Morningstar

Ambrus Tax-Conscious National Bond Fund Institutional Class

Morningstar Medalist Rating
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Medalist Rating as of See Ambrus Funds Investment Hub
  • NAV / 1-Day Return $9.80  /  +0.10 %
  • Fund Size $561.4M
  • Adjusted Expense Ratio 0.510%
  • Net Expense Ratio 0.500%
  • Fee Level: Distribution Above Average
  • Share Class Type Institutional
  • Morningstar Category Short-Term Bond
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $10,000
  • Investment Status Open
  • TTM Yield 4.08%
  • Average Effective Duration —
NAV and 1-Day Return as of

Morningstar’s Analysis

Will Ambrus Tax-Conscious National Bond Fund Institutional Class 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 Ambrus Tax-Conscious National Bond Fund Institutional Class’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the Ambrus Tax-Conscious National Bond Fund Institutional Class 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 Ambrus Tax-Conscious National Bond Fund Institutional Class’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 Natl 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

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Portfolio Holdings

More Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 12.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BNY Dreyfus Govt Cash Mgmt Instl

1.98 9M
Cash and Equivalents

United States Treasury Notes 0.5%

1.91 9M
Government

United States Treasury Notes 3.5%

1.62 8M
Government

MINNESOTA MUN GAS AGY GAS PROJ REV 5%

1.47 7M
municipal

State Street® SPDR® Port Hi Yld Bd ETF

1.07 5M
—

PARKER CNTY TEX 5%

1.07 5M
municipal

TEXAS MUN GAS ACQUISITION & SUPPLY CORP III GAS SUPPLY REV 5%

1.05 5M
municipal

HUDSON YDS INFRASTRUCTURE CORP N Y SECOND INDENTURE REV 5%

1.03 5M
municipal

TOLEDO OHIO WTRWKS REV 5%

1.01 5M
municipal

LAS VEGAS NEV CONVENTION & VISITORS AUTH CONVENTION CTR EXPANSION REV 5.25%

0.98 5M
municipal

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