Frost Municipal Bond Fund Investor Class Shares (FAUMX)
Frost Municipal Bond Fund Investor Class Shares operates in the Asset Management - Bonds industry of the Financial Services sector. The stock last traded at $9.02, up 0.00% on the session, giving a market capitalisation of $2.1M. Its beta of 0.59 implies it has historically moved less than the broad market.
This fund allocates a minimum of 80% of its net assets, including any borrowed capital, to municipal securities. These investments are designed to provide income exempt from federal income tax, although they are not necessarily exempt from the federal alternative minimum tax (AMT). The fund's holdings include municipal bonds from issuers in Texas, as well as those in other U.S. states, territories, and possessions. It has the option to invest more than 25% of its total assets in bonds issued by Texas entities.
Frost Municipal Bond Fund Investor Class Shares is most often compared with the following Financial Services names: