Redwood Managed Municipal Income Fund Class I (RWMIX)
| Fund Assets | 84.81M |
| Expense Ratio | 1.64% |
| Min. Investment | $10,000 |
| Turnover | 596.00% |
| Dividend (ttm) | 0.47 |
| Dividend Yield | 3.58% |
| Dividend Growth | -12.54% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 30, 2026 |
| Previous Close | 13.05 |
| YTD Return | 0.01% |
| 1-Year Return | -1.68% |
| 5-Year Return | -2.95% |
| 52-Week Low | 13.05 |
| 52-Week High | 13.86 |
| Beta (5Y) | n/a |
| Holdings | 23 |
| Inception Date | Mar 9, 2017 |
About RWMIX
Redwood Managed Municipal Income Fund is a high-yield municipal fixed-income mutual fund designed to generate tax-efficient income and total returns. The fund employs a quantitative and tactical approach to navigate municipal bond markets, strategically shifting between high-yielding municipal securities and municipal money market instruments based on prevailing risk conditions. It seeks to identify critical turning points in the markets to optimize portfolio positioning while managing downside volatility. The fund offers diversification benefits through exposure to high-yielding municipal bonds, which historically demonstrate low correlation to other fixed-income assets. This non-traditional strategy makes it particularly suitable for tax-conscious investors and retirement accounts seeking municipal income exposure. The fund primarily holds a diversified portfolio of municipal bond funds and cash equivalents, with an effective duration of approximately 10 years, positioning it for intermediate-term fixed-income investors.
Performance
RWMIX had a total return of -1.68% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.30%.
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 |
|---|---|---|
| Mar 30, 2026 | $0.0485 | Mar 31, 2026 |
| Feb 26, 2026 | $0.0517 | Feb 27, 2026 |
| 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 |