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RTNAX

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1m

Analysis and statistics

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About

RTNAX.US refers to the RiverNorth Flexible Municipal Income Fund Class A shares. This is a closed-end fund managed by RiverNorth Capital Management, LLC. The fund aims to provide a high level of current income exempt from regular federal income tax, consistent with capital preservation. It invests primarily in municipal securities, including those issued by states, counties, cities, and other political subdivisions. The fund's performance and holdings are subject to market fluctuations and credit risk inherent in municipal debt instruments.
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Factors

Treasury Yields: Rising yields typically decrease RTNAX.US's value as existing bonds become less attractive.

Inflation Expectations: Higher inflation erodes bond values, pushing RTNAX.US price down.

Federal Reserve Policy: Fed rate hikes negatively impact RTNAX.US; easing is positive.

Credit Spreads: Widening spreads signal higher risk, lowering RTNAX.US's price.

Economic Growth: Strong growth can pressure bond prices down, affecting RTNAX.US negatively.

Market Sentiment: Investor risk appetite impacts demand for bonds, affecting RTNAX.US price.

Fund Flows: Large outflows from RTNAX.US can force selling and lower its value.

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