IQ

RNMN RiverNorth Market Neutral ETF

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$26.01
0.0% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

RNMN has less than a year of prices, so ETFIQ does not yet measure how it moves with the S&P 500.

What drove RNMN’s returns?Is a 0.59% fee low for a fund like RNMN?What do RNMN’s net flows of +$2.1m over the since Apr 2025 mean?
Market neutral fund: owns stocks it expects to do well and sells short about as much in stocks it expects to lagTrueShares ↗Expense ratio 0.59%Fund assets $7.1m net assets, latest filing (Jun 30, 2026)First traded Jun 16, 2025SEC filings ↗Every TrueShares fund ETFIQ covers

Promise check: Not measuredIts strategy, equity market neutral, states no objective ETFIQ can measure.

Compare with…Trading costsPut to the committeeaskIQ about RNMNAdd to portfolioFlowsAlerts

RNMN risk and return scorecard

vs its benchmark

Not measured: no ETF prices its benchmark (none named).

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Money in and out

Net fund flows · Jun 30, 2026
12 months to Jun 30, 2026
+$2.1m
Since Apr 2025
+$2.1m
askIQ: what do these flows mean? ↗

What you earned

RNMN +0.2%: total return over one month to Nov 4, 2026.
RNMN+0.2%
RNMN −0.2%: total return over three months to Nov 4, 2026.
RNMN−0.2%
askIQ: what drove RNMN’s returns? ↗

How concentrated, and what does it cost?

not published
Total return since launch
not published
S&P 500 over the same days
not available
Against its own benchmark
not available
Days it has traded
Sector mix
Cost against like funds
askIQ: is a 0.59% fee low for a fund like RNMN? ↗

More on RNMN

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Price, 3 months

$26.010.0%1 day, priceClose, Nov 4, 2026

Price only. No distribution was paid over these days, so total return is the same. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error

RNMN returns by window: total return, cash paid and price change
WindowTotal returnS&P 500 (SPY)
1M Oct 5 – Nov 4, 2026+0.2%−1.0%
3M Aug 5 – Nov 4, 2026−0.2%−0.1%

Total returns, distributions reinvested. No data for 6 months, year to date, 1 year and 3 years.

Source: Tiingo end-of-day prices, with distributions reinvested.

Money in and out

Monthly data · as of Jun 30, 2026

RNMN: in the month to Jun 30, 2026, net $777k came in, by its SEC filing.

12 months
+$2.1m
38.5% of $5.4m on Jun 30, 2025
Jul 1, 2025 to Jun 30, 2026
monthly, from SEC filings
Since Apr 2025
+$2.1m
Apr 1, 2025 to Jun 30, 2026
monthly, from SEC filings

Computed by ETFIQ from the monthly sales and redemptions RNMN files with the SEC on Form N-PORT.

How this is computed

ETFIQ reads no daily data for this fund, so its flows are monthly, and the latest month filed is Jun 2026. Every day and month ETFIQ holds for RNMN, back to Apr 2025, is in its flows file. Flows across every fund · How these flows are computed · Compare RNMN with other funds in the flows tool

Month by month, money in and money outApr 2025 to Jun 2026

RNMN, money in and money out each month from Apr 2025 to Jun 2026: two bars a month, money in above the line and money out below. Every bar is from RNMN’s SEC filings (N-PORT item B.6). Of the 15 months listed, money came in on net in 6 and went out in 2.

Every bar is from RNMN’s SEC filings (N-PORT item B.6). Of the 15 months listed, money came in on net in 6 and went out in 2.

MonthInOutNet
Jun 2026 SEC Form N-PORT+$1.0m−$259k+$777k
May 2026 SEC Form N-PORT$0$0$0
Apr 2026 SEC Form N-PORT+$257k$0+$257k
Mar 2026 SEC Form N-PORT+$255k$0+$255k
Feb 2026 SEC Form N-PORT$0$0$0
Jan 2026 SEC Form N-PORT+$765k$0+$765k
Dec 2025 SEC Form N-PORT+$286k−$286k−$6
Nov 2025 SEC Form N-PORT+$287k$0+$287k
Oct 2025 SEC Form N-PORT$0$0$0
Sep 2025 SEC Form N-PORT$0$0$0
Aug 2025 SEC Form N-PORT$0$0$0
Jul 2025 SEC Form N-PORT$0−$276k−$276k
Jun 2025 SEC Form N-PORT+$38k$0+$38k
May 2025 SEC Form N-PORT$0$0$0
Apr 2025 SEC Form N-PORT$0$0$0

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s SEC N-PORT filings. Data as of Jun 30, 2026. Updated when the fund files its next report.

RNMN key stats

High since Jul 9, 2026, daily closes to Nov 4, 2026 (ETFIQ)$26.15 on Jul 14, 2026
Low since Jul 9, 2026, daily closes to Nov 4, 2026 (ETFIQ)$25.86 on Sep 25, 2026
Close on Nov 4, 2026, within that range (ETFIQ)$26.01, 52% of the way from the low to the high
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Mar 13, 2026
Trading · RNMNas of Mar 13, 2026
·
Not scored1 of 6 measured · Mar 13, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

RNMN for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
RNMN interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

RNMN is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work

About RNMN

IssuerTrueShares
Strategy (ETFIQ, from its prospectus)Market neutralReport
Expense ratio (485BPOS XBRL, Jul 7, 2026)0.59%Report
Net assets (SEC N-PORT, whole fund, as filed for Jun 30, 2026)$7.1mReport
Stated benchmarkICE BofA US Treasuries 0-3 Years Index (from its shareholder report). No ETF ETFIQ covers tracks it, so ETFIQ cannot price it.
When stocks fellS&P 500 −4.9% in March 2026; RNMN not measured, as its prices here begin Jul 9, 2026, after March 2026 began
Weekly correlation with the S&P 500not measured, as it has fewer than 52 weeks of closes
First tradedJun 16, 2025
Days tradednot available
Quotedon an exchange, every trading day
How we measure
Weekly closes from Tiingo with distributions reinvested, 52 weeks to the same date for the fund, SPY and BIL. ETFIQ calculation. Method
IQ Investment Committee on RNMN

12 seats on RNMN, as of Nov 4, 2026: 2 Challenges, 9 Not enough data, 1 Does not apply.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherNot enough data
In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityDoes not apply
In the tradition ofDavid SwensenSwensen-style DiversificationChallenges
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingNot enough data
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatNot enough data
Put RNMN to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about RNMN

What does RNMN cost?
The prospectus expense ratio is 0.59% a year.
Why is RNMN listed as market neutral?
ETFIQ files each fund by what its own prospectus says it does, and RNMN’s, filed Jul 7, 2026, describes a market neutral fund.
Sources and dates
Prices, RNMN and S&P 500 (SPY)Prices, Tiingo end of day ↗
Fee, 0.59%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $7.1mSEC N-PORT, whole fund · Jun 30, 2026
SourceProspectus the strategy was read from (SEC) ↗
IssuerTrueShares website ↗
All fund filingsFund filings on SEC EDGAR ↗
TrueShares’s own site ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, RNMN, alternatives ETFs, data as of Nov 4, 2026. https://etfiq.com/funds/rnmn

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Correlation
How closely the fund’s weekly returns moved with the S&P 500’s over the last year, from −1 to 1. At 1 the two rise and fall together, at 0 there is no pattern, and below 0 the fund tended to move the other way.
Beta
How far the fund moved, on average, for each 1% move in the S&P 500 over the same weeks. At 0.3 it moved about 0.3% the same way; below 0 it moved the other way.
Down week
A week in which the S&P 500 fell, measured through SPY with dividends reinvested. A week that ended exactly level is not a down week.
Down-week capture
The fund’s average return in the S&P 500’s down weeks as a share of the index’s own average in those weeks. At 100% it fell as much, at 50% half as much, and below zero it rose. It is weekly and covers one year, so it is not the same number as Morningstar’s downside capture.
Against T-bills
The fund’s total return minus a short Treasury bill fund’s (BIL) over the same year, in percentage points. A fund can steady a portfolio and still earn less than cash.
Full definitions: alternatives ETFs vocabulary page. →
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Snapshot, Nov 4, 2026. More on the tabs above.