RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Frequently Asked Questions About OPP

What does OPP invest in?

The RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. functions as a closed-end mutual fund primarily dedicated to investments in fixed income markets. RiverNorth Capital Management, LLC originally launched and provides primary oversight for the fund, with DoubleLine Capital LP acting as a co-manager. Established in the United States on December 30, 2010, the fund's objective is to benchmark its portfolio's performance against the Barclays Capital U.S. Aggregate Bond Index.

What is the expense ratio of OPP?

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (OPP) charges an expense ratio of 2.83%. This is the annual fee deducted from fund assets to cover management and operations.

What is OPP's dividend yield?

OPP's trailing-twelve-month yield is 14.61%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of OPP?

Effective duration measures OPP's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. OPP's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of OPP?

OPP's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of OPP?

Yield to maturity (YTM) is the total return you'd earn from OPP if every bond in the portfolio is held to maturity at the current price. OPP's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.