RWDNX – Redwood Managed Volatility N Investment Strategy | Morningstar

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Strategy

The investment seeks a combination of total return and prudent management of portfolio downside volatility and downside loss. The adviser uses a trend-following strategy that seeks to identify the critical turning points in the markets for high yield bonds and bank loans. The fund's adviser uses a quantitatively driven process that seeks to invest in diversified high yield bond, bank loan, and other fixed income exposure with similar characteristics when the high yield bond and bank loan markets are trending upwards, and short-term fixed income securities when the high yield bond and bank loan markets are trending downwards.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
RWDNX	Redwood Managed Volatility Fund Class N	No Load	Open			Dec 19, 2013	$284,951.00	2.450%	High	$10,000	−$97,977.74
RWDYX	Redwood Managed Volatility Fund Class Y	Institutional	Open			Dec 19, 2013	$1.92M	2.200%	High	$20M	−$634,526.29
RWDIX	Redwood Managed Volatility Fund Class I	Institutional	Open			Dec 19, 2013	$72.83M	2.200%	High	$2,500	−$17.87M

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