Robinson Tax Advantaged Income Fund Class A (ROBAX)

Fund Assets	227.47M
Expense Ratio	2.778%
Min. Investment	$2,500
Turnover	48.00%
Dividend (ttm)	0.34
Dividend Yield	4.13%
Dividend Growth	-16.74%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 18, 2026

Previous Close	8.07
YTD Return	-3.10%
1-Year Return	-1.70%
5-Year Return	2.03%
52-Week Low	8.05
52-Week High	9.05
Beta (5Y)	0.34
Holdings	40
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.

• Fund Family: Liberty Street
• Category: Muni National Long
• Performance Rating: High
• Risk Rating: High
• Stock Exchange: Nasdaq
• Ticker Symbol: ROBAX
• Share Class: Class A Shares
• Index: Bloomberg Municipal Short-Inter 1-10Y TR

Performance

ROBAX had a total return of -1.70% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.32%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
ROBNX	Institutional Class Shares	2.67%
ROBCX	Class C Shares	3.67%

Top 10 Holdings

63.11% of assets

Name	Symbol	Weight
BlackRock MuniHoldings Fund, Inc.	MHD	10.91%
BlackRock MuniYield Quality Fund, Inc.	MQY	8.38%
BlackRock MuniYield Quality Fund III, Inc.	MYI	8.06%
Other	n/a	7.52%
Eaton Vance Municipal Bond Fund	EIM	5.74%
BlackRock MuniHoldings California Quality Fund, Inc.	MUC	5.66%
BlackRock MuniYield New York Quality Fund, Inc.	MYN	4.90%
Aberdeen Municipal Income Fund	MFM	4.43%
Rivernorth Flex Muni Ii	n/a	3.89%
PIMCO Municipal Income Fund II	PML	3.60%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 18, 2026	$0.032	Sep 18, 2026
Aug 19, 2026	$0.03089	Aug 19, 2026
Jul 17, 2026	$0.03021	Jul 17, 2026
Jun 18, 2026	$0.02273	Jun 18, 2026
May 20, 2026	$0.040	May 20, 2026
Apr 17, 2026	$0.03116	Apr 17, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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