---
ticker: "RNMN"
name: "Elevation Series Trust - RiverNorth Market Neutral ETF"
url: "https://etf.net/etf/RNMN"
grade: "B"
score: 61
graded_at: "2026-10-12"
category: "Alternative Strategies"
category_rank: "8 of 30"
methodology: "https://etf.net/methodology"
---

# RNMN: Elevation Series Trust - RiverNorth Market Neutral ETF

Grade **B**, Score 61 of 100. Rank 8 of 30 in Alternative Strategies.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 76 | 8 of 30 |
| Mission | Not scored | — |
| Risk | 65 | 11 of 30 |
| Tradability | 13 | 29 of 30 |
| Holdings | 93 | 1 of 15 |
| Durability | 43 | 26 of 30 |

## Top holdings

The fund holds 223 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | GRAF | Graf Global Corp | 2.65% |
| 2 | SOCA | Solarius Capital Acquisition Corp | 2.12% |
| 3 | AEAQ | Activate Energy Acquisition Corp | 2.03% |
| 4 | BIXI | Bitcoin Infrastructure Acquisition | 2.03% |
| 5 | SCII | SC II Acquisition Corp | 2.02% |
| 6 | ZKP | Lafayette Digital Acquisition | 2.02% |
| 7 | UAC | United Acquisition Corp | 2.02% |
| 8 | LEGO | Legato Merger Corp IV | 2.01% |
| 9 | SUMA | SUMA Acquisition Corp | 2.01% |
| 10 | EVAC | EQV Ventures Acquisition Corp | 2.00% |
| 11 | HCAC | Hall Chadwick Acquisition Corp | 1.94% |
| 12 | IGAC | Invest Green Acquisition Corp | 1.94% |
| 13 | FWAC | Futurewave Acquisition Corp | 1.81% |
| 14 | — | State Street Inst U.s. Government Mmkt Admn Class | 1.76% |
| 15 | GIX | GigCapital9 Corp | 1.55% |
| 16 | MLAA | Mountain Lake Acquisition Corp | 1.55% |
| 17 | BRRKU | Bluerock Acquisition Corp II | 1.45% |
| 18 | PAXGU | Pine Tree Acquisition Corp | 1.45% |
| 19 | — | Southport Acquisition Corp II | 1.44% |
| 20 | VECA | Vernal Capital Acquisition Corp | 1.41% |
| 21 | MYX | Maywood Acquisition Corp 2 | 1.41% |
| 22 | APUR | Aperture AC | 1.40% |
| 23 | WENC | West Enclave Merger Corp | 1.40% |
| 24 | LOVIU | Live Oak Acquisition Corp VI | 1.40% |
| 25 | — | Haymaker Acquisition Corp V | 1.40% |
| 26 | BWIV | Blue Water Acquisition Corp IV | 1.40% |
| 27 | TVIV | Texas Ventures Acquisition IV | 1.39% |
| 28 | YICC | Yorkville International Capital | 1.39% |
| 29 | OCLT | Oceanlight Acquisition Corp | 1.38% |
| 30 | MRCO | Mercator Acquisition Corp | 1.38% |

Source: etf.net, https://etf.net/etf/RNMN. Please cite the page URL.