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.
Frost Municipal Bond Inst FIMUX
- NAV / 1-Day Return 9.34 / 0.00
- Total Assets 15.6 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.700%
- Distribution Fee Level High
- Share Class Type Institutional
- Category Muni National Interm
- Credit Quality / Interest Rate Sensitivity Medium/Limited
- Min. Initial Investment 1.0 Mil
- Status Open
- TTM Yield 2.51%
- Effective Duration 4.08 years
USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:16 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.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 35.9
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
UNIVERSITY TEX UNIV REVS IAM COML PAPER 3/A2 SER A 3.35% | 9.71 | 1.5 Mil | Cash and Equivalents |
LIBERTY HILL TEX INDPT SCH DIST 5% | 4.63 | 714,234 | municipal |
Cash & Cash Equivalents | 4.57 | 705,223 | Cash and Equivalents |
FORT LAUDERDALE FLA 5% | 3.70 | 570,977 | municipal |
PLAINVIEW TEX INDPT SCH DIST 5% | 3.57 | 550,658 | municipal |
CYPRESS-FAIRBANKS TEX INDPT SCH DIST 5% | 3.54 | 545,960 | municipal |
LIBERTY HILL TEX INDPT SCH DIST 5% | 3.52 | 542,639 | municipal |
LOWER COLO RIV AUTH TEX REV 5% | 3.47 | 535,707 | municipal |
POTTSBORO TEX INDPT SCH DIST 5% | 3.45 | 532,440 | municipal |
EL PASO CNTY COLO SCH DIST NO 49 FALCON CTFS PARTN 5% | 3.38 | 521,242 | municipal |