FAKSX — Frost Mid Cap Equity Fund
Data updated: 2020-03-30
FAKSX — Frost Mid Cap Equity Fund. United States Mid Cap Blend / Core Equity · $1.95M AUM · 1.80% expense ratio. Holdings, fees, performance and SEC filings.
FAKSX Fund Overview
FAKSX — Frost Mid Cap Equity Fund is a US mutual fund managed by Frost Family of Funds, categorised as United States Mid Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Frost Family of Funds
- Category: United States Mid Cap Blend / Core Equity
- Assets under management: $1.95M
- Ticker: FAKSX
- SEC CIK: 0001762332
- SEC series ID: S000065044
- Share class ID: C000210581
FAKSX Investment Objective and Strategy
Frost Mid Cap Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Frost Family of Funds.
Investment objective
The Frost Mid Cap Equity Fund (the "Fund") seeks to maximize long-term capital appreciation.
Principal investment strategy
Under normal market conditions, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of mid-capitalization companies. This investment policy may be changed by the Fund upon 60 days' prior written notice to shareholders. The Fund considers mid-capitalization companies to be those companies with total market capitalizations between $2 billion and $25 billion at the time of initial purchase. The equity securities in which the Fund may invest include common stocks, preferred stocks, convertible securities, rights and warrants. Preferred stocks are units of ownership in a company that normally have preference over common stock in the payment of dividends and the liquidation of the company. Convertible securities are securities that may be exchanged for, converted into, or exercised to acquire a predetermined number of shares of the company's common stock at the holder's option during a specified time period.
A right is a privilege granted to existing shareholders of a company to subscribe to shares of a new issue of common stock before it is issued. Warrants are securities that are usually issued together with a debt security or preferred stock that give the holder the right to buy a proportionate amount of common stock at a specified price. In selecting investments for the Fund, Frost Investment Advisors, LLC (the "Adviser" or "Frost") performs fundamental analyses to seek to identify high-quality companies, focusing on the following characteristics: ? Strong balance sheets; ? Competitive advantages; ? High and/or improving financial returns; ? Free cash flow; ? Reinvestment opportunities; and ? Prominent market share positions.
FAKSX Costs and Fees
FAKSX costs about $180 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.80%
- Gross expense ratio: 2.56%
- Portfolio turnover: 57%
- Brokerage commissions: 18.12 bps of average net assets (SEC N-CEN)
FAKSX Cashflows
Over the 12 months to 2020-01, Frost Mid Cap Equity Fund had net inflows of $2.59M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-01 | $326.95K |
| 2019-12 | $529.00K |
| 2019-11 | $79.15K |
| 2019-10 | $416.80K |
| 2019-09 | $384.12K |
| 2019-08 | $855.79K |
FAKSX Debt Constituents
No individual debt constituents are reported in Frost Mid Cap Equity Fund's latest SEC N-PORT filing.
FAKSX Prospectus and SEC Filings
Official Frost Mid Cap Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other United States Mid Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.