FCFIX Fees and Costs — Frost Credit Fund, Institutional Class Shares
Data updated: 2026-10-13
The net expense ratio is 0.66%: a 0.50% management fee plus 0.16% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 24%.
FCFIX Fees and Expenses
Annual operating expenses and sales charges of FCFIX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.66% |
| Fee waiver | — |
| Net expense ratio | 0.66% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
FCFIX Costs Over Time
On $10,000 invested in FCFIX, assuming 5% a year before costs, total costs come to $416 over 5 years, cutting the return by 0.69% 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 0.66%) | $69 | $217 | $378 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $69 | $228 | $416 |
| Value after costs | $10,431 | $11,349 | $12,347 |
| Impact on return, per year | 0.69% | 0.69% | 0.69% |
FCFIX 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): $3.0B
- Portfolio turnover (prospectus): 24%
FCFIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANK OF NEW YORK | $5.9B | 88.64% |
| J P MORGAN CHASE BANK | $219.5M | 3.28% |
| BLAIR, WILLIAM, & COMPANY, L.L.C. | $91.3M | 1.36% |
| MONTGOMERY/BANK OF AMERICA | $82.3M | 1.23% |
| RBC CAPITAL | $78.6M | 1.18% |
| SOUTHWEST SECURITIES, INC. | $66.4M | 0.99% |
| CITIGROUP | $61.2M | 0.92% |
| MORGAN STANLEY & CO, INC | $59.9M | 0.90% |
| FIRST CLEARING CORP | $54.0M | 0.81% |
| SMBC | $46.7M | 0.70% |
Frost Credit Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FCFIX | Institutional Class Shares | 0.66% | — |
| FCFAX | Investor Class Shares | 0.91% | — |
| FCFBX | A Class Shares | 0.91% | 2.50% |
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.