RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP.PR.B)

Overview

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. is a distinguished closed-end fixed income mutual fund, brought into existence through the joint efforts of RiverNorth Capital Management, LLC, which spearheads its launch and management, and DoubleLine Capital LP, which plays a significant role as a co-manager. Predominantly focusing on the fixed income markets, this fund operates with the prime objective of mirroring the performance metrics of its portfolio against the notable benchmark, the Barclays Capital U.S. Aggregate Bond Index. Having officially marked its inception on December 30, 2010, the fund is incorporated and operates within the jurisdiction of the United States, adhering to the country's regulatory and financial frameworks.

Products and Services

• Closed-ended Fixed Income Mutual Fund

  This product is a core offering of the RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. It is characterized by its closed-ended nature, allowing for a fixed number of shares to be issued during an initial public offering (IPO). This fund invests primarily in the fixed income market, aiming to generate returns through interest income and capital appreciation, targeting investors who seek periodic income generation alongside potential for capital growth.

• Benchmarking against Barclays Capital U.S. Aggregate Bond Index

  As a strategic move to measure performance and ensure alignment with industry standards, the RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. benchmarks the performance of its investment portfolio against the Barclays Capital U.S. Aggregate Bond Index. This index serves as a barometer for assessing the fund's investment efficacy, reflecting its success in achieving or surpassing the aggregated performance of the U.S. bond market.