RiverNorth/DoubleLine Strategic Income Fund Marks 10-Year Anniversary With Strong Long-Term Performance
RiverNorth Capital Management, LLC (“RiverNorth”), an investment management firm specializing in opportunistic investment strategies, marked the 10-year anniversary of its RiverNorth/DoubleLine Strategic Income Fund, Inc. (the “Fund”) with strong long-term performance.
Launched on December 30, 2010, the Fund today has more than
“The 10-year anniversary is a significant milestone for the Fund,” said Patrick Galley, RiverNorth Chief Executive Officer and Chief Investment Officer. “When the Fund launched ten years ago, we were thrilled to partner with the esteemed Jeffrey Gundlach and his team at DoubleLine to offer investors a truly distinctive fixed-income strategy that combines DoubleLine’s fixed income expertise alongside of RiverNorth’s deep experience in opportunistically investing in closed-end funds. Together we have had an unwavering commitment to deliver competitive risk-adjusted fixed-income returns to our clients.”
The Fund employs an opportunistic approach designed to capitalize on the inefficiencies within the closed-end fund space and fixed-income markets. With the flexibility to respond to market dynamics, the Fund allocates its assets among three complementary strategies.
- Tactical closed-end fund income strategy – managed by RiverNorth
- Core fixed income – managed by DoubleLine
- Opportunistic income – managed by DoubleLine
"The key to the Fund's success has been its focus on pure active management,” Mr. Gundlach said. "Patrick and I continue to share the same dedication to managing risk relative to reward – notably across tactical allocation to closed-end funds, security selection, sector weightings, and overall portfolio construction. Through that careful integration of risk/reward trade-offs and pay-offs, the portfolio is optimized for what we believe is the best fixed income opportunity set at any point in time."
About RiverNorth
RiverNorth Capital Management, LLC is an investment management firm founded in 2000. With
About DoubleLine
DoubleLine Capital LP, a registered investment adviser under the Investment Advisers Act of 1940, acts as the investment sub-adviser for the Fund. DoubleLine and its affiliates managed approximately
SEE IMPORTANT DISCLOSURES BELOW.
1Total Returns for the Period Ending 12.31.2020
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Bloomberg Barclays U.S. Aggregate Bond Index5 |
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Performance data quoted represents past performance, which is not a guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. You can obtain performance data current to the most recent month end by calling (888) 848-7569 or by visiting rivernorth.com. Total return measures net investment income and capital gain or loss from portfolio investments. All performance shown assumes reinvestment of dividends and capital gains distributions.
The expense ratio as disclosed in the Fund’s annual report dated 9.30.2020 is
2 30-Day SEC Yield: The yield figure reflects the dividends and interest earned during the period, after the deduction of the Fund’s expenses.
3 The Fund pays periodic distributions consisting of dividend income, return of capital, and capital gains. However, the tax characteristics of these distributions cannot be fully determined until after the end of year when the Fund’s underlying investments designate or reclassify the composition of their payments. In the interim, the Fund estimates return of capital rates based on the previous year’s distribution. As a result, a portion of the quoted SEC Yield may consist of an estimated amount of return of capital.
4 Firm AUM reflects Managed Assets which includes the effects of leverage and investments in affiliated funds.
5 The Barclays Capital U.S. Aggregate Bond Index is an unmanaged index of investment-grade fixed-rate debt issues with maturities of at least one year. The index cannot be invested in directly and does not reflect fees and expenses.
Alpha is a measure of performance on a risk-adjusted basis. The excess return of a fund relative to the return of the benchmark index is a fund's alpha.
Investing in the Fund involves certain risks, including loss of principle, that are described in the "Risks" section of the Prospectus.
Investors should consider the investment objective, management fees, risks, charges and expenses of the Fund carefully before investing. The Prospectus contains this and other information about the Fund. For a current Prospectus, call toll-free 888.848.7569 or visit rivernorth.com. Please read the Prospectus carefully before you invest.
Distributed by ALPS Distributors, Inc. Member FINRA. ALPS Distributors, Inc. is unaffiliated with RiverNorth Capital Management, LLC.
RiverNorth® and the RN Logo are registered trademarks of RiverNorth Capital Management, LLC.
©2000-2021 RiverNorth Capital Management, LLC. All rights reserved.
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