RiverNorth/Oaktree High Income Fd Cl I (RNHIX)

Overview

The fund is designed to cater to investors seeking income through a diversified portfolio of income-producing securities and instruments. By allocating at least 80% of its assets into a variety of fixed-income securities, the fund aims to offer a balanced approach towards generating income while managing risks associated with different types of bonds and income-generating investments. The fund's investment strategy encompasses a broad spectrum of fixed-income securities, including corporate bonds, government-issued bonds, and convertible bonds, as well as preferred stocks and senior loans. Additionally, the fund invests in closed-end funds, exchange-traded funds (ETFs), and other investment companies that primarily focus on fixed income securities, thereby providing investors with a comprehensive solution for income investment needs.

Products and Services

• Corporate Bonds

  These are debt securities issued by corporations to fund capital improvements, expansions, and other operational needs. The fund invests in both high-yield, below investment grade bonds, known as "junk bonds," and higher-rated corporate bonds, offering a mix of risk and potential return.

• Government-Issued Bonds

  These bonds are issued by governmental entities and generally considered low-risk investments. They provide a stable income stream, with the fund investing in a variety of government bonds to benefit from their security and reliability.

• Convertible Bonds

  Convertible bonds are a type of corporate bond that can be converted into a predetermined number of the company's equity shares at certain times during their life, usually at the discretion of the bondholder. This offers the potential for capital appreciation in addition to income.

• Preferred Stocks

  Preferred stocks represent equity in a company but typically do not come with voting rights. However, they offer a fixed dividend, which makes them similar to bonds, and are often considered a more stable source of dividend income than common stocks.

• Senior Loans

  Defined by the manager as a type of security for the purposes of this prospectus, senior loans are debt instruments that are secured and have a higher claim on the issuer's assets and earnings than other types of bonds and debt securities. These tend to offer higher yields compared to more senior debt instruments.

• Closed-end Funds, Exchange-Traded Funds (ETFs), and Other Investment Companies

  The fund invests in shares of closed-end funds, ETFs, and other investment companies that primarily invest in fixed income securities. This strategy offers diversification across various types of income-generating securities, enhancing the fund's portfolio balance and potential for income.