Ambrus Tax-Conscious California Bond Fund Institutional Class (TCCBX)

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Ambrus Tax-Conscious California Bond Fund Institutional Class (TCCBX) is up 0.5% since the beginning of the year. TCCBX is currently trading at $10 per share.

Ambrus Tax-Conscious California Bond Fund Institutional Class (TCCBX) has returned 0.53% so far this year and 4.02% over the past 12 months.

Based on dividend-adjusted daily data since Apr 28, 2025, TCCBX's average daily return is +0.02%, while the average monthly return is +0.27%. At this rate, an investment would double in approximately 21.4 years.

Historically, 67% of months were positive and 33% were negative. The best month was Sep 2025 with a return of +1.7%, while the worst month was Mar 2026 at -1.2%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 1 months.

On a daily basis, TCCBX closed higher 32% of trading days. The best single day was Sep 8, 2025 with a return of +0.7%, while the worst single day was May 18, 2026 at -0.4%.

Ambrus Tax-Conscious California Bond Fund Institutional Class has an annualized alpha of 2.67%, beta of 0.05, and R2 of 0.08 versus S&P 500 Index. Calculated based on daily prices since April 29, 2025.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (10.51%) than losses (10.34%) - typical of diversified or defensive assets.
• Beta of 0.05 may look defensive, but with R2 of 0.08 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.08 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

TCCBX has an expense ratio of 0.50%, placing it in the medium range.

TCCBX ranks 66 for risk / return — better than 66% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Ambrus Tax-Conscious California Bond Fund Institutional Class (TCCBX) and compare them to S&P 500 Index.

Ambrus Tax-Conscious California Bond Fund Institutional Class provided a 1.92% dividend yield over the last twelve months, with an annual payout of $0.19 per share.

The table displays the monthly dividend distributions for Ambrus Tax-Conscious California Bond Fund Institutional Class. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Ambrus Tax-Conscious California Bond Fund Institutional Class. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Ambrus Tax-Conscious California Bond Fund Institutional Class was 1.77%, occurring on Mar 26, 2026. The portfolio has not yet recovered.

The current Ambrus Tax-Conscious California Bond Fund Institutional Class drawdown is 0.26%.

The chart below shows the rolling one-month volatility.