Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.
Redwood Managed Municipal Income I RWMIX
- NAV / 1-Day Return 14.13 / −0.03 %
- Total Assets 152.5 Mil
-
Adj. Expense Ratio
- 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 2.82%
- Effective Duration 10.54 years
USD | NAV as of Mar 29, 2024 | 1-Day Return as of Mar 29, 2024, 12:14 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.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 11.9
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
BlackRock Liquidity MuniCash Instl | 28.81 | 49.3 Mil | Cash and Equivalents |
JPMorgan Tax-Free MMkt Agency | 27.83 | 47.6 Mil | Cash and Equivalents |
JPMorgan Municipal Money Market Agency | 27.82 | 47.6 Mil | Cash and Equivalents |
Redwood Real Estate Income Fund | 11.71 | 20.0 Mil | — |
Us Bank Mmda - Usbgfs 9 | 3.60 | 6.2 Mil | Cash and Equivalents |
Nuveen High Yld Muni | 0.07 | 126,428 | — |
Invesco Hi Yld Muni | 0.07 | 112,590 | — |
Us Dollars | 0.04 | 60,000 | Cash and Equivalents |
Cash | 0.01 | 22,575 | Cash and Equivalents |
Nuveen High Yield Municipal Bond I | 0.01 | 20,659 | — |