Performance analysis of RiverNorth Managed Duration Municipal Income Fund (RMM)
Annual Return
Over the past 3 years, RMM has had an average annual return of +5.60%, underperforming the benchmark SPY, which returned +19.62% annual.
Over the past 5 years, RMM has had an average annual return of -0.12%, underperforming the benchmark SPY, which returned +12.73% annual.
Since Jul 26, 2019, RMM has had an average annual return of +2.18%, underperforming the benchmark SPY, which returned +15.54% annual.
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| +11.44% | +1.97% | +9.25% | +5.90% | -23.42% | +19.67% | -2.08% | -1.46% |
Monthly Return
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annually Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +4.97% | +2.85% | -5.58% | +4.65% | +3% | +2.41% | -0.95% | +11.44% | |||||
| 2025 | +4.28% | +2.01% | -4.88% | -4.03% | +1.02% | -1.45% | +3.87% | -2.10% | +5.74% | +0.56% | -0.79% | -1.67% | +1.97% |
| 2024 | +7.65% | +0.48% | -0.58% | -2.34% | +1.73% | +4.52% | +2.84% | +0.33% | +3.87% | -3.99% | +3.48% | -8.11% | +9.25% |
| 2023 | +14% | -4.24% | -2.44% | +4.81% | -3.38% | +1.02% | +5.31% | -1.63% | -10.95% | -7.62% | +14.22% | -0.15% | +5.90% |
| 2022 | -8.40% | -1.73% | -3.77% | -6.28% | +5.32% | -5.22% | +4.70% | -1.89% | -8.36% | -6.31% | +14.86% | -6.71% | -23.42% |
| 2021 | +4.90% | -3.19% | +4.42% | +8.15% | +0.96% | +1.25% | +5.94% | +0.43% | -6.79% | -1.77% | +3% | +1.73% | +19.67% |
| 2020 | +6.54% | +0.73% | -12.60% | -6.03% | +2.24% | +1.35% | +2.06% | -1.22% | -1.81% | -0.36% | +6.60% | +1.95% | -2.08% |
| 2019 | +0.05% | +2.75% | -1.98% | +1.71% | -2.01% | -1.87% | -1.46% |
Drawdown analysis of RiverNorth Managed Duration Municipal Income Fund (RMM)
The maximum drawdown for the RMM was -35.96%, occurring on Mar 23, 2020. Recovery took 274 trading sessions.
The current RMM drawdown is -4.20%.
Since Jul 26, 2019 RMM has experienced the following drawdowns:
- 30% or more: 2 times
- 20% or more: 2 times
- 10% or more: 2 times
| Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -35.96% | Feb 7, 2020 | 30 | Mar 23, 2020 | 274 | Apr 23, 2021 | 304 |
| -33.26% | Sep 2, 2021 | 539 | Oct 25, 2023 | Ongoing | Ongoing | Ongoing |
| -4.84% | Sep 3, 2019 | 83 | Dec 31, 2019 | 16 | Jan 24, 2020 | 99 |
| -2.47% | Aug 21, 2019 | 3 | Aug 26, 2019 | 5 | Sep 3, 2019 | 8 |
| -2.40% | Jul 14, 2021 | 2 | Jul 16, 2021 | 5 | Jul 23, 2021 | 7 |
| -1.76% | May 11, 2021 | 6 | May 19, 2021 | 11 | Jun 4, 2021 | 17 |
| -1.47% | Aug 13, 2021 | 4 | Aug 19, 2021 | 9 | Sep 1, 2021 | 13 |
| -1.16% | Jan 27, 2020 | 4 | Jan 31, 2020 | 2 | Feb 4, 2020 | 6 |
| -0.98% | Aug 8, 2019 | 6 | Aug 16, 2019 | 3 | Aug 21, 2019 | 9 |
| -0.75% | Jul 30, 2021 | 3 | Aug 4, 2021 | 6 | Aug 12, 2021 | 9 |
| -0.65% | Jul 23, 2021 | 2 | Jul 27, 2021 | 3 | Jul 30, 2021 | 5 |
| -0.55% | May 3, 2021 | 1 | May 4, 2021 | 3 | May 7, 2021 | 4 |
| -0.54% | Jun 28, 2021 | 1 | Jun 29, 2021 | 3 | Jul 2, 2021 | 4 |
| -0.49% | Jun 15, 2021 | 7 | Jun 24, 2021 | 2 | Jun 28, 2021 | 9 |
| -0.20% | Jun 8, 2021 | 1 | Jun 9, 2021 | 1 | Jun 10, 2021 | 2 |
| -0.20% | Jul 26, 2019 | 2 | Jul 30, 2019 | 1 | Jul 31, 2019 | 3 |
| -0.15% | Apr 26, 2021 | 1 | Apr 27, 2021 | 2 | Apr 29, 2021 | 3 |
| -0.10% | Jul 2, 2021 | 1 | Jul 6, 2021 | 1 | Jul 7, 2021 | 2 |
| -0.05% | Jun 11, 2021 | 1 | Jun 14, 2021 | 1 | Jun 15, 2021 | 2 |
| -0.05% | Aug 6, 2019 | 1 | Aug 7, 2019 | 1 | Aug 8, 2019 | 2 |
| -0.04% | Jul 8, 2021 | 1 | Jul 9, 2021 | 1 | Jul 12, 2021 | 2 |