RiverNorth Managed Duration Municipal Income Fund II (the Fund) is a closed-end management investment company. The Fund's primary investment objective is income exempt from regular United States federal income taxes. The Fund's secondary investment objective is total return. The RMMZ average annual return since 2022 is shown above.
The Average Annual Return on the RMMZ average annual return since 2022 page and across the coverage universe of our site,
is a measure of the annualized return over the past ten years (or specified start date) for a given investment
(up to the end of prior trading session recorded). Arguably, choosing ten years for a measurement
period is on the one hand completely arbitrary, but on the other hand provides a sufficiently long window
to capture long-term trends.
Thus, researching Average Annual Returns is good practice for investors — whether RMMZ average annual return since 2022 or other benchmarks/peers
— and when doing so it is also important to factor in dividends, because a financial instrument's annualized return is
more than just the change in price if that instrument pays a dividend or coupon. Our website aims to empower investors
by performing the RMMZ average annual return calculation with any dividends reinvested as applicable (on ex-dates).
|