Performance analysis of RiverNorth Managed Duration Municipal Income Fund II (RMMZ)
Annual Return
Over the past 3 years, RMMZ has had an average annual return of +5.36%, underperforming the benchmark SPY, which returned +19.62% annual.
Since Feb 11, 2022, RMMZ has had an average annual return of +2.55%, underperforming the benchmark SPY, which returned +14.23% annual.
| 2026 | 2025 | 2024 | 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| +6.99% | +4.97% | +2.73% | +11.17% | -12.82% |
Monthly Return
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annually Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +2.27% | +1.86% | -1.12% | +1.50% | +0.86% | +1.82% | -0.35% | +6.99% | |||||
| 2025 | +7.56% | -0.35% | -3.17% | -5.27% | +0.83% | -1.36% | -0.11% | +5.54% | +3.21% | +1.37% | -2.43% | -0.25% | +4.97% |
| 2024 | +2.73% | +0.99% | +1.18% | -3.29% | +2.69% | +3.40% | -0.76% | -0.34% | +3.52% | -2.23% | +0.94% | -5.69% | +2.73% |
| 2023 | +8.75% | -6.52% | -0.54% | +2.51% | -2.20% | +8.18% | +1.07% | -2.98% | -7.06% | -7.33% | +11.95% | +7.24% | +11.17% |
| 2022 | +7.87% | -3.04% | -12.88% | +3.80% | -5.66% | +6.30% | -2.77% | -6.50% | -7.00% | +11.12% | -2.17% | -12.82% |
Drawdown analysis of RiverNorth Managed Duration Municipal Income Fund II (RMMZ)
The maximum drawdown for the RMMZ was -27.10%, occurring on Oct 30, 2023. Recovery took 567 trading sessions.
The current RMMZ drawdown is -0.48%.
Since Feb 11, 2022 RMMZ has experienced the following drawdowns:
- 20% or more: 1 time
- 10% or more: 1 time
| Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.10% | Mar 1, 2022 | 419 | Oct 30, 2023 | 567 | Feb 4, 2026 | 986 |
| -5.59% | Feb 13, 2026 | 26 | Mar 24, 2026 | 29 | May 5, 2026 | 55 |
| -2.77% | May 15, 2026 | 5 | May 22, 2026 | 16 | Jun 16, 2026 | 21 |
| -1.00% | Jul 6, 2026 | 5 | Jul 13, 2026 | Ongoing | Ongoing | Ongoing |
| -0.60% | Jun 18, 2026 | 3 | Jun 24, 2026 | 4 | Jun 30, 2026 | 7 |
| -0.57% | Jun 16, 2026 | 1 | Jun 17, 2026 | 1 | Jun 18, 2026 | 2 |
| -0.53% | Jun 30, 2026 | 1 | Jul 1, 2026 | 2 | Jul 6, 2026 | 3 |
| -0.50% | Feb 25, 2022 | 1 | Feb 28, 2022 | 1 | Mar 1, 2022 | 2 |
| -0.27% | Feb 10, 2026 | 1 | Feb 11, 2026 | 1 | Feb 12, 2026 | 2 |
| -0.19% | Feb 4, 2026 | 1 | Feb 5, 2026 | 3 | Feb 10, 2026 | 4 |
| -0.16% | May 13, 2026 | 1 | May 14, 2026 | 1 | May 15, 2026 | 2 |
| -0.10% | May 8, 2026 | 2 | May 12, 2026 | 1 | May 13, 2026 | 3 |
| -0.05% | Feb 14, 2022 | 2 | Feb 16, 2022 | 1 | Feb 17, 2022 | 3 |
| -0.05% | Feb 22, 2022 | 1 | Feb 23, 2022 | 1 | Feb 24, 2022 | 2 |