The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in fixed income securities of U.S. and foreign corporate issuers, which will include corporate bonds, collateralized loan obligations and mortgage-backed and other asset-backed securities, and structured notes with economic characteristics similar to fixed income securities. It will invest in callable bonds, as well as fixed income securities that pay a fixed or floating interest rate or interest that is payable in-kind or payable at maturity.

Nasdaq

FCFAX

The investment seeks to achieve long-term capital appreciation. Under normal market conditions, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities. It will generally invest in equity securities of domestic companies, but may also invest in equity securities of foreign companies and American Depositary Receipts ("ADRs"). The fund seeks to buy and hold securities for the long term and seeks to keep portfolio turnover to a minimum. It is non-diversified.

FICEX

The investment seeks to maximize total return, consisting of income and capital appreciation, consistent with the preservation of principal. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in fixed income securities. The advisor 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 four years of the fund benchmark's duration. Its fixed income investments focus primarily on investment grade securities, but may at times include securities rated below investment grade.

FIJEX

The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in fixed income securities. Its emphasis is on total return with low volatility by investing primarily in shorter-term investment grade securities. The fund invests in a diversified mix of taxable fixed income securities. The Adviser actively manages the maturity of the fund and purchases securities which will, on average, mature in less than 5 years.

FILDX

The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in municipal securities that generate income exempt from federal income tax, but not necessarily the federal alternative minimum tax ("AMT"). These securities include securities of municipal issuers located in Texas as well as in other states, territories and possessions of the United States. The fund may invest more than 25% of its total assets in bonds of issuers in Texas.

Symbol	Full Name	Category	Inception	Expense Ratio	YTD Return	10Y Return (Annualized)	Dividend Yield
FCFAX	Frost Credit Fund	Short-Term Bond	Dec 3, 2012	0.96%	3.35%	3.96%	5.99%
FICEX	Frost Growth Equity Fund	Large Cap Growth Equities	Apr 25, 2008	0.63%	13.67%	15.05%	14.22%
FIJEX	Frost Total Return Bond Fund	Short-Term Bond	Apr 25, 2008	0.46%	2.82%	3.02%	5.46%
FILDX	Frost Low Duration Bond Fund	Short-Term Bond	Apr 25, 2008	0.43%	1.37%	1.55%	3.99%
FIMUX	Frost Municipal Bond Fund	Municipal Bonds	Apr 24, 2008	0.64%	-0.67%	1.81%	2.52%

Frost Funds Mutual Funds List

Risk vs. Return Scatterplot