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Morningstar

Redwood Managed Municipal Income I RWMIX

Morningstar Medalist Rating
Medalist Rating as of | See Redwood Asset Investment Hub
  • NAV / 1-Day Return 14.15  /  0.00
  • Total Assets 153.3 Mil
  • Adj. Expense Ratio
    1.650%
  • Expense Ratio 1.650%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.23%
  • Effective Duration 10.30 years

USD | NAV as of May 21, 2024 | 1-Day Return as of May 21, 2024, 12:12 AM GMT+0

Morningstar’s Analysis RWMIX

Will RWMIX 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 RWMIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the RWMIX 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 RWMIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Redwood Managed Municipal Income I's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings RWMIX

More RWMIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 98.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Nuveen High Yield Municipal Bond I

28.43 43.9 Mil
—

Invesco High Yield Municipal Y

27.10 41.9 Mil
—

Redwood Real Estate Income Fund

11.53 17.8 Mil
—

Goldman Sachs High Yield Muni Instl

9.46 14.6 Mil
—

MFS Municipal High Income I

9.44 14.6 Mil
—

Invesco Rochester® Municipal Opps Y

6.29 9.7 Mil
—

Lord Abbett High Income Muni Bond I

6.25 9.7 Mil
—

Us Bank Mmda - Usbgfs 9

0.95 1.5 Mil
Cash and Equivalents

Cash & Cash Equivalents

0.32 489,503
Cash and Equivalents

Nuveen High Yld Muni

0.09 143,588
—