Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.
Frost Low Duration Bond Investor FADLX
- NAV / 1-Day Return 9.75 / 0.00
- Total Assets 296.3 Mil
-
Adj. Expense Ratio
- 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 3.75%
- Effective Duration 2.06 years
USD | NAV as of May 08, 2024 | 1-Day Return as of May 08, 2024, 10:10 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.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 47.1
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
United States Treasury Notes 4% | 11.64 | 34.2 Mil | Government |
United States Treasury Notes 4.375% | 8.45 | 24.9 Mil | Government |
United States Treasury Notes 4% | 8.33 | 24.5 Mil | Government |
Tri Party Overnight Repo | 3.74 | 11.0 Mil | Cash and Equivalents |
Molex Eletronics Technologies 3.9% | 3.33 | 9.8 Mil | Corporate |
Capital One Financial Corp. 4.2% | 3.32 | 9.8 Mil | Corporate |
VERIZON MASTER TRUST 5.65% | 3.28 | 9.7 Mil | Securitized |
Fifth Third Bancorp 6.361% | 2.76 | 8.1 Mil | Corporate |
PRESTIGE AUTO RECEIVABLES TRUST 2023-1 5.55% | 2.71 | 8.0 Mil | Securitized |
Kyndryl Holdings Inc 2.05% | 2.50 | 7.4 Mil | Corporate |