TCCYX Fees and Costs — Ambrus Tax-Conscious California Bond Fund
Data updated: 2026-08-21
The net expense ratio is 0.76%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3K in broker commissions, 0.0009% of average net assets, and portfolio turnover was 26%.
TCCYX Fees and Expenses
Annual operating expenses and sales charges of TCCYX. Prospectus, as of February 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | — |
| Other expenses | 0.10% |
| Gross expense ratio | 0.76% |
| Fee waiver | — |
| Net expense ratio | 0.76% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
TCCYX Costs Over Time
On $10,000 invested in TCCYX, assuming 5% a year before costs, total costs come to $478 over 5 years, cutting the return by 0.80% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.76%) | $80 | $250 | $434 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $12 | $44 |
| Total costs | $80 | $262 | $478 |
| Value after costs | $10,420 | $11,314 | $12,285 |
| Impact on return, per year | 0.80% | 0.80% | 0.80% |
TCCYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0009%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $374.0M
- Portfolio turnover (prospectus): 26%
- Securities lending: none during the year
TCCYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $3K | 100.00% |
TCCYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $96.7M | 28.42% |
| WELLS FARGO SECURITIES, LLC | $60.9M | 17.90% |
| BMO CAPITAL MARKETS CORP. | $36.4M | 10.70% |
| J.P. Morgan Securities LLC | $35.0M | 10.28% |
| PERSHING LLC | $30.7M | 9.02% |
| GOLDMAN SACHS & CO. | $20.8M | 6.12% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $17.1M | 5.02% |
| MARKETAXESS CORPORATION | $15.4M | 4.51% |
| RAYMOND JAMES & ASSOCIATES, INC. | $13.9M | 4.08% |
| UBS SECURITIES LLC | $13.4M | 3.94% |
Ambrus Tax-Conscious California Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TCCBX | Institutional Class | 0.51% | — |
| TCCYX | C000237819 | 0.76% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.