RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI)
15.92
+0.05
(+0.32%)
USD |
NYSE |
Mar 24, 16:00
15.78
-0.14
(-0.91%)
Pre-Market: 20:00
Key Stats
| Expense Ratio | Discount or Premium to NAV | Total Assets Under Management | 30-Day Average Daily Volume |
|---|---|---|---|
| 2.48% | -6.30% | 108.30M | 15493.03 |
| Dividend Yield | Turnover Ratio | 1 Year Fund Level Flows | Max Drawdown (All) |
| 3.10% | 94.00% | -- | 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 | Medium Quality/Extensive Sensitivity |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Category Name | Muni National Interm |
| Category Index | Bloomberg Municipal 1-15 Yr 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 | |
| BBgBarc US Muni Bd | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
| Manager Tenure | |
| David Dowden | 4.35 yrs |
| John Loffredo | 4.35 yrs |
| Patrick Galley | 4.35 yrs |
| Robert Burke | 4.35 yrs |
| Robert DiMella | 4.35 yrs |
| Scott Sprauer | 4.35 yrs |
| Mike Petty | 0.67 yrs |
| Steve O'Neill | 0.67 yrs |
Net Fund Flows Versus Category
1 Month
% Rank:
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Category High
1 Year
% Rank:
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-12.87B
Category Low
13.01B
Category High
3 Months
% Rank:
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3 Years
% Rank:
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6 Months
% Rank:
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5 Years
% Rank:
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YTD
% Rank:
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Category Low
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10 Years
% Rank:
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Category High
Date Unavailable
Risk
Performance Versus Category
As of March 24, 2023. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of March 24, 2023.
Asset Allocation
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| BlackRock Liquidity MuniCash Instl | 16.16% | 0.9999 | 0.00% |
|
HONOLULU HAWAII CITY & CNTY 5%
|
7.41% | -- | -- |
| Nuveen AMT-Free Quality Muni Inc | 6.52% | 10.87 | 0.18% |
| Nuveen Quality Muni Income Fund | 5.42% | 11.28 | 0.27% |
|
NEW YORK N Y 5.25%
|
4.92% | -- | -- |
|
MESA ARIZ UTIL SYS REV 5%
|
4.90% | -- | -- |
|
PORT AUTH N Y & N J 5.5%
|
4.86% | -- | -- |
| Western Asset Managed Muni | 4.83% | 10.04 | 0.30% |
| BlackRock MuniYield Qty III | 4.83% | 10.88 | 0.83% |
|
LOS ANGELES CALIF UNI SCH DIST 5.25%
|
4.82% | -- | -- |
News
Headline
Wire
Time (ET)
SA Breaking News
04/12 14:01
SA Breaking News
04/01 18:06
SA Breaking News
01/04 17:45
SA Breaking News
10/05 16:37
SA Breaking News
07/07 16:35
SA Breaking News
04/06 16:38
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 | Medium Quality/Extensive Sensitivity |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Category Name | Muni National Interm |
| Category Index | Bloomberg Municipal 1-15 Yr 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 | |
| BBgBarc US Muni Bd | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
| Manager Tenure | |
| David Dowden | 4.35 yrs |
| John Loffredo | 4.35 yrs |
| Patrick Galley | 4.35 yrs |
| Robert Burke | 4.35 yrs |
| Robert DiMella | 4.35 yrs |
| Scott Sprauer | 4.35 yrs |
| Mike Petty | 0.67 yrs |
| Steve O'Neill | 0.67 yrs |
Fundamentals
| General | |
| Distribution Yield | Upgrade |
| Dividend Yield TTM (3-24-23) | 3.10% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Number of Holdings | Upgrade |
| Bond | |
| Current Yield | 4.82% |
| Yield to Maturity | -- |
| Effective Duration | Upgrade |
| Average Coupon | Upgrade |
| Average Credit Score | Upgrade |
| Average Price | Upgrade |
As of December 31, 2022
Fund Details
| Key Dates | |
| Inception Date | 10/25/2018 |
| Last Annual Report Date | 6/30/2022 |
| Last Prospectus Date | 10/25/2018 |
| Attributes | |
| Index Fund | No |
| Inverse Fund | No |
| Leveraged Fund |
|
| Fund of Funds | No |
| Currency Hedged Fund | No |
| Synthetic Replication Fund | No |
| Has Dividend Investment Plan |
|
| Socially Responsible Fund | No |
News
Headline
Wire
Time (ET)
SA Breaking News
04/12 14:01
SA Breaking News
04/01 18:06
SA Breaking News
01/04 17:45
SA Breaking News
10/05 16:37
SA Breaking News
07/07 16:35
SA Breaking News
04/06 16:38