RNMN – RiverNorth Market Neutral ETF – ETF Investment Strategy | Morningstar

Morningstar

Strategy

The investment seeks to preserve capital and provide incremental total return. 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.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
RNMN	RiverNorth Market Neutral ETF	ETF	Open		—	Jul 11, 2022	$6.90M	0.590%	—	—	$1.55M

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