Morningstar

Ambrus Tax-Conscious California Bond Fund Institutional Class

Morningstar Medalist Rating
Medalist Rating as of | See Ambrus Funds Investment Hub
  • NAV / 1-Day Return 9.63  /  +0.52 %
  • Total Assets 496.1M
  • Adj. Expense Ratio
    0.510%
  • Expense Ratio 0.500%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Muni Single State Short
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 10,000
  • Status Open
  • TTM Yield 3.59%
  • Effective Duration —

USD | NAV as of Oct 02, 2026 | 1-Day Return as of Oct 02, 2026, 12:59 AM GMT+0

Morningstar’s Analysis TCCBX

Will TCCBX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TCCBX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the TCCBX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of TCCBX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Ambrus Tax-Conscious CA Bd Inst holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings TCCBX

More TCCBX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CALIFORNIA ST 4.35%

1.52 8M
municipal

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5%

1.31 7M
municipal

SACRAMENTO CALIF TRANSIENT OCCUPANCY TAX REV 5%

1.09 6M
municipal

CALIFORNIA STATEWIDE CMNTYS DEV AUTH HOSP REV 5%

1.07 6M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

1.04 5M
municipal

SAN FRANCISCO CALIF CITY & CNTY PUB UTILS COMMN WTR REV 5.25%

1.01 5M
municipal

CALIFORNIA EDL FACS AUTH REV 5%

1.00 5M
municipal

CALIFORNIA EDL FACS AUTH REV 5%

0.99 5M
municipal

PIMCO Sr Ln Actv ETF

0.93 5M
—

M-S-R ENERGY AUTH CALIF GAS REV 7%

0.92 5M
municipal

Sponsor Center