Robinson Tax Advantaged Income Instl (ROBNX)
| Fund Assets | 222.66M |
| Expense Ratio | 2.92% |
| Min. Investment | $1,000,000 |
| Turnover | 48.00% |
| Dividend (ttm) | 0.43 |
| Dividend Yield | 5.05% |
| Dividend Growth | 34.09% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 19, 2025 |
| Previous Close | 8.55 |
| YTD Return | -2.61% |
| 1-Year Return | -4.49% |
| 5-Year Return | 15.96% |
| 52-Week Low | 8.24 |
| 52-Week High | 9.19 |
| Beta (5Y) | 0.43 |
| Holdings | 60 |
| Inception Date | Sep 30, 2014 |
About ROBNX
The Robinson Tax Advantaged Income Fund Institutional Class is a mutual fund that primarily focuses on delivering total return with a strong emphasis on providing regular income, much of which is exempt from federal income taxes. This fund is categorized under muni national long portfolios, investing mainly in municipal bonds that finance state and local government public projects. By accessing the municipal bond market through medium of closed-end funds, the fund seeks to capture opportunities to purchase these bonds at discounts to their net asset value, which can potentially enhance yield and capital appreciation. A hallmark of the fund’s approach is a diversified portfolio of municipal bond closed-end funds, managed with a disciplined strategy that prioritizes risk management and limits interest rate exposure through strategic hedging. The fund also strives to monetize inefficiencies in the closed-end fund market, providing broad diversification across issuers, sectors, and geographies. Its income is distributed monthly, and it is managed with a commitment to avoiding volatility and minimizing risk. The fund is typically utilized by investors seeking a tax-advantaged stream of steady income and potential long-term growth, serving an important role in income-oriented and tax-sensitive investment portfolios.
Performance
ROBNX had a total return of -4.49% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.58%.
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 | $0.03764 | Aug 19, 2025 |
| Jul 18, 2025 | $0.03843 | Jul 18, 2025 |
| Jun 18, 2025 | $0.03953 | Jun 18, 2025 |
| May 20, 2025 | $0.03816 | May 20, 2025 |
| Apr 17, 2025 | $0.04124 | Apr 17, 2025 |
| Mar 20, 2025 | $0.04072 | Mar 20, 2025 |