Robinson Tax Advantaged Income Fund Generates Tax Exempt IncomeBy Timothy Reick

Introduction• Timothy Reick serves as the CEO of HRC Portfolio

Solutions, an investment products and services firm with headquarters in New York, New York. In 2007, Timothy Reick co-founded Liberty Street Advisors, a registered investment advising firm that manages Liberty Street Funds. Liberty Street Funds provides investors with a series of mutual funds, such as the Robinson Tax Advantaged Income Fund.

An open-end mutual fund that invests primarily in Closed-End Funds (CEF), the Robinson Tax Advantaged Income Fund (the Fund) is designed to seek total return, which includes interest, dividends, capital gains, and distributions acquired over a given period of time.

Tax Exempt Income• Additionally, a substantial portion of income

generated to the Fund will be exempt from federal income taxes via the underlying CEF’s investments in mutual bonds.

The fund's Sub-advisor employs a team of experienced professional investors with particular knowledge of CEF and mutual bond markets to generate income. The team’s strategy involves identifying Municipal CEF portfolios that generate tax-advantaged income utilizing a number of trading techniques.

Conclusion• The Robinson Fund focuses on Municipal CEFs

for a variety of reasons. They allow access to diversified municipal bond portfolios that reduce the impact of issue-specific credit problems, and their features are typically more liquid than individual municipal bonds.

To learn more about the Robinson Tax Advantaged Income Fund, visit Liberty Street Funds’ website at libertystreetfunds.com/mutual-funds/robinson-tax-advantaged-income-fund.