RiverNorth/DoubleLine Strategic Opp Fund:OPP

    Manage Alerts

    Overview

    As of 5/5/2021

     Share
    Price
    NAVPremium/
    Discount
    Current$15.34$15.290.33%
    52 Wk Avg$14.30$15.03-4.90%
    52 Wk High$15.46$15.550.53%
    52 Wk Low$12.15$13.88-9.63%
    Regular Distribution TypeManaged Distribution
    Distribution Rate12.41%
    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 5/5/2021

    Total Investment Exposure:$241.887M
    Total Common Assets:$211.887M
    Common Shares Outstanding:13,857,863
    Leverage

    As of 5/5/2021

    Preferred Share Assets:
    Total Debt (USD): $30.000M
    Regulatory Leverage (USD): $30.000M
    Effective Leverage (USD): $30.000M
    Effective Leverage (%): 12.40%
    Annual Expense Ratios

    As of 6/30/2020

      Per Common Share
    Management Fees1.35%
    Other Expenses:0.58%
    Baseline Expense: N/A
    Interest Expense:0.91%
    Total: 2.84%
    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): 90,181
    Average Daily Volume (USD): $1.300M
    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 5/5/2021

    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 12/31/2020
    $0.4473
    Annualized Distribution Rate on NAV:
    As of 5/5/2021
    12.45%
    Total Return on NAV (12 months):
    As of 5/5/2021
    25.27%
    Avg. Portfolio Coupon:
    As of 5/5/2021
    4.88%
    Total % Portfolio Effectively Leveraged:
    As of 5/5/2021
    12.40%

    Pricing Information

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

    As of 5/6/2021

    PeriodAvg Discount
    6 Month-3.82%
    1 Year-4.90%
    3 Year-5.50%
    5 Year 
    Z-Score

    As of 5/5/2021

    PeriodZStat
    3 Month1.37
    6 Month1.81
    1 Year2.37
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 4/30/2021
    Category: Morningstar US CEF High Yield

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD11.63%4.15%8.92%3.50%
    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 4/30/2021
    Category: Morningstar US CEF High Yield

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 5/5/2021
    4.88%
    Number of Holdings:
    As of 12/31/2020
    360
    Annual Portfolio Turnover:
    As of 6/30/2020
    43.00%
    Average Bond Price:
    As of 12/31/2020
    $96.03
    Asset Allocation

    As of 12/31/2020 reported by Fund Sponsor

    Top Sectors

    As of 12/31/2020 reported by Fund Sponsor

    Sector%Portfolio
    Securitized (Super Sector)90.86%
    Corporate (Super Sector)42.17%
    Non Agency Residential Mortgage Backed31.63%
    Asset Backed29.08%
    Agency Mortgage Backed20.82%
    Corporate Bond19.78%
    Bank Loan12.09%
    Government Commercial Mortgage Backed9.33%
    Preferred Stock7.02%
    Convertible3.27%
    State Allocation

    As of 12/31/2020 reported by Fund Sponsor

    State% Portfolio
    Michigan0.01%
    Illinois0.00%
    Connecticut0.00%
    California0.00%
    Top Holdings

    As of 12/31/2020 reported by Fund Sponsor

    HoldingValue% Portfolio
    LEGACY MORTGAGE ASSET TRUST 4.25%$6.15M2.91%
    Legacy Mortgage Asset Trust 2019-Gs7 4.5%$5.90M2.79%
    Oxford Square Cap Corp 0%$5.89M2.78%
    Federal Home Loan Mortgage Corporation 3%$5.33M2.52%
    Government National Mortgage Association 3.5%$5.18M2.45%
    Federal Home Loan Mortgage Corporation 4%$5.03M2.38%
    Federal National Mortgage Association 0%$4.88M2.31%
    Federal National Mortgage Association 3%$4.83M2.29%
    PRPM LLC 3.97%$3.97M1.88%
    Chl Gmsr Issuer Trust 2.87%$3.88M1.84%
    Maturity Breakdown

    As of 12/31/2020 reported by Fund Sponsor

    Country Allocation

    As of 12/31/2020 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income97.15%
    Others - Fixed Income5.38%
    United States - Equity3.34%
    Ireland - Fixed Income2.04%
    Mexico - Fixed Income1.37%
    Brazil - Fixed Income1.34%
    Canada - Fixed Income0.73%
    China - Fixed Income0.71%
    Indonesia - Fixed Income0.65%
    United Kingdom - Fixed Income0.47%
    Chile - Fixed Income0.42%
    India - Fixed Income0.39%
    Colombia - Fixed Income0.36%
    Peru - Fixed Income0.35%
    France - Fixed Income0.30%
    Thailand - Fixed Income0.19%
    Singapore - Fixed Income0.18%
    South Africa - Fixed Income0.16%
    Argentina - Fixed Income0.14%
    Germany - Fixed Income0.12%
    Netherlands - Fixed Income0.12%
    Switzerland - Fixed Income0.12%
    Italy - Fixed Income0.06%
    Russia - Fixed Income0.06%
    Poland - Fixed Income0.05%
    Spain - Fixed Income0.05%
    Sweden - Equity0.04%
    Israel - Fixed Income0.04%
    Turkey - Fixed Income0.04%
    Denmark - Fixed Income0.03%
    Malaysia - Fixed Income0.03%
    Japan - Fixed Income0.02%
    Canada - Equity0.02%
    Belgium - Fixed Income0.02%
    Hungary - Fixed Income0.01%
    Czech Republic - Fixed Income0.01%
    Australia - Fixed Income0.01%
    Sweden - Fixed Income0.01%
    Finland - Fixed Income0.01%
    United Kingdom - Equity0.01%
    Pakistan - Fixed Income0.01%
    Norway - Fixed Income0.00%
    Japan - Equity0.00%
    Australia - Equity0.00%
    Hong Kong - Equity0.00%
    Greece - Fixed Income0.00%
    Argentina - Equity0.00%
    Vietnam - Fixed Income0.00%
    France - Equity0.00%
    Spain - Equity0.00%
    Germany - Equity0.00%
    Italy - Equity0.00%
    Portugal - Fixed Income0.00%
    Taiwan - Fixed Income0.00%
    Mexico - Equity0.00%
    China - Equity0.00%
    Switzerland - Equity0.00%
    Hong Kong - Fixed Income0.00%
    Brazil - Equity0.00%
    Singapore - Equity0.00%
    Lithuania - Fixed Income0.00%
    Venezuela - Fixed Income0.00%
    South Korea - Fixed Income0.00%
    New Zealand - Fixed Income0.00%
    Austria - Fixed Income0.00%
    Norway - Equity0.00%
    Philippines - Fixed Income0.00%
    Others - Equity0.00%
    Greece - 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.

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