Price Chart

Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
1.91% -6.45% 261.09M 80767.50
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (Since Inception)
5.25% 119.0% 30.34M Upgrade

Basic Info

Investment Strategy
The Fund’s investment objective is total return consisting of capital appreciation and current income. The Fund seeks to achieve its investment objective by pursuing a tactical asset allocation strategy and opportunistically investing under normal circumstances in closed-end funds, exchange-traded funds (“ETFs), business development companies collectively.
General
Security Type Closed-End Fund
Equity Style Large Cap/Blend
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
S&P 500 Total Return 100.0%
Broad Asset Class Benchmark Index
^SPXTR 100.0%
Manager Tenure
Patrick Galley 8.28 yrs
Stephen O'Neill 8.28 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)
--
--
--
--
--
--
--
--
Total Return (NAV)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
--
--
--
--
--
--
--
--
% Rank in Cat (NAV)
--
--
--
--
--
--
--
--
As of April 17, 2024. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

Loading chart...
Name
2017
2018
2019
2020
2021
2022
2023
YTD
18.92%
-7.59%
13.34%
15.08%
11.30%
-11.18%
2.55%
8.28%
21.83%
-4.38%
31.49%
18.40%
28.71%
-18.11%
26.29%
5.73%
--
-10.50%
28.41%
3.31%
17.87%
-7.11%
21.03%
4.79%
--
--
--
--
--
--
7.43%
1.27%
7.94%
-1.92%
15.05%
1.40%
12.34%
-28.07%
11.44%
2.52%
23.41%
-9.45%
31.37%
1.59%
28.29%
-22.67%
17.93%
2.92%
As of April 17, 2024.

Asset Allocation

As of January 31, 2024.
Type % Net % Long % Short
Cash -14.81% Upgrade Upgrade
Stock 30.06% Upgrade Upgrade
Bond 68.65% Upgrade Upgrade
Convertible 0.28% Upgrade Upgrade
Preferred 6.22% Upgrade Upgrade
Other 9.61% Upgrade Upgrade

Basic Info

Investment Strategy
The Fund’s investment objective is total return consisting of capital appreciation and current income. The Fund seeks to achieve its investment objective by pursuing a tactical asset allocation strategy and opportunistically investing under normal circumstances in closed-end funds, exchange-traded funds (“ETFs), business development companies collectively.
General
Security Type Closed-End Fund
Equity Style Large Cap/Blend
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
S&P 500 Total Return 100.0%
Broad Asset Class Benchmark Index
^SPXTR 100.0%
Manager Tenure
Patrick Galley 8.28 yrs
Stephen O'Neill 8.28 yrs

Top Portfolio Holders

0 of 0