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Trending ETFs

Name

As of 12/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$16.76

$120 M

0.00%

2.29%

Vitals

YTD Return

-2.4%

1 yr return

-2.4%

3 Yr Avg Return

-9.5%

5 Yr Avg Return

-6.3%

Net Assets

$120 M

Holdings in Top 10

67.8%

52 WEEK LOW AND HIGH

$16.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.29%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 46.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Closed-end mutual fund


Name

As of 12/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$16.76

$120 M

0.00%

2.29%

XRMIX - Profile

Distributions

  • YTD Total Return -2.4%
  • 3 Yr Annualized Total Return -9.5%
  • 5 Yr Annualized Total Return -6.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.79%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    RiverNorth Opportunistic Municipal Income Fund, Inc.
  • Fund Family Name
    Rivernorth Capital Management, LLC
  • Inception Date
    Oct 25, 2018
  • Shares Outstanding
    6373268
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Patrick Galley

Fund Description


XRMIX - Performance

Return Ranking - Trailing

Period XRMIX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.4% -7.3% 36.6% 95.84%
1 Yr -2.4% -7.4% 36.7% 96.04%
3 Yr -9.5%* -11.8% 4.9% 99.39%
5 Yr -6.3%* -7.4% 1103.2% 99.51%
10 Yr N/A* -1.1% 248.8% N/A

* Annualized

Return Ranking - Calendar

Period XRMIX Return Category Return Low Category Return High Rank in Category (%)
2023 -1.3% -1.4% 41.0% 99.93%
2022 -23.3% -39.7% 0.3% 98.91%
2021 -3.6% -5.6% 6.9% 99.86%
2020 1.2% -2.6% 310.0% 72.20%
2019 13.2% 0.0% 26.0% 0.22%

Total Return Ranking - Trailing

Period XRMIX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.4% -7.3% 36.6% 95.84%
1 Yr -2.4% -7.4% 36.7% 96.04%
3 Yr -9.5%* -11.8% 4.9% 99.39%
5 Yr -6.3%* -7.4% 1103.2% 99.51%
10 Yr N/A* -1.1% 248.8% N/A

* Annualized

Total Return Ranking - Calendar

Period XRMIX Return Category Return Low Category Return High Rank in Category (%)
2023 -1.3% -1.3% 41.0% 100.00%
2022 -23.3% -39.7% 1.1% 99.11%
2021 -3.6% -4.8% 23761504.0% 99.86%
2020 1.2% -1.5% 17057.9% 94.54%
2019 16.1% 0.2% 3514.6% 0.36%

NAV & Total Return History


XRMIX - Holdings

Concentration Analysis

XRMIX Category Low Category High XRMIX % Rank
Net Assets 120 M 3.22 M 71.9 B 83.60%
Number of Holdings 95 4 13418 87.11%
Net Assets in Top 10 73.4 M -317 M 3.09 B 54.73%
Weighting of Top 10 67.79% 1.8% 100.3% 1.21%

Top 10 Holdings

  1. BlackRock Liquidity MuniCash Instl 11.83%
  2. Nuveen AMT-Free Quality Muni Inc 11.80%
  3. Nuveen Quality Muni Income Fund 9.87%
  4. HONOLULU HAWAII CITY & CNTY 5% 7.01%
  5. WILL CNTY ILL 5% 6.65%
  6. MIAMI-DADE CNTY FLA 5% 6.27%
  7. Putnam Municipal Opportunities 5.37%
  8. EV Municipal Bond 4.78%
  9. LIVERMORE VALLEY CALIF JT UNI SCH DIST 4% 4.63%
  10. NEW YORK N Y 5.25% 4.60%

Asset Allocation

Weighting Return Low Return High XRMIX % Rank
Bonds
101.11% 0.00% 150.86% 12.35%
Stocks
0.05% 0.00% 99.77% 7.72%
Other
0.02% -3.69% 53.54% 10.21%
Preferred Stocks
0.00% 0.00% 0.07% 48.09%
Convertible Bonds
0.00% 0.00% 0.93% 47.81%
Cash
-1.17% -50.86% 44.62% 99.26%

Stock Sector Breakdown

Weighting Return Low Return High XRMIX % Rank
Utilities
0.00% 0.00% 0.00% 37.50%
Technology
0.00% 0.00% 0.00% 37.50%
Real Estate
0.00% 0.00% 0.00% 37.50%
Industrials
0.00% 0.00% 100.00% 12.50%
Healthcare
0.00% 0.00% 0.00% 37.50%
Financial Services
0.00% 0.00% 0.00% 37.50%
Energy
0.00% 0.00% 0.00% 37.50%
Communication Services
0.00% 0.00% 100.00% 37.50%
Consumer Defense
0.00% 0.00% 0.00% 37.50%
Consumer Cyclical
0.00% 0.00% 100.00% 75.00%
Basic Materials
0.00% 0.00% 0.00% 75.00%

Stock Geographic Breakdown

Weighting Return Low Return High XRMIX % Rank
US
0.05% 0.00% 99.77% 7.72%
Non US
0.00% 0.00% 10.22% 47.08%

Bond Sector Breakdown

Weighting Return Low Return High XRMIX % Rank
Municipal
92.32% 44.39% 100.00% 89.41%
Cash & Equivalents
7.64% 0.00% 44.41% 5.64%
Corporate
0.03% 0.00% 9.41% 16.59%
Derivative
0.00% -3.69% 53.54% 50.50%
Securitized
0.00% 0.00% 5.93% 48.69%
Government
0.00% 0.00% 52.02% 51.79%

Bond Geographic Breakdown

Weighting Return Low Return High XRMIX % Rank
US
95.32% 0.00% 142.23% 86.43%
Non US
5.79% 0.00% 23.89% 0.87%

XRMIX - Expenses

Operational Fees

XRMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.29% 0.01% 8.02% 1.34%
Management Fee 1.05% 0.00% 1.20% 99.46%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

XRMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

XRMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

XRMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 46.00% 0.00% 283.00% 91.29%

XRMIX - Distributions

Dividend Yield Analysis

XRMIX Category Low Category High XRMIX % Rank
Dividend Yield 0.00% 0.00% 14.51% 96.31%

Dividend Distribution Analysis

XRMIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

XRMIX Category Low Category High XRMIX % Rank
Net Income Ratio 2.79% -0.53% 5.33% 10.13%

Capital Gain Distribution Analysis

XRMIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

XRMIX - Fund Manager Analysis

Managers

Patrick Galley


Start Date

Tenure

Tenure Rank

Oct 25, 2018

3.6

3.6%

Patrick joined RiverNorth in 2004 and serves as Chief Investment Officer and Portfolio Manager. Patrick heads the firm's investment team and oversees all portfolio management activities at RiverNorth. Patrick also serves as the President and Chairman of RiverNorth Funds. Prior to joining RiverNorth, Patrick was Vice President at Bank of America in the Global Investment Bank's Portfolio Management group where he specialized in analyzing and structuring corporate transactions for investment management firms in addition to closed-end and open-end funds, hedge funds, fund of funds, structured investment vehicles and insurance/reinsurance companies. Patrick graduated with honors from Rochester Institute of Technology with a B.S. in Finance. He is a CFA Charterholder and member of the CFA Institute and the CFA Society of Chicago.

John Loffredo


Start Date

Tenure

Tenure Rank

Oct 25, 2018

3.6

3.6%

John joined MacKay Shields in July 2009 when the firm acquired the assets of Mariner Municipal Managers LLC. He was the Chairman and co-founder of Mariner Municipal Managers from 2007 to 2009. He has been a municipal portfolio manager and/or municipal analyst since 1990, with a broad range of portfolio management and analytic experience in the municipal markets. John was a Managing Director and Co-Head of BlackRock’s Municipal Portfolio Management Group (from 2006 to 2007). Prior to BlackRock’s merger with Merrill Lynch Investment Managers (MLIM), he served as Chief Investment Officer of the Municipal Products Group. He was employed by Merrill Lynch from 1990 to 2006. Before Merrill Lynch, he worked for the City of Boston Treasury Department. John is a member of the firm’s Senior Leadership Team. He graduated with an MBA and Certificate of Public Management from Boston University and with a Bachelors degree in Finance, cum laude, from Utah State University where he was a Harry S. Truman Scholar. He is a CFA Charterholder.

Robert Burke


Start Date

Tenure

Tenure Rank

Oct 25, 2018

3.6

3.6%

Mr. Burke has managed the MainStay MacKay U.S. Infrastructure Bond Fund since 2019. Mr. Burke joined MacKay Shields as a Managing Director in July 2017. Before joining the firm, he held various leadership roles in capital markets over the last 30 years, spending most of his time in the municipal markets. In his last role, he managed the Global Futures, Derivative Clearing, and Foreign Exchange Prime Brokerage businesses at Bank of America Merrill Lynch. Prior to that, Mr. Burke ran Credit Hedge Fund Sales, the group that was responsible for marketing credit & interest rate derivatives, as well as CLOs and structured products to institutional investors. He also worked in the firm’s private equity group, raising capital for leveraged buyout and venture capital funds. He started his career at Bank of America Merrill Lynch in the municipal bond department covering insurance, hedge fund, and asset management clients. Mr. Burke holds a Master of Business Administration degree from the Gabelli School at Fordham University, and a Bachelor of Arts degree with High Honors in Economics from Colgate University. He is a CFA® charterholder.

Scott Sprauer


Start Date

Tenure

Tenure Rank

Oct 25, 2018

3.6

3.6%

Mr. Sprauer is a Senior Managing Director. He joined MacKay Shields in 2009 as a Portfolio Manager in the Municipal Bond Division. He has managed the MainStay MacKay New York Tax Free Opportunities Fund, MainStay MacKay DefinedTerm Municipal Opportunities Fund since 2012, MainStay MacKay California Tax Free Opportunities Fund since 2013, MainStay MacKay High Yield Municipal Bond Fund, MainStay MacKay Tax Free Bond Fund since 2014 and MainStay MacKay U.S. Infrastructure Bond Fund since 2019. Before joining the firm, he was Head Trader, Fixed Income at Financial Guaranty Insurance Company. Mr. Sprauer was previously with Dreyfus Corporation and Merrill Lynch Investment Managers as a Municipal Bond Portfolio Manager/Trader. He has a BSBA from Villanova University, and has been in the investment management industry since 1991.

Robert DiMella


Start Date

Tenure

Tenure Rank

Oct 25, 2018

3.6

3.6%

Robert joined MacKay Shields in July 2009 when the firm acquired the assets of Mariner Municipal Managers LLC. He was the President and co-founder of Mariner Municipal Managers from 2007 to 2009. He has been a municipal portfolio manager since 1992, with a broad range of trading and portfolio management experience in the municipal markets. Robert was a Managing Director and Co-Head of BlackRock’s Municipal Portfolio Management Group (from 2006 to 2007). Prior to BlackRock’s merger with Merrill Lynch Investment Managers, he served as a Senior Portfolio Manager and Managing Director of the Municipal Products Group. He was employed by Merrill Lynch from 1993 to 2006. Robert is a member of the firm’s Senior Leadership Team. He earned his Master’s degree at Rutgers University Business School and an undergraduate degree at the University of Connecticut. He is a CFA Charterholder.

Stephen O'Neill


Start Date

Tenure

Tenure Rank

Oct 25, 2018

3.6

3.6%

Steve joined RiverNorth in 2007 and serves as Portfolio Manager. Steve co-manages the firm's closed-end fund trading strategies and helps to oversee the firm's closed-end fund investment analysts. Prior to joining RiverNorth, Steve was Assistant Vice President at Bank of America in the Global Investment Bank's Portfolio Management group where he specialized in the corporate real estate, asset management and structured finance industries. Steve graduated Magna Cum Laude from Miami University of Ohio with a B.S. in Finance and a minor in Economics. He is a CFA Charterholder and member of the CFA Institute and the CFA Society of Chicago.

Michael Petty


Start Date

Tenure

Tenure Rank

Oct 25, 2018

3.6

3.6%

Mike joined MacKay Shields in July 2009. Before joining the firm he was a Portfolio Manager for Mariner Municipal Managers. He has been a municipal bond portfolio manager since 1992, and has worked in the municipal products market since 1985. Mike has a broad array of trading, portfolio management, and sales experience. Prior to joining Mariner Municipal Managers, he was a Senior Portfolio Manager at Dreyfus Corporation from 1997 to 2009. From 1992 to 1997, he served as a Portfolio Manager for Merrill Lynch Investment Managers. He is a member of the firm’s Management Committee. Mike graduated from Hobart College with a B.S. in Mathematics and Economics.

David Dowden


Start Date

Tenure

Tenure Rank

Oct 25, 2018

3.6

3.6%

Mr. Dowden is a Managing Director and Portfolio Manager at MacKay Shields. He joined MacKay Shields in 2009 as a Portfolio Manager in the Municipal Bond Division. He has managed the MainStay MacKay New York Tax Free Opportunities Fund, MainStay MacKay DefinedTerm Municipal Opportunities Fund since 2012, MainStay MacKay California Tax Free Opportunities Fund since 2013, MainStay MacKay High Yield Municipal Bond Fund, MainStay MacKay Tax Free Bond Fund since 2014 and MainStay MacKay U.S. Infrastructure Bond Fund since 2019. Before joining the firm, he was Chief Investment Officer at Financial Guaranty Insurance Company. He was previously with Alliance Capital Management as a Senior Portfolio Manager and at Merrill Lynch & Co. as a Municipal Strategist. He has an AB from Brown University and an MBA from Columbia University. He has been in the investment management industry since 1989.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.36 1.58