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Morningstar

Frost Municipal Bond Inst FIMUX

Morningstar Medalist Rating
Medalist Rating as of | See Frost Investment Hub
  • NAV / 1-Day Return 9.08  /  0.11 %
  • Total Assets 22.0 Mil
  • Adj. Expense Ratio
    0.560%
  • Expense Ratio 0.640%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 2.67%
  • Effective Duration 4.38 years

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:17 PM GMT+0

Morningstar’s Analysis FIMUX

Will FIMUX 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 FIMUX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FIMUX 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 FIMUX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A sound investment process and strong management team underpin Frost Municipal Bond Inst's Morningstar Medalist Rating of Silver.

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 FIMUX

More FIMUX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 35
  • Other Holdings 1
  • % Assets in Top 10 Holdings 45.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash & Cash Equivalents

6.23
1,359,190
Cash and Equivalents

EL PASO CNTY TEX HOSP DIST 5%

4.93
1,074,833
municipal

CYPRESS-FAIRBANKS TEX INDPT SCH DIST 5%

4.90
1,069,410
municipal

LOWER COLO RIV AUTH TEX REV 5%

4.70
1,025,071
municipal

DOWNTOWN REDEV AUTH TEX TAX INCREMENT CONTRACT REV 5%

4.69
1,023,062
municipal

GEARY CNTY KANS 5%

4.67
1,019,352
municipal

UNIVERSITY OKLA REVS 5%

4.65
1,013,310
municipal

DOWNTOWN REDEV AUTH TEX TAX INCREMENT CONTRACT REV 5%

4.64
1,012,170
municipal

TAYLOR BROWNFIELD REDEV AUTH MICH 4%

4.59
1,000,805
municipal

TEXAS TRANSN COMMN CENT TEX TPK SYS REV 5%

4.31
939,274
municipal