FACEX Fees and Costs — Frost Growth Equity Fund, Investor Class Shares
Data updated: 2026-10-13
The net expense ratio is 0.91%: a 0.50% management fee, a 0.25% 12b-1 fee plus 0.16% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $28K in broker commissions, 0.0124% of average net assets, and portfolio turnover was 16%.
FACEX Fees and Expenses
Annual operating expenses and sales charges of FACEX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.91% |
| Fee waiver | — |
| Net expense ratio | 0.91% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
FACEX Costs Over Time
On $10,000 invested in FACEX, assuming 5% a year before costs, total costs come to $578 over 5 years, cutting the return by 0.97% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.91%) | $96 | $298 | $518 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $97 | $317 | $578 |
| Value after costs | $10,403 | $11,259 | $12,185 |
| Impact on return, per year | 0.97% | 0.97% | 0.97% |
FACEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0124%
- Total broker commissions: $28K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 16%
FACEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO, INC | $28K | 99.81% |
| RBC DAIN RAUSCHER INC. | $54 | 0.19% |
Frost Growth Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FICEX | Institutional Class Shares | 0.66% | — |
| FACEX | Investor Class Shares | 0.91% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.