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RiverNorth Flexible Municipal Income Fund (RFM)

National Muni Bond Funds - National Municipal (tax-free) Bond

Data as of Dec. 6, 2024
Current
Market Price $15.97 (- $0.01)
NAV (Dec. 6, 2024) $17.38 (+ $0.03)
Fund Listed NYSE
Premium / Discount -8.11% (-0.22%)
Fund Info
Inception March 27, 2020
Sponsor RiverNorth Capital Managment, LLC
Website https://www.rivernorth...
Phone
NAV Symbol XRFMX
Location Illinois
Incorporated Maryland
Staggered Board Yes
Term Date March 26, 2035
Objective: To provide current income exempt from regular U.S. federal income taxes with a secondary objective of total return.
Related Indexes
Term Municipal Fund Index
Capital & Leverage
Outstanding Shares 6,114,699
Total Assets (Reported: June 30, 2024) $170M
Estimated Total Assets $172M
Net Assets $106M
Market Cap $98M
Portfolio Turnover 76.00%
Total Leverage 38.10%
Structural Leverage (out of total) 0.00%
Portfolio Leverage (out of total) 100.00%
Expense Ratio 5.15%
Non Lev Exp Ratio 2.45%
Rel Lev Cost 4.36%
Discount Data
Average Discount (3 Yr) -7.74%
Discount Low(3 Yr) -14.27%
Discount High(3 Yr) -2.27%
Discount Rel Range (3 Yr) 51.31%
Comp Discount -0.35
Discount St Dev (1Yr) 1.62
Z-Stat
Z-Stat (6mo) -1.41
Z-Stat (1Yr) -0.77
Z-Stat (3Yr) -0.18
Comp Z-Stat (6mo) -1.11
Comp Z-Stat (3Yr) -0.43
Distribution Data
Market Yield 7.17%
Income Yield 2.99%
Lev Adj NAV Yield 4.77%
Distribution Frequency M
Current Distribution $0.095
Current Income $0.040
Ex-Date 12/13/24
Payable Date 12/31/24
Div Growth (3yr) -8.45%
Dividend Change -3.2% on 1/2/24
Expected Div 1/2/25
RoC (1yr) 65.49%
RoC (3yr) 30.07%
Tax Dividend Data 2023 2021 - 2023
Income 1.3% 24.1%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 25.3% 27.9%
RoC 53.8% 17.9%
Volume & Liquidity
Average Daily $ (K) $280
Avg Volume 30 day 22,207
Avg Volume 90 day 17,524
Volume Trend 26.72%
Comp Volume Trend 21.93%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
35.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
56.0%
Price Correlation (1yr)
vs. CEFA's National Municipal Bond Index
69.0%
Most Correlated Peer (Mk Pr): BLE 72.0%
NAV - Price Correlation (30 d) 87.4%
NAV - Price Correlation (90 d) 67.7%
NAV - Price Correlation (1 Yr) 47.1%
Price St Dev (1Yr) 10.1%
NAV St Dev (1Yr) 5.0%
Earnings
Earnings / Share (6/30/24) $0.020
Earn Coverage 21.07%
Earnings Trend Down
UNII / Share (6/30/24) $0.133
Rel UNII 27.84
UNII Trend Up
Bond Specific Data
Maturity
Duration 6.90
Credit Rating (rbo) A
Investment Grade 91.00%
Non Investment Grade 2.00%
Unrated Bonds 7.00%
Average Bond Price 94.68
Discount vs Price -13.43
Coupon 4.98%
Zero Coupon 0.00%
AMT 17.70%
AMT Yield 6.81%
Bond Calls Risk None%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.31
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.55
NAV Beta (2yr)
vs. CEFA's National Municipal Bond Index
0.68

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

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