- ISIN
- US36087T5772
- Issuer
- Ambrus
- Inception Date
- Jan 26, 2023
- Category
- Municipal Bonds
- Min. Investment
- $10,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
TCCBX Performance Chart
Ambrus Tax-Conscious California Bond Fund Institutional Class (TCCBX) is down 0.2% since the beginning of the year. TCCBX is currently trading at $10 per share.
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Returns By Period
Ambrus Tax-Conscious California Bond Fund Institutional Class (TCCBX) has returned -0.23% so far this year and 2.58% over the past 12 months.
Ambrus Tax-Conscious California Bond Fund Institutional Class
- 1D
- -0.20%
- 1M
- -1.19%
- 6M
- -0.43%
- YTD
- -0.23%
- 1Y
- 2.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.65%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
TCCBX Monthly Returns History
Based on dividend-adjusted daily data since Apr 28, 2025, TCCBX's average daily return is +0.01%, while the average monthly return is +0.21%. At this rate, an investment would double in approximately 27.5 years.
Historically, 69% of months were positive and 31% 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 7 consecutive months, and the longest losing streak was 1 months.
On a daily basis, TCCBX closed higher 31% of trading days. The best single day was Sep 8, 2025 with a return of +0.7%, while the worst single day was Jul 23, 2026 at -0.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.20% | 0.59% | -1.24% | 0.89% | -0.10% | 0.63% | -1.19% | -0.23% | |||||
| 2025 | 0.60% | -0.20% | 0.73% | -0.39% | 0.51% | 1.74% | 0.40% | 0.00% | 0.14% | 3.57% |
Benchmark Metrics
Ambrus Tax-Conscious California Bond Fund Institutional Class has an annualized alpha of 1.53%, beta of 0.05, and R2 of 0.09 versus S&P 500 Index. Calculated based on daily prices since April 28, 2025.
- This fund participated in 32.09% of S&P 500 Index downside but only 11.22% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.05 may look defensive, but with R2 of 0.09 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 0.09 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.
- Alpha
- 1.53%
- Beta
- 0.05
- R²
- 0.09
- Upside Capture
- 11.22%
- Downside Capture
- 32.09%
Expense Ratio
TCCBX has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TCCBX ranks 69 for risk / return — above 69% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TCCBX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.25 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 2.00 | +0.10 |
| Martin ratioReturn relative to average drawdown | 7.65 | 8.49 | -0.84 |
Dividends
Dividend History
Ambrus Tax-Conscious California Bond Fund Institutional Class provided a 1.65% dividend yield over the last twelve months, with an annual payout of $0.16 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.16 | $0.16 |
Dividend yield | 1.65% | 1.58% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.03 | $0.03 | $0.00 | $0.03 | $0.00 | $0.10 | |||||
| 2025 | $0.03 | $0.00 | $0.03 | $0.03 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.16 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
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. Recovery took 54 trading sessions.
The current Ambrus Tax-Conscious California Bond Fund Institutional Class drawdown is 1.19%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-1.77%Mar 2026 | 24d | 3mo 6d | 4moMar 2026 - Jun 2026 | — |
-1.29%Jul 2026 | 15d | — | 26dJul 2026 - now | — |
-0.80%Jul 2025 | 9d | 19d | 28dJul 2025 - Aug 2025 | — |
-0.60%May 2025 | 3d | 1mo 9d | 1mo 12dMay 2025 - Jun 2025 | 2025 selloff2025 |
-0.40%Dec 2025 | 25d | 23d | 1mo 18dNov 2025 - Dec 2025 | — |
Drawdown Indicators
| TCCBX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.77% | -56.78% | +55.01% |
Max Drawdown (1Y)Largest decline over 1 year | -1.77% | -9.10% | +7.33% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.19% | -1.58% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -0.31% | -10.70% | +10.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 2.14% | -1.66% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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