RMM RiverNorth Managed Duration Municipal Income CEF

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You can see RMM's holdings by looking at their quarterly filings with the SEC, using this link:  N-Q

RMM RiverNorth Managed Duration Municipal Income CEF Edit This CEF

This is an actively managed closed end fund that seeks current income exempt from regular U.S. federal income taxes1 with a secondary objective of total return. RiverNorth allocates the Fund's managed assets between two principal strategies: Tactical Municipal Closed-End Fund Strategy (managed by RiverNorth) and Municipal Bond Income Strategy (managed by MacKay Shields). RiverNorth Tactical Municipal Closed-End Fund Strategy: 1) Seeks to generate returns through investments in investment companies primarily invested in municipal securities; 2) Seeks to derive value from the discount and premium spreads associated with closed-end funds; 3) Typically invests in municipal closed end funds (CEFs), and exchange traded funds (ETFs). MacKay Shields Municipal Bond Income Strategy: 1) Seeks to generate attractive risk-adjusted tax free income and total return through investments in municipal bonds; 2) Targeted sources of alpha include security selection, sector rotation, yield curve positioning and duration management; 3) Primarily invests in investment grade municipal debt securities with the ability to invest in any credit quality, including securities that are rated below investment grade.

$16.73
As of 08/05/2022     IEX book   CBOE book


CEF Information
Sponsor:     RiverNorth
Category1:  US Fixed Income
Category2:  Municipal bonds
Category3:  Unconstrained
Morningstar category:  
Leverage factor:  1.56    as of 12/31/2021
Inception date:  07/26/2019
Current yield:  7.71%
Historical average yield:  10.12%
Market cap:  $330,439,515
Average volume:  36,991
Fees:     0.0000%
Investment style: Actively managed
All SEC Filings:  SEC Edgar Online
Semi-Annual filings:  N-CSR
Quarterly holdings:  NPORT


Fund NAV:              $17.27
Trading discount:     -3.13%

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