Closed-End Fund Articles
May 3, 2016
Click here to access 6 Undervalued Funds Yielding as Much as 11%
The managers of the RiverNorth Doubleline Strategic Income (ticker: RNDLX ) have created an interesting recipe for cooking up returns: one part closed-end funds and two parts Jeffrey Gundlach, the Barron’s Roundtable member and DoubleLine Capital star. Those proportions, which change according to the managers’ view of the market, are currently producing a 6.04% yield and category-trumping gains. The fund has racked up annual average returns of 5.96% for the past five years, outpacing 94% of the multisector bond funds Morningstar tracks.