RiverNorth Core Opportunity Fund (RNCOX)
The investment seeks long-term capital appreciation and income. The fund's adviser will allocate the fund's investments among equities, fixed income securities, and cash and cash equivalents. The adviser may allocate to the various asset classes either through the purchase of closed-end investment companies (including business development companies (BDCs)), exchange-traded funds ("ETFs") and other investment companies (collectively, "underlying funds") or through direct investment in the various securities. To achieve exposure to the asset classes discussed above, it will typically invest more than 50% of its assets in underlying funds.
Fund Info
| ISIN | US76881N1037 |
|---|---|
| CUSIP | 76881N103 |
| Issuer | RiverNorth Funds |
| Inception Date | Dec 26, 2006 |
| Category | Diversified Portfolio |
| Min. Investment | $5,000 |
| Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
RNCOX has a high expense ratio of 1.64%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in RiverNorth Core Opportunity Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
RiverNorth Core Opportunity Fund had a return of 13.51% year-to-date (YTD) and 21.39% in the last 12 months. Over the past 10 years, RiverNorth Core Opportunity Fund had an annualized return of 6.53%, while the S&P 500 had an annualized return of 10.85%, indicating that RiverNorth Core Opportunity Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 13.51% | 17.79% |
| 1 month | 1.85% | 0.18% |
| 6 months | 7.09% | 7.53% |
| 1 year | 21.39% | 26.42% |
| 5 years (annualized) | 7.46% | 13.48% |
| 10 years (annualized) | 6.53% | 10.85% |
Monthly Returns
The table below presents the monthly returns of RNCOX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.26% | 2.26% | 2.73% | -2.98% | 4.15% | 1.74% | 0.92% | 1.45% | 13.51% | ||||
| 2023 | 6.62% | -1.70% | -0.95% | 0.67% | -1.55% | 3.17% | 3.00% | -1.80% | -3.08% | -1.96% | 7.06% | 3.58% | 13.10% |
| 2022 | -1.50% | -1.87% | 0.52% | -5.51% | -0.23% | -5.79% | 5.55% | -1.66% | -8.00% | 4.25% | 5.97% | -3.34% | -12.01% |
| 2021 | 2.20% | 3.37% | 2.90% | 2.44% | 1.59% | 1.55% | -0.21% | 1.15% | -0.57% | 2.24% | -2.24% | 0.98% | 16.37% |
| 2020 | -0.76% | -6.89% | -19.39% | 8.67% | 5.43% | 3.03% | 2.25% | 3.22% | -2.03% | -1.72% | 12.34% | 2.51% | 2.88% |
| 2019 | 8.10% | 1.65% | 0.58% | 2.26% | -3.32% | 4.49% | 0.74% | -2.20% | 1.93% | 0.94% | 1.46% | 3.90% | 22.02% |
| 2018 | 2.40% | -2.80% | -0.82% | 0.66% | 0.19% | -0.34% | 2.25% | 0.64% | -0.16% | -5.78% | 1.37% | -5.48% | -7.98% |
| 2017 | 3.03% | 2.25% | 0.48% | 1.87% | 0.33% | 0.65% | 2.17% | 0.16% | 1.91% | 0.89% | 0.72% | 2.08% | 17.80% |
| 2016 | -5.44% | 0.00% | 7.38% | 2.56% | 0.37% | 1.68% | 4.03% | 0.61% | 0.02% | -2.21% | 0.72% | 2.37% | 12.19% |
| 2015 | -0.50% | 3.17% | -0.89% | 1.63% | -0.56% | -2.81% | -0.84% | -4.90% | -3.41% | 6.05% | -1.23% | -1.36% | -5.94% |
| 2014 | -1.37% | 3.75% | 0.31% | 1.10% | 1.62% | 1.75% | -1.57% | 2.05% | -2.76% | 1.23% | 0.83% | -0.68% | 6.26% |
| 2013 | 4.40% | 0.41% | 1.73% | 1.05% | 0.40% | -1.99% | 2.44% | -2.07% | 2.60% | 3.08% | 0.16% | 2.37% | 15.36% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of RNCOX is 86, placing it in the top 14% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for RiverNorth Core Opportunity Fund (RNCOX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
RiverNorth Core Opportunity Fund granted a 4.53% dividend yield in the last twelve months. The annual payout for that period amounted to $0.35 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.27 | $0.30 | $2.01 | $0.34 | $0.39 | $2.64 | $2.37 | $0.52 | $0.85 | $1.19 | $0.92 |
Dividend yield | 4.53% | 3.79% | 4.62% | 26.27% | 4.13% | 4.57% | 36.22% | 21.95% | 4.60% | 8.10% | 9.91% | 7.40% |
Monthly Dividends
The table displays the monthly dividend distributions for RiverNorth Core Opportunity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.01 | $0.01 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.25 | |||
| 2023 | $0.02 | $0.02 | $0.01 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.27 |
| 2022 | $0.04 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.01 | $0.03 | $0.06 | $0.30 |
| 2021 | $0.06 | $0.01 | $0.01 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.06 | $0.06 | $0.05 | $1.63 | $2.01 |
| 2020 | $0.02 | $0.01 | $0.04 | $0.02 | $0.02 | $0.06 | $0.02 | $0.02 | $0.04 | $0.02 | $0.02 | $0.06 | $0.34 |
| 2019 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.04 | $0.03 | $0.04 | $0.39 |
| 2018 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $2.51 | $2.64 |
| 2017 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $2.01 | $2.37 |
| 2016 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.19 | $0.52 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.62 | $0.85 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.19 | $1.19 |
| 2013 | $0.92 | $0.92 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the RiverNorth Core Opportunity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the RiverNorth Core Opportunity Fund was 45.56%, occurring on Nov 20, 2008. Recovery took 223 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -45.56% | Jun 6, 2008 | 117 | Nov 20, 2008 | 223 | Oct 12, 2009 | 340 |
| -39.15% | Jan 21, 2020 | 41 | Mar 18, 2020 | 181 | Dec 3, 2020 | 222 |
| -19.6% | Apr 29, 2015 | 200 | Feb 11, 2016 | 125 | Aug 10, 2016 | 325 |
| -19.17% | Nov 9, 2021 | 235 | Oct 14, 2022 | 325 | Feb 1, 2024 | 560 |
| -15.86% | May 3, 2011 | 107 | Oct 3, 2011 | 95 | Feb 17, 2012 | 202 |
Volatility
Volatility Chart
The current RiverNorth Core Opportunity Fund volatility is 1.53%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.