FAUMX Performance — Frost Municipal Bond Fund, Investor Class
Data updated: 2024-10-11
FAUMX returned +1.44% over one year to Jul 2024. Annualised returns are −0.49% over 3 years and +0.87% over 5 years. The fund trailed its Short-Term Municipal Bond category average: $100 invested three years ago grew to $99, against $101 for the category, and to $101 over one year, against $104. Volatility over the past three years was 4.57% a year. In the 12 months to Jul 2024 the fund lost a net $2.3M, and assets reached $3.58M.
FAUMX Growth of $100
What $100 invested in Frost Municipal Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Short-Term Municipal Bond category average over the same months.
| Period | FAUMX | Category average |
|---|---|---|
| 1 year (Aug 2023 – Jul 2024) | $101 | $104 |
| 3 years (Aug 2021 – Jul 2024) | $99 | $101 |
| 5 years (Aug 2019 – Jul 2024) | $104 | $105 |
FAUMX Trailing Returns
Total returns to Jul 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +1.44% |
| 3 years (annualised) | −0.49% |
| 5 years (annualised) | +0.87% |
FAUMX Annual Returns
Calendar-year total returns of Frost Municipal Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 (Jan–Jul) | +4.16% |
| 2023 | −0.58% |
| 2022 | −2.99% |
| 2021 | −0.28% |
| 2020 | +2.50% |
| 2019 (Aug–Dec) | +1.70% |
FAUMX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | +4.6% | −0.7% | −0.2% | −0.1% | −0.1% | +1.1% | −0.5% | — | — | — | — | — |
| 2023 | +2.5% | −0.3% | +1.6% | −1.7% | +0.2% | +0.6% | −0.7% | −0.6% | −2.3% | −0.7% | −0.3% | +1.3% |
| 2022 | +0.4% | −1.2% | −1.6% | −0.4% | +1.2% | −0.4% | +0.7% | −0.3% | −1.7% | −1.4% | +1.8% | −0.1% |
| 2021 | +0.7% | +0.5% | +0.3% | −0.9% | +0.6% | +0.2% | +0.4% | −0.1% | −0.3% | −0.1% | −1.4% | −0.1% |
| 2020 | 0.0% | −0.5% | −2.0% | +0.6% | +0.8% | +0.4% | +2.1% | 0.0% | +0.1% | +0.2% | +0.3% | +0.3% |
| 2019 | — | — | — | — | — | — | — | +0.2% | −0.6% | +0.8% | +1.0% | +0.3% |
FAUMX Risk
Risk measures from monthly returns over Aug 2021 – Jul 2024.
- 3-year volatility (annualised): 4.57%
- 3-year Sharpe ratio: -1.09 (vs 4.5% risk-free rate)
- Best month: +4.63% (Jan 2024)
- Worst month: −2.29% (Sep 2023)
FAUMX Fund Flows
Monthly money in and out of Frost Municipal Bond Fund, from SEC Form N-PORT.
- 12-month net flow: −$2.3M
- 12-month gross sales (incl. reinvestments): $897K
- Sales ÷ redemptions: 0.28×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2024 | $298K | $439K | −$141K |
| Jun 2024 | $20K | $709K | −$689K |
| May 2024 | $71K | $10.9M | −$10.8M |
| Apr 2024 | $22K | $441K | −$420K |
| Mar 2024 | $20K | $57K | −$37K |
| Feb 2024 | $23K | $224K | −$201K |
| Jan 2024 | $33K | −$919K | $952K |
| Dec 2023 | $184K | −$2.0M | $2.2M |
| Nov 2023 | $87K | −$3.3M | $3.4M |
| Oct 2023 | $63K | −$1.8M | $1.8M |
| Sep 2023 | $41K | −$820K | $861K |
| Aug 2023 | $36K | −$739K | $774K |
FAUMX Assets Under Management
Net assets of Frost Municipal Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2024-07-31 | $3.58M |
| 2024-04-30 | $15.33M |
| 2024-01-31 | $16.23M |
| 2023-10-31 | $21.09M |
| 2023-07-31 | $25.23M |
| 2023-04-30 | $28.68M |
| 2023-01-31 | $33.46M |
| 2022-10-31 | $31.82M |
| 2022-07-31 | $32.93M |
| 2022-04-30 | $34.16M |
| 2022-01-31 | $37.67M |
| 2021-10-31 | $40.47M |
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.