RiverNorth Managed Duration Muni Inc Fd (RMM)
15.11
+0.05
(+0.33%)
USD |
NYSE |
Mar 28, 14:15
Key Stats
| Expense Ratio | Discount or Premium to NAV | Total Assets Under Management | 30-Day Average Daily Volume |
|---|---|---|---|
| 2.79% | -6.46% | 315.04M | 33443.63 |
| Dividend Yield | Turnover Ratio | 1 Year Fund Level Flows | Max Drawdown (All) |
| 4.10% | 109.0% | -- | Upgrade |
Basic Info
| Investment Strategy | |
| .Under normal market conditions, 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 (“Municipal Bonds”). |
| 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 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 | |
| David Dowden | 3.60 yrs |
| John Loffredo | 3.60 yrs |
| Michael Petty | 3.60 yrs |
| Patrick Galley | 3.60 yrs |
| Robert Burke | 3.60 yrs |
| Robert DiMella | 3.60 yrs |
| Scott Sprauer | 3.60 yrs |
| Stephen O'Neill | 3.60 yrs |
Net Fund Flows Versus Category
1 Month
% Rank:
--
--
Category Low
--
Category High
1 Year
% Rank:
--
-2.485B
Category Low
4.886B
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:
--
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Category Low
--
Category High
Date Unavailable
Risk
Performance Versus Category
As of March 27, 2023. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of March 27, 2023.
Asset Allocation
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| BlackRock Liquidity MuniCash Instl | 17.08% | 0.9999 | 0.00% |
| Nuveen AMT-Free Quality Muni Inc | 7.18% | 10.94 | 0.51% |
|
SWEETWATER CALIF UN HIGH SCH DIST 4%
|
6.74% | -- | -- |
|
ILLINOIS ST 5%
|
5.75% | -- | -- |
| Nuveen Quality Muni Income Fund | 5.37% | 11.30 | 0.18% |
|
TEXAS PRIVATE ACTIVITY BD SURFACE TRANSN CORP REV 5%
|
4.78% | -- | -- |
|
LOS ANGELES CALIF DEPT ARPTS REV 5%
|
4.72% | -- | -- |
|
DALLAS TEX AREA RAPID TRAN SALES TAX REV 5%
|
4.52% | -- | -- |
|
PENNSYLVANIA ST TPK COMMN TPK REV 4%
|
4.51% | -- | -- |
| Nuveen Municipal Credit Income | 4.29% | 11.61 | 0.61% |
News
Headline
Wire
Time (ET)
SA Breaking News
07/05 12:25
SA Breaking News
04/12 14:03
SA Breaking News
07/14 11:32
SA Breaking News
04/01 18:07
SA Breaking News
01/04 17:46
SA Breaking News
10/05 16:40
SA Breaking News
07/07 16:35
SA Breaking News
04/06 16:37
Basic Info
| Investment Strategy | |
| .Under normal market conditions, 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 (“Municipal Bonds”). |
| 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 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 | |
| David Dowden | 3.60 yrs |
| John Loffredo | 3.60 yrs |
| Michael Petty | 3.60 yrs |
| Patrick Galley | 3.60 yrs |
| Robert Burke | 3.60 yrs |
| Robert DiMella | 3.60 yrs |
| Scott Sprauer | 3.60 yrs |
| Stephen O'Neill | 3.60 yrs |
Fundamentals
| General | |
| Distribution Yield | Upgrade |
| Dividend Yield TTM (3-28-23) | 4.10% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Number of Holdings | Upgrade |
| Bond | |
| Current Yield | 4.75% |
| 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 | 7/25/2019 |
| Last Annual Report Date | 6/30/2022 |
| Last Prospectus Date | 7/25/2019 |
| Attributes | |
| Index Fund | No |
| Inverse Fund | No |
| Leveraged Fund | No |
| 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
07/05 12:25
SA Breaking News
04/12 14:03
SA Breaking News
07/14 11:32
SA Breaking News
04/01 18:07
SA Breaking News
01/04 17:46
SA Breaking News
10/05 16:40
SA Breaking News
07/07 16:35
SA Breaking News
04/06 16:37