RiverNorth Managed Volatility Fund

Class Retirement (RNBWX)

U.S. News evaluated 110 Long/Short Equity Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 7.38 percent over the past year.

Trailing Returns Updated 03.31.2014
Year to date 1.5%
1 Year 7.4%
3 Years (Annualized) N/A
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

The investment seeks total return with lower volatility than the Standard and Poor's 500 Index. Under normal market conditions, the fund invests in a portfolio of common stocks, preferred stocks and options (primarily covered calls, cash covered put options and long puts) on those common and preferred stocks. The option writing aspect of this strategy is also commonly referred to as a "covered call" or a "cash-covered put-write" strategy. It may also invest in, and trade options on, exchange traded funds (ETFs) that represent broad-based domestic indices. The fund is non-diversified.

Fees

Fees are Above Average compared to funds in the same category.
RiverNorth Managed Volatility Fund has an expense ratio of 1.80 percent.

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Risk

Risk is N/A compared to funds in the same category according to Morningstar.

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