Fundvantage Trust - Ambrus Tax-Conscious National Bond Fund (TCNBX)
| Fund Assets | 396.41M |
| Expense Ratio | 0.51% |
| Min. Investment | $10,000 |
| Turnover | 36.00% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 3.50% |
| Dividend Growth | -2.85% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 10.12 |
| YTD Return | 2.48% |
| 1-Year Return | 2.57% |
| 5-Year Return | n/a |
| 52-Week Low | 9.69 |
| 52-Week High | 10.12 |
| Beta (5Y) | n/a |
| Holdings | 282 |
| Inception Date | Sep 30, 2022 |
About TCNBX
Ambrus Tax-Conscious National Bond Fund Institutional Class is an open-end mutual fund focused on delivering total return net of federal taxes while preserving capital. The strategy invests primarily in U.S. fixed income securities and related instruments, with a policy to keep at least 80% of assets in bonds and similar exposures, emphasizing investment‑grade credit quality. The fund distributes income monthly, reflecting its role as an income-oriented core bond allocation for taxable investors seeking efficient after‑tax outcomes. It spans a diversified bond universe that typically includes U.S. Treasuries, agencies, corporates, securitized assets, and other high‑quality debt, positioning it within the short-term bond category. The institutional share class pairs a relatively low expense profile with scale, supporting cost-effective fixed income exposure for institutions and sophisticated investors. Since its 2022 inception, the fund has grown its asset base and provides transparent yield and distribution data that align with its tax-conscious mandate and fixed income focus.
Performance
TCNBX had a total return of 2.57% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.04%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FTABX | Fidelity | Fidelity Tax-Free Bond | 0.25% |
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| TCNYX | Investor Class | 0.76% |
Top 10 Holdings
17.18% of assets| Name | Symbol | Weight |
|---|---|---|
| Dreyfus Government Cash Management Fund | DGCXX | 5.57% |
| PARKER CNTY TX - County of Parker TX | TX.PKR 5 02.15.2042 | 1.57% |
| SPDR Portfolio High Yield Bond ETF | SPHY | 1.45% |
| TOLEDO OH WTRWKS REVENUE - City of Toledo OH Water System Revenue | OH.TOLWTR 5 11.15.2041 | 1.36% |
| LAS VEGAS NV CONVENTION & VISI - Las Vegas Convention & Visitors Authority | NV.LASGEN 5.25 07.01.2049 | 1.30% |
| Goldman Sachs Group Inc/The | GS.V6.125 PERP Y | 1.23% |
| Government National Mortgage A - Ginnie Mae II Pool | G2.MA9781 | 1.21% |
| Foundry JV Holdco LLC | FABSJV.6.3 01.25.39 | 1.19% |
| CHICAGO IL TRANSIT AUTH SALES - Chicago Transit Authority Sales Tax Receipts Fund | IL.CHITRN 5 12.01.2046 | 1.16% |
| UTAH ST TRANSIT AUTH SALES TAX - Utah Transit Authority | UT.UTSTRN 4 12.15.2031 | 1.16% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.0327 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0337 | Jun 30, 2025 |
| May 30, 2025 | $0.0318 | May 30, 2025 |
| Apr 30, 2025 | $0.0312 | Apr 30, 2025 |
| Mar 31, 2025 | $0.0339 | Mar 31, 2025 |
| Feb 28, 2025 | $0.0297 | Feb 28, 2025 |