Robinson Tax Advantaged Income Fund (ROBAX, ROBCX, ROBNX)

PERFORMANCE

As of 06/30/2017One MonthQuarterYTD (monthly)One YearCumulative ITD
A Shares0.63%3.05%4.29%-3.17%11.38%
A Shares w/Load-3.13%-0.86%0.43%-6.76%4.98%
C Shares0.56%2.86%3.90%-3.88%9.11%
I Shares0.65%3.12%4.53%-2.92%12.15%
Bloomberg Barclays Short-Intermediate 1-10 Year Muni Bond Index-0.34%1.21%2.76%0.27%5.30%

Performance data quoted represents past performance and is no guarantee of future results. Total return figures include the reinvestment of dividends and capital gains. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. For the most recent month end performance, please call (800) 207-7108. Returns showing less than one year are cumulative. Per the Fund’s current prospectus dated May 1, 2017 the gross operating expense ratio for the Class A, C, T, and Institutional Shares are 3.24%, 3.99%, 3.24% and 2.99%, respectively. The total net annual fund operating expenses after fee waiver and/or expense reimbursements are 3.11%, 3.86%, 3.11% and 2.86% for the Class A, C, T and Institutional Shares, respectively. The contractual agreement between the Fund and the Advisor for fee waiver and/or expense reimbursement is in effect until April 30, 2018. Without the contractual agreement, performance would have been lower. Performance results with load reflect the deduction for Class A Shares of the 3.75% maximum front end sales charge.  Class C Shares are subject to a contingent deferred sales charge of 1.00% when redeemed within 12 months of purchase. Performance presented without the load would be lower if this charge was reflected. Because of ongoing market volatility, Fund performance may be subject to substantial short term changes. *ITD represents inception-to-date; Inception 9/30/2014.

The Bloomberg Barclays Municipal Short-Intermediate 1-10 Years Index is an unmanaged index that measures the performance of municipal bonds with time to maturity of between one and ten years. One cannot invest directly in an index. One cannot invest directly in an index.

 

FUND ASSETS

As of 6/30/2017Net Assets
Robinson Tax Advantaged Income Fund$156,459,896