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Morningstar

Frost Low Duration Bond Investor FADLX

Morningstar Medalist Rating
Medalist Rating as of | See Frost Investment Hub
  • NAV / 1-Day Return 9.72  /  0.10 %
  • Total Assets 293.4 Mil
  • Adj. Expense Ratio
    0.690%
  • Expense Ratio 0.690%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.30%
  • Effective Duration 1.79 years

USD | NAV as of Dec 07, 2023 | 1-Day Return as of Dec 07, 2023, 11:13 PM GMT+0

Morningstar’s Analysis FADLX

Will FADLX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FADLX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FADLX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of FADLX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A strong management team and sound investment process underpin Frost Low Duration Bond Investor's Morningstar Medalist Rating of Gold.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FADLX

More FADLX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 70
  • Other Holdings 2
  • % Assets in Top 10 Holdings 44.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 4.625%

8.62
25,197,266
Government

United States Treasury Notes 4.875%

8.60
25,127,930
Government

United States Treasury Notes 4.375%

6.92
20,229,688
Government

Molex Eletronics Technologies 3.9%

3.33
9,736,474
Corporate

VERIZON MASTER TRUST 5.65%

3.32
9,715,583
Securitized

Capital One Financial Corp. 4.2%

3.30
9,646,132
Corporate

Fifth Third Bancorp 6.361%

2.77
8,109,853
Corporate

PRESTIGE AUTO RECEIVABLES TRUST 2023-1 5.55%

2.72
7,948,564
Securitized

Kyndryl Holdings Inc 2.05%

2.45
7,174,050
Corporate

Cards Ii Trust 0.931%

2.43
7,106,343
Securitized