TrueShares[…]
Elevation Series Trust - RiverNorth Market Neutral ETFRNMN
- AUM
- $7M
- Fee
- 0.89%
- Yield
- 11.8%
- Bumpy · 1Y
- 0.6×S&P
- Volume
- 40
- NAV
- $25.96
52-week range10% below the high
$24.83$28.86
| Returns | 1D | 1M | 3M | YTD | 1Y | 3Y | 5Y | MAX |
|---|---|---|---|---|---|---|---|---|
| Total return | +0.1% | −0.1% | −0.2% | +1.9% | +1.4% | +18.4% | — | +27.6% |
| S&P 500 · VOO | +0.3% | −5.0% | −4.6% | +8.7% | +9.8% | +80.8% | +71.8% | — |
RNMN in One Breath
RNMN Among Its Peers
YTDEnd-of-day Nov 8, 2026 · 1 ETFs by YTD
$10,000 in RNMN
5Y$10,000 in RNMN became
$12,760
In the S&P 500 (VOO)
$20,428
Total return, dividends in · Jul 12, 2022 – Nov 5, 2026 · S&P 500 uses VOO
RNMN’s Top Holdings
TodaySOCA2.1%AEAQ2.0%BIXI2.0%SCII2.0%ZKP2.0%UAC2.0%EVAC2.0%LEGO2.0%SUMA2.0%HCAC1.9%IGAC1.9%FWAC1.8%GIX1.6%MLAA1.6%IEAG1.5%PAXGU1.5%CLBR1.5%BRRKU1.4%APUR1.4%MYX1.4%VECA1.4%WENC1.4%
SOCASolarius Capital Acquisition2.1%AEAQ2.0%BIXI2.0%SCII2.0%ZKP2.0%UAC2.0%EVAC2.0%LEGO2.0%SUMA2.0%HCAC1.9%IGAC1.9%FWAC1.8%
Financial ServicesOther
TrueShares RNMN · 218 holdings · top 22 shown · tile size = share of the fund · as of Nov 6, 2026
What RNMN Holds
TodayFinancial Services93.3%
SOCA 2.1 · AEAQ 2.0 · BIXI 2.0 · SCII 2.0 · ZKP 2.0 · MRCO 1.4 · GRAF
Consumer Defensive0.2%
[…]
Technology0.0%
[…]
Basic Materials0.0%
[…]
Industrials0.0%
[…]
Utilities0.0%
[…]
Other holdings77.9%
UAC 2.0 · EVAC 2.0 · LEGO 2.0 · SUMA 2.0 · HCAC 1.9 · IGAC 1.9 · FWAC 1.8
TrueShares RNMN · share of the fund by sector · as of Nov 6, 2026
Solarius’ Share of RNMN
Today2.1%
$21 of every $1,000 in RNMN is Solarius
Solarius held by RNMN
$146K
Most Solarius per dollar
TrueShares RNMN · each square = $10 of $1,000 · as of Nov 6, 2026
RNMN’s Size vs Its Peers
Today$6.9Mthe largest ETF
AUM · RNMN and the 0 largest peers · Nov 8, 2026
RNMN Fee per $100 vs Peers
TodayExpense ratio · peers · Nov 8, 2026
Inside RNMN
218 holdings · as of Nov 6, 2026RNMN
Elevation Series Trust - RiverNorth Market Neutral ETF
Today| # | Ticker | Company | Weight ▼ |
|---|---|---|---|
| 1 | SOCA | Solarius Capital Acquisition | 2.13% |
| 2 | AEAQ | Activate Energy Acquisition | 2.04% |
| 3 | BIXI | Bitcoin Infrastructure Acquisition | 2.04% |
| 4 | SCII | SC II Acquisition | 2.04% |
| 5 | ZKP | Lafayette Digital Acquisition | 2.03% |
| 6 | UAC | United Acquisition | 2.01% |
| 7 | EVAC | EQV Ventures Acquisition | 2.01% |
| 8 | LEGO | Legato Merger IV | 2.01% |
| 9 | SUMA | SUMA Acquisition | 2.01% |
| 10 | HCAC | Hall Chadwick Acquisition | 1.95% |
Financial ServicesConsumer DefensiveTechnologyBasic MaterialsIndustrialsUtilitiesOther
TrueShares RNMN · current holdings by weight · as of Nov 6, 2026 · each tile is one holding · top 20 = 35.8%
All RNMN Holdings
218 holdings · as of Nov 6, 2026RNMN
RNMN’s Holdings
Today| # | ||||||
|---|---|---|---|---|---|---|
| 1 | —State Street Inst U.s. Government Mmkt Admn Class | — | 4.83% | $482.88 | 332K | $332K |
| 2 | SOCASolarius Capital Acquisition | Financial Services | 2.13% | $212.61 | 14K | $146K |
| 3 | AEAQActivate Energy Acquisition | Financial Services | 2.04% | $203.89 | 14K | $140K |
| 4 | BIXIBitcoin Infrastructure Acquisition | Financial Services | 2.04% | $203.79 | 14K | $140K |
| 5 | SCIISC II Acquisition | Financial Services | 2.04% | $203.68 | 14K | $140K |
| 6 | ZKPLafayette Digital Acquisition | Financial Services | 2.03% | $202.58 | 14K | $139K |
| 7 | UACUnited Acquisition | — | 2.01% | $201.07 | 14K | $138K |
| 8 | EVACEQV Ventures Acquisition | — | 2.01% | $200.89 | 13K | $138K |
| 9 | LEGOLegato Merger IV | — | 2.01% | $200.87 | 14K | $138K |
| 10 | SUMASUMA Acquisition | — | 2.01% | $200.87 | 14K | $138K |
| 11 | HCACHall Chadwick Acquisition | — | 1.95% | $194.71 | 13K | $134K |
| 12 | IGACInvest Green Acquisition | — | 1.95% | $194.51 | 13K | $134K |
| 13 | FWACFuturewave Acquisition | future | 1.82% | $181.85 | 13K | $125K |
| 14 | GIXGigCapital9 | — | 1.55% | $155.08 | 11K | $107K |
| 15 | MLAAMountain Lake Acquisition | — | 1.55% | $155.08 | 11K | $107K |
TrueShares RNMN · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 6, 2026
How It Compares
RNMN
Elevation Series Trust - RiverNorth Market Neutral ETF’s Peers
1YRNMN has no close peers in our data yet: […]
Similar peers · Past-year and ytd returns · as of Nov 8, 2026 · sorted by AUM
Head to Head
RNMN vs VOO
1YRNMN · Elevation Series Trust - RiverNorth Market Neutral
+1.4%
VOO · S&P 500
+9.8%
Gap
8.4 pts
TrueShares RNMN and Vanguard VOO · 1Y total return · as of Nov 8, 2026
RNMN vs Its Peer Average
YTDRNMNAvsBPeer average
1D+0.1%[…]
1M−0.1%[…]
3M−0.2%[…]
YTD+1.9%[…]
1Y+1.4%[…]
3Y+18.4%[…]
0–0level
0 peers · each row scaled to its leader
How Bumpy Is RNMN?
ViewRNMN
How Bumpy
1Y0.6×the S&P 500’s swings
CalmerBumpierS&P 1×RNMN
S&P 500 swings · 1Y13.6%
TrueShares RNMN · daily swings over the past year vs the S&P 500
RNMN
Worst Drop
1Y−4.1%from its Jun 10 high
Still below the high−3.4%
$10,000 at the high is now$9,660
TrueShares RNMN · fall from the highest close, past year
RNMN
On a Bad Day
1Y−0.1×rose, on average, when the S&P 500 fell
RNMN’s worst day: Thursday, Apr 30Up days45 of every 100
S&P 500 up days52 of every 100
TrueShares RNMN · average move on days the S&P 500 fell
RNMN
Return for the Bumps
1YNo peers with a full year of prices to rank against yet.
Ranked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.7%
RNMN
Cost
Today$89a year per $10,000
Expense ratio 0.89%, taken from the fund’s value
RNMN
Volatility & Beta
1Y8.6%annual volatility
S&P 500 volatility13.6%
Downside volatility5.8%
Beta vs SPY−0.10
Correlation vs SPY−0.16
Daily total returns × √252 · past 253 trading days
RNMN
Max Drawdown
1Y−4.1%peak to trough
Peak closeJun 10, 2026
Current drawdown−3.4%
Worst day−3.83% · Apr 30
Closing prices, dividends in
RNMN
Up / Down Capture
1Y−11%down capture vs SPY
Up ÷ down capture[…]
Up days45.5% (S&P 51.8%)
Average daily move on SPY up days and down days
RNMN
Sharpe & Sortino vs Peers
1Y| Fund | Sharpe | Sortino | Volatility | Max DD | Beta | Fee / $10k |
|---|---|---|---|---|---|---|
| RNMN | −0.29 | −0.44 | 8.6% | −4.1% | −0.10 | $89 |
Sharpe = (return − 3.7% cash) ÷ volatility · Sortino uses downside volatility only
RNMN
Trading
Today+0.27%above its holdings’ value
Close$26.03
NAV$25.96
Fee per $10,000$89 a year
Avg. volume 30D221 shares
Close vs net asset value, Nov 5
The Details
RNMN
Fund Facts
Today2022launched Jul 11
Tracks[…]
Exchange · CUSIPCBOE · 210322699
StructureETF
Leverage1x
Cost on $10,000$89 a year
Go deeper
TrueShares RNMN · fund facts · as of Nov 8, 2026
RNMN
Payouts by Year
4Y$3.08per share, Dec 2025
Distribution yield11.8%
PaidOnce a year, in December
Latest ex-date · paidDec 24 · Dec 26, 2025
4 payouts added up$5.53 a share
TrueShares RNMN · distributions by ex-date · 2022–2025
All Fund FactsDocuments · trading · fees · every payout
Prospectus & Documents
SEC reported portfolio · 2026-06-30 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2026-03-31 ↗prospectus · SEC 497 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-12-31 ↗SEC reported portfolio · 2025-09-30 ↗SEC reported portfolio · 2025-06-30 ↗summary prospectus · SEC 497K ↗
Trading & Liquidity
Net asset value$25.96
Premium / discount[…]
Median spread · 30D[…]
Volume today40
Average volume · 30D221
Shares outstanding[…]
Options[…]
Fees & Costs
Net expense ratio0.89%
Gross expense ratio[…]
Management fee[…]
Cost on $10,000 a year$89.00
Our risk indicator4/5
Estimated yearly cost excludes trading costs and assumes constant assets.
Distributions
| Ex-date | Paid | Per share |
|---|---|---|
| Dec 24, 2025 | Dec 26, 2025 | $3.08 |
| Dec 27, 2024 | Dec 30, 2024 | $1.10 |
| Dec 27, 2023 | Dec 29, 2023 | $1.29 |
| Dec 29, 2022 | Jan 3, 2023 | $0.0557 |
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