TCNBX — Ambrus Tax-Conscious National Bond Fund
Data updated: 2026-08-21
TCNBX — Ambrus Tax-Conscious National Bond Fund. Long Municipal - National Bond · $470.72M AUM. Holdings, fees, performance and SEC filings.
TCNBX Fund Overview
TCNBX — Ambrus Tax-Conscious National Bond Fund is a US mutual fund managed by FundVantage Trust, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: FundVantage Trust
- Category: Long Municipal - National Bond
- Assets under management: $470.72M
- 1-year return: 5.2%
- Ticker: TCNBX
- SEC CIK: 0001388485
- SEC series ID: S000077408
- Share class ID: C000237822
TCNBX Holdings
Top 10 holdings of Ambrus Tax-Conscious National Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Dreyfus Government Cash Management Funds | 1.99% |
| United States Of America - Bureau Of The Public Debt | 1.92% |
| United States Of America - Bureau Of The Public Debt | 1.62% |
| Minnesota Municipal Gas Agency (mn) | 1.48% |
| Spdr Series Trust | 1.07% |
| Parker (tx), County Of | 1.07% |
| Texas St Muni Gas Acquisition& | 1.06% |
| Hudson Yards Infrastructure Corp. (ny) | 1.04% |
| Toledo Oh Wtrwks Revenue | 1.01% |
| Las Vegas NV Convention & Visi | 0.99% |
TCNBX Portfolio Allocation
Asset-class allocation of Ambrus Tax-Conscious National Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 94.2% |
| Equity | 3.9% |
| Cash & Equivalents | 2.0% |
| Securitized | 1.1% |
TCNBX Performance
Total returns for TCNBX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.9% |
| 1 year | 5.2% |
| 3 years (annualised) | 4.2% |
TCNBX Risk Information
Risk metrics for TCNBX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.1%
TCNBX Costs and Fees
TCNBX costs about $51 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.51%
- Gross expense ratio: 0.51%
- Portfolio turnover: 26%
- Brokerage commissions: 0.11 bps of average net assets (SEC N-CEN)
TCNBX Cashflows
Over the 12 months to 2026-06, Ambrus Tax-Conscious National Bond Fund had net inflows of $112.50M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $11.03M |
| 2026-05 | $16.74M |
| 2026-04 | −$1.50M |
| 2026-03 | $6.09M |
| 2026-02 | −$24.30M |
| 2026-01 | $5.54M |
TCNBX Debt Constituents
Largest debt holdings of Ambrus Tax-Conscious National Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Of America - Bureau Of The Public Debt | 1.92% |
| United States Of America - Bureau Of The Public Debt | 1.62% |
| Minnesota Municipal Gas Agency (mn) | 1.48% |
| Parker (tx), County Of | 1.07% |
| Texas St Muni Gas Acquisition& | 1.06% |
| Hudson Yards Infrastructure Corp. (ny) | 1.04% |
| Toledo Oh Wtrwks Revenue | 1.01% |
| Las Vegas NV Convention & Visi | 0.99% |
| Main Street Natural Gas, Inc. (ga) | 0.97% |
| New York City Transitional Finance Authority (the) (ny) | 0.93% |
TCNBX Prospectus and SEC Filings
Official Ambrus Tax-Conscious National Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-01-28
- Prospectus (485BPOS) — filed 2025-01-28
- Prospectus supplement (497) — filed 2026-02-06
- Portfolio holdings (N-PORT) — filed 2026-08-21
- Portfolio holdings (N-PORT) — filed 2026-05-26
- Portfolio holdings (N-PORT) — filed 2026-02-25
- Annual census (N-CEN) — filed 2025-12-15
- Annual census (N-CEN) — filed 2023-12-14
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.