RiverNorth Flexible Municipal Income Fund (RFM) Alternatives
RiverNorth Flexible Municipal Income Fund (RFM) belongs to the High Yield Muni category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with RFM. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to RFM
RFM charges 5.15% annually. Among mutual funds in the High Yield Muni category, these options have the lowest expense ratios among RFM alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Nuveen Municipal Credit Opportunities Fund | 0.04% | Apr 18, 2019 | RFM vs NMCO | |
| BlackRock Allocation Target Shares Series E Portfo... | 0.11% | Aug 3, 2014 | RFM vs BATEX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.18% | May 9, 2007 | RFM vs EWHYX | |
| American High-Income Municipal Bond Fund Class F-3 | 0.31% | Jan 27, 2017 | RFM vs HIMFX | |
| American High-Income Municipal Bond Fund Class F-2 | 0.42% | Aug 1, 2008 | RFM vs AHMFX |
Best Risk-Adjusted Alternatives to RFM
Among mutual funds in the High Yield Muni category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Counterpoint Tactical Municipal Fund | 83 | Jun 10, 2018 | RFM vs TMNIX | |
| Lord Abbett Short Duration High Income Municipal B... | 70 | Jun 14, 2015 | RFM vs SDHIX | |
| T. Rowe Price Tax Free High Yield Fund | 65 | Feb 28, 1985 | RFM vs PRFHX | |
| Invesco Short Duration High Yield Municipal Fund | 54 | Sep 29, 2015 | RFM vs ISHYX | |
| AB Municipal Income Shares | 43 | Aug 31, 2010 | RFM vs MISHX |
Top Performing RFM Alternatives (YTD)
RFM alternatives from the High Yield Muni category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Nuveen Municipal Credit Opportunities Fund | 5.44% | Apr 18, 2019 | RFM vs NMCO | |
| Nuveen Municipal High Income Opportunity Fund | 3.79% | Nov 19, 2003 | RFM vs NMZ | |
| T. Rowe Price Tax Free High Yield Fund | 0.17% | Feb 28, 1985 | RFM vs PRFHX | |
| Invesco Short Duration High Yield Municipal Fund | 0.13% | Sep 29, 2015 | RFM vs ISHYX | |
| Redwood Managed Municipal Income Fund | 0.01% | Mar 8, 2017 | RFM vs RWMIX |
Lowest Volatility Alternatives to RFM
RFM alternatives from the High Yield Muni category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Counterpoint Tactical Municipal Fund | 2.35% | Jun 10, 2018 | RFM vs TMNIX | |
| Lord Abbett Short Duration High Income Municipal B... | 3.46% | Jun 14, 2015 | RFM vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 3.77% | Jan 31, 2013 | RFM vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | 3.83% | Sep 29, 2015 | RFM vs ISHYX | |
| Redwood Managed Municipal Income Fund | 3.89% | Mar 8, 2017 | RFM vs RWMIX |
Lowest Drawdown Alternatives to RFM
RFM alternatives from the High Yield Muni category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Counterpoint Tactical Municipal Fund | -2.21% | Jun 10, 2018 | RFM vs TMNIX | |
| Lord Abbett Short Duration High Income Municipal B... | -3.22% | Jun 14, 2015 | RFM vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | -3.63% | Jan 31, 2013 | RFM vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | -3.79% | Sep 29, 2015 | RFM vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | -3.81% | May 30, 2013 | RFM vs AHYMX |
Other Mutual Funds from RiverNorth
Most popular RiverNorth mutual funds on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| RiverNorth Opportunities Fund | Tactical Allocation | 29 | -2.24% | — | RFM vs RIV | |
| RiverNorth Flexible Municipal Income Fund II Inc. | Municipal Bonds | 8 | 1.79% | — | RFM vs RFMZ | |
| RiverNorth Capital and Income Fund | High Yield Bonds | 49 | 4.23% | — | RFM vs RSF | |
| RiverNorth Opportunistic Municipal Income Fund | Municipal Bonds | 32 | 7.10% | — | RFM vs RMI | |
| RiverNorth Managed Duration Municipal Income Fund ... | Municipal Bonds | 13 | 3.01% | — | RFM vs RMMZ |
Compare RFM with Any Fund or Stock
Compare RFM with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.