RWILX Fees and Costs — Redwood AlphaFactor Tactical International Fund, Class I
Data updated: 2026-09-28
The net expense ratio is 1.50% (1.56% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $281K in broker commissions, 0.1772% of average net assets, and portfolio turnover was 147%.
RWILX Fees and Expenses
Annual operating expenses and sales charges of RWILX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.36% |
| Gross expense ratio | 1.56% |
| Fee waiver | −0.06% |
| Net expense ratio | 1.50% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
RWILX Costs Over Time
On $10,000 invested in RWILX, assuming 5% a year before costs, total costs come to $1,035 over 5 years, cutting the return by 1.76% 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 1.50%) | $158 | $488 | $840 |
| Trading costs (broker commissions) | $19 | $58 | $99 |
| Lost growth on money paid in costs | $0 | $27 | $96 |
| Total costs | $176 | $573 | $1,035 |
| Value after costs | $10,324 | $11,003 | $11,728 |
| Impact on return, per year | 1.76% | 1.76% | 1.76% |
RWILX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1772%
- Total broker commissions: $281K
- Bought from dealers (principal trades, not a cost): $126.2M
- Portfolio turnover (prospectus): 147%
- Securities lending: none during the year
RWILX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE | $264K | 94.02% |
| BTIG LLC | $17K | 5.98% |
RWILX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE | $121.8M | 96.53% |
| UMB | $4.4M | 3.47% |
Redwood AlphaFactor Tactical International Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RWILX | Class I | 1.50% | none |
| RWINX | Class N | 1.71% | none |
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.