C000144911 Fees and Costs — Redwood Managed Volatility Portfolio, Class I
Data updated: 2024-05-15
The net expense ratio is 1.95% (3.69% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 448%.
C000144911 Fees and Expenses
Annual operating expenses and sales charges of C000144911. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 3.69% |
| Fee waiver | −1.74% |
| Net expense ratio | 1.95% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000144911 Costs Over Time
On $10,000 invested in C000144911, assuming 5% a year before costs, total costs come to $1,197 over 5 years, cutting the return by 2.05% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.95%) | $205 | $633 | $1,086 |
| Lost growth on money paid in costs | $0 | $32 | $111 |
| Total costs | $205 | $664 | $1,197 |
| Value after costs | $10,295 | $10,912 | $11,566 |
| Impact on return, per year | 2.05% | 2.05% | 2.05% |
C000144911 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $219.9M
- Portfolio turnover (prospectus): 448%
- Securities lending: none during the year
C000144911 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| US Bancorp Investments, Inc. | $185.6M | 84.38% |
| JANE STREET | $34.3M | 15.62% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.