RiverNorth/Oaktree High Income Fd Cl R (RNOTX)

Overview

The investment focus of this fund is to allocate at least 80% of its assets towards income-generating securities and financial instruments. The spectrum of investments spans across various types of income-producing securities, aiming to diversify the portfolio to enhance both stability and potential returns. Emphasis is placed on including a mix of corporate bonds, government bonds, convertible bonds, and preferred stocks, alongside investments in senior loans, and participation in shares of closed-end funds, ETFs, and other investment companies majorly inclined towards fixed income securities. This strategic diversification is designed to cater to investors seeking income generation with a balanced approach toward risk and return.

Products and Services

• Corporate Bonds

  These are debt securities issued by corporations aiming to raise capital. The fund includes both high-yield, below investment grade bonds (often referred to as "junk bonds") and investment-grade bonds, offering a mix of risk and return to suit various investor profiles.

• Government-Issued Bonds

  Securities issued by governments to finance their operations. These bonds are considered lower risk compared to corporate bonds and provide a steady stream of income through interest payments.

• Convertible Bonds

  These are corporate bonds that can be converted into a predetermined number of the company's shares at certain times during their life, usually at the discretion of the bondholder. This gives the opportunity for capital appreciation in addition to interest income.

• Preferred Stocks

  Equity securities that provide dividends before any dividend is issued to common stockholders. Preferred stocks often have higher yields than common stocks and bonds, and they may also offer conversion to common stock, providing potential for price appreciation.

• Senior Loans

  These are loans made to businesses that are typically secured by the company’s assets. Defined by the manager as a type of security for the purposes of this prospectus, senior loans generally offer higher yields compared to senior debt of the same issuer, with the trade-off of additional credit risk.

• Shares of Closed-End Funds, ETFs, and Other Investment Companies

  The fund invests in shares of closed-end funds, exchange-traded funds (ETFs), and other investment companies that primarily focus on fixed income securities. This allows for broader exposure to a diversified basket of income-generating assets through a single investment.