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Key Stats

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Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
3.11% -4.38% 149.84M 6637.70
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
4.96% 46.00% -- Upgrade

Basic Info

Investment Strategy
The Fund will seek to achieve its investment objectives by investing, directly or indirectly, at least 80% of its Managed Assets in municipal bonds, the interest on which is, in the opinion of bond counsel to the issuers, generally excludable from gross income for regular U.S. federal income tax purposes, except that the interest may be includable in taxable income for purposes of the Federal alternative minimum tax. In order to qualify to pay exempt-interest dividends, which are items of interest excludable from gross income for federal income tax purposes, the Fund will seek to invest at least 50% of its Managed Assets directly in such Municipal Bonds.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style Medium Quality/Moderate Sensitivity
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name Muni National Interm
Category Index Bloomberg Municipal 1-15 Yr TR USD
Prospectus Objective Income
Fund Owner Firm Name RiverNorth Capital Management, LLC
Broad Asset Class Benchmark Index
^BBMBTR 100.0%
Manager Tenure
David Dowden 2.94 yrs
John Loffredo 2.94 yrs
Michael Petty 2.94 yrs
Patrick Galley 2.94 yrs
Robert Burke 2.94 yrs
Robert DiMella 2.94 yrs
Scott Sprauer 2.94 yrs
Stephen O'Neill 2.94 yrs

Net Fund Flows Versus Category

1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
No Data Available
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: --
-1.282B Category Low
8.364B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
Date Unavailable

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
--
--
--
--
--
--
--
--
Total Return (NAV)
--
--
--
--
--
--
--
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Category Rtn. (NAV)
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--
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--
--
--
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% Rank in Cat (NAV)
--
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As of October 20, 2021. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2014
2015
2016
2017
2018
2019
2020
YTD
--
--
--
--
--
19.25%
0.62%
8.97%
9.05%
3.30%
0.25%
5.45%
1.28%
7.54%
5.21%
0.65%
--
--
--
--
--
--
--
11.36%
--
--
--
--
--
--
-2.08%
16.21%
17.74%
6.68%
9.33%
-4.02%
-9.40%
28.02%
3.73%
9.46%
13.35%
9.81%
-2.47%
2.41%
-6.58%
12.78%
4.62%
7.80%
As of October 20, 2021.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (10-21-21) 4.96%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings Upgrade
Bond
Current Yield 4.05%
Yield to Maturity --
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of June 30, 2021

Asset Allocation

As of June 30, 2021.
Type % Net % Long % Short
Cash 0.81% Upgrade Upgrade
Stock 0.00% Upgrade Upgrade
Bond 99.20% Upgrade Upgrade
Convertible -0.02% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.01% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
Nuveen AMT-Free Quality Muni Inc 11.37% 14.92 -0.33%
Nuveen Quality Muni Income Fund 11.21% 15.32 -0.58%
BlackRock Liquidity MuniCash Instl 9.40% 1.000 0.00%
HONOLULU HAWAII CITY & CNTY 5%
6.14% -- --
BlackRock MuniYield Qty III 4.47% 14.30 -1.24%
NEW YORK N Y 5.25%
4.07% -- --
LOS ANGELES CALIF UNI SCH DIST 5.25%
4.03% -- --
LIVERMORE VALLEY CALIF JT UNI SCH DIST 4%
3.96% -- --
KANSAS CITY MO INDL DEV AUTH ARPT SPL OBLIG 4%
3.71% -- --
MACON CNTY ILL SCH DIST NO 061 DECATUR 4%
3.67% -- --

Basic Info

Investment Strategy
The Fund will seek to achieve its investment objectives by investing, directly or indirectly, at least 80% of its Managed Assets in municipal bonds, the interest on which is, in the opinion of bond counsel to the issuers, generally excludable from gross income for regular U.S. federal income tax purposes, except that the interest may be includable in taxable income for purposes of the Federal alternative minimum tax. In order to qualify to pay exempt-interest dividends, which are items of interest excludable from gross income for federal income tax purposes, the Fund will seek to invest at least 50% of its Managed Assets directly in such Municipal Bonds.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style Medium Quality/Moderate Sensitivity
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name Muni National Interm
Category Index Bloomberg Municipal 1-15 Yr TR USD
Prospectus Objective Income
Fund Owner Firm Name RiverNorth Capital Management, LLC
Broad Asset Class Benchmark Index
^BBMBTR 100.0%
Manager Tenure
David Dowden 2.94 yrs
John Loffredo 2.94 yrs
Michael Petty 2.94 yrs
Patrick Galley 2.94 yrs
Robert Burke 2.94 yrs
Robert DiMella 2.94 yrs
Scott Sprauer 2.94 yrs
Stephen O'Neill 2.94 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (10-21-21) 4.96%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings Upgrade
Bond
Current Yield 4.05%
Yield to Maturity --
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of June 30, 2021

Fund Details

Key Dates
Inception Date 10/25/2018
Last Annual Report Date 6/30/2021
Last Prospectus Date 10/25/2018
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund Yes
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan Yes
Socially Responsible Fund No