Tax-Advantaged Social Infrastructure Fund

Target portfolio allocation

Sector highlights

Healthcare Housing Education Other opportunities
  • Hospitals
  • Medical care center
    • Rehabilitation
    • Psychiatric
    • Substance abuse
  • Long-term care facility
  • Senior living
  • Student housing
  • Military housing
  • Charter schools
  • Vocational/technical schools
  • Community/junior colleges
  • Industrial infrastructure/ utility projects
    • Water treatment plants
    • Recycling centers
    • Waste-to-energy
  • Social services
  • Non-profit/human service providers

TSIFX Details

As of 11/15/2018

  • NAV
  • $9.95
  • $ 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 fee2,3
  • 1.25%
  • Gross expense ratio3,4
  • 1.89%
  • Net expense ratio2,3,4
  • 1.50%

  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. Expenses are based on managed assets as found on page 43 of the most recent statutory prospectus.
  4. 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.