Frost Municipal Bond Inst  FIMUX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Muni National Interm Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Avg Duration
   ---
   Avg Credit Quality
   ---
As of 2009-06-30
Day Change
$ 0.01
  
NAV (2009-11-20)
$ 10.43
  
YTD Return % (2009-11-20)
7.89%
  
Total Assets ($ mil)
153
View Data Definitions
  Performance    
Growth of $10,000 Fund: Frost Municipal Bond Inst
(from 1999-01-01 to 2009-10-31) Category: Muni National Interm
Index: BarCap Municipal TR USD
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 1987-10-01 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-20
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 7.89 9.31 5.14 4.30 --- ---
+/- Category -2.04 -1.77 1.72 1.16 --- ---
+/- BarCap Municipal TR USD -4.25 -2.36 0.89 -0.06 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 7.95 11.96 5.32 4.26 --- ---
Month-End (as of 2009-10-31) 6.29 10.24 4.60 3.82 --- ---
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 10.24 4.60 3.82 --- ---
On Distribution & Sale of Shares --- 7.91 4.40 3.77 --- ---
Morningstar Rating --- --- --- ---
# of compared funds covered (3 yrs : out of 234 funds), (5 yrs : out of 209 funds), (10 yrs : out of funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is none.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
General Obligations 60.69
Advance Refunded ---
State Appropriated Tobacco ---
Non-state Appropriated Tobacco ---
Education 3.45
Health 2.93
Housing ---
Industrial ---
Transportation 1.60
Utilities ---
Water/Sewer 14.31
Misc. Revenue 17.02
Bond Quality % of Bonds
AAA ---
AA ---
A ---
BBB ---
BB ---
B ---
Below B ---
Not Rated ---
 
Asset Allocation
% of Net Assets
Cash 5.7
Stocks 0.0
Bonds 93.9
Other 0.4
Foreign Stocks 0.0
(as a % of Assets)
Data through 2009-06-30 Data through 2009-06-30
 
Holding Status
Total Number of Stock Holdings Turnover % 14
Total Number of Bond Holdings 127 30 Day SEC Yield % 2.40
% of Assets in Top 10 Holdings 12.46 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Maturity
Date		 Amount
$000		 Value
$000		 % of Net
Assets
Ohio St Com Sch G 5% 2012-09-15 2,000 2,207 1.58
Montgomery Cnty Tenn Go Ref Bd 4.75% 2016-05-01 2,000 2,171 1.55
Hidalgo Cnty Tex Ctfs Obli 5.15% 2011-08-15 2,070 2,149 1.53
Shelby Cnty Tenn Go Pub Im 5% 2011-03-01 1,675 1,783 1.27
Denver Colo City & Cnty Brd Wt Wtr 4.75% 2017-12-01 1,570 1,642 1.17
District Columbia Go Bds 4.75% 2031-06-01 1,750 1,630 1.16
San Francisco Calif City & Cnt Go Sch 4% 2018-06-15 1,500 1,492 1.06
FAIRFAX CNTY VA SWR REV SWR REV B 2025-07-15 1,500 1,470 1.05
Suffolk Cnty N Y Pub Impt 4.375% 2018-11-01 1,400 1,467 1.05
Spring Tex Indpt Sch Dist 4% 2015-08-15 1,400 1,463 1.04
Data through 2009-06-30
  Other Information
Fund Inception: 1987-10-01
Portfolio Manager  (Start Date)
Jeffery Elswick  (2008-04-25)
Elswick joined The Frost National Bank, the parent company of the Adviser, in 2006 and has over 13 years of investment experience. Prior to joining The Frost National Bank, he served as a fixed income portfolio manager, analyst and trader at Capital One Financial Corporation from 2000 to 2006.
Tom Stringfellow  (2008-04-25)
Tom Stringfellow is the Chief Investment Officer of Frost Financial Management Group, a division of The Frost National Bank. Tom is also President of Frost Investment Advisors, LLC, a wholly owned subsidiary of The Frost National Bank. In this role he supervises all portfolio management activities, research, and trading for the Frost Investment Advisors. Tom is jointly and primarily responsible for the day-to-day management of the Large Cap Growth Composite.
Sales Charge %
(taken from prospectus dated 2009-07-31)
Front: None
Deferred: None
Expense Ratio % 0.62
based on net assets
(taken from annual report dated 2009-07-31)
Correspondence Information
Advisors Inner Circle Fd II (Frost)
100 West Houston Street
San Antonio,  TX  78205
USA
Telephone:
877-713-7678
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

© Copyright 2009 Morningstar, Inc. All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc.
Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.