TCNBX – Ambrus Tax-Conscious Natl Bd Inst Investment Strategy | Morningstar

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Strategy

The investment seeks to maximize total return net of federal taxes, consistent with preservation of capital and prudent investment management. Under normal circumstances, the fund will invest at least 80% of its net assets (plus any borrowings made for investment purposes) in fixed income securities and other related instruments with similar economic characteristics. At least 50% of the fund’s assets will be invested in tax-exempt municipal securities.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
—	Ambrus Tax-Conscious National Bond Fund Institutional Class	Institutional	Open			Sep 30, 2022	$500.62M	0.510%	Above Average	$10,000	$103.66M

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