RiverNorth/DoubleLine Strategic Opp Fund:OPP

    Manage Alerts

    Overview

    As of 10/18/2021

     Share
    Price
    NAVPremium/
    Discount
    Current$14.79$14.611.23%
    52 Wk Avg$14.99$15.17-1.24%
    52 Wk High$16.36$15.557.34%
    52 Wk Low$13.30$14.61-9.63%
    Regular Distribution TypeManaged Distribution
    Distribution Rate12.87%
    Distribution Amount$0.1586
    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 10/18/2021

    Total Investment Exposure:$297.543M
    Total Common Assets:$216.543M
    Common Shares Outstanding:14,821,557
    Leverage

    As of 10/18/2021

    Preferred Share Assets: $60.000M
    Total Debt (USD): $21.000M
    Regulatory Leverage (USD): $81.000M
    Effective Leverage (USD): $81.000M
    Effective Leverage (%): 27.22%
    Annual Expense Ratios

    As of 6/30/2021

      Per Common Share
    Management Fees1.38%
    Other Expenses:0.51%
    Baseline Expense: N/A
    Interest Expense:0.21%
    Total: 2.10%
    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): 128,101
    Average Daily Volume (USD): $1.934M
    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 10/18/2021

    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 6/30/2021
    $0.3206
    Annualized Distribution Rate on NAV:
    As of 10/18/2021
    13.03%
    Total Return on NAV (12 months):
    As of 10/18/2021
    12.54%
    Avg. Portfolio Coupon:
    As of 10/18/2021
    4.51%
    Total % Portfolio Effectively Leveraged:
    As of 10/18/2021
    27.22%

    Pricing Information

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

    As of 10/19/2021

    PeriodAvg Discount
    6 Month2.15%
    1 Year-1.24%
    3 Year-4.17%
    5 Year-4.66%
    Z-Score

    As of 10/18/2021

    PeriodZStat
    3 Month-0.45
    6 Month-0.40
    1 Year0.60
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 9/30/2021
    Category: Morningstar US CEF High Yield

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD11.67%6.65%13.85%6.29%
    20201.40%1.74%1.13%3.11%
    201915.05%10.57%21.79%13.91%
    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 9/30/2021
    Category: Morningstar US CEF High Yield

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 10/18/2021
    4.51%
    Number of Holdings:
    As of 6/30/2021
    394
    Annual Portfolio Turnover:
    As of 6/30/2021
    54.00%
    Average Bond Price:
    As of 6/30/2021
    $94.72
    Asset Allocation

    As of 6/30/2021 reported by Fund Sponsor

    Top Sectors

    As of 6/30/2021 reported by Fund Sponsor

    Sector%Portfolio
    Securitized (Super Sector)78.63%
    Corporate (Super Sector)32.13%
    Asset Backed30.13%
    Non Agency Residential Mortgage Backed22.99%
    Agency Mortgage Backed15.88%
    Corporate Bond14.95%
    Government (Super Sector)10.88%
    Government10.40%
    Bank Loan10.25%
    Government Commercial Mortgage Backed9.62%
    State Allocation

    As of 6/30/2021 reported by Fund Sponsor

    State% Portfolio
    Connecticut0.00%
    Top Holdings

    As of 6/30/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    United States Treasury Bonds 1.63%$20.80M9.25%
    LEGACY MORTGAGE ASSET TRUST 4.25%$6.21M2.76%
    Oxford Square Cap Corp 0%$5.95M2.65%
    Legacy Mortgage Asset Trust 2019-Gs7 4.5%$5.92M2.63%
    Government National Mortgage Association 3.5%$5.19M2.31%
    Federal Home Loan Mortgage Corporation 4%$5.08M2.26%
    Option One Mortgage Loan Trust 0.46%$4.37M1.95%
    Barings Global Short Duration High Yield$4.10M1.82%
    PRPM LLC 3.97%$4.02M1.79%
    Chl Gmsr Issuer Trust 2.83%$3.94M1.75%
    Credit Quality

    As of 6/30/2021 reported by Fund Sponsor

    Maturity Breakdown

    As of 6/30/2021 reported by Fund Sponsor

    Country Allocation

    As of 6/30/2021 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income88.66%
    Others - Fixed Income7.09%
    United States - Equity6.31%
    Ireland - Fixed Income2.17%
    Brazil - Fixed Income1.52%
    Mexico - Fixed Income0.91%
    Colombia - Fixed Income0.69%
    China - Fixed Income0.62%
    Indonesia - Fixed Income0.57%
    Canada - Fixed Income0.47%
    Peru - Fixed Income0.39%
    United Kingdom - Fixed Income0.29%
    India - Fixed Income0.25%
    Chile - Fixed Income0.20%
    Singapore - Fixed Income0.19%
    Thailand - Fixed Income0.18%
    France - Fixed Income0.15%
    Germany - Fixed Income0.10%
    Argentina - Fixed Income0.08%
    Russia - Fixed Income0.06%
    South Africa - Fixed Income0.05%
    Poland - Fixed Income0.05%
    Netherlands - Fixed Income0.05%
    Canada - Equity0.04%
    Malaysia - Fixed Income0.04%
    Italy - Fixed Income0.04%
    Sweden - Equity0.03%
    Turkey - Fixed Income0.03%
    Spain - Fixed Income0.03%
    Israel - Fixed Income0.02%
    Sweden - Fixed Income0.02%
    Denmark - Fixed Income0.02%
    Japan - Fixed Income0.02%
    Czech Republic - Fixed Income0.02%
    Hungary - Fixed Income0.02%
    Belgium - Fixed Income0.01%
    Others - Equity0.01%
    Australia - Fixed Income0.01%
    Switzerland - Fixed Income0.01%
    Finland - Fixed Income0.01%
    Pakistan - Fixed Income0.00%
    Norway - Fixed Income0.00%
    United Kingdom - Equity0.00%
    Vietnam - Fixed Income0.00%
    Taiwan - Fixed Income0.00%

    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.

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