About the Index
The RiverNorth Municipal Closed-End Fund ("CEF") Index is an equal weighted index of 50 national municipal
closed-end funds. The
rules-based index has two objectives: 1) to ensure the index constituents reflect the national municipal
closed-end fund market as a whole, and, 2) to ensure the index constituents have trading
liquidity. To accomplish these objectives, the RiverNorth methodology selects the 50 most liquid national
municipal closed-end funds and equally weights each security in the index. The index is rebalanced annually
on June 30th.
For more information: info@rivernorth.com
See also: Taxable CEF Index
Performance as of 9.30.2024
|
1 Mo |
3 Mo |
YTD | 1 Year |
3 Year† |
Weighted
Average
Discount |
| RiverNorth Municipal CEF Index (Price) Performance |
2.98% |
6.61% |
13.05% | 29.58% |
-3.39% |
-5.72% |
| RiverNorth Municipal CEF Index (NAV) Performance |
1.48% |
3.43% |
4.24% | 17.50% |
-2.14% |
- - |
| 1 Month |
2.98% |
| 3 Month |
6.61% |
| 1 Year |
29.58% |
| 3 Year |
-3.39% |
| Weighted Average Discount |
-5.72% |
| RiverNorth Municipal CEF Index (NAV) Performance |
| 1 Month |
1.48% |
| 3 Month |
3.43% |
| 1 Year |
17.50% |
3
Year |
-2.14% |
Index Returns as of 9.30.2024
Average Discount1 as of 9.30.2024
Constituents as of 9.30.2024
| Symbol |
Weighting |
Fund Name |
| PML |
2.09% |
PIMCO Municipal Income II |
| NKX |
2.07% |
Nuveen CA AMT - Free Quality Muni Inc |
| NMZ |
2.06% |
Nuveen Muni High Inc Opp |
| OIA |
2.05% |
Invesco Muni Income Opps Trust |
| NVG |
2.05% |
Nuveen AMT-Free Muni Credit Inc |
| MYI |
2.04% |
BlackRock MuniYield Qty III |
| PCK |
2.04% |
PIMCO CA Municipal Income II |
| MUA |
2.03% |
BlackRock MuniAssets Fund |
| MQY |
2.03% |
BlackRock MuniYield Quality |
| NZF |
2.03% |
Nuveen Municipal Credit Income |
| MUJ |
2.02% |
BlackRock MuniHoldings NJ Qty |
| NMCO |
2.02% |
Nuveen Municipal Credit Opps Fund |
| EVN |
2.02% |
EV Municipal Income |
| NAD |
2.02% |
Nuveen Quality Muni Income Fund |
| LEO |
2.01% |
BNY Mellon Strategic Municipals |
| PMO |
2.01% |
Putnam Municipal Opportunities |
| MVF |
2.01% |
BlackRock MuniVest |
| KTF |
2.01% |
DWS Municipal Income |
| IQI |
2.01% |
Invesco Quality Muni Income Trust |
| AFB |
2.01% |
AllianceBernstein Nat Muni Inc |
| VKI |
2.01% |
Invesco Adv Muni Inc II |
| MYD |
2.00% |
BlackRock MuniYield |
| NAN |
2.00% |
Nuveen NY Quality Muni Inc |
| NEA |
2.00% |
Nuveen AMT-Free Quality Muni Inc |
| VCV |
2.00% |
Invesco CA Value Muni Income |
| MMU |
2.00% |
Western Asset Managed Muni |
| DMB |
2.00% |
BNY Mellon Muni Bond Infrastructure |
| IIM |
1.99% |
Invesco Value Muni Income Trust |
| MHI |
1.99% |
Pioneer Municipal High Income |
| PMM |
1.99% |
Putnam Managed Muni Income |
| PMX |
1.99% |
PIMCO Municipal Income III |
| MFM |
1.99% |
MFS Municipal Income |
| MHD |
1.99% |
BlackRock MuniHoldings Fund |
| DSM |
1.99% |
BNY Mellon Strategic Muni Bond |
| BLE |
1.98% |
BlackRock Municipal Income II |
| NUV |
1.98% |
Nuveen Municipal Value |
| NDMO |
1.98% |
Nuveen Dynamic Municipal Opportunities |
| NBH |
1.98% |
Neuberger Berman Municipal |
| NXP |
1.98% |
Nuveen Select TaxFree Income |
| MUC |
1.97% |
BlackRock MuniHoldings CA Qty |
| NAC |
1.97% |
Nuveen CA Quality Muni Income |
| BFK |
1.97% |
BlackRock Municipal Income |
| VKQ |
1.97% |
Invesco Municipal Trust |
| BTT |
1.97% |
BlackRock Municipal 2030 Target Term |
| VGM |
1.97% |
Invesco Muni Invst. Grade Trust |
| MYN |
1.96% |
BlackRock MuniYield NY Quality |
| VMO |
1.95% |
Invesco Muni Opps. Trust |
| MUI |
1.94% |
BlackRock Municipal Income Fund |
| EIM |
1.93% |
EV Municipal Bond |
| NRK |
1.93% |
Nuveen NY AMT - Free Quality Muni Inc |
Disclosures
The index was created and developed by RiverNorth Capital Management, LLC. RiverNorth does not guarantee the accuracy or the completeness of the index or any data included therein and RiverNorth shall have no liability for any errors, omissions or interruptions therein. RiverNorth makes no warranty, express or implied, as to results to be obtained by any person or entity from the use of the index or any data included therein. RiverNorth makes no express or implied warranties, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the index or any data included therein. Without limiting any of the foregoing, in no event shall RiverNorth have any liability for any special, punitive, direct, indirect or consequential damages (including lost profits) arising out of matters relating to the use of the index, even if notified of the possibility of such damages.
The historical values above have not been verified by an independent third party. The historical performance data is for illustrative purposes only and does not represent the actual performance of any investment product. No representation is being made that any investment will achieve performance similar to that shown. The index does not charge management fees or brokerage expenses, and no such fees or expenses were deducted from the historical performance shown. The index is unmanaged and an investor cannot invest directly in the index.
Performance information for the index is for illustrative purposes only and does not represent the performance of any actual investment. The historical performance of the price and NAV of the index should not be taken as an indication of future performance, and no assurance can be given as to the index's value on any date. The data for the historical performance of the index was calculated on materially the same basis on which the performance of the index is now calculated.
1 Discounts are the result of a closed-end fund's market price deviating from its Net Asset Value (NAV).
