RiverNorth/Oaktree High Income Fund (RNHIX)
The investment seeks overall total return consisting of long-term capital appreciation and income. The fund will invest at least 80% of its assets in income-producing securities and instruments including, but not limited to, corporate bonds (including high-yield, below investment grade bonds, which are sometimes referred to as "junk bonds"), government-issued bonds, convertible bonds, preferred stocks, senior loans (which the manager defines as a type of security for purposes of this prospectus), and shares of closed-end funds, exchange-traded funds (ETFs) and other investment companies that invest principally in fixed income securities.
Fund Info
US76881N8065
76881N806
Dec 28, 2012
$100,000
Expense Ratio
RNHIX has a high expense ratio of 1.81%, 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/Oaktree High Income 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/Oaktree High Income Fund had a return of 1.18% year-to-date (YTD) and 8.25% in the last 12 months. Over the past 10 years, RiverNorth/Oaktree High Income Fund had an annualized return of 4.18%, while the S&P 500 had an annualized return of 11.31%, indicating that RiverNorth/Oaktree High Income Fund did not perform as well as the benchmark.
RNHIX
1.18%
0.73%
3.24%
8.25%
3.86%
4.18%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of RNHIX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.96% | 1.18% | |||||||||||
| 2024 | 0.27% | 0.47% | 0.83% | -0.65% | 0.96% | 0.72% | 1.64% | 1.41% | 0.95% | -0.18% | 0.95% | -0.19% | 7.40% |
| 2023 | 4.06% | -1.09% | 0.22% | 0.97% | -0.67% | 1.45% | 1.33% | 0.32% | -0.68% | -0.61% | 3.47% | 3.04% | 12.30% |
| 2022 | -1.41% | -0.93% | -0.27% | -2.15% | -0.60% | -5.23% | 4.02% | -0.73% | -3.47% | 2.45% | 2.57% | -0.69% | -6.60% |
| 2021 | 0.39% | 0.49% | 0.06% | 0.70% | 0.21% | 0.76% | 0.11% | 0.38% | 0.28% | -0.19% | -0.55% | 1.29% | 3.99% |
| 2020 | 0.16% | -1.83% | -11.92% | 4.19% | 3.99% | 0.59% | 3.07% | 1.20% | -0.42% | -0.12% | 3.54% | 1.51% | 2.90% |
| 2019 | 3.71% | 1.52% | 0.05% | 1.81% | -0.88% | 1.54% | 0.39% | -0.07% | 0.66% | -0.15% | 0.61% | 1.52% | 11.17% |
| 2018 | 0.36% | -0.54% | -0.15% | 0.54% | -0.18% | -0.08% | 0.88% | 0.46% | 0.34% | -1.11% | -0.80% | -1.93% | -2.21% |
| 2017 | 1.36% | 1.11% | -0.47% | 1.17% | 0.55% | -0.21% | 1.13% | -0.21% | 0.36% | 0.41% | -0.26% | 0.42% | 5.48% |
| 2016 | -1.38% | -0.25% | 4.15% | 2.45% | 0.84% | 0.40% | 2.26% | 1.43% | 0.43% | 0.34% | 0.03% | 1.75% | 13.06% |
| 2015 | 0.27% | 1.91% | -0.22% | 0.82% | -0.07% | -1.63% | -0.33% | -1.61% | -1.93% | 2.63% | -1.95% | -1.17% | -3.35% |
| 2014 | 0.92% | 2.27% | 0.20% | 0.62% | 0.82% | 0.53% | -0.98% | 0.92% | -1.56% | 0.55% | -0.12% | -3.11% | 0.96% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 97, RNHIX is among the top 3% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for RiverNorth/Oaktree High Income Fund (RNHIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
RiverNorth/Oaktree High Income Fund provided a 7.11% dividend yield over the last twelve months, with an annual payout of $0.63 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.63 | $0.61 | $0.53 | $0.54 | $0.34 | $0.36 | $0.49 | $0.44 | $0.37 | $0.47 | $0.53 | $0.60 |
Dividend yield | 7.11% | 6.92% | 6.03% | 6.50% | 3.60% | 3.82% | 5.08% | 4.80% | 3.78% | 4.93% | 5.93% | 6.20% |
Monthly Dividends
The table displays the monthly dividend distributions for RiverNorth/Oaktree High Income 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.05 | $0.00 | $0.05 | ||||||||||
| 2024 | $0.03 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.61 |
| 2023 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.04 | $0.06 | $0.53 |
| 2022 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.22 | $0.03 | $0.04 | $0.54 |
| 2021 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2020 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.36 |
| 2019 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.10 | $0.03 | $0.49 |
| 2018 | $0.04 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.04 | $0.03 | $0.03 | $0.09 | $0.44 |
| 2017 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2016 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.47 |
| 2015 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.15 | $0.53 |
| 2014 | $0.05 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.17 | $0.60 |
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/Oaktree High Income 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/Oaktree High Income Fund was 22.43%, occurring on Mar 23, 2020. Recovery took 172 trading sessions.
The current RiverNorth/Oaktree High Income Fund drawdown is 0.11%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22.43% | Feb 24, 2020 | 21 | Mar 23, 2020 | 172 | Nov 24, 2020 | 193 |
| -11.17% | Jul 15, 2014 | 399 | Feb 11, 2016 | 106 | Jul 14, 2016 | 505 |
| -10.61% | Jan 5, 2022 | 185 | Sep 29, 2022 | 276 | Nov 3, 2023 | 461 |
| -5.15% | May 9, 2013 | 32 | Jun 24, 2013 | 85 | Oct 23, 2013 | 117 |
| -4.63% | Oct 4, 2018 | 55 | Dec 21, 2018 | 37 | Feb 15, 2019 | 92 |
Volatility
Volatility Chart
The current RiverNorth/Oaktree High Income Fund volatility is 0.62%, 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.