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RiverNorth Managed Duration Municipal Income Fund Inc (RMM)
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Upturn Advisory Summary
01/07/2026: RMM (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit -8.16% | Avg. Invested days 56 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 01/07/2026 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 263.72M USD | Price to earnings Ratio 16.91 | 1Y Target Price - |
Price to earnings Ratio 16.91 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta - | 52 Weeks Range 12.30 - 15.59 | Updated Date 06/30/2025 |
52 Weeks Range 12.30 - 15.59 | Updated Date 06/30/2025 | ||
Dividends yield (FY) 8.13% | Basic EPS (TTM) 0.79 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) - | Return on Equity (TTM) -1666.11% |
Valuation
Trailing PE 16.91 | Forward PE - | Enterprise Value - | Price to Sales(TTM) 14.06 |
Enterprise Value - | Price to Sales(TTM) 14.06 | ||
Enterprise Value to Revenue 25.23 | Enterprise Value to EBITDA - | Shares Outstanding 19739600 | Shares Floating - |
Shares Outstanding 19739600 | Shares Floating - | ||
Percent Insiders 0.39 | Percent Institutions 18.63 |
Upturn AI SWOT
RiverNorth Managed Duration Municipal Income Fund Inc
Company Overview
History and Background
RiverNorth Managed Duration Municipal Income Fund Inc. (RMM) is a closed-end fund focused on investing in municipal bonds. It is managed by RiverNorth Capital Management, LLC. The fund aims to provide current income that is exempt from federal income tax. Specific founding dates and major historical milestones beyond its operational focus are not readily available as it functions as an investment fund rather than a traditional operating company.
Core Business Areas
- Municipal Bond Investing: The fund's core business is investing in a diversified portfolio of municipal securities issued by state and local governments and their agencies. These investments are chosen to generate tax-exempt income.
Leadership and Structure
As a closed-end fund, RiverNorth Managed Duration Municipal Income Fund Inc. is overseen by a Board of Trustees. The day-to-day management and investment decisions are handled by RiverNorth Capital Management, LLC, acting as the investment advisor.
Top Products and Market Share
Key Offerings
- Managed Duration Municipal Income Fund (RMM): The fund's primary offering is its shares, which represent ownership in a portfolio of municipal bonds. The fund aims to generate income and capital appreciation. Market share data for individual closed-end funds is not typically reported in the same way as for operating companies. Its competitors are other municipal bond funds (closed-end and open-end) and individual municipal bonds. Specific competitor names would include other CEFs from firms like BlackRock, PIMCO, and Franklin Templeton, as well as broad municipal bond ETFs.
Market Dynamics
Industry Overview
The municipal bond market is a significant sector of the U.S. fixed-income landscape, offering tax advantages for investors. The market is influenced by interest rate movements, economic conditions, and municipal issuer credit quality. The closed-end fund structure provides a fixed pool of capital, allowing managers to focus on longer-term strategies without significant liquidity concerns from shareholder redemptions, but also leading to potential premium/discount trading relative to Net Asset Value (NAV).
Positioning
RiverNorth Managed Duration Municipal Income Fund Inc. positions itself as a provider of tax-exempt income through active management of a diversified municipal bond portfolio. Its competitive advantages are likely derived from its investment advisory team's expertise in municipal credit analysis and duration management within the closed-end fund wrapper.
Total Addressable Market (TAM)
The total addressable market for municipal bonds is substantial, with trillions of dollars outstanding. RiverNorth Managed Duration Municipal Income Fund Inc. participates in a segment of this market focused on income-seeking investors, particularly those in higher tax brackets. Its specific market share within the broader municipal bond fund industry is a fraction of the total, as it competes with numerous other funds and investment vehicles.
Upturn SWOT Analysis
Strengths
- Focus on tax-exempt income, attractive to high-income investors.
- Active management by RiverNorth Capital Management, LLC.
- Closed-end fund structure can allow for more stable portfolio management.
- Diversified municipal bond holdings reduce single issuer risk.
Weaknesses
- Closed-end funds can trade at a discount or premium to NAV, affecting investor returns.
- Interest rate risk inherent in bond investing.
- Credit risk of municipal issuers.
- Performance is directly tied to the broader municipal bond market and interest rate environment.
Opportunities
- Potential for capital appreciation if interest rates decline or credit quality improves.
- Increased demand for tax-exempt income amid rising tax rates.
- Opportunities to identify undervalued municipal credits.
- Strategic use of leverage to enhance yield.
Threats
- Rising interest rates can decrease bond values and increase borrowing costs.
- Deterioration of municipal issuer credit quality due to economic downturns.
- Changes in tax laws that reduce the attractiveness of municipal bonds.
- Increased competition from other income-generating investments and funds.
Competitors and Market Share
Key Competitors
- Nuveen Municipal Value Fund Inc. (NUV)
- BlackRock Municipal Bond Trust (BBK)
- Invesco Municipal Trust (VKQ)
- PIMCO Municipal Income Fund III (PMX)
- Franklin Municipal Bond Fund (FLMBX)
Competitive Landscape
RiverNorth Managed Duration Municipal Income Fund Inc. competes in a crowded space of municipal bond funds. Its competitive advantages lie in its specific management approach to duration and credit selection, potentially offering unique yield or risk profiles compared to broader market funds. However, it faces intense competition from larger, more established players with greater brand recognition and potentially lower expense ratios.
Growth Trajectory and Initiatives
Historical Growth: Growth for a closed-end fund is primarily measured by the growth in its NAV and the total return delivered to shareholders over time. Fluctuations are common due to market dynamics.
Future Projections: Future projections are subject to market conditions, interest rate movements, and the manager's ability to select favorable municipal bonds. Analyst estimates for closed-end funds are less common than for operating companies.
Recent Initiatives: Information on specific recent strategic initiatives is best obtained from the fund's official reports and announcements. These might include adjustments to leverage, sector allocations, or duration management strategies.
Summary
RiverNorth Managed Duration Municipal Income Fund Inc. is a specialized closed-end fund focused on tax-exempt municipal bonds. Its strengths lie in its tax-advantaged income generation and active management. However, it faces significant risks from interest rate volatility and credit downgrades. The fund needs to vigilantly manage its portfolio to navigate changing market conditions and maintain its competitive edge against a crowded field of municipal bond investment options.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Fund prospectuses and filings (SEC EDGAR)
- Financial data providers (e.g., Morningstar, Bloomberg)
- RiverNorth Capital Management, LLC website
Disclaimers:
This information is for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results. Investors should conduct their own due diligence and consult with a qualified financial advisor before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About RiverNorth Managed Duration Municipal Income Fund Inc
Exchange NYSE | Headquaters Chicago, IL, United States | ||
IPO Launch date 2019-07-26 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
Rivernorth Managed Duration Municipal Income Fund Inc. is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by MacKay Shields LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal debt securities. It seeks to invest in securities of any maturity. The fund employs a combination of fundamental and quantitative analysis. It benchmarks the performance of its portfolio against the Bloomberg Barclays Municipal Bond Index. The fund employs proprietary research to create its portfolio. Rivernorth Managed Duration Municipal Income Fund Inc. was formed on July 26, 2019 and is domiciled in the United States.
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