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Morningstar

RiverNorth Doubleline Strategic Inc I RNSIX

Morningstar Medalist Rating
Medalist Rating as of | See RiverNorth Investment Hub
  • NAV / 1-Day Return 8.62  /  +0.35 %
  • Total Assets 1.2 Bil
  • Adj. Expense Ratio
    1.470%
  • Expense Ratio 1.470%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 5.28%
  • Effective Duration 5.20 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 12:18 AM GMT+0

Morningstar’s Analysis RNSIX

Will RNSIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable RNSIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the RNSIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of RNSIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

RiverNorth Doubleline Strategic Inc I's Average People Pillar and Process Pillar ratings are n't enough to prevent other weaknesses from sending this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

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.

by Morningstar Manager Research
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Portfolio Holdings RNSIX

More RNSIX Holdings
  • 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