RiverNorth Opportunities Fund:RIV

    Manage Alerts


    As of 7/3/2022. NAV as of 7/1/2022.

    52 Wk Avg$16.54$15.943.79%
    52 Wk High$18.75$17.329.91%
    52 Wk Low$12.56$13.00-3.44%
    Regular Distribution TypeManaged Distribution
    Distribution Rate14.27%
    Distribution Amount$0.1700
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    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 (“CEF”), exchange-traded funds (“ETFs”), business development companies (“BDCs”) and special purpose acquisition companies (“SPACs” and collectively, “Underlying Funds”).

    Capital Structure

    As of 7/3/2022

    Total Investment Exposure:$262.169M
    Total Common Assets:$236.029M
    Common Shares Outstanding:17,693,323

    As of 7/1/2022

    Preferred Share Assets:
    Total Debt (USD): $26.140M
    Regulatory Leverage (USD):
    Effective Leverage (USD): $26.140M
    Effective Leverage (%): 9.97%
    Annual Expense Ratios

    As of 7/31/2021

      Per Common Share
    Management Fees1.00%
    Other Expenses:0.90%
    Baseline Expense: N/A
    Interest Expense:0.01%
    Total: 1.91%
    Fund Management

    Fund Sponsor
    RiverNorth Capital Management, LLC

    Portfolio Managers
    Patrick W. Galley, Stephen A. O'Neill

    Category: Hybrid-U.S. Allocation
    Ticker: RIV
    NAV Ticker: XRIVX
    Average Daily Volume (shares): 130,630
    Average Daily Volume (USD): $2.144M
    Inception Date: 12/23/2015
    Inception Share Price: $20.00
    Inception NAV: $19.36
    Tender Offer: No
    Term: Yes
    Fiscal Year End: July 31
    Third Party Links & Reports


    As of 7/3/2022

    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 1/31/2022
    Annualized Distribution Rate on NAV:
    As of 7/3/2022
    Total Return on NAV (12 months):
    As of 7/3/2022
    Avg. Portfolio Coupon:
    As of 7/3/2022
    Total % Portfolio Effectively Leveraged:
    As of 7/3/2022

    Pricing Information

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

    As of 7/4/2022

    PeriodAvg Discount
    6 Month3.43%
    1 Year3.79%
    3 Year0.53%
    5 Year0.61%

    As of 7/4/2022

    3 Month1.01
    6 Month1.39
    1 Year1.21
    Pricing History
    Date NAV Premium / Discount


    Calendar Year Total Returns

    As of 6/30/2022
    Category: Morningstar US CEF US Allocation

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    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 6/30/2022
    Category: Morningstar US CEF US Allocation

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 7/1/2022
    Number of Holdings:
    As of 1/31/2022
    Annual Portfolio Turnover:
    As of 7/31/2021
    Average Bond Price:
    As of 1/31/2022
    Asset Allocation

    As of 1/31/2022

    Top Sectors

    As of 1/31/2022

    Cyclical (Super Sector)40.32%
    Financial Services39.06%
    Corporate (Super Sector)23.11%
    Corporate Bond9.79%
    Municipal (Super Sector)7.65%
    US Municipal Tax Advantaged7.47%
    Government (Super Sector)5.91%
    Preferred Stock5.12%
    Bank Loan5.07%
    State Allocation

    As of 1/31/2022

    State% Portfolio
    New York0.65%
    Puerto Rico0.33%
    New Jersey0.21%
    Top Holdings

    As of 1/31/2022

    HoldingValue% Portfolio
    BlackRock Capital Allocation Trust Ordin$18.03M6.44%
    Pershing Sq Hldgs$16.59M5.92%
    Saba Capital Income & Opportunities Fund$11.56M4.13%
    MS Emerging Markets Domestic$10.74M3.84%
    BlackRock Innovation and Growth Trust$10.55M3.77%
    PIMCO Energy & Tactical Credit Opps$8.93M3.19%
    Sprott Physical Gold and Silver Trust$8.23M2.94%
    Invesco Dynamic Credit Opportunity AX$7.06M2.52%
    Invesco S&P 500® Equal Weight ETF$-11.60M-4.14%
    Credit Quality

    As of 1/31/2022

    Maturity Breakdown

    As of 1/31/2022

    Country Allocation

    As of 1/31/2022

    Country% Portfolio
    United States - Equity40.07%
    United States - Fixed Income21.32%
    Others - Equity6.24%
    Others - Fixed Income1.88%
    United Kingdom - Equity0.92%
    Canada - Equity0.89%
    China - Equity0.85%
    Hong Kong - Equity0.77%
    China - Fixed Income0.57%
    Mexico - Fixed Income0.55%
    Brazil - Fixed Income0.48%
    Indonesia - Fixed Income0.45%
    Malaysia - Equity0.42%
    Switzerland - Equity0.40%
    Taiwan - Equity0.37%
    India - Fixed Income0.34%
    Malaysia - Fixed Income0.31%
    France - Equity0.30%
    Poland - Fixed Income0.29%
    Russia - Fixed Income0.29%
    Singapore - Equity0.28%
    South Africa - Fixed Income0.28%
    Thailand - Fixed Income0.27%
    Colombia - Fixed Income0.27%
    United Kingdom - Fixed Income0.25%
    Germany - Equity0.25%
    Canada - Fixed Income0.24%
    South Korea - Equity0.23%
    Brazil - Equity0.22%
    Netherlands - Equity0.22%
    India - Equity0.22%
    Chile - Fixed Income0.16%
    Peru - Fixed Income0.14%
    France - Fixed Income0.14%
    Ireland - Fixed Income0.13%
    Switzerland - Fixed Income0.12%
    Netherlands - Fixed Income0.12%
    Hungary - Fixed Income0.10%
    Norway - Equity0.10%
    Czech Republic - Fixed Income0.09%
    Japan - Equity0.09%
    Italy - Fixed Income0.08%
    South Korea - Fixed Income0.08%
    Australia - Fixed Income0.08%
    Italy - Equity0.08%
    Mexico - Equity0.08%
    Sweden - Equity0.07%
    Russia - Equity0.07%
    Germany - Fixed Income0.06%
    Israel - Equity0.06%
    Australia - Equity0.05%
    Spain - Fixed Income0.05%
    Singapore - Fixed Income0.05%
    Spain - Equity0.05%
    Turkey - Fixed Income0.04%
    Argentina - Fixed Income0.04%
    Japan - Fixed Income0.04%
    Indonesia - Equity0.03%
    Sweden - Fixed Income0.03%
    Finland - Equity0.03%
    Norway - Fixed Income0.03%
    South Africa - Equity0.03%
    Hong Kong - Fixed Income0.02%
    Denmark - Equity0.02%
    Vietnam - Equity0.02%
    Belgium - Fixed Income0.01%
    Israel - Fixed Income0.01%
    New Zealand - Equity0.01%
    Austria - Equity0.01%
    Poland - Equity0.01%
    Thailand - Equity0.01%
    Austria - Fixed Income0.01%
    Ireland - Equity0.00%
    Pakistan - Fixed Income0.00%
    Vietnam - Fixed Income0.00%
    Belgium - Equity0.00%
    Philippines - Equity0.00%
    Philippines - Fixed Income0.00%
    Chile - Equity0.00%
    Hungary - Equity0.00%
    Greece - Equity0.00%
    Colombia - Equity0.00%
    Argentina - Equity0.00%
    Venezuela - Fixed Income0.00%
    Finland - 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.


    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.