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.
Redwood Managed Municipal Income I RWMIX
- NAV / 1-Day Return 14.37 / 0.00
- Total Assets 140.5 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 3.77%
- Effective Duration 10.32 years
USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 2024, 12:43 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 97.5
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Nuveen High Yield Municipal Bond I | 28.06 | 41.7 Mil | — |
Invesco High Yield Municipal Y | 26.42 | 39.2 Mil | — |
Redwood Real Estate Income Fund | 12.02 | 17.9 Mil | — |
Goldman Sachs High Yield Muni Instl | 9.27 | 13.8 Mil | — |
MFS Municipal High Income I | 9.27 | 13.8 Mil | — |
Invesco Rochester® Municipal Opps Y | 6.14 | 9.1 Mil | — |
Lord Abbett High Income Muni Bond I | 6.10 | 9.1 Mil | — |
Us Bank Mmda - Usbgfs 9 | 2.06 | 3.1 Mil | Cash and Equivalents |
JPMorgan Municipal Money Market Agency | 0.14 | 201,090 | Cash and Equivalents |
JPMorgan Tax-Free MMkt Agency | 0.14 | 201,079 | Cash and Equivalents |