Price Chart

Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
4.85% -6.16% 103.28M 13566.00
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (Since Inception)
1.66% 95.00% -- Upgrade

Basic Info

Investment Strategy
The Fund’s primary investment objective is current income exempt from regular U.S. federal income taxes (but which may be includable in taxable income for purposes of the Federal alternative minimum tax). The Fund’s secondary investment objective is total return.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style --
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name Muni National Long
Category Index Bloomberg Municipal TR USD
Global Category Name US Municipal Fixed Income
YCharts Categorization US Municipal Bond
YCharts Benchmark Bloomberg Municipal Bond (^BBMBTR)
Prospectus Objective Income
Fund Owner Firm Name RiverNorth Capital Management, LLC
Prospectus Benchmark Index
Bloomberg Municipal TR USD 100.0%
Broad Asset Class Benchmark Index
^BBMBTR 100.0%
Manager Tenure
John Lawlor 4.02 yrs
John Loffredo 4.02 yrs
Mike Petty 4.02 yrs
Patrick Galley 4.02 yrs
Robert Burke 4.02 yrs
Robert DiMella 4.02 yrs
Scott Sprauer 4.02 yrs
Steve O'Neil 4.02 yrs

Performance Versus Category

 
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5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
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Total Return (NAV)
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Category Rtn. (NAV)
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% Rank in Cat (NAV)
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As of April 18, 2024. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2017
2018
2019
2020
2021
2022
2023
YTD
--
--
--
--
10.78%
-22.81%
9.17%
4.95%
5.45%
1.28%
7.54%
5.21%
1.52%
-8.53%
6.40%
-1.44%
--
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19.25%
0.62%
14.82%
-21.33%
0.18%
3.73%
--
--
--
-2.08%
19.68%
-23.42%
5.90%
5.59%
--
--
--
--
--
-26.61%
4.52%
6.66%
8.63%
-0.95%
15.59%
9.38%
3.60%
-12.53%
4.52%
--
As of April 18, 2024.

Asset Allocation

As of December 31, 2023.
Type % Net % Long % Short
Cash 2.31% Upgrade Upgrade
Stock 0.13% Upgrade Upgrade
Bond 97.76% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred -0.21% Upgrade Upgrade
Other 0.01% Upgrade Upgrade

Basic Info

Investment Strategy
The Fund’s primary investment objective is current income exempt from regular U.S. federal income taxes (but which may be includable in taxable income for purposes of the Federal alternative minimum tax). The Fund’s secondary investment objective is total return.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style --
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name Muni National Long
Category Index Bloomberg Municipal TR USD
Global Category Name US Municipal Fixed Income
YCharts Categorization US Municipal Bond
YCharts Benchmark Bloomberg Municipal Bond (^BBMBTR)
Prospectus Objective Income
Fund Owner Firm Name RiverNorth Capital Management, LLC
Prospectus Benchmark Index
Bloomberg Municipal TR USD 100.0%
Broad Asset Class Benchmark Index
^BBMBTR 100.0%
Manager Tenure
John Lawlor 4.02 yrs
John Loffredo 4.02 yrs
Mike Petty 4.02 yrs
Patrick Galley 4.02 yrs
Robert Burke 4.02 yrs
Robert DiMella 4.02 yrs
Scott Sprauer 4.02 yrs
Steve O'Neil 4.02 yrs

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