RiverNorth Opportunities Fund:RIV

    Manage Alerts

    Overview

    As of 7/12/2024. NAV as of 7/11/2024.

     Share
    Price
    NAVPremium/
    Discount
    Current$12.38$12.86-3.65%
    52 Wk Avg$11.36$12.24-7.22%
    52 Wk High$12.43$12.86-2.69%
    52 Wk Low$9.63$11.17-13.43%
    Regular Distribution TypeManaged Distribution
    Distribution Rate12.49%
    Distribution Amount$0.1289
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund’s investment objective is total return consisting of capital appreciation and current income. 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, exchange-traded funds (“ETFs), business development companies collectively.

    Capital Structure

    As of 7/12/2024

    Total Investment Exposure:$610.955M
    Total Common Assets:$482.250M
    Common Shares Outstanding:37,500,000
    Leverage

    As of 7/11/2024

    Preferred Share Assets:
    Total Debt (USD): $128.705M
    Regulatory Leverage (USD): $97.750M
    Effective Leverage (USD): $128.705M
    Effective Leverage (%): 21.07%
    Annual Expense Ratios

    As of 6/30/2024

      Per Common Share
    Management Fees1.73%
    Other Expenses:0.56%
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 2.29%
    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): 78,187
    Average Daily Volume (USD): $0.884M
    Inception Date: 12/23/2015
    Inception Share Price: $20.00
    Inception NAV: $19.36
    Tender Offer: No
    Term: Yes
    Fiscal Year End: June 30
    Third Party Links & Reports

    Distributions

    As of 7/12/2024

    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 1/31/2024
    $0.1937
    Annualized Distribution Rate on NAV:
    As of 7/12/2024
    12.03%
    Total Return on NAV (12 months):
    As of 7/12/2024
    17.59%
    Avg. Portfolio Coupon:
    As of 7/12/2024
    5.22%
    Total % Portfolio Effectively Leveraged:
    As of 7/12/2024
    21.07%

    Pricing Information

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

    As of 7/12/2024

    PeriodAvg Discount
    6 Month-5.29%
    1 Year-7.22%
    3 Year-1.97%
    5 Year-1.53%
    Z-Score

    As of 7/12/2024

    PeriodZStat
    3 Month0.30
    6 Month0.91
    1 Year1.26
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 6/30/2024
    Category: Morningstar US CEF US Allocation

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD19.00%8.96%11.95%8.11%
    20232.55%14.33%8.46%10.55%
    2022-11.18%-12.70%-17.94%-12.77%
    202111.30%13.52%25.66%17.24%
    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 6/30/2024
    Category: Morningstar US CEF US Allocation

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 7/11/2024
    5.22%
    Number of Holdings:
    As of 4/30/2024
    293
    Annual Portfolio Turnover:
    As of 6/30/2024
    73.00%
    Average Bond Price:
    As of 4/30/2024
    $95.55
    Asset Allocation

    As of 4/30/2024

    Top Sectors

    As of 4/30/2024

    Sector%Portfolio
    Corporate (Super Sector)40.69%
    Corporate Bond31.36%
    Municipal (Super Sector)22.95%
    US Municipal Tax Advantaged22.77%
    Cyclical (Super Sector)12.06%
    Financial Services9.84%
    Government8.73%
    Government (Super Sector)7.92%
    Securitized (Super Sector)6.22%
    Preferred Stock5.99%
    State Allocation

    As of 4/30/2024

    State% Portfolio
    New York2.24%
    Texas1.96%
    California1.93%
    Illinois1.58%
    New Jersey1.11%
    Florida0.95%
    Puerto Rico0.95%
    Michigan0.84%
    Colorado0.80%
    Pennsylvania0.76%
    Top Holdings

    As of 4/30/2024

    HoldingValue% Portfolio
    Pershing Sq Hldgs$27.50M10.49%
    BlackRock ESG Capital Allocation Term$25.57M9.75%
    BlackRock Capital Allocation Term ord$22.36M8.53%
    Nuveen AMT-Free Quality Muni Inc$12.59M4.80%
    Saba Capital Income & Opportunities Fund$9.12M3.48%
    BlackRock Science and Tech Term ord$7.96M3.03%
    Nuveen Pref & Income Opps Fund$7.90M3.01%
    BlackRock Health Sciences Term Trust$7.86M3.00%
    Nuveen AMT-Free Muni Credit Inc$6.56M2.50%
    SPDR® S&P 500® ETF Trust$-30.12M-11.48%
    Credit Quality

    As of 4/30/2024

    Maturity Breakdown

    As of 4/30/2024

    Country Allocation

    As of 4/30/2024

    Country% Portfolio
    United States - Fixed Income65.43%
    United States - Equity15.09%
    Others - Equity10.79%
    Others - Fixed Income2.23%
    United Kingdom - Equity1.42%
    Germany - Fixed Income1.11%
    Japan - Equity0.86%
    Canada - Equity0.84%
    France - Equity0.77%
    China - Equity0.74%
    United Kingdom - Fixed Income0.55%
    Malaysia - Equity0.51%
    Netherlands - Equity0.51%
    Taiwan - Equity0.48%
    Singapore - Equity0.48%
    Germany - Equity0.44%
    South Korea - Equity0.37%
    Canada - Fixed Income0.36%
    Switzerland - Equity0.29%
    France - Fixed Income0.28%
    India - Equity0.28%
    Italy - Equity0.28%
    Australia - Fixed Income0.27%
    Brazil - Fixed Income0.21%
    Brazil - Equity0.20%
    Hong Kong - Equity0.20%
    Australia - Equity0.17%
    Spain - Fixed Income0.15%
    Mexico - Fixed Income0.15%
    Ireland - Fixed Income0.14%
    Netherlands - Fixed Income0.13%
    Spain - Equity0.12%
    Switzerland - Fixed Income0.11%
    India - Fixed Income0.10%
    Italy - Fixed Income0.09%
    Ireland - Equity0.09%
    Israel - Equity0.08%
    Denmark - Equity0.08%
    Colombia - Fixed Income0.07%
    Hungary - Fixed Income0.07%
    Indonesia - Fixed Income0.06%
    Finland - Equity0.06%
    Norway - Equity0.06%
    South Africa - Fixed Income0.05%
    Peru - Fixed Income0.05%
    Hong Kong - Fixed Income0.04%
    Sweden - Fixed Income0.04%
    Mexico - Equity0.04%
    Hungary - Equity0.03%
    Argentina - Fixed Income0.03%
    Chile - Fixed Income0.03%
    New Zealand - Equity0.03%
    Japan - Fixed Income0.02%
    Russia - Fixed Income0.02%
    South Korea - Fixed Income0.02%
    Indonesia - Equity0.02%
    Sweden - Equity0.02%
    Singapore - Fixed Income0.02%
    Israel - Fixed Income0.01%
    Belgium - Equity0.01%
    Vietnam - Equity0.01%
    South Africa - Equity0.01%
    China - Fixed Income0.01%
    Greece - Fixed Income0.01%
    Thailand - Equity0.01%
    Poland - Equity0.01%
    Turkey - Fixed Income0.01%
    Greece - Equity0.01%
    Poland - Fixed Income0.00%
    Norway - Fixed Income0.00%
    Peru - Equity0.00%
    Chile - Equity0.00%
    Philippines - Fixed Income0.00%
    Malaysia - Fixed Income0.00%
    Philippines - Equity0.00%
    Finland - Fixed Income0.00%
    Belgium - Fixed Income0.00%
    New Zealand - Fixed Income0.00%
    Colombia - Equity0.00%
    Thailand - Fixed Income0.00%
    Turkey - Equity0.00%
    Pakistan - Fixed Income0.00%
    Czech Republic - Fixed Income0.00%
    Venezuela - 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.

    E-2949862P-E0623W