RiverNorth Doubleline Strategic Inc R
RNDLX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- Chicago, IL 60654 Chicago IL United States of America 60654
- IPO Date
- Dec 30, 2010
- CIK
- 0001370177
- Website
- rivernorth.com
- Similar Companies
- Business
- RiverNorth/DoubleLine Strategic Income Fund (RNDLX) is a mutual fund that seeks current income and overall total return by tactically allocating assets among three principal strategies: the Tactical Closed-End Fund Income strategy managed by RiverNorth Capital Management, LLC, which invests primarily in closed-end funds, special purpose acquisition companies, and business development companies; the Core Fixed Income strategy and Opportunistic Income strategy managed by sub-adviser DoubleLine Capital LP, which focus on diversified fixed-income securities including U.S. government bonds, mortgage-backed securities, asset-backed securities, high-yield bonds, emerging market debt, and derivatives such as swaps and structured notes. The fund employs leverage through borrowings to enhance returns and invests across domestic and international markets, targeting retail and institutional investors seeking multisector bond exposure with a benchmark to the Bloomberg U.S. Aggregate Bond Index. It offers Class R shares with a net expense ratio of 1.77%, a minimum investment of $5,000, and monthly distributions that may include dividend income, capital gains, and return of capital. Launched on December 30, 2010, the fund is headquartered in West Palm Beach, Florida, where adviser RiverNorth Capital Management, LLC -- founded in 2000 -- is based, alongside sub-adviser DoubleLine Capital LP, established in 2009. RiverNorth oversees approximately $6.2 billion in assets across registered and private funds focused on opportunistic fixed-income and closed-end fund strategies, while DoubleLine provides expertise in core and alternative credit. Recent developments include a contractual fee waiver and expense reimbursement agreement by RiverNorth through at least January 31, 2026, covering acquired fund fees for investments in affiliated funds, which supports the fund's net operating expenses. In the 2Q25 commentary, the managers increased the closed-end fund allocation over the prior six months to capitalize on widened discounts amid market volatility. The prospectus was updated as of January 28, 2025, reflecting ongoing strategic adjustments to fixed-income valuations and interest rate sensitivity, with estimated duration measures and performance statistics benchmarked since inception. No major acquisitions, partnerships, or name changes have been announced for the fund in the last 1-2 years.