Frost Low Duration Bond Fund Investor Class Shares

The Frost Low Duration Bond Fund Investor Class Shares (FADLX) is an actively managed open-end mutual fund offered by Frost Funds, a family of investment vehicles managed by Frost Investment Advisors, LLC, a wholly owned non-banking subsidiary of Frost Bank, which has been a cornerstone of Texas banking and wealth management since 1868. The fund invests at least 80% of its net assets in fixed income securities, focusing on a diversified mix of high-quality, short-duration taxable debt instruments — including U.S. Treasury securities, government agency bonds, corporate bonds, asset-backed securities, and mortgage-backed securities — with an average weighted maturity of under five years to minimize interest rate sensitivity. Classified under the Morningstar Short-Term Bond category, FADLX targets conservative investors seeking stable current income and capital preservation with reduced exposure to market volatility, and has been co-managed by Jeffery Elswick and Markie Atkission since its inception in June 2008. With approximately $230 million in total net assets and a net expense ratio of 0.69%, the fund is available to U.S. retail investors with a minimum initial investment of $2,500 and is accessible through major brokerage platforms including Schwab and Fidelity.