Applying the Break Apart function to a lettering object breaks it into a logical stitching sequence while maintaining lettering object characteristics. Object properties can be edited separately for single lines, single words, or even single characters. Stitching sequence is maintained. Similarly, if you apply Break Apart to monograms, they are broken into their component objects – lettering, ornaments and borders.
Each ornament set remains as a group as do borders. These too can be further broken apart.
To modify individual objects – e.g. to change the stitching sequence of monogram borders – use the Sequence docker to ungroup objects and sequence. See also Split objects.
Note: If all you want to do is recolor monogram components, you can do this by holding down the Alt key and clicking the component you want to modify.