Frost Investment Advisors has launched the Frost Aggressive Allocation Fund (FCAAX) class A shares, which is the third in a series of asset allocation funds managed by Frost.
This Fund joins the Frost Moderate Allocation Fund (FIBTX/FASTX) , formerly the Frost Strategic Balanced Fund and the Frost Conservation Allocation Fund (FDSFX) class A shares, formerly the Frost Diversified Strategies Fund, to provide investors with a suite of funds targeted toward balancing risk and return in order to meet their long term investment objectives, moving beyond a target date focus. The new fund was first available for trading on May 19, 2014.
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These three new Funds are actively managed by an experienced team of Frost Investment Advisors, LLC professionals, with an average of 19 years of investment experience. Managers of the Frost Aggressive, Moderate and Conservative Allocation Funds include Alan Tarver, CFA; Brad Thompson, CFA; Tom L. Stringfellow, CFA, CFP, CPA, CIC; David Telling, and Justin Hopkins.
The managers seek to provide total return, diversifying among different asset classes with investments in a combination of proprietary and third-party managed mutual funds and exchange traded funds.
"Finding this balance takes discipline, experience, knowledge, technology, and strong asset selection," said Tom Stringfellow, president and chief investment officer of Frost Investment Advisors, LLC. "Frost has more than 25 years of experience in helping clients achieve their investment goals through asset allocation."
With total assets under management of $10.2 billion, including mutual fund assets of $2.9 billion as of March 31, 2014, Frost Investment Advisors began offering mutual funds in April 2008, initially to serve the needs of institutional clients, and expanding to offer retail shares in June 2008. With the Frost Target Risk Funds, the adviser now offers 16 managed and sub-advised strategies and mutual funds that include institutional and retail share classes.
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By GlobalDataRecent accomplishments and performance metrics include:
-As of March 31, 2014, the Frost Total Return Bond Fund (FIJEX/FATRX) was ranked in the top three for one-year performance, the top three for three-year performance and the top eight for five-year performance, within its peer group, according to Morningstar.
-In January of this year, the Frost Total Return Bond Fund (FIJEX/FATRX) passed $1 billion in assets for the first time. As of March 31, 2014, the combined share classes of the Fund had total assets of $1.07 billion.
Annualized performance through March 31, 2014, the Frost Total Return Bond Fund: (I share) 3.49% (one year), 6.37% (three year), 9.34% (5 year), 6.16% (since inception), 7.90% since inception of mutual fund (4-25-2008). Expense ratios are: Total Return – I share: 0.49%; A share: 0.74%; Fee waivers are contractual through November 30, 2014. Investment performance reflects fee waivers in effect. Absent these waivers, total return and yield would be reduced. There can be no assurance that the Advisor will continue to waive fees. Maximum Sales Charge for Frost Total Return Bond Fund is 2.25%. SEC 30 day yields are: Total Return – I share: 2.94%; A share: 2.64%.
