Returns Chart

Key Stats

Net Expense Ratio Total Assets Under Management Weighted Average Dividend Yield Turnover Ratio (Generic)
5.16% -- -- 50.00%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized Total Returns Since Inception (Daily) Max Drawdown (Since Inception)
-- 7.67%

Basic Info

Investment Strategy
The Fund seeks to provide current income. It will invest in a portfolio of commercial real estate-related securities. Commercial real estate-related securities include first-lien mortgages and senior secured mortgages, each backed by commercial real estate assets in the US and other real estate related debt securities.
General
Security Type Unlisted Closed-End Fund
Equity Style --
Broad Asset Class Sector Equity
Broad Category Equity
Global Peer Group Equity Sector Real Estate US
Peer Group Real Estate Funds
Global Macro Equity Real Estate
US Macro Sector Equity Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Real Estate Funds
Fund Owner Firm Name Redwood
Broad Asset Class Benchmark Index
^MSWNTR 100.0%

View Basic Info
Start Trial

Net Fund Flows Versus Peer Group

View Net Fund Flows Versus Peer Group
Start Trial
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
No Data Available
1 Month
% Rank: --
-145.90M Peer Group Low
165.86M Peer Group High
1 Year
% Rank: --
-820.80M Peer Group Low
1.292B Peer Group High
3 Months
% Rank: --
-393.08M Peer Group Low
299.51M Peer Group High
3 Years
% Rank: --
-6.018B Peer Group Low
2.276B Peer Group High
6 Months
% Rank: --
-492.48M Peer Group Low
633.51M Peer Group High
5 Years
% Rank: --
-5.561B Peer Group Low
4.110B Peer Group High
YTD
% Rank: --
-393.08M Peer Group Low
299.51M Peer Group High
10 Years
% Rank: --
-7.262B Peer Group Low
6.610B Peer Group High
Date Unavailable

Performance Versus Peer Group

 
20%
15%
10%
5%
0
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
Peer Group Rtn. (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
% Rank in Peer Group (NAV)
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
View Performance Versus Peer Group
Start Trial

Annual Total Returns Versus Peers

Loading chart...
Name
2019
2020
2021
2022
2023
2024
2025
YTD
--
--
--
--
--
8.09%
7.72%
1.91%
27.67%
15.90%
21.82%
-18.14%
23.79%
18.67%
21.09%
-2.31%
7.37%
1.37%
21.61%
9.84%
-11.70%
-6.79%
-1.01%
--
22.40%
-11.60%
44.31%
-26.40%
13.31%
7.54%
3.16%
6.14%
31.53%
-4.06%
40.18%
-21.43%
10.15%
9.08%
-9.36%
6.71%
30.88%
1.21%
39.22%
-28.86%
12.07%
5.13%
1.94%
5.10%
As of April 04, 2026.

Fundamentals

General
Distribution Yield --
Dividend Yield TTM (4-1-26) 7.28%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings 320
Bond
Yield to Maturity (12-31-25) --
Effective Duration --
Average Coupon --
Calculated Average Quality --
Effective Maturity --
Nominal Maturity --
Number of Bond Holdings 318
As of December 31, 2025

Asset Allocation

As of December 31, 2025.
Type % Net
Cash 0.75%
Stock 0.00%
Bond 173.4%
Convertible 0.00%
Preferred 0.00%
Other -74.11%
View Asset Allocation
Start Trial

Top 10 Holdings

Name % Weight Price % Change
Carlisle New York Apartments LLC FRN 08-May-2026
11.79% -- --
Rrcap FA Shingletree Llc FRN 01-Feb-2026
9.67% -- --
The Mall at Johnson City FRN 24-Nov-2028
3.46% -- --
ZDJ W 37 LLC FRN 04-Mar-2027
3.32% -- --
McRopp New York Royal44 FRN 30-Aug-2026
3.00% -- --
1600 North 11 FRN 26-Apr-2026
2.98% -- --
Greyhawk SSOF Ruckus Lend LLC FRN 10-May-2026
2.76% -- --
2nd & Steele LLC FRN 14-Jul-2028
2.04% -- --
Imagine WV FRN 24-Jul-2026
1.79% -- --
Danva Prosper Fontanarosa Homes LLC FRN 01-Jun-2026
1.74% -- --

Fees & Availability

Fees
Actual 12B-1 Fee --
Actual Management Fee 2.22%
Administration Fee 240.0K%
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee --
General Availability
Available for Insurance Product No
Available for RRSP No
Purchase Details
Open to New Investors Yes
Minimum Initial Investment 1000.00 None
Minimum Subsequent Investment 0.00 None

Basic Info

Investment Strategy
The Fund seeks to provide current income. It will invest in a portfolio of commercial real estate-related securities. Commercial real estate-related securities include first-lien mortgages and senior secured mortgages, each backed by commercial real estate assets in the US and other real estate related debt securities.
General
Security Type Unlisted Closed-End Fund
Equity Style --
Broad Asset Class Sector Equity
Broad Category Equity
Global Peer Group Equity Sector Real Estate US
Peer Group Real Estate Funds
Global Macro Equity Real Estate
US Macro Sector Equity Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Real Estate Funds
Fund Owner Firm Name Redwood
Broad Asset Class Benchmark Index
^MSWNTR 100.0%

View Basic Info
Start Trial

Fundamentals

General
Distribution Yield --
Dividend Yield TTM (4-1-26) 7.28%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings 320
Bond
Yield to Maturity (12-31-25) --
Effective Duration --
Average Coupon --
Calculated Average Quality --
Effective Maturity --
Nominal Maturity --
Number of Bond Holdings 318
As of December 31, 2025

Fund Details

Key Dates
Launch Date 6/23/2023
Attributes
Inverse Fund No
Leveraged Fund --
Currency Hedged Fund --
Socially Responsible Fund No

Top Portfolio Holders

Name % Weight
Portfolio A 5.00%
Portfolio B 3.50%
Portfolio C 2.25%
View Top Portfolio Holders
Start Trial