RiverNorth Managed Duration Municipal Income Fund II (RMMZ) Total Return Calculator
$10,000 since Feb 2022, with and without reinvesting · data through Oct 2026
Since Feb 2022, $10,000 became $9,844 reinvested (-0.3% a year), or $9,627 taking the dividends as cash, $2,687 of it paid out along the way.
RMMZ became
$9,844
S&P 500: $18,440
Return a year
-0.3%
S&P 500: 14.0%
Payouts reinvested
$3,195
bought more shares
Worst drop
-25.7%
S&P 500: -20.2%
$10,000, Feb 2022 to Oct 2026
Payouts reinvested · S&P 500 reinvested
| Year | RMMZ total return | Paid out | S&P 500 |
|---|---|---|---|
| 2026 (part) | +1.6% | $612 | +11.7% |
| 2025 | +5.0% | $733 | +17.7% |
| 2024 | +2.8% | $698 | +24.9% |
| 2023 | +11.2% | $631 | +26.2% |
| 2022 (part) | −19.2% | $521 | −11.0% |
"Paid out" is what your holding received that year. Month-end prices; no costs or taxes.
Key facts: RMMZ total return
Data as of · Source: SmarterDividends data
- $10,000 invested in RiverNorth Managed Duration Municipal Income Fund II (RMMZ) at the end of Feb 2022, with dividends reinvested, was worth $9,844 at the end of Oct 2026: -0.3% a year, against $18,440 (14.0% a year) in the S&P 500.
- Taking RMMZ's dividends as cash instead of reinvesting them, the same $10,000 ended at $9,627, including $2,687 of cash received; reinvesting added $217.
- RMMZ's best calendar year in that time was 2023 (11.2%) and its worst 2024 (2.8%), with dividends reinvested.
Cite this page
SmarterDividends, "RiverNorth Managed Duration Municipal Income Fund II (RMMZ) Total Return Calculator," updated Nov 5, 2026, https://smarterdividends.com/stocks/RMMZ/total-return
RMMZ total return questions
What is RMMZ's total return since Feb 2022?
-2% in total, or -0.3% a year, through Oct 2026 with dividends reinvested. The share price alone fell 31%.
What was RMMZ's worst year?
2024, at 2.8% with dividends reinvested (S&P 500: 24.9%). Its deepest fall from a peak, on month-end values, was -25.7%.
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.