Expense Ratio History

RWILX expense ratio history

Redwood AlphaFactor Tactical International Fund, Redwood AlphaFactor Tactical International Fund Class I

Fund company
TWO Roads Shared
Type
Mutual fund

1.56%

In basis points
156 basis points
Yearly cost per $10,000
$156
Prospectus dated
1 March 2026, filed with the SEC; rounded to 0.01%
Last change
Cut from 1.66% on 1 March 2026

Fee over time

RWILX expense ratio: 1.21% until 28 Feb 2019, then 1.36%; 1.36% until 28 Feb 2020, then 1.29%; 1.29% until 1 Mar 2022, then 1.26%; 1.26% until 1 Mar 2023, then 1.29%; 1.29% until 1 Mar 2024, then 1.32%; 1.32% until 1 Mar 2025, then 1.66%; 1.66% until 1 Mar 2026, then 1.56%; read at 1.56% on 1 Mar 2026.0.00%1.00%2.00%3.00%Nov 2017Apr 2019Sep 2020Feb 2022Jul 2023Dec 20241.21% before1.56% from 1 Mar 2026
RWILX expense ratio: 1.21% until 28 Feb 2019, then 1.36%; 1.36% until 28 Feb 2020, then 1.29%; 1.29% until 1 Mar 2022, then 1.26%; 1.26% until 1 Mar 2023, then 1.29%; 1.29% until 1 Mar 2024, then 1.32%; 1.32% until 1 Mar 2025, then 1.66%; 1.66% until 1 Mar 2026, then 1.56%; read at 1.56% on 1 Mar 2026.0.00%1.00%2.00%3.00%Nov 2017Sep 2020Jul 20231.21% before1.56% from 1 Mar 2026
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Share classes

The same fund is sold as 2 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
RWILX (this page) Redwood AlphaFactor Tactical International Fund Class I 1.56% 1.50% 1 Mar 2026
RWINX Redwood AlphaFactor Tactical International Fund Class N 1.91% 1.71% 1 Mar 2025

Every figure we've recorded

DateFeeWhat happened
1 Mar 2026 1.56% In the prospectusTotal annual fund operating expenses in the prospectus dated 2026-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2026 1.56% Cut from 1.66% to 1.56%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2026-02-27
1 Mar 2025 1.66% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2025 1.66% Raised from 1.32% to 1.66%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-02-28
1 Mar 2024 1.32% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-03-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Mar 2024 1.32% Raised from 1.29% to 1.32%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2024-04-17
1 Mar 2023 1.29% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2023 1.29% Raised from 1.26% to 1.29%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-02-28
1 Mar 2022 1.26% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-03-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Mar 2022 1.26% Cut from 1.29% to 1.26%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2022-03-04
1 Mar 2021 1.29% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2020 1.29% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2020 1.29% Cut from 1.36% to 1.29%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2020-03-16
28 Feb 2019 1.36% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-02-28 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
28 Feb 2019 1.36% Raised from 1.21% to 1.36%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2019-03-19
1 Nov 2017 1.21% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-11-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 1.56% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$1,867 in fees over 10 years

After fees, $10,000 grows to $13,972.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$160
3 years$496
5 years$856
10 years$1,867

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 9 prospectuses for this share class since 2017. Each one is listed above with a link to the filing.

How we read fees

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