|RiverNorth/DoubleLine Strategic Income Fund, Class I||1.81%||10.06%||11.42%|
|RiverNorth/DoubleLine Strategic Income Fund, Class R||1.74%||9.78%||11.19%|
Performance data quoted represents past performance, which is not a guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. You can obtain performance data current to the most recent month end by calling (888) 848-7569. Total return measures net investment income and capital gain or loss from portfolio investments. All performance shown assumes reinvestment of dividends and capital gains distributions.
The Total Annual Operating Expense for the Fund as disclosed in the prospectus dated February 1, 2013: 1.23% (RNSIX), 1.48% (RNDLX). The adviser has contractually agreed to defer the collection of fees and/or reimburse expenses, but only to the extent necessary to limit Total Annual Fund Operating Expenses (excluding brokerage fees and commissions; borrowing costs, such as (a) interest and (b) dividends on securities sold short; taxes; indirect expenses incurred by the underlying funds in which the Fund invests; and extraordinary expenses) to 0.95% (RNSIX) and 1.20% (RNDLX) of the average daily net assets of the Fund through January 31, 2014.
You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund's prospectus contains this and other information about the Fund, and should be read carefully before investing. You may obtain a copy of the Fund's prospectus here or by calling 1-888-848-7569.
Fund Risks - Asset-Backed Security Risk: The risk that the value of the underlying assets will impair the value of the security. Borrowing Risk: Borrowings increase fund expenses and are subject to repayment, possibly at inopportune times. Convertible Security Risk: The market value of convertible securities adjusts with interest rates and the value of the underlying stock. Defaulted Securities Risk: Defaulted securities carry the risk of uncertainty of repayment. Derivatives Risk: Derivatives are subject to counterparty risk. Exchange Traded Note Risk: Exchange traded notes represent unsecured debt of the issuer and may be influenced by interest rates, credit ratings of the issuer or changes in value of the reference index. Fixed Income Risk: The market value of fixed income securities adjusts with interest rates and the securities are subject to issuer default. Foreign/Emerging Market Risk: Foreign securities may be subject to inefficient or volatile markets, different regulatory regimes or different tax policies. These risks may be enhanced in emerging markets. Liquidity Risk: Illiquid investments may be difficult or impossible to sell. Management Risk: There is no guarantee that the adviser's or sub-adviser's investment decisions will produce the desired results. Market Risk: Economic conditions, interest rates and political events may affect the securities markets. Mortgage-Backed Security Risk: Mortgage backed securities are subject to credit risk, pre-payment risk and devaluation of the underlying collateral. Portfolio Turnover Risk: Increased portfolio turnover results in higher brokerage expenses and may impact the tax status of distributions. Rating Agency Risk: Rating agencies may change their ratings or ratings may not accurately reflect a debt issuer's creditworthiness. REIT Risk: The value of REITs changes with the value of the underlying properties and changes in interest rates and are subject to additional fees. Structured Notes Risk: Because of the imbedded derivative feature, structured notes are subject to more risk than investing in a simple note or bond. Swap Risk: Swap agreements are subject to counterparty default risk and may not perform as intended. Underlying Fund Risk: Underlying funds have additional fees, may utilize leverage, may not correlate to an intended index and may trade at a discount to their net asset values.