Our Strategies

We offer a number of investment solutions for investors seeking equity, fixed income or asset allocation strategies. Each solution is actively managed by a team of investment professionals, with a focus of seeking to outperform the chosen benchmark and our peers over a complete market cycle with less volatility.          

Asset Class Fund Name Share Class Factsheets Fund Commentaries Strategies Summary Prospectus Prospectus Annual Report Semi-Annual Report SAI Part2A_FormADV Form CRS
Equity Frost Growth Equity Fund Investor
Last Updated on
Q2 2020
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Equity Frost Value Equity Fund Investor
Last Updated on
Q2 2020
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Fixed Income Frost Credit Fund Investor
Last Updated on
Q1 2020
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Fixed Income Frost Low Duration Bond Fund Investor
Last Updated on
Q1 2020
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Fixed Income Frost Municipal Bond Fund Investor
Last Updated on
Q1 2020
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Fixed Income Frost Total Return Bond Fund Investor
Last Updated on
Q1 2020
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Equity Funds

For Period Ending August 31, 2020 Annualized Annualized As Of Quarter
Ended June 30, 2020 *
Equity Funds
(Mutual Funds Start Date)
Ticker Daily NAV One Month Three Month One Year Three Year Five Year 10 Year or Inception To Date One Year Three Year 10 Year or Inception To Date
Growth Equity Fund
(6/30/2008)
FACEX 16.07 9.89% 21.51% 41.37% 24.11% 19.45% 12.15% 21.76% 15.03% 10.87%
Value Equity Fund
(6/30/2008)
FADVX 5.90 4.04% 7.85% -2.49% 1.21% 4.40% 5.80% -11.20% 2.00% 5.17%

Fixed Income Funds

For Period Ending August 31, 2020 Annualized Annualized As Of Quarter
Ended June 30, 2020 *
Fixed Income Funds
(Mutual Fund Start Date)
Ticker Daily NAV One Month Three Month One Year Three Year Five Year 10 Year or Inception To Date One Year Three Year 10 Year or Inception To Date
Credit Fund
(12/3/2012)
FCFAX 9.59 1.13% 6.79% 2.41% 3.46% 4.54% 4.20% 0.19% 3.86% 3.91%
Low Duration Bond Fund
(6/30/2008)
FADLX 10.50 0.22% 1.76% 3.47% 2.49% 2.04% 2.71% 3.24% 1.88% 2.68%
Municipal Bond Fund
(8/28/2008)
FAUMX 10.63 0.19% 1.43% 2.65% 2.68% 2.45% 3.06% 3.02% 2.36% 3.02%
Total Return Bond Fund
(6/30/2008)
FATRX 10.13 0.45% 3.90% 0.32% 2.09% 2.91% 5.10% -0.87% 2.50% 5.02%

* If a fund is less than 1 year old, cumulative return since inception is shown.

Performance data quoted represents past performance. Past performance does not guarantee future results. The investment performance and 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, and current performance may be lower or higher than the performance quoted. Absent these waivers, total return and yield would be reduced. There can be no assurance that Frost Investment Advisors, LLC will continue to waive fees. Performance shown for periods less than one year is cumulative. Performance shown for periods one year and greater is annualized.

Expense ratios for the Funds are: Frost Growth Equity: 0.90%; Frost Value Equity*:1.05%(gross) 1.02% (net); Frost Total Return Bond: 0.73%; Frost Credit Fund 0.96%; Frost Low Duration Bond: 0.70%; Frost Municipal Bond: 0.80%(gross) 0.79%(net); * Contractual fee waivers for the Frost Value Equity Fund and Frost Municipal Bond Fund are in effect until June 24, 2021. Adviser may recover all or portion of its prior fee waivers or expense reimbursements.

Investor Shares of the Fund would have substantially similar performance as Institutional Class Shares because the shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that the expenses of the Investor Shares are higher than the expenses of the Institutional Class Shares and, therefore, returns for the Investor Shares would be lower than those of the Institutional Class Shares. Prior to March 31, 2015, Investor Class Shares of the Funds were called “Class A Shares” and shareholders were charged a sales charge on certain purchases of Class A Shares. Institutional Class Shares performance presented has been adjusted to reflect the Distribution (12b-1) fees and, for the performance table, the Maximum Sales Charge (Load) that were applicable to Class A Shares. Institutional Class Shares first became available on April 25, 2008. The fund will be managed in a materially equivalent manner to the Institutional share class.

Mutual fund investing involves risk, including possible loss of principal. There can be no assurance that the Fund will achieve its stated objectives. The use of leverage by the fund managers may accelerate the velocity of potential losses. Furthermore, the risk of loss from a short sale is unlimited because the Fund must purchase the shorted security at a higher price to complete the transaction and there is no upper limit for the security price. The use of options, swaps, derivatives by the Fund has the potential to significantly increase the Fund’s volatility. High yield bonds involve greater risks of default or downgrade and are more volatile than investment grade securities, due to the speculative nature of their investments. Mortgage-backed securities are subject to prepayment and extension risk and therefore react differently to changes in interest rates than other bonds. Small movements in interest rates may quickly and significantly reduce the value of certain mortgage-backed securities.

There is no guarantee that the municipal bond funds’ income will be exempt from federal or state income taxes. Capital gains, if any, are subject to capital gains tax. Bonds and bond funds are subject to interest rate risk, and will decline in value as interest rates rise. In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from social, economic, or political instability in other nations. In addition, investments in smaller companies typically exhibit higher volatility. An investment in Treasury funds is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

To determine if a Fund(s) is an appropriate investment for you, carefully consider the Fund(s) investment objectives, risk factors, charges and expenses before investing. This and other information can be found in the Fund(s) prospectus, and if available, the summary prospectus, which may be obtained by calling (877) 71-FROST or by visiting Fund(s) website. Please read Prospectus carefully and if available, the summary prospectus, carefully before investing.

Frost Investment Advisors, LLC (the “Advisor”) serves as the investment adviser to the Frost mutual funds. The Frost mutual funds are distributed by SEI Investments Distribution Co. (SIDCO) which is not affiliated with Frost Investment Advisors, LLC or its affiliates.

Check the background of SIDCO on FINRA’s BrokerCheck.

Frost Mutual Funds Receive Morningstar Ratings

As of August 31, 2020

At Frost, we’ve provided our customers with prudent investment advice for 150 years and we’re proud to share the most recent overall Morningstar ratings our funds have earned based on risk adjusted returns. The Frost Mutual Fund Family includes a diverse lineup of institutional, investor and retail mutual funds ranging from multiple categories of equity, fixed income and allocation objectives.

Investor Funds

Fund Name Overall Rating Category Number Of Funds in Category
Frost Total Return Bond Fund (FATRX) Short-Term Bond 513
Frost Credit Fund (FCFAX) High Yield Bond 293
Frost Low Duration Bond Fund (FADLX) Short-Term Bond 513
Frost Municipal Bond Fund (FAUMX) Muni National Intermediate 240
Frost Growth Equity Fund (FACEX) Large Growth 1228
Frost Value Equity Fund (FADVX) Large Value 1113

Check the background of SIDCO on FINRA’s BrokerCheck.

Mutual fund investing involves risk, including possible loss of principal.

©2020 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

The Morningstar Rating™ for funds, or “star rating” is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

As of 8/31/2020: Frost Value Equity Fund (FADVX) was rated against the following numbers of U.S.-domiciled Large Value funds over the following time periods: 1113 funds in the last three years, 981 funds in the last five and 706 in the last ten. With respect to these Large Value funds, FADVX received a Morningstar Rating of 2, 2 and 1 stars. Frost Growth Equity Fund (FACEX) was rated against the following numbers of U.S.-domiciled Large Growth funds over the following time periods: 1228 funds in the last three years, 1091 funds in the last five and 810 in the last ten. With respect to these Large Growth funds, FACEX received a Morningstar Rating of 4, 4 and 3 stars for each period. Frost Municipal Bond Fund (FAUMX) was rated against the following numbers of U.S.-domiciled Muni National Intermediate Bond funds over the following time periods: 240 funds in the last three years, 217 funds in the last five and 160 in the last ten. With respect to these Muni National Intermediate Bond funds, FAUMX received a Morningstar Rating of 2, 2 and 2 stars for the three, five and ten year periods. Frost Low Duration Bond Fund (FADLX) was rated against the following numbers of U.S.-domiciled Short-Term Bond funds over the following time periods: 513 funds in the last three years, 459 funds in the last five years and 294 in the last ten. With respect to these Short-Term Bond funds, FADLX received a Morningstar Rating of 3, 2 and 3 stars. Frost Total Return Bond Fund (FATRX) was rated against the following number of Short-Term Bond funds over the following time periods: 513 funds in the last three years, 459 funds in the last five and 294 in the last ten years. With respect to these Short-Term Bond funds, FATRX received a Morningstar Rating of 2, 4, and 5 stars. Frost Credit Fund (FCFAX) was rated against 293 High Yield Bond funds over the last three years and 251 funds in the last five. With respect to these High Yield Bond funds, FCFAX received a rating of 3 and 3 stars respectively.


Prior to March 31, 2015, Investor Class Shares of the Funds were called “Class A Shares.” Unless otherwise noted, Morningstar does not adjust total returns for sales charges.

Annualized performance through June 30, 2020 for the following: Frost Credit Fund: (Investor class) -5.58% (one year), 2.11% (five year), 2.89% (since inception 12/3/2012. Expense ratios are: Credit Fund - Investor class: 0.96%. Frost Low Duration Bond Fund: (Investor class) 0.99% (one year), 1.23% (five year), 1.67% (ten year), 2.46% (since inception 6/30/2008). Expense ratios are: Low Duration Bond Fund –Investor class: 0.70%. Frost Total Return Bond Fund: (Investor class) -3.21% (one year), 1.57% (five year), 3.76% (ten year), 4.76% (since inception 6/30/2008). Expense ratios are: Total Return Bond Fund –Investor class: 0.73%. Frost Municipal Bond Fund: (Investor class) 2.53% (one year), 1.81% (five year), 2.53% (ten year), 2.90% (since inception 8/28/2008). Expense ratios are: Municipal Bond Fund – Investor class: gross: 0.80% net: 0.79%.  Adviser has contractually agreed to waive fees until June 24, 2021. (Investor class) -18.49% (one year), 0.62% (five year) and 5.24% (since inception 2/13/2012). Expense ratios are: Frost Growth Equity Fund: (Investor class) 0.49% (one year), 9.75% (five year), 11.43% (ten year), and 8.91% (since inception 6/30/2008).  Expense ratios are: Growth Equity Fund (Investor class) -21.05% (one year), -0.73% (five year), 4.87% (ten year) and 4.04% (since inception 6/30/2008). Expense ratios are: Value Equity Fund –Investor class: gross: 1.05% net: 1.02%. Fee waivers are contractual and in effect until June 24, 2021.

Performance data quoted represents past performance and does not guarantee similar future results. The investment performance and 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, and current performance may be lower or higher than the performance quoted. For performance data current to the most recent month end, please call (877) 713-7678.