Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.
RiverNorth Doubleline Strategic Inc R RNDLX
- NAV / 1-Day Return 8.65 / −0.12 %
- 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 5.03%
- Effective Duration 5.20 years
USD | NAV as of Apr 25, 2024 | 1-Day Return as of Apr 25, 2024, 12:01 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 21.9
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
United States Treasury Bonds 4.75% | 4.43 | 53.1 Mil | Government |
State Street Instl Treasury MMkt Premier | 4.34 | 52.1 Mil | Cash and Equivalents |
United States Treasury Bonds 4.75% | 3.83 | 45.9 Mil | Government |
RiverNorth/Oaktree High Income I | 2.88 | 34.5 Mil | — |
Nuveen Pref & Income Opps Fund | 2.37 | 28.4 Mil | — |
United States Treasury Notes 4.5% | 1.93 | 23.1 Mil | Government |
Nuveen AMT-Free Quality Muni Inc | 1.51 | 18.1 Mil | — |
United States Treasury Notes 3.75% | 1.41 | 16.9 Mil | Government |
Western Asset Emerg Mkts Debt | 1.24 | 14.8 Mil | — |
Legacy Mortgage Asset Trust 2019-Gs7 8.5% | 1.18 | 14.2 Mil | Securitized |