FAUMX Fees and Costs — Frost Municipal Bond Fund, Investor Class
Data updated: 2024-10-11
The net expense ratio is 0.96%: a 0.25% management fee, a 0.25% 12b-1 fee plus 0.46% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 17%.
FAUMX Fees and Expenses
Annual operating expenses and sales charges of FAUMX. Prospectus, as of November 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.46% |
| Gross expense ratio | 0.96% |
| Fee waiver | — |
| Net expense ratio | 0.96% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FAUMX Costs Over Time
On $10,000 invested in FAUMX, assuming 5% a year before costs, total costs come to $601 over 5 years, cutting the return by 1.01% 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 0.96%) | $101 | $315 | $546 |
| Lost growth on money paid in costs | $0 | $16 | $55 |
| Total costs | $101 | $330 | $601 |
| Value after costs | $10,399 | $11,246 | $12,162 |
| Impact on return, per year | 1.01% | 1.01% | 1.01% |
FAUMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $3.7M
- Portfolio turnover (prospectus): 17%
- Securities lending: none during the year
FAUMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CHASE SECURITIES, INC. | $4.9M | 26.76% |
| RBC DAIN RAUSCHER INC. | $3.3M | 18.06% |
| WACHOVIA CAPITAL MARKETS | $2.3M | 12.53% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH | $1.8M | 9.61% |
| JEFFERIES LLC | $1.1M | 5.95% |
| MONTGOMERY/BANK OF AMERICA | $1.1M | 5.89% |
| GOLDMAN, SACHS & CO. | $1.0M | 5.70% |
| LIQUIDNET | $1.0M | 5.58% |
| US BANCORP INVESTMENTS INC. | $1.0M | 5.56% |
| BARCLAYS CAPITAL INC. | $797K | 4.35% |
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.