RFMZ · NYSE · Closed-end fund
RiverNorth Flexible Municipal Income Fund II (RFMZ) Price, Holdings & Fees
RiverNorth Flexible Municipal Income Fund II (RFMZ) closed at $480.62 on Oct 9, 2026, up 0.10% from the previous close of $480.12.
Share price, past year
1Y +9.38%Monthly closing prices
| Date | Close |
|---|---|
| Oct 9, 2026 | $480.62 |
| Sep 30, 2026 | $488.76 |
| Aug 31, 2026 | $481.30 |
| Jul 31, 2026 | $449.81 |
| Jun 30, 2026 | $419.03 |
| May 29, 2026 | $459.75 |
| Apr 30, 2026 | $438.58 |
| Mar 31, 2026 | $450.85 |
| Feb 27, 2026 | $451.66 |
| Jan 30, 2026 | $454.52 |
| Dec 31, 2025 | $436.56 |
| Nov 28, 2025 | $414.52 |
| Oct 31, 2025 | $440.89 |
Key statistics
- Expense ratio
- 6.01%
- as of Jun 30, 2026
- Net assets
- $355.5M
- as of Jun 30, 2026
- Holdings
- 126
- as of Jun 30, 2026
- 52-week range
- $412.36 – $492.04
RiverNorth Flexible Municipal Income Fund II's expense ratio is 6.01%: $601.00 a year on $10,000 invested.
Holdings
RiverNorth Flexible Municipal Income Fund II held 126 investments worth $355.49M as of Jun 30, 2026. Its largest holding was Blackrock Muniholdings Fund Inc, at 9.14% of the fund.
| # | Holding | % of fund | Value |
|---|---|---|---|
| 1 | Blackrock Muniholdings Fund Inc | 9.14% | $32.48M |
| 2 | Blackrock Muniyield Quality Fund Inc | 8.28% | $29.42M |
| 3 | Chicago Il O'hare International Arpt Revenue | 4.43% | $15.76M |
| 4 | Chicago Il Park Dist | 4.37% | $15.53M |
| 5 | Blackrock Liquidity Funds Municash | 4.33% | $15.41M |
| 6 | Hawaii St Arpts Sys Revenue | 4.25% | $15.09M |
| 7 | Blackrock Muniyield Quality Fund Iii Inc | 4.21% | $14.97M |
| 8 | Pennsylvania St Turnpike Commission Turnpike Revenue | 4.07% | $14.46M |
| 9 | Illinois St | 4.06% | $14.45M |
| 10 | Los Angeles Ca Dept Of Arpts Arpt Revenue | 4.04% | $14.34M |
| 11 | New York Ny | 3.67% | $13.06M |
| 12 | Ishares National Muni Bond Etf | 3.45% | $12.26M |
| 13 | Triborough Ny Bridge & Tunnel Auth Payroll Mobility Tax | 3.26% | $11.60M |
| 14 | Michigan St Trunk Line | 3.14% | $11.15M |
| 15 | Denver City & Cnty Co Sch Dist #1 | 3.11% | $11.06M |
| 16 | Houston Tx Hotel Occupancy Tax & Spl Revenue | 3.03% | $10.76M |
| 17 | Port Auth Of New York & New Jersey Ny | 2.99% | $10.62M |
| 18 | Hampton Roads Va Transprtn Accountability Commission | 2.91% | $10.33M |
| 19 | Port Of Seattle Wa Revenue | 2.90% | $10.32M |
| 20 | Clackamas Cnty Or Sch Dist #62c Oregon City | 2.85% | $10.15M |
| 21 | Met Washington Dc Arpts Auth Arpt Sys Revenue | 2.78% | $9.88M |
| 22 | Las Vegas Vly Nv Wtr Dist | 2.62% | $9.31M |
| 23 | Blackrock Taxable Municipal Bond Trust | 2.58% | $9.18M |
| 24 | Harris Cnty Tx Hosp Dist Ctfs Of Oblig | 2.54% | $9.02M |
| 25 | Invesco Municipal Trust | 2.51% | $8.91M |
Top 25 of 126 holdings, as of Jun 30, 2026. Percentages are of the fund's net assets.
What the fund owns
| Asset type | % of fund |
|---|---|
| Stocks | 51.09% |
| Bonds and other debt | 42.94% |
| Cash and short-term investments | 4.33% |
| Interest rate derivatives | −59.21% |
| Country | % of fund |
|---|---|
| United States | 38.71% |
| Puerto Rico | 0.45% |
Shares of net assets from the fund's N-PORT report. Funds that borrow can add up to more than 100%, with borrowing (such as repurchase agreements) shown as a negative share.
Monthly total returns
Over the 3 months to Jun 30, 2026, RiverNorth Flexible Municipal Income Fund II's total return was +9.71%, as reported to the SEC.
| Month | Total return |
|---|---|
| Jun 30, 2026 | +3.79% |
| May 31, 2026 | +2.31% |
| Apr 30, 2026 | +3.32% |
The fund's own total returns as reported to the SEC (N-PORT), including reinvested distributions. Not the sample prices above.
Fund profile
- Name
- RiverNorth Flexible Municipal Income Fund II, Inc.
- Ticker
- RFMZ
- Exchange
- NYSE
- Fund type
- Closed-end fund
- SEC CIK
- 0001817159
- Fractional shares
- Yes
Recent SEC filings
- Aug 27, 2026
- Sep 4, 2026
- Mar 6, 2026
- Sep 5, 2025
- Mar 7, 2025
- Sep 6, 2024
- Aug 8, 2024
- Mar 8, 2024
Frequently asked questions
What is RFMZ's price?
RiverNorth Flexible Municipal Income Fund II (RFMZ) closed at $480.62 on Oct 9, 2026, up 0.10% from the previous close of $480.12.
What is RFMZ's expense ratio?
RiverNorth Flexible Municipal Income Fund II's expense ratio is 6.01%: $601.00 a year on $10,000 invested.
What does RFMZ hold?
RiverNorth Flexible Municipal Income Fund II held 126 investments worth $355.49M as of Jun 30, 2026. Its largest holding was Blackrock Muniholdings Fund Inc, at 9.14% of the fund. Its five largest holdings were Blackrock Muniholdings Fund Inc, Blackrock Muniyield Quality Fund Inc, Chicago Il O'hare International Arpt Revenue, Chicago Il Park Dist, Blackrock Liquidity Funds Municash.
How has RFMZ performed?
Over the 3 months to Jun 30, 2026, RiverNorth Flexible Municipal Income Fund II's total return was +9.71%, as reported to the SEC.
Sources and methodology
Holdings, net assets and monthly returns come from the fund's N-PORT filing with the SEC, as of Jun 30, 2026 (filed Aug 27, 2026). The expense ratio is from the fund's prospectus or shareholder report, as of Jun 30, 2026. Prices are generated sample data for development. Data sources and disclosures