FADLX Fees and Costs — Frost Low Duration Bond Fund, Investor Class Shares
Data updated: 2026-10-13
The net expense ratio is 0.69%: a 0.30% management fee, a 0.25% 12b-1 fee plus 0.14% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 46%.
FADLX Fees and Expenses
Annual operating expenses and sales charges of FADLX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.14% |
| Gross expense ratio | 0.69% |
| Fee waiver | — |
| Net expense ratio | 0.69% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
FADLX Costs Over Time
On $10,000 invested in FADLX, assuming 5% a year before costs, total costs come to $434 over 5 years, cutting the return by 0.72% 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 0.69%) | $72 | $227 | $395 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $72 | $238 | $434 |
| Value after costs | $10,428 | $11,338 | $12,329 |
| Impact on return, per year | 0.72% | 0.72% | 0.72% |
FADLX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.7B
- Portfolio turnover (prospectus): 46%
FADLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANK OF NEW YORK | $1.1B | 67.41% |
| MORGAN STANLEY & CO, INC | $113.1M | 6.95% |
| J P MORGAN CHASE BANK | $99.4M | 6.11% |
| MONTGOMERY/BANK OF AMERICA | $71.4M | 4.39% |
| BLAIR, WILLIAM, & COMPANY, L.L.C. | $60.5M | 3.72% |
| CITIGROUP | $49.9M | 3.07% |
| BARCLAY BANK PLC | $39.0M | 2.40% |
| RBC CAPITAL | $37.2M | 2.29% |
| MESIROW FINANCIAL INC | $31.5M | 1.94% |
| WELLS FARGO SECURITIES, LLC | $28.0M | 1.72% |
Frost Low Duration Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FILDX | Institutional Class Shares | 0.44% | — |
| FADLX | Investor Class Shares | 0.69% | — |
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.