RiverNorth Doubleline Strategic Income Fund Class R (RNDLX)
| Fund Assets | 950.73M |
| Expense Ratio | 1.44% |
| Min. Investment | $5,000 |
| Turnover | 50.00% |
| Dividend (ttm) | 0.55 |
| Dividend Yield | 6.40% |
| Dividend Growth | -0.40% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | May 28, 2026 |
| Previous Close | 8.68 |
| YTD Return | 0.21% |
| 1-Year Return | 4.89% |
| 5-Year Return | 10.32% |
| 52-Week Low | 8.64 |
| 52-Week High | 8.99 |
| Beta (5Y) | n/a |
| Holdings | 1315 |
| Inception Date | Dec 30, 2010 |
About RNDLX
RiverNorth/DoubleLine Strategic Income Fund Class R is a diversified open-end mutual fund designed to deliver current income and total return by allocating assets across various income-generating strategies. Managed in partnership between RiverNorth Capital Management and DoubleLine Capital, the fund employs a multi-sector approach, combining tactical closed-end fund income, core fixed income, and opportunistic income strategies. RiverNorth manages allocations to closed-end funds, capitalizing on inefficiencies between market price and net asset value, while DoubleLine focuses on fixed income portfolios and seeks value in opportunistic credit sectors. The fund invests in a broad range of asset types including asset-backed securities, collateralized loan obligations, business development company (BDC) debt, government securities, and high-yield instruments. This structure allows the fund to access multiple segments of the fixed income market, offering investors exposure to diverse credit and interest rate environments. With monthly income distributions and a stated objective to provide a steady income stream, the fund appeals to income-focused investors seeking diversification beyond traditional fixed income products. The strategic collaboration leverages the expertise of both managers, aiming to exploit market opportunities across the credit spectrum while managing risk through diversification and active allocation decisions.
Performance
RNDLX had a total return of 4.89% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.54%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| RNSIX | Class I | 1.20% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| May 28, 2026 | 0.04536 LKR | May 29, 2026 |
| Apr 29, 2026 | 0.04566 LKR | Apr 30, 2026 |
| Mar 30, 2026 | 0.04523 LKR | Mar 31, 2026 |
| Feb 26, 2026 | 0.04641 LKR | Feb 27, 2026 |
| Jan 29, 2026 | 0.04636 LKR | Jan 30, 2026 |
| Dec 30, 2025 | 0.04648 LKR | Dec 31, 2025 |