RiverNorth Core Opportunity
325 N Lasalle St. Suite 645 Chicago IL 60610
Map
Phone: 888-848-7569
| Category: | Moderate Allocation | | Fund Family: | RiverNorth Funds | | Net Assets: | 87.36M | | Year-to-Date Return: | -4.62% | | Yield: | 2.25% | | Morningstar Rating: | N/A | | Fund Inception Date: | 27-Dec-06 |
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Patrick W. Galley
Lead Manager since
27-Dec-06 | | | Galley is the Chief Investment Officer for RiverNorth Capital. Prior to joining RiverNorth Capital in 2004, he was a Vice President of the Portfolio Management Group at Bank of Americas Global Corporate Investment Bank from 2003 to 2004. From 1997 to 2003, he held various other positions with the Portfolio Management Group. Galley has over 10 years experience providing qualitative and quantitative analysis of money managers and investment vehicles. |
| Min Initial Investment: | $5,000 | | Min Initial Investment, IRA: | $1,000 | | Min Initial Investment, AIP: | $0 | | Min Subsequent Investment: | $0 | | Min Subsequent Investment, IRA: | $0 | | Min Subsequent Investment, AIP: | $0 |
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| The investment seeks long-term capital appreciation and income, consistent with prudent investment risk over the long-term. The fund may typically invest more than 50% of assets in Underlying Funds. It may invest 40%-80% in equity securities, without regard to market capitalization, style and sector and invest 20%-60% in fixed income securities, which may include investments in debt securities rated below investment grade. The fund may obtain exposure to below investment grade securities, debt obligations of foreign governments, supranational debt, foreign currency transactions and commodities. |
| Last Dividend
(28-Dec-07):
| 0.23 | | Last Cap Gain
(28-Dec-07):
| 0.12 | | Annual Holdings Turnover
| 75.00% | | Average for Category:
| 71.15% |
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| Expense | RNCOX | Category
Avg | | Total Expense Ratio: | 1.19%
| 1.09% | | Max 12b1 Fee: | 0.00%
| N/A | | Max Front End Sales Load: | 0.00%
| 5.26% | | Max Deferred Sales Load: | 0.00%
| 2.76% | | 3 Yr Expense Projection*: |
$745 | $626 | | 5 Yr Expense Projection*: |
$1,316 | $953 | | 10 Yr Expense Projection*: |
$2,869 | $1,864 |
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