Robinson Tax Advantaged Income Fund Institutional Class (ROBNX)

Fund Assets	227.47M
Expense Ratio	2.722%
Min. Investment	$1,000,000
Turnover	48.00%
Dividend (ttm)	0.36
Dividend Yield	4.38%
Dividend Growth	-15.84%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 18, 2026

Previous Close	8.07
YTD Return	-2.90%
1-Year Return	-1.48%
5-Year Return	3.28%
52-Week Low	8.05
52-Week High	9.05
Beta (5Y)	0.44
Holdings	40
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.

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

Performance

ROBNX had a total return of -1.48% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.56%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
ROBAX	Class A Shares	2.92%
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	$0.03375	Sep 18, 2026
Aug 19, 2026	$0.0329	Aug 19, 2026
Jul 17, 2026	$0.03213	Jul 17, 2026
Jun 18, 2026	$0.02456	Jun 18, 2026
May 20, 2026	$0.04201	May 20, 2026
Apr 17, 2026	$0.03297	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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