https://www.sec.gov/Archives/edgar/data/1959172/000121390026098011/ea0299568-01_ncsrs.htm | Statement of Assets and Liabilities fund-level identity (Total assets - Total liabilities [- Preferred Shares] = Net Assets; no per-class breakdown template matched this filer agent)

“Consolidated Statement of Assets and Liabilities As of June 30, 2026 (Unaudited) Assets: Unaffiliated investments, at fair value (cost $630,579,599) $ 630,579,599 Short-term investments, at fair value (cost $21,011,039) 21,011,039 Cash 7,906,930 Restricted cash held for CLO note 33,709,100 Receivables: Investment securities sold 25,142,710 Fund shares sold 1,489,111 Interest 19,790,513 Prepaid expenses 204,450 Total assets 739,833,452 Liabilities: Master repurchase agreement (Note 11) 152,291,988 Payable for CLO note (Note 12) 125,000,000 Distributions to shareholders 1,411,448 Payable for investment management fees 1,120,488 Payable for interest expense on master repurchase agreement 719,092 Payable for interest expense on CLO note 716,269 Payable for audit and tax fees 98,609 Payable for fund accounting and administration fees 54,002 Payable for legal fees 46,796 Payable for other accrued expenses 22,165 Payable for transfer agent fees 18,904 Payable for custody fees 10,587 Payable for investment securities purchased 10,035 Total liabilities 281,520,383 Commitments and contingencies (Note 9) Net Assets $ 458,313,069”

extracted 2026-09-11T22:36:14 · confidence 0.9

NPORT-P netAssets | https://www.sec.gov/Archives/edgar/data/1959172/000119312526241020/xslFormNPORT-P_X01/primary_doc.xml

extracted 2026-09-11T20:53:05 · confidence 1.0

https://www.sec.gov/Archives/edgar/data/1959172/000121390026025187/ea0274237-01_ncsr.htm | Statement of Assets and Liabilities fund-level identity (Total assets - Total liabilities [- Preferred Shares] = Net Assets; no per-class breakdown template matched this filer agent)

“Consolidated Statement of Assets and Liabilities As of December 31, 2025 Assets: Unaffiliated investments, at fair value (cost $717,221,568) $ 717,221,568 Short-term investments, at fair value (cost $4,156,676) 4,156,676 Cash 6,070,788 Restricted cash held for CLO note 26,744,281 Receivables: Fund shares sold 944,215 Dividends and interest 14,313,741 Prepaid expenses 351,983 Prepaid expenses master repurchase agreement 15,594 Total assets 769,818,846 Liabilities: Master repurchase agreement (Note 11) 224,003,363 Payable for CLO note (Note 12) 125,000,000 Payable for interest expense on master repurchase agreement 1,287,926 Payable for investment management fees 1,105,594 Payable for interest expense on CLO note 741,704 Payable for audit and tax fees 181,250 Payable for fund accounting and administration fees 54,750 Payable for other accrued expenses 38,114 Payable for legal fees 31,128 Payable for transfer agent fees 28,500 Payable for Trustees’ fees 12,000 Payable for custody fees 11,250 Total liabilities 352,495,579 Commitments and contingencies (Note 9) Net Assets $ 417,323,267”

extracted 2026-09-11T22:03:26 · confidence 0.9

NPORT-P netAssets | https://www.sec.gov/Archives/edgar/data/1959172/000119312526066342/xslFormNPORT-P_X01/primary_doc.xml

extracted 2026-09-11T20:53:06 · confidence 1.0

NPORT-P netAssets | https://www.sec.gov/Archives/edgar/data/1959172/000119312525301378/xslFormNPORT-P_X01/primary_doc.xml

extracted 2026-09-11T20:53:07 · confidence 1.0

https://www.sec.gov/Archives/edgar/data/1959172/000121390025084856/ea0250246-01_ncsrs.htm | Statement of Assets and Liabilities fund-level identity (Total assets - Total liabilities [- Preferred Shares] = Net Assets; no per-class breakdown template matched this filer agent)

“Consolidated Statement of Assets and Liabilities As of June 30, 2025 (Unaudited) Assets: Unaffiliated investments, at fair value (cost $666,434,562) $ 666,434,562 Short-term investments, at fair value (cost $27,384,648) 27,384,648 Cash 1,997,755 Restricted cash held for CLO note 19,016,258 Receivables: Fund shares sold 473,225 Dividends and interest 12,418,719 Prepaid expenses 416,328 Prepaid expenses master repurchase agreement 40,766 Total assets 728,182,261 Liabilities: Master repurchase agreement (Note 11) 213,005,878 Payable for CLO note (Note 12) 125,000,000 Payable for interest expense on master repurchase agreement 1,185,452 Payable for investment management fees 999,245 Payable for interest expense on CLO note 719,750 Payable for audit and tax fees 82,676 Payable for fund accounting and administration fees 38,575 Payable for legal fees 36,242 Payable for transfer agent fees 23,416 Payable for custody fees 10,140 Payable for Trustees’ fees 6,845 Payable for other accrued expenses 1,046 Total liabilities 341,109,265 Commitments and contingencies (Note 9) Net Assets $ 387,072,996”

extracted 2026-09-11T22:03:28 · confidence 0.9

NPORT-P netAssets | https://www.sec.gov/Archives/edgar/data/1959172/000114554925054130/xslFormNPORT-P_X01/primary_doc.xml

extracted 2026-09-11T20:53:07 · confidence 1.0

NPORT-P netAssets | https://www.sec.gov/Archives/edgar/data/1959172/000114554925033424/xslFormNPORT-P_X01/primary_doc.xml

extracted 2026-09-11T20:53:08 · confidence 1.0

https://www.sec.gov/Archives/edgar/data/1959172/000121390025022631/ea0229496-01_ncsr.htm | Statement of Assets and Liabilities fund-level identity (Total assets - Total liabilities [- Preferred Shares] = Net Assets; no per-class breakdown template matched this filer agent)

“Consolidated Statement of Assets and Liabilities As of December 31, 2024 Assets: Unaffiliated investments, at fair value (cost $470,874,540) $ 470,874,540 Short-term investments, at fair value (cost $32,742,745) 32,742,745 Restricted cash held for CLO note 17,796,946 Cash 4,039,797 Receivables: Fund shares sold 725,160 Dividends and interest 7,562,567 Prepaid expenses 255,267 Total assets 533,997,022 Liabilities: Payable for CLO note (Note 13) 125,000,000 Master repurchase agreement (Note 12) 82,338,402 Payable for interest expense on CLO note 830,147 Payable for investment management fees 801,385 Payable for interest expense on master repurchase agreement 475,106 Payable for audit and tax fees 195,000 Payable for legal fees 55,000 Payable for fund accounting and administration fees 49,593 Payable for other accrued expenses 33,092 Payable for transfer agent fees 24,900 Payable for custody fees 7,600 Total liabilities 209,810,225 Commitments and contingencies (Note 10) Net Assets $ 324,186,797”

extracted 2026-09-11T22:03:29 · confidence 0.9

NPORT-P netAssets | https://www.sec.gov/Archives/edgar/data/1959172/000114554925009456/xslFormNPORT-P_X01/primary_doc.xml

extracted 2026-09-11T20:53:08 · confidence 1.0

NPORT-P netAssets | https://www.sec.gov/Archives/edgar/data/1959172/000114554924075590/xslFormNPORT-P_X01/primary_doc.xml

extracted 2026-09-11T20:53:09 · confidence 1.0

https://www.sec.gov/Archives/edgar/data/1959172/000121390024076815/ea0211608-01_ncsrs.htm | Statement of Assets and Liabilities fund-level identity (Total assets - Total liabilities [- Preferred Shares] = Net Assets; no per-class breakdown template matched this filer agent)

“Consolidated Statement of Assets and Liabilities As of June 30, 2024 (Unaudited) Assets: Unaffiliated investments, at fair value (cost $280,897,763) $ 280,897,763 Short-term investments, at fair value (cost $18,346,044) 18,346,044 Receivables: Fund shares sold 895,191 Interest receivable 2,656,807 Prepaid expenses 137,841 Prefunded commitments 400,000 Prepaid expenses – master repurchase agreement 83,720 Total assets 303,417,366 Liabilities: Master repurchase agreement (Note 12) 61,490,313 Payable for investment management fees 340,554 Payable for audit and tax fees 172,827 Payable for fund accounting and administration fees 34,683 Payable for transfer agent fees 25,006 Payable for custody fees 5,448 Payable for other accrued expenses 2,848 Total liabilities 62,071,679 Commitments and contingencies (Note 10) Net Assets $ 241,345,687”

extracted 2026-09-11T22:03:30 · confidence 0.9

NPORT-P netAssets | https://www.sec.gov/Archives/edgar/data/1959172/000114554924052595/xslFormNPORT-P_X01/primary_doc.xml

extracted 2026-09-11T20:53:09 · confidence 1.0

NPORT-P netAssets | https://www.sec.gov/Archives/edgar/data/1959172/000114554924031297/xslFormNPORT-P_X01/primary_doc.xml

extracted 2026-09-11T20:53:10 · confidence 1.0

https://www.sec.gov/Archives/edgar/data/1959172/000121390024021349/ef168879_ncsr.htm | Statement of Assets and Liabilities fund-level identity (Total assets - Total liabilities [- Preferred Shares] = Net Assets; no per-class breakdown template matched this filer agent)

“Statement of Assets and Liabilities As of December 31, 2023 Assets: Unaffiliated investments, at fair value (cost $142,348,344) $ 142,351,164 Short-term investments, at fair value (cost $39,992,059) 39,992,059 Receivables: Fund shares sold 94,352 Interest receivable 2,155,884 Prepaid expenses 122,306 Prefunded commitments 13,800,000 Total assets 198,515,765 Liabilities: Payable for investment management fees 286,222 Payable for legal fees 30,388 Payable for audit and tax fees 175,000 Payable for fund accounting and administration fees 33,476 Payable for transfer agent fees 24,000 Payable for custody fees 1,000 Payable for Trustees’ fees 3,000 Payable for other accrued expenses 8,938 Total liabilities 562,024 Commitments and contingencies (Note 10) Net Assets $ 197,953,741”

extracted 2026-09-11T22:03:31 · confidence 0.9

NPORT-P netAssets | https://www.sec.gov/Archives/edgar/data/1959172/000114554924013532/xslFormNPORT-P_X01/primary_doc.xml

extracted 2026-09-11T20:53:10 · confidence 1.0

NPORT-P netAssets | https://www.sec.gov/Archives/edgar/data/1959172/000114554923074415/xslFormNPORT-P_X01/primary_doc.xml

extracted 2026-09-11T20:53:11 · confidence 1.0

https://www.sec.gov/Archives/edgar/data/1959172/000121390023075220/ea159725_ncsrs.htm | Statement of Assets and Liabilities fund-level identity (Total assets - Total liabilities [- Preferred Shares] = Net Assets; no per-class breakdown template matched this filer agent)

“Statement of Assets and Liabilities 2 Statement of Operations 3 Statements of Changes in Net Assets 4 Statement of Cash Flows 5 Financial Highlights 6 Notes to the Financial Statements 7 Other Information 15 Privacy Notice 17 REDWOOD REAL ESTATE INCOME FUND Schedule of Investments As of June 30, 2023 (Unaudited) Shares Fair Value SHORT-TERM INVESTMENTS — 85.2% DEMAND DEPOSIT — 85.2% 81,100,000 UMB Money Market Fiduciary, 0.01% (a) $ 81,100,000 TOTAL INVESTMENTS — 85.2% (Cost $81,100,000) 81,100,000 Other assets in excess of liabilities — 14.8% 14,034,784 TOTAL NET ASSETS — 100.0% $ 95,134,784 (a) Rate disclosed represents the seven day yield as of the Fund’s period end. The UMB Money Market Fiduciary account is an interest -bearing money market deposit account maintained by UMB Bank, n.a. in its capacity as a custodian for various participating custody accounts. The Fund may redeem its investments in whole, or in part, on each business day. See accompanying Notes to Financial Statements. 1 REDWOOD REAL ESTATE INCOME FUND Statement of Assets and Liabilities As of June 30, 2023 (Unaudited) Assets: Short-term investments, at fair value (cost $81,100,000) $ 81,100,000 Cash 14,000,000 Interest receivable 44,411 Total assets 95,144,411 Liabilities: Payable for investment management fees 4,579 Payable for legal fees 548 Payable for audit and tax fees 1,852 Payable for fund accounting and administration fees 1,072 Payable for transfer agent fees 554 Payable for custody fees 215 Payable for chief compliance officer fees 219 Payable for Trustees’ fees 345 Payable for other accrued expenses 243 Total liabilities 9,627 Net Assets $ 95,134,784”

extracted 2026-09-11T22:03:31 · confidence 0.9

NPORT-P netAssets | https://www.sec.gov/Archives/edgar/data/1959172/000114554923052873/xslFormNPORT-P_X01/primary_doc.xml

extracted 2026-09-11T20:53:12 · confidence 1.0