Frost Municipal Bond Fund (FIMUX)
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.
Fund Info
US3592468819
Apr 24, 2008
$1,000,000
Expense Ratio
FIMUX features an expense ratio of 0.64%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Frost Municipal Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
FIMUX
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^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of FIMUX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.30% | -0.24% | -0.03% | -0.64% | -0.50% | 1.07% | 0.04% | -0.11% | -0.71% | ||||
| 2023 | 1.72% | -1.58% | 1.62% | -0.43% | -0.61% | 0.65% | 0.09% | -0.73% | -2.17% | -0.65% | 4.76% | 1.26% | 3.82% |
| 2022 | -1.34% | -0.34% | -1.55% | -1.29% | 0.80% | -0.43% | 1.23% | -1.36% | -1.82% | -0.24% | 2.51% | 0.00% | -3.85% |
| 2021 | 0.28% | -0.79% | 0.34% | 0.50% | 0.28% | 0.32% | 0.48% | -0.01% | -0.41% | 0.07% | 0.37% | 0.07% | 1.49% |
| 2020 | 1.04% | 0.67% | -1.95% | -0.46% | 2.05% | 0.42% | 0.96% | 0.11% | 0.23% | -0.07% | 0.69% | 0.36% | 4.08% |
| 2019 | 0.69% | 0.47% | 0.94% | 0.38% | 0.95% | 0.28% | 0.59% | 0.75% | -0.50% | 0.20% | 0.07% | 0.31% | 5.26% |
| 2018 | -0.60% | -0.21% | 0.39% | -0.39% | 0.71% | 0.19% | 0.41% | 0.30% | -0.41% | -0.37% | 0.70% | 0.84% | 1.56% |
| 2017 | 0.58% | 0.45% | 0.19% | 0.65% | 1.17% | -0.58% | 0.67% | 0.68% | -0.68% | -0.08% | -0.68% | 0.52% | 2.91% |
| 2016 | 0.75% | 0.19% | 0.03% | 0.38% | -0.02% | 1.06% | 0.09% | 0.11% | -0.38% | -0.57% | -3.02% | 0.80% | -0.64% |
| 2015 | 1.25% | -0.54% | 0.17% | -0.27% | -0.28% | -0.06% | 0.47% | 0.16% | 0.68% | 0.31% | 0.10% | 0.41% | 2.43% |
| 2014 | 1.24% | 0.68% | -0.25% | 0.90% | 0.89% | 0.03% | 0.03% | 0.77% | 0.13% | 0.49% | 0.19% | 0.18% | 5.40% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FIMUX is 4, meaning it’s performing worse than 96% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Frost Municipal Bond Fund (FIMUX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Frost Municipal Bond Fund provided a 104.56% dividend yield over the last twelve months, with an annual payout of $9.42 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $9.42 | $0.24 | $0.22 | $0.38 | $0.67 | $0.24 | $0.25 | $0.28 | $0.25 | $0.26 | $0.28 |
Dividend yield | 104.56% | 2.55% | 2.39% | 3.81% | 6.56% | 2.31% | 2.42% | 2.69% | 2.40% | 2.49% | 2.66% |
Monthly Dividends
The table displays the monthly dividend distributions for Frost Municipal Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.29 | $0.03 | $9.01 | $9.44 | |||
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.22 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.17 | $0.38 |
| 2020 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.42 | $0.67 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.25 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.06 | $0.28 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2014 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.28 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Frost Municipal Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Frost Municipal Bond Fund was 7.03%, occurring on Mar 20, 2020. Recovery took 81 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -7.03% | Mar 10, 2020 | 9 | Mar 20, 2020 | 81 | Jul 16, 2020 | 90 |
| -6.86% | Sep 12, 2008 | 24 | Oct 15, 2008 | 52 | Dec 30, 2008 | 76 |
| -6.31% | Dec 30, 2021 | 207 | Oct 25, 2022 | 301 | Jan 8, 2024 | 508 |
| -4.64% | Sep 1, 2010 | 95 | Jan 14, 2011 | 84 | May 17, 2011 | 179 |
| -4.3% | Aug 25, 2016 | 69 | Dec 1, 2016 | 168 | Aug 3, 2017 | 237 |
Volatility
Volatility Chart
The current Frost Municipal Bond Fund volatility is 0.41%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.