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Trending ETFs

Name

As of 04/24/2024

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

Vitals

YTD Return

4.2%

1 yr return

7.0%

3 Yr Avg Return

1.6%

5 Yr Avg Return

5.0%

Net Assets

$221 M

Holdings in Top 10

N/A

52 WEEK LOW AND HIGH

$14.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.24%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 63.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 04/24/2024

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

RWIIX - Profile

Distributions

  • YTD Total Return 4.2%
  • 3 Yr Annualized Total Return 1.6%
  • 5 Yr Annualized Total Return 5.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.24%
DIVIDENDS
  • Dividend Yield 6.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Two Roads Shared Trust - Redwood AlphaFactor Tacticl Intern Fd USD Cls I
  • Fund Family Name
    Redwood
  • Inception Date
    Nov 02, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Cheung

Fund Description


RWIIX - Performance

Return Ranking - Trailing

Period RWIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% -7.9% 28.1% 25.00%
1 Yr 7.0% -4.2% 20.0% 73.69%
3 Yr 1.6%* -17.8% 45.3% 33.18%
5 Yr 5.0%* -34.3% 75.3% 73.12%
10 Yr N/A* -0.6% 16.1% N/A

* Annualized

Return Ranking - Calendar

Period RWIIX Return Category Return Low Category Return High Rank in Category (%)
2023 2.1% -7.3% 22.0% 98.51%
2022 -13.1% -43.6% 71.3% 9.57%
2021 -3.1% -28.5% 18.9% 82.92%
2020 7.4% -90.1% 992.1% 54.39%
2019 2.7% -1.9% 38.8% 98.99%

Total Return Ranking - Trailing

Period RWIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% -7.9% 28.1% 25.00%
1 Yr 7.0% -4.2% 20.0% 73.69%
3 Yr 1.6%* -17.8% 45.3% 33.18%
5 Yr 5.0%* -34.3% 75.3% 73.12%
10 Yr N/A* -0.6% 16.1% N/A

* Annualized

Total Return Ranking - Calendar

Period RWIIX Return Category Return Low Category Return High Rank in Category (%)
2023 9.0% 3.2% 41.4% 97.76%
2022 -11.6% -43.6% 144.8% 12.92%
2021 10.7% -22.6% 56.0% 46.27%
2020 14.5% -89.7% 1010.8% 24.56%
2019 4.6% 4.3% 38.8% 99.83%

NAV & Total Return History


RWIIX - Holdings

Concentration Analysis

RWIIX Category Low Category High RWIIX % Rank
Net Assets 221 M 2.56 M 425 B 74.71%
Number of Holdings 25 1 10801 96.01%
Net Assets in Top 10 322 M 0 41 B 36.19%
Weighting of Top 10 N/A 2.7% 112.8% 4.13%

Top 10 Holdings

  1. Ishares Msci Acwi U 100.46%
  2. Ishares Msci Acwi U 100.46%
  3. Ishares Msci Acwi U 100.46%
  4. Ishares Msci Acwi U 100.46%
  5. Ishares Msci Acwi U 100.46%
  6. Ishares Msci Acwi U 100.46%
  7. Ishares Msci Acwi U 100.46%
  8. Ishares Msci Acwi U 100.46%
  9. Ishares Msci Acwi U 100.46%
  10. Ishares Msci Acwi U 100.46%

Asset Allocation

Weighting Return Low Return High RWIIX % Rank
Bonds
71.30% -1.67% 71.30% 0.15%
Cash
28.70% -22.43% 100.00% 0.44%
Stocks
0.00% 0.00% 122.60% 99.70%
Preferred Stocks
0.00% -0.01% 7.80% 70.90%
Other
0.00% -2.97% 43.01% 69.72%
Convertible Bonds
0.00% 0.00% 4.18% 42.67%

Bond Sector Breakdown

Weighting Return Low Return High RWIIX % Rank
Cash & Equivalents
55.75% 0.00% 100.00% 7.39%
Government
44.25% 0.00% 44.25% 0.15%
Derivative
0.00% -2.97% 43.01% 62.48%
Securitized
0.00% 0.00% 47.51% 41.81%
Corporate
0.00% 0.00% 100.00% 55.13%
Municipal
0.00% 0.00% 0.17% 41.81%

Bond Geographic Breakdown

Weighting Return Low Return High RWIIX % Rank
US
71.30% -1.67% 71.30% 0.15%
Non US
0.00% 0.00% 8.34% 44.31%

RWIIX - Expenses

Operational Fees

RWIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.24% 0.01% 18.22% 34.02%
Management Fee 0.90% 0.00% 1.65% 94.53%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 1.00% N/A

Sales Fees

RWIIX 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% 5.00% N/A

Trading Fees

RWIIX 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.

RWIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 63.00% 2.00% 247.00% 76.74%

RWIIX - Distributions

Dividend Yield Analysis

RWIIX Category Low Category High RWIIX % Rank
Dividend Yield 6.55% 0.00% 25.36% 2.94%

Dividend Distribution Analysis

RWIIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Annual Annual

Net Income Ratio Analysis

RWIIX Category Low Category High RWIIX % Rank
Net Income Ratio -0.24% -0.93% 6.38% 97.58%

Capital Gain Distribution Analysis

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

Distributions History

View More +

RWIIX - Fund Manager Analysis

Managers

Michael Cheung


Start Date

Tenure

Tenure Rank

Nov 02, 2017

4.58

4.6%

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.

Michael Messinger


Start Date

Tenure

Tenure Rank

Nov 02, 2017

4.58

4.6%

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.

Richard Duff


Start Date

Tenure

Tenure Rank

Nov 02, 2017

4.58

4.6%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.35 6.3 3.25