ROBDX Fees and Costs — Robinson Tax Advantaged Income Fund
Data updated: 2026-08-27
The net expense ratio is 3.17% (3.24% before fee waivers). This share class carries a maximum front-end sales load of 2.50%. In fiscal 2025 the fund paid $798K in broker commissions, 0.3402% of average net assets, and portfolio turnover was 121%.
ROBDX Fees and Expenses
Annual operating expenses and sales charges of ROBDX. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.10% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.34% |
| Gross expense ratio | 3.24% |
| Fee waiver | −0.07% |
| Net expense ratio | 3.17% |
| Sales charges | |
|---|---|
| Max front load | 2.50% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
ROBDX Costs Over Time
On $10,000 invested in ROBDX, assuming 5% a year before costs, total costs come to $2,355 over 5 years, cutting the return by 4.20% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $250 | $250 | $250 |
| Fund expenses (net expense ratio 3.17%) | $325 | $986 | $1,666 |
| Trading costs (broker commissions) | $35 | $106 | $179 |
| Lost growth on money paid in costs | $12 | $94 | $260 |
| Total costs | $622 | $1,437 | $2,355 |
| Value after costs | $9,878 | $10,140 | $10,408 |
| Impact on return, per year | 6.22% | 4.54% | 4.20% |
ROBDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.3402%
- Total broker commissions: $798K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 121%
- Securities lending: none during the year
ROBDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JONESTRADING INSTITUTIONAL SERVICES LLC | $312K | 40.69% |
| THE BENCHMARK COMPANY, LLC | $144K | 18.80% |
| CLEAR STREET LLC | $79K | 10.23% |
| TMC BONDS L.L.C. | $56K | 7.34% |
| Meridian Equity Partners, Inc. | $56K | 7.28% |
| PIPER JAFFRAY & CO. | $39K | 5.02% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $36K | 4.64% |
| ADM SECURITIES, INC. | $22K | 2.86% |
| CAPITAL INSTITUTIONAL SERVICES, INC. | $12K | 1.57% |
| BIDS Trading, L.P. | $12K | 1.57% |
Robinson Tax Advantaged Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ROBNX | Institutional Class Shares | 2.67% | none |
| ROBAX | Class A | 2.92% | 3.75% |
| ROBDX | C000190706 | 3.17% | 2.50% |
| ROBCX | Class C | 3.67% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.