RiverNorth Managed Duration Municipal Income Fund II Inc. (RMMZ) Alternatives
RiverNorth Managed Duration Municipal Income Fund II Inc. (RMMZ) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with RMMZ. 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 RMMZ
RMMZ charges 0.00% annually. Among mutual funds in the Municipal Bonds category, these options have the lowest expense ratios among RMMZ alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Western Asset Managed Municipals Fund Inc | 0.01% | Jun 26, 1992 | RMMZ vs MMU | |
| Western Asset SMASh Series TF Fund | 0.01% | Dec 22, 2015 | RMMZ vs LSMSX | |
| Eaton Vance Municipal Bond Fund | 0.01% | Dec 3, 1993 | RMMZ vs EIM | |
| Nuveen Select Maturities Municipal Fund | 0.03% | Sep 18, 1992 | RMMZ vs NIM | |
| NYLI MacKay DefinedTerm Muni Opportunities Fund | 0.03% | Jun 26, 2012 | RMMZ vs MMD |
Best Risk-Adjusted Alternatives to RMMZ
Among mutual funds in the Municipal Bonds 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 | |
|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | 100 | Dec 4, 2002 | RMMZ vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | Apr 21, 2016 | RMMZ vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | 99 | Dec 25, 2017 | RMMZ vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | Feb 2, 2021 | RMMZ vs FHMIX | |
| JPMorgan Ultra-Short Municipal Fund | 99 | May 30, 2016 | RMMZ vs USMTX |
Top Performing RMMZ Alternatives (YTD)
RMMZ alternatives from the Municipal Bonds category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Nuveen Massachusetts Quality Municipal Income Fund | 10.44% | Jan 12, 1993 | RMMZ vs NMT | |
| RiverNorth Opportunistic Municipal Income Fund | 7.10% | — | RMMZ vs RMI | |
| Nuveen Municipal Income Fund, Inc. | 6.43% | Apr 20, 1998 | RMMZ vs NMI | |
| Nuveen California Municipal Value Fund | 5.80% | Oct 7, 1987 | RMMZ vs NCA | |
| Nuveen Minnesota Quality Municipal Income Fund | 5.76% | Jun 25, 1993 | RMMZ vs NMS |
Lowest Volatility Alternatives to RMMZ
RMMZ alternatives from the Municipal Bonds category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.68% | Aug 19, 2002 | RMMZ vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.69% | May 31, 2016 | RMMZ vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.70% | May 30, 2016 | RMMZ vs USMTX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.71% | Apr 11, 2022 | RMMZ vs DFABX | |
| BlackRock Allocation Target Shares | 0.76% | May 20, 2021 | RMMZ vs BATVX |
Lowest Drawdown Alternatives to RMMZ
RMMZ alternatives from the Municipal Bonds category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | May 20, 2021 | RMMZ vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | Dec 4, 2002 | RMMZ vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | Apr 21, 2016 | RMMZ vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.20% | Dec 25, 2017 | RMMZ vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | -0.20% | Feb 2, 2021 | RMMZ vs FHMIX |
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% | — | RMMZ vs RIV | |
| RiverNorth Flexible Municipal Income Fund II Inc. | Municipal Bonds | 8 | 1.79% | — | RMMZ vs RFMZ | |
| RiverNorth Capital and Income Fund | High Yield Bonds | 49 | 4.23% | — | RMMZ vs RSF | |
| RiverNorth Flexible Municipal Income Fund | High Yield Muni | 9 | 2.29% | — | RMMZ vs RFM |
Often Compared With RMMZ
What investors most often compare with RMMZ, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Western Asset Municipal High Income Fund Inc | Municipal Bonds | 5 | 2.39% | Nov 28, 1988 | RMMZ vs MHF | |
| Nuveen Virginia Quality Municipal Income Fund | Municipal Bonds | 8 | 4.12% | Mar 18, 1993 | RMMZ vs NPV |
Compare RMMZ with Any Fund or Stock
Compare RMMZ with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.