Ambrus Tax-Conscious Natl Bd Inst (TCNBX)

Fund Assets	477.67M
Expense Ratio	0.51%
Min. Investment	$10,000
Turnover	26.00%
Dividend (ttm)	0.39
Dividend Yield	3.91%
Dividend Growth	1.74%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	10.02
YTD Return	-0.20%
1-Year Return	1.80%
5-Year Return	n/a
52-Week Low	10.00
52-Week High	10.21
Beta (5Y)	n/a
Holdings	381
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.

• Fund Family: Ambrus Funds
• Category: Short-Term Bond
• Performance Rating: Low
• Risk Rating: High
• Stock Exchange: NASDAQ
• Ticker Symbol: TCNBX
• Share Class: Institutional Class
• Index: Index is not available on Lipper Database

Performance

TCNBX had a total return of 1.80% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.50%.

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 Fund	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

12.73% of assets

Name	Symbol	Weight
BNY Dreyfus Govt Cash Mgmt Instl	DGCXX	2.12%
United States Treasury Notes - T 1.125 10/31/26	T.1.125 10.31.26	1.99%
PARKER (TX), COUNTY OF - TX PKR 5 02/15/2042	TX.PKR 5 02.15.2042	1.14%
State Street SPDR Portfolio High Yield Bond ETF	SPHY	1.14%
TEXAS ST MUNI GAS ACQUISITION& - Texas Municipal Gas Acquisition & Supply Corp III	TX.TXSUTL 5 12.15.2029	1.13%
HUDSON YDS INFRASTRUCTURE CORP N Y - NY HUYGEN 5 02/15/2042	NY.HUYGEN 5 02.15.2042	1.11%
TOLEDO OH WTRWKS REVENUE - City of Toledo OH Water System Revenue	OH.TOLWTR 5 11.15.2041	1.08%
LAS VEGAS NV CONVENTION & VISI - Las Vegas Convention & Visitors Authority	NV.LASGEN 5.25 07.01.2049	1.04%
PIMCO Senior Loan Active Exchange-Traded Fund	LONZ	1.00%
Goldman Sachs Group, Inc. - GS V6.125 PERP Y	GS.V6.125 PERP Y	0.98%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.0323	Jul 31, 2026
Jun 30, 2026	$0.0354	Jun 30, 2026
May 29, 2026	$0.032	May 29, 2026
Apr 30, 2026	$0.0317	Apr 30, 2026
Mar 31, 2026	$0.0358	Mar 31, 2026
Feb 27, 2026	$0.0302	Feb 27, 2026

Data Sources: Tiingo and Finnhub

Historical data is provided by Tiingo. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

Data Sources Report a data error