RWTIX — Redwood AlphaFactor Tactical Core Fund
Data updated: 2020-09-28
RWTIX — Redwood AlphaFactor Tactical Core Fund. Money Market · $77.58M AUM · 1.22% expense ratio. Holdings, fees, performance and SEC filings.
RWTIX Fund Overview
RWTIX — Redwood AlphaFactor Tactical Core Fund is a US mutual fund managed by Two Roads Shared Trust, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Two Roads Shared Trust
- Category: Money Market
- Assets under management: $77.58M
- Ticker: RWTIX
- SEC CIK: 0001552947
- SEC series ID: S000056428
- Share class ID: C000178521
RWTIX Investment Objective and Strategy
Redwood AlphaFactor Tactical Core Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Two Roads Shared Trust.
Investment objective
The Fund seeks to generate long-term total return
Principal investment strategy
The Fund employs an investment approach designed to track the performance of the Advisers proprietary index, the AlphaFactor Tactical Focused Index (the Tactical Index). The Tactical Index utilizes a quantitative factor-based investment methodology focused on the largest 1,000 U.S. common stocks based on market capitalization. Companies within this group of top 1,000 market capitalization may be considered large or mid-cap companies. As of January 31, 2018, the aggregate market capitalization of this universe of companies is above approximately $31.52 trillion. Due to future market fluctuations, the market capitalization of this universe may be lower or higher at any given time. The methodology selects stocks based on a number of characteristics that include, but are not limited to, net share count reduction, free cash flow growth, dividend yield, volatility and debt/asset ratios.
The final selection of stocks is based on market characteristics including, but not limited to, liquidity and market capitalization. The Tactical Index is rebalanced to equal weight on a quarterly basis, and reconstituted on a yearly basis. The Fund will be invested in a diversified portfolio of equity securities or investments that are economically tied to equity securities (i.e., derivatives) such as equity options. In seeking to track the performance of the Tactical Index, the Fund will typically hold approximately 30 stocks in its portfolio. However, the Fund may be invested in more or less than 30 stocks at any given time and may use other equity linked securities in pursuit of its investment strategies. The Tactical Index also employs a multi-factor tactical risk management overlay that seeks to identify periods of above average risk.
At times identified by the Adviser as above average risk, the Tactical Index will exit positions in equity securities and become comprised primarily of money market instruments such as treasury bills, certificates of deposit and commercial paper and other short-term instruments, money market funds, or U.S. government bond funds. Such investments can either be direct or through investments in other investment companies, including open-end mutual funds and exchange-traded funds (ETFs).
RWTIX Costs and Fees
RWTIX costs about $122 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.22%
- Gross expense ratio: 1.33%
- Portfolio turnover: 146%
- Brokerage commissions: 8.30 bps of average net assets (SEC N-CEN)
RWTIX Cashflows
Over the 12 months to 2020-07, Redwood AlphaFactor Tactical Core Fund had net inflows of $48.51M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-07 | $11.32M |
| 2020-06 | $5.78M |
| 2020-05 | $11.34M |
| 2020-04 | $5.63M |
| 2020-03 | $10.67M |
| 2020-02 | $3.76M |
RWTIX Debt Constituents
No individual debt constituents are reported in Redwood AlphaFactor Tactical Core Fund's latest SEC N-PORT filing.
RWTIX Prospectus and SEC Filings
Official Redwood AlphaFactor Tactical Core Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-03-16
- Prospectus supplement (497) — filed 2019-03-19
- Prospectus supplement (497) — filed 2018-04-24
- Portfolio holdings (N-PORT) — filed 2020-09-28
- Portfolio holdings (N-PORT) — filed 2020-06-24
- Annual census (N-CEN) — filed 2020-01-14
- Annual census, amended (N-CEN/A) — filed 2019-12-27
Related Funds
Other Money Market funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.