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RiverNorth Managed Duration Municipal Income Fund II (RMMZ)

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

Data as of Aug. 12, 2022
Market Price $17.59 (+ $0.46)
NAV (May 3, 2022) $18.55 (+ $0.01)
Fund Listed NYSE
Premium / Discount -5.18% (+2.43%)
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 8,455,916
Total Assets (Reported: ) $M
Estimated Total Assets $249M
Net Assets $157M
Market Cap $149M
Portfolio Turnover %
Total Leverage 37.00%
Structural Leverage (out of total) 0.00%
Portfolio Leverage (out of total) 100.00%
Expense Ratio %
Non Lev Exp Ratio %
Rel Lev Cost %
Discount Data
Average Discount (3 Yr) %
Discount Low(3 Yr) -11.12%
Discount High(3 Yr) 3.36%
Discount Rel Range 41.05%
Comp Discount -2.13
Discount St Dev (1Yr)
Z-Stat (6mo) -0.35
Z-Stat (1Yr)
Z-Stat (3Yr)
Comp Z-Stat (6mo) -1.74
Comp Z-Stat (3Yr)
Distribution Data
Market Yield 7.11%
Income Yield 3.29%
Lev Adj NAV Yield 4.92%
Distribution Frequency M
Current Distribution $0.104
Current Income $0.048
Ex-Date 8/16/22
Payable Date 8/31/22
Div Growth (3yr) %
Dividend Change % on
Expected Div 10/3/22
RoC (1yr) 61.09%
RoC (3yr) 61.09%
Volume & Liquidity
Average Daily $ (K) $352
Avg Volume 30 day 19,581
Avg Volume 90 day 19,995
Volume Trend -2.07%
Comp Volume Trend 21.87%
Correlation & Volatility
NAV - Price Correlation (30 d) 65.7%
NAV - Price Correlation (90 d) 68.5%
NAV - Price Correlation (1 Yr) %
Price St Dev (1Yr) %
NAV St Dev (1Yr) %
Earnings / Share () $
Earn Coverage %
Earnings Trend None
UNII / Share () $
UNII Trend None
Bond Specific Data
Duration 6.86
Credit Rating (rbo)
Investment Grade None%
Non Investment Grade None%
Unrated Bonds None%
Average Bond Price None
Discount vs Price
Coupon 4.00%
Zero Coupon 0.00%
AMT 8.10%
AMT Yield 6.95%
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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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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