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Trending ETFs

Name

As of 10/30/2020

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$11.33

$80 M

1.34%

$0.15

1.56%

Vitals

YTD Return

-30.6%

1 yr return

-25.5%

3 Yr Avg Return

-7.7%

5 Yr Avg Return

N/A

Net Assets

$80 M

Holdings in Top 10

33.0%

52 WEEK LOW AND HIGH

$11.3
$10.74
$16.59

Expenses

OPERATING FEES

Expense Ratio 1.56%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 146.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$10,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/30/2020

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$11.33

$80 M

1.34%

$0.15

1.56%

RWTNX - Profile

Distributions

  • YTD Total Return -30.6%
  • 3 Yr Annualized Total Return -7.7%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.87%
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Redwood AlphaFactor Tactical Core Fund
  • Fund Family Name
    Redwood
  • Inception Date
    Mar 09, 2017
  • Shares Outstanding
    N/A
  • Share Class
    N
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Cheung

Fund Description


RWTNX - Performance

Return Ranking - Trailing

Period RWTNX Return Category Return Low Category Return High Rank in Category (%)
YTD -30.6% -57.9% 517.6% 98.09%
1 Yr -25.5% -30.1% 6.7% 98.57%
3 Yr -7.7%* -13.4% 7.6% 95.10%
5 Yr N/A* -4.5% 12.0% N/A
10 Yr N/A* 3.3% 11.4% N/A

* Annualized

Return Ranking - Calendar

Period RWTNX Return Category Return Low Category Return High Rank in Category (%)
2023 10.6% -8.1% 40.9% 93.87%
2022 -13.1% -56.9% -2.2% 9.32%
2021 N/A -62.6% 24.5% N/A
2020 N/A -14.6% 28.1% N/A
2019 N/A -36.5% 3.4% N/A

Total Return Ranking - Trailing

Period RWTNX Return Category Return Low Category Return High Rank in Category (%)
YTD -30.6% -57.2% 517.6% 97.61%
1 Yr -25.5% -30.7% 6.7% 98.10%
3 Yr -7.7%* -14.3% 7.6% 95.10%
5 Yr N/A* -4.8% 12.0% N/A
10 Yr N/A* 3.3% 11.4% N/A

* Annualized

Total Return Ranking - Calendar

Period RWTNX Return Category Return Low Category Return High Rank in Category (%)
2023 10.6% -8.1% 40.9% 93.87%
2022 -13.1% -32.7% -2.2% 28.72%
2021 N/A -5.1% 26.9% N/A
2020 N/A -2.5% 29.0% N/A
2019 N/A -29.2% 5.0% N/A

NAV & Total Return History


RWTNX - Holdings

Concentration Analysis

RWTNX Category Low Category High RWTNX % Rank
Net Assets 80 M 4.48 M 23.8 B 77.07%
Number of Holdings 36 3 2427 94.33%
Net Assets in Top 10 25.6 M 471 K 7.51 B 70.69%
Weighting of Top 10 33.02% 4.8% 100.0% 19.05%

Top 10 Holdings

  1. United States Treasury Notes 1.12% 25.59%
  2. United States Treasury Notes 0.5% 14.84%
  3. Qualcomm Inc 3.53%
  4. KAR Auction Services Inc 3.40%
  5. Apple Inc 3.35%
  6. Navient Corp 3.31%
  7. Cummins Inc 3.27%
  8. Comerica Inc 3.26%
  9. Johnson Controls International PLC 3.25%
  10. Celanese Corp Class A 3.23%

Asset Allocation

Weighting Return Low Return High RWTNX % Rank
Stocks
96.86% 0.00% 100.28% 79.43%
Cash
3.14% -0.29% 56.69% 19.62%
Preferred Stocks
0.00% 0.00% 6.14% 30.97%
Other
0.00% 0.00% 4.72% 30.73%
Convertible Bonds
0.00% 0.00% 0.02% 27.90%
Bonds
0.00% 0.00% 98.37% 32.39%

Stock Sector Breakdown

Weighting Return Low Return High RWTNX % Rank
Financial Services
23.48% 0.00% 52.90% 15.13%
Technology
17.09% 0.00% 28.41% 8.04%
Industrials
16.41% 0.00% 28.83% 46.10%
Basic Materials
16.35% 0.00% 20.81% 1.42%
Consumer Cyclical
13.56% 0.00% 36.07% 38.30%
Utilities
6.70% 0.00% 20.60% 44.92%
Communication Services
3.29% 0.00% 23.09% 35.70%
Energy
3.12% 0.00% 28.28% 59.10%
Real Estate
0.00% 0.00% 33.60% 94.80%
Healthcare
0.00% 0.00% 36.22% 99.29%
Consumer Defense
0.00% 0.00% 23.90% 99.29%

Stock Geographic Breakdown

Weighting Return Low Return High RWTNX % Rank
US
96.86% 0.00% 100.00% 36.88%
Non US
0.00% 0.00% 62.29% 91.02%

RWTNX - Expenses

Operational Fees

RWTNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.56% 0.01% 43.95% 20.44%
Management Fee 0.90% 0.00% 1.25% 92.20%
12b-1 Fee 0.25% 0.00% 1.00% 38.87%
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

RWTNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

RWTNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

RWTNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 146.00% 0.00% 322.00% 93.79%

RWTNX - Distributions

Dividend Yield Analysis

RWTNX Category Low Category High RWTNX % Rank
Dividend Yield 1.34% 0.00% 11.54% 35.46%

Dividend Distribution Analysis

RWTNX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

RWTNX Category Low Category High RWTNX % Rank
Net Income Ratio 0.87% -1.03% 4.83% 65.71%

Capital Gain Distribution Analysis

RWTNX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

RWTNX - Fund Manager Analysis

Managers

Michael Cheung


Start Date

Tenure

Tenure Rank

Mar 09, 2017

3.65

3.7%

Michael is a Portfolio Manager and Head of Quantitative Research at Redwood Investment Management. Michael works closely with the firm’s founder and President in overseeing the development, implementation, and live risk management of Redwood’s investment strategies. He leads the quantitative research effort including other members of the quantitative analyst team, and is responsible for proprietary investment model algorithm design and maintenance. Michael brings extensive experience working with a variety of programming languages and database structures, as well as broad knowledge of capital markets, global macro, and quantitative analysis, from his prior experience as a head trader on a proprietary equities trading desk. In addition, Michael was also formerly the head of a statistical arbitrage strategy that traded across multiple asset classes. He studied quantitative economics and mathematics at the University of California, Irvine.

Richard Duff


Start Date

Tenure

Tenure Rank

Mar 09, 2017

3.65

3.7%

Richard is President of Redwood Investment Management, with two decades of senior investment management experience including portfolio management and distribution as well as company strategy and product development in both large and small firms. Richard is responsible for overseeing Redwood’s investment solutions, from initial ideation to final implementation and risk management, distribution team development and management, and is a portfolio manager of two Redwood AlphaFactor® equity funds. Richard began his career as Senior Investment Officer at Pacific Income Advisers where he was a member of the equity strategy team utilizing quantitative screening in equity portfolio management. Later Richard was a Managing Director at BlackRock, where he was a member of the Equity Operating Committee and the AMG Executive Team. Richard’s BlackRock experience included managing a 100+ member team with a nine figure P&L, turning around the firm’s closed end fund franchise including the successful launch of BlackRock’s first equity strategy closed end funds, and leading the integration of the largest retained group in BlackRock’s first investment management firm acquisition. Richard received his BA from the University of California, Berkeley, attended Washington and Lee University, School of Law and received his JD from University of San Francisco, School of Law.

Michael Messinger


Start Date

Tenure

Tenure Rank

Mar 09, 2017

3.65

3.7%

After years of personal research while working with talented investors and “allocators” in the leveraged finance ecosystem, Michael founded Redwood in 2010 as a quantitative research based money management firm with a “RiskFirst™” mandate. The initial tactical fixed-income strategy, Defensive Credit, formed the quantitative research foundation that led to the launch of Redwood’s 5-Star Morningstar rated Mutual Fund, the Redwood Managed Risk Plus L.P. hedge fund, as well as the Multi-Sector Managed Risk, and Systematic Macro Trend (SMarT) strategies. Since then, Michael has expanded Redwood’s capabilities, with additions of talented professionals, to provide tactical and strategic beta investment solutions that include Redwood’s AlphaFactor® equity strategies, fixed-income, and alternatives, as well as Redwood’s Dynamic Risk-Budget Model asset allocation portfolios. Michael is responsible for overseeing the development, implementation, and live risk management of Redwood’s investment strategies. Prior to Redwood, Michael served as a Vice President for Riversource Investments, (now known as Columbia Management), worked in multiple roles at ING investment management, and began his career as an Analyst at UBS. He received his B.S in Finance from the University of Arizona in Tucson.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 34.01 7.56 9.34