Tax-Advantaged Social Infrastructure Fund

Distributions are accrued and declared daily and distributed on a quarterly basis, therefore distribution amounts will vary based on number of days the investment was held during the period.

Distributions from net investments, income, if any, are declared daily and paid quarterly. Distributions from net realized capital gain, if any, are declared and paid annually.

Distribution History

Ticker Payment Date Amount Short Term Long Term
TSIFX 9/28/2018 $0.087 N/A N/A
TSIFX 6/29/2018 $0.005 N/A N/A
Total   $0.092  

TSIFX Details

As of 12/12/2018

  • NAV
  • $9.96
  • $ Chg
  • $0.00
  • Inception Date
  • 3/26/2018
  • Objective
  • Total return and tax-advantaged income
  • Ticker
  • Cusip
  • 293859104
  • Minimum investment
  • $2,500
  • Max repurchase fee1
  • 2.00%
  • Max early withdrawal fee
  • None
  • Management fee2
  • 1.32%
  • Gross expense ratio3
  • 2.12%
  • Net expense ratio2,3
  • 1.71%

  1. The fund may impose repurchase fees of up to 2.00% on common shares accepted for repurchase. Payment of the repurchase fee is made by netting the fee against the repurchase proceeds. The repurchase fee is retained by the fund for the benefit of remaining shareholders. If a shareholder has made multiple purchases and tenders a portion of its common shares, the repurchase fee is calculated on a first-in/first-out basis.
  2. The advisor has contractually agreed to reimburse expenses of the fund so that certain of the fund’s expenses will not exceed 0.25% of managed assets (annualized) through February 29, 2020. Under the advisory agreement, the advisor receives compensation of 1.25% of our daily managed assets for the services rendered on an annual basis. 1.50% is the expense cap. Net expense ratio is as of the most recent prospectus and is applicable to investors.
  3. Reflects the issuance of leverage representing 5.00% of the fund’s total assets immediately after the incurrence of leverage, net of expenses, and the fund’s currently projected annual interest on its leverage of 2.50%. The fund's actual interest costs associated with leverage may differ from these estimates.