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RiverNorth Managed Duration Municipal Income Fund II (RMMZ)

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

Data as of March 24, 2023
Market Price $15.00 (+ $0.12)
NAV (March 24, 2023) $16.96 (+ $0.06)
Fund Listed NYSE
Premium / Discount -11.56% (+0.40%)
Fund Info
Inception Feb. 11, 2022
Sponsor RiverNorth Capital Managment, LLC
Website https://www.rivernorth...
Phone 844.569.4750
Location Illinois
Incorporated Maryland (Subject to the Maryland Act)
Staggered Board No
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 8,468,332
Total Assets (Reported: Dec. 31, 2022) $242M
Estimated Total Assets $235M
Net Assets $144M
Market Cap $127M
Portfolio Turnover 205.00%
Total Leverage 38.92%
Structural Leverage (out of total) 0.00%
Portfolio Leverage (out of total) 100.00%
Expense Ratio 3.88%
Non Lev Exp Ratio 2.30%
Rel Lev Cost 2.46%
Discount Data
Average Discount (3 Yr) %
Discount Low(3 Yr) -13.81%
Discount High(3 Yr) 3.36%
Discount Rel Range (3 Yr) 13.15%
Comp Discount -0.64
Discount St Dev (1Yr) 3.42
Z-Stat (6mo) -0.66
Z-Stat (1Yr) -1.11
Z-Stat (3Yr)
Comp Z-Stat (6mo) 0.92
Comp Z-Stat (3Yr)
Distribution Data
Market Yield 7.77%
Income Yield 2.85%
Lev Adj NAV Yield 4.95%
Distribution Frequency M
Current Distribution $0.097
Current Income $0.036
Ex-Date 3/14/23
Payable Date 3/31/23
Div Growth (3yr) %
Dividend Change -6.8% on 1/3/23
Expected Div 4/3/23
RoC (1yr) 60.49%
RoC (3yr) 61.87%
Volume & Liquidity
Average Daily $ (K) $392
Avg Volume 30 day 19,258
Avg Volume 90 day 26,112
Volume Trend -26.25%
Comp Volume Trend -4.12%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's National Municipal Bond Index
Most Correlated Peer (Mk Pr): MQT 67.0%
NAV - Price Correlation (30 d) 80.4%
NAV - Price Correlation (90 d) 96.7%
NAV - Price Correlation (1 Yr) 92.4%
Price St Dev (1Yr) 27.1%
NAV St Dev (1Yr) 9.7%
Earnings / Share (12/31/22) $0.044
Earn Coverage 45.73%
Earnings Trend None
UNII / Share (12/31/22) $-0.429
Rel UNII -100.26
UNII Trend None
Bond Specific Data
Duration 10.76
Credit Rating (rbo) None
Investment Grade None%
Non Investment Grade None%
Unrated Bonds None%
Average Bond Price 94.27
Discount vs Price -17.29
Coupon 5.20%
Zero Coupon 0.00%
AMT 13.60%
AMT Yield 7.47%
Bond Calls Risk None%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's National Municipal Bond Index


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