Product Overview
The Fund seeks to provide investors with long-term capital appreciation and income. RiverNorth allocates the Fund’s assets primarily among closed-end funds and exchange-traded funds. While RiverNorth believes markets are generally efficient, closed-end funds offer a unique structure whereby investors can purchase a diversified fund and potentially generate additional return through the change in the relationship between the closed-end fund’s market price and Net Asset Value (NAV).
Investment Strategy
RiverNorth also believes combining a closed-end fund strategy with a proven credit manager such as Oaktree Capital Management, L.P. provides an attractive investment vehicle for investors.
RNHIX provides access to three principal strategies from experts in their respective asset classes, with RiverNorth allocating the Fund’s assets among:
- Tactical Closed-End Fund strategy managed by RiverNorth, which seeks to capitalize on inefficiencies within the closed-end fund space
- High Yield Bond and Senior Loan strategies managed by Oaktree Fund Advisers, LLC, with a value-oriented and risk-controlled approach to investing in high yield bonds and senior loans
Product Material
Firm Overview
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Investors should consider the investment objective, management fees, risks, charges and expenses of the Fund carefully before investing. The Prospectus contains this and other information about the Fund. For a current Prospectus, call toll-free 888.848.7569 or visit rivernorth.com. Please read the Prospectus carefully before you invest.
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