Rivernorth Managed Duration Municipal Income Fund (RMM) Total Return Calculator
$10,000 since Jul 2019, with and without reinvesting · data through Oct 2026
Since Jul 2019, $10,000 became $10,829 reinvested (1.1% a year), or $10,548 taking the dividends as cash, $3,883 of it paid out along the way.
RMM became
$10,829
S&P 500: $28,212
Return a year
1.1%
S&P 500: 15.4%
Payouts reinvested
$4,906
bought more shares
Worst drop
-31.8%
S&P 500: -23.9%
$10,000, Jul 2019 to Oct 2026
Payouts reinvested · S&P 500 reinvested
| Year | RMM total return | Paid out | S&P 500 |
|---|---|---|---|
| 2026 (part) | +4.0% | $660 | +11.7% |
| 2025 | +1.9% | $791 | +17.7% |
| 2024 | +9.3% | $750 | +24.9% |
| 2023 | +6.0% | $694 | +26.2% |
| 2022 | −23.5% | $646 | −18.2% |
| 2021 | +19.6% | $609 | +28.7% |
| 2020 | −2.1% | $568 | +18.3% |
| 2019 (part) | −1.5% | $187 | +9.2% |
"Paid out" is what your holding received that year. Month-end prices; no costs or taxes.
Key facts: RMM total return
Data as of · Source: SmarterDividends data
- $10,000 invested in Rivernorth Managed Duration Municipal Income Fund (RMM) at the end of Jul 2019, with dividends reinvested, was worth $10,829 at the end of Oct 2026: 1.1% a year, against $28,212 (15.4% a year) in the S&P 500.
- Over the 5 years to Oct 2026, RMM returned -0.3% a year with dividends reinvested (S&P 500: 12.0%).
- Taking RMM's dividends as cash instead of reinvesting them, the same $10,000 ended at $10,548, including $3,883 of cash received; reinvesting added $281.
- RMM's best calendar year in that time was 2021 (19.6%) and its worst 2022 (-23.5%), with dividends reinvested.
Cite this page
SmarterDividends, "Rivernorth Managed Duration Municipal Income Fund (RMM) Total Return Calculator," updated Nov 5, 2026, https://smarterdividends.com/stocks/RMM/total-return
RMM total return questions
What is RMM's total return since Jul 2019?
8% in total, or 1.1% a year, through Oct 2026 with dividends reinvested. The share price alone fell 33%.
How much of RMM's return came from dividends?
About 100% of its yearly return since Jul 2019. Reinvesting them, rather than taking cash, left you $281 better off on a $10,000 start.
What was RMM's worst year?
2022, at -23.5% with dividends reinvested (S&P 500: -18.2%). Its deepest fall from a peak, on month-end values, was -31.8%.
How is total return calculated here?
From month-end prices: the adjusted price counts every dividend reinvested in the month it was paid; the plain price doesn't. The S&P 500 is SPY with its dividends reinvested. No trading costs or taxes.