RiverNorth Core Opportunity Fund Class I (RNCIX)
| Fund Assets | 45.16M |
| Expense Ratio | 4.05% |
| Min. Investment | $100,000 |
| Turnover | n/a |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | 52.40% |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 7.92 |
| YTD Return | 9.09% |
| 1-Year Return | 12.23% |
| 5-Year Return | 60.26% |
| 52-Week Low | 6.97 |
| 52-Week High | 7.96 |
| Beta (5Y) | n/a |
| Holdings | 60 |
| Inception Date | Aug 11, 2014 |
About RNCIX
RiverNorth Core Opportunity Fund Class I is an open-end mutual fund focused on providing long-term capital appreciation and income by employing an opportunistic, multi-asset allocation strategy. Managed by RiverNorth Capital Management, the fund’s defining feature is its substantial allocation to closed-end funds, representing approximately 80% or more of assets—a level among the highest within the RiverNorth suite of products. To complement its closed-end fund exposure, the portfolio also invests in exchange-traded funds, business development company debt, special purpose acquisition companies, and cash or Treasuries, offering exposure across both equity and fixed income markets. A distinct aspect of the fund is its tactical approach to exploiting market inefficiencies, particularly trading discounts in closed-end funds. The fund seeks additional return potential by actively managing these positions. Risk is measured conservatively, with recent data indicating a beta near 0.5 to the S&P 500 Index and an estimated duration of around three years, reflecting moderate market sensitivity. The fund targets a level distribution, set at 7% of net asset value, and typically delivers periodic payouts consisting of dividend income and capital gains. RiverNorth Core Opportunity Fund Class I plays a unique role for investors seeking diversified access to both traditional and alternative market segments through a dynamic, opportunistic allocation model.
Performance
RNCIX had a total return of 12.23% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.96%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| RNCOX | Class R | 4.31% |
Top 10 Holdings
52.39% of assets| Name | Symbol | Weight |
|---|---|---|
| State Street Treasury Fund | TRIXX | 10.25% |
| Pershing Square Holdings, Ltd. | PSH | 7.78% |
| iShares Flexible Income Active ETF | BINC | 6.63% |
| Saba Capital Income & Opportunities Fund II | SABA | 4.86% |
| Western Asset Inflation-Linked Opportunities & Income Fund | WIW | 4.37% |
| Clough Global Equity Fund | GLQ | 4.21% |
| Invesco RAFI Emerging Markets ETF | PXH | 4.20% |
| BlackRock Science and Technology Term Trust | BSTZ | 3.51% |
| Royce Small-Cap Trust, Inc. | RVT | 3.33% |
| Royce Micro-Cap Trust, Inc. | RMT | 3.25% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 27, 2025 | $0.04416 | Jun 30, 2025 |
| May 29, 2025 | $0.04335 | May 30, 2025 |
| Apr 29, 2025 | $0.04203 | Apr 30, 2025 |
| Mar 28, 2025 | $0.04288 | Mar 31, 2025 |
| Feb 27, 2025 | $0.04401 | Feb 28, 2025 |
| Jan 30, 2025 | $0.0435 | Jan 31, 2025 |