Rivernorthoaktree High Income Fund Quote
| RNOTX Fund | USD 8.85 0.04 0.45% |
Performance10 of 100
| Odds Of DistressLess than 19
|
Rivernorth/oaktree is trading at 8.85 as of the 28th of November 2024; that is 0.45% down since the beginning of the trading day. The fund's open price was 8.89. Rivernorth/oaktree has less than a 19 % chance of experiencing some financial distress in the next two years of operation and had a ok performance during the last 90 days. Equity ratings for Rivernorthoaktree High Income are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of October 2024 and ending today, the 28th of November 2024. Click here to learn more.
The fund will invest at least 80 percent of its assets in income-producing securities and instruments including, but not limited to, corporate bonds , government-issued bonds, convertible bonds, preferred stocks, senior loans , and shares of closed-end funds, exchange-traded funds and other investment companies that invest principally in fixed income securities.. More on Rivernorthoaktree High Income
Moving together with Rivernorth/oaktree Mutual Fund
Rivernorth/oaktree Mutual Fund Highlights
| Fund Concentration | RiverNorth Funds, Large Funds, High Yield Bond Funds, High Yield Bond, RiverNorth Funds (View all Sectors) |
| Update Date | 30th of September 2024 |
| Expense Ratio Date | 28th of January 2023 |
| Fiscal Year End | September |
Rivernorthoaktree High Income [RNOTX] is traded in USA and was established 28th of November 2024. Rivernorth/oaktree is listed under RiverNorth Funds category by Fama And French industry classification. The fund is listed under High Yield Bond category and is part of RiverNorth Funds family. This fund at this time has accumulated 54.91 M in assets with no minimum investment requirementsRivernorthoaktree High is currently producing year-to-date (YTD) return of 6.97% with the current yeild of 0.0%, while the total return for the last 3 years was 3.97%.
Check Rivernorth/oaktree Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Rivernorth/oaktree Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Rivernorth/oaktree Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Rivernorthoaktree High Income Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Rivernorthoaktree High Income Mutual Fund Constituents
| HFRO | Highland Floating Rate | Fund | Asset Management | |
| VVR | Invesco Senior Income | Fund | Asset Management | |
| RA | Brookfield Real Assets | Fund | Asset Management | |
| JQC | Nuveen Credit Strategies | Fund | Asset Management | |
| JLS | Nuveen Mortgage Opportunity | Etf | Asset Management | |
| ISD | Pgim High Yield | Fund | Asset Management | |
| HYT | Blackrock Corporate High | Fund | Asset Management | |
| HIO | Western Asset High | Fund | Asset Management |
Rivernorthoaktree High Risk Profiles
| Mean Deviation | 0.0721 | |||
| Standard Deviation | 0.0927 | |||
| Variance | 0.0086 | |||
| Downside Variance | 0.0185 |
Rivernorth/oaktree Against Markets
Other Information on Investing in Rivernorth/oaktree Mutual Fund
Rivernorth/oaktree financial ratios help investors to determine whether Rivernorth/oaktree Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Rivernorth/oaktree with respect to the benefits of owning Rivernorth/oaktree security.
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas |