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RiverNorth Managed Duration Muni FdRMM -0.34%30 Forward Rate of Return (Yacktman) % is 4.85% as of Jun. 2025, which is 11% above its 10-year median of 4.38. GuruFocus rates RMM with a GF Score™ of 30/100. The stock has 3 warning signs investors should review. Among 1,166 Asset Management companies, RiverNorth Managed Duration Muni Fd ranks worse than 50.69% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. RiverNorth Managed Duration Muni Fd's forward rate of return for was 4.85%.
The historical rank and industry rank for RiverNorth Managed Duration Muni Fd's Forward Rate of Return (Yacktman) % or its related term are showing as below:
RMM'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 3.83 Med: 4.38 Max: 4.84
Current: 4.11
During the past 6 years, RiverNorth Managed Duration Muni Fd's highest Forward Rate of Return was 4.84. The lowest was 3.83. And the median was 4.38.
RMM's Forward Rate of Return (Yacktman) % is ranked worse than 50.69% of 1166
companies
in the Asset Management industry
Industry Median: 4.38
vs RMM: 4.11
Unlike the Earnings Yield %, the Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Unlike the Earnings Yield, the Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
For the growth part of the Forward Rate of Return calculation, GuruFocus uses the 5-year average growth rate of Book Value per share as the growth rate, and the growth rate is always capped at 20%. For the Free Cash Flow we use per share data averaged over five years. The reason we use five years is to make it comparable to the growth rate.
Be Aware
In the Forward Rate of Return calculation, the growth rate is added directly to today's free cash flow yield. Therefore the calculation is reliable only if the company can grow at the same rate in the future as it did in the past. Investors should pay close attention to this when researching growth stocks. A more accurate measurement for return is Return on Capital.
RiverNorth Managed Duration Muni Fd Forward Rate of Return (Yacktman) % Related Terms
RiverNorth Managed Duration Muni Fd Forward Rate of Return (Yacktman) % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
RMM vs EFT, MMD, PMO: Forward Rate of Return (Yacktman) % Comparison
For the Asset Management subindustry, RiverNorth Managed Duration Muni Fd's Forward Rate of Return (Yacktman) %, along with its competitors' market caps and Forward Rate of Return (Yacktman) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
RiverNorth Managed Duration Muni Fd Forward Rate of Return (Yacktman) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, RiverNorth Managed Duration Muni Fd's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where RiverNorth Managed Duration Muni Fd's Forward Rate of Return (Yacktman) % falls into.
Forward Rate of Return is a concept that Don Yacktman uses in his investment approach. Yacktman explained the forward rate of return concept in detail in his interview with GuruFocus. Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. He said in the interview (March 2012, when the S&P 500 was at about 1400):
If the business is stable, this calculation is fairly straightforward. For instance, on the S&P 500 we would normalize earnings. We would then calculate what percentage of those earnings are not reinvested in the underlying businesses and are therefore free. Historically, for the S&P 500, this has been just under 50% of earnings. Currently, we expect the S&P to earn about 70 on a normalized basis, a number which is far below reported earnings due to our adjusting for record high profit margins. $70 X ½ / 1400 gives you a normalized free cash flow yield of approximately 2.5%.
The historical real growth rate of the S&P 500 (companies) is about 1.5%. Assuming an inflation rate of 2.5%, the forward rate of return on an investment in the S&P 500 is about 6.5% today (2.5% free cash flow yield plus 1.5% real growth plus 2.5% inflation).
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Forward Rate of Return (Yacktman) % of 4.85% mean?
RiverNorth Managed Duration Muni Fd (RMM) has a Forward Rate of Return (Yacktman) % of 4.85% as of Jun. 2025. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on RiverNorth Managed Duration Muni Fd and its competitors. This is 11% above median its historical median of 4.38. Over the past decade, RiverNorth Managed Duration Muni Fd's Forward Rate of Return (Yacktman) % has ranged from 3.83 to 4.84. According to the industry distribution chart, RiverNorth Managed Duration Muni Fd ranks #591 out of 1166 companies in the Asset Management industry, placing it in the top 50.7%.
Is RiverNorth Managed Duration Muni Fd's Forward Rate of Return (Yacktman) % too high?
RiverNorth Managed Duration Muni Fd's current Forward Rate of Return (Yacktman) % of 4.85% is 11% above median its 10-year median of 4.38. Over the past 10 years, this metric has ranged from a low of 3.83 to a high of 4.84. The Asset Management industry median Forward Rate of Return (Yacktman) % is 4.38. RiverNorth Managed Duration Muni Fd's value of 4.85% is 10.7% above this industry median. Based on the distribution chart, RiverNorth Managed Duration Muni Fd ranks #591 out of 1166 companies in the Asset Management industry, which is below the industry midpoint. Overall, RiverNorth Managed Duration Muni Fd has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does RiverNorth Managed Duration Muni Fd's Forward Rate of Return (Yacktman) % compare to EFT and MMD?
According to the Asset Management industry distribution chart, RiverNorth Managed Duration Muni Fd ranks #591 out of 1166 companies for Forward Rate of Return (Yacktman) %. This places RiverNorth Managed Duration Muni Fd in the lower half of its industry. The industry median Forward Rate of Return (Yacktman) % is 4.38. RiverNorth Managed Duration Muni Fd's value of 4.85% is 10.7% above this benchmark. Historically, RiverNorth Managed Duration Muni Fd's own Forward Rate of Return (Yacktman) % has ranged from 3.83 to 4.84 over the past decade. While the company's 10-year median is 4.38 vs. the industry median of 4.38, RiverNorth Managed Duration Muni Fd has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward Rate of Return (Yacktman) % for an Asset Management company?
The median Forward Rate of Return (Yacktman) % among Asset Management companies is 4.38, based on 1,166 companies in the industry. Companies in the top quartile (top 25%) have a Forward Rate of Return (Yacktman) % significantly above this median, while those in the bottom quartile fall well below. However, Forward Rate of Return (Yacktman) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. RiverNorth Managed Duration Muni Fd's current Forward Rate of Return (Yacktman) % of 4.85% is 10.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward Rate of Return (Yacktman) % mean?
A high Forward Rate of Return (Yacktman) % can signal that a stock is expensive relative to its fundamentals. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on RiverNorth Managed Duration Muni Fd and its competitors. For the Asset Management industry, the median Forward Rate of Return (Yacktman) % is 4.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RiverNorth Managed Duration Muni Fd's current Forward Rate of Return (Yacktman) % is 4.85%, which is 11% above median its own 10-year median of 4.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RiverNorth Managed Duration Muni Fd stock overvalued right now?
RiverNorth Managed Duration Muni Fd (RMM) has a current Forward Rate of Return (Yacktman) % of 4.85%. The current Forward Rate of Return (Yacktman) % is 4.85%, which is 11% above median its 10-year median of 4.38 and 10.7% above the Asset Management industry median of 4.38. RiverNorth Managed Duration Muni Fd's overall GF Score™ is 30/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward Rate of Return (Yacktman) % calculated?
Forward Rate of Return (Yacktman) % is calculated from a company's financial statements. For RiverNorth Managed Duration Muni Fd (RMM), the current Forward Rate of Return (Yacktman) % is 4.85% as of Jun. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
RiverNorth Managed Duration Muni Inc Fd is a United States based diversified, closed-end management investment company. Its primary investment objective is current income exempt from regular U.S. federal income taxes. The Fund's secondary investment objective is total return.
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