Robinson Tax Advantaged Income Fund (ROBNX)
The investment seeks total return with an emphasis on providing current income, a substantial portion of which will be exempt from federal income taxes. Under normal market conditions, the fund pursues its investment objective by investing primarily in closed-end registered investment companies ("closed-end funds" or "CEFs") that invest primarily in municipal bonds. The CEFs, Mutual Funds and ETFs in which the fund invests invest primarily in investment grade municipal bonds, with an average rating of at least Baa3 or higher by Moody's or BBB- or higher by Standard & Poor's or Fitch Ratings.
Fund Info
US46141Q3039
46141Q303
Sep 29, 2014
$1,000,000
Expense Ratio
ROBNX has a high expense ratio of 1.33%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Robinson Tax Advantaged Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Robinson Tax Advantaged Income Fund had a return of 2.72% year-to-date (YTD) and 7.87% in the last 12 months. Over the past 10 years, Robinson Tax Advantaged Income Fund had an annualized return of 2.59%, while the S&P 500 had an annualized return of 11.26%, indicating that Robinson Tax Advantaged Income Fund did not perform as well as the benchmark.
ROBNX
2.72%
1.01%
2.67%
7.87%
1.53%
2.59%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of ROBNX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.26% | 2.72% | |||||||||||
| 2024 | 1.25% | 1.71% | 1.12% | -1.62% | 1.73% | 3.45% | 0.75% | 0.96% | 2.32% | -1.78% | 2.49% | -3.61% | 8.90% |
| 2023 | 3.83% | -3.71% | 0.83% | -1.10% | -1.97% | 2.72% | 1.65% | -3.92% | -4.52% | -1.07% | 10.07% | 1.83% | 3.80% |
| 2022 | -3.58% | -0.99% | -2.55% | -4.29% | 2.88% | -3.91% | 3.09% | -1.02% | -4.07% | -1.36% | 9.18% | -2.07% | -9.13% |
| 2021 | 2.07% | -0.36% | 2.88% | 1.57% | 1.86% | 0.86% | 0.33% | -0.06% | -1.10% | -0.50% | 0.92% | -4.22% | 4.14% |
| 2020 | 1.59% | -2.64% | -10.49% | -3.76% | 6.01% | 1.57% | 3.96% | -1.05% | -0.86% | 0.08% | 5.32% | 2.10% | 0.69% |
| 2019 | 5.07% | 2.31% | 1.17% | 1.04% | 0.19% | 0.82% | 2.82% | -0.48% | -0.26% | -0.48% | 0.78% | 1.31% | 15.13% |
| 2018 | -2.83% | 0.17% | -1.17% | 0.45% | 1.20% | 0.12% | 0.76% | 0.11% | -1.74% | -3.10% | 1.81% | -2.01% | -6.18% |
| 2017 | 1.80% | -0.15% | -0.27% | 0.97% | 1.47% | -0.38% | 2.08% | -0.69% | 0.03% | -1.84% | 0.13% | 0.78% | 3.92% |
| 2016 | 0.29% | 0.13% | 2.42% | 2.71% | -0.05% | 2.07% | 0.24% | -0.64% | -0.51% | -4.97% | -3.19% | 1.28% | -0.50% |
| 2015 | 2.72% | -1.02% | -0.30% | 0.60% | -2.59% | -1.65% | 0.63% | -0.32% | 1.04% | 3.03% | 0.93% | 2.55% | 5.59% |
| 2014 | 0.69% | -1.15% | 2.00% | 1.52% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ROBNX is 68, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Robinson Tax Advantaged Income Fund (ROBNX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Robinson Tax Advantaged Income Fund provided a 3.91% dividend yield over the last twelve months, with an annual payout of $0.35 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.36 | $0.23 | $0.26 | $0.29 | $0.29 | $0.31 | $0.37 | $0.39 | $0.44 | $0.48 | $0.12 |
Dividend yield | 3.91% | 4.13% | 2.70% | 3.15% | 3.01% | 3.12% | 3.26% | 4.27% | 4.11% | 4.62% | 4.73% | 1.21% |
Monthly Dividends
The table displays the monthly dividend distributions for Robinson Tax Advantaged Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.00 | $0.04 | ||||||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.36 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2021 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.29 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.29 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.31 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.37 |
| 2017 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2016 | $0.05 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.44 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.48 |
| 2014 | $0.04 | $0.05 | $0.04 | $0.12 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Robinson Tax Advantaged Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Robinson Tax Advantaged Income Fund was 27.51%, occurring on Mar 23, 2020. Recovery took 215 trading sessions.
The current Robinson Tax Advantaged Income Fund drawdown is 0.99%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.51% | Feb 20, 2020 | 23 | Mar 23, 2020 | 215 | Jan 28, 2021 | 238 |
| -21.29% | Jul 14, 2021 | 574 | Oct 23, 2023 | 235 | Sep 30, 2024 | 809 |
| -11.28% | Jul 12, 2016 | 617 | Dec 20, 2018 | 137 | Jul 10, 2019 | 754 |
| -6.34% | Feb 4, 2015 | 140 | Aug 24, 2015 | 81 | Dec 17, 2015 | 221 |
| -4.7% | Dec 4, 2024 | 14 | Dec 23, 2024 | — | — | — |
Volatility
Volatility Chart
The current Robinson Tax Advantaged Income Fund volatility is 1.74%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.