RiverNorth Market Neutral ETF (RNMN)

Cboe BZX: RNMNExchange-traded fund from TrueShares.

  • Expense ratio0.92%
  • Net assets$6.9M
  • Dividend yield9.85%
  • 1-year return-0.18%
  • Holdings100

RNMN ETF price chart

RNMN quote & trading statistics

RNMN performance

Annual returns & drawdowns →
  • YTD+1.95%
  • 1 year-0.18%
  • 3 years+5.35%/yr
1Y volatility
2.46%
3Y volatility
2.41%
3Y Sharpe ratio
0.55

Returns include reinvested distributions; 3-, 5- and 10-year figures are annualized.

RNMN top 10 holdings

#SymbolNameWeight
1TONTTONT2.65%
2SCIISC II Acquisition Corp. Class A ordinary share2.10%
3ZKPLafayette Digital Acquisition Corp. I Class A Ordinary Shares2.10%
4SOCASolarius Capital Acquisition Corp.2.07%
5BIXIBitcoin Infrastructure Acquisition Corp Ltd. Class A Ordinary Shares2.07%
6UACUnited Acquisition Corp. I2.00%
7AEAQActivate Energy Acquisition Corp. Class A Ordinary Share1.97%
8LEGOLegato Merger Corp. IV1.96%
9EVACEQV Ventures Acquisition Corp. II1.91%
10MLAAMountain Lake Acquisition Corp. II Class A Ordinary Shares1.53%

The top 10 holdings make up 20.4% of the fund (100 holdings in total). As of October 21, 2026.

RNMN sector weights

Financial Services
104.5%
Consumer Defensive
0.2%

RNMN region weights

North America
89.2%
Latin America
3.8%
Asia Developed
3.4%
United Kingdom
3.0%
Asia Emerging
0.2%

RNMN asset allocation

U.S. stocks
83.7%
Non-U.S. stocks
11.7%
Cash
4.5%
Bonds
0.1%
Other
0.0%

RNMN market-cap breakdown

Micro cap
80.4%

About RiverNorth Market Neutral ETF

Under normal market conditions, the fund seeks to invest primarily in units made up of common stock, warrants and rights of U.S.-listed special purpose acquisition companies ("SPACs"). In seeking to achieve the fund"s investment objective, the sub-adviser will monitor the fund"s portfolio and adjust positions based on changes in expectations of the investments or the availability of better alternatives. At least 80% of the fund"s net assets, plus borrowings for investment purposes, will be invested in Pre-Merger SPACs. The fund is non-diversified.

RNMN ETF FAQ

What is the RNMN expense ratio?

RiverNorth Market Neutral ETF has a net expense ratio of 0.92%, or $92.00 a year for every $10,000 invested.

How much money is in RNMN?

RiverNorth Market Neutral ETF has about $6.9M in net assets.

What are the top holdings of RNMN?

The largest positions in RNMN are TONT (2.65%), SC II Acquisition Corp. Class A ordinary share (2.10%), Lafayette Digital Acquisition Corp. I Class A Ordinary Shares (2.10%). The fund holds 100 securities in total.

How has RNMN performed?

RNMN returned -0.18% over the past year, including reinvested distributions.

Does RNMN pay dividends?

RNMN has a dividend yield of 9.85%.

When was RNMN launched?

RiverNorth Market Neutral ETF began trading on July 11, 2022.