RiverNorth Doubleline Strategic Income Fund (RNSIX)
The fund's adviser allocates the fund's assets among three principal strategies: Tactical Closed-end Fund Income strategy, Core Fixed Income strategy, and Opportunistic Income strategy. The amount allocated to each of the principal strategies may change depending on the adviser's assessment of market risk, security valuations, market volatility, and the prospects for earning income and total return.
Fund Info
| ISIN | US76881N2027 |
|---|---|
| CUSIP | 76881N202 |
| Issuer | RiverNorth Funds |
| Inception Date | Dec 29, 2010 |
| Category | Multisector Bonds |
| Min. Investment | $100,000 |
| Asset Class | Bond |
Expense Ratio
RNSIX features an expense ratio of 0.87%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in RiverNorth Doubleline Strategic 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 Doubleline Strategic Income Fund had a return of 9.05% year-to-date (YTD) and 15.27% in the last 12 months. Over the past 10 years, RiverNorth Doubleline Strategic Income Fund had an annualized return of 3.67%, while the S&P 500 had an annualized return of 10.85%, indicating that RiverNorth Doubleline Strategic Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 9.05% | 17.79% |
| 1 month | 2.00% | 0.18% |
| 6 months | 7.32% | 7.53% |
| 1 year | 15.27% | 26.42% |
| 5 years (annualized) | 3.02% | 13.48% |
| 10 years (annualized) | 3.67% | 10.85% |
Monthly Returns
The table below presents the monthly returns of RNSIX, 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 | 1.07% | -0.26% | 1.47% | -1.75% | 1.60% | 1.24% | 2.27% | 1.34% | 9.05% | ||||
| 2023 | 4.17% | -1.58% | 0.34% | 0.80% | -0.67% | 0.58% | 0.80% | -0.26% | -2.39% | -1.79% | 5.05% | 3.97% | 9.06% |
| 2022 | -1.51% | -1.80% | -1.33% | -2.89% | -1.01% | -2.65% | 2.33% | -1.10% | -5.09% | -0.72% | 3.52% | -0.95% | -12.68% |
| 2021 | 0.59% | 0.06% | -0.13% | 0.78% | 0.81% | 0.80% | 0.65% | 0.09% | -0.26% | 0.29% | -0.22% | 0.16% | 3.66% |
| 2020 | 1.48% | 0.02% | -9.36% | 2.53% | 3.28% | 1.59% | 1.96% | 0.84% | 0.23% | -0.03% | 2.65% | 1.30% | 6.03% |
| 2019 | 3.51% | 0.91% | 0.98% | 0.92% | 0.42% | 1.73% | 0.53% | 0.59% | 0.34% | 0.13% | 0.22% | 1.13% | 11.96% |
| 2018 | -0.39% | -0.54% | 0.71% | -0.05% | 0.10% | -0.02% | 0.28% | 0.82% | -0.17% | -1.45% | -0.05% | -0.52% | -1.28% |
| 2017 | 0.95% | 0.83% | -0.39% | 1.14% | 0.75% | -0.09% | 0.84% | 0.45% | -0.10% | -0.31% | -0.45% | 0.54% | 4.23% |
| 2016 | -0.17% | -0.24% | 2.56% | 1.44% | 0.41% | 1.15% | 2.06% | 0.58% | 0.13% | -0.28% | -0.58% | 1.08% | 8.41% |
| 2015 | 1.04% | 0.47% | 0.18% | 0.66% | -0.16% | -1.45% | 0.07% | -0.97% | -0.57% | 1.65% | -0.55% | -0.32% | 0.01% |
| 2014 | 2.74% | 1.59% | 0.09% | 1.18% | 1.49% | 0.55% | -0.51% | 1.23% | -0.81% | 0.54% | 0.34% | -0.18% | 8.50% |
| 2013 | 0.95% | 0.41% | 0.43% | 1.37% | -1.46% | -2.70% | -0.71% | -1.12% | 1.64% | 1.42% | -0.52% | 0.63% | 0.25% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of RNSIX is 82, placing it in the top 18% 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 Doubleline Strategic Income Fund (RNSIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
RiverNorth Doubleline Strategic Income Fund granted a 5.66% dividend yield in the last twelve months. The annual payout for that period amounted to $0.52 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.52 | $0.45 | $0.71 | $0.44 | $0.46 | $0.53 | $0.53 | $0.53 | $0.55 | $0.59 | $0.70 | $0.65 |
Dividend yield | 5.66% | 5.14% | 8.40% | 4.20% | 4.34% | 5.17% | 5.46% | 5.08% | 5.22% | 5.83% | 6.46% | 6.10% |
Monthly Dividends
The table displays the monthly dividend distributions for RiverNorth Doubleline Strategic 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.37 | |||
| 2023 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.45 |
| 2022 | $0.04 | $0.04 | $0.05 | $0.06 | $0.04 | $0.07 | $0.05 | $0.05 | $0.07 | $0.09 | $0.07 | $0.08 | $0.71 |
| 2021 | $0.05 | $0.03 | $0.06 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.44 |
| 2020 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.46 |
| 2019 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.53 |
| 2018 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.05 | $0.06 | $0.53 |
| 2017 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.11 | $0.53 |
| 2016 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.03 | $0.05 | $0.04 | $0.04 | $0.55 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.14 | $0.59 |
| 2014 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.09 | $0.70 |
| 2013 | $0.04 | $0.05 | $0.05 | $0.04 | $0.04 | $0.05 | $0.07 | $0.06 | $0.06 | $0.05 | $0.05 | $0.08 | $0.65 |
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 Doubleline Strategic 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 Doubleline Strategic Income Fund was 16.09%, occurring on Oct 20, 2022. Recovery took 445 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.09% | Sep 15, 2021 | 278 | Oct 20, 2022 | 445 | Jul 31, 2024 | 723 |
| -14.23% | Mar 5, 2020 | 13 | Mar 23, 2020 | 141 | Oct 12, 2020 | 154 |
| -6.38% | May 10, 2013 | 70 | Aug 19, 2013 | 120 | Feb 10, 2014 | 190 |
| -4.37% | Apr 27, 2015 | 186 | Jan 20, 2016 | 57 | Apr 12, 2016 | 243 |
| -3.45% | Aug 31, 2018 | 78 | Dec 21, 2018 | 13 | Jan 11, 2019 | 91 |
Volatility
Volatility Chart
The current RiverNorth Doubleline Strategic Income Fund volatility is 0.87%, 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.