TCNYX Performance — Ambrus Tax-Conscious National Bond Fund
Data updated: 2026-08-21
TCNYX returned +1.88% year to date and +5.18% over one year to Jun 2026. The annualised 3-year return is +4.18%. Against its Intermediate Municipal Bond category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $113, against $111 for the category, and to $105 over one year, against $106. Volatility over the past three years was 3.16% a year. In the 12 months to Jun 2026 the fund took in a net $112.5M, and assets reached $470.72M. Returns are those of sibling share class TCNBX; this class's own returns are not reported in filings.
TCNYX Growth of $100
What $100 invested in Ambrus Tax-Conscious National Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | TCNYX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $105 | $106 |
| 3 years (Jul 2023 – Jun 2026) | $113 | $111 |
| Since data start (Oct 2022 – Jun 2026) | $117 | $117 |
TCNYX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.88% |
| 1 year | +5.18% |
| 3 years (annualised) | +4.18% |
TCNYX Annual Returns
Calendar-year total returns of Ambrus Tax-Conscious National Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +1.88% |
| 2025 | +4.28% |
| 2024 | +3.24% |
| 2023 | +4.56% |
| 2022 (Oct–Dec) | +1.78% |
TCNYX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.5% | +0.8% | −1.1% | +0.9% | +0.3% | +0.5% | — | — | — | — | — | — |
| 2025 | +0.4% | +0.8% | −0.8% | −0.5% | +0.3% | +0.7% | −0.1% | +0.7% | +1.3% | +0.6% | +0.4% | +0.2% |
| 2024 | +0.1% | +0.1% | +0.2% | −0.6% | +0.2% | +1.0% | +0.8% | +0.8% | +0.8% | −0.8% | +1.0% | −0.6% |
| 2023 | +2.5% | −1.6% | +0.5% | +0.2% | −0.7% | +0.5% | +0.5% | −0.4% | −1.6% | −0.8% | +3.6% | +1.7% |
| 2022 | — | — | — | — | — | — | — | — | — | −0.7% | +2.0% | +0.5% |
TCNYX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 3.16%
- 3-year Sharpe ratio: -0.10 (vs 4.5% risk-free rate)
- Best month: +3.64% (Nov 2023)
- Worst month: −1.59% (Sep 2023)
TCNYX Fund Flows
Monthly money in and out of Ambrus Tax-Conscious National Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $112.5M
- 12-month gross sales (incl. reinvestments): $215.3M
- Sales ÷ redemptions: 2.09×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $16.2M | $5.2M | $11.0M |
| May 2026 | $19.7M | $3.0M | $16.7M |
| Apr 2026 | $10.0M | $11.5M | −$1.5M |
| Mar 2026 | $15.1M | $9.0M | $6.1M |
| Feb 2026 | $11.1M | $35.4M | −$24.3M |
| Jan 2026 | $10.6M | $5.0M | $5.5M |
| Dec 2025 | $34.3M | $9.5M | $24.8M |
| Nov 2025 | $20.0M | $3.1M | $16.9M |
| Oct 2025 | $13.6M | $3.1M | $10.5M |
| Sep 2025 | $9.5M | $6.3M | $3.2M |
| Aug 2025 | $40.0M | $9.3M | $30.7M |
| Jul 2025 | $15.2M | $2.4M | $12.8M |
TCNYX Assets Under Management
Net assets of Ambrus Tax-Conscious National Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $470.72M |
| 2026-03-31 | $440.82M |
| 2025-12-31 | $456.68M |
| 2025-09-30 | $403.52M |
| 2025-06-30 | $352.87M |
| 2025-03-31 | $334.41M |
| 2024-12-31 | $317.60M |
| 2024-09-30 | $297.23M |
| 2024-06-28 | $276.26M |
| 2024-03-28 | $241.32M |
| 2023-12-29 | $207.08M |
| 2023-09-29 | $179.75M |
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.