Frost Municipal Bond Fund Investor Class Shares
FAUMX
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- Advisors Inner Circle Fund II
- IPO Date
- Jul 1, 2008
- CIK
- 0001762332
- Similar Companies
- Business
- Frost Municipal Bond Fund Investor Class Shares (FAUMX) is an open-end mutual fund that seeks a consistent level of current income exempt from federal income tax, with a secondary emphasis on maximizing total return through capital appreciation; it invests at least 80% of its net assets, plus any borrowings for investment purposes, in municipal securities that generate federally tax-exempt income, including obligations of municipal issuers located in Texas and other states, territories, and possessions of the United States, and may allocate more than 25% of its total assets to Texas issuers. The fund offers Investor Class shares alongside institutional share classes such as FIMUX, as part of the broader Frost Family of Funds managed by Frost Investment Advisors, LLC, which also includes strategies like Frost Total Return Bond Fund, Frost Credit Fund, Frost Growth Equity Fund, Frost Value Equity Fund, Frost Mid Cap Equity Fund, and Frost Low Duration Bond Fund; these encompass taxable fixed income, multisector bonds, growth equity, value equity, and short-term bond offerings targeted at institutional clients, high-net-worth individuals, corporations, foundations, and investment firms. Frost Investment Advisors, LLC, founded in 2007 and headquartered at 111 West Houston Street in San Antonio, Texas, serves as the investment adviser and operates as a wholly owned subsidiary of Frost Bank, a division of Cullen/Frost Bankers, Inc., with a focus on U.S.-based operations across Texas and national client bases. In recent developments, the Frost Family of Funds, including FAUMX, reported return of capital distributions for the 2024 fiscal year, reflecting ongoing portfolio management amid market conditions; the firm continues to maintain strong performance accolades, such as the Frost Total Return Bond Fund earning a five-star Morningstar rating for a decade across its share classes and Frost Funds being named Best U.S. Taxable Bonds Funds for the third consecutive year by Investor's Business Daily. No major acquisitions, partnerships, funding rounds, or new product launches specific to FAUMX were reported in the last 1-2 years, with the firm emphasizing its disciplined investment approach through experienced professionals averaging 20 years of tenure.