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RiverNorth Core Opportunity R (RNCOX)

13.28 Down 0.02(0.15%) Sep 19

Profile as of Aug 30, 2014Get Profile for:
RiverNorth Core Opportunity R
325 N Lasalle St. Suite 645Chicago IL 60610
Map
Phone: 888-848-7569
Fund Overview 
Category:Moderate Allocation
Fund Family:RiverNorth Funds
Net Assets:754.32M
Year-to-Date Return:7.79%
Yield:1.68%
Morningstar Rating:4 stars
Fund Inception Date:Dec 27, 2006
Morningstar Style Box 
Moderate Allocation
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Management Information 
Stephen O’Neill
Lead Manager since Dec 31, 2008
Mr. O’Neill is a Portfolio Manager and Trader at RiverNorth. He co-manages the firm’s closed-end fund trading strategies. Mr. O'Neill is a member of the asset allocation team and helps to oversee the research analysts. Prior to joining RiverNorth, he was an Assistant Vice President at Bank of America in the Global Investment Bank’s Portfolio Management group. At Bank of America, he specialized in the corporate real estate, asset management and structured finance industries. He graduated magna cum laude from Miami University in Oxford, Ohio with a B.S. in finance and a minor in Economics. He has received the Chartered Financial Analyst (CFA) designation, is a member of the CFA Institute, and is a member of the CFA Society of Chicago.
Investment Information 
Min Initial Investment:5,000
Min Initial Investment, IRA:1,000
Min Initial Investment, AIP:N/A
Min Subsequent Investment:100
Min Subsequent Investment, IRA:100
Min Subsequent Investment, AIP:N/A
RNCOX can be purchased from 125 brokerages.

Fund Summary 
The investment seeks long-term capital appreciation and income. The fund's adviser allocates its investments among equities, fixed income securities, and cash and cash equivalents. It typically invests more than 50% of its assets in underlying funds. The remaining portion of its assets will be invested in individual equity and debts and alternative assets, such as "REITs", limited partnerships and structured securities, collateralized mortgage and debt obligations. The fund may invest directly in exchange-traded notes ("ETNs"), structured notes, equity and debt securities of U.S. corporate issuers, and U.S. government securities.

Fund Operations 
Last Dividend (Dec 29, 2013) : 0.24
Last Cap Gain : 0.00
Annual Holdings Turnover (Sep 17, 2014) : 46.00%
Average for Category:40.71%
Fees & Expenses 
ExpenseRNCOXCategory Avg
Annual Report Expense Ratio (net):1.35%0.93%
Prospectus Net Expense Ratio:2.22%N/A
Prospectus Gross Expense Ratio:2.22%N/A
Max 12b1 Fee:0.25%N/A
Max Front End Sales Load:N/A5.28%
Max Deferred Sales Load: N/A2.50%
3 Yr Expense Projection*:685580
5 Yr Expense Projection*:1,174890
10 Yr Expense Projection*:2,5201,770
* Per $10,000 invested