Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.
RiverNorth/Oaktree High Income R RNOTX
- NAV / 1-Day Return 8.69 / −0.34 %
- Total Assets 53.8 Mil
-
Adj. Expense Ratio
- Expense Ratio 2.270%
- Distribution Fee Level High
- Share Class Type No Load
- Category High Yield Bond
- Credit Quality / Interest Rate Sensitivity Low/Limited
- Min. Initial Investment 5,000
- Status Open
- TTM Yield 5.86%
- Effective Duration 2.84 years
USD | NAV as of Apr 25, 2024 | 1-Day Return as of Apr 25, 2024, 10:14 PM GMT+0
Morningstar’s Analysis RNOTX
Will RNOTX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 14.6
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Cash | 15.93 | 8.6 Mil | Cash and Equivalents |
Western Asset High Income Opp | 2.42 | 1.3 Mil | — |
Blackstone Private Credit Fund 2.63% | 2.19 | 1.2 Mil | Corporate |
Blue Owl Capital Corp III 3.13% | 2.04 | 1.1 Mil | Corporate |
Golub Capital BDC Inc. 3.38% | 2.02 | 1.1 Mil | Corporate |
State Street Instl Treasury MMkt Premier | 1.85 | 996,150 | Cash and Equivalents |
FS KKR Capital Corp 4.13% | 1.81 | 975,438 | Corporate |
FIRST TRUST HY OPPORTUNITIES 2027 TERM | 1.46 | 786,293 | — |
Western Asset Infl-Linked Opps & Inc Fd | 1.18 | 638,259 | — |
Franklin BSP Lending Corp. 3.25% | 1.15 | 621,674 | Corporate |