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15 important things you should know about FAUMX mutual fund

Updated: September 18, 2020
N/A
Bull Case
  • No Bull case arguments for now!
Bear Case
  • Low net assets
  • 3-year return below the benchmark
  • 5-year return below the benchmark
  • 10-year return below the benchmark
  • High expense ratio
  • Sales load and/or distribution fees

Before we start: if you’re looking for FAUMX “stock” price, you can quickly find it out by visiting Finny and typing "FAUMX quote". If you’re looking for a quick scoop on FAUMX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "FAUMX". You’ll get all this info in one place.

Are you looking to buy or sell FAUMX? Or perhaps you’re looking for FAUMX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this FAUMX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: FAUMX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: FAUMX buy or sell; the pros and cons of investing in FAUMX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to FAUMX.

And here is the list of questions we’ll answer:

  1. Describe Advisors' Inner Circle Fund II: Frost Municipal Bond Fund; Investor Class Shares (FAUMX).
  2. What are FAUMX holdings?
  3. What is FAUMX performance? What are FAUMX historical returns?
  4. How many up and down years did FAUMX have historically?
  5. What is FAUMX dividend yield?
  6. What is FAUMX minimum initial investment amount?
  7. What is FAUMX expense ratio?
  8. Does FAUMX have any sales loads or 12b-1 distribution expenses?
  9. What is FAUMX tax efficiency (tax-cost ratio)?
  10. What is FAUMX beta? How would you assess FAUMX risk?
  11. What is FAUMX Sharpe ratio?
  12. What is FAUMX Finny Score? FAUMX buy or sell?
  13. What are the pros of investing in FAUMX? What are FAUMX buy reasons?
  14. What are the cons of investing in FAUMX? What are FAUMX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe Advisors' Inner Circle Fund II: Frost Municipal Bond Fund; Investor Class Shares (FAUMX).

The Fund seeks to provide a consistent level of current income exempt from federal income tax with a secondary emphasis on maximizing total return through capital appreciation. The Fund seeks to invests at least 80% of its net assets in municipal securities that generate income exempt from federal income tax.

2. What are FAUMX top holdings?

FAUMX has 0 stock holdings and 96 bond holdings.

The top 10 holdings represent 38.74% of total assets. Here are the top holdings:

Name Symbol % Assets
EL PASO CNTY TEX HOSP DIST 5% N/A 5.74%
LA VERNIA TEX HIGHER ED FIN CORP ED REV 5.25% N/A 4.26%
LOVE FIELD ARPT MODERNIZATION CORP TEX SPL FACS REV 5.25% N/A 4.19%
LOWER COLO RIV AUTH TEX REV 5% N/A 4.02%
UNIVERSITY OKLA REVS 5% N/A 3.76%
SAN ANTONIO TEX PUB FACS CORP LEASE REV 5% N/A 3.63%
TEXAS TRANSN COMMN CENT TEX TPK SYS REV 5% N/A 3.59%
VIRGINIA ST HSG DEV AUTH COMWLTH MTG 2.15% N/A 3.36%
CYPRESS-FAIRBANKS TEX INDPT SCH DIST 5% N/A 3.33%
ST LOUIS MO MUN FIN CORP LEASEHOLD REV 5% N/A 2.86%

3. What is FAUMX performance? What are FAUMX historical returns?

FAUMX has generated the following returns:

  • 1-month return is 0.09%;
  • 3-month return is 1.33%;
  • 1-year return is 2.74%;
  • 3-year return is 2.68%;
  • 5-year return is 2.43%;
  • 10-year return is 2.46%.

4. How many up and down years did FAUMX have historically?

In the last 10 years, FAUMX had 8 up years and 2 down years. See Performances

5. What is FAUMX dividend yield?

FAUMX yield is 2.04%.

6. What is FAUMX minimum initial investment amount?

FAUMX minimum initial investment amount is N/A.

7. What is FAUMX expense ratio?

FAUMX expense ratio is 0.78%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses. See Expenses

8. Does FAUMX have any sales loads or 12b-1 distribution expenses?

FAUMX 12b-1 distribution fee is 0.25. FAUMX front-end sales load is 0. FAUMX back-end sales load is 0.

9. What is FAUMX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 0.01%;
  • 3-year ax cost ratio is 0.03%.

See Taxes

10. What is FAUMX beta? How would you assess FAUMX risk?

  • 3-year beta is 0.58;
  • 5-year beta is 0.66;
  • 10-year beta is 0.67.

See Risks

11. What is FAUMX Sharpe ratio?

  • 3-year Sharpe ratio is 0.46;
  • 5-year Sharpe ratio is 0.47;
  • 10-year Sharpe ratio is 0.75.

See Risks

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 0. Our quantitative analysis shows 0 reasons to buy and 6 reasons to sell it, resulting in the Finny Score of 0.

13. What are the pros of investing in FAUMX? What are FAUMX buy reasons?

We don't see any strong reasons to buy FAUMX.

14. What are the cons of investing in FAUMX? What are FAUMX negatives?

The following are FAUMX weaknesses from our perspective:

  • <strong>FAUMX net assets</strong> are $6.40 million. This fund is not a popular choice with retail investors.
  • <strong>FAUMX 3-year return</strong> is 2.68%, which is lower than the 3-year return of the benchmark index (Bloomberg Barclays Municipal TR USD), 4.07%.
  • <strong>FAUMX 5-year return</strong> is 2.43%, which is lower than the 5-year return of the benchmark index (Bloomberg Barclays Municipal TR USD), 3.97%.
  • <strong>FAUMX 10-year return</strong> is 2.46%, which is lower than the 10-year return of the benchmark index (Bloomberg Barclays Municipal TR USD), 4%.
  • <strong>FAUMX expense ratio</strong> is 0.78%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • Warning: this fund has a 12b1 sales fee. The maximum 12b1 fee is 0.25%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund.
In the FAUMX review, we covered FAUMX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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