RWMNX Performance — Redwood Managed Municipal Income Fund, Class N
Data updated: 2026-09-28
RWMNX returned +10.75% over one year to Oct 2024. The annualised 3-year return is −0.36%. The fund trailed its Core Bond category average: $100 invested three years ago grew to $99, against $101 for the category, and to $111 over one year, against $113. Volatility over the past three years was 6.84% a year. In the 12 months to Jul 2026 the fund lost a net $27.6M, and assets reached $76.95M.
RWMNX Growth of $100
What $100 invested in Redwood Managed Municipal Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Core Bond category average over the same months.
| Period | RWMNX | Category average |
|---|---|---|
| 1 year (Nov 2023 – Oct 2024) | $111 | $113 |
| 3 years (Nov 2021 – Oct 2024) | $99 | $101 |
| Since data start (Feb 2020 – Oct 2024) | $100 | $111 |
RWMNX Trailing Returns
Total returns to Oct 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +10.75% |
| 3 years (annualised) | −0.36% |
RWMNX Annual Returns
Calendar-year total returns of Redwood Managed Municipal Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 (Jan–Oct) | +5.22% |
| 2023 | +3.59% |
| 2022 | −9.28% |
| 2021 | +4.23% |
| 2020 (Feb–Dec) | −3.46% |
RWMNX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | +0.3% | +0.6% | +0.5% | −1.2% | +0.8% | +2.3% | +0.8% | +0.6% | +0.5% | 0.0% | — | — |
| 2023 | +4.5% | −3.1% | +0.2% | −1.8% | +0.2% | −0.5% | +0.1% | −1.3% | +0.2% | +0.2% | +2.6% | +2.6% |
| 2022 | −1.2% | −0.1% | −0.2% | −0.2% | +1.9% | −7.2% | +1.9% | −3.3% | −1.8% | +0.1% | +1.9% | −1.1% |
| 2021 | +1.7% | −1.1% | +0.7% | +1.2% | +0.9% | +1.1% | +1.1% | −0.5% | −0.8% | −0.1% | 0.0% | +0.1% |
| 2020 | — | +2.3% | −8.4% | −2.4% | −0.4% | +1.5% | +1.6% | −0.1% | −0.2% | −0.2% | +1.5% | +1.7% |
RWMNX Risk
Risk measures from monthly returns over Nov 2021 – Oct 2024.
- 3-year volatility (annualised): 6.84%
- 3-year Sharpe ratio: -0.71 (vs 4.5% risk-free rate)
- Best month: +4.45% (Jan 2023)
- Worst month: −7.17% (Jun 2022)
RWMNX Fund Flows
Monthly money in and out of Redwood Managed Municipal Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$27.6M
- 12-month gross sales (incl. reinvestments): $31.1M
- Sales ÷ redemptions: 0.53×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $1.8M | $1.4M | $320K |
| Jun 2026 | $1.3M | $2.5M | −$1.2M |
| May 2026 | $1.6M | $2.2M | −$604K |
| Apr 2026 | $3.4M | $7.0M | −$3.6M |
| Mar 2026 | $4.0M | $3.0M | $1.0M |
| Feb 2026 | $1.0M | $4.7M | −$3.7M |
| Jan 2026 | $2.8M | $5.6M | −$2.8M |
| Dec 2025 | $877K | $6.2M | −$5.3M |
| Nov 2025 | $4.2M | $5.3M | −$1.1M |
| Oct 2025 | $2.4M | $6.5M | −$4.1M |
| Sep 2025 | $4.7M | $7.2M | −$2.4M |
| Aug 2025 | $2.9M | $7.1M | −$4.1M |
RWMNX Assets Under Management
Net assets of Redwood Managed Municipal Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $76.95M |
| 2026-04-30 | $80.12M |
| 2026-01-31 | $87.68M |
| 2025-10-31 | $97.33M |
| 2025-07-31 | $106.32M |
| 2025-04-30 | $124.66M |
| 2025-01-31 | $128.76M |
| 2024-10-31 | $135.75M |
| 2024-07-31 | $143.57M |
| 2024-04-30 | $148.70M |
| 2024-01-31 | $154.53M |
| 2023-10-31 | $171.11M |
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.