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RFM has been declining along with other long-duration assets, which we would expect when the expectation is higher rates.
The monthly distribution was bumped up due to their target distribution yield; however, the latest declines would indicate cuts are in the future if it doesn't rebound.
Being a fund focused on municipal bonds, a sizeable portion of the distribution was classified as tax-free.
Unfortunately, a more significant amount of non-qualified dividends was also accounted for in 2021.