RiverNorth Managed Duration Municipal Income Fund II (RMMZ)

• Market cap: $125M
• 1 day: 0.13%
• 5 days: -3.57%
• 1 month: -5.30%
• 3 months: -8.00%
• 6 months: -6.78%
• Year to date: -5.66%
• 1 year: -3.64%
• 5 years: -19.96%
• 10 years: -19.96%

About: RiverNorth Managed Duration Municipal Income Fund II Inc is a diversified, closed-end management investment company. The Fund's primary investment objective is current income exempt from regular U.S. federal income taxes. The Fund's secondary investment objective is total return.

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

50% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 2

5% more funds holding

Funds holding: 20 [Q2] → 21 (+1) [Q3]

2.35% less ownership

Funds ownership: 15.91% [Q2] → 13.56% (-2.35%) [Q3]

14% less capital invested

Capital invested by funds: $21.9M [Q2] → $18.8M (-$3.13M) [Q3]

33% less repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 9