ETF profile for Rivernorth Market Neutral ETF (RNMN) from the issuer: top holdings, net assets, expense ratio and shares outstanding.
RNMN ETF Profile
| Family: |
TrueShares |
| Name: |
RiverNorth Market Neutral ETF |
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| Inception Date: |
11-Jul-2022 |
| Termination Date: |
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| Investment Objective: |
RiverNorth Market Neutral ETF seeks to provide consistent total return while limiting correlation to the equity markets. The Fund is an actively managed exchange traded fund ("ETF") that seeks to achieve its investment objective by pursuing a market neutral strategy designed to generate positive returns during rising and falling equity markets (i.e., regardless of overall market direction). The Fund implements this market neutral strategy by seeking returns driven by the unique characteristics of its investments or pricing differences between related products, rather than the direction of the broader equity market. Those returns are designed to be uncorrelated with the broader equity market. The Fund invests in a wide range of investments, including pre-merger special purpose acquisition companies ("SPACs") and their rights and warrants, equities, American Depository Receipts ("ADRs"), US equity and fixed income exchange traded futures and ETFs, exchange traded options (including FLEX options), and corporate bonds. It may also use total return swaps, credit default swaps, and/or interest rate swaps to obtain exposure efficiently and to manage risk. |
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| Prospectus |
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| Top 10 Holdings |
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Top 10 Holdings Weight: |
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| Number of Holdings: |
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| Shares Outstanding: |
265,000 |
| Total Net Assets: |
6,891,325 |
| NAV: |
25.95 |
| Net Expense Ratio: |
0.59% |
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| Asset Class: |
SPAC |
| Developed or Emerging: |
Developed Market Funds |
| Country: |
US |
| Region: |
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| Strategy: |
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| Sector: |
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| Dividend Type: |
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| Tax Exempt State: |
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| Maturity Duration: |
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| Market Cap: |
Broad Market / Multi-Cap |
| Credit Quality: |
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| Leverage Direction/Factor: |
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| Is Currency Hedged: |
No |
| US or Ex-US: |
Domestic |
