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Redwood Systematic Macro Trnd (SMarT) IRWSIX

Performance (before sales charge)

As of 02/28/2023

All information is historical and not indicative of future results. Current performance may be lower or higher than the quoted past performance, which cannot guarantee results. Share price, principal value, and return will vary, and you may have a gain or a loss when you sell your shares. Performance assumes reinvestment of distributions and does not account for taxes. After-sales-charge returns reflect the maximum sales charge applicable to the fund. Performance may not reflect any expense limitation or subsidies currently in effect. Short-term trading fees may apply. To obtain the most recent month-end performance, visit Morningstar.com.

Asset allocation

As of 10/31/2022
Stock
62.96%
Non-U.S. Stock
8.46%
Bond
21.59%
Non-U.S. Bond
0.01%
Preferred
0.00%
Convertible
0.00%
Cash
-33.51%
Other
40.49%

Due to rounding, percentages may not equal 100%.

Sectors

As of 10/31/2022

Basic materials

2.37%

Consumer cyclical

7.20%

Financial services

1.47%

Real estate

3.35%

Consumer defensive

4.40%

Health care

5.98%

Utilities

4.10%

Communication services

5.31%

Energy

4.11%

Industrials

4.12%

Technology

11.81%

Top 10 holdings

As of 10/31/2022

Cash
40.20%
Recv Spdr Bbg Barc Convtb
13.30%
Recv Ishares Iboxx High Y
13.20%
Recv Ishares Preferred &
13.10%
United States Treasury Notes 3.25%
6.20%
United States Treasury Notes 3.125%
5.70%
United States Treasury Notes 2.75%
5.44%
iShares Core S&P Small-Cap ETF
5.24%
Vanguard Small-Cap ETF
5.18%
First American Government Obligs X
3.70%
Fund assets

$233.44 Million

Share class

Inst

Morningstar category

Systematic Trend

Expense ratio

1.37%

Investment objective

Growth

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