Redwood Real Estate Income Fund
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Access short duration 1st Lien secured commercial real estate (CRE)1 loan in a single ticker – CREMX.

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$304M

Net Assets

8.0%

6-Month Annualized
Distribution Yield2

Disclosure information needed for this section. Disclosure information needed for this section.

14.22

Loan Maturity3 (months)

58.04%

Loan-To-Value4

Transparent
Expenses

The Fund invests directly in private debt, not in other private funds that may have an additional layer of fees.

Lower
Drawdowns

Historical lower drawdowns in private debt vs. public debt as seen in the charts below.

Investor-Friendly
Structure

No Sub-docs, no Accreditation, no K1s, no incentive fees (no headaches).

Yield
Premium

The Fund’s objective is to provide current income and preserve shareholders’ capital.

Add
Diversification

Benefits of Private Debt backed by real-estate as a % of your asset allocation –seeks to provide current income, preserve shareholder’s capital, reducing drawdown, and portfolio diversification.

Key Facts

Fund Name Redwood Real Estate Income Fund 
Ticker CREMX (Class I) 
CUSIP 758067102 
Inception Date 6/23/2023 
Underlying Collateral Hard Asset Real-Estate 
Fund Structure 1940-Act Registered Closed-End Fund (Interval Fund) - Taxed as a REIT 
Fund Adviser Redwood Investment Management, LLC 

Underwriting, Origination, Servicing

Maxim Capital Group, Tryperion Holdings,  Churchill Real Estate
Dividend Frequency  Monthly with reinvestment at NAV Option 
PurchaseDaily

Withdrawal/
Redempton

Up to 5% Quarterly, 20% Annually 
Leverage Up to 33.33% of overall Fund gross assets (150% Max Gross Exposure) 
Management Fee 1.75% Annually 

Performance/
Incentive Fee

None 
Total Annual Expense Ratio2.17% (Includes 0.42% for Other Expenses such as Custody, Accounting, Legal, Tax, Admin, etc.) 
Fund Name Redwood Real Estate Income Fund Distribution Period Monthly with reinvestment at NAV Option 
Ticker CREMX (Class I) Purchase/Subscription Daily
CUSIP 758067102 Withdrawal/Redemption Up to 5% Quarterly, 20% Annually 
Inception Date 6/23/2023 Leverage Up to 33.33% of overall Fund gross assets (150% Max Gross Exposure) 
Underlying Collateral Hard Asset Real-Estate Management Fee 1.75% Annually 
Fund Structure 1940-Act Registered Closed-End Fund (Interval Fund) - Taxed as a REIT Performance/Incentive Fee None 
Fund Adviser Redwood Investment Management, LLC Total Annual Expense Ratio2.17% (Includes 0.42% for Other Expenses such as Custody, Accounting, Legal, Tax, Admin, etc.) 
Underwriting, Origination, & ServicingMaxim Capital Group, Tryperion Holdings 

Real Estate Properties

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Real Estate Properties

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Buildings represented herein are real estate properties whose loans are held within the Redwood Real Estate Income Fund (for more details and for a copy of the prospectus please visit https://www.redwoodmutualfunds.com/funds/real-estate-income-fund.

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Seeks Attractive Yield, Low NAV Fluctuations

CREMX Yield vs. NAV

The Fund’s objective is to provide investors with access to short-duration private real estate debt managed to a stable NAV with a premium yield over T-Bills.

8.0%

6-Month Annualized Distribution Yield

0.0%

Max Drawdown

Source: Bloomberg, Redwood. Data as of 10/31/2024. Date range 6/23/2023 - 10/31/2024. 6-Month Annualized Distribution Yield is calculated as the distribution for the past 6 months multiplied by 2 (number of 6-month periods in a year) and divided by the NAV per share on 10/31/2024. Depending on when an investor purchased their shares, the annualized distribution yield may be higher or lower.  There is no guarantee that investors will receive a distribution.

Loan Portfolio Gross Yield

Private credit currently provides an attractive distribution yield compared to other asset classes, making it an appealing option for income-seeking investors.

8.0%

6-Month Annualized Distribution Yield

10.09%

Average Yield-to-Maturity

Source: Bloomberg, Redwood. Data as of 10/31/2024. Past performance is not indicative of future results. See definitions below for representative indices. 6-Month Annualized Distribution Yield is calculated as the distribution for the past 6 months multiplied by 2 (number of 6-month periods in a year) and divided by the NAV per share on 10/31/2024. Depending on when an investor purchased their shares, the annualized distribution yield may be higher or lower.  There is no guarantee that investors will receive a distribution.

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Reduced Drawdown

The main principle of the strategy is to avoid significant portfolio drawdowns, which can take years to recover from.

Total Return Since Inception of CREMX (as of 10/31/2024)

Source: Bloomberg, Redwood. Data as of 10/31/2024. Investors should carefully consider the investment objectives, risks, charges and expenses of the Redwood Real Estate Income Fund.

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Daily Maximum Drawdowns by Index Inceptions as of (10/31/2024)

Source: Bloomberg, Redwood. Data as of 10/31/2024. CREMX inception date: 6/23/2023. U.S. Treasury Inflation Protected inception date: 3/1/1997. Investment Grade Aggregate inception date: 1/1/1976. Investment Grade Corporates inception date 1/1/1973. Long Term Treasury inception date: 1/1/1973. Investors should carefully consider the investment objectives, risks, charges and expenses of the Redwood Real Estate Income Fund. See definitions below for representative indices.

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Monthly Returns

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Year

2023

0.14%

0.34%

0.34%

0.57%

0.51%

0.64%

2.60%

2024

0.57%

0.61%

0.71%

0.64%

0.69%

0.73%

0.73%

0.68%

0.63%

0.62%

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Source: Redwood. Data as of 10/31/2024. Past Performance is not Indicative of Future Results.

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Class

$ Daily Nav

$ Day Change

Week High

Week Low

CLASS I

25.16

0.00

25.16

25.16

How to Invest

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