Price Chart

Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
2.22% -12.04% 213.63M 87577.23
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (Since Inception)
9.53% 75.00% 10.13M Upgrade

Basic Info

Investment Strategy
The Fund’s investment objective is current income and overall total return.The Fund seeks to achieve its investment objective by allocating its Managed Assets among three principal strategies: Tactical Closed End Fund Income Strategy, Alternative Credit Strategy and Opportunistic Income Strategy.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style --
Broad Asset Class Allocation
Broad Category Allocation
Category Name Tactical Allocation
Category Index Morningstar Mod Agg Tgt Risk TR USD
Global Category Name Moderate Allocation
YCharts Categorization Target Allocation
YCharts Benchmark S&P Target Risk Moderate Index (^STRB)
Prospectus Objective Growth and Income
Fund Owner Firm Name RiverNorth Capital Management, LLC
Prospectus Benchmark Index
Bloomberg US Agg Bond TR USD 100.0%
Broad Asset Class Benchmark Index
^SPXTR 100.0%
Manager Tenure
Jeffrey Gundlach 7.51 yrs
Jeffrey Sherman 7.51 yrs
Patrick Galley 7.51 yrs
Steve O'Neill 1.76 yrs

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
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Total Return (NAV)
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Category Rtn. (NAV)
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% Rank in Cat (NAV)
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As of April 25, 2024. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2017
2018
2019
2020
2021
2022
2023
YTD
7.94%
-1.92%
15.05%
1.40%
12.34%
-28.07%
11.44%
2.65%
21.83%
-4.38%
31.49%
18.40%
28.71%
-18.11%
26.29%
6.30%
18.92%
-7.59%
13.34%
15.08%
11.30%
-11.18%
2.55%
10.04%
20.66%
-9.61%
8.23%
2.42%
19.14%
-2.81%
0.66%
3.72%
--
-10.50%
28.41%
3.31%
17.87%
-7.11%
21.03%
6.56%
--
--
25.39%
4.51%
22.28%
-8.10%
-8.49%
5.54%
As of April 25, 2024.

Asset Allocation

As of December 31, 2023.
Type % Net % Long % Short
Cash -47.39% Upgrade Upgrade
Stock 0.27% Upgrade Upgrade
Bond 115.9% Upgrade Upgrade
Convertible 0.04% Upgrade Upgrade
Preferred 1.76% Upgrade Upgrade
Other 29.41% Upgrade Upgrade

Basic Info

Investment Strategy
The Fund’s investment objective is current income and overall total return.The Fund seeks to achieve its investment objective by allocating its Managed Assets among three principal strategies: Tactical Closed End Fund Income Strategy, Alternative Credit Strategy and Opportunistic Income Strategy.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style --
Broad Asset Class Allocation
Broad Category Allocation
Category Name Tactical Allocation
Category Index Morningstar Mod Agg Tgt Risk TR USD
Global Category Name Moderate Allocation
YCharts Categorization Target Allocation
YCharts Benchmark S&P Target Risk Moderate Index (^STRB)
Prospectus Objective Growth and Income
Fund Owner Firm Name RiverNorth Capital Management, LLC
Prospectus Benchmark Index
Bloomberg US Agg Bond TR USD 100.0%
Broad Asset Class Benchmark Index
^SPXTR 100.0%
Manager Tenure
Jeffrey Gundlach 7.51 yrs
Jeffrey Sherman 7.51 yrs
Patrick Galley 7.51 yrs
Steve O'Neill 1.76 yrs

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