FRVGX — Frost Global Bond Fund

FRVGX Fund Overview

FRVGX — Frost Global Bond Fund is a US mutual fund managed by Frost Family of Funds, categorised as Bond. 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: Bond
• Assets under management: $1.03M
• Ticker: FRVGX
• SEC CIK: 0001762332
• SEC series ID: S000066721
• Share class ID: C000215021

FRVGX Investment Objective and Strategy

Frost Global Bond 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 Global Bond Fund (the "Fund") seeks to maximize total return, consisting of income and capital appreciation.

Principal investment strategy

Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in fixed income securities. This investment policy may be changed by the Fund upon 60 days' prior written notice to shareholders. Frost Investment Advisors, LLC (the "Adviser" or "Frost") actively manages the duration of the Fund and purchases securities such that the average weighted duration of the Fund's portfolio will typically range within plus or minus three years of the Bloomberg Barclays Global Aggregate Bond Index (the "Index"), the Fund's benchmark. As of September 30, 2019, the duration of the Fund's benchmark was 7.30 years. Accordingly, the average weighted duration of the Fund's portfolio would have been expected to range from 4.30 to 10.30 years as of such date.

The concept of duration is useful in assessing the sensitivity of a fixed income fund to interest rate movements, which are usually the main source of risk for most fixed income funds. Duration measures price volatility by estimating the change in price of a debt security for a 1% change in its yield. For example, a duration of five years means the price of a debt security will change about 5% for every 1% change in its yield. Thus, the higher the duration, the more volatile the security. The Adviser, in constructing and maintaining the Fund's portfolio, employs the following five primary strategies to varying degrees depending on its views of economic growth prospects, interest rate predictions and relative value assessments: determining an average interest rate target for the Fund based off analysis of duration and the yield curve; determining a best estimate of asset category allocations for the Fund; determining a balance of asset classes that offer the best potential performance given the Adviser's estimates of economic growth, interest rate direction and relative value; determining the best credit sector allocation for the Fund, given those same inputs, defined by security ratings sourced from the national ratings agencies; and individual security selection.

The "total return" sought by the Fund consists of income earned on the Fund's investments, plus capital appreciation, if any, which generally arises from decreases in interest rates or improving credit fundamentals for a particular sector or security. The Fund typically invests in the following fixed income securities: sovereign government securities; governmental agency bonds; unsecured and secured corporate debt; asset-backed securities; municipal and other similar local regional government bonds; collateralized loan obligations; collateralized mortgage obligations, residential and commercial mortgage-backed securities, and mortgage-backed roll dollar transactions, all denominated in currency of origin. The Fund's investments focus primarily on investment grade securities (rated in one of the four highest rating categories by a rating agency), but will also include securities rated below investment grade ("high yield" bonds) regularly.

In addition, the Fund's investments may include unrated securities, if deemed by the Adviser to be of comparable quality to investment grade. The Fund may also enter into repurchase agreements, hold commercial paper instruments and other cash like securities. The Fund may also invest in options, futures contracts and swaps, including interest rate, currency and credit default swaps, to hedge risk and enhance returns. The Fund is not limited in the amount of assets it may invest in collateralized loan obligations. Under normal circumstances, the Fund invests in at least three countries, including the United States, and invests a percentage of its net assets in securities of non-U.S. (including both developed and emerging market) issuers equal to at least the lesser of 40% (or, if conditions are not favorable, 30%) or the percentage of non-U.S.

issuers in the Index. The Fund considers an issuer to be a non-U.S. issuer if: (i) it issues non-U.S. sovereign government debt; (ii) at least 50% of its assets are located outside of the U.S.; (iii) at least 50% of its revenue is generated outside of the U.S.; (iv) it is organized or maintains its principal place of business outside of the U.S.; or (v) its securities are traded principally outside of the U.S.

FRVGX Costs and Fees

FRVGX costs about $125 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.25%
• Gross expense ratio: 1.76%

FRVGX Cashflows

Over the 12 months to 2020-01, Frost Global Bond Fund had net inflows of $1.03M, from monthly SEC N-PORT filings.

FRVGX Debt Constituents

No individual debt constituents are reported in Frost Global Bond Fund's latest SEC N-PORT filing.

FRVGX Prospectus and SEC Filings

Official Frost Global Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-12-10
• Prospectus supplement (497) — filed 2019-11-15
• Portfolio holdings (N-PORT) — filed 2020-03-30
• Portfolio holdings (N-PORT) — filed 2019-12-27

Related Funds

Other Bond funds tracked on ABC INVEST:

• Great-West T. Rowe Price Equity Income Fund (MXTQX)
• Absolute Return Currency Fund (JCUAX)
• ICON Flexible Bond Fund (IOBCX)
• Tributary Growth Opportunities Fund (FOGRX)
• Oakhurst Fixed Income Fund (FWFIX)

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.