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The Rivernorth Managed Duration Municipal Income Fund Inc. (RMM) is a closed-end investment vehicle dedicated to fixed-income assets. It was launched and is managed by RiverNorth Capital Management, LLC, with MacKay Shields LLC serving as co-manager. The fund's strategy involves investing in the U.S. fixed-income markets, with a primary focus on investment-grade municipal debt across all maturities. To guide its investment decisions, the fund utilizes a combination of fundamental and quantitative analysis, underpinned by proprietary research for portfolio construction. Its performance is…
Is RMM's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
October 2026 mirrors October 2023 by offering attractive buying windows as Treasury yields test multi-decade peaks. Experiential real estate and municipal debt funds trade at deep discounts driven purely by interest rate movements. Trading under 10x FFO, EPR provides an attractive entry point ahead of an expected 2027 dividend increase.
Rivernorth Managed Duration Municipal Income Fund Inc. (NYSE: RMM - Get Free Report) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 6,735 shares, a drop of 89.8% from the September 15th total of 65,899 shares. Based on an average trading volume of 117,098
RiverNorth Managed Duration Muni Income Fund offers retail investors exposure to municipal bonds with a focus on tax-exempt income. RMM has underperformed cash over the past 15 months due to the broader bond market sell-off. The fund's primary objective is current income exempt from federal taxes, with a secondary goal of total return.
The Fed's overnight target rate cuts have entirely failed to suppress long-duration yields, creating buying opportunities at the long end of the curve. Fixed-rate debt obligations with long maturities are trading at their cheapest real valuation points in two decades. Opportunities include mortgages, treasury bonds, and municipal bonds.
Large-caps are trading at a staggering 20.8x P/E, a dangerous valuation disconnect last seen in 2001. Without valuation expansion over the last 15 years, the S&P 500 would be 33% lower. Small and mid-caps are locked in at a historically reasonable and highly attractive 16x P/E.