change in its yield. 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 positioning, with a typical range of three years; asset category allocations; credit sector allocations relating to security ratings by the national ratings agencies; and individual security selection.
Securities will be considered for sale in the event of or in anticipation of a credit downgrade; to effect a change in duration or sector weighting of the Fund; to realize an aberration in a security’s valuation; or when the Adviser otherwise deems appropriate.
Period | FAUMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -2.5% | 17.4% | 97.50% |
1 Yr | N/A | 0.2% | 27.1% | 99.93% |
3 Yr | N/A* | -10.9% | 3.1% | 42.40% |
5 Yr | N/A* | -7.0% | 1103.7% | 48.99% |
10 Yr | N/A* | -0.7% | 248.8% | 64.45% |
* Annualized
Period | FAUMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.3% | -1.4% | 41.0% | 91.35% |
2022 | -6.1% | -39.7% | 0.3% | 12.38% |
2021 | -2.3% | -5.6% | 6.9% | 98.99% |
2020 | -2.3% | -2.6% | 310.0% | 99.66% |
2019 | 2.8% | 0.0% | 26.0% | 81.10% |
Period | FAUMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -2.5% | 17.4% | 97.50% |
1 Yr | N/A | 0.2% | 27.1% | 99.93% |
3 Yr | N/A* | -10.9% | 3.1% | 42.40% |
5 Yr | N/A* | -7.0% | 1103.7% | 48.99% |
10 Yr | N/A* | -0.7% | 248.8% | 64.45% |
* Annualized
Period | FAUMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.7% | -1.3% | 41.0% | 89.77% |
2022 | -4.1% | -39.7% | 1.1% | 9.91% |
2021 | 1.1% | -4.8% | 23761504.0% | 61.73% |
2020 | 3.9% | -1.5% | 17057.9% | 44.77% |
2019 | 4.8% | 0.2% | 3514.6% | 81.81% |
FAUMX | Category Low | Category High | FAUMX % Rank | |
---|---|---|---|---|
Net Assets | 15.7 M | 3.22 M | 71.9 B | 98.55% |
Number of Holdings | 32 | 2 | 13203 | 98.82% |
Net Assets in Top 10 | 6.51 M | -317 M | 3.45 B | 97.10% |
Weighting of Top 10 | 42.45% | 1.4% | 100.1% | 4.48% |
Weighting | Return Low | Return High | FAUMX % Rank | |
---|---|---|---|---|
Bonds | 95.92% | 0.00% | 150.86% | 87.37% |
Cash | 4.08% | -50.86% | 42.96% | 10.34% |
Stocks | 0.00% | 0.00% | 100.23% | 20.72% |
Preferred Stocks | 0.00% | 0.00% | 0.08% | 9.02% |
Other | 0.00% | -3.72% | 51.88% | 20.93% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 8.33% |
Weighting | Return Low | Return High | FAUMX % Rank | |
---|---|---|---|---|
Municipal | 84.01% | 44.39% | 100.00% | 97.95% |
Cash & Equivalents | 3.16% | 0.00% | 41.73% | 10.60% |
Derivative | 0.00% | -3.72% | 51.88% | 16.98% |
Securitized | 0.00% | 0.00% | 5.93% | 9.32% |
Corporate | 0.00% | 0.00% | 9.41% | 24.65% |
Government | 0.00% | 0.00% | 52.02% | 15.60% |
Weighting | Return Low | Return High | FAUMX % Rank | |
---|---|---|---|---|
US | 95.92% | 0.00% | 142.23% | 85.39% |
Non US | 0.00% | 0.00% | 23.89% | 12.77% |
FAUMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.96% | 0.01% | 20.65% | 31.75% |
Management Fee | 0.25% | 0.00% | 1.20% | 9.28% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 37.44% |
Administrative Fee | N/A | 0.01% | 0.44% | N/A |
FAUMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
FAUMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
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.
FAUMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 0.00% | 0.00% | 283.00% | 0.07% |
FAUMX | Category Low | Category High | FAUMX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.78% | 0.00% | 14.51% | 79.14% |
FAUMX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
FAUMX | Category Low | Category High | FAUMX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.23% | -0.53% | 5.33% | 33.71% |
FAUMX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Aug 20, 2024 | $0.028 | OrdinaryDividend |
Jul 30, 2024 | $0.292 | OrdinaryDividend |
Jun 27, 2024 | $0.016 | OrdinaryDividend |
Apr 29, 2024 | $0.018 | OrdinaryDividend |
Mar 27, 2024 | $0.015 | OrdinaryDividend |
Feb 28, 2024 | $0.016 | OrdinaryDividend |
Jan 30, 2024 | $0.017 | OrdinaryDividend |
Dec 28, 2023 | $0.017 | OrdinaryDividend |
Nov 29, 2023 | $0.017 | OrdinaryDividend |
Oct 30, 2023 | $0.019 | OrdinaryDividend |
Sep 28, 2023 | $0.016 | OrdinaryDividend |
Aug 30, 2023 | $0.020 | OrdinaryDividend |
Jul 28, 2023 | $0.017 | OrdinaryDividend |
Jun 29, 2023 | $0.019 | OrdinaryDividend |
May 30, 2023 | $0.021 | OrdinaryDividend |
Apr 27, 2023 | $0.018 | OrdinaryDividend |
Mar 30, 2023 | $0.020 | OrdinaryDividend |
Feb 27, 2023 | $0.018 | OrdinaryDividend |
Jan 30, 2023 | $0.019 | OrdinaryDividend |
Dec 29, 2022 | $0.018 | OrdinaryDividend |
Dec 15, 2022 | $0.011 | CapitalGainLongTerm |
Nov 29, 2022 | $0.020 | OrdinaryDividend |
Oct 28, 2022 | $0.016 | OrdinaryDividend |
Sep 29, 2022 | $0.016 | OrdinaryDividend |
Aug 30, 2022 | $0.017 | OrdinaryDividend |
Jul 28, 2022 | $0.015 | OrdinaryDividend |
Jun 29, 2022 | $0.017 | OrdinaryDividend |
May 27, 2022 | $0.014 | OrdinaryDividend |
Apr 28, 2022 | $0.014 | OrdinaryDividend |
Mar 30, 2022 | $0.016 | OrdinaryDividend |
Feb 25, 2022 | $0.015 | OrdinaryDividend |
Jan 28, 2022 | $0.014 | OrdinaryDividend |
Dec 30, 2021 | $0.015 | OrdinaryDividend |
Dec 14, 2021 | $0.149 | CapitalGainLongTerm |
Nov 29, 2021 | $0.016 | OrdinaryDividend |
Oct 28, 2021 | $0.015 | OrdinaryDividend |
Sep 29, 2021 | $0.016 | OrdinaryDividend |
Aug 30, 2021 | $0.017 | OrdinaryDividend |
Jul 29, 2021 | $0.017 | OrdinaryDividend |
Jun 29, 2021 | $0.020 | OrdinaryDividend |
May 27, 2021 | $0.016 | OrdinaryDividend |
Apr 29, 2021 | $0.019 | OrdinaryDividend |
Mar 30, 2021 | $0.022 | OrdinaryDividend |
Feb 25, 2021 | $0.017 | OrdinaryDividend |
Jan 28, 2021 | $0.017 | OrdinaryDividend |
Dec 30, 2020 | $0.022 | OrdinaryDividend |
Dec 15, 2020 | $0.087 | CapitalGainShortTerm |
Dec 15, 2020 | $0.308 | CapitalGainLongTerm |
Nov 27, 2020 | $0.021 | OrdinaryDividend |
Oct 29, 2020 | $0.021 | OrdinaryDividend |
Sep 29, 2020 | $0.022 | OrdinaryDividend |
Aug 28, 2020 | $0.020 | OrdinaryDividend |
Jul 30, 2020 | $0.019 | OrdinaryDividend |
Jun 29, 2020 | $0.022 | OrdinaryDividend |
May 28, 2020 | $0.019 | OrdinaryDividend |
Apr 29, 2020 | $0.020 | OrdinaryDividend |
Mar 30, 2020 | $0.021 | OrdinaryDividend |
Feb 27, 2020 | $0.018 | OrdinaryDividend |
Jan 30, 2020 | $0.027 | OrdinaryDividend |
Dec 30, 2019 | $0.018 | OrdinaryDividend |
Dec 13, 2019 | $0.002 | CapitalGainShortTerm |
Nov 27, 2019 | $0.015 | OrdinaryDividend |
Oct 30, 2019 | $0.018 | OrdinaryDividend |
Sep 27, 2019 | $0.025 | OrdinaryDividend |
Aug 29, 2019 | $0.017 | OrdinaryDividend |
Jul 30, 2019 | $0.020 | OrdinaryDividend |
May 30, 2019 | $0.017 | OrdinaryDividend |
Apr 29, 2019 | $0.017 | OrdinaryDividend |
Mar 28, 2019 | $0.014 | OrdinaryDividend |
Feb 27, 2019 | $0.017 | OrdinaryDividend |
Jan 30, 2019 | $0.019 | OrdinaryDividend |
Dec 28, 2018 | $0.018 | OrdinaryDividend |
Dec 14, 2018 | $0.003 | CapitalGainShortTerm |
Nov 29, 2018 | $0.018 | OrdinaryDividend |
Oct 30, 2018 | $0.020 | OrdinaryDividend |
Sep 27, 2018 | $0.016 | OrdinaryDividend |
Aug 30, 2018 | $0.018 | OrdinaryDividend |
Jul 30, 2018 | $0.019 | OrdinaryDividend |
Jun 28, 2018 | $0.017 | OrdinaryDividend |
May 30, 2018 | $0.020 | OrdinaryDividend |
Apr 27, 2018 | $0.019 | OrdinaryDividend |
Mar 28, 2018 | $0.018 | OrdinaryDividend |
Feb 27, 2018 | $0.017 | OrdinaryDividend |
Jan 30, 2018 | $0.016 | OrdinaryDividend |
Dec 28, 2017 | $0.025 | OrdinaryDividend |
Dec 15, 2017 | $0.037 | CapitalGainLongTerm |
Nov 29, 2017 | $0.017 | OrdinaryDividend |
Oct 30, 2017 | $0.019 | OrdinaryDividend |
Sep 28, 2017 | $0.016 | OrdinaryDividend |
Aug 30, 2017 | $0.019 | OrdinaryDividend |
Jul 28, 2017 | $0.017 | OrdinaryDividend |
Jun 29, 2017 | $0.017 | OrdinaryDividend |
May 30, 2017 | $0.019 | OrdinaryDividend |
Apr 27, 2017 | $0.016 | OrdinaryDividend |
Mar 30, 2017 | $0.017 | OrdinaryDividend |
Feb 27, 2017 | $0.015 | OrdinaryDividend |
Jan 30, 2017 | $0.017 | OrdinaryDividend |
Dec 29, 2016 | $0.020 | OrdinaryDividend |
Nov 29, 2016 | $0.020 | OrdinaryDividend |
Oct 28, 2016 | $0.017 | OrdinaryDividend |
Sep 29, 2016 | $0.017 | OrdinaryDividend |
Aug 30, 2016 | $0.019 | OrdinaryDividend |
Jul 28, 2016 | $0.017 | OrdinaryDividend |
Jun 29, 2016 | $0.020 | OrdinaryDividend |
May 27, 2016 | $0.016 | OrdinaryDividend |
Apr 28, 2016 | $0.018 | OrdinaryDividend |
Mar 30, 2016 | $0.021 | OrdinaryDividend |
Feb 26, 2016 | $0.018 | OrdinaryDividend |
Jan 28, 2016 | $0.017 | OrdinaryDividend |
Dec 30, 2015 | $0.021 | OrdinaryDividend |
Dec 18, 2015 | $0.001 | CapitalGainLongTerm |
Nov 27, 2015 | $0.019 | OrdinaryDividend |
Oct 29, 2015 | $0.020 | OrdinaryDividend |
Sep 29, 2015 | $0.020 | OrdinaryDividend |
Aug 31, 2015 | $0.015 | OrdinaryDividend |
Jul 31, 2015 | $0.027 | OrdinaryDividend |
Jun 30, 2015 | $0.022 | OrdinaryDividend |
May 29, 2015 | $0.019 | OrdinaryDividend |
Apr 30, 2015 | $0.019 | OrdinaryDividend |
Mar 31, 2015 | $0.016 | OrdinaryDividend |
Feb 27, 2015 | $0.020 | OrdinaryDividend |
Jan 30, 2015 | $0.020 | OrdinaryDividend |
Dec 30, 2014 | $0.021 | OrdinaryDividend |
Dec 18, 2014 | $0.007 | CapitalGainLongTerm |
Nov 28, 2014 | $0.018 | OrdinaryDividend |
Oct 31, 2014 | $0.020 | OrdinaryDividend |
Sep 30, 2014 | $0.021 | OrdinaryDividend |
Aug 29, 2014 | $0.019 | OrdinaryDividend |
Jul 31, 2014 | $0.021 | OrdinaryDividend |
Jun 30, 2014 | $0.022 | OrdinaryDividend |
May 30, 2014 | $0.022 | OrdinaryDividend |
Apr 30, 2014 | $0.021 | OrdinaryDividend |
Mar 31, 2014 | $0.022 | OrdinaryDividend |
Feb 28, 2014 | $0.019 | OrdinaryDividend |
Jan 31, 2014 | $0.026 | OrdinaryDividend |
Dec 18, 2013 | $0.019 | OrdinaryDividend |
Dec 12, 2013 | $0.026 | CapitalGainLongTerm |
Nov 29, 2013 | $0.020 | OrdinaryDividend |
Oct 31, 2013 | $0.021 | OrdinaryDividend |
Sep 30, 2013 | $0.020 | OrdinaryDividend |
Aug 30, 2013 | $0.020 | OrdinaryDividend |
Jul 31, 2013 | $0.022 | OrdinaryDividend |
Jun 28, 2013 | $0.019 | OrdinaryDividend |
May 31, 2013 | $0.021 | OrdinaryDividend |
Apr 30, 2013 | $0.022 | OrdinaryDividend |
Mar 28, 2013 | $0.019 | OrdinaryDividend |
Feb 28, 2013 | $0.019 | OrdinaryDividend |
Jan 31, 2013 | $0.021 | OrdinaryDividend |
Dec 21, 2012 | $0.022 | OrdinaryDividend |
Dec 13, 2012 | $0.014 | CapitalGainLongTerm |
Nov 30, 2012 | $0.021 | OrdinaryDividend |
Oct 31, 2012 | $0.023 | OrdinaryDividend |
Sep 28, 2012 | $0.019 | OrdinaryDividend |
Aug 31, 2012 | $0.020 | OrdinaryDividend |
Jul 31, 2012 | $0.022 | OrdinaryDividend |
Jun 29, 2012 | $0.020 | OrdinaryDividend |
May 31, 2012 | $0.021 | OrdinaryDividend |
Apr 30, 2012 | $0.023 | OrdinaryDividend |
Mar 30, 2012 | $0.022 | OrdinaryDividend |
Feb 29, 2012 | $0.021 | OrdinaryDividend |
Jan 31, 2012 | $0.024 | OrdinaryDividend |
Dec 23, 2011 | $0.024 | OrdinaryDividend |
Dec 15, 2011 | $0.043 | CapitalGainLongTerm |
Nov 30, 2011 | $0.024 | OrdinaryDividend |
Oct 31, 2011 | $0.025 | OrdinaryDividend |
Sep 30, 2011 | $0.024 | OrdinaryDividend |
Aug 31, 2011 | $0.027 | OrdinaryDividend |
Jul 29, 2011 | $0.024 | OrdinaryDividend |
Jun 30, 2011 | $0.026 | OrdinaryDividend |
May 31, 2011 | $0.028 | OrdinaryDividend |
Apr 29, 2011 | $0.023 | OrdinaryDividend |
Mar 31, 2011 | $0.026 | OrdinaryDividend |
Feb 28, 2011 | $0.025 | OrdinaryDividend |
Jan 31, 2011 | $0.027 | OrdinaryDividend |
Dec 23, 2010 | $0.027 | OrdinaryDividend |
Dec 16, 2010 | $0.008 | CapitalGainLongTerm |
Nov 30, 2010 | $0.027 | OrdinaryDividend |
Oct 29, 2010 | $0.024 | OrdinaryDividend |
Sep 30, 2010 | $0.025 | OrdinaryDividend |
Aug 31, 2010 | $0.027 | OrdinaryDividend |
Jul 30, 2010 | $0.025 | OrdinaryDividend |
Jun 30, 2010 | $0.028 | OrdinaryDividend |
May 28, 2010 | $0.024 | OrdinaryDividend |
Apr 30, 2010 | $0.025 | OrdinaryDividend |
Mar 31, 2010 | $0.028 | OrdinaryDividend |
Feb 26, 2010 | $0.023 | OrdinaryDividend |
Jan 29, 2010 | $0.024 | OrdinaryDividend |
Dec 23, 2009 | $0.027 | OrdinaryDividend |
Dec 17, 2009 | $0.011 | CapitalGainLongTerm |
Nov 30, 2009 | $0.026 | OrdinaryDividend |
Oct 30, 2009 | $0.026 | OrdinaryDividend |
Sep 30, 2009 | $0.026 | OrdinaryDividend |
Aug 31, 2009 | $0.027 | OrdinaryDividend |
Jul 31, 2009 | $0.027 | OrdinaryDividend |
Jun 30, 2009 | $0.028 | OrdinaryDividend |
May 29, 2009 | $0.026 | OrdinaryDividend |
Apr 30, 2009 | $0.027 | OrdinaryDividend |
Mar 31, 2009 | $0.028 | OrdinaryDividend |
Feb 27, 2009 | $0.024 | OrdinaryDividend |
Jan 30, 2009 | $0.026 | OrdinaryDividend |
Dec 23, 2008 | $0.030 | OrdinaryDividend |
Dec 18, 2008 | $0.002 | CapitalGainLongTerm |
Nov 28, 2008 | $0.023 | OrdinaryDividend |
Oct 31, 2008 | $0.027 | OrdinaryDividend |
Sep 30, 2008 | $0.026 | OrdinaryDividend |
Aug 29, 2008 | $0.025 | OrdinaryDividend |
Jul 31, 2008 | $0.028 | OrdinaryDividend |
Jun 30, 2008 | $0.027 | OrdinaryDividend |
May 30, 2008 | $0.030 | OrdinaryDividend |
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.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.36 | 1.58 |
Dividend Investing Ideas Center
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