Robinson Tax Advantaged Income A (ROBAX)
| Fund Assets | 222.66M |
| Expense Ratio | 3.17% |
| Min. Investment | $2,500 |
| Turnover | 48.00% |
| Dividend (ttm) | 0.41 |
| Dividend Yield | 4.63% |
| Dividend Growth | 36.94% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 19, 2025 |
| Previous Close | 8.58 |
| YTD Return | -2.27% |
| 1-Year Return | -4.84% |
| 5-Year Return | 15.22% |
| 52-Week Low | 8.25 |
| 52-Week High | 9.20 |
| Beta (5Y) | n/a |
| Holdings | 60 |
| Inception Date | Sep 30, 2014 |
About ROBAX
The Robinson Tax Advantaged Income Fund Class A is an open-end mutual fund designed to provide investors with a diversified stream of income, with a substantial portion exempt from federal income taxes, making it particularly relevant for those seeking municipal bond exposure in a tax-efficient manner. The fund primarily invests in closed-end funds (CEFs) that focus on municipal bonds issued by U.S. states, territories, and their political subdivisions, leveraging the potential for capital appreciation and consistent income by identifying and selectively purchasing CEFs at discounts to their net asset value. The portfolio is actively managed with a disciplined approach to credit analysis and risk mitigation, including hedging strategies to address interest rate sensitivity and broader market volatility. The fund’s effective duration is notable at approximately 11.75 years, reflecting its focus on the longer end of the municipal bond market. With its high expense ratio and front-end sales charge, potential investors should carefully consider the fund’s fee structure relative to its investment strategy and peer group. The fund plays a distinct role in the municipal bond market by offering access to a broad spectrum of issuers and sectors through a unique, actively managed fund-of-funds approach.
Performance
ROBAX had a total return of -4.84% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.38%.
Top 10 Holdings
41.75% of assets| Name | Symbol | Weight |
|---|---|---|
| Invesco Municipal Opportunity Trust | VMO | 6.81% |
| Invesco Trust for Investment Grade Municipals | VGM | 4.85% |
| BlackRock Municipal Income Trust | BFK | 4.78% |
| Invesco Municipal Trust | VKQ | 4.50% |
| BlackRock Municipal Income Trust II | BLE | 4.43% |
| Invesco Advantage Municipal Income Trust II | VKI | 4.17% |
| BlackRock MuniHoldings California Quality Fund, Inc. | MUC | 3.37% |
| BlackRock MuniYield Michigan Quality Fund, Inc. | MIY | 3.08% |
| Invesco Quality Municipal Income Trust | IQI | 2.98% |
| Nuveen Quality Municipal Income Fund | NAD | 2.79% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 19, 2025 | $0.03585 | Aug 19, 2025 |
| Jul 18, 2025 | $0.03663 | Jul 18, 2025 |
| Jun 18, 2025 | $0.03779 | Jun 18, 2025 |
| May 20, 2025 | $0.03632 | May 20, 2025 |
| Apr 17, 2025 | $0.03952 | Apr 17, 2025 |
| Mar 20, 2025 | $0.03909 | Mar 20, 2025 |