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RiverNorth Managed Duration Municipal Income Fund II (RMMZ)

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

Data as of Dec. 9, 2024
Current
Market Price $15.76 (- $0.19)
NAV (Dec. 9, 2024) $17.61 (+ $0.01)
Fund Listed NYSE
Premium / Discount -10.51% (-1.13%)
Fund Info
Inception Feb. 11, 2022
Sponsor RiverNorth Capital Managment, LLC
Website https://www.rivernorth...
Phone 844.569.4750
NAV Symbol XRMZX
Location Illinois
Incorporated Maryland (Subject to the Maryland Act)
Staggered Board No
Term Date Feb. 16, 2037
Objective: Current income exempt from regular U.S. federal income taxes and total return as secondary objective. The fund will invests at least 80% of its Managed Assets in municipal bonds.
Related Indexes
Term Municipal Fund Index
Capital & Leverage
Outstanding Shares 8,456,769
Total Assets (Reported: June 30, 2024) $241M
Estimated Total Assets $243M
Net Assets $149M
Market Cap $133M
Portfolio Turnover 34.00%
Total Leverage 38.70%
Structural Leverage (out of total) 0.00%
Portfolio Leverage (out of total) 100.00%
Expense Ratio 5.17%
Non Lev Exp Ratio 2.41%
Rel Lev Cost 4.34%
Discount Data
Average Discount (3 Yr) %
Discount Low(3 Yr) -14.88%
Discount High(3 Yr) 3.36%
Discount Rel Range (3 Yr) 23.97%
Comp Discount -2.62
Discount St Dev (1Yr) 1.43
Z-Stat
Z-Stat (6mo) -2.70
Z-Stat (1Yr) -1.52
Z-Stat (3Yr)
Comp Z-Stat (6mo) -2.29
Comp Z-Stat (3Yr)
Distribution Data
Market Yield 7.42%
Income Yield 2.68%
Lev Adj NAV Yield 4.79%
Distribution Frequency M
Current Distribution $0.097
Current Income $0.035
Ex-Date 12/13/24
Payable Date 12/31/24
Div Growth (3yr) %
Dividend Change 0.3% on 1/2/24
Expected Div 1/2/25
RoC (1yr) 66.14%
RoC (3yr) 54.35%
Tax Dividend Data 2023
Income 1.7%
ST Gains 0%
QDI 0%
LT Gains 0%
RoC 70.1%
Volume & Liquidity
Average Daily $ (K) $440
Avg Volume 30 day 35,342
Avg Volume 90 day 27,899
Volume Trend 26.68%
Comp Volume Trend 24.95%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
17.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
40.0%
Price Correlation (1yr)
vs. CEFA's National Municipal Bond Index
50.0%
Most Correlated Peer (Mk Pr): DSM 54.0%
NAV - Price Correlation (30 d) 78.7%
NAV - Price Correlation (90 d) 61.2%
NAV - Price Correlation (1 Yr) 55.5%
Price St Dev (1Yr) 11.2%
NAV St Dev (1Yr) 5.1%
Earnings
Earnings / Share (6/30/24) $0.008
Earn Coverage 7.70%
Earnings Trend Down
UNII / Share (6/30/24) $-0.004
Rel UNII -0.83
UNII Trend Up
Bond Specific Data
Maturity
Duration 7.10
Credit Rating (rbo) None
Investment Grade None%
Non Investment Grade None%
Unrated Bonds None%
Average Bond Price 92.07
Discount vs Price -18.44
Coupon 5.25%
Zero Coupon 0.00%
AMT 12.50%
AMT Yield 7.16%
Bond Calls Risk None%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.27
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.57
NAV Beta (2yr)
vs. CEFA's National Municipal Bond Index
0.71

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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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