RiverNorth Opportunities Fund:RIV

    Manage Alerts

    Overview

    As of 6/11/2021

     Share
    Price
    NAVPremium/
    Discount
    Current$18.07$17.354.15%
    52 Wk Avg$16.05$15.950.53%
    52 Wk High$18.18$17.355.23%
    52 Wk Low$13.75$14.39-5.18%
    Regular Distribution TypeManaged Distribution
    Distribution Rate11.29%
    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 and exchange-traded funds (“ETFs” and collectively, “Underlying Funds”). Underlying Funds also may include business development companies (“BDCs”). All Underlying Funds will be registered under the Securities Act of 1933, as amended (the “Securities Act”). Under normal market conditions, the Fund will invest at least 65% of its Managed Assets in closed-end funds and at least 80% of its Managed Assets in Underlying Funds.

    Capital Structure

    As of 6/11/2021

    Total Investment Exposure:$189.787M
    Total Common Assets:$176.226M
    Common Shares Outstanding:11,857,327
    Leverage

    As of 6/11/2021

    Preferred Share Assets:
    Total Debt (USD): $13.561M
    Regulatory Leverage (USD):
    Effective Leverage (USD): $13.561M
    Effective Leverage (%): 7.15%
    Annual Expense Ratios

    As of 7/31/2020

      Per Common Share
    Management Fees1.04%
    Other Expenses:0.97%
    Baseline Expense: N/A
    Interest Expense:0.05%
    Total: 2.06%
    Fund Management

    Fund Sponsor
    RiverNorth Capital Management, LLC

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

    Basics
    Category: Hybrid-U.S. Allocation
    Ticker: RIV
    NAV Ticker: XRIVX
    Average Daily Volume (shares): 76,449
    Average Daily Volume (USD): $1.245M
    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

    Distributions

    As of 6/11/2021

    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 1/31/2021
    $0.3165
    Annualized Distribution Rate on NAV:
    As of 6/11/2021
    11.76%
    Total Return on NAV (12 months):
    As of 6/11/2021
    34.46%
    Avg. Portfolio Coupon:
    As of 6/11/2021
    4.19%
    Total % Portfolio Effectively Leveraged:
    As of 6/11/2021
    7.15%

    Pricing Information

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

    As of 6/11/2021

    PeriodAvg Discount
    6 Month2.17%
    1 Year0.53%
    3 Year-1.08%
    5 Year-1.30%
    Z-Score

    As of 6/11/2021

    PeriodZStat
    3 Month0.89
    6 Month1.33
    1 Year1.36
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2021
    Category: Morningstar US CEF US Allocation

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD17.73%11.42%17.07%11.35%
    202014.52%9.48%0.91%6.36%
    201913.28%18.31%29.77%22.10%
    2018-6.13%-6.10%-8.36%-4.98%
    201720.22%13.15%21.52%14.50%
    20169.32%17.47%17.59%13.14%
    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 5/31/2021
    Category: Morningstar US CEF US Allocation

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 6/11/2021
    4.19%
    Average Maturity:
    As of 1/31/2021
    5.35 yrs
    Number of Holdings:
    As of 1/31/2021
    300
    Annual Portfolio Turnover:
    As of 7/31/2020
    133.00%
    Average Bond Price:
    As of 1/31/2021
    $107.06
    Asset Allocation

    As of 1/31/2021 reported by Fund Sponsor

    Top Sectors

    As of 1/31/2021 reported by Fund Sponsor

    Sector%Portfolio
    Cyclical (Super Sector)33.19%
    Financial Services31.74%
    Corporate (Super Sector)28.64%
    Bank Loan16.63%
    Cash Equivalents (Super Sector)15.30%
    Cash Equivalents15.30%
    Municipal (Super Sector)7.70%
    US Municipal Tax Advantaged7.69%
    Preferred Stock6.52%
    Sensitive (Super Sector)5.39%
    State Allocation

    As of 1/31/2021 reported by Fund Sponsor

    State% Portfolio
    Michigan3.27%
    New York1.15%
    Maryland0.40%
    Georgia0.26%
    Florida0.23%
    Texas0.20%
    Puerto Rico0.17%
    California0.16%
    Illinois0.14%
    Massachusetts0.10%
    Top Holdings

    As of 1/31/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    Voya Prime Rate Trust$11.87M7.09%
    Invesco Senior Income Trust$7.86M4.70%
    Barings BDC Inc$7.77M4.64%
    EV Senior Income Trust$7.36M4.40%
    Pershing Sq Hldgs$6.53M3.90%
    PIMCO Energy & Tactical Credit Opps$6.49M3.88%
    Nuveen MI Quality Muni Inc$6.43M3.84%
    Oaktree Specialty Lending Corp$5.87M3.51%
    iShares iBoxx $ High Yield Corp Bd ETF$-6.31M-3.77%
    Invesco Senior Loan ETF$-7.25M-4.33%
    Maturity Breakdown

    As of 1/31/2021 reported by Fund Sponsor

    Country Allocation

    As of 1/31/2021 reported by Fund Sponsor

    Country% Portfolio
    United States - Equity36.01%
    United States - Fixed Income15.10%
    Others - Equity3.97%
    Others - Fixed Income1.13%
    China - Equity0.93%
    Canada - Equity0.70%
    United Kingdom - Equity0.58%
    Mexico - Equity0.53%
    Singapore - Equity0.48%
    Hong Kong - Equity0.39%
    South Korea - Equity0.28%
    Taiwan - Equity0.27%
    United Kingdom - Fixed Income0.25%
    Canada - Fixed Income0.24%
    India - Equity0.16%
    Ireland - Fixed Income0.15%
    Switzerland - Equity0.12%
    Mexico - Fixed Income0.12%
    Brazil - Equity0.12%
    Germany - Fixed Income0.11%
    Brazil - Fixed Income0.11%
    India - Fixed Income0.10%
    France - Fixed Income0.10%
    Netherlands - Fixed Income0.10%
    Sweden - Equity0.10%
    South Africa - Equity0.08%
    Russia - Equity0.08%
    France - Equity0.07%
    Japan - Equity0.06%
    Sweden - Fixed Income0.05%
    Italy - Fixed Income0.05%
    Indonesia - Fixed Income0.05%
    Turkey - Fixed Income0.05%
    Spain - Fixed Income0.05%
    Thailand - Equity0.04%
    Argentina - Fixed Income0.04%
    Belgium - Equity0.04%
    South Africa - Fixed Income0.04%
    China - Fixed Income0.03%
    Indonesia - Equity0.03%
    Netherlands - Equity0.03%
    Spain - Equity0.03%
    Colombia - Equity0.03%
    Russia - Fixed Income0.03%
    Greece - Equity0.02%
    Germany - Equity0.02%
    Poland - Fixed Income0.02%
    Thailand - Fixed Income0.02%
    Denmark - Equity0.02%
    Finland - Fixed Income0.02%
    Singapore - Fixed Income0.01%
    Malaysia - Fixed Income0.01%
    Turkey - Equity0.01%
    Portugal - Equity0.01%
    Italy - Equity0.01%
    Japan - Fixed Income0.01%
    Colombia - Fixed Income0.01%
    Switzerland - Fixed Income0.01%
    Lithuania - Equity0.01%
    Pakistan - Fixed Income0.01%
    Chile - Fixed Income0.01%
    Peru - Fixed Income0.01%
    Norway - Fixed Income0.01%
    Chile - Equity0.01%
    Hungary - Fixed Income0.01%
    Taiwan - Fixed Income0.01%
    Czech Republic - Fixed Income0.00%
    Denmark - Fixed Income0.00%
    Vietnam - Fixed Income0.00%
    Argentina - Equity0.00%
    Austria - Fixed Income0.00%
    Israel - Equity0.00%
    Philippines - Fixed Income0.00%
    Lithuania - Fixed Income0.00%
    Portugal - Fixed Income0.00%
    Venezuela - Fixed Income0.00%
    Australia - Equity0.00%
    Ireland - Equity0.00%
    Greece - Fixed Income0.00%
    Australia - Fixed Income0.00%
    Belgium - Fixed Income0.00%
    Israel - Fixed Income-0.03%

    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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