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Morningstar

Robinson Tax Advantaged Income Instl ROBNX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 8.61  /  0.12 %
  • Total Assets 189.1 Mil
  • Adj. Expense Ratio
    1.250%
  • Expense Ratio 2.600%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 3.13%
  • Effective Duration 9.01 years

USD | NAV as of Jan 28, 2023 | 1-Day Return as of Jan 28, 2023, 1:00 AM GMT+00:00

Morningstar’s Analysis ROBNX

Will ROBNX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ROBNX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the ROBNX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of ROBNX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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Robinson Tax Advantaged Income Instl earns a Morningstar Quantitative Rating of Negative on the basis of subpar Parent and People Pillar ratings. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

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