Redwood Tactical Tax-Aware (S:0P00017AK5)
11.46
0.00 (0.00%)
USD |
Jul 31 2023
Returns Chart
Sep '18
Jan '19
May '19
285.00
270.00
255.00
240.00
Key Stats
| Maximum Management Fee | Annualized Total Returns Since Inception (Daily) | Alpha (vs Category) (3Y) | Forecasted Dividend Yield |
|---|---|---|---|
| Upgrade | -- | Upgrade | -- |
| Total Market Value (Net) | Beta (vs Category) (3Y) | Max Drawdown (Since Inception) | Fwd Dividend Yield (Long) |
| Upgrade | Upgrade | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The investment objectives are to be invested primarily in municipal bond mutual funds when the market is trending upwards, and conversely, invested in money market, money market funds, or short-term government bond funds when the market is trending down. By initiating these tactical asset class changes, the strategy seek to reduce drawdowns, while seeking to capture short-term income, and potential long-term capital appreciation associated with bull market rallies. |
| General | |
| Security Type | Separately Managed Account |
| Equity Style | -- |
| Fixed Income Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Category Name | Nontraditional Bond |
| Category Index | ICE BofA USD 3M Dep OR CM TR USD |
| Global Category Name | Fixed Income Miscellaneous |
| YCharts Categorization | Global Fixed Income |
| YCharts Benchmark | Bloomberg Global Aggregate (^BBGATR) |
| Fund Owner Firm Name | Redwood Investment Management, LLC |
| Prospectus Benchmark Index | |
| Barclays Aggregate (Daily) | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
| Manager Tenure | |
| Michael Cheung | 8.75 yrs |
| Michael Messinger | 8.75 yrs |
Annual Total Returns Versus Peers
As of July 31, 2023.
*Indicates data for the year is incomplete.
Asset Allocation
Top 1 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| Redwood Managed Municipal Income I | 100.00% | 14.15 | -0.07% |
Fees & Availability
| Fees | |
| Negotiable Fee |
|
| Administrative Fee | -- |
| Maximum Management Fee | Upgrade |
| Prospectus Custodian Fee | -- |
| Trustee Fee | -- |
| Purchase Details | |
| Open to New Investors |
|
| Open to Existing Investors |
|
| Minimum Initial Investment | -- |
| Minimum Subsequent Investment | -- |
Basic Info
| Investment Strategy | |
| The investment objectives are to be invested primarily in municipal bond mutual funds when the market is trending upwards, and conversely, invested in money market, money market funds, or short-term government bond funds when the market is trending down. By initiating these tactical asset class changes, the strategy seek to reduce drawdowns, while seeking to capture short-term income, and potential long-term capital appreciation associated with bull market rallies. |
| General | |
| Security Type | Separately Managed Account |
| Equity Style | -- |
| Fixed Income Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Category Name | Nontraditional Bond |
| Category Index | ICE BofA USD 3M Dep OR CM TR USD |
| Global Category Name | Fixed Income Miscellaneous |
| YCharts Categorization | Global Fixed Income |
| YCharts Benchmark | Bloomberg Global Aggregate (^BBGATR) |
| Fund Owner Firm Name | Redwood Investment Management, LLC |
| Prospectus Benchmark Index | |
| Barclays Aggregate (Daily) | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
| Manager Tenure | |
| Michael Cheung | 8.75 yrs |
| Michael Messinger | 8.75 yrs |
Fundamentals
Fund Details
| Key Dates | |
| Inception Date | 8/3/2015 |
| Last Annual Report Date | -- |
| Last Prospectus Date | -- |
| Attributes | |
| Index Fund | No |
| Inverse Fund | No |
| Leveraged Fund | No |
| Fund of Funds | No |
| Currency Hedged Fund | No |
| Synthetic Replication Fund | No |
| Has Dividend Investment Plan | No |
| Socially Responsible Fund | No |