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RiverNorth/DoubleLine Strategic Opp Fund:OPP

    Manage Alerts

    Overview

    As of 12/6/2019

     Share
    Price
    NAVPremium/
    Discount
    Current$16.51$17.51-5.71%
    52 Wk Avg$16.96$17.85-5.00%
    52 Wk High$17.87$18.150.00%
    52 Wk Low$14.74$17.44-13.74%
    Regular Distribution TypeManaged Distribution
    Distribution Rate13.32%
    Distribution Amount$0.1833
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks to achieve its investment objective by allocating its Managed Assets between the two principal strategies described below. Under normal market conditions, the Fund may allocate between 10% and 35% of its Managed Assets to the Tactical Closed-End Fund Income Strategy and 65% to 90% of its Managed Assets to the Opportunistic Income Strategy.

    Capital Structure

    As of 12/6/2019

    Total Investment Exposure:$266.351M
    Total Common Assets:$192.851M
    Common Shares Outstanding:11,013,787
    Leverage

    As of 12/31/2018

    Preferred Share Assets:
    Total Debt (USD): $73.500M
    Regulatory Leverage (USD): $73.500M
    Effective Leverage (USD): $73.500M
    Effective Leverage (%): 27.60%
    Annual Expense Ratios

    As of 6/30/2019

      Per Common Share
    Management Fees1.37%
    Other Expenses:0.55%
    Baseline Expense: N/A
    Interest Expense:1.24%
    Total: 3.16%
    Fund Management

    Fund Sponsor
    Rivernorth Capital Management, LLC

    Portfolio Managers
    Patrick W. Galley, Jeffrey J. Sherman, Stephen A. O'Neill, Jeffrey E. Gundlach

    Basics
    Category: Fixed Income - Taxable-High Yield
    Ticker: OPP
    NAV Ticker: XOPPX
    Average Daily Volume (shares): 4,402
    Average Daily Volume (USD): M
    Inception Date: 9/27/2016
    Inception Share Price: $20.00
    Inception NAV: $19.56
    Tender Offer: No
    Term: Yes
    Fiscal Year End: June 30
    Third Party Links & Reports

    Distributions

    As of 12/6/2019

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 6/30/2019
    $0.3993
    Annualized Distribution Rate on NAV:
    As of 12/6/2019
    12.56%
    Total Return on NAV (12 months):
    As of 12/6/2019
    11.12%
    Avg. Portfolio Coupon:
    As of 12/6/2019
    5.08%
    Total % Portfolio Effectively Leveraged:
    As of 12/6/2019
    27.60%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 12/7/2019

    PeriodAvg Discount
    6 Month-3.04%
    1 Year-5.00%
    3 Year-5.69%
    5 Year 
    Z-Score

    As of 12/6/2019

    PeriodZStat
    3 Month-1.48
    6 Month-1.56
    1 Year-0.26
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 12/6/2019
    Category: Morningstar US CEF High Yield

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD13.98%10.87%19.26%11.53%
    2018-1.92%-1.59%-5.54%-2.01%
    20177.94%8.36%9.77%9.23%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 12/6/2019
    Category: Morningstar US CEF High Yield

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 12/6/2019
    5.08%
    Number of Holdings:
    As of 9/30/2019
    259
    Annual Portfolio Turnover:
    As of 6/30/2019
    27.00%
    Average Bond Price:
    As of 9/30/2019
    $97.09
    Asset Allocation

    As of 9/30/2019 reported by Fund Sponsor

    Top Sectors

    As of 9/30/2019 reported by Fund Sponsor

    Sector%Portfolio
    Securitized (Super Sector)68.18%
    Non Agency Residential Mortgage Backed28.29%
    Corporate (Super Sector)23.42%
    Agency Mortgage Backed19.08%
    Asset Backed13.84%
    Corporate Bond11.52%
    Government Commercial Mortgage Backed6.96%
    Bank Loan6.60%
    Cash Equivalents (Super Sector)6.23%
    Cash Equivalents6.23%
    State Allocation

    As of 9/30/2019 reported by Fund Sponsor

    State% Portfolio
    New York0.01%
    Illinois0.00%
    Top Holdings

    As of 9/30/2019 reported by Fund Sponsor

    HoldingValue% Portfolio
    Federal National Mortgage Association 3%$6.54M2.42%
    Western Asset High Income Opp$6.09M2.25%
    Oxford Square Cap Corp 6.5%$5.84M2.16%
    FHLMC Pc Prepay Prm 30 3%$5.04M1.86%
    FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD 4%$4.86M1.80%
    Federal Home Loan Mortgage Corporation 4%$4.77M1.77%
    Government National Mortgage Association 3.5%$4.73M1.75%
    FHLMC Pc Prepay Prm 30 3%$5.04M1.86%
    Federal National Mortgage Association 0%$4.54M1.68%
    Federal National Mortgage Association 3%$6.54M2.42%
    Credit Quality

    As of 9/30/2019 reported by Fund Sponsor

    Maturity Breakdown

    As of 9/30/2019 reported by Fund Sponsor

    Country Allocation

    As of 9/30/2019 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income71.41%
    Others - Fixed Income2.99%
    Mexico - Fixed Income1.16%
    Ireland - Fixed Income0.79%
    Brazil - Fixed Income0.75%
    Netherlands - Fixed Income0.68%
    United Kingdom - Fixed Income0.50%
    Indonesia - Fixed Income0.45%
    Argentina - Fixed Income0.38%
    Chile - Fixed Income0.31%
    France - Fixed Income0.22%
    Colombia - Fixed Income0.21%
    Spain - Fixed Income0.19%
    Russia - Fixed Income0.18%
    Germany - Fixed Income0.15%
    Turkey - Fixed Income0.13%
    Austria - Fixed Income0.12%
    Italy - Fixed Income0.12%
    Peru - Fixed Income0.11%
    China - Fixed Income0.10%
    India - Fixed Income0.07%
    Canada - Fixed Income0.05%
    Israel - Fixed Income0.05%
    Switzerland - Fixed Income0.04%
    United States - Equity0.04%
    Poland - Fixed Income0.04%
    South Africa - Fixed Income0.03%
    Hungary - Fixed Income0.02%
    Vietnam - Fixed Income0.01%
    Finland - Fixed Income0.01%
    Lithuania - Fixed Income0.01%
    Norway - Fixed Income0.01%
    Hong Kong - Fixed Income0.01%
    Philippines - Fixed Income0.01%
    Australia - Fixed Income0.01%
    Venezuela - Fixed Income0.01%
    Canada - Equity0.00%
    China - Equity0.00%
    Pakistan - Fixed Income0.00%
    Malaysia - Fixed Income0.00%
    Belgium - Fixed Income0.00%
    Singapore - Fixed Income0.00%
    Others - Equity0.00%
    Sweden - Fixed Income0.00%
    Denmark - Fixed Income0.00%
    South Korea - Equity0.00%
    Taiwan - Equity0.00%
    South Korea - Fixed Income0.00%
    India - Equity0.00%
    Brazil - Equity0.00%
    Japan - Fixed Income0.00%
    South Africa - Equity0.00%
    Russia - Equity0.00%
    Thailand - Equity0.00%
    Mexico - Equity0.00%
    Portugal - Fixed Income0.00%
    Indonesia - Equity0.00%
    Malaysia - Equity0.00%
    Philippines - Equity0.00%
    Poland - Equity0.00%
    Czech Republic - Fixed Income0.00%
    Chile - Equity0.00%
    Hong Kong - Equity0.00%
    Turkey - Equity0.00%
    Switzerland - Equity0.00%
    Colombia - Equity0.00%
    Hungary - Equity0.00%
    Peru - Equity0.00%
    Greece - Equity0.00%
    Italy - Equity0.00%
    Czech Republic - Equity0.00%
    Argentina - Equity0.00%
    United Kingdom - Equity0.00%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. In general, managed distributions may be sourced from net investment income, realized gains and return of capital. CEFConnect.com does not undertake to disclose specific information about closed-end fund distribution sources. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    EWB-1014244PR-E1119W