RMM - RMM: Clearly Has One Of The Highest Muni Yields But It Is Not A Clear Buy
- RMM consistently comes on my radar due to its current yield above 6% and double-digit discount to NAV, two very attractive qualities.
- I continue to like munis as a whole because corporate buying has been increasing, and the sector provides a relevant hedge against equities.
- Despite the backdrop, RMM does not appear to be the best way to play the muni thesis. The fund has high expenses, and a large percentage of its distribution is return of capital.
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RMM: Clearly Has One Of The Highest Muni Yields, But It Is Not A Clear Buy