Redwood Managed Municipal Income Fund Class I (RWMIX)
| Fund Assets | 87.66M |
| Expense Ratio | 2.31% |
| Min. Investment | $10,000 |
| Turnover | 596.00% |
| Dividend (ttm) | 0.45 |
| Dividend Yield | 3.34% |
| Dividend Growth | -19.79% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 29, 2026 |
| Previous Close | 13.31 |
| YTD Return | 1.31% |
| 1-Year Return | -0.91% |
| 5-Year Return | -2.48% |
| 52-Week Low | 12.73 |
| 52-Week High | 13.48 |
| Beta (5Y) | n/a |
| Holdings | 23 |
| Inception Date | Mar 9, 2017 |
About RWMIX
Redwood Managed Municipal Income Fund Class I is a high-yield municipal bond mutual fund managed by Redwood as part of the Two Roads Shared Trust. Its core purpose is to deliver **tax-efficient income** while proactively managing downside risk through a **quantitative and tactical investment strategy**. The fund primarily invests in a diversified portfolio of municipal securities, targeting those with higher yields, and shifts exposure between high-yield municipal bonds and more liquid, low-risk municipal money market instruments based on market risk assessments. This approach aims to navigate fluctuating interest rate environments and maximize income exempt from regular federal income tax, though investors may be subject to the alternative minimum tax. The fund is designed for institutional investors, with a significant minimum investment requirement and monthly dividend payout frequency. Its role in the financial market is to provide diversification for income-oriented portfolios, particularly for those seeking alternatives to corporate debt, and it is especially relevant for retirement accounts seeking steady, tax-advantaged returns in a historically low rate environment.
Performance
RWMIX had a total return of -0.91% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.12%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| RWMNX | Class N | 2.56% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 29, 2026 | $0.092 | Jan 30, 2026 |
| Nov 26, 2025 | $0.0471 | Nov 28, 2025 |
| Oct 30, 2025 | $0.0548 | Oct 31, 2025 |
| Sep 29, 2025 | $0.0387 | Sep 30, 2025 |
| Aug 28, 2025 | $0.0218 | Aug 29, 2025 |
| Jul 30, 2025 | $0.0207 | Jul 31, 2025 |