Exhibit (i)(1)
The Atlantic Building
950 F Street, NW
Washington, DC 20004-1404
202-239-3300 | Fax: 202-239-3333
David J. Baum | Direct Dial: 202-239-3346 | E-mail: david.baum@alston.com |
April 30, 2025
Board of Trustees
Total Fund Solution
810 Gleneagles Court #106
Baltimore, MD 21286
Re: | Opinion of Counsel regarding Post-Effective Amendment No. 27 to Total Fund Solution’s Registration Statement Filed on Form N-1A under the Securities Act of 1933 (File No. 333-258648) |
Ladies and Gentlemen:
We have acted as counsel to Total Fund Solution, a Delaware statutory trust (the “Trust”), in connection with the filing of Post-Effective Amendment No. 27 to the Trust’s Registration Statement on Form N-1A (“Post-Effective Amendment No. 27”) with the U.S. Securities and Exchange Commission (“SEC”) pursuant to Rule 485(b) under the Securities Act of 1933, as amended (the “1933 Act”), registering an indefinite number of units of beneficial interest (“Shares”) of Cromwell CenterSquare Real Estate Fund, the Cromwell Long Short Fund (f/k/a the Cromwell Marketfield L/S Fund), the Cromwell Tran Focus Fund (f/k/a the Tran Sustainable Focus Fund, the Cromwell Foresight Global Infrastructure Fund (f/k/a/ the Foresight Global Sustainable Infrastructure Fund), the Cromwell Greenspring Mid Cap Fund, and the Cromwell Balanced Fund, each a series of the Trust (the “Funds”).
You have requested our opinion as to the matters set forth below in connection with the filing of the Post-Effective Amendment No. 27. In connection with rendering that opinion, we have examined the Post-Effective Amendment No. 27, the Declaration of Trust and any amendments thereto, the Certificate of Trust of the Trust, the Trust’s Bylaws, the actions of the Trustees of the Trust that authorize the approval of the foregoing documents, securities matters and the issuance of the Shares, and such other documents as we, in our professional opinion, have deemed necessary or appropriate as a basis for the opinion set forth below. In examining the documents referred to above, we have assumed the genuineness of all signatures, the legal capacity of all natural persons, the authenticity of documents purporting to be originals and the conformity to originals of all documents submitted to us as copies. As to questions of fact material to our opinion, we have relied (without investigation or independent confirmation) upon the representations contained in the above-described documents.
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Total Fund Solution
April 30, 2025
Page 2
Our opinion, as set forth herein, is based on the facts in existence and the laws in effect on the date hereof and is limited to the federal laws of the United States of America and the Delaware Statutory Trust Act. We express no opinion with respect to any other laws.
Based upon and subject to the foregoing and the qualifications set forth below, we are of the opinion that:
1. The Shares of each of the Funds to be issued pursuant to the Post-Effective Amendment No. 27 have been duly authorized for issuance by the Trust.
2. When issued and paid for upon the terms provided in the Post-Effective Amendment No. 27, subject to compliance with the 1933 Act, the Investment Company Act of 1940, as amended, and all other laws relating to the sale of securities, the Shares of the Funds to be issued pursuant to the Post-Effective Amendment No. 27 will be validly issued, fully paid and non-assessable.
This opinion is rendered solely for your use in connection with the filing of the Post-Effective Amendment No. 27. We hereby consent to the filing of this opinion with the SEC in connection with Post-Effective Amendment No. 27 and to the use of our firm’s name in the Registration Statement.
Sincerely, | ||
ALSTON & BIRD LLP | ||
By: | /s/ David J. Baum | |
A Partner |