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 Doubleline Strategic Inc R RNDLX
- NAV / 1-Day Return 8.88 / +0.34 %
- Total Assets 1.2 Bil
-
Adj. Expense Ratio
- Expense Ratio 1.720%
- Distribution Fee Level High
- Share Class Type No Load
- Category Multisector Bond
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 5,000
- Status Open
- TTM Yield 5.41%
- Effective Duration 5.28 years
USD | NAV as of Jul 27, 2024 | 1-Day Return as of Jul 27, 2024, 12:12 AM GMT+0
Morningstar’s Analysis RNDLX
Will RNDLX 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 24.9
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
United States Treasury Bonds 4.75% | 5.42 | 67.9 Mil | Government |
United States Treasury Notes 4.63% | 4.15 | 52.0 Mil | Government |
State Street Instl Treasury MMkt Premier | 3.96 | 49.5 Mil | Cash and Equivalents |
United States Treasury Bonds 4.25% | 3.71 | 46.4 Mil | Government |
RiverNorth/Oaktree High Income I | 2.80 | 35.1 Mil | — |
Nuveen Pref & Income Opps Fund | 2.40 | 30.1 Mil | — |
Nuveen AMT-Free Quality Muni Inc | 1.45 | 18.2 Mil | — |
United States Treasury Notes 4% | 1.34 | 16.8 Mil | Government |
Western Asset Emerg Mkts Debt | 1.24 | 15.5 Mil | — |
PIMCO High Income | 1.24 | 15.5 Mil | — |