RNDLX Fees and Costs — RiverNorth/Doubleline Strategic Income Fund, Class R
Data updated: 2026-08-27
The net expense ratio is 1.44% (1.46% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $134K in broker commissions, 0.0110% of average net assets, and portfolio turnover was 50%.
RNDLX Fees and Expenses
Annual operating expenses and sales charges of RNDLX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.19% |
| Gross expense ratio | 1.46% |
| Fee waiver | −0.02% |
| Net expense ratio | 1.44% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
RNDLX Costs Over Time
On $10,000 invested in RNDLX, assuming 5% a year before costs, total costs come to $899 over 5 years, cutting the return by 1.52% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.44%) | $151 | $470 | $810 |
| Trading costs (broker commissions) | $1 | $4 | $6 |
| Lost growth on money paid in costs | $0 | $23 | $83 |
| Total costs | $152 | $497 | $899 |
| Value after costs | $10,348 | $11,080 | $11,863 |
| Impact on return, per year | 1.52% | 1.52% | 1.52% |
RNDLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0110%
- Total broker commissions: $134K
- Bought from dealers (principal trades, not a cost): $856.0M
- Portfolio turnover (prospectus): 50%
- Securities lending: none during the year
RNDLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JONESTRADING | $45K | 34.27% |
| FALCONBRIDGE CAPITAL MARKETS, LLC | $34K | 25.87% |
| FIDELITY BROKERAGE SERVICES LLC | $18K | 14.08% |
| OPPENHEIMER & CO. INC. | $13K | 9.66% |
| UBS SECURITIES LLC | $5K | 3.96% |
| BOFA SECURITIES, INC. | $4K | 3.06% |
| VIRTU AMERICAS LLC | $4K | 2.98% |
| CLEAR STREET LLC | $3K | 2.34% |
| CITADEL SECURITIES LLC | $3K | 2.23% |
| MISCHLER FINANCIAL GROUP, INC. | $2K | 1.55% |
RNDLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL INC. | $113.8M | 20.37% |
| JPMORGAN DISTRIBUTION SERVICES, INC. | $71.0M | 12.70% |
| CITADEL SECURITIES LLC | $54.6M | 9.76% |
| GOLDMAN SACHS & CO. LLC | $53.6M | 9.59% |
| MORGAN STANLEY | $53.0M | 9.49% |
| CITICORP SECURITIES SERVICES, INC. | $50.7M | 9.07% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $49.8M | 8.91% |
| WELLS FARGO SECURITIES, LLC | $45.0M | 8.04% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $36.7M | 6.56% |
| BMO HARRIS FINANCIAL ADVISORS, INC. | $30.8M | 5.51% |
RiverNorth/Doubleline Strategic Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RNSIX | Class I | 1.20% | — |
| RNDLX | Class R | 1.44% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.