ThZeal - The Zeal

Shares/Description

PREFERRED STOCKS - 0.79%

XAI Octagon Floating Rate Alternative Income Trust, Series 2026, 6.500%, 03/31/2026

TOTAL PREFERRED STOCKS

(Cost $378,879)

N-CSRS 1 fp0088056-1_ncsrs.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: 811-21934

RiverNorth Funds

(Exact name of registrant as specified in charter)

360 S. Rosemary Avenue, Suite 1420

West Palm Beach, FL 33401

(Address of principal executive offices) (Zip code)

Marcus L. Collins

360 S. Rosemary Avenue, Suite 1420

West Palm Beach, FL 33401

(Name and address of agent for service)

Registrant's telephone number, including area code: 561-484-7185

Date of fiscal year end: 09/30

Date of reporting period: 03/31/2024

Item 1.

Reports to Stockholders.

(a)

RiverNorth Funds

Table of Contents

Opportunistic Closed-End Fund Strategies
Portfolio Update
RiverNorth Core Opportunity Fund	2
RiverNorth/DoubleLine Strategic Income Fund	5
RiverNorth/Oaktree High Income Fund	8
RiverNorth Funds Schedule of Investments and Financial Statements
Disclosure of Fund Expenses	11
Schedule of Investments
RiverNorth Core Opportunity Fund	13
RiverNorth/DoubleLine Strategic Income Fund	16
RiverNorth/Oaktree High Income Fund	67
Statement of Assets and Liabilities
RiverNorth Core Opportunity Fund	83
RiverNorth/DoubleLine Strategic Income Fund	84
RiverNorth/Oaktree High Income Fund	86
Statement of Operations
RiverNorth Core Opportunity Fund	87
RiverNorth/DoubleLine Strategic Income Fund	88
RiverNorth/Oaktree High Income Fund	89
Statements of Changes in Net Assets
RiverNorth Core Opportunity Fund	90
RiverNorth/DoubleLine Strategic Income Fund	92
RiverNorth/Oaktree High Income Fund	94
Financial Highlights
RiverNorth Core Opportunity Fund	96
RiverNorth/DoubleLine Strategic Income Fund	104
RiverNorth/Oaktree High Income Fund	112
Notes to Financial Statements	119
Additional Information	140
Board Considerations Regarding Approval of Investment Advisory and Sub-Advisory Agreements	141

RiverNorth Funds

Portfolio Update

March 31, 2024 (Unaudited)

RiverNorth Core Opportunity Fund

The classifications and breakouts of the Fund’s portfolio shown below are made by the Adviser as of March 31, 2024.

Investment Vehicle Allocation⁽¹⁾ (percentages are based on net assets)

Asset Class Allocation⁽¹⁾ (percentages are based on net assets)

2	(888) 848-7569 \| www.rivernorth.com

RiverNorth Funds

Portfolio Update

March 31, 2024 (Unaudited)

Fixed Income Allocation⁽¹⁾⁽²⁾ (percentages are based on net assets)

Portfolio detail statistics are estimates made by the adviser and are subject to change.

⁽¹⁾

Closed-End Fund Risk – closed-end funds are exchange traded, may trade at a discount to their net asset values and may deploy leverage. Convertible Security Risk – the market value of convertible securities adjusts with interest rates and the value of the underlying stock. Equity Risk – equity securities may experience volatility and the value of equity securities may move in opposite directions from each other and from other equity markets generally. 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. High yield securities may provide greater income and opportunity for gain, but entail greater risk of loss of principal. 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. Management Risk – there is no guarantee that the adviser’s investment decisions will produce the desired results. Large Shareholder Purchase and Redemption Risk – The Fund may experience adverse effects when certain large shareholders purchase or redeem large amounts of shares of the Fund. LIBOR Transition Risk – The discontinuation of the London Interbank Offered Rate ("LIBOR") may lead to increased volatility and illiquidity in markets that are tied to LIBOR, reduced values of LIBOR-related investments, and reduced effectiveness of hedging strategies, adversely affecting the Fund's performance or net asset value. The U.S. Federal Reserve publishes Secured Overnight Financing Rate (“SOFR”) data that has replaced U.S. dollar LIBOR in certain financial contracts. SOFR, which has been used increasingly on a voluntary basis in new instruments and transactions, is a broad measure of the cost of borrowing cash overnight collateralized by U.S. Treasury securities in the repurchase agreement market. The future performance of SOFR, and SOFR-based reference rates, cannot be predicted based on SOFR’s history or otherwise. Levels of SOFR in the future, including following the discontinuation of LIBOR, may bear little or no relation to historical levels of SOFR, LIBOR or other rates. Market Risk – economic conditions, interest rates and political events may affect the securities markets. Geopolitical and other risks, including war, terrorism, trade disputes, political or economic dysfunction within some nations, public health crises and related geopolitical events, as well as environmental disasters such as earthquakes, fires, and floods, may add to instability in world economies and markets generally. Real Estate Investment Trust ("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. Security Risk – The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund’s portfolio. Short Sale Risk – short positions are speculative, are subject to transaction costs and are riskier than long positions in securities. Special Purpose Acquisition Companies ("SPAC") Risk – The value of SPAC securities is particularly dependent on the ability of the entity’s management to identify and complete a profitable acquisition. Certain SPACs may seek acquisitions only in limited industries or regions, which may increase the volatility of their prices. Investments in SPACs may be illiquid and/or be subject to restrictions on resale. To the extent the SPAC is invested in cash or similar securities, this may impact the Fund’s ability to meet its investment objective. Small-Cap Risk – small cap companies are more susceptible to failure, are often thinly traded and have more volatile stock prices. 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.

Semi-Annual Report | March 31, 2024

RiverNorth Funds

Portfolio Update

March 31, 2024 (Unaudited)

⁽²⁾

Credit quality allocation reflects a fixed-income portfolio weighted average of the credit breakdown of each closed-end fund as provided by the adviser of said closed-end fund. If a credit breakdown is not provided by the adviser, Bloomberg is used. Investment grade refers to a bond rated BBB- or higher by Standard & Poor’s or Baa3 or higher by Moody’s. High yield refers to a bond rate lower than investment grade. For more information about securities ratings, please see the Fund’s Statement of Additional information at www.rivernorth.com.

4	(888) 848-7569 \| www.rivernorth.com

RiverNorth Funds

Portfolio Update

March 31, 2024 (Unaudited)

RiverNorth/DoubleLine Strategic Income Fund

The classifications and breakouts of the Fund’s portfolio shown below are made by the Adviser as of March 31, 2024.

Strategy (“Sleeve”) Allocation

Credit Quality Distribution⁽¹⁾⁽²⁾ (percentages are based on net assets)

Semi-Annual Report | March 31, 2024

RiverNorth Funds

Portfolio Update

March 31, 2024 (Unaudited)

Sector Breakdown⁽¹⁾ (percentages are based on net assets)

The allocation does not add up to 100% as it reflects the estimated leverage utilized by the underlying funds.

Portfolio detail statistics are estimates made by the adviser and are subject to change.

⁽¹⁾

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. Closed-End Fund Risk – closed-end funds are exchange traded, may trade at a discount to their net asset values and may deploy leverage. 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. Large Shareholder Purchase and Redemption Risk – The Fund may experience adverse effects when certain large shareholders purchase or redeem large amounts of shares of the Fund. LIBOR Transition Risk – The discontinuation of the London Interbank Offered Rate ("LIBOR") may lead to increased volatility and illiquidity in markets that are tied to LIBOR, reduced values of LIBOR-related investments, and reduced effectiveness of hedging strategies, adversely affecting the Fund's performance or net asset value. The U.S. Federal Reserve publishes Secured Overnight Financing Rate (“SOFR”) data that has replaced U.S. dollar LIBOR in certain financial contracts. SOFR, which has been used increasingly on a voluntary basis in new instruments and transactions, is a broad measure of the cost of borrowing cash overnight collateralized by U.S. Treasury securities in the repurchase agreement market. The future performance of SOFR, and SOFR-based reference rates, cannot be predicted based on SOFR’s history or otherwise. Levels of SOFR in the future, including following the discontinuation of LIBOR, may bear little or no relation to historical levels of SOFR, LIBOR or other rates. 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. Geopolitical and other risks, including war, terrorism, trade disputes, political or economic dysfunction within some nations, public health crises and related geopolitical events, as well as environmental disasters such as earthquakes, fires, and floods, may add to instability in world economies and markets generally. 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. Preferred Stock Risk – preferred stocks generally pay dividends, but may be less liquid than common stocks, have less priority than debt instruments and may be subject to redemption by the issuer. 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. Security Risk – The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund’s portfolio. Special Purpose Acquisition Companies ("SPAC") Risk – The value of SPAC securities is particularly dependent on the ability of the entity’s management to identify and complete a profitable acquisition. Certain SPACs may seek acquisitions only in limited industries or regions, which may increase the volatility of their prices. Investments in SPACs may be illiquid and/or be subject to restrictions on resale. To the extent the SPAC is invested in cash or similar securities, this may impact the Fund’s ability to meet its investment objective. 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. Unrated Security Risk – Unrated securities determined by the sub-adviser to be of comparable quality to rated securities which the Fund may purchase may pay a higher interest rate than such rated securities and be subject to a greater risk of illiquidity or price changes. U.S. Government Securities Risk – There is a risk that the U.S. government will not provide financial support to its agencies, instrumentalities or sponsored enterprises if it is not obligated to do so by law.

6	(888) 848-7569 \| www.rivernorth.com

RiverNorth Funds

Portfolio Update

March 31, 2024 (Unaudited)

⁽²⁾

For the sleeve managed by RiverNorth Capital Management, LLC, credit quality allocation reflects a fixed-income portfolio weighted average of the credit breakdown of each closed-end fund as provided by the advisor of said closed-end fund. If a credit breakdown is not provided by the advisor, Bloomberg is used. For the sleeves managed by DoubleLine Capital LP, credit quality allocation is determined from the highest available credit rating from any Nationally Recognized Statistical Rating Organization (Standard & Poor's, Moody’s and Fitch). Investment grade refers to a bond rated BBB- or higher by Standard & Poor’s or Baa3 or higher by Moody’s. High yield refers to a bond rated lower than investment grade. For more information about securities ratings, please see the Fund’s Statement of Additional Information at www.rivernorth.com.

Semi-Annual Report | March 31, 2024

RiverNorth Funds

Portfolio Update

March 31, 2024 (Unaudited)

RiverNorth/Oaktree High Income Fund

The classifications and breakouts of the Fund’s portfolio shown below are made by the Adviser as of March 31, 2024.

Strategy Allocation

Credit Quality Distribution⁽¹⁾⁽²⁾ (percentages are based on net assets)

Sector Breakdown⁽¹⁾ (percentages are based on net assets)

8	(888) 848-7569 \| www.rivernorth.com

RiverNorth Funds

Portfolio Update

March 31, 2024 (Unaudited)

⁽¹⁾

Borrowing Risk – borrowings increase fund expenses and are subject to repayment, possibly at inopportune times. Closed- End Fund Risk – closed-end funds are exchange traded, may trade at a discount to their net asset values and may deploy leverage. Convertible Security Risk – the market value of convertible securities adjusts with interest rates and the value of the underlying stock. Credit Derivatives Risk – the use of credit derivatives is highly specialized, involves default, counterparty and liquidity risks and may not perfectly correlate to the underlying asset or liability being hedged. Currency Risk – foreign currencies will rise or decline relative to the U.S. dollar. Distressed and Defaulted Securities Risk – defaulted securities carry the risk of uncertainty of repayment. Equity Risk – equity securities may experience volatility and the value of equity securities may move in opposite directions from each other and from other equity markets generally. Fixed Income Risk – the market value of fixed income securities adjusts with interest rates and the securities are subject to issuer default. High yield securities may provide greater income and opportunity for gain, but entail greater risk of loss of principal. 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. Floating Interest Rate Risk – loans pay interest based on the London Interbank Offered Rate ("LIBOR") and a decline in LIBOR could negatively impact the Fund’s return. Investment Style Risk – investment strategies may come in and out of favor with investors and may underperform or outperform at times. Large Shareholder Purchase and Redemption Risk – The Fund may experience adverse effects when certain large shareholders purchase or redeem large amounts of shares of the Fund. LIBOR Transition Risk – The discontinuation of LIBOR may lead to increased volatility and illiquidity in markets that are tied to LIBOR, reduced values of LIBOR-related investments, and reduced effectiveness of hedging strategies, adversely affecting the Fund's performance or net asset value. The U.S. Federal Reserve publishes Secured Overnight Financing Rate (“SOFR”) data that has replaced U.S. dollar LIBOR in certain financial contracts. SOFR, which has been used increasingly on a voluntary basis in new instruments and transactions, is a broad measure of the cost of borrowing cash overnight collateralized by U.S. Treasury securities in the repurchase agreement market. The future performance of SOFR, and SOFR-based reference rates, cannot be predicted based on SOFR’s history or otherwise. Levels of SOFR in the future, including following the discontinuation of LIBOR, may bear little or no relation to historical levels of SOFR, LIBOR or other rates. Loans Risk – loans may be unrated or rated below investment grade and the pledged collateral may lose value. Secondary trading in loans is not fully-developed and may result in illiquidity. 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. Geopolitical and other risks, including war, terrorism, trade disputes, political or economic dysfunction within some nations, public health crises and related geopolitical events, as well as environmental disasters such as earthquakes, fires, and floods, may add to instability in world economies and markets generally. Preferred Stock Risk – preferred stocks generally pay dividends, but may be less liquid than common stocks, have less priority than debt instruments and may be subject to redemption by the issuer. Security Risk – the value of the Fund may increase or decrease in response to the prospects of the issuers of securities and loans held in the Fund. Special Purpose Acquisition Companies ("SPAC") Risk – The value of SPAC securities is particularly dependent on the ability of the entity’s management to identify and complete a profitable acquisition. Certain SPACs may seek acquisitions only in limited industries or regions, which may increase the volatility of their prices. Investments in SPACs may be illiquid and/or be subject to restrictions on resale. To the extent the SPAC is invested in cash or similar securities, this may impact the Fund’s ability to meet its investment objective. 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. Valuation Risk – Loans and fixed-income securities are traded “over the counter” and because there is no centralized information regarding trading, the valuation of loans and fixed-income securities may vary.

Semi-Annual Report | March 31, 2024

RiverNorth Funds

Portfolio Update

March 31, 2024 (Unaudited)

⁽²⁾

For the sleeve managed by RiverNorth Capital Management, LLC, credit quality allocation reflects a fixed-income portfolio weighted average of the credit breakdown of each closed-end fund as provided by the advisor of said closed-end fund. If a credit breakdown is not provided by the advisor, Bloomberg is used. For the sleeves managed by Oaktree Capital Management, L.P., the sub-adviser uses a proprietary credit scoring matrix to rank potential investments. This process offers a systematic way of reviewing the key quantitative and qualitative variables impacting credit quality for each investment. Investment grade refers to a bond rated BBB- or higher by Standard & Poor’s or Baa3 or higher by Moody’s. High yield refers to a bond rated lower than investment grade. For more information about securities ratings, please see the Fund’s Statement of Additional Information at www.rivernorth.com.

10	(888) 848-7569 \| www.rivernorth.com

RiverNorth Funds

Disclosure of Fund Expenses

March 31, 2024 (Unaudited)

Expense Example

As a shareholder of the RiverNorth Funds (the "Trust" or "Funds"), you incur two types of costs: (1) transaction costs; and (2) ongoing costs, including management fees, distribution and service (12b-1) fees and other Fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other mutual funds. The Example is based on an investment of $1,000 invested at the beginning of the period, October 1, 2023, and held for the six months ended March 31, 2024.

Actual Expenses

The first line of the table below provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your variable account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The second line of the table below provides information about hypothetical account values and hypothetical expenses based on each Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not each Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in each Fund and other funds. To do so, compare these 5% hypothetical examples with the 5% hypothetical examples that appear in the shareholder reports of other funds.

Please note that the expenses shown in the table below are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as redemption fees. Therefore, the second line for each share class of each Fund within the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. If these transactional costs were included, your costs would have been higher.

Semi-Annual Report | March 31, 2024

RiverNorth Funds

Disclosure of Fund Expenses

March 31, 2024 (Unaudited)

	Beginning Account Value 10/01/2023	Ending Account Value 03/31/2024	Expense Ratio^(a)	Expenses Paid During Period^(b)
RiverNorth Core Opportunity Fund
Class I Shares
Actual	$1,000.00	$1,169.40	1.62%	$8.79
Hypothetical (5% return before expenses)	$1,000.00	$1,016.90	1.62%	$8.17

Class R Shares
Actual	$1,000.00	$1,167.70	1.87%	$10.13
Hypothetical (5% return before expenses)	$1,000.00	$1,015.65	1.87%	$9.42

RiverNorth/DoubleLine Strategic Income Fund
Class I Shares
Actual	$1,000.00	$1,097.10	0.93%	$4.88
Hypothetical (5% return before expenses)	$1,000.00	$1,020.35	0.93%	$4.70

Class R Shares
Actual	$1,000.00	$1,095.50	1.18%	$6.18
Hypothetical (5% return before expenses)	$1,000.00	$1,019.10	1.18%	$5.96

RiverNorth/Oaktree High Income Fund Class I Shares
Actual	$1,000.00	$1,076.50	1.35%	$7.01
Hypothetical (5% return before expenses)	$1,000.00	$1,018.25	1.35%	$6.81

Class R Shares
Actual	$1,000.00	$1,076.40	1.60%	$8.31
Hypothetical (5% return before expenses)	$1,000.00	$1,017.00	1.60%	$8.07

^(a)

Annualized, based on the Fund's most recent fiscal half-year expenses.

^(b)

Expenses are equal to the Fund's annualized expense ratio multiplied by the average account value over the period, multiplied by the number of days in the most recent fiscal half year (183), then divided by 366. Note this expense example is typically based on a six-month period.

12	(888) 848-7569 \| www.rivernorth.com

RiverNorth Core Opportunity Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Shares/Description			Value
CLOSED-END FUNDS - 82.36%
	179,087	AllianzGI Convertible & Income 2024 Target Term Fund	$	1,576,861
	259,795	BlackRock Capital Allocation Term Trust		4,328,185
	282,861	BlackRock ESG Capital Allocation Term Trust		4,910,467
	29,722	BlackRock Health Sciences Term Trust		487,144
	38,289	BlackRock MuniHoldings New York Quality Fund, Inc.		405,480
	46,272	BlackRock MuniYield New York Quality Fund, Inc.		486,781
	66,656	BlackRock Science and Technology Term Trust		1,293,126
	73,949	Blackstone/GSO Senior Floating Rate Term Fund		1,059,689
	6,934	BrandywineGLOBAL - Global Income Opportunities Fund, Inc.		58,800
	64,751	Calamos Long/Short Equity & Dynamic Income Trust		999,108
	186,260	Clough Global Equity Fund		1,212,553
	142,496	Clough Global Opportunities Fund		723,880
	127,622	First Trust High Yield Opportunities 2027 Term Fund		1,855,624
	242,804	First Trust New Opportunities MLP & Energy Fund		1,859,879
	50,520	Flaherty & Crumrine Preferred and Income Opportunity Fund, Inc.		426,389
	40,806	Nuveen AMT-Free Municipal Credit Income Fund		495,793
	86,410	Nuveen AMT-Free Quality Municipal Income Fund		956,559
	184,424	Nuveen Municipal Value Fund, Inc.		1,606,333
	25,938	Nuveen Preferred & Income Term Fund		499,047
	109,303	Nuveen Variable Rate Preferred & Income Fund		1,957,617
	97,571	Pershing Square Holdings Ltd.		5,034,664
	62,956	PIMCO Access Income Fund		990,298
	24,133	PIMCO Dynamic Income Fund		465,525
	400,000	Saba Capital Income & Opportunities Fund II		1,528,000
	85,475	Special Opportunities Fund, Inc.		1,080,404
	108,862	Western Asset High Income Fund II, Inc.		486,613
	127,767	Western Asset High Income Opportunity Fund, Inc.		498,291
	191,185	Western Asset Inflation-Linked Opportunities & Income Fund		1,649,926

TOTAL CLOSED-END FUNDS
(Cost $35,233,464)				38,933,036

EXCHANGE TRADED FUNDS - 7.32%
	40,562	Blackrock Flexible Income ETF		2,127,883
	68,427	Invesco FTSE RAFI Emerging Markets ETF		1,331,589

TOTAL EXCHANGE TRADED FUNDS
(Cost $3,313,333)				3,459,472

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth Core Opportunity Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description		Rate			Maturity		Value
U.S. CORPORATE BONDS - 3.29%
Investment Companies - 2.83%
150,000	Blackstone Private Credit Fund		3.25	%		03/15/2027		138,490
495,561	Blue Owl Capital Corp.		3.40	%		07/15/2026		467,055
249,936	Blue Owl Credit Income Corp.		4.70	%		02/08/2027		237,244
500,000	Blue Owl Technology Finance Corp.^(a)		6.75	%		06/30/2025		496,440
								1,339,229
Private Equity - 0.46%
237,712	Hercules Capital, Inc.		2.63	%		09/16/2026		216,113

TOTAL U.S. CORPORATE BONDS
(Cost $1,508,619)								1,555,342

U.S. GOVERNMENT BONDS AND NOTES - 2.10%
1,000,000	U.S. Treasury Notes		4.25	%		12/31/2024		993,132

TOTAL U.S. GOVERNMENT BONDS AND NOTES
(Cost $998,428)								993,132

Shares/Description			Value
Warrants - 0.01%
	12,899	AGBA Group Holding, Ltd., Strike Price 11.50, Expires 05/10/2024^(b)		201
	8,168	Churchill Capital Corp. VII, Strike Price 11.50, Expires 02/29/2028^(b)		2,614
	10,113	Jaws Mustang Acquisition Corp., Strike Price 11.50, Expires 01/30/2026^(b)		2,174

TOTAL WARRANTS
(Cost $25,782)				4,989

See Notes to Financial Statements.

14	(888) 848-7569 \| www.rivernorth.com

RiverNorth Core Opportunity Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Shares/Description	Value
Short-Term Investments - 3.89%
Money Market Fund - 3.89%
1,838,041 State Street Institutional Trust (7 Day Yield 5.25%)	$	1,838,041

TOTAL SHORT-TERM INVESTMENTS
(Cost $1,838,041)		1,838,041

TOTAL INVESTMENTS - 99.76%
(Cost $43,296,546)	$	47,160,788
OTHER ASSETS IN EXCESS OF LIABILITIES - 0.24%		111,935
NET ASSETS - 100.00%	$	47,272,723

^(a)

Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities have been deemed liquid under procedures approved by the Fund's Board of Trustees and may normally be sold to qualified institutional buyers in transactions exempt from registration. Total fair value of Rule 144A securities amounts to $496,440, which represents approximately 1.05% of net assets as of March 31, 2024.

^(b)

Non-income producing security.

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Shares/Description			Value
CLOSED-END FUNDS - 20.15%
	768,007	Allspring Income Opportunities	$	5,099,566
	383,908	Barings Global Short Duration High Yield Fund		5,489,884
	161,620	BlackRock MuniHoldings New York Quality Fund, Inc.		1,711,556
	195,559	BlackRock MuniYield New York Quality Fund, Inc.		2,057,281
	293,653	Blackstone Long-Short Credit Income Fund		3,614,868
	914,876	Blackstone Strategic Credit 2027 Term Fund		10,887,024
	159,006	Blackstone/GSO Senior Floating Rate Term Fund		2,278,556
	581,087	BNY Mellon Strategic Municipals, Inc.		3,544,631
	479,710	BrandywineGLOBAL - Global Income Opportunities Fund, Inc.		4,067,941
	695,542	First Trust High Yield Opportunities 2027 Term Fund		10,113,181
	166,170	Invesco Dynamic Credit Opportunity Fund		1,842,824
	200,000	John Hancock Investors Trust		2,638,000
	130,831	Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.		621,447
	1,173,103	Nuveen AMT-Free Municipal Credit Income Fund		14,253,201
	1,645,260	Nuveen AMT-Free Quality Municipal Income Fund		18,213,028
	725,930	Nuveen California Quality Municipal Income Fund		7,999,749
	311,508	Nuveen Core Plus Impact Fund		3,224,108
	189,030	Nuveen Floating Rate Income Fund		1,650,232
	121,735	Nuveen Municipal Credit Income Fund		1,490,036
	713,073	Nuveen Municipal Value Fund, Inc.		6,210,866
	4,188,520	Nuveen Preferred Income Opportunities Fund		30,115,460
	897,485	Nuveen Quality Municipal Income Fund		10,285,178
	130,162	Nuveen Variable Rate Preferred & Income Fund		2,331,201
	525,911	PGIM Global High Yield Fund, Inc.		6,289,896
	75,611	PGIM High Yield Bond Fund, Inc.		982,187
	637,678	PGIM Short Duration High Yield Opportunities Fund		9,807,488
	221,347	PIMCO Access Income Fund		3,481,788
	640,907	PIMCO Dynamic Income Fund		12,363,096
	3,132,640	PIMCO High Income Fund		15,475,242
	1,479,932	PIMCO Income Strategy Fund II		11,040,293
	189,789	Saba Capital Income & Opportunities Fund II		724,994
	1,611,246	Western Asset Emerging Markets Debt Fund, Inc.		15,484,074
	3,150,131	Western Asset High Income Opportunity Fund, Inc.		12,285,511
	1,691,916	Western Asset Inflation-Linked Opportunities & Income Fund		14,601,235

TOTAL CLOSED-END FUNDS
(Cost $258,052,667)				252,275,622

BUSINESS DEVELOPMENT COMPANIES - PREFERRED SHARES - 0.37%
	46,046	Oxford Square Capital Corp., 6.250%, 04/30/2026		1,118,918

See Notes to Financial Statements.

16	(888) 848-7569 \| www.rivernorth.com

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Shares/Description			Value
	3,750,000	PennantPark Floating Rate Capital, Ltd., 4.250%, 04/01/2026	$	3,539,381

TOTAL BUSINESS DEVELOPMENT COMPANIES - PREFERRED SHARES
(Cost $4,857,772)				4,658,299

COMMON STOCKS - 0.02%
	10,651	Intelsat SA/Luxembourg^(a)		282,252
	259,482	Pershing Square Tontine Holdings^(a)(b)(c)		0
	11,202	Riverbed Tech Class B-1 Partnership Units^(a)		1,456

TOTAL COMMON STOCKS
(Cost $361,352)				283,708

OPEN-END FUNDS - 2.80%
	3,989,805	RiverNorth/Oaktree High Income Fund, Class I^(d)		35,086,342

TOTAL OPEN-END FUNDS
(Cost $38,158,745)				35,086,342

PREFERRED STOCKS - 1.11%
	246,313	Crescent Capital BDC, Inc., 5.000%, 05/25/2026		5,899,196
	341,265	Virtus AllianzGI Diversified Income & Convertible Fund, 5.625%, 03/08/2024^(e)		7,944,649

TOTAL PREFERRED STOCKS
(Cost $14,555,923)				13,843,845

Principal Amount/Description			Rate	Maturity	Value
FOREIGN CORPORATE BONDS - 4.34%
Argentina - 0.04%
$	700,000	YPF SA	7.00%	12/15/2047		517,392

Australia - 0.36%
	1,000,000	APA Infrastructure, Ltd.^(f)	4.25%	07/15/2027		980,467
	395,000	Australia & New Zealand Banking Group, Ltd.^(f)(g)	5Y US TI + 1.70%	11/25/2035		324,162
	505,000	BHP Billiton Finance USA, Ltd.	5.25%	09/08/2030		513,813
	265,000	Commonwealth Bank of Australia^(f)	4.32%	01/10/2048		216,088
	700,000	Macquarie Group, Ltd.^(f)(g)	1D US SOFR + 1.53%	01/14/2033		583,023
	475,000	National Australia Bank, Ltd.^(f)	2.99%	05/21/2031		400,637
	340,000	NBN Co., Ltd.^(f)	1.45%	05/05/2026		314,837

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
$	500,000	Sydney Airport Finance Co. Pty, Ltd.^(f)	3.38%	04/30/2025	$	488,043
	500,000	Sydney Airport Finance Co. Pty, Ltd.^(f)	3.63%	04/28/2026		482,226
	310,000	Westpac Banking Corp.^(g)	5Y US TI + 1.53%	11/18/2036		254,940
						4,558,236
Brazil - 0.22%
	200,000	Banco do Brasil SA^(e)	6.25%	Perpetual Maturity		201,120
	200,000	Banco do Estado do Rio Grande do Sul SA^(g)(h)	5Y US TI + 4.928%	01/28/2031		193,428
	1,100,000	BRF SA	5.75%	09/21/2050		875,728
	200,000	CSN Resources SA^(h)	5.88%	04/08/2032		175,114
	856,790	Guara Norte Sarl	5.20%	06/15/2034		782,395
	200,000	Nexa Resources SA^(h)	5.38%	05/04/2027		195,408
	66,103	Oi SA^(f)(i)	12.50% (5.50%)	12/15/2024		65,773
	713	Oi SA^(f)(i)	12.50% (5.50%)	12/15/2024		709
	950,000	Oi SA^(j)	10.00% (4.00%)	07/27/2025		16,625
	700,000	Unigel Luxembourg SA^(h)(j)	8.75%	10/01/2026		218,191
						2,724,491
British Virgin Islands - 0.03%
	350,000	TSMC Global, Ltd.^(f)	1.25%	04/23/2026		324,158

Canada - 0.46%
	13,000	1375209 BC, Ltd.^(f)	9.00%	01/30/2028		12,754
	400,000	Aris Mining Corp.^(h)	6.88%	08/09/2026		360,932
	400,000	Aris Mining Corp.^(h)	6.88%	08/09/2026		360,932
	420,000	Bank of Montreal^(g)	3.80%	12/15/2032		392,020
	520,000	Bank of Nova Scotia^(g)	5Y US TI + 2.05%	05/04/2037		471,789
	170,000	Bausch + Lomb Corp.^(f)	8.38%	10/01/2028		176,105
	50,000	Bausch Health Cos., Inc.^(f)	6.13%	02/01/2027		31,202
	4,000	Bausch Health Cos., Inc.^(f)	14.00%	10/15/2030		2,321
	95,000	Bombardier, Inc.^(f)	8.75%	11/15/2030		101,558
	1,000,000	Canacol Energy, Ltd.^(h)	5.75%	11/24/2028		443,369
	210,000	CCL Industries, Inc.^(f)	3.05%	06/01/2030		182,314
	225,000	CI Financial Corp.	4.10%	06/15/2051		140,727
	255,000	Element Fleet Management Corp.^(f)	6.32%	12/04/2028		263,521
	150,000	Garda World Security Corp.^(f)	6.00%	06/01/2029		134,437
	55,000	GFL Environmental, Inc.^(f)	6.75%	01/15/2031		56,433
	600,000	Gran Tierra Energy, Inc.^(f)	9.50%	10/15/2029		561,146
	370,000	Husky Injection Molding Systems, Ltd. / Titan Co.- Borrower LLC^(f)	9.00%	02/15/2029		383,086
	300,000	IAMGOLD Corp.^(h)	5.75%	10/15/2028		275,620

See Notes to Financial Statements.

18	(888) 848-7569 \| www.rivernorth.com

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
$	245,000	Kronos Acquisition Holdings, Inc. / KIK Custom Products, Inc.^(f)	7.00%	12/31/2027	$	243,583
	140,000	Mattamy Group Corp.^(f)	4.63%	03/01/2030		127,396
	105,000	Parkland Corp.^(f)	4.50%	10/01/2029		97,211
	130,000	Royal Bank of Canada	5.15%	02/01/2034		130,185
	100,000	Superior Plus LP / Superior General Partner, Inc.^(f)	4.50%	03/15/2029		92,539
	750,000	TransCanada PipeLines, Ltd.	4.63%	03/01/2034		708,507
						5,749,687
Cayman Islands - 0.21%
	900,000	Alpha Holding Escrow Shares^(b)(c)(e)		Perpetual Maturity		0
	900,000	Alpha Holding Escrow Shares^(b)(c)(e)		Perpetual Maturity		0
	200,000	Banco Mercantil del Norte SA/Grand Cayman^(e)(f)(g)	10Y US TI + 5.03%	Perpetual Maturity		182,875
	200,000	Banco Mercantil del Norte SA/Grand Cayman^(e)(f)(g)	7.50%	12/31/9999		199,641
	500,000	Banco Mercantil del Norte SA/Grand Cayman^(e)(g)(h)	10Y US TI + 5.03%	Perpetual Maturity		457,188
	200,000	Banco Mercantil del Norte SA/Grand Cayman^(e)(g)(h)	7.63%	12/31/9999		200,341
	130,161	Bioceanico Sovereign Certificate, Ltd.^(h)(k)	0.00%	06/05/2034		95,689
	200,000	Cosan Overseas, Ltd.^(e)	8.25%	Perpetual Maturity		204,875
	172,473	Global Aircraft Leasing Co., Ltd.^(f)(i)	6.50% (7.25%)	09/15/2024		164,222
	162,610	Interoceanica IV Finance, Ltd.^(k)	0.00%	11/30/2025		153,463
	200,000	Itau Unibanco Holding SA Island^(e)(g)(h)	5Y US TI + 4.63%	Perpetual Maturity		188,327
	200,000	Itau Unibanco Holding SA Island^(e)(g)(h)	5Y US TI + 3.22%	12/31/9999		188,328
	131,027	Lima Metro Line 2 Finance, Ltd.^(f)	5.88%	07/05/2034		130,089
	87,351	Lima Metro Line 2 Finance, Ltd.^(h)	5.88%	07/05/2034		86,726
	346,667	Rutas 2 & 7 Finance, Ltd.^(h)(k)	0.00%	09/30/2036		236,719
	114,750	Transocean Poseidon, Ltd.^(f)	6.88%	02/01/2027		114,957
						2,603,440
Chile - 0.23%
	300,000	Agrosuper SA^(h)	4.60%	01/20/2032		259,375
	700,000	CAP SA^(h)	3.90%	04/27/2031		550,315
	198,056	Chile Electricity PEC SpA^(k)	0.00%	01/25/2028		155,771
	900,000	Empresa de Transporte de Pasajeros Metro SA^(f)	5.00%	01/25/2047		784,502
	420,680	GNL Quintero SA^(h)	4.63%	07/31/2029		411,836

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
$	750,000	Transelec SA^(h)	3.88%	01/12/2029	$	709,866
						2,871,665
China - 0.00%^(l)
	400,000	Ronshine China Holdings, Ltd.^(j)	7.35%	12/15/2023		6,080
	600,000	Ronshine China Holdings, Ltd.^(j)	6.75%	08/05/2024		11,100
						17,180
Colombia - 0.38%
	450,000	Banco Davivienda SA^(e)(f)(g)	10Y US TI + 5.10%	Perpetual Maturity		316,687
	750,000	Banco Davivienda SA^(e)(g)(h)	10Y US TI + 5.10%	12/31/9999		527,813
	650,000	Banco GNB Sudameris SA^(f)(g)	5Y US TI + 6.66%	04/16/2031		566,852
	100,000	Banco GNB Sudameris SA^(g)(h)	5Y US TI + 4.56%	04/03/2027		99,981
	200,000	Banco GNB Sudameris SA^(g)(h)	5Y US TI + 6.66%	04/16/2031		174,416
	200,000	Bancolombia SA^(g)	4.63%	12/18/2029		195,083
	850,000	Ecopetrol SA	5.88%	05/28/2045		635,296
	1,020,000	Ecopetrol SA	5.88%	11/02/2051		734,912
	200,000	Empresas Publicas de Medellin ESP^(h)	4.25%	07/18/2029		173,825
	950,000	Empresas Publicas de Medellin ESP^(h)	4.38%	02/15/2031		794,563
	515,580	Fideicomiso PA Pacifico Tres^(h)	8.25%	01/15/2035		490,163
						4,709,591
France - 0.05%
	340,000	BPCE SA^(f)	1.00%	01/20/2026		315,296
	265,000	Credit Agricole SA^(f)(g)	1D US SOFR + 1.69%	01/10/2030		264,326
						579,622
Great Britain - 0.17%
	655,000	HSBC Holdings PLC^(g)	3M SOFR + 1.64%	09/12/2026		662,016
	50,000	Macquarie Airfinance Holdings, Ltd.^(f)	6.40%	03/26/2029		50,828
	50,000	Macquarie Airfinance Holdings, Ltd.^(f)	6.50%	03/26/2031		50,930
	400,000	MARB BondCo PLC^(h)	3.95%	01/29/2031		330,114
	335,000	NatWest Markets PLC^(f)	0.80%	08/12/2024		329,127
	444,000	Tullow Oil PLC^(f)	10.25%	05/15/2026		422,643
	280,000	Weir Group PLC^(f)	2.20%	05/13/2026		259,988
						2,105,646
Guatemala - 0.02%
	150,000	Banco Industrial SA/Guatemala^(g)(h)	5Y US TI + 4.44%	01/29/2031		143,811
	200,000	CT Trust^(h)	5.13%	02/03/2032		177,453
						321,264
India - 0.26%
	400,000	Adani Electricity Mumbai, Ltd.^(h)	3.87%	07/22/2031		329,609

See Notes to Financial Statements.

20	(888) 848-7569 \| www.rivernorth.com

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
$	532,500	Adani International Container Terminal Pvt, Ltd.^(h)	3.00%	02/16/2031	$	454,337
	200,000	Adani Ports & Special Economic Zone, Ltd.^(h)	4.38%	07/03/2029		178,510
	500,000	Adani Ports & Special Economic Zone, Ltd.	3.10%	02/02/2031		398,628
	1,000,000	Adani Ports & Special Economic Zone, Ltd.^(h)	5.00%	08/02/2041		800,397
	200,000	Network i2i, Ltd.^(e)(g)(h)	5Y US TI + 4.274%	12/31/9999		198,827
	1,081,000	Vedanta Resources, Ltd.	13.88%	12/09/2028		947,049
						3,307,357
Indonesia - 0.06%
	200,000	Indonesia Asahan Aluminium PT / Mineral Industri Indonesia Persero PT^(h)	5.45%	05/15/2030		197,777
	595,000	Kawasan Industri Jababeka Tbk PT^(f)(m)	7.50%	12/15/2027		550,883
						748,660
Ireland - 0.10%
	190,000	AerCap Ireland Capital DAC / AerCap Global Aviation Trust	5.10%	01/19/2029		188,976
	340,000	AIB Group PLC^(f)(g)	1D US SOFR + 1.91%	03/28/2035		341,089
	370,000	Avolon Holdings Funding, Ltd.^(f)	5.75%	03/01/2029		368,466
	100,000	GGAM Finance, Ltd.^(f)	6.88%	04/15/2029		100,625
	280,000	Smurfit Kappa Treasury ULC^(f)	5.20%	01/15/2030		279,757
						1,278,913
Isle Of Man - 0.02%
	200,000	Gold Fields Orogen Holdings BVI, Ltd.^(h)	5.13%	05/15/2024		199,376
Israel - 0.07%
	900,000	Israel Electric Corp., Ltd.^(f)	5.00%	11/12/2024		895,925
Jamaica - 0.00%^(l)
	7,736	Digicel Group Holdings, Ltd.^(f)(k)	0.00%	12/31/2030		7,143
	38,775	Digicel Group Holdings, Ltd.^(f)(k)	0.00%	12/31/2030		5,991
	996	Digicel Group Holdings, Ltd.^(f)(k)	0.00%	12/31/2030		805
	97,752	Digicel Group Holdings, Ltd.^(f)(k)	0.00%	12/31/2030		1,122
						15,061
Japan - 0.04%
	510,000	Renesas Electronics Corp.^(f)	2.17%	11/25/2026		466,799
Luxembourg - 0.20%
	484,850	Acu Petroleo Luxembourg Sarl^(h)	7.50%	01/13/2032		472,264

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
$	760,601	MC Brazil Downstream Trading SARL^(h)	7.25%	06/30/2031	$	689,084
	180,000	Millicom International Cellular SA^(h)	6.63%	10/15/2026		179,335
	270,000	Millicom International Cellular SA^(h)	6.25%	03/25/2029		263,862
	200,000	Millicom International Cellular SA	4.50%	04/27/2031		171,607
	600,000	Simpar Europe SA^(h)	5.20%	01/26/2031		524,992
	180,934	Tierra Mojada Luxembourg II Sarl	5.75%	12/01/2040		166,380
						2,467,524
Mauritius - 0.04%
	800,000	UPL Corp., Ltd.^(e)(g)	5Y US TI + 3.87%	12/31/9999		547,416
Mexico - 0.25%
	659,912	Alpha Holding SA de CV^(f)(j)	9.00%	02/10/2025		9,899
	188,546	Alpha Holding SA de CV	9.00%	02/10/2025		2,828
	250,000	BBVA Bancomer SA^(g)(h)	5.13%	01/18/2033		232,497
	800,000	Braskem Idesa SAPI^(f)	6.99%	02/20/2032		621,528
	200,000	Buffalo Energy Mexico Holdings / Buffalo Energy Infrastructure / Buffalo Energy^(f)	7.88%	02/15/2039		216,663
	200,000	Cemex SAB de CV^(e)(g)(h)	5Y US TI + 4.53%	12/31/9999		193,417
	500,000	Credito Real SAB de CV SOFOM ER^(h)(j)	9.50%	02/07/2026		69,250
	400,000	KUO SAB De CV^(h)	5.75%	07/07/2027		377,394
	600,000	Mexarrend SAPI de CV^(f)	10.25%	07/24/2024		126,000
	200,000	Mexarrend SAPI de CV^(h)	10.25%	07/24/2024		42,000
	126,425	Mexico Generadora de Energia S de rl	5.50%	12/06/2032		124,559
	700,000	Operadora de Servicios Mega SA de CV Sofom ER^(f)	8.25%	02/11/2025		291,375
	750,000	Petroleos Mexicanos	6.38%	01/23/2045		484,094
	500,000	Petroleos Mexicanos	6.75%	09/21/2047		332,890
	1,000,000	Unifin Financiera SAB de CV^(e)(h)(j)	8.88%	Perpetual Maturity		5,100
						3,129,494
Morocco - 0.07%
	1,200,000	OCP SA^(h)	5.13%	06/23/2051		907,578
Netherlands - 0.31%
	300,000	Braskem Netherlands Finance BV	5Y US TI + 8.22%	01/23/2081		301,091
	800,000	Coruripe Netherlands BV^(h)	10.00%	02/10/2027		725,761
	200,000	ING Groep NV^(g)	1D US SOFR + 1.44%	03/19/2030		199,583
	200,000	Metinvest BV^(h)	7.75%	10/17/2029		140,430

See Notes to Financial Statements.

22	(888) 848-7569 \| www.rivernorth.com

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
$	1,400,000	Minejesa Capital BV	5.63%	08/10/2037	$	1,274,789
	967,632	MV24 Capital BV^(h)	6.75%	06/01/2034		911,225
	265,000	NXP BV / NXP Funding LLC / NXP USA, Inc.	3.88%	06/18/2026		257,324
	50,000	Suzano International Finance BV	4.00%	01/14/2025		49,269
						3,859,472
Panama - 0.12%
	400,000	Aeropuerto Internacional de Tocumen SA	5.13%	08/11/2061		293,479
	900,000	Empresa de Transmision Electrica SA^(h)	5.13%	05/02/2049		654,781
	616,298	UEP Penonome II SA^(f)	6.50%	10/01/2038		482,253
	176,085	UEP Penonome II SA	6.50%	10/01/2038		137,786
						1,568,299
Paraguay - 0.03%
	300,000	Frigorifico Concepcion SA^(f)	7.70%	07/21/2028		263,136
	200,000	Frigorifico Concepcion SA^(h)	7.70%	07/21/2028		175,424
						438,560
Peru - 0.25%
	90,000	Banco de Credito del Peru S.A.^(g)(h)	5Y US TI + 3.13%	07/01/2030		86,252
	100,000	Banco de Credito del Peru S.A.^(g)(h)	5Y US TI + 2.45%	09/30/2031		92,426
	200,000	Banco Internacional del Peru SAA Interbank	1Y US TI + 3.71%	07/08/2030		192,221
	300,000	Camposol SA^(f)	6.00%	02/03/2027		231,555
	400,000	Camposol SA^(h)	6.00%	02/03/2027		308,741
	400,000	Cia de Minas Buenaventura SAA^(h)	5.50%	07/23/2026		386,153
	200,000	Corp Financiera de Desarrollo SA^(g)(h)	5.61% - 3M US L	07/15/2029		199,834
	205,000	Inkia Energy, Ltd.^(h)	5.88%	11/09/2027		200,786
	50,000	InRetail Shopping Malls	5.75%	04/03/2028		48,821
	200,000	Minsur SA	4.50%	10/28/2031		175,419
	200,000	Orazul Energy Peru SA^(h)	5.63%	04/28/2027		189,568
	200,000	Petroleos del Peru SA^(h)	4.75%	06/19/2032		158,317
	1,350,000	Petroleos del Peru SA^(h)	5.63%	06/19/2047		908,091
						3,178,184
Singapore - 0.15%
	200,000	DBS Group Holdings, Ltd.^(g)	5Y US TI + 1.10%	03/10/2031		186,205
	1,083,880	LLPL Capital Pte, Ltd.^(h)	6.88%	02/04/2039		1,085,245
	200,000	Oversea-Chinese Banking Corp., Ltd.^(g)(h)	5Y US TI + 1.58%	09/10/2030		189,110
	210,000	Pfizer Investment Enterprises Pte, Ltd.	4.75%	05/19/2033		206,870

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
$	200,000	United Overseas Bank, Ltd.^(g)	5Y US TI + 1.75%	03/16/2031	$	185,718
						1,853,148
Spain - 0.15%
	250,000	AI Candelaria Spain SA^(f)	5.75%	06/15/2033		203,090
	1,200,000	AI Candelaria Spain SA^(h)	5.75%	06/15/2033		974,831
	800,000	EnfraGen Energia Sur SA / EnfraGen Spain SA / Prime Energia SpA	5.38%	12/30/2030		664,068
						1,841,989
Switzerland - 0.03%
	330,000	UBS Group AG^(f)(g)	1Y US TI + 1.52%	02/08/2030		330,594

Vietnam - 0.02%
	230,573	Mong Duong Finance Holdings BV^(h)	5.13%	05/07/2029		220,606

TOTAL FOREIGN CORPORATE BONDS
(Cost $62,552,945)						54,337,327

U.S. CORPORATE BONDS - 10.55%
Advertising - 0.00%^(l)
	50,000	Clear Channel Outdoor Holdings, Inc.^(f)	7.50%	06/01/2029		41,396

Aerospace/Defense - 0.06%
	70,000	AAR Escrow Issuer LLC^(f)	6.75%	03/15/2029		70,626
	295,000	Lockheed Martin Corp.	5.20%	02/15/2064		291,937
	265,000	Northrop Grumman Corp.	5.20%	06/01/2054		258,295
	75,000	Spirit AeroSystems, Inc.^(f)	9.75%	11/15/2030		83,986
						704,844
Agriculture - 0.04%
	355,000	BAT Capital Corp.	4.54%	08/15/2047		274,333
	265,000	Philip Morris International, Inc.	5.25%	02/13/2034		262,772
						537,105
Airlines - 0.04%
	70,000	American Airlines, Inc.^(f)	7.25%	02/15/2028		71,143
	120,000	American Airlines, Inc.^(f)	8.50%	05/15/2029		126,850
	130,000	American Airlines, Inc./AAdvantage Loyalty IP, Ltd.^(f)	5.75%	04/20/2029		127,887
	145,833	United Airlines 2016-1 Class B Pass Through Trust	3.65%	01/07/2026		139,635
						465,515

See Notes to Financial Statements.

24	(888) 848-7569 \| www.rivernorth.com

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
Apparel - 0.01%
$	125,000	Tapestry, Inc.	7.05%	11/27/2025	$	127,628

Auto Manufacturers - 0.12%
	120,000	Cummins, Inc.	5.45%	02/20/2054		122,774
	320,000	Ford Motor Co.	3.25%	02/12/2032		266,358
	300,000	General Motors Financial Co., Inc.	2.40%	10/15/2028		265,637
	315,000	General Motors Financial Co., Inc.	3.10%	01/12/2032		266,937
	530,000	Hyundai Capital America^(f)	5.30%	01/08/2029		530,936
						1,452,642
Banks - 0.44%
	175,000	Bank of America Corp.^(g)	1D US SOFR + 1.11%	04/25/2025		174,762
	180,000	Bank of America Corp.^(g)	1D US SOFR + 1.75%	07/22/2026		178,442
	205,000	Bank of America Corp.^(g)	1D US SOFR + 1.21%	10/20/2032		170,142
	210,000	Bank of America Corp.^(g)	1D US SOFR + 1.65%	01/23/2035		211,448
	590,000	Bank of America Corp.^(g)	5Y US TI + 2.48%	09/21/2036		472,225
	200,000	BBVA Bancomer SA	5Y US TI + 4.308%	09/13/2034		189,398
	120,000	Citigroup, Inc.^(g)	1D US SOFR + 0.69%	01/25/2026		116,372
	120,000	Citigroup, Inc.^(g)	1D US SOFR + 1.28%	02/24/2028		112,903
	590,000	Goldman Sachs Group, Inc.^(g)	3M SOFR + 1.43%	05/15/2026		595,342
	175,000	Goldman Sachs Group, Inc.^(g)	1D US SOFR + 0.82%	09/10/2027		175,164
	165,000	JPMorgan Chase & Co.^(g)	1D US SOFR + 0.92%	02/24/2026		160,773
	85,000	JPMorgan Chase & Co.^(g)	1D US SOFR + 1.99%	07/25/2028		84,311
	240,000	JPMorgan Chase & Co.^(g)	1D SOFR + 1.02%	06/01/2029		212,964
	345,000	JPMorgan Chase & Co.^(g)	1D US SOFR + 2.04%	04/22/2031		298,293
	290,000	JPMorgan Chase & Co.^(g)	3M SOFR + 1.25%	04/22/2032		245,263
	290,000	JPMorgan Chase & Co.^(g)	1D US SOFR + 1.26%	01/25/2033		247,694
	205,000	Morgan Stanley^(g)	1D US SOFR + 1.67%	07/17/2026		202,864
	215,000	Morgan Stanley^(g)	1D US SOFR + 1.61%	04/20/2028		208,998
	95,000	Morgan Stanley^(g)	1D US SOFR + 1.29%	01/21/2033		80,770

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
$	585,000	Morgan Stanley^(g)	1D SOFR + 2.48%	09/16/2036	$	462,931
	275,000	Wells Fargo & Co.^(g)	1D US SOFR + 1.98%	07/25/2028		271,045
	270,000	Wells Fargo & Co.^(g)	1D US SOFR + 1.43%	10/30/2030		238,767
	370,000	Wells Fargo & Co.^(g)	1D US SOFR + 2.06%	10/23/2034		397,027
						5,507,898
Beverages - 0.02%
	260,000	Triton Water Holdings, Inc.^(f)	6.25%	04/01/2029		237,060

Biotechnology - 0.05%
	210,000	Amgen, Inc.	5.75%	03/02/2063		214,357
	150,000	Gilead Sciences, Inc.	5.55%	10/15/2053		155,376
	325,000	Royalty Pharma PLC	2.15%	09/02/2031		262,097
						631,830
Building Materials - 0.06%
	130,000	Builders FirstSource, Inc.^(f)	6.38%	06/15/2032		132,037
	150,000	Builders FirstSource, Inc.^(f)	6.38%	03/01/2034		150,807
	50,000	Carrier Global Corp.	6.20%	03/15/2054		55,098
	120,000	EMRLD Borrower LP / Emerald Co.-Issuer, Inc.^(f)	6.63%	12/15/2030		121,301
	130,000	Griffon Corp.	5.75%	03/01/2028		127,407
	25,000	Miter Brands Acquisition Holdco, Inc. / MIWD Borrower LLC^(f)	6.75%	04/01/2032		25,101
	115,000	Standard Industries, Inc.^(f)	4.38%	07/15/2030		103,413
						715,164
Chemicals - 0.10%
	170,000	ASP Unifrax Holdings, Inc.^(f)	7.50%	09/30/2029		94,426
	285,000	CF Industries, Inc.	5.38%	03/15/2044		268,417
	240,000	Illuminate Buyer LLC / Illuminate Holdings IV, Inc.^(f)	9.00%	07/01/2028		237,051
	250,000	Mosaic Co.	5.38%	11/15/2028		253,194
	400,000	Sasol Financing USA LLC	5.50%	03/18/2031		337,326
	75,000	WR Grace Holdings LLC^(f)	5.63%	08/15/2029		67,195
						1,257,609
Coal - 0.01%
	110,000	SunCoke Energy, Inc.^(f)	4.88%	06/30/2029		99,709

Commercial Services - 0.10%
	295,000	Allied Universal Holdco LLC^(f)	7.88%	02/15/2031		299,144
	50,000	Allied Universal Holdco LLC / Allied Universal Finance Corp.^(f)	6.63%	07/15/2026		50,009

See Notes to Financial Statements.

26	(888) 848-7569 \| www.rivernorth.com

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
$	70,000	Allied Universal Holdco LLC / Allied Universal Finance Corp.^(f)	9.75%	07/15/2027	$	70,289
	260,000	Global Payments, Inc.	4.95%	08/15/2027		258,070
	105,000	Mavis Tire Express Services Topco Corp.^(f)	6.50%	05/15/2029		99,963
	105,000	Triton Container International, Ltd.^(f)	1.15%	06/07/2024		104,067
	200,000	Triton Container International, Ltd. / TAL International Container Corp.	3.25%	03/15/2032		162,638
	65,000	VT Topco, Inc.^(f)	8.50%	08/15/2030		68,675
	75,000	Wand NewCo 3, Inc.^(f)	7.63%	01/30/2032		77,630
	50,000	WASH Multifamily Acquisition, Inc.^(f)	5.75%	04/15/2026		48,912
						1,239,397
Computers - 0.08%
	280,000	Fortinet, Inc.	1.00%	03/15/2026		257,766
	205,000	Hewlett Packard Enterprise Co.	5.90%	10/01/2024		205,340
	255,000	Kyndryl Holdings, Inc.	6.35%	02/20/2034		261,882
	270,000	NetApp, Inc.	1.88%	06/22/2025		258,329
						983,317
Containers and Packaging - 0.02%
	270,000	Packaging Corp. of America	3.40%	12/15/2027		256,829

Cosmetics/Personal Care - 0.01%
	130,000	Coty, Inc./HFC Prestige Products Inc/HFC Prestige International US LLC^(f)	6.63%	07/15/2030		132,118

Distribution/Wholesale - 0.04%
	180,000	BCPE Empire Holdings, Inc.^(f)	7.63%	05/01/2027		175,919
	315,000	Dealer Tire LLC / DT Issuer LLC^(f)	8.00%	02/01/2028		313,819
						489,738
Diversified Financial Services - 0.17%
	150,000	Air Lease Corp.	1.88%	08/15/2026		138,340
	510,000	American Express Co.	3.95%	08/01/2025		501,255
	415,000	Aviation Capital Group LLC^(f)	1.95%	09/20/2026		379,354
	160,000	BlackRock Funding, Inc.	5.25%	03/14/2054		160,937
	450,000	BlackRock, Inc.	4.75%	05/25/2033		447,837
	140,000	Nationstar Mortgage Holdings, Inc.^(f)	5.75%	11/15/2031		129,263
	95,000	Navient Corp.	5.00%	03/15/2027		91,081
	125,000	OneMain Finance Corp.	6.63%	01/15/2028		125,495
	65,000	PennyMac Financial Services, Inc.^(f)	4.25%	02/15/2029		59,481

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
$	70,000	PennyMac Financial Services, Inc.^(f)	7.88%	12/15/2029	$	71,991
						2,105,034
Electric - 0.44%
	55,000	AEP Transmission Co. LLC	5.40%	03/15/2053		54,804
	420,000	DTE Energy Co.	5.10%	03/01/2029		418,498
	95,000	Duke Energy Corp.	4.30%	03/15/2028		92,853
	325,000	Duke Energy Corp.	3.95%	08/15/2047		252,527
	85,000	Duke Energy Corp.	5.00%	08/15/2052		77,023
	130,000	Entergy Corp.	2.80%	06/15/2030		113,707
	265,000	Eversource Energy	5.50%	01/01/2034		265,209
	1,000,000	Exelon Corp.	4.05%	04/15/2030		943,594
	290,000	Georgia Power Co.	2.20%	09/15/2024		285,413
	573,000	Georgia Power Co.	3.25%	03/15/2051		402,761
	230,000	NextEra Energy Capital Holdings, Inc.	4.26%	09/01/2024		228,493
	750,000	NextEra Energy Capital Holdings, Inc.	2.44%	01/15/2032		620,289
	160,000	NextEra Energy Capital Holdings, Inc.	5.55%	03/15/2054		159,078
	160,000	NRG Energy, Inc.^(f)	2.00%	12/02/2025		150,252
	150,000	NRG Energy, Inc.^(f)	3.63%	02/15/2031		129,595
	320,000	Pacific Gas and Electric Co.	2.50%	02/01/2031		266,344
	240,000	Pacific Gas and Electric Co.	6.75%	01/15/2053		261,785
	135,000	Pike Corp.^(f)	5.50%	09/01/2028		129,358
	60,000	Pike Corp.^(f)	8.63%	01/31/2031		63,835
	85,000	San Diego Gas & Electric Co.	5.35%	04/01/2053		83,800
	280,000	Southern Co.^(g)	5Y US TI + 2.92%	09/15/2051		262,117
	225,000	Southwestern Electric Power Co.	3.25%	11/01/2051		149,524
	85,000	Vistra Operations Co. LLC^(f)	7.75%	10/15/2031		89,081
						5,499,940
Electronics - 0.02%
	220,000	Arrow Electronics, Inc.	3.88%	01/12/2028		208,609

Engineering & Construction - 0.01%
	185,000	Jacobs Engineering Group, Inc.	5.90%	03/01/2033		187,434

Engineering&Construction - 0.04%
	240,000	Artera Services LLC^(f)	8.50%	02/15/2031		246,233
	210,000	Brand Industrial Services, Inc.^(f)	10.38%	08/01/2030		227,622
						473,855
Entertainment - 0.05%
	60,000	Caesars Entertainment, Inc.^(f)	6.50%	02/15/2032		60,566
	135,000	Light & Wonder International, Inc.^(f)	7.25%	11/15/2029		138,678

See Notes to Financial Statements.

28	(888) 848-7569 \| www.rivernorth.com

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
$	135,000	Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp.^(f)	4.88%	05/01/2029	$	125,114
	265,000	Scientific Games Holdings LP/Scientific Games US FinCo, Inc.^(f)	6.63%	03/01/2030		256,386
						580,744
Environmental Control - 0.02%
	120,000	Madison IAQ LLC^(f)	4.13%	06/30/2028		111,094
	175,000	Veralto Corp.^(f)	5.35%	09/18/2028		177,372
						288,466
Food - 0.09%
	140,000	Campbell Soup Co.	5.40%	03/21/2034		141,117
	489,000	Smithfield Foods, Inc.^(f)	4.25%	02/01/2027		469,825
	395,000	Sysco Corp.	6.00%	01/17/2034		420,538
	75,000	United Natural Foods, Inc.^(f)	6.75%	10/15/2028		62,386
	90,000	US Foods, Inc.^(f)	7.25%	01/15/2032		93,778
						1,187,644
Food Service - 0.01%
	105,000	TKC Holdings, Inc.^(f)	10.50%	05/15/2029		100,712

Gas - 0.02%
	265,000	NiSource, Inc.	5.35%	04/01/2034		263,666

Hand/Machine Tools - 0.01%
	130,000	Regal Rexnord Corp.^(f)	6.05%	02/15/2026		130,740

Healthcare-Products - 0.02%
	165,000	Medline Borrower LP^(f)	5.25%	10/01/2029		156,079
	145,000	Zimmer Biomet Holdings, Inc.	5.35%	12/01/2028		147,162
						303,241
Healthcare-Services - 0.22%
	425,000	Centene Corp.	2.50%	03/01/2031		349,938
	90,000	CHS/Community Health Systems, Inc.^(f)	6.00%	01/15/2029		78,731
	210,000	Elevance Health, Inc.	2.38%	01/15/2025		204,894
	85,000	Elevance Health, Inc.	4.55%	05/15/2052		74,794
	70,000	Fortrea Holdings, Inc.^(f)	7.50%	07/01/2030		72,347
	395,000	HCA, Inc.	5.38%	02/01/2025		393,951
	585,000	HCA, Inc.	5.25%	06/15/2049		534,366
	175,000	IQVIA, Inc.	6.25%	02/01/2029		181,850
	130,000	Legacy LifePoint Health LLC^(f)	4.38%	02/15/2027		123,985
	85,000	ModivCare Escrow Issuer, Inc.^(f)	5.00%	10/01/2029		61,712
	105,164	Radiology Partners, Inc.^(f)(i)	9.78% (9.781%)	02/15/2030		84,788
	100,000	Tenet Healthcare Corp.	6.25%	02/01/2027		100,038

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
$	125,000	Tenet Healthcare Corp.	6.13%	06/15/2030	$	124,870
	305,000	UnitedHealth Group, Inc.	5.05%	04/15/2053		296,443
	90,000	UnitedHealth Group, Inc.	4.95%	05/15/2062		84,133
						2,766,840
Home Furnishings - 0.01%
	80,000	Whirlpool Corp.	5.75%	03/01/2034		80,303

*Housewares - 0.01%*
	160,000	SWF Escrow Issuer Corp.^(f)	6.50%	10/01/2029		118,515

Insurance - 0.18%
	95,000	Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer^(f)	6.75%	10/15/2027		93,674
	100,000	AmWINS Group, Inc.^(f)	4.88%	06/30/2029		93,435
	260,000	Athene Global Funding^(f)(g)	SOFRINDX + 0.56%	08/19/2024		260,174
	290,000	Athene Holding, Ltd.	6.25%	04/01/2054		294,664
	215,000	Berkshire Hathaway Finance Corp.	2.85%	10/15/2050		145,275
	110,000	Berkshire Hathaway Finance Corp.	3.85%	03/15/2052		89,031
	95,000	Brighthouse Financial Global Funding^(f)	1.00%	04/12/2024		94,871
	130,000	Brighthouse Financial Global Funding^(f)	2.00%	06/28/2028		112,266
	90,000	GTCR AP Finance, Inc.^(f)	8.00%	05/15/2027		90,362
	60,000	HUB International, Ltd.^(f)	7.25%	06/15/2030		61,705
	285,000	Massachusetts Mutual Life Insurance Co.^(f)	3.20%	12/01/2061		178,955
	260,000	MetLife, Inc.	5.25%	01/15/2054		256,318
	100,000	Panther Escrow Issuer LLC^(f)	7.13%	06/01/2031		101,751
	460,000	Willis North America, Inc.	4.50%	09/15/2028		448,583
						2,321,064
Internet - 0.10%
	130,000	Expedia Group, Inc.	5.00%	02/15/2026		129,305
	245,000	Expedia Group, Inc.	3.80%	02/15/2028		233,146
	118,000	Expedia Group, Inc.	2.95%	03/15/2031		103,071
	275,000	Meta Platforms, Inc.	3.85%	08/15/2032		257,825
	300,000	Meta Platforms, Inc.	4.45%	08/15/2052		266,919
	130,000	Netflix, Inc.	4.88%	04/15/2028		129,858
	135,000	Newfold Digital Holdings Group, Inc.^(f)	6.00%	02/15/2029		105,917
						1,226,041
Investment Companies - 5.48%
	265,000	Ares Capital Corp.	3.25%	07/15/2025		256,069
	1,000,000	Blackstone Private Credit Fund	2.35%	11/22/2024		977,388

See Notes to Financial Statements.

30	(888) 848-7569 \| www.rivernorth.com

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
$	8,000,000	Blackstone Private Credit Fund	2.63%	12/15/2026	$	7,303,076
	6,800,000	Blue Owl Capital Corp.	3.75%	07/22/2025		6,599,164
	4,092,439	Blue Owl Capital Corp.	2.88%	06/11/2028		3,619,673
	667,000	Blue Owl Capital Corp. II^(f)	4.63%	11/26/2024		660,411
	5,247,000	Blue Owl Capital Corp. III	3.13%	04/13/2027		4,782,662
	6,661,000	Blue Owl Credit Income Corp.	5.50%	03/21/2025		6,616,605
	844	Blue Owl Credit Income Corp.^(f)	5.50%	03/21/2025		838
	2,000,000	Blue Owl Credit Income Corp.	4.70%	02/08/2027		1,898,435
	3,482,180	Blue Owl Credit Income Corp.	7.75%	09/16/2027		3,569,530
	2,000,000	Blue Owl Credit Income Corp.^(f)	7.95%	06/13/2028		2,076,487
	3,715,000	Blue Owl Technology Finance Corp.^(f)	6.75%	06/30/2025		3,688,552
	9,550,000	Blue Owl Technology Finance Corp.^(f)	4.75%	12/15/2025		9,186,837
	1,500,000	Franklin BSP Lending Corp.^(f)	4.85%	12/15/2024		1,472,357
	2,300,000	Golub Capital BDC, Inc.	2.05%	02/15/2027		2,049,383
	3,312,000	New Mountain Finance Corp.	6.88%	02/01/2029		3,280,104
	8,300,000	Oaktree Specialty Lending Corp.	7.10%	02/15/2029		8,578,435
	1,000,000	Oaktree Strategic Credit Fund^(f)	8.40%	11/14/2028		1,061,593
	1,000,000	Sixth Street Specialty Lending, Inc.	3.88%	11/01/2024		987,603
						68,665,202
Leisure Time - 0.12%
	405,000	Carnival Corp.^(f)	7.63%	03/01/2026		410,038
	125,000	Carnival Corp.^(f)	5.75%	03/01/2027		123,795
	140,000	NCL Corp., Ltd.^(f)	5.88%	02/15/2027		138,413
	75,000	Royal Caribbean Cruises, Ltd.^(f)	6.25%	03/15/2032		75,645
	125,000	Viking Cruises, Ltd.^(f)	5.88%	09/15/2027		122,727
	615,000	Viking Cruises, Ltd.^(f)	9.13%	07/15/2031		673,047
						1,543,665
Lodging - 0.06%
	65,000	Full House Resorts, Inc.^(f)	8.25%	02/15/2028		62,172
	325,000	Marriott International, Inc.	2.75%	10/15/2033		264,348
	265,000	Marriott International, Inc.	5.30%	05/15/2034		262,205
	125,000	Station Casinos LLC^(f)	6.63%	03/15/2032		126,365
						715,090
Machinery-Diversified - 0.02%
	95,000	AGCO Corp.	5.80%	03/21/2034		96,230
	135,000	CNH Industrial Capital LLC	5.10%	04/20/2029		134,677
						230,907
Media - 0.10%
	140,000	CCO Holdings LLC / CCO Holdings Capital Corp.^(f)	4.75%	02/01/2032		114,392
	80,000	CCO Holdings LLC / CCO Holdings Capital Corp.^(f)	4.25%	01/15/2034		60,458

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity		Value
$	260,000	Charter Communications Operating LLC / Charter Communications Operating Capital	4.91%		07/23/2025	$	256,906
	150,000	Comcast Corp.	3.95%		10/15/2025		147,543
	195,000	Directv Financing LLC / Directv Financing Co.-Obligor, Inc.^(f)	5.88%		08/15/2027		184,599
	75,000	DISH DBS Corp.^(f)	5.75%		12/01/2028		51,685
	220,000	McGraw-Hill Education, Inc.^(f)	5.75%		08/01/2028		207,663
	85,000	News Corp.^(f)	5.13%		02/15/2032		79,909
	70,000	Townsquare Media, Inc.^(f)	6.88%		02/01/2026		68,303
	75,000	Univision Communications, Inc.^(f)	7.38%		06/30/2030		74,225
							1,245,683
*Metal Fabricate/Hardware - 0.01%*
	100,000	Advanced Drainage Systems, Inc.^(f)	6.38%		06/15/2030		100,610

*Mining - 0.08%*
	50,000	Freeport-McMoRan, Inc.	4.38%		08/01/2028		48,097
	100,000	Freeport-McMoRan, Inc.	4.63%		08/01/2030		96,156
	250,000	Glencore Funding LLC^(f)	1.63%		04/27/2026		231,893
	570,000	Glencore Funding LLC^(f)	5.37%		04/04/2029		571,328
	50,000	Southern Copper Corp.	3.88%		04/23/2025		49,037
							996,511
*Oil & Gas - 0.30%*
	260,000	BP Capital Markets America, Inc.	4.89%		09/11/2033		258,307
	160,000	BP Capital Markets America, Inc.	2.94%		06/04/2051		106,906
	165,000	Callon Petroleum Co.^(f)	7.50%		06/15/2030		175,000
	125,000	Chesapeake Energy Corp.^(f)	5.88%		02/01/2029		124,083
	85,000	Civitas Resources, Inc.^(f)	8.38%		07/01/2028		89,587
	125,000	CNX Resources Corp.^(f)	6.00%		01/15/2029		122,506
	260,000	Exxon Mobil Corp.	4.23%		03/19/2040		237,003
	95,000	Hilcorp Energy I LP / Hilcorp Finance Co.^(f)	5.75%		02/01/2029		92,618
	25,000	Hilcorp Energy I LP / Hilcorp Finance Co.^(f)	8.38%		11/01/2033		27,125
	205,000	Marathon Petroleum Corp.	5.13%		12/15/2026		205,193
	100,000	Matador Resources Co.^(f)	6.50%		04/15/2032		100,246
	750,000	NiSource, Inc.	3.60%		05/01/2030		691,261
	245,000	Occidental Petroleum Corp.	6.63%		09/01/2030		259,837
	65,000	Permian Resources Operating LLC^(f)	7.00%		01/15/2032		67,476
	610,000	Phillips 66 Co.	5.65%		06/15/2054		619,459
	300,000	SierraCol Energy Andina LLC^(h)	6.00%		06/15/2028		263,834

See Notes to Financial Statements.

32	(888) 848-7569 \| www.rivernorth.com

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate		Maturity		Value
$	65,000	Sitio Royalties Operating Partnership LP / Sitio Finance Corp.^(f)		7.88%		11/01/2028	$	67,287
	65,000	Southwestern Energy Co.		5.38%		02/01/2029		63,188
	100,000	Sunoco LP / Sunoco Finance Corp.		4.50%		05/15/2029		93,043
	65,000	Transocean, Inc.^(f)		8.00%		02/01/2027		64,562
	50,000	Vital Energy, Inc.^(f)		7.88%		04/15/2032		50,833
								3,779,354
*Oil & Gas Services - 0.02%*
	110,000	Halliburton Co.		4.85%		11/15/2035		107,053
	120,000	Kodiak Gas Services LLC^(f)		7.25%		02/15/2029		122,310
	50,000	Weatherford International, Ltd.^(f)		8.63%		04/30/2030		52,240
								281,603
Packaging & Containers - 0.11%

	215,000	Berry Global, Inc.^(f)		4.88%		07/15/2026		210,858
	150,000	Berry Global, Inc.^(f)		5.65%		01/15/2034		149,255
	115,000	Pactiv Evergreen Group Issuer LLC / Pactiv Evergreen Group Issuer, Inc.^(f)		4.38%		10/15/2028		107,403
	390,000	Trident TPI Holdings, Inc.^(f)		12.75%		12/31/2028		416,594
	471,000	WRKCo, Inc.		3.75%		03/15/2025		463,072
								1,347,182
*Pharmaceuticals - 0.18%*
	283,000	AbbVie, Inc.		4.70%		05/14/2045		264,845
	140,000	AbbVie, Inc.		5.50%		03/15/2064		144,096
	65,000	AdaptHealth LLC^(f)		5.13%		03/01/2030		56,745
	105,000	Bristol-Myers Squibb Co.		5.50%		02/22/2044		107,523
	420,000	Bristol-Myers Squibb Co.		5.55%		02/22/2054		432,294
	140,000	Cardinal Health, Inc.		5.13%		02/15/2029		140,334
	260,000	CVS Health Corp.		5.30%		06/01/2033		260,720
	395,000	CVS Health Corp.		5.88%		06/01/2053		402,117
	185,000	Merck & Co., Inc.		4.50%		05/17/2033		181,002
	95,000	Owens & Minor, Inc.^(f)		6.63%		04/01/2030		94,369
	165,000	Viatris, Inc.		1.65%		06/22/2025		156,955
								2,241,000
*Pipelines - 0.32%*

	73,000	Antero Midstream Partners LP / Antero Midstream Finance Corp.^(f)		5.75%		03/01/2027		72,134
	265,000	Cheniere Energy, Inc.		4.63%		10/15/2028		257,021
	260,000	Energy Transfer LP		4.75%		01/15/2026		257,411
	1,000,000	Energy Transfer LP		3.90%		07/15/2026		970,124
	155,000	Energy Transfer LP		4.40%		03/15/2027		151,743
	310,000	Energy Transfer LP		5.00%		05/15/2044		274,397
	100,000	EQM Midstream Partners LP^(f)		4.75%		01/15/2031		93,088

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate		Maturity		Value
$	433,000	Kinder Morgan Energy Partners LP		6.95%		01/15/2038	$	474,262
	95,000	NGL Energy Operating LLC / NGL Energy Finance Corp.^(f)		8.13%		02/15/2029		97,359
	100,000	NGL Energy Operating LLC / NGL Energy Finance Corp.^(f)		8.38%		02/15/2032		102,577
	120,000	NGPL PipeCo LLC^(f)		3.25%		07/15/2031		102,594
	140,000	ONEOK, Inc.		3.40%		09/01/2029		129,025
	125,000	ONEOK, Inc.		6.63%		09/01/2053		137,856
	205,000	Sabine Pass Liquefaction LLC		5.00%		03/15/2027		204,473
	60,000	Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp.^(f)		7.38%		02/15/2029		60,400
	100,000	Venture Global LNG, Inc.^(f)		8.13%		06/01/2028		102,081
	115,000	Venture Global LNG, Inc.^(f)		8.38%		06/01/2031		118,668
	65,000	Venture Global LNG, Inc.^(f)		9.88%		02/01/2032		70,094
	355,000	Williams Cos., Inc.		5.15%		03/15/2034		351,962
								4,027,269
*Real Estate - 0.00%^(l)*
	65,000	Realogy Group LLC / Realogy Co.- Issuer Corp.^(f)		5.25%		04/15/2030		44,269

*REITS - 0.28%*
	115,000	Agree LP		2.60%		06/15/2033		90,378
	245,000	Alexandria Real Estate Equities, Inc.		3.00%		05/18/2051		155,692
	60,000	Alexandria Real Estate Equities, Inc.		5.15%		04/15/2053		55,298
	420,000	American Homes 4 Rent LP		5.50%		02/01/2034		418,894
	110,000	American Tower Corp.		5.55%		07/15/2033		110,903
	355,000	Brixmor Operating Partnership LP		5.50%		02/15/2034		350,713
	220,000	COPT Defense Properties LP		2.90%		12/01/2033		172,643
	770,000	Crown Castle, Inc.		3.65%		09/01/2027		730,179
	290,000	Equinix, Inc.		1.80%		07/15/2027		260,166
	265,000	Extra Space Storage LP		5.40%		02/01/2034		263,934
	300,000	Host Hotels & Resorts LP		2.90%		12/15/2031		249,506
	170,000	Iron Mountain, Inc.^(f)		7.00%		02/15/2029		173,426
	75,000	Iron Mountain, Inc.^(f)		4.50%		02/15/2031		67,744
	100,000	Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer^(f)		4.88%		05/15/2029		93,070
	130,000	Sabra Health Care LP		3.20%		12/01/2031		108,057
	320,000	Sun Communities Operating LP		2.70%		07/15/2031		263,719
								3,564,322

See Notes to Financial Statements.

34	(888) 848-7569 \| www.rivernorth.com

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
Retail - 0.16%
$	130,000	Dollar General Corp.	4.25%	09/20/2024	$	129,079
	470,000	Dollar Tree, Inc.	4.00%	05/15/2025		462,184
	75,000	Ferrellgas LP / Ferrellgas Finance Corp.^(f)	5.38%	04/01/2026		73,437
	75,000	Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc.^(f)	6.75%	01/15/2030		67,405
	115,000	Gap, Inc.^(f)	3.88%	10/01/2031		97,396
	155,000	Lowe's Cos., Inc.	4.40%	09/08/2025		153,149
	160,000	Lowe's Cos., Inc.	5.63%	04/15/2053		161,776
	190,000	LSF9 Atlantis Holdings LLC / Victra Finance Corp.^(f)	7.75%	02/15/2026		188,456
	75,000	Macy's Retail Holdings LLC^(f)	5.88%	04/01/2029		73,651
	300,000	McDonald's Corp.	4.45%	03/01/2047		261,563
	80,000	Michaels Cos., Inc.^(f)	5.25%	05/01/2028		68,239
	125,000	O'Reilly Automotive, Inc.	5.75%	11/20/2026		127,090
	35,000	Staples, Inc.^(f)	7.50%	04/15/2026		34,193
	105,000	Suburban Propane Partners LP/Suburban Energy Finance Corp.^(f)	5.00%	06/01/2031		95,805
						1,993,423
*Semiconductors - 0.11%*
	459,000	Broadcom, Inc.^(f)	3.42%	04/15/2033		398,057
	335,000	Broadcom, Inc.^(f)	3.19%	11/15/2036		266,742
	610,000	Marvell Technology, Inc.	2.95%	04/15/2031		527,239
	155,000	Qorvo, Inc.^(f)	3.38%	04/01/2031		133,442
	80,000	Texas Instruments, Inc.	5.00%	03/14/2053		78,549
						1,404,029
*Software - 0.15%*
	70,000	AthenaHealth Group, Inc.^(f)	6.50%	02/15/2030		64,096
	90,000	Central Parent LLC / CDK Global II LLC / CDK Financing Co., Inc.^(f)	8.00%	06/15/2029		93,375
	70,000	Clarivate Science Holdings Corp.^(f)	4.88%	07/01/2029		64,834
	265,000	Fiserv, Inc.	5.45%	03/15/2034		268,497
	250,000	Intuit, Inc.	5.50%	09/15/2053		259,707
	145,000	Oracle Corp.	6.25%	11/09/2032		155,210
	95,000	Oracle Corp.	3.80%	11/15/2037		79,708
	525,000	Take-Two Interactive Software, Inc.	4.95%	03/28/2028		523,189
	60,000	UKG, Inc.^(f)	6.88%	02/01/2031		61,167
	275,000	Workday, Inc.	3.70%	04/01/2029		259,427
						1,829,210

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
Telecommunications - 0.24%
$	500,000	AT&T, Inc.	4.30%	02/15/2030	$	480,657
	745,000	AT&T, Inc.	3.50%	09/15/2053		526,033
	500,000	Embarq Corp Eq	8.00%	06/01/2036		272,201
	30,000	Frontier Communications Holdings LLC^(f)	5.88%	10/15/2027		29,068
	85,000	Frontier Communications Holdings LLC^(f)	5.00%	05/01/2028		78,960
	85,000	Frontier Communications Holdings LLC^(f)	8.63%	03/15/2031		86,894
	269,000	Level 3 Financing, Inc.^(f)	10.50%	05/15/2030		276,397
	265,000	Motorola Solutions, Inc.	5.40%	04/15/2034		264,578
	265,000	T-Mobile USA, Inc.	5.15%	04/15/2034		264,215
	285,000	T-Mobile USA, Inc.	3.40%	10/15/2052		202,328
	100,000	Verizon Communications, Inc.	3.88%	03/01/2052		78,687
	445,000	Verizon Communications, Inc.	5.50%	02/23/2054		450,130
						3,010,148
*Transportation* - 0.13%
	185,000	Burlington Northern Santa Fe LLC	5.20%	04/15/2054		183,526
	670,000	CSX Corp.	3.80%	11/01/2046		533,541
	255,000	Ryder System, Inc.	5.65%	03/01/2028		260,010
	500,000	Union Pacific Corp.	3.70%	03/01/2029		478,623
	135,000	XPO, Inc.^(f)	7.13%	06/01/2031		138,611
						1,594,311
*Trucking & Leasing - 0.04%*
	145,000	Fortress Transportation and Infrastructure Investors LLC^(f)	7.88%	12/01/2030		152,417
	175,000	Penske Truck Leasing Co. Lp / PTL Finance Corp.^(f)	5.75%	05/24/2026		176,322
	240,000	Penske Truck Leasing Co. LP / PTL Finance Corp.^(f)	4.20%	04/01/2027		233,231
						561,970
*Water - 0.02%*
	265,000	Essential Utilities, Inc.	5.38%	01/15/2034		263,781

TOTAL U.S. CORPORATE BONDS
(Cost $133,493,975)						132,162,186

FOREIGN GOVERNMENT BONDS AND NOTES, SUPRANATIONALS AND FOREIGN AGENCIES - 0.34%
$	200,000	Banco Nacional de Comercio Exterior SNC^(g)(h)	5Y US TI + 2.00%	08/11/2031		181,160
	900,000	Brazilian Government International Bond	4.75%	01/14/2050		676,847

See Notes to Financial Statements.

36	(888) 848-7569 \| www.rivernorth.com

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
$	200,000	Colombia Government International Bond	4.13%	02/22/2042	$	135,703
	900,000	Colombia Government International Bond	5.00%	06/15/2045		655,218
	300,000	Colombia Government International Bond	5.20%	05/15/2049		221,143
	600,000	Colombia Government International Bond	4.13%	05/15/2051		373,858
	600,000	Dominican Republic International Bond^(f)	6.40%	06/05/2049		565,098
	300,000	Mexico Government International Bond	4.40%	02/12/2052		229,925
	200,000	Mexico Government International Bond	6.34%	05/04/2053		197,820
	300,000	Panama Government International Bond	3.87%	07/23/2060		174,741
	900,000	Republic of South Africa Government International Bond	5.65%	09/27/2047		655,767
	800,000	Ukraine Government International Bond^(h)	7.25%	03/15/2035		232,549

TOTAL FOREIGN GOVERNMENT BONDS AND NOTES, SUPRANATIONALS AND FOREIGN AGENCIES
(Cost $5,915,349)						4,299,829

BANK LOANS- 1.31%^(g)
*Canada - 0.05%*
	323,375	Bausch + Lomb Corp., First Lien	1M SOFR + 4.00%	09/29/2028		323,781
	200,000	Garda World Security Corp., First Lien	3M SOFR + 4.25%	02/01/2029		200,626
	160,000	Garda World Security Corp., First Lien	6M CME TERM + 5.25%	02/01/2029		160,617
						685,024
*France - 0.01%*
	85,000	Altice France SA, First Lien	1M SOFR + 5.50%	08/31/2028		68,027

*Luxembourg - 0.08%*
	1,065,579	Travelport Finance Luxembourg SARL 1L, 2021, First Lien - Initial (Priority) Term Loan	3M SOFR + 8.26161%, 1.00% Floor	02/28/2025		997,787

*Netherlands - 0.00%*
	5,736	Lealand Finance Company B.V., First Lien - Make-Whole Term Loan	1M SOFR + 3.00%	06/28/2024		3,155

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description

Rate

Maturity

Value

79,396

Lealand Finance Company B.V., First Lien - Take-Back Term Loan

3M US L + 1.00%

06/30/2025

32,883

36,038

United Arab Emirates - 0.04%

538,488

Gulf Finance, LLC TL 1L

1M SOFR + 6.75%

08/25/2026

540,025

United States - 1.13%

155,000

Access CIG LLC, First Lien ^(g)

1M SOFR + 5.00%, 0.50% Floor

08/18/2028

155,364

160,000

Acuris Finance US, Inc., First Lien - Initial Dollar Term Loan

3M SOFR + 4.00%, 0.50% Floor

02/16/2028

160,025

108,445

Air Methods Corporation TLB 1L

3M SOFR + 9.00%

11/30/2028

110,343

183,432

American Tire Distributors, Inc., First Lien - Initial Term Loan

3M SOFR + 6.25%

10/08/2028

160,044

110,000

APPLIED SYSTEMS INC, TL

3M SOFR + 5.25%

02/07/2032

114,091

165,000

ASPDEN TL B1 1L USD

1M SOFR + 5.75%

12/23/2027

165,361

452,470

Astra Acquisition Corp., First Lien - Initial Term Loan

3M SOFR + 5.25%

10/22/2028

191,734

1,989,522

Astra Acquisition Corp., Second Lien - Initial Term Loan

3M SOFR + 8.88%

10/22/2029

615,508

295,000

Asurion LLC, Second Lien - New B-3 Term Loan^(g)

1M SOFR + 5.25%

01/31/2028

267,528

683,139

Atlas Purchaser, Inc., First Lien - Initial Term Loan^(g)

3M US L + 3.00%, 0.75% Floor

05/18/2028

409,743

538,805

Aveanna Healthcare LLC, Second Lien - Initial Term Loan^(g)

3M SOFR + 7.00%, 0.50% Floor

12/10/2029

464,719

498,750

Boxer Parent Co., Inc., First Lien ^(g)

1M SOFR + 4.25%

12/29/2028

502,543

160,000

BRAND INDUSTRIAL SERVICE, TL

3M SOFR + 5.50%

08/01/2030

160,886

125,000

Cengage Learning, Inc., First Lien ^(g)

3M SOFR + 4.50%

03/24/2031

125,019

158,729

ClubCorp Holdings, Inc., First Lien ^(g)

3M SOFR + 5.00%

09/18/2026

159,240

1,630,000

Constant Contact, Inc., Second Lien - Initial Term Loan^(g)

3M SOFR + 7.50%, 0.75% Floor

02/12/2029

1,506,731

84,788

CROSBY US ACQUISITION CORP. TL 1L

1M SOFR + 4.00%

08/12/2029

85,362

905,000

DCert Buyer, Inc., Second Lien - First Amendment Refinancing Term Loan

1M SOFR + 7.00%

02/19/2029

821,921

See Notes to Financial Statements.

38	(888) 848-7569 \| www.rivernorth.com

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description

Rate

Maturity

Value

760,000

DG Investment Intermediate Holdings 2, Inc., Second Lien - Initial Term Loan

1M SOFR + 6.75%, 0.75% Floor

03/30/2029

713,450

159,599

EG America LLC, First Lien

3M SOFR + 5.50%, 0.50% Floor

02/07/2028

159,200

175,000

Eisner Advisory Group LLC, First Lien ^(g)

1M SOFR + 4.00%, 0.50% Floor

02/28/2031

175,930

325,000

Gainwell Acquisition Corp., First Lien - B Term Loan

3M US L + 4.00%, 0.75% Floor

10/01/2027

311,472

164,581

Hexion Holdings Corp., First Lien ^(g)

3M SOFR + 4.50%, 0.50% Floor

03/15/2029

162,289

165,000

INEOS US Petrochem LLC, First Lien

3M SOFR + 4.25%

03/29/2029

164,898

593,513

LifePoint Health, Inc., First Lien ^(g)

3M SOFR + 5.50%

11/16/2028

595,792

402,375

LSF9 ATLANTIS HOLDINGS, LLC, First Lien - B Term Loan

3M SOFR + 7.25%

03/29/2029

405,898

808,976

Minotaur Acquisition, Inc., First Lien - B Term Loan^(g)

1M SOFR + 4.75%

03/30/2026

810,796

165,427

NEP Group, Inc., First Lien ^(g)

1M SOFR + 3.25%

08/19/2026

158,138

218,901

Olympus Water US Holding Corp., First Lien ^(g)

6M CME TERM + 4.25%, 0.50% Floor

11/09/2028

219,860

119,693

Polaris Newco LLC, First Lien - Dollar Term Loan

L + 4.00%, 0.50% Floor

06/04/2028

118,674

320,000

POWERTEAM SERVICES LLC, TL

3M SOFR + 4.50%

02/07/2031

321,600

315,000

Restaurant Technologies, Inc. TLB 1L

3M SOFR + 4.25%

03/17/2029

312,737

422,195

Riverbed Technology LLC, TL

6M CME TERM + 2.50%

07/01/2028

276,538

130,000

SOUTHERN VETERINARY PART, TL

3M SOFR + 4.00%

10/05/2027

130,293

295,000

STUBHUB HLDGS INC, TL

3M SOFR + 4.75%

03/12/2030

295,798

697,294

Think & Learn Private, Ltd., First Lien - B Term Loan

3M US L + 7.00%

11/05/2026

150,497

923,793

UKG, Inc. TL 2L

3M SOFR + 5.25%

05/03/2027

933,608

552,000

Viad Corp, First Lien - Initial Term Loan

3M US L + 5.00%, 0.50% Floor

07/30/2028

554,244

319,046

WaterBridge Midstream Operating LLC, First Lien - Initial Term Loan^(g)

3M SOFR + 5.75%, 1.00% Floor

06/22/2026

319,794

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description

Rate

Maturity

Value

711,068

Zephyrus Capital Aviation Tl

1M US L + 4.61%

10/15/2038

648,149

14,115,817

TOTAL BANK LOANS

(Cost $19,179,178)

16,442,718

BUSINESS DEVELOPMENT COMPANIES - 0.10%

1,292,347

Golub Capital BDC, Inc.

3.38%

04/15/2024

1,291,751

TOTAL BUSINESS DEVELOPMENT COMPANIES

(Cost $1,290,828)

1,291,751

COLLATERALIZED LOAN OBLIGATIONS - 4.95%

AIMCO CLO

500,000

Series 2018-AA^(f)(g)

3M SOFR + 2.81%

04/17/2031

498,269

Apidos CLO XII

500,000

Series 2018-12A^(f)(g)

3M SOFR + 2.86%

04/15/2031

491,212

Apidos CLO XXIV

1,000,000

Series 2018-24A^(f)(g)

3M SOFR + 6.06%

10/20/2030

989,486

Bain Capital Credit CLO 2017-2, Ltd.

500,000

Series 2021-2A^(f)(g)

3M US L + 6.50%

07/25/2034

484,412

1,000,000

Series 2021-2A^(f)(g)

3M US L + 3.10%

07/25/2034

987,180

Bain Capital Credit Clo 2019-4, Ltd.

500,000

Series 2022-4A^(f)(g)

3M SOFR + 3.63%

04/23/2035

492,643

Bain Capital Credit CLO 2021-2, Ltd.

500,000

Series 2021-2A^(f)(g)

3M SOFR + 3.41%

07/16/2034

493,474

Bain Capital Credit CLO 2022-3, Ltd.

1,000,000

Series 2022-3A^(f)(g)

3M SOFR + 7.35%

07/17/2035

975,429

Bain Capital Credit CLO 2023-3, Ltd.

500,000

Series 2023-3A^(f)(g)

3M SOFR + 5.25%

07/24/2036

508,346

Barings CLO, Ltd.

500,000

Series 2018-4A^(f)(g)

3M SOFR + 6.08%

10/15/2030

497,116

Barings CLO, Ltd. 2018-III

1,295,000

Series 2018-3A^(f)(g)

3M SOFR + 6.01%

07/20/2029

1,285,314

Barings CLO, Ltd. 2019-I

1,500,000

Series 2021-1A^(f)(g)

3M SOFR + 7.12%

04/15/2035

1,479,343

Barings CLO, Ltd. 2019-II

500,000

Series 2021-2A^(f)(g)

3M US L + 3.41%

04/15/2036

499,903

Beechwood Park CLO, Ltd.

500,000

Series 2022-1A^(f)(g)

3M SOFR + 6.50%

01/17/2035

500,371

See Notes to Financial Statements.

40	(888) 848-7569 \| www.rivernorth.com

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description

Rate

Maturity

Value

BlueMountain CLO, Ltd.

500,000

Series 2018-3A^(f)(g)

3M SOFR + 2.86%

04/20/2031

481,599

BlueMountain Fuji US CLO II, Ltd.

1,000,000

Series 2017-2A^(f)(g)

3M SOFR + 3.26%

10/20/2030

977,561

Buttermilk Park CLO, Ltd.

1,000,000

Series 2018-1A^(f)(g)

3M SOFR + 6.01%

10/15/2031

995,040

Canyon Capital CLO 2016-2, Ltd.

500,000

Series 2018-2A^(f)(g)

3M SOFR + 3.41%

10/15/2031

496,807

Canyon Capital CLO 2017-1, Ltd.

500,000

Series 2021-1A^(f)(g)

3M SOFR + 3.26%

07/15/2030

496,601

Canyon Capital CLO 2019-1, Ltd.

500,000

Series 2021-1A^(f)(g)

3M US L + 7.09%

04/15/2032

487,388

Canyon Capital CLO, Ltd.

1,000,000

Series 2018-1A^(f)(g)

3M SOFR + 3.01%

01/30/2031

955,902

1,500,000

Series 2018-1A^(f)(g)

3M SOFR + 5.76%

01/30/2031

1,402,559

1,000,000

Series 2018-1A^(f)(g)

3M US L + 5.75%

07/15/2031

985,715

500,000

Series 2018-1A^(f)(g)

3M US L + 2.80%

07/15/2031

495,419

Canyon CLO 2021-3, Ltd.

1,000,000

Series 2021-3A^(f)(g)

3M SOFR + 3.31%

07/15/2034

974,731

Canyon CLO 2021-4, Ltd.

1,000,000

Series 2021-4A^(f)(g)

3M SOFR + 6.56%

10/15/2034

990,590

Carlyle Global Market Strategies CLO 2016-3, Ltd.

1,000,000

Series 2021-3A^(f)(g)

3M US L + 3.30%

07/20/2034

1,001,510

Carlyle Global Market Strategies CLO, Ltd.

1,000,000

Series 2018-2RA^(f)(g)

3M SOFR + 5.61%

05/15/2031

965,020

Carlyle US CLO 2020-2, Ltd.

2,000,000

Series 2021-2A^(f)(g)

3M SOFR + 6.96%

01/25/2035

1,985,446

Carlyle US CLO 2021-1, Ltd.

500,000

Series 2021-1A^(f)(g)

3M SOFR + 6.26%

04/15/2034

498,828

Chenango Park CLO, Ltd.

500,000

Series 2018-1A^(f)(g)

3M SOFR + 3.26%

04/15/2030

490,846

1,000,000

Series 2018-1A^(f)(g)

3M SOFR + 6.06%

04/15/2030

978,187

Cook Park CLO, Ltd.

500,000

Series 2018-1A^(f)(g)

3M SOFR + 2.86%

04/17/2030

485,487

Crown Point CLO IV, Ltd.

500,000

Series 2018-4A^(f)(g)

3M SOFR + 2.16%

04/20/2031

497,302

Dryden 57 CLO, Ltd.

500,000

Series 2018-57A^(f)(g)

3M SOFR + 2.81%

05/15/2031

481,953

Elevation CLO 2021-14, Ltd.

500,000

Series 2021-14A^(f)(g)

3M SOFR + 2.56%

10/20/2034

498,682

Elmwood CLO IX, Ltd.

500,000

Series 2021-2A^(f)(g)

3M US L + 5.94%

07/20/2034

501,576

Galaxy XIX CLO, Ltd.

1,300,000

Series 2017-19A^(f)(g)

3M SOFR + 6.79%

07/24/2030

1,268,004

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description

Rate

Maturity

Value

Gilbert Park CLO, Ltd.

1,000,000

Series 2017-1A^(f)(g)

3M SOFR + 6.66%

10/15/2030

995,717

Goldentree Loan Management US CLO, Ltd.

500,000

Series 2018-3A^(f)(g)

3M SOFR + 3.11%

04/20/2030

501,447

Katayma CLO I, Ltd.

500,000

Series 2023-1A^(f)(g)

3M CME TERM SOFR + 5.25%

10/20/2036

509,702

Marble Point CLO XII, Ltd.

500,000

Series 2018-1A^(f)(g)

3M SOFR + 3.26%

07/16/2031

460,173

Milos CLO, Ltd.

500,000

Series 2020-1A^(f)(g)

3M SOFR + 6.41%

10/20/2030

502,727

Myers Park CLO, Ltd.

1,000,000

Series 2018-1A^(f)(g)

3M SOFR + 5.76%

10/20/2030

1,002,209

Neuberger Berman Loan Advisers CLO 37, Ltd.

500,000

Series 2021-37A^(f)(g)

3M SOFR + 6.01%

07/20/2031

496,432

Neuberger Berman Loan Advisers CLO 42, Ltd.

500,000

Series 2021-42A^(f)(g)

3M SOFR + 6.21%

07/16/2035

499,311

Neuberger Berman Loan Advisers Clo 44, Ltd.

1,000,000

Series 2021-44A^(f)(g)

3M SOFR + 6.26%

10/16/2034

1,002,327

Point Au Roche Park CLO, Ltd.

500,000

Series 2021-1A^(f)(g)

3M US L + 6.13%

07/20/2034

493,676

Rockland Park CLO, Ltd.

500,000

Series 2021-1A^(f)(g)

3M US L + 6.25%

04/20/2034

504,011

Sound Point CLO XXIII

500,000

Series 2021-2A^(f)(g)

3M SOFR + 3.56%

07/15/2034

474,161

Sound Point CLO XXIV

1,375,000

Series 2021-3A^(f)(g)

3M SOFR + 6.98%

10/25/2034

1,150,419

Sound Point CLO XXVI, Ltd.

500,000

Series 2021-1A^(f)(g)

3M US L + 3.35%

07/20/2034

475,370

Sound Point CLO XXVIII, Ltd.

1,000,000

Series 2020-3A^(f)(g)

3M US L + 6.90%

01/25/2032

974,626

Sound Point CLO XXXII, Ltd.

500,000

Series 2021-4A^(f)(g)

3M SOFR + 3.66%

10/25/2034

489,701

500,000

Series 2021-4A^(f)(g)

3M SOFR + 6.96%

10/25/2034

438,880

Stewart Park CLO, Ltd.

500,000

Series 2018-1A^(f)(g)

3M SOFR + 2.86%

01/15/2030

490,789

THL Credit Wind River 2017-1 CLO, Ltd.

1,400,000

Series 2021-1A^(f)(g)

3M US L + 3.91%

04/18/2036

1,378,434

THL Credit Wind River 2017-3 CLO, Ltd.

500,000

Series 2021-3A^(f)(g)

3M US L + 7.08%

04/15/2035

476,326

See Notes to Financial Statements.

42	(888) 848-7569 \| www.rivernorth.com

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description

Rate

Maturity

Value

THL Credit Wind River 2018-3 CLO, Ltd.

2,000,000

Series 2018-3A^(f)(g)

3M SOFR + 3.21%

01/20/2031

1,949,624

THL Credit Wind River 2019-1 CLO, Ltd.

1,150,000

Series 2021-1A^(f)(g)

3M SOFR + 3.71%

07/20/2034

1,100,943

THL Credit Wind River CLO, Ltd.

500,000

Series 2018-1A^(f)(g)

2.90% - 3M US L

07/15/2030

486,757

2,000,000

Series 2018-1A^(f)(g)

5.50% - 3M US L

07/15/2030

1,916,557

1,000,000

Series 2018-1A^(f)(g)

3M US L + 3.00%

07/18/2031

939,467

1,000,000

Series 2018-2A^(f)(g)

3M SOFR + 6.01%

07/15/2030

949,648

1,000,000

Series 2018-3A^(f)(g)

3M SOFR + 6.48%

10/22/2031

844,896

Upland CLO, Ltd.

500,000

Series 2018-1A^(f)(g)

3M SOFR + 3.16%

04/20/2031

490,873

Vibrant Clo III, Ltd.

1,050,000

Series 2018-3A^(f)(g)

3M SOFR + 3.76%

10/20/2031

1,035,582

Voya CLO 2013-3, Ltd.

700,000

Series 2018-3A^(f)(g)

3M SOFR + 2.51%

10/18/2031

701,040

Voya CLO 2017-2

1,000,000

Series 2017-2A^(f)(g)

3M SOFR + 6.28%

06/07/2030

981,411

Voya CLO 2022-3, Ltd.

1,000,000

Series 2023-3A^(f)(g)

3M CME TERM SOFR + 4.50%

10/20/2036

1,006,583

Voya CLO, Ltd.

500,000

Series 2018-1A^(f)(g)

3M SOFR + 3.06%

04/18/2031

491,850

1,000,000

Series 2018-2A^(f)(g)

3M SOFR + 3.01%

07/15/2031

974,994

1,000,000

Series 2018-2A^(f)(g)

3M SOFR + 5.51%

07/15/2031

925,042

500,000

Series 2018-3A^(f)(g)

3M SOFR + 6.46%

10/20/2031

442,393

500,000

Series 2018-4A^(f)(g)

3M SOFR + 6.21%

07/14/2031

449,015

Webster Park CLO, Ltd.

1,000,000

Series 2018-1A^(f)(g)

5.50% - 3M US L

07/20/2030

999,649

Wind River 2013-1 CLO, Ltd.

500,000

Series 2017-1A^(f)(g)

3M SOFR + 3.91%

07/20/2030

500,618

Wind River 2014-3 CLO, Ltd.

1,500,000

Series 2018-3A^(f)(g)

3M SOFR + 3.66%

10/22/2031

1,390,893

Wind River 2021-2 CLO, Ltd.

500,000

Series 2021-2A^(f)(g)

3M SOFR + 6.69%

07/20/2034

461,922

TOTAL COLLATERALIZED LOAN OBLIGATIONS

(Cost $62,709,255)

61,931,446

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
EQUITY - LINKED NOTES - 0.00%(l)
$	263,093	Inverpamplona SA^(b)(c)(k)	0.00%	12/30/2028	$	–

TOTAL EQUITY - LINKED NOTES
(Cost $11,250)						–

NON-AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS - 17.00%
		Aaset 2021-2 Trust
	399,761	Series 2021-2A^(f)	3.54%	01/15/2047		321,417
		ABFC Trust
	2,476,740	Series 2007-WMC1^(g)	1M SOFR + 1.36%	06/25/2037		1,694,431
		Alen Mortgage Trust
	1,107,000	Series 2021-ACEN^(f)(g)	1M SOFR + 4.11%	04/15/2034		521,056
		AMSR
	5,100,000	Series 2020-SFR3^(f)	4.99%	09/17/2037		4,908,204
	5,000,000	Series 2021-SFR1^(f)	4.61%	06/17/2038		4,307,586
		AREIT Trust
	1,265,000	Series 2019-CRE3^(f)(g)	30D SOFR + 2.76%	07/14/2022		1,180,349
		BAMLL Commercial Mortgage Securities Trust
	1,000,000	Series 2018-DSNY^(f)(g)	1M SOFR + 1.40%	09/15/2034		995,300
	683,000	Series 2019-AHT^(f)(g)	2.57%	03/15/2034		673,071
		BANK
	10,291,000	Series 2018-BN12^(f)(g)(n)	1.50%	05/15/2061		490,234
	165,000	Series 2022-BNK39^(f)	2.50%	01/15/2032		96,154
	660,000	Series 2022-BNK39	3.18%	01/15/2032		565,329
		BANK 2019-BNK23
	330,000	Series 2019-BN23	2.92%	12/15/2052		294,811
		BANK 2020-BNK27
	16,875,000	Series 2020-BN27^(f)(g)(n)	0.72%	04/15/2030		607,956
		BANK 2021-BNK35
	316,000	Series 2021-BN35	2.29%	07/15/2031		262,970
		BANK 2021-BNK37
	381,000	Series 2021-BN37^(g)	3.11%	11/15/2031		285,733
		Bank of America Merrill Lynch Commercial Mortgage Trust 2016-UBS10
	1,090,000	Series 2016-UB10^(g)	4.83%	07/15/2049		1,022,695
		BBCMS Mortgage Trust
	519,000	Series 2022-C17	4.44%	09/15/2055		498,517
		BBCMS Trust
	3,000,000	Series 2018-CBM^(f)(g)	1M SOFR + 3.85%	07/15/2037		2,704,643
		Benchmark Mortgage Trust
	9,341,864	Series 2018-B2^(g)(n)	0.45%	02/15/2051		115,579
	600,000	Series 2018-B2^(g)	4.29%	02/15/2051		496,674

See Notes to Financial Statements.

44	(888) 848-7569 \| www.rivernorth.com

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
$	20,195,952	Series 2018-B4^(g)(n)	0.46%	06/15/2028	$	285,145
	1,589,000	Series 2018-B4^(f)(g)	2.75%	07/17/2051		1,179,732
	1,130,000	Series 2019-B9^(g)	4.97%	03/15/2052		907,312
	522,000	Series 2020-B18^(f)	4.14%	08/15/2025		475,333
	309,016	Series 2020-B19	1.69%	09/15/2025		289,939
	1,510,000	Series 2021-B31^(f)	2.25%	11/15/2031		753,517
	592,000	Series 2022-B32^(g)	3.41%	01/15/2032		484,152
		BF Mortgage Trust
	705,000	Series 2019-NYT^(f)(g)	1M SOFR + 3.05%	12/15/2035		414,958
		Blackbird Capital II Aircraft Lease, Ltd.
	1,129,605	Series 2021-1A^(f)	3.45%	07/15/2028		986,770
		BMO Mortgage Trust
	7,951,000	Series 2022-C1^(f)(g)(n)	1.76%	02/15/2055		844,340
	261,860	Series 2023-C5	5.74%	06/15/2056		261,245
		BX Commercial Mortgage Trust
	1,000,000	Series 2019-IMC^(f)(g)	1M SOFR + 2.01%	04/15/2034		997,872
		BX Trust
	636,000	Series 2019-OC11^(f)(g)	3.94%	12/09/2029		562,061
	2,964,000	Series 2019-OC11^(f)(g)	3.94%	12/06/2041		2,566,152
	900,000	Series 2021-VIEW^(f)(g)	1M SOFR + 4.044%	06/15/2036		800,324
		Cantor Commercial Real Estate Lending
	1,113,000	Series 2019-CF1^(f)(g)	4.12%	04/15/2024		710,220
		Carbon Capital VI Commercial Mortgage Trust
	359,976	Series 2019-FL2^(f)(g)	1M SOFR + 2.96%	10/15/2035		326,008
		Carvana Auto Receivables Trust
	5,300	Series 2021-N1^(f)	0.00%	01/10/2028		610,611
	5,250	Series 2021-N2^(f)	0.00%	03/10/2028		481,162
		Cascade MH Asset Trust
	4,601,000	Series 2019-MH1^(f)(g)	5.99%	10/25/2024		4,421,098
		Castlelake Aircraft Securitization Trust
	3,269,786	Series 2018-1^(f)	6.63%	06/15/2043		1,007,862
		Castlelake Aircraft Structured Trust
	2,750,000	Series 2019-1A^(f)	0.00%	04/15/2039		68,750
		Castlelake Aircraft Structured Trust 2021-1
	1,089,112	Series 2021-1A^(f)	7.00%	01/15/2046		911,152
		Cathedral Lake VIII, Ltd.
	1,000,000	Series 2021-8A^(f)(g)	3M SOFR + 2.88%	01/20/2035		1,012,628
	1,000,000	Series 2021-8A^(f)(g)	3M SOFR + 3.68%	01/20/2035		981,179

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
		CFCRE Commercial Mortgage Trust
$	432,966	Series 2016-C6	2.95%	08/10/2026	$	411,469
	3,162,566	CGCMT 2014-GC25 XA		10/10/2047		3,601
		CIFC Funding 2019-III, Ltd.
	650,000	Series 2021-3A^(f)(g)	3M SOFR + 7.06%	10/16/2034		654,196
		CIFC Funding, Ltd.
	850,000	Series 2021-1A^(f)(g)	3M SOFR + 6.26%	04/25/2033		847,689
	500,000	Series 2021-4A^(f)(g)	3M US L + 5.95%	07/15/2033		500,918
		Citigroup Commercial Mortgage Trust
	866,000	Series 2015-GC27^(f)(g)	4.42%	01/10/2025		780,997
	400,000	Series 2015-GC31^(g)	4.05%	06/10/2025		286,801
	344,000	Series 2016-GC36^(f)	2.85%	02/10/2049		143,474
	464,000	Series 2017-C4^(g)	4.10%	10/12/2027		422,792
	225,000	Series 2019-GC41	3.20%	08/10/2029		189,469
	1,433,000	Series 2020-555^(f)(g)	3.50%	12/10/2041		998,080
	546,000	Series 2022-GC48^(g)	4.58%	05/15/2032		530,508
		Citigroup Mortgage Loan Trust
	597,273	Series 2006-WF1^(m)	4.57%	03/25/2036		476,201
		Cologix Data Centers US Issuer LLC
	2,800,000	Series 2021-1A^(f)	5.99%	12/28/2026		2,499,881
	2,556,949	COMM 2015-CR22 XA		03/10/2048		10,639
		Commercial Mortgage Pass-Through Certificates
	8,410,265	Series 2014-UBS4^(f)	3.75%	08/10/2024		414,925
	11,000	Series 2014-UBS4^(f)(g)	0.00%	08/10/2047		1
	4,045,360	Series 2015-CR26^(g)(n)	0.93%	09/10/2025		35,470
		CSAB Mortgage-Backed Trust
	8,781,274	Series 2006-2^(m)	6.20%	09/25/2036		617,268
	119,726	Series 2007-1^(g)	5.90%	05/25/2037		28,418
	4,805,639	CSAIL 2015-C1 XA		04/15/2050		12,639
		CSAIL Commercial Mortgage Trust
	490,000	Series 2016-C6^(g)	4.92%	04/15/2026		434,842
	1,362,000	Series 2016-C6^(f)(g)	4.92%	01/15/2049		951,137
		CSMC
	832,000	Series 2021-B33^(f)(g)	3.65%	10/10/2031		690,801
		DBJPM 16-C1 Mortgage Trust
	1,309,000	Series 2016-C1^(g)	3.33%	05/12/2049		1,138,347
		Diamond Infrastructure Funding LLC
	2,000,000	Series 2021-1A^(f)	3.48%	12/20/2026		1,793,656
		DOLP Trust
	1,000,000	Series 2021-NYC^(f)(g)	3.70%	05/10/2031		711,732

See Notes to Financial Statements.

46	(888) 848-7569 \| www.rivernorth.com

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
		Dryden 38 Senior Loan Fund
$	1,000,000	Series 2018-38A^(f)(g)	3M SOFR + 5.86%	07/15/2030	$	948,366
		Dryden 40 Senior Loan Fund
	1,000,000	Series 2018-40A^(f)(g)	3M SOFR + 6.01%	08/15/2031		952,361
	500,000	Series 2018-40A^(f)(g)	3M SOFR + 3.36%	08/15/2031		493,524
		Dryden 42 Senior Loan Fund
	500,000	Series 2018-42A^(f)(g)	3M SOFR + 3.19%	07/15/2030		488,962
		Fannie Mae-Aces
	22,729,215	Series 2019-M12^(g)(n)	0.56%	06/25/2029		355,378
	14,053,096	Series 2019-M24^(g)(n)	1.15%	03/25/2031		760,818
	37,594,485	Series 2019-M7^(g)(n)	0.35%	04/25/2029		519,871
	27,570,466	Series 2020-M10^(g)(n)	0.82%	12/25/2027		396,039
	47,438,213	Series 2020-M10^(g)(n)	0.87%	07/25/2032		2,027,519
	13,227,646	Series 2020-M13^(g)(n)	1.30%	09/25/2030		586,891
	348,708,640	Series 2021-M17^(g)(n)	0.10%	07/25/2031		1,517,440
		FirstKey Homes
	1,100,000	Series 2020-SFR1^(f)	4.28%	08/19/2037		1,057,357
	2,680,432	Series 2022-SFR1^(f)	4.15%	05/17/2027		2,600,774
		FMC GMSR Issuer Trust
	6,000,000	Series 2021-GT1^(f)(g)	4.36%	07/25/2026		5,018,328
	5,000,000	Series 2021-GT2^(f)(g)	4.44%	10/25/2026		4,172,467
	42,975,672	FNA 2021-M23 X1		11/01/2031		821,458
		Fontainebleau Miami Beach Trust
	1,656,000	Series 2019-FBLU^(f)(g)	3.96%	12/12/2036		1,585,040
		FREMF Mortgage Trust
	890,367	Series 2015-KF07^(f)(g)	30D US SOFR + 5.06%	02/25/2025		883,671
	887,222	Series 2016-KF25^(f)(g)	30D US SOFR + 5.11%	05/25/2024		885,577
	752,864	Series 2018-KF56^(f)(g)	30D US SOFR + 5.91%	11/25/2028		657,247
	1,497,249	Series 2019-KF71^(f)(g)	30D US SOFR + 6.11%	10/25/2029		1,435,640
		FRTKL
	4,050,000	Series 2021-SFR1^(f)	4.11%	09/17/2026		3,602,976
		Ginnie Mae Strip
	7,077,858	Series 2020-3⁽ⁿ⁾	1.40%	09/16/2045		523,323
		Great Wolf Trust
	1,919,118	Series 2019-WOLF^(f)(g)	1M US L + 3.13%	12/15/2036		1,904,375
		1M CME TERM
	820,000	Series 2024-WOLF^(f)(g)	SOFR + 3.639%	03/15/2029		824,182
		GS Mortgage Securities Corp. Trust
	1,000,000	Series 2018-RIVR^(f)(g)	1M SOFR + 1.85%	07/15/2035		262,500
		1M SOFR +
	1,111,000	Series 2021-ARDN^(f)(g)	6.048%	11/15/2026		1,053,701

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
		GS Mortgage Securities Trust
$	241,136	Series 2011-GC5^(f)(g)(n)	1.95%	08/10/2044	$	2
	2,417,000	Series 2014-GC26^(f)(g)	4.51%	11/10/2047		1,719,028
	1,110,000	Series 2015-GC28^(f)(g)	4.31%	02/10/2048		1,013,545
	6,762,903	Series 2015-GS1^(g)(n)	0.77%	11/10/2025		64,166
	828,000	Series 2018-GS10^(g)	4.37%	07/10/2028		725,667
	1,954,000	Series 2018-TWR^(f)(g)	1M US L + 3.92%	07/15/2031		82,068
	636,000	Series 2020-GC45^(g)	3.41%	12/13/2029		543,688
		GSAA Home Equity Trust
	1,843,059	Series 2006-13^(g)	6.04%	07/25/2036		556,646
	442,021	Series 2006-18^(m)	6.18%	11/25/2036		110,966
	136,734	Series 2006-6^(g)	5.69%	03/25/2036		38,556
	795,045	Series 2007-2^(m)	6.60%	03/25/2037		184,503
		GSCG Trust
	675,000	Series 2019-600C^(f)(g)	3.99%	09/06/2024		7,105
		Hardee's Funding LLC
	945,000	Series 2018-1A^(f)	5.71%	06/20/2028		900,700
		Highbridge Loan Management 4-2014, Ltd.
	500,000	Series 2018-2014^(f)(g)	3M SOFR + 5.81%	01/28/2030		498,104
		Hilton USA Trust
	900,000	Series 2016-SFP^(f)	2.83%	11/05/2035		780,668
		HSI Asset Securitization Corp. Trust
	5,487,271	Series 2006-HE1^(g)	1M SOFR + 0.39%	10/25/2036		1,782,108
	1,206,832	Series 2007-NC1^(g)	1M SOFR + 0.29%	04/25/2037		806,111
		IMT Trust
	700,000	Series 2017-APTS^(f)(g)	3.50%	06/15/2024		692,282
		ITE Rail Fund Levered LP
	665,921	Series 2021-3A^(f)	2.21%	06/28/2027		600,988
		J.P. Morgan Chase Commercial Mortgage Securities Trust
	2,092,000	Series 2018-AON^(f)(g)	4.61%	07/05/2031		574,742
		JP Morgan BB Commercial Mortgage Securities Trust
	2,086,000	Series 2014-C23^(f)(g)	3.36%	11/18/2048		1,792,866
	3,766,580	Series 2015-C28^(g)(n)	0.91%	03/15/2025		21,293
	7,098,989	Series 2015-C30^(g)(n)	0.42%	07/15/2025		29,382
	2,669,712	Series 2015-C31^(g)(n)	0.80%	08/15/2025		22,737
		JP Morgan Chase Commercial Mortgage Securities Trust
	1,157,000	Series 2011-C3^(f)(g)	5.53%	02/15/2046		491,604
	1,010,000	Series 2018-WPT^(f)(g)	5.36%	07/05/2033		678,808
	235,000	Series 2019-UES^(f)	4.34%	05/05/2032		233,926
	1,135,000	Series 2019-UES^(f)(g)	4.45%	05/05/2032		1,126,973

See Notes to Financial Statements.

48	(888) 848-7569 \| www.rivernorth.com

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
		JP Morgan Mortgage Acquisition Corp.
$	169,255	Series 2006-CH2^(m)	5.46%	09/25/2029	$	102,767
		JP Morgan Mortgage Acquisition Trust
	3,328,749	Series 2006-RM1^(g)	1M SOFR + 0.59%	08/25/2036		1,487,074
		JPMBB Commercial Mortgage Securities Trust
	16,089,901	Series 2014-C24^(g)(n)	0.81%	09/17/2047		18,721
	1,110,000	Series 2014-C26^(f)(g)	3.86%	12/15/2024		924,069
	519,000	Series 2015-C27^(g)	4.30%	02/15/2025		420,096
		JPMCC Commercial Mortgage Securities Trust
	486,000	Series 2017-JP7^(g)	3.63%	07/15/2027		409,917
		Kestrel Aircraft Funding, Ltd.
	299,909	Series 2018-1A^(f)	4.25%	10/15/2025		280,370
		Laurel Road Prime Student Loan Trust
	13,992,385	Series 2020-A^(f)	0.00%	11/25/2050		1,229,987
		LCM 28, Ltd.
	1,000,000	Series 2018-28A^(f)(g)	3M SOFR + 6.01%	10/20/2030		892,469
		LCM Loan Income Fund I Income Note Issuer, Ltd.
	500,000	Series 2018-27A^(f)(g)	3M SOFR + 5.86%	07/16/2031		425,688
		LCM XIV LP
	1,000,000	Series 2018-14A^(f)(g)	3M SOFR + 3.01%	07/20/2031		937,908
	750,000	Series 2018-14A^(f)(g)	3M SOFR + 5.76%	07/20/2031		612,707
		LCM XVII LP
	1,000,000	Series 2018-17A^(f)(g)	3M SOFR + 6.26%	10/15/2031		814,456
		LoanCore Issuer, Ltd.
	375,000	Series 2021-CRE5^(f)(g)	1M CME TERM SOFR + 2.46448%	07/15/2036		357,793
		LSTAR Commercial Mortgage Trust
	1,150,000	Series 2017-5^(f)(g)	4.67%	03/10/2027		849,562
		MACH 1 Cayman, Ltd.
	818,446	Series 2019-1^(f)	3.47%	08/15/2026		720,720
		Madison Park Funding XLV, Ltd.
	600,000	Series 2021-45A^(f)(g)	3M SOFR + 6.61%	07/15/2034		606,527
		Madison Park Funding XXXVIII, Ltd.
	1,000,000	Series 2021-38A^(f)(g)	3M SOFR + 6.26%	07/17/2034		1,003,961
		Master Asset Backed Securities Trust
	3,861,333	Series 2006-NC3^(g)	1M US L + 0.21%	10/25/2036		1,948,358

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
		Merrill Lynch Mortgage Investors Trust
$	9,852,466	Series 2006-RM3^(g)	1M SOFR + 0.59%	06/25/2037	$	2,124,488
		MetroNet Infrastructure Issuer LLC
	1,000,000	Series 2023-1A^(f)	8.01%	02/20/2028		1,013,902
		MFT Trust
	2,010,000	Series 2020-ABC^(f)(g)	3.48%	02/10/2030		824,654
		Morgan Stanley Bank of America Merrill Lynch Trust
	822,000	Series 2015-C21^(g)	4.12%	02/15/2025		665,935
	1,100,000	Series 2017-C34^(f)	2.70%	10/15/2027		636,688
		Morgan Stanley Capital I Trust
	1,061,222	Series 2016-UB11 XA^(g)(n)	1.44%	08/15/2026		27,950
	765,000	Series 2018-H4^(f)	3.00%	12/15/2028		582,210
	1,117,000	Series 2018-L1^(g)	4.78%	10/15/2028		962,534
	750,000	Series 2019-H7	4.13%	07/15/2029		656,738
	826,000	Series 2021-L6^(g)	3.46%	07/15/2031		637,494
	10,249,000	Series 2021-L7^(f)(g)(n)	0.92%	10/15/2031		583,691
		Morgan Stanley Mortgage Loan Trust
	325,638	Series 2007-3XS^(m)	6.20%	01/25/2047		118,207
		Mosaic Solar Loan Trust
	50,873	Series 2017-1A^(f)	4.45%	06/20/2042		48,909
	223,022	Series 2018-1A^(f)	4.01%	08/20/2030		208,974
	361,031	Series 2020-2A^(f)	3.00%	06/20/2025		331,813
		MVW 2021-1W LLC
	422,134	Series 2021-1WA^(f)	1.94%	01/22/2041		390,153
	489,675	Series 2021-1WA^(f)	3.17%	01/22/2041		450,829
		Navient Private Education Refi Loan Trust
	412,867	Series 2018-A^(f)	3.68%	11/17/2025		393,698
		NJ Trust
	275,000	Series 2023-GSP^(f)(g)	6.48%	01/06/2029		287,732
		Octagon Investment Partners 20-R, Ltd.
	1,500,000	Series 2019-4A^(f)(g)	3M SOFR + 7.06%	05/12/2031		1,448,165
		Octagon Investment Partners 26, Ltd.
	1,000,000	Series 2018-1A^(f)(g)	3M SOFR + 8.35%	07/15/2030		782,006
		Octagon Investment Partners 29, Ltd.
	500,000	Series 2020-1A^(f)(g)	3M SOFR + 3.36%	01/24/2033		498,424
	2,000,000	Series 2020-1A^(f)(g)	3M SOFR + 7.51%	01/24/2033		1,947,157
		Octagon Investment Partners 37, Ltd.
	500,000	Series 2018-2A^(f)(g)	3M US L + 2.85%	07/25/2030		486,051

See Notes to Financial Statements.

50	(888) 848-7569 \| www.rivernorth.com

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
		Octagon Investment Partners 40, Ltd.
$	500,000	Series 2021-1A^(f)(g)	3M SOFR + 7.26%	01/20/2035	$	481,721
		Octagon Investment Partners 42, Ltd.
	1,000,000	Series 2021-3A^(f)(g)	3M SOFR + 7.01%	07/15/2034		971,488
		Octagon Investment Partners 46, Ltd.
	1,000,000	Series 2021-2A^(f)(g)	3M SOFR + 6.86%	07/15/2036		893,424
		Octagon Investment Partners XVI, Ltd.
	500,000	Series 2018-1A^(f)(g)	3M US L + 3.00%	07/17/2030		487,565
	1,000,000	Series 2018-1A^(f)(g)	3M US L + 5.75%	07/17/2030		950,057
		Octagon Investment Partners XXI, Ltd.
	1,000,000	Series 2019-1A^(f)(g)	3M SOFR + 7.26%	02/14/2031		978,296
		Octagon Investment Partners XXII, Ltd.
	500,000	Series 2018-1A^(f)(g)	3M SOFR + 5.71%	01/22/2030		482,880
		OHA Credit Funding 3, Ltd.
	2,000,000	Series 2021-3A^(f)(g)	3M SOFR + 6.51%	07/02/2035		2,032,766
		OHA Credit Funding 5, Ltd.
	2,000,000	Series 2020-5A^(f)(g)	3M SOFR + 6.51%	04/18/2033		2,020,806
		Pagaya AI Debt Selection Trust
	207,537	Series 2021-2^(f)	3.00%	01/25/2029		202,371
	2,000,000	Series 2021-5^(f)	0.00%	08/15/2029		94,258
		Pagaya AI Debt Trust
	1,249,989	Series 2023-5^(f)	9.10%	04/15/2031		1,281,779
		PAGAYA AI Debt Trust
	461,506	Series 2022-2^(f)(g)	5.59%	01/15/2030		460,230
		People's Choice Home Loan Securities Trust
	5,000,000	Series 2005-4^(g)	1M US L + 0.65%	12/25/2035		3,225,894
		Progress Residential
	2,500,000	Series 2021-SFR3^(f)	4.75%	05/17/2026		2,264,345
		Progress Residential
	6,900,000	Series 2021-SFR8^(f)	4.01%	10/17/2026		6,155,861
	5,000,000	Series 2024-SFR2^(f)(g)	3.65%	04/17/2029		4,265,283
		Retained Vantage Data Centers Issuer LLC
	2,500,000	Series 2023-1A^(f)	5.75%	09/15/2028		2,347,800
		RR 2, Ltd.
	1,000,000	Series 2021-2A^(f)(g)	3M SOFR + 6.06%	04/15/2036		981,746
		RR 6, Ltd.
	1,000,000	Series 2021-6A^(f)(g)	3M SOFR + 6.11%	04/15/2036		982,173
		Sapphire Aviation Finance I, Ltd.
	1,477,553	Series 2018-1A^(f)	5.93%	03/15/2025		951,299

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
		Sapphire Aviation Finance II, Ltd.
$	317,350	Series 2020-1A^(f)	3.23%	03/15/2027	$	279,582
		Signal Rail I LLC
	450,951	Series 2021-1^(f)	2.23%	08/17/2028		400,026
		SLG Office Trust
	1,100,000	Series 2021-OVA^(f)	2.85%	07/15/2031		822,690
		SMB Private Education Loan Trust
	143,033	Series 2018-B^(f)(g)	1M SOFR + 0.83%	08/15/2027		142,429
	968	Series 2021-A^(f)	0.00%	01/15/2053		2,552,505
		Sofi Alternative Consumer Loan Program
	50,000	Series 2021-2^(f)	0.00%	08/15/2030		419,465
		Sofi Professional Loan Program Trust
	80,000	Series 2018-C^(f)	0.00%	01/25/2048		623,420
		Sofi Professional Loan Program, LLC
	32,412	Series 2018-A^(f)	0.00%	02/25/2042		335,848
		SoFi Professional Loan Program, LLC
	300,000	Series 2017-D^(f)	3.61%	09/25/2040		271,947
		Sprite, Ltd.
	350,715	Series 2021-1^(f)	3.75%	10/15/2028		327,745
		Start, Ltd.
	443,017	Series 2018-1^(f)	4.09%	05/15/2025		408,890
		Sunnova Helios VII Issuer LLC
	1,060,600	Series 2021-C^(f)	2.63%	10/20/2028		845,607
		Sunnova Sol III Issuer LLC
	1,260,056	Series 2021-1^(f)	2.58%	04/30/2031		1,057,641
		Sunnova Sol Issuer LLC
	875,319	Series 2020-1A^(f)	3.35%	01/30/2030		761,116
		Thunderbolt Aircraft Lease, Ltd.
	1,000,386	Series 2017-A^(f)(m)	6.21%	04/15/2024		987,711
		Thunderbolt II Aircraft Lease, Ltd.
	4,464,286	Series 2018-A^(f)(m)	5.07%	09/15/2038		3,156,076
		TIF Funding II LLC
	299,500	Series 2021-1A^(f)	1.65%	02/20/2046		260,549
		Tricon Residential
	3,700,000	Series 2021-SFR1^(f)	4.13%	07/17/2026		3,327,882
		Trimaran Cavu 2019-1, Ltd.
	1,700,000	Series 2019-1A^(f)(g)	3M SOFR + 4.41%	07/20/2032		1,679,219
		TRTX Issuer, Ltd.
	311,656	Series 2021-FL4^(f)(g)	1M SOFR + 1.31%	03/15/2038		308,987
		UBS Commercial Mortgage Trust
	31,908,500	Series 2017-C3^(g)(n)	0.43%	08/15/2050		455,529

See Notes to Financial Statements.

52	(888) 848-7569 \| www.rivernorth.com

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
$	650,000	Series 2017-C4^(g)	4.24%	09/15/2027	$	597,118
	1,099,000	Series 2018-C8^(g)	4.68%	02/15/2028		946,390
	928,000	Series 2018-C9^(g)	4.95%	03/15/2028		666,546
		UBS-Barclays Commercial Mortgage Trust
	1,993,000	Series 2013-C5^(f)(g)	4.08%	03/12/2046		1,504,695
		Upstart Pass-Through Trust
	64,841	Series 2021-ST1^(f)	2.75%	02/20/2027		64,081
	144,721	Series 2021-ST2^(f)	2.50%	04/20/2027		141,443
		Upstart Securitization Trust
	2,000	Series 2021-2	0.00%	06/20/2031		100,288
		US Auto Funding 2021-1
	876,386	Series 2021-1A^(f)	2.20%	05/15/2026		804,985
		Vault DI Issuer LLC
	750,000	Series 2021-1A^(f)	2.80%	07/15/2026		656,496
		Velocity Commercial Capital Loan Trust
	214,841	Series 2018-2^(f)(g)	4.05%	09/25/2024		202,605
	424,276	Series 2019-1^(f)(g)	3.94%	01/25/2027		379,816
	218,915	Series 2019-1^(f)(g)	4.01%	07/25/2027		192,274
	172,465	Series 2019-1^(f)(g)	4.12%	11/25/2027		147,014
	1,315,113	Series 2021-2^(f)(g)	4.92%	12/25/2030		929,221
		VOLT XCVI LLC
	4,032,239	Series 2021-NPL5^(f)(m)	4.83%	03/27/2051		3,645,603
		Wachovia Bank Commercial Mortgage Trust
	898	Series 2006-C29^(g)(n)	0.30%	11/15/2048		3
		WAVE LLC
	1,210,740	Series 2019-1^(f)	7.00%	09/15/2044		384,099
		WB Commercial Mortgage Trust
	294,000	Series 2024-HQ^(f)(g)	6.13%	03/15/2028		296,660
		Wells Fargo Commercial Mortgage Trust
	1,245,000	Series 2015-NXS4^(g)	3.69%	11/15/2025		1,098,087
	1,000,000	Series 2016-C33^(f)	3.12%	03/15/2059		787,735
	5,628,945	Series 2016-C37^(f)(g)(n)	1.60%	12/15/2049		187,989
	356,000	Series 2016-NXS6	3.81%	11/15/2049		333,201
	1,100,000	Series 2018-C45	4.73%	06/15/2028		1,030,910
	134,000	Series 2020-C55	3.14%	02/15/2053		110,905
	830,000	Series 2021-C61	3.31%	11/15/2054		631,481
		WFRBS Commercial Mortgage Trust
	210,260	Series 2013-C14	3.49%	06/15/2046		197,906
		WF-RBS Commercial Mortgage Trust
	2,522,651	Series 2014-C21^(g)(n)	0.97%	08/15/2047		1,398
	3,362,759	Series 2014-C22^(g)(n)	0.76%	09/15/2057		3,967

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
		Willis Engine Structured Trust V
$	783,063	Series 2020-A^(f)	3.23%	03/15/2045	$	705,355
		Willis Engine Structured Trust VI
	1,888,854	Series 2021-A^(f)	7.39%	05/15/2046		1,727,351

TOTAL NON-AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $266,931,044)						212,947,279

U.S. GOVERNMENT BONDS AND NOTES - 14.78%
	2,000,000	U.S. Treasury Bonds	4.00%	02/15/2034		1,967,187
	65,400,000	U.S. Treasury Bonds	4.75%	11/15/2043		67,862,719
	47,200,000	U.S. Treasury Bonds	4.25%	02/15/2054		46,429,313
	52,000,000	U.S. Treasury Notes	4.63%	02/28/2026		51,961,406
	17,000,000	U.S. Treasury Notes	4.00%	01/31/2029		16,827,344

TOTAL U.S. GOVERNMENT BONDS AND NOTES
(Cost $183,102,932)						185,047,969

MORTGAGE-BACKED SECURITIES - 2.47%
		Fannie Mae Pool
	2,923,475	Series 2021-	2.50%	08/01/2051		2,457,529
	2,586,123	Series 2023-	2.50%	03/01/2052		2,169,252
	2,503,907	Series 2023-	2.50%	04/01/2052		2,088,361
	1,371,042	Series 2023-	6.00%	05/01/2053		1,392,345
	2,111,350	Series 2023-	6.00%	10/01/2053		2,144,921
		Freddie Mac Pool
	2,284,027	Series 2022-	4.50%	09/01/2052		2,175,810
	954,711	Series 2023-	2.00%	02/01/2052		771,887
	1,573,948	Series 2023-	5.00%	05/01/2053		1,548,130
	2,124,280	Series 2023-	5.00%	06/01/2053		2,104,902
	1,936,967	Series 2023-	5.00%	07/01/2053		1,908,204
	3,596,700	Series 2023-	5.50%	08/01/2053		3,608,319
	1,423,376	Series 2023-	6.00%	11/01/2053		1,459,404
		Ginnie Mae I Pool
	2,958,370	Series 2012-	3.50%	09/15/2042		2,757,808
		Ginnie Mae II Pool
	2,745,066	Series 2021-	3.00%	11/20/2051		2,408,143
	2,232,873	Series 2022-	3.00%	04/20/2052		1,958,633

TOTAL MORTGAGE-BACKED SECURITIES
(Cost $30,904,946)						30,953,648

U.S. GOVERNMENT / AGENCY MORTGAGE BACKED SECURITIES - 15.37%
		Adjustable Rate Mortgage Trust
	1,891,828	Series 2005-10^(g)	5.69%	01/25/2036		1,377,540

See Notes to Financial Statements.

54	(888) 848-7569 \| www.rivernorth.com

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
		Alternative Loan Trust
$	122,364	Series 2005-20CB	5.50%	07/25/2035	$	97,180
	57,343	Series 2005-54CB	5.50%	11/25/2035		32,250
	591,599	Series 2005-85CB^(g)	1M US L + 1.10%	02/25/2036		449,644
			21.63% - 3.67 x
	124,936	Series 2005-85CB^(g)	1M US L	02/25/2036		92,506
	175,969	Series 2005-86CB	5.50%	02/25/2036		101,760
	132,829	Series 2005-9CB^(g)	1M US L + 0.50%	05/25/2035		111,576
	235,905	Series 2005-9CB^(g)(n)	5.05% - 1M US L	05/25/2035		5,210
	1,013,934	Series 2006-15CB	6.50%	06/25/2036		474,973
	98,091	Series 2006-30T1	6.25%	11/25/2036		73,264
	93,536	Series 2006-32CB	5.50%	11/25/2036		51,889
			28.06% - 4.6 x 1M
	220,312	Series 2006-36T2^(g)	US L	12/25/2036		139,573
	803,911	Series 2007-19	6.00%	08/25/2037		393,198
	2,686,675	Series 2007-20	6.25%	08/25/2047		1,407,672
	747,788	Series 2007-23CB^(g)	1M US L + 0.50%	09/25/2037		293,541
	714,013	Series 2007-23CB^(g)(n)	6.39% - 1M SOFR	09/25/2037		93,289
		American Home Mortgage Investment Trust
	157,985	Series 2007-A^(f)(m)	6.60%	01/25/2037		24,126
		Banc of America Funding
	1,526,459	Series 2014-R8^(f)(g)	1M SOFR + 0.35%	12/26/2024		1,241,259
		Banc of America Funding Trust
	26,950	Series 2006-2	5.50%	03/25/2036		25,759
		BCAP, LLC Trust
	96,243	Series 2007-AA2^(g)	7.50%	04/25/2037		53,067
	62,443	Series 2007-AA2	6.00%	04/25/2037		28,475
	4,614,334	Series 2010-RR6^(f)(g)	1.57%	07/26/2036		2,167,214
		Bear Stearns ALT-A Trust
	720,837	Series 2006-6^(g)	4.20%	11/25/2036		330,290
		Bear Stearns Asset-Backed Securities Trust
	1,118,608	Series 2006-AC1^(m)	6.25%	02/25/2036		529,276
		Bear Stearns Structured Products, Inc.
	7,014,764	Series 2008-R2^(f)(g)	3.93%	06/25/2047		5,940,668
		Chase Mortgage Finance Trust
	3,122,876	Series 2007-S2	6.00%	03/25/2037		1,732,683
	333,440	Series 2007-S3	5.50%	05/25/2037		3
	4,309,069	Series 2007-S4	6.00%	06/25/2037		1,816,603
		ChaseFlex Trust Series
	3,287,997	Series 2007-M1^(g)	1M SOFR + 0.34%	08/25/2037		2,539,518
		Citicorp Mortgage Securities Trust
	288,739	Series 2007-1	6.00%	01/25/2037		256,017

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
		Citigroup Mortgage Loan Trust
$	70,091	Series 2009-12^(f)	5.50%	11/25/2035	$	56,467
	173,710	Series 2009-4^(f)(g)	5.48%	05/25/2035		161,708
		CitiMortgage Alternative Loan Trust
	298,030	Series 2007-A1	6.00%	01/25/2037		261,239
	58,704	Series 2007-A1^(g)(n)	5.40% - 1M US L	01/25/2037		2,956
	43,150	Series 2007-A3^(g)	6.00%	03/25/2037		38,574
	99,301	Series 2007-A3^(g)(n)	5.40% - 1M US L	03/25/2037		4,956
	302,089	Series 2007-A6	5.50%	06/25/2037		255,629
		Connecticut Avenue Securities Trust
	3,618,632	Series 2019-R05^(f)(g)	30D US SOFR + 4.21%	07/25/2039		3,771,530
	4,250,000	Series 2022-R02^(f)(g)	30D US SOFR + 7.65%	01/25/2027		4,645,670
	3,685,000	Series 2022-R03^(f)(g)	30D US SOFR + 9.85%	03/25/2042		4,257,548
	4,125,000	Series 2023-R06^(f)(g)	30D US SOFR + 3.90%	07/25/2043		4,367,344
		Countrywide Home Loan Mortgage Pass-Through Trust
	1,138,692	Series 2005-HYB7^(g)	4.33%	11/20/2035		1,015,695
	20,308	Series 2005-J4	5.50%	11/25/2035		16,432
	1,151,740	Series 2006-18	6.00%	12/25/2036		638,301
	134,965	Series 2007-17	6.00%	10/25/2037		94,393
	199,335	Series 2007-3	6.00%	04/25/2037		96,746
	222,805	Series 2007-7	5.75%	06/25/2037		109,483
		Credit Suisse First Boston Mortgage Securities Corp.
	41,552	Series 2005-10	5.50%	11/25/2035		30,665
	25,496	Series 2005-8	5.50%	08/25/2025		19,581
	4,004,198	Series 2005-9	6.00%	10/25/2035		1,238,200
		Credit Suisse Mortgage Capital Certificates
	1,719,974	Series 2006-2	5.75%	03/25/2036		916,855
		CSMC
	900,000	Series 2021-NQM6^(f)(g)	2.58%	07/25/2066		602,658
		CSMC Mortgage-Backed Trust
	143,580	Series 2006-1	6.00%	02/25/2036		43,828
	13,043	Series 2006-4	5.50%	03/25/2038		7,137
	792,419	Series 2006-5	6.25%	06/25/2036		144,076
	59,649	Series 2006-9	6.00%	11/25/2036		36,121
	3,841	Series 2007-2	5.00%	03/25/2037		2,883
		Deutsche Alt-A Securities, Inc. Mortgage Loan Trust
	173,119	Series 2005-6^(g)(n)	5.08% - 1M US L	12/25/2035		7,084

See Notes to Financial Statements.

56	(888) 848-7569 \| www.rivernorth.com

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
$	75,608	Series 2005-6^(g)	1M US L + 1.40%	12/25/2035	$	59,833
		Deutsche Mortgage Securities, Inc. Mortgage Loan Trust
	93,919	Series 2006-PR1^(f)(g)	12.12% - 1M US L	04/15/2036		80,134
		Fannie Mae Interest Strip
	5,716,922	Series 2014-419⁽ⁿ⁾	3.50%	04/25/2044		843,135
		Fannie Mae Pool
	3,857,685	Series 2021-	3.00%	10/01/2046		3,399,948
	1,912,379	Series 2021-	3.00%	12/01/2048		1,675,178
	1,943,516	Series 2021-	4.00%	06/01/2049		1,836,029
	2,362,932	Series 2021-	2.50%	12/01/2051		1,960,436
	3,216,274	Series 2022-	3.50%	11/01/2050		2,923,846
	1,532,502	Series 2022-	5.00%	07/01/2052		1,497,168
	3,000,000	Series Pool #BL4424	2.14%	10/01/2029		2,645,752
	3,000,000	Series Pool #BL5156	2.37%	12/01/2029		2,655,154
		Fannie Mae REMICS
	4,890,113	Series 2014-1^(g)(n)	5.79% - 30D US SOFR	02/25/2044		456,550
	5,409,051	Series 2015-54^(g)(n)	6.036% - 30D US SOFR	07/25/2045		623,134
	8,745,412	Series 2020-74^(g)(n)	4.10% - 30D US SOFR	10/25/2050		355,320
	18,105,745	Series 2020-77^(g)(n)	4.10% - 30D SOFR	11/25/2050		660,239
	2,130,048	Series 2021-48^(g)(n)	3.65% - 30D US SOFR	08/25/2051		42,622
	14,476,641	Series 2021-56⁽ⁿ⁾	2.50%	09/25/2051		1,789,265
		Federal Home Loan Mortgage Corp. Pool
	101,581	Series Pool #G01840	5.00%	07/01/2035		102,281
	39,056	Series Pool #G04817	5.00%	09/01/2038		39,326
		Federal Home Loan Mortgage Corp. REMICS
	534,593	Series 2003-2722^(g)	9.89% - 1M US L	12/15/2033		531,303
	96,021	Series 2005-R003	5.50%	10/15/2035		94,513
	770,195	Series 2006-3244^(g)(n)	6.66% - 1M US L	11/15/2036		65,976
	36,206	Series 2007-3261^(g)(n)	6.43% - 1M US L	01/15/2037		2,865
	79,618	Series 2007-3262^(g)(n)	6.40% - 1M US L	01/15/2037		3,961
	313,323	Series 2007-3301^(g)(n)	6.10% - 1M US L	04/15/2037		22,010
	229,273	Series 2007-3303^(g)(n)	6.10% - 1M US L	04/15/2037		17,289
	55,561	Series 2007-3382^(g)(n)	6.00% - 1M US L	11/15/2037		3,074
	200,601	Series 2007-3384^(g)(n)	6.31% - 1M US L	08/15/2036		15,036
	65,038	Series 2007-3384^(g)(n)	6.39% - 1M US L	11/15/2037		3,437
	28,334	Series 2008-3417^(g)(n)	6.18% - 1M US L	02/15/2038		1,824
	79,968	Series 2008-3423^(g)(n)	5.65% - 1M US L	03/15/2038		4,056
	1,166,950	Series 2008-3423^(g)(n)	6.00% - 1M US L	03/15/2038		3,598
	688,647	Series 2009-3510^(g)(n)	6.75% - 1M US L	02/15/2037		49,147
	202,269	Series 2009-3523^(g)(n)	6.00% - 1M US L	04/15/2039		13,053

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
$	35,911	Series 2009-3524^(g)(n)	3.41%	06/15/2038	$	33,522
	3,183	Series 2009-3549^(g)(n)	5.80% - 1M US L	07/15/2039		201
	355,701	Series 2009-3560^(g)(n)	6.40% - 1M US L	11/15/2036		14,624
	133,053	Series 2010-3641	4.50%	03/15/2040		131,071
	197,497	Series 2010-3726^(g)(n)	6.05% - 1M US L	09/15/2040		16,228
	593,762	Series 2010-3728^(g)(n)	4.45% - 1M US L	09/15/2040		14,602
	241,734	Series 2010-3779	3.50%	12/15/2030		232,974
	48,922	Series 2010-3779	4.00%	12/15/2030		47,818
	238,702	Series 2010-3779	4.50%	12/15/2040		229,909
	27,133	Series 2011-3786^(g)	9.50% - 1M US L	01/15/2041		19,320
	151,994	Series 2011-3808	3.50%	02/15/2031		146,407
	418,133	Series 2011-3815^(g)(n)	5.85% - 1M US L	02/15/2041		27,424
	133,473	Series 2011-3824	3.50%	03/15/2031		128,566
	212,267	Series 2011-3824^(g)(n)	7.10% - 1M US L	08/15/2036		21,616
	234,638	Series 2011-3863	5.50%	08/15/2034		233,462
	302,749	Series 2011-3864^(g)	9.20% - 1M US L	05/15/2041		224,328
	256,021	Series 2011-3871	5.50%	06/15/2041		255,770
	236,213	Series 2011-3872^(g)(n)	5.95% - 1M US L	06/15/2041		15,559
	1,604,120	Series 2011-3910	5.00%	08/15/2041		1,587,640
	1,018,507	Series 2011-3924^(g)(n)	6.00% - 1M US L	09/15/2041		52,362
	1,388,859	Series 2012-3^(g)(n)	5.95% - 1M US L	02/25/2042		119,665
	758,174	Series 2013-4170^(g)	4.05% - 1M US L	01/15/2033		661,998
	2,097,207	Series 2013-4239	0.00%	07/15/2043		1,178,376
	3,763,914	Series 2015-4440	2.50%	02/15/2045		3,254,611
		Federal National Mortgage Association Pool
	27,180	Series Pool #555743	5.00%	09/01/2033		27,332
	32,427	Series Pool #735382	5.00%	04/01/2035		32,610
	91,057	Series Pool #735383	5.00%	04/01/2035		91,570
	57,864	Series Pool #735484	5.00%	05/01/2035		58,190
	18,178	Series Pool #AH4437	4.00%	01/01/2041		17,039
		Federal National Mortgage Association REMICS
	15,404	Series 2004-46^(g)(n)	6.00% - 1M US L	03/25/2034		175
	117,147	Series 2006-101^(g)(n)	6.47% - 30D US SOFR	10/25/2036		10,756
	336,570	Series 2006-123^(g)(n)	6.32% - 1M US L	01/25/2037		30,628
	1,540,029	Series 2006-92^(g)(n)	6.47% - 30D US SOFR	10/25/2036		142,857
	45,264	Series 2007-102^(g)(n)	6.40% - 1M US L	11/25/2037		2,753
	36,879	Series 2007-108^(g)(n)	6.36% - 1M US L	12/25/2037		2,143
	5,821	Series 2007-30^(g)(n)	6.11% - 1M US L	04/25/2037		347
	218,395	Series 2007-38^(g)(n)	6.08% - 1M US L	05/25/2037		9,432
	8,945	Series 2007-51^(g)(n)	6.10% - 1M US L	06/25/2037		421
	25,193	Series 2007-53^(g)(n)	6.10% - 1M US L	06/25/2037		1,334
	229,902	Series 2007-57^(g)(n)	6.62% - 1M US L	10/25/2036		19,756
	47,316	Series 2007-68^(g)(n)	6.65% - 1M US L	07/25/2037		3,413

See Notes to Financial Statements.

58	(888) 848-7569 \| www.rivernorth.com

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
$	357,684	Series 2008-3^(g)(n)	6.46% - 1M US L	02/25/2038	$	23,137
	34,557	Series 2008-56^(g)(n)	6.06% - 1M US L	07/25/2038		1,272
	9,857	Series 2008-81	5.50%	09/25/2038		9,895
	103,630	Series 2009-111	5.00%	01/25/2040		102,598
	50,886	Series 2009-111^(g)(n)	6.25% - 1M US L	01/25/2040		4,796
	446,049	Series 2009-12^(g)(n)	6.60% - 1M US L	03/25/2036		27,709
	12,512	Series 2009-28^(g)(n)	6.00% - 1M US L	04/25/2037		612
	87,262	Series 2009-41	4.50%	06/25/2039		84,609
	38,985	Series 2009-42^(g)(n)	6.00% - 1M US L	06/25/2039		1,923
	71,224	Series 2009-47^(g)(n)	6.10% - 1M US L	07/25/2039		4,072
	28,967	Series 2009-62^(g)(n)	6.10% - 1M US L	08/25/2039		755
	30,637	Series 2009-66^(g)(n)	5.80% - 1M US L	02/25/2038		1,911
	24,873	Series 2009-68^(g)(n)	5.25% - 1M US L	09/25/2039		1,026
	67,857	Series 2010-11^(g)(n)	4.80% - 1M US L	02/25/2040		3,330
	15,085	Series 2010-111^(g)(n)	6.00% - 1M US L	10/25/2040		747
	41,701	Series 2010-112	4.00%	10/25/2040		39,137
	63,875	Series 2010-115^(g)(n)	6.60% - 1M US L	11/25/2039		5,228
	840,442	Series 2010-115^(g)(n)	6.00% - 1M US L	10/25/2040		82,466
	1,983,163	Series 2010-123^(g)(n)	6.05% - 1M US L	11/25/2040		193,928
	341,588	Series 2010-15^(g)(n)	4.95% - 1M US L	03/25/2040		16,267
	20,814	Series 2010-34^(g)(n)	4.93% - 1M US L	04/25/2040		568
	26,008	Series 2010-4^(g)(n)	6.23% - 1M US L	02/25/2040		1,560
	33,990	Series 2010-58^(g)	12.47% - 1M US L	06/25/2040		30,045
	1,158,323	Series 2010-75	4.50%	07/25/2040		1,118,692
	91,569	Series 2010-9^(g)(n)	4.75% - 1M US L	02/25/2040		2,719
	16,740	Series 2010-9^(g)(n)	5.30% - 1M US L	02/25/2040		759
	5,003	Series 2010-90^(g)(n)	6.00% - 1M US L	08/25/2040		340
	122,258	Series 2011-16	3.50%	03/25/2031		117,631
	83,031	Series 2011-25	3.00%	04/25/2026		81,143
	142,025	Series 2011-29	3.50%	04/25/2031		136,626
	1,573,245	Series 2012-106^(g)(n)	6.16% - 1M US L	10/25/2042		135,610
	262,964	Series 2012-124^(g)	7.79% - 1M US L	11/25/2042		175,085
	100,616	Series 2012-29^(g)(n)	6.00% - 1M US L	04/25/2042		7,163
	290,395	Series 2012-32⁽ⁿ⁾	5.00%	04/25/2042		43,010
	1,487,209	Series 2012-65^(g)(n)	5.98% - 1M US L	06/25/2042		138,706
	609,319	Series 2018-21	0.00%	04/25/2048		461,364
		First Horizon Alternative Mortgage Securities Trust
	457,491	Series 2005-FA6	5.50%	09/25/2035		240,937
		First Horizon Mortgage Pass-Through Trust
	456,671	Series 2007-AR3^(g)	4.82%	11/25/2037		207,598
		Freddie Mac Pool
	3,656,237	Series 2021-	2.00%	11/01/2050		2,968,112
	1,488,348	Series 2022-	3.00%	03/01/2052		1,295,748

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
		Freddie Mac REMICS
$	2,000,495	Series 2011-3972^(g)(n)	5.79% - 30D US SOFR	12/15/2041	$	167,378
	2,058,972	Series 2020-5007^(g)(n)	5.99% - 30D US SOFR	08/25/2050		247,097
	3,916,671	Series 2020-5041⁽ⁿ⁾	2.00%	11/25/2050		481,020
	11,031,811	Series 2020-5057⁽ⁿ⁾	3.00%	11/25/2050		1,695,044
	8,416,951	Series 2021-5070⁽ⁿ⁾	3.50%	02/25/2051		1,397,001
		Freddie Mac STACR REMIC Trust
	4,300,000	Series 2020-DNA6^(f)(g)	30D US SOFR + 5.65%	12/25/2050		4,732,553
	2,500,000	Series 2021-DNA1^(f)(g)	30D US SOFR + 4.75%	01/25/2051		2,649,047
	2,750,000	Series 2021-HQA2^(f)(g)	30D US SOFR + 3.15%	12/25/2033		2,969,064
		Freddie Mac STACR REMIC Trust 2020-DNA2
	3,000,000	Series 2021-DNA2^(f)(g)	30D US SOFR + 6.00%	08/25/2033		3,440,792
		GCAT
	1,500,000	Series 2021-NQM4^(f)(g)	2.47%	08/25/2025		927,364
		Ginnie Mae II Pool
	4,816,258	Series 2021-	2.50%	10/20/2051		4,087,066
	1,440,742	Series 2021-	2.50%	11/20/2051		1,222,606
		Government National Mortgage Association
	23,867	Series 2004-83^(g)(n)	6.08% - 1M US L	10/20/2034		1,103
	22,601	Series 2008-6^(g)(n)	6.46% - 1M US L	02/20/2038		14
	21,735	Series 2008-67^(g)(n)	6.00% - 1M US L	08/20/2038		7
	340,552	Series 2008-69^(g)(n)	7.63% - 1M US L	08/20/2038		20,369
	34,483	Series 2009-10^(g)(n)	6.65% - 1M US L	02/16/2039		2,637
	352,278	Series 2009-35	4.50%	05/20/2039		340,587
	1,451,437	Series 2009-58^(g)(n)	6.25% - 1M US L	06/20/2039		93,437
	24,095	Series 2009-6^(g)(n)	5.95% - 1M US L	02/20/2038		7
	690,223	Series 2009-75	5.00%	09/20/2039		678,904
	1,646,024	Series 2010-121^(g)(n)	6.00% - 1M US L	09/20/2040		163,867
	25,357	Series 2010-61^(g)(n)	6.44% - 1M SOFR	09/20/2039		1,201
	709,305	Series 2010-85^(g)	1M SOFR + 0.67%	07/20/2040		704,806
	36,100	Series 2010-98^(g)(n)	5.43%	03/20/2039		1,449
	18,952,747	Series 2010-H20^(g)(n)	1.43%	10/20/2060		451,415
	221,065	Series 2011-69	0.00%	05/20/2041		169,588
	705,263	Series 2011-71	4.50%	02/20/2041		689,346
	497,981	Series 2011-71^(g)(n)	5.40% - 1M US L	05/20/2041		32,047
	143,858	Series 2011-72^(g)(n)	6.15% - 1M US L	05/20/2041		9,822
	751,101	Series 2011-89^(g)(n)	5.45% - 1M US L	06/20/2041		49,030
	1,380,332	Series 2013-113^(g)(n)	6.25% - 1M US L	03/20/2043		40,280
	2,680,275	Series 2013-122^(g)(n)	6.10% - 1M US L	08/16/2043		264,216

See Notes to Financial Statements.

60	(888) 848-7569 \| www.rivernorth.com

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
$	2,039,062	Series 2013-148^(g)(n)	5.68% - 1M US L	10/16/2043	$	143,712
	2,060,523	Series 2013-186^(g)(n)	6.25% - 1M US L	02/16/2043		119,023
	1,658,409	Series 2014-156^(g)(n)	6.25% - 1M US L	10/20/2044		160,433
	3,293,589	Series 2014-4^(g)(n)	6.10% - 1M US L	01/16/2044		312,357
	4,137,692	Series 2014-41^(g)(n)	5.99% - 1M SOFR	03/20/2044		400,228
	1,569,479	Series 2014-5^(g)(n)	6.15% - 1M US L	07/20/2043		72,668
	2,663,604	Series 2014-95^(g)(n)	6.25% - 1M US L	06/16/2044		193,762
	9,949,116	Series 2016-162^(g)(n)	0.80%	09/16/2058		347,306
	1,512,355	Series 2016-89^(g)	1M SOFR + 0.56%	07/20/2046		1,488,552
	12,619,658	Series 2016-H21^(g)(n)	0.73%	09/20/2066		492,370
	4,493,909	Series 2018-97^(g)(n)	6.09% - 1M SOFR	07/20/2048		468,897
	473,688	Series 2019-112^(g)	1M SOFR + 0.51%	09/20/2049		464,794
	9,613,448	Series 2019-22^(g)(n)	5.49% - 1M SOFR	02/20/2045		952,741
	1,342,762	Series 2019-90^(g)	1M SOFR + 0.46%	07/20/2049		1,314,162
	4,376,317	Series 2019-92^(g)(n)	5.99% - 1M SOFR	07/20/2049		427,951
	17,887,744	Series 2019-H10^(g)(n)	0.01%	06/20/2069		965,148
	4,620,600	Series 2019-H18^(g)(n)	0.06%	11/20/2069		286,238
	8,813,750	Series 2020-112^(g)(n)	6.14% - 1M SOFR	08/20/2050		893,198
	16,152,645	Series 2020-146^(g)(n)	3.75% - 1M US L	10/20/2050		524,715
	12,329,100	Series 2020-146^(g)(n)	6.19% - 1M SOFR	10/20/2050		1,591,530
	11,395,248	Series 2020-167^(g)(n)	3.75% - 1M US L	11/20/2050		239,385
	17,361,351	Series 2020-168^(g)(n)	0.98%	12/16/2062		1,204,617
	4,351,019	Series 2020-188^(g)(n)	6.19% - 1M SOFR	11/20/2050		590,220
	18,419,068	Series 2020-H18^(g)(n)	0.06%	09/20/2070		1,173,311
	14,577,709	Series 2021-1⁽ⁿ⁾	2.50%	01/20/2051		1,963,476
	9,747,132	Series 2021-1^(g)(n)	6.19% - 1M SOFR	01/20/2051		1,239,689
	9,677,979	Series 2021-107^(g)(n)	3.75% - 1M US L	06/20/2051		324,218
	1,507,488	Series 2021-117⁽ⁿ⁾	3.50%	06/20/2051		259,632
	12,742,821	Series 2021-160⁽ⁿ⁾	2.50%	06/20/2051		1,314,590
	1,746,591	Series 2021-197⁽ⁿ⁾	3.50%	11/20/2051		304,499
	17,051,601	Series 2021-52^(g)(n)	0.72%	04/16/2063		934,731
	22,657,327	Series 2021-59^(g)(n)	2.60% - 30D US SOFR	04/20/2051		198,938
	12,723,092	Series 2021-7⁽ⁿ⁾	2.50%	01/20/2051		1,709,967
	12,744,813	Series 2021-76⁽ⁿ⁾	3.00%	08/20/2050		2,001,944
	11,574,433	Series 2021-77^(g)(n)	3.75% - 1M US L	05/20/2051		337,455
	14,973,313	Series 2021-77⁽ⁿ⁾	2.50%	05/20/2051		1,570,277
	5,818,241	Series 2021-89^(g)(n)	3.75% - 1M US L	05/20/2051		158,139
	9,069,286	Series 2021-97^(g)(n)	3.75% - 1M US L	06/20/2051		191,087
	27,975,212	Series 2021-97^(g)(n)	3M US L + 2.44%	06/20/2051		263,851
	12,805,991	Series 2021-H08^(g)(n)	0.04%	05/20/2071		344,621
	36,430,414	Series 2022-1^(g)(n)	2.65% - 30D US SOFR	01/20/2052		210,255
	26,637,357	Series 2022-48^(g)(n)	0.71%	01/16/2064		1,600,303
		GSR Mortgage Loan Trust
	890,613	Series 2006-2F	5.25%	02/25/2036		364,089
	1,537,602	Series 2007-2F	6.00%	03/25/2037		813,540

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
$	672,738	Series 2007-AR2^(g)	3.83%	05/25/2037	$	370,319
		Impac CMB Trust
	78,236	Series 2004-10^(g)	1M SOFR + 0.81%	03/25/2035		65,791
		Imperial Fund Mortgage Trust
	1,000,000	Series 2021-NQM4^(f)(g)	3.45%	01/25/2057		723,850
		IndyMac IMJA Mortgage Loan Trust
	947,480	Series 2007-A1	6.00%	08/25/2037		368,354
		IndyMac IMSC Mortgage Loan Trust
	4,670,817	Series 2007-F2	6.50%	07/25/2037		1,436,202
		JP Morgan Alternative Loan Trust
	152,492	Series 2005-S1	6.00%	12/25/2035		102,254
	20,084	Series 2006-S3^(m)	6.62%	08/25/2036		19,077
		JP Morgan Mortgage Trust
	773,473	Series 2007-S3	6.00%	07/25/2037		369,898
		JP Morgan Resecuritization Trust
	479,361	Series 2011-1^(f)(g)	6.00%	06/26/2037		375,226
	1,875,752	Series 2014-6^(f)(g)	1M SOFR + 0.32%	07/27/2046		1,786,269
		Lehman Mortgage Trust
	376,860	Series 2006-6	5.50%	10/25/2036		252,942
	3,847,276	Series 2006-7^(g)	1M US L + 0.25%	11/25/2036		285,536
	3,847,284	Series 2006-7^(g)(n)	7.75% - 1M US L	11/25/2036		299,038
	1,161,970	Series 2006-8^(g)	1M US L + 0.42%	12/25/2036		261,684
	1,159,735	Series 2006-8^(g)(n)	6.47% - 1M SOFR	12/25/2036		109,815
	253,142	Series 2007-10	6.50%	01/25/2038		70,791
		LHOME Mortgage Trust
	1,500,000	Series 2021-RTL2^(f)(m)	5.61%	06/25/2026		1,419,190
		Merrill Lynch Alternative Note Asset Trust
	687,842	Series 2007-F1	6.00%	03/25/2037		75,785
		Morgan Stanley Mortgage Loan Trust
	971,415	Series 2005-3AR^(g)	5.02%	07/25/2035		797,829
	2,142,030	Series 2006-11	6.00%	08/25/2036		1,292,475
	2,488,684	Series 2006-1AR^(g)	1M SOFR + 0.39%	02/25/2036		1,511,725
	586,215	Series 2006-7^(g)	5.21%	06/25/2036		331,593
	602,196	Series 2006-7	6.00%	06/25/2036		283,040
		Morgan Stanley Residential Mortgage Loan Trust
	260,947	Series 2020-RPL1^(f)(g)	5.69%	10/25/2060		258,581
		NewRez Warehouse Securitization Trust
	3,943,333	Series 2021-1^(f)(g)	1M SOFR + 5.36%	05/25/2055		3,949,526
		Nomura Asset Acceptance Corp. Alternative Loan Trust
	945,571	Series 2005-AP3^(g)	5.32%	08/25/2035		420,127

See Notes to Financial Statements.

62	(888) 848-7569 \| www.rivernorth.com

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
		PR Mortgage Loan Trust
$	5,914,123	Series 2014-1^(f)(g)	5.86%	10/25/2049	$	5,468,045
		Prime Mortgage Trust
	42,239	Series 2006-DR1^(f)	5.50%	05/25/2035		38,444
		RBSGC Structured Trust
	100,718	Series 2008-B^(f)	6.00%	06/25/2037		86,652
		Residential Accredit Loans, Inc.
	3,151,918	Series 2006-QA5^(g)	1M US L + 0.22%	07/25/2036		1,206,976
	1,137,406	Series 2006-QS10	6.50%	08/25/2036		958,287
	285,888	Series 2006-QS6	6.00%	06/25/2036		217,329
	712,186	Series 2006-QS7	6.00%	06/25/2036		541,558
	37,441	Series 2006-QS7^(g)	1M US L + 0.40%	06/25/2036		26,473
	112,323	Series 2006-QS7^(g)(n)	5.60% - 1M US L	06/25/2036		5,986
	48,151	Series 2006-QS8^(g)	1M US L + 0.45%	08/25/2036		35,108
	144,454	Series 2006-QS8^(g)(n)	5.55% - 1M US L	08/25/2036		8,922
	4,534	Series 2007-QS6^(g)	55.00% - 8.33 x 1M US L	04/25/2037		5,169
	418,183	Series 2007-QS9	6.50%	07/25/2037		324,648
	223,293	Series 2008-QR1	6.00%	08/25/2036		172,845
		Residential Asset Securitization Trust
	383,232	Series 2006-A1	6.00%	04/25/2036		177,322
	862,217	Series 2006-A2	6.00%	05/25/2036		355,172
	893,788	Series 2006-A6	6.50%	07/25/2036		272,217
	243,132	Series 2006-A8	6.00%	08/25/2036		134,235
	148,217	Series 2006-A8	6.50%	08/25/2036		41,573
	313,810	Series 2006-A8^(g)(n)	5.90% - 1M US L	08/25/2036		24,124
	1,330,623	Series 2007-A1	6.00%	03/25/2037		435,980
	56,376	Series 2007-A6	6.00%	06/25/2037		29,038
	2,535,081	Series 2007-A7	6.00%	07/25/2037		966,987
		Residential Funding Mortgage Securities I Trust
	352,830	Series 2006-S3	5.50%	03/25/2036		283,124
	71,524	Series 2006-S6	6.00%	07/25/2036		59,618
	194,693	Series 2007-S3	6.00%	03/25/2037		139,063
	106,673	Series 2007-S6	6.00%	06/25/2037		78,450
		Residential Mortgage Loan Trust
	3,250,000	Series 2020-1^(f)(g)	4.67%	01/26/2060		2,692,566
		Sequoia Mortgage Trust
	870,232	Series 2007-3^(g)	3.96%	07/20/2037		637,271
		Structured Adjustable Rate Mortgage Loan Trust
	492,038	Series 2005-15^(g)	4.76%	07/25/2035		260,346
		Structured Asset Securities Corp.
	130,859	Series 2005-RF1^(f)(g)	1M US L + 0.35%	03/25/2035		113,148
	130,859	Series 2005-RF1^(f)(g)(n)	0.00%	03/25/2035		145

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
		TBW Mortgage-Backed Trust
$	1,391,150	Series 2006-2	7.00%	07/25/2036	$	218,603
		Verus Securitization Trust
	2,300,000	Series 2019-INV3^(f)(g)	3.28%	11/25/2059		2,091,847
	1,500,000	Series 2021-4^(f)(g)	2.20%	07/25/2066		963,019
	1,400,000	Series 2021-6^(f)(g)	4.05%	10/25/2066		1,069,505
	2,000,000	Series 2021-7^(f)(g)	4.19%	10/25/2066		1,415,255
	7,706,000	Series 2022-4^(f)(g)	4.73%	04/25/2067		6,238,766
	1,593,462	Series 2023-3^(f)(m)	6.44%	03/25/2068		1,598,937
		Wachovia Mortgage Loan Trust, LLC Series Trust
	44,719	Series 2005-B^(g)	6.24%	10/20/2035		42,311
		Washington Mutual Alternative Mortgage Pass-Through Certificates
	36,327	Series 2005-9	5.50%	11/25/2035		27,783
	300,001	Series 2006-5	6.00%	07/25/2036		214,063
		Washington Mutual Mortgage Pass-Through Certificates Trust
	467,112	Series 2006-2	6.00%	03/25/2036		439,217
		Wells Fargo Alternative Loan Trust
	191,321	Series 2007-PA2^(g)	1M US L + 0.43%	06/25/2037		155,791
	191,321	Series 2007-PA2^(g)(n)	6.07% - 1M US L	06/25/2037		13,007
	103,585	Series 2007-PA3	5.75%	07/25/2037		87,383
	228,054	Series 2007-PA3	6.25%	07/25/2037		192,514

TOTAL U.S. GOVERNMENT / AGENCY MORTGAGE BACKED SECURITIES
(Cost $283,067,574)						192,532,439

Shares/Description			Value
Warrants - 0.00%^(l)
	219,520	Oas SA, Strike Price 1.00, Expires 05/16/2039^(c)		–

TOTAL WARRANTS
(Cost $0)				–

Short-Term Investments - 3.96%
Money Market Fund - 3.96%
	49,536,777	State Street Institutional Trust (7 Day Yield 5.25%)		49,536,777

TOTAL SHORT-TERM INVESTMENTS
(Cost $49,536,777)				49,536,777

See Notes to Financial Statements.

64	(888) 848-7569 \| www.rivernorth.com

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Shares/Description	Value
TOTAL INVESTMENTS - 99.62%
(Cost $1,414,682,512)	$	1,247,631,185
CASH SEGREGATED AT CUSTODIAN FOR FORWARD FOREIGN CURRENCY CONTRACTS - 0.04%		515,572
OTHER ASSETS IN EXCESS OF LIABILITIES - 0.34%		4,243,063
NET ASSETS - 100.00%	$	1,252,389,820

Investment Abbreviations:

LIBOR - London Interbank Offered Rate

LLC - Limited Liability Company

LP - Limited Partnership

SOFR - Secured Overnight Financing Rate Data

TI - Treasury Index

Rates:

1M US L - 1 Month LIBOR as of March 31, 2024 was 5.44%

3M US L - 3 Month LIBOR as of March 31, 2024 was 5.56%

1D SOFR - 1 Day SOFR as of March 31, 2024 was 5.34%

30D SOFR - 30 Day SOFR as of March 31, 2024 was 5.32%

1Y US TI - 1 Year TI as of March 31, 2024 was 5.03%

5Y US TI - 5 Year TI as of March 31, 2024 was 4.21%

10Y US TI - 10 Year TI as of March 31, 2024 was 4.20%

^(a)

Non-income producing security.

^(b)

Security does not have a market value or rate. Security will not be entitled to distributions in respect of principal or interest other than excess interest paid with respect to the mortgage loans.

^(c)

The Level 3 assets were a result of unavailable quoted prices from an active market or the unavailability of other significant observable inputs.

^(d)

Affiliated company. See Notes to Financial Statements.

^(e)

Security has no contractual maturity date, is not redeemable and contractually pays an indefinite stream of interest.

^(f)

Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities have been deemed liquid under procedures approved by the Fund's Board of Trustees and may normally be sold to qualified institutional buyers in transactions exempt from registration. Total fair value of Rule 144A securities amounts to $357,942,462, which represents approximately 28.58% of net assets as of March 31, 2024.

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/DoubleLine Strategic Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

^(g)

Variable rate investment. Interest rates reset periodically. Interest rate shown reflects the rate in effect at March 31, 2024. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description above. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above.

^(h)

Securities were purchased pursuant to Regulation S under the Securities Act of 1933, as amended, which exempts securities offered and sold outside of the United States from registration. Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, as amended, or pursuant to an exemption from registration. These securities have been deemed liquid under procedures approved by the Fund's Board of Trustees (the "Board"). As of March 31, 2024, the aggregate fair value of those securities was $23,120,573, representing 1.85% of net assets.

⁽ⁱ⁾

Pay-in-kind securities. Rate paid in-kind is shown in parenthesis.

^(j)

Security is currently in default.

^(k)

Issued with a zero coupon. Income is recognized through the accretion of discount.

^(l)

Less than 0.005%.

^(m)

Step up bond. Coupon changes periodically based upon a predetermined schedule. Interest rate disclosed is that which is in effect at March 31, 2024.

⁽ⁿ⁾

Interest only securities.

Futures Contracts:

Description	Contracts	Expiration Date	Notional Value		Value and Unrealized Appreciation/(Depreciation)
10-Yr U.S. Treasury Note Futures	230	June 2024	$	26,360,156	$	157,676
2-Yr U.S. Treasury Note Futures	30	June 2024		6,134,531		(23,048	)
US T-Bond Future	8	June 2024		963,500		(10,556	)
			$	33,458,187	$	124,072

Futures Contracts Sold:

Description	Contracts (Short)	Expiration Date	Notional Value		Value and Unrealized Appreciation/(Depreciation)
US Ultra T-Bond	(45)	June 2024	$	5,805,000	$	80,211
			$	5,805,000	$	80,211

See Notes to Financial Statements.

66	(888) 848-7569 \| www.rivernorth.com

RiverNorth/Oaktree High Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Shares/Description			Value

BUSINESS DEVELOPMENT COMPANIES - 2.03%
	1,100,000	Golub Capital BDC, Inc., 3.375%, 04/15/2024	$	1,099,492

TOTAL BUSINESS DEVELOPMENT COMPANIES
(Cost $1,098,944)				1,099,492

CLOSED-END FUNDS - 5.77%
	56,446	First Trust High Yield Opportunities 2027 Term Fund		820,725
	19,659	Nuveen Variable Rate Preferred & Income Fund		352,092
	337,948	Western Asset High Income Opportunity Fund, Inc.		1,317,998
	73,617	Western Asset Inflation-Linked Opportunities & Income Fund		635,315

TOTAL CLOSED-END FUNDS
(Cost $3,232,842)				3,126,130

COMMON STOCKS - 0.16%
	3,304	PHI Group, Inc.^(a)		88,646
	6	Toys R Us Propco Equity^(b)		33

TOTAL COMMON STOCKS
(Cost $65,834)				88,679

PREFERRED STOCKS - 0.14%
	3,018	MidCap Financial Investment Corp., 8.000%		76,567

TOTAL PREFERRED STOCKS
(Cost $76,341)				76,567

Principal Amount/Description

Rate

Maturity

Value

BANK LOANS - 14.70%^(c)

Great Britain - 0.85%

245,000

City Football Group Limited, TL

1M SOFR + 3.00%

07/09/2028

245,231

84,852

EG Group Limited TL 1L

3M SOFR + 5.50%

02/07/2025

84,215

131,271

Osmosis Buyer, Ltd., First Lien - Initial B Term Loan

3M US L + 2.75%, 0.50% Floor

06/17/2028

131,654

461,100

Luxembourg - 0.45%

241,839

Surf Holdings S.a r.l., First Lien - Dollar Tranche Term Loan

1M SOFR + 3.50%

03/05/2027

242,611

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/Oaktree High Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description

Rate

Maturity

Value

United States - 13.40%

36,401

Adtalem Global Education, Inc., First Lien - B Term Loan

3M US L + 3.00%, 0.75% Floor

08/12/2028

36,576

48,846

Advantage Sales & Marketing Inc., First Lien

3M SOFR + 4.50%

10/28/2027

49,002

122,188

Allied Universal Holdco LLC, First Lien - Initial U.S. Dollar Term Loan

1M US L + 3.75%, 0.50% Floor

05/15/2028

122,176

55,160

Amentum Government Services Holdings, LLC, First Lien

1M SOFR + 4.00%

02/07/2029

55,355

79,040

American Auto Auction Group, LLC, First Lien

3M SOFR + 5.00%

12/30/2027

78,719

51,675

American Rock Salt Company LLC, First Lien - Initial Term Loan

3M US L + 3.25%, 0.75% Floor

06/09/2028

45,323

42,915

Ankura Consulting Group LLC, First Lien - Closing Date Term Loan

3M US L + 4.00%, 0.75% Floor

03/17/2028

43,049

135,134

ARAGORN PARENT CORPORATION, TL

1M SOFR + 4.25%

06/15/2028

135,726

27,473

ASP Blade Holdings, Inc. TLB 1L

3M SOFR + 4.00%

10/07/2028

24,918

228,026

Astoria Energy LLC, First Lien - B Advance (2020) Term Loan

3M US L + 4.25%, 1.00% Floor

12/10/2027

228,738

138,145

Asurion LLC, First Lien - New B-8 Term Loan

1M SOFR + 3.25%

12/23/2026

135,678

155,881

BCP Renaissance Parent LLC, First Lien

3M SOFR + 3.50%, 1.00% Floor

10/31/2026

156,076

69,537

BCPE North Star US Holdco 2, Inc., First Lien - Initial Term Loan

3M US L + 3.75%, 0.75% Floor

06/09/2028

65,148

98,250

Bengal Debt Merger Sub, LLC, First Lien

3M SOFR + 3.25%

01/19/2029

92,143

25,000

Bengal Debt Merger Sub, LLC, Second Lien

3M SOFR + 6.00%

01/18/2030

20,492

25,415

Carnival Corporation TLB 1L

1M SOFR + 3.25%

10/06/2028

25,481

173,005

Charter Next Generation, Inc., First Lien

1M SOFR + 3.50%, 0.75% Floor

12/01/2027

173,516

122,813

Clydesdale Acquisition Holdings, Inc., First Lien

1M SOFR + 3.675%, 0.50% Floor

04/13/2029

123,120

121,875

Consilio/Skopima 5/21 Cov-Lite TLB

1M SOFR + 4.00%

05/12/2028

121,561

23,041

CPV Maryland LLC, First Lien - B Advance Term Loan

3M US L + 5.25%, 1.00% Floor

05/11/2028

22,897

132,979

CQP Holdco LP TLB

3M US L + 4.00%

06/05/2028

133,540

29,918

Directv Financing LLC, First Lien

1M SOFR + 5.25%, 0.75% Floor

08/02/2029

29,944

25,502

Diversitech Holdings, Inc.

3M SOFR + 3.75%

12/15/2028

25,542

242,500

DRW Holdings LLC, First Lien - Initial Term Loan

1M SOFR + 3.75%

03/01/2028

242,803

76,440

Electron BidCo, Inc. TL 1L

1M SOFR + 3.00%

10/07/2028

76,685

147,375

Fertitta Entertainment, LLC, First Lien

1M SOFR + 3.75%

01/13/2029

147,897

237,037

Flynn Restaurant Group LP, First Lien

1M SOFR + 4.25%, 0.50% Floor

12/04/2028

238,075

See Notes to Financial Statements.

68	(888) 848-7569 \| www.rivernorth.com

RiverNorth/Oaktree High Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description

Rate

Maturity

Value

10,000

GIP III Stetson I LP, First Lien - Initial Term Loan

2M US L + 4.25%

07/18/2025

10,050

158,027

GoTo Group, Inc., First Lien

1M SOFR + 4.75%

04/28/2028

134,075

242,542

Great Outdoors Group LLC, First Lien

1M SOFR + 3.75%, 0.75% Floor

03/05/2028

242,980

242,500

Greeneden U.S. Holdings I LLC, First Lien - Initial Dollar (2020) Term Loan

3M SOFR + 3.50%, 0.75% Floor

12/01/2027

243,495

236,017

Harbor Freight Tools USA, Inc., First Lien - Initial (2021) Term Loan

L + 2.75%, 0.50% Floor

10/19/2027

236,138

148,125

Houghton Mifflin Harcrt Co Tl 1L

1M SOFR + 5.25%

04/04/2029

147,199

61,110

Hudson River Trading LLC, First Lien

1M US L + 3.00%

03/20/2028

60,785

62,055

Hunter Douglas, Inc., First Lien

3M SOFR + 3.50%

02/09/2029

61,449

243,150

IRB Holding Corp., First Lien

1M SOFR + 3.00%, 0.75% Floor

12/15/2027

243,515

97,587

LTI Holdings, Inc., First Lien

1M SOFR + 4.75%

07/24/2026

96,794

44,735

Majordrive Holdings IV LLC, First Lien - Initial Term Loan

3M US L + 3.75%, 0.50% Floor

06/01/2028

44,875

58,115

McAfee Corp., First Lien

1M SOFR + 3.75%

02/02/2029

58,143

34,229

Merion Rose Merger Sub, Inc., First Lien

3M SOFR + 4.00%

12/08/2028

32,133

162,500

Mileage Plus Holdings LLC, First Lien - Initial Term Loan

3M SOFR + 5.25%, 1.00% Floor

06/21/2027

167,541

69,580

Mitchell International, Inc. TLB

1M SOFR + 3.75%

10/01/2028

69,687

227,323

Natgasoline LLC, First Lien - Initial Term Loan

1M SOFR + 3.625%

11/14/2025

227,323

48,522

Oryx Midstream Services Permian Basin LLC, First Lien

1M SOFR + 3.00%, 0.50% Floor

10/05/2028

48,760

138,113

Pactiv Evergreen, Inc., First Lien - Tranche B-2 U.S. Term Loan

1M US L + 3.25%

02/05/2026

138,671

6,243

Parkway Generation, LLC, First Lien

6M US L + 4.75%

11/05/2028

6,237

93,575

PMHC II, INC.TLB 1L

3M SOFR + 4.25%

02/02/2029

92,765

32,258

Polaris Newco LLC, First Lien - Dollar Term Loan

L + 4.00%, 0.50% Floor

06/04/2028

31,983

108,927

Redwood Star Merger Sub, Inc.

1M SOFR + 4.50%

03/16/2029

109,511

54,038

Restaurant Technologies, Inc. TLB 1L

3M SOFR + 4.25%

03/17/2029

53,649

39,970

SCIH Salt Holdings, Inc., First Lien - Incremental B-1 Term Loan

3M US L + 3.50%, 0.75% Floor

03/16/2027

40,088

146,258

SeaWorld Parks & Entertainment, Inc., First Lien - B Term Loan

L + 3.00%, 0.50% Floor

08/25/2028

146,405

40,566

Secure Acquisition, Inc.

3M SOFR + 5.00%

12/15/2028

40,743

43,016

SM Wellness Holdings, Inc., First Lien - Initial Term Loan

3M US L + 3.75%, 0.75% Floor

04/17/2028

41,493

250,000

Sotera Health Holdings LLC, First Lien - Refinancing Term Loan

3M US L + 3.25%, 0.50% Floor

12/11/2026

249,582

135,977

Spin Holdco, Inc., First Lien - Initial Term Loan

1M US L + 3.50%, 0.75% Floor

03/04/2028

126,278

240,000

STUBHUB HLDGS INC, TL

3M SOFR + 4.75%

03/12/2030

240,649

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/Oaktree High Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
$	97,500	Tiger Acquisition LLC, First Lien - Initial Term Loan	L + 3.25%, 0.50% Floor	06/01/2028	$	96,803
	71,248	Triton Water Holdings, Inc., First Lien - Initial Term Loan	3M SOFR + 3.25%, 0.50% Floor	03/31/2028		70,590
	187,280	UKG, Inc., First Lien	3M SOFR + 3.50%	02/10/2031		188,480
	205,774	University Support Services LLC, First Lien	1M SOFR + 3.00%, 0.50% Floor	02/10/2029		205,594
	44,213	Univision Communications, Inc., First Lien - B Term Loan	3M US L + 4.00%, 0.75% Floor	05/05/2028		44,190
	63,700	W. R. Grace Holdings LLC, First Lien - Initial Term Loan	L + 3.75%, 0.50% Floor	09/22/2028		63,892
	220,909	Wec US Holdings, Ltd., First Lien - Initial (2021) Term Loan	3M US L + 2.75%, 0.50% Floor	08/01/2025		220,875
	81,340	Whatabrands LLC, First Lien - Initial B Term Loan	1M SOFR + 3.25%, 0.50% Floor	08/03/2028		81,483
	198,655	William Morris Endeavor Entertainment LLC, First Lien - B-1 Term Loan	1M SOFR + 2.75%	05/19/2025		198,762

						7,263,845

TOTAL BANK LOANS
(Cost $7,947,669)						7,967,556

HIGH YIELD DEBT- 74.83%
Australia - 0.32%
$	20,000	Mineral Resources, Ltd.^(d)	9.25%	10/01/2028		21,089
	60,000	Mineral Resources, Ltd.^(d)	8.50%	05/01/2030		61,866
	100,000	Nufarm Australia, Ltd. / Nufarm Americas, Inc.^(d)	5.00%	01/27/2030		91,823
						174,778
*Belgium - 0.43%*
	100,000	Azelis Finance NV^(d)	5.75%	03/15/2028		111,319
	115,000	Ontex Group NV	3.50%	07/15/2026		122,008
						233,327
*Canada - 2.17%*
	90,000	Bausch Health Cos., Inc.^(d)	6.13%	02/01/2027		56,164
	65,000	Bausch Health Cos., Inc.^(d)	4.88%	06/01/2028		35,534
	100,000	Bombardier, Inc.^(d)	6.00%	02/15/2028		98,477
	90,000	Bombardier, Inc.^(d)	8.75%	11/15/2030		96,212
	30,000	Bombardier, Inc.^(d)	7.25%	07/01/2031		30,099
	110,000	Cascades, Inc./Cascades USA, Inc.^(d)	5.38%	01/15/2028		105,762
	15,000	goeasy, Ltd.^(d)	4.38%	05/01/2026		14,439
	180,000	goeasy, Ltd.^(d)	9.25%	12/01/2028		192,152
	95,000	Husky Injection Molding Systems, Ltd. / Titan Co.-Borrower LLC^(d)	9.00%	02/15/2029		98,360

See Notes to Financial Statements.

70	(888) 848-7569 \| www.rivernorth.com

RiverNorth/Oaktree High Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
$	105,000	Intelligent Packaging, Ltd. Finco, Inc. / Intelligent Packaging Ltd Co.-Issuer LLC^(d)	6.00%	09/15/2028	$	99,846
	110,000	Mercer International, Inc.	5.13%	02/01/2029		96,816
	70,000	Northriver Midstream Finance LP^(d)	5.63%	02/15/2026		69,553
	20,000	Open Text Corp.^(d)	6.90%	12/01/2027		20,696
	55,000	Precision Drilling Corp.^(d)	7.13%	01/15/2026		55,093
	25,000	Precision Drilling Corp.^(d)	6.88%	01/15/2029		24,977
	80,000	Strathcona Resources, Ltd./Alberta^(d)	6.88%	08/01/2026		80,200
						1,174,380
France - 1.96%
	200,000	Afflelou SAS^(e)	4.25%	05/19/2026		214,968
	200,000	Altice France SA^(e)	4.13%	01/15/2029		151,948
	55,000	Altice France SA^(d)	5.13%	07/15/2029		37,240
	100,000	Altice France SA^(d)	4.25%	10/15/2029		75,920
	100,000	Banijay Entertainment SASU^(d)	7.00%	05/01/2029		113,478
	200,000	Electricite de France SA^(c)(f)	2.86% - 5Y EUR SWAP	Perpetual Maturity		195,258
	100,000	Iliad Holding SASU^(d)	5.63%	10/15/2028		107,081
	155,000	Iliad Holding SASU^(d)	5.63%	10/15/2028		165,975
						1,061,868
Germany - 2.63%
	200,000	Cheplapharm Arzneimittel GmbH	7.50%	05/15/2030		228,468
	130,000	Douglas Service GmbH	6.00%	04/08/2026		142,490
	100,000	Gruenenthal GmbH^(d)	4.13%	05/15/2028		104,649
	100,000	IHO Verwaltungs GmbH^(e)(g)	3.75% (4.50%)	09/15/2026		106,576
	100,000	IHO Verwaltungs GmbH^(d)(g)	8.75% (9.50%)	05/15/2028		117,110
	68,206	Nidda BondCo GmbH^(e)	7.25%	09/30/2025		73,432
	100,000	Nidda Healthcare Holding GmbH^(e)	7.50%	08/21/2026		111,382
	96,712	Techem Verwaltungsgesellschaft 674 mbH^(e)	6.00%	07/30/2026		104,372
	215,000	TUI Cruises GmbH^(e)	6.50%	05/15/2026		234,276
	100,000	WEPA Hygieneprodukte GmbH^(e)	2.88%	12/15/2027		101,347
	100,000	ZF Finance GmbH	2.75%	05/25/2027		102,952
						1,427,054
Great Britain - 2.33%
	100,000	British Telecommunications PLC^(c)	2.13% - 5Y EUR SWAP	08/18/2080		104,298
	100,000	British Telecommunications PLC^(c)		12/20/2083		135,103
	95,000	Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC^(d)	8.13%	02/15/2032		95,896
	100,000	INEOS Quattro Finance 2 PLC^(e)	2.50%	01/15/2026		104,761
	135,000	NGG Finance PLC^(c)	2.532% - 5Y EUR SWAP	09/05/2082		134,077
	100,000	Pinewood Finance Co., Ltd.^(e)	3.25%	09/30/2025		124,337

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/Oaktree High Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
$	70,000	Virgin Media Secured Finance PLC^(d)	4.50%	08/15/2030	$	60,420
	225,000	Vmed O2 UK Financing I PLC^(d)	4.75%	07/15/2031		194,143
	200,000	Vodafone Group PLC^(c)	3.00% - 5Y EUR SWAP	08/27/2080		195,449
	100,000	Vodafone Group PLC^(c)	5Y EUR SWAP + 3.489%	08/30/2084		116,318
						1,264,802
Hong Kong - 0.42%
	260,000	Seaspan Corp.^(d)	5.50%	08/01/2029		227,086

Ireland - 0.76%
	200,000	Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc.^(e)	2.13%	08/15/2026		186,516
	100,000	Virgin Media Vendor Financing Notes III DAC^(e)	4.88%	07/15/2028		113,594
	100,000	Virgin Media Vendor Financing Notes III DAC^(d)	4.88%	07/15/2028		113,595
						413,705
Italy - 1.63%
	100,000	Cedacri Mergeco SPA^(c)(d)	3M EUR L + 4.625%	05/15/2028		108,443
	110,000	Cerved Group SpA^(c)	3M EUR L + 5.25%	02/15/2029		114,749
	100,000	Engineering - Ingegneria Informatica - SpA^(e)	5.88%	09/30/2026		106,471
	100,000	Guala Closures SpA^(e)	3.25%	06/15/2028		101,959
	100,000	Lottomatica SpA/Roma^(d)	7.13%	06/01/2028		114,070
	100,000	Mooney Group SpA^(c)(e)	3M EUR L + 3.875%	12/17/2026		108,155
	200,000	Telecom Italia SpA	6.88%	02/15/2028		228,649
						882,496
Japan - 0.20%
	115,000	Nissan Motor Co., Ltd.^(d)	4.81%	09/17/2030		107,462

Jersey - 0.26%
	135,000	Aston Martin Capital Holdings, Ltd.^(d)	10.00%	03/31/2029		137,587

Luxembourg - 3.08%
	200,000	Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl^(d)	4.63%	06/01/2028		182,012
	100,000	Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl^(e)	3.63%	06/01/2028		100,406
	100,000	Altice Financing SA^(e)	4.25%	08/15/2029		88,388
	100,000	Altice Financing SA^(d)	4.25%	08/15/2029		88,387
	100,000	Altice France Holding SA^(d)	4.00%	02/15/2028		26,779

See Notes to Financial Statements.

72	(888) 848-7569 \| www.rivernorth.com

RiverNorth/Oaktree High Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
$	100,000	Cirsa Finance International Sarl^(d)	6.50%	03/15/2029	$	110,789
	100,000	Eurofins Scientific SE^(c)(f)	3M EUR L + 2.667%	12/31/9999		104,654
	100,000	Eurofins Scientific SE^(c)(f)	3M EUR L + 4.241%	12/31/9999		113,414
	70,000	Intelsat Jackson Holdings SA^(d)	6.50%	03/15/2030		65,210
	200,000	ION Trading Technologies Sarl^(d)	5.75%	05/15/2028		183,730
	100,000	Matterhorn Telecom SA^(e)	4.00%	11/15/2027		107,165
	110,000	SK Invictus Intermediate II Sarl^(d)	5.00%	10/30/2029		98,163
	205,000	Summer BC Holdco B SARL^(e)	5.75%	10/31/2026		217,571
	195,000	Telecom Italia Capital SA	6.38%	11/15/2033		184,629
						1,671,297
Netherlands - 2.73%
	100,000	Boels Topholding BV^(d)	6.25%	02/15/2029		111,517
	125,000	Boost Newco Borrower LLC / GTCR W Dutch Finance Sub BV^(d)	8.50%	01/15/2031		170,559
	100,000	Dufry One BV	3.38%	04/15/2028		104,031
	100,000	Q-Park Holding I BV^(e)	2.00%	03/01/2027		101,574
	100,000	Repsol International Finance BV^(c)(f)	2.769% - 5Y EUR SWAP	12/31/9999		101,807
	200,000	Sunrise HoldCo IV BV^(d)	5.50%	01/15/2028		192,165
	100,000	Telefonica Europe BV^(c)(f)	6Y EUR SWAP + 4.322%	12/31/9999		117,776
	100,000	Telefonica Europe BV^(c)(f)	12/31/9999	117,123
	125,000	TMNL Holding BV^(d)	3.75%	01/15/2029		127,015
	100,000	Trivium Packaging Finance BV^(d)	3.75%	08/15/2026		104,910
	100,000	Wp/ap Telecom Holdings III BV	5.50%	01/15/2030		100,131
	45,000	Ziggo Bond Co. BV^(d)	5.13%	02/28/2030		38,567
	100,000	Ziggo Bond Co. BV^(e)	3.38%	02/28/2030		92,352
						1,479,527
Sweden - 0.44%
	100,000	Samhallsbyggnadsbolaget i Norden AB^(c)(f)	3.223% - 5Y EUR SWAP	12/31/9999		26,117
	100,000	Verisure Holding AB^(e)	3.88%	07/15/2026		106,449
	100,000	Verisure Midholding AB^(e)	5.25%	02/15/2029		104,510
						237,076
United States - 55.47%
	40,000	Academy, Ltd.^(d)	6.00%	11/15/2027		39,435
	95,000	ACCO Brands Corp.^(d)	4.25%	03/15/2029		85,600
	105,000	Acuris Finance US, Inc. / Acuris Finance SARL^(d)	5.00%	05/01/2028		95,507
	55,000	Adient Global Holdings, Ltd.^(d)	7.00%	04/15/2028		56,249
	75,000	Adient Global Holdings, Ltd.^(d)	8.25%	04/15/2031		79,203
	55,000	ADT Security Corp.^(d)	4.13%	08/01/2029		50,441
	30,000	ADT Security Corp.^(d)	4.88%	07/15/2032		27,179

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/Oaktree High Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
$	170,000	Albertsons Cos. Inc / Safeway, Inc. / New Albertsons LP / Albertsons LLC^(d)	5.88%	02/15/2028	$	168,425
	160,000	Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer^(d)	6.75%	04/15/2028		161,293
	25,000	Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer^(d)	7.00%	01/15/2031		25,270
	95,000	AMC Networks, Inc.^(d)	10.25%	01/15/2029		95,749
	125,000	AMC Networks, Inc.	4.25%	02/15/2029		88,683
	50,000	American Airlines, Inc.^(d)	7.25%	02/15/2028		50,816
	95,000	American Axle & Manufacturing, Inc.	5.00%	10/01/2029		85,651
	65,000	APX Group, Inc.^(d)	5.75%	07/15/2029		62,567
	90,000	Aramark Services, Inc.^(d)	5.00%	02/01/2028		86,940
	235,000	Arches Buyer, Inc.^(d)	4.25%	06/01/2028		207,081
	45,000	Archrock Partners LP / Archrock Partners Finance Corp.^(d)	6.88%	04/01/2027		45,166
	75,000	Archrock Partners LP / Archrock Partners Finance Corp.^(d)	6.25%	04/01/2028		74,255
	65,000	Arsenal AIC Parent LLC^(d)	8.00%	10/01/2030		68,324
	105,000	Artera Services LLC^(d)	8.50%	02/15/2031		107,727
	75,000	Ascent Resources Utica Holdings LLC / ARU Finance Corp.^(d)	7.00%	11/01/2026		75,239
	175,000	ASP Unifrax Holdings, Inc.^(d)	5.25%	09/30/2028		113,042
	135,000	AssuredPartners, Inc.^(d)	7.50%	02/15/2032		132,792
	75,000	AthenaHealth Group, Inc.^(d)	6.50%	02/15/2030		68,674
	85,000	Avient Corp.^(d)	7.13%	08/01/2030		87,232
	70,000	B&G Foods, Inc.	5.25%	09/15/2027		65,475
	135,000	B&G Foods, Inc.^(d)	8.00%	09/15/2028		140,745
	145,000	BellRing Brands, Inc.^(d)	7.00%	03/15/2030		149,529
	60,000	Big River Steel LLC / BRS Finance Corp.^(d)	6.63%	01/31/2029		60,393
	1,000,000	Blackstone Private Credit Fund	2.63%	12/15/2026		912,885
	95,000	Block Communications, Inc.^(d)	4.88%	03/01/2028		84,934
	165,000	Bloomin' Brands, Inc. / OSI Restaurant Partners LLC^(d)	5.13%	04/15/2029		153,450
	500,000	Blue Owl Capital Corp.	3.75%	07/22/2025		485,233
	1,242,000	Blue Owl Capital Corp. III	3.13%	04/13/2027		1,132,088
	200,000	Blue Owl Credit Income Corp.	5.50%	03/21/2025		198,667
	105,000	BlueLinx Holdings, Inc.^(d)	6.00%	11/15/2029		102,489
	55,000	Boost Newco Borrower LLC^(d)	7.50%	01/15/2031		57,617
	130,000	Borr IHC, Ltd. / Borr Finance LLC^(d)	10.00%	11/15/2028		135,755
	105,000	Brinker International, Inc.^(d)	8.25%	07/15/2030		110,732
	45,000	Buckeye Partners LP^(d)	4.50%	03/01/2028		42,783
	175,000	Cable One, Inc.^(h)	0.00%	03/15/2026		153,300
	50,000	Cablevision Lightpath LLC^(d)	3.88%	09/15/2027		44,944
	85,000	Cablevision Lightpath LLC^(d)	5.63%	09/15/2028		71,095
	75,000	Caesars Entertainment, Inc.^(d)	7.00%	02/15/2030		77,033
	105,000	Caesars Entertainment, Inc.^(d)	6.50%	02/15/2032		105,990

See Notes to Financial Statements.

74	(888) 848-7569 \| www.rivernorth.com

RiverNorth/Oaktree High Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
$	125,000	Calpine Corp.^(d)	5.00%	02/01/2031	$	114,791
	205,000	Carnival Corp.^(d)	6.00%	05/01/2029		202,404
	330,000	Carnival Corp.^(d)	10.50%	06/01/2030		361,185
	50,000	CCO Holdings LLC / CCO Holdings Capital Corp.^(d)	5.50%	05/01/2026		49,268
	175,000	CCO Holdings LLC / CCO Holdings Capital Corp.^(d)	6.38%	09/01/2029		166,144
	120,000	CCO Holdings LLC / CCO Holdings Capital Corp.^(d)	4.75%	03/01/2030		103,112
	250,000	CCO Holdings LLC / CCO Holdings Capital Corp.^(d)	4.50%	06/01/2033		195,500
	135,000	CCO Holdings LLC / CCO Holdings Capital Corp.^(d)	4.25%	01/15/2034		102,023
	130,000	Cedar Fair LP	5.25%	07/15/2029		123,684
	65,000	Central Garden & Pet Co.	5.13%	02/01/2028		63,067
	75,000	Chart Industries, Inc.^(d)	7.50%	01/01/2030		77,977
	35,000	Chart Industries, Inc.^(d)	9.50%	01/01/2031		38,147
	90,000	Cheniere Energy, Inc.	4.63%	10/15/2028		87,290
	40,000	CHS/Community Health Systems, Inc.^(d)	6.00%	01/15/2029		34,992
	85,000	CHS/Community Health Systems, Inc.^(d)	10.88%	01/15/2032		87,658
	65,000	Churchill Downs, Inc.^(d)	5.50%	04/01/2027		63,845
	10,000	Churchill Downs, Inc.^(d)	4.75%	01/15/2028		9,527
	55,000	Churchill Downs, Inc.^(d)	5.75%	04/01/2030		53,133
	100,000	Churchill Downs, Inc.^(d)	6.75%	05/01/2031		100,684
	105,000	CITGO Petroleum Corp.^(d)	7.00%	06/15/2025		104,935
	35,000	CITGO Petroleum Corp.^(d)	6.38%	06/15/2026		35,129
	200,000	Civitas Resources, Inc.^(d)	8.63%	11/01/2030		214,892
	95,000	Clear Channel Outdoor Holdings, Inc.^(d)	5.13%	08/15/2027		89,621
	60,000	Clear Channel Outdoor Holdings, Inc.^(d)	9.00%	09/15/2028		62,551
	65,000	Clear Channel Outdoor Holdings, Inc.^(d)	7.88%	04/01/2030		64,661
	210,000	Cleveland-Cliffs, Inc.^(d)	7.00%	03/15/2032		213,035
	275,000	Cloud Software Group, Inc.^(d)	6.50%	03/31/2029		261,193
	85,000	Clydesdale Acquisition Holdings, Inc.^(d)	6.63%	04/15/2029		85,019
	70,000	Cogent Communications Group, Inc.^(d)	7.00%	06/15/2027		69,752
	30,000	CommScope, Inc.^(d)	6.00%	03/01/2026		27,488
	107,000	CommScope, Inc.^(d)	8.25%	03/01/2027		50,197
	25,000	CommScope, Inc.^(d)	7.13%	07/01/2028		9,912
	108,000	CommScope, Inc.^(d)	4.75%	09/01/2029		78,030
	145,000	Compass Group Diversified Holdings LLC^(d)	5.25%	04/15/2029		137,923
	70,000	Comstock Resources, Inc.^(d)	5.88%	01/15/2030		63,455
	105,000	Consolidated Communications, Inc.^(d)	5.00%	10/01/2028		87,615
	23,000	Coty, Inc.^(d)	6.50%	04/15/2026		23,053
	100,000	Coty, Inc.^(d)	5.75%	09/15/2028		112,098
	65,000	Coty, Inc./HFC Prestige Products Inc/HFC Prestige International US LLC^(d)	6.63%	07/15/2030		66,059

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/Oaktree High Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
$	250,000	CQP Holdco LP / BIP-V Chinook Holdco LLC^(d)	7.50%	12/15/2033	$	257,487
	115,000	Crocs, Inc.^(d)	4.25%	03/15/2029		105,240
	115,000	CSC Holdings LLC^(d)	5.75%	01/15/2030		60,969
	85,000	CSC Holdings LLC^(d)	4.13%	12/01/2030		60,847
	10,000	CSC Holdings LLC^(d)	4.50%	11/15/2031		7,089
	25,000	CSC Holdings LLC^(d)	5.00%	11/15/2031		12,665
	110,000	Cushman & Wakefield US Borrower LLC^(d)	8.88%	09/01/2031		116,341
	120,000	CVR Energy, Inc.^(d)	5.75%	02/15/2028		112,614
	20,000	Dana, Inc.	5.38%	11/15/2027		19,581
	30,000	Dana, Inc.	4.25%	09/01/2030		26,535
	195,000	Directv Financing LLC / Directv Financing Co.-Obligor, Inc.^(d)	5.88%	08/15/2027		184,599
	65,000	Elastic NV^(d)	4.13%	07/15/2029		58,557
	100,000	EMRLD Borrower LP / Emerald Co.-Issuer, Inc.^(d)	6.38%	12/15/2030		113,626
	45,000	EnerSys^(d)	6.63%	01/15/2032		45,383
	75,000	EnLink Midstream LLC^(d)	5.63%	01/15/2028		74,336
	35,000	EnLink Midstream LLC^(d)	6.50%	09/01/2030		36,040
	265,000	EnLink Midstream Partners LP	5.05%	04/01/2045		219,025
	180,000	EQM Midstream Partners LP^(d)	4.75%	01/15/2031		167,558
	235,000	EquipmentShare.com, Inc.^(d)	9.00%	05/15/2028		242,342
	90,000	Everi Holdings, Inc.^(d)	5.00%	07/15/2029		89,227
	50,000	Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc.^(d)	4.63%	01/15/2029		45,897
	50,000	Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc.^(d)	6.75%	01/15/2030		44,937
	90,000	Fiesta Purchaser, Inc.^(d)	7.88%	03/01/2031		93,012
	10,000	FirstCash, Inc.^(d)	4.63%	09/01/2028		9,422
	170,000	FirstCash, Inc.^(d)	5.63%	01/01/2030		161,702
	5,000	Fortress Transportation and Infrastructure Investors LLC^(d)	9.75%	08/01/2027		5,182
	200,000	Fortress Transportation and Infrastructure Investors LLC^(d)	5.50%	05/01/2028		194,000
	23,000	Fortress Transportation and Infrastructure Investors LLC^(d)	7.88%	12/01/2030		24,176
	500,000	Franklin BSP Lending Corp.^(d)	4.85%	12/15/2024		490,786
	672,860	Franklin BSP Lending Corp.	3.25%	03/30/2026		629,314
	15,000	Freedom Mortgage Corp.^(d)	12.00%	10/01/2028		16,366
	35,000	Freedom Mortgage Corp.^(d)	12.25%	10/01/2030		38,529
	195,000	Frontier Communications Holdings LLC^(d)	5.00%	05/01/2028		181,143
	1,000,000	FS KKR Capital Corp.	4.13%	02/01/2025		983,750
	1,000	Gen Digital, Inc.^(d)	6.75%	09/30/2027		1,015
	35,000	Go Daddy Operating Co. LLC / GD Finance Co, Inc.^(d)	5.25%	12/01/2027		34,257
	55,000	Goodyear Tire & Rubber Co.	9.50%	05/31/2025		55,513

See Notes to Financial Statements.

76	(888) 848-7569 \| www.rivernorth.com

RiverNorth/Oaktree High Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
$	105,000	Great Lakes Dredge & Dock Corp.^(d)	5.25%	06/01/2029	$	93,564
	120,000	Greystar Real Estate Partners LLC^(d)	7.75%	09/01/2030		124,315
	30,000	Hanesbrands, Inc.^(d)	4.88%	05/15/2026		29,229
	140,000	Hanesbrands, Inc.^(d)	9.00%	02/15/2031		143,954
	210,000	HAT Holdings I LLC / HAT Holdings II LLC^(d)	3.38%	06/15/2026		198,010
	20,000	HAT Holdings I LLC / HAT Holdings II LLC^(d)	8.00%	06/15/2027		20,879
	5,000	HAT Holdings I LLC / HAT Holdings II LLC^(d)	3.75%	09/15/2030		4,205
	165,000	Hawaiian Brand Intellectual Property, Ltd. / HawaiianMiles Loyalty, Ltd.^(d)	5.75%	01/20/2026		155,030
	170,000	Hilton Grand Vacations Borrower Escrow LLC / Hilton Grand Vacations Borrower Esc^(d)	5.00%	06/01/2029		158,671
	135,000	HLF Financing Sarl LLC / Herbalife International, Inc.^(d)	4.88%	06/01/2029		93,963
	80,000	Howard Midstream Energy Partners LLC^(d)	8.88%	07/15/2028		84,478
	45,000	HUB International, Ltd.^(d)	5.63%	12/01/2029		42,237
	80,000	HUB International, Ltd.^(d)	7.25%	06/15/2030		82,273
	220,000	Hunt Companies, Inc.^(d)	5.25%	04/15/2029		201,448
	145,000	Imola Merger Corp.^(d)	4.75%	05/15/2029		136,088
	180,000	Iron Mountain, Inc.^(d)	5.25%	03/15/2028		174,302
	15,000	Iron Mountain, Inc.^(d)	5.00%	07/15/2028		14,366
	55,000	Iron Mountain, Inc.^(d)	7.00%	02/15/2029		56,108
	55,000	Iron Mountain, Inc.^(d)	5.25%	07/15/2030		52,089
	135,000	JB Poindexter & Co., Inc.^(d)	8.75%	12/15/2031		139,709
	20,000	JetBlue Airways Corp.	0.50%	04/01/2026		17,558
	310,000	Kennedy-Wilson, Inc.	4.75%	02/01/2030		247,611
	145,000	Kinetik Holdings LP^(d)	6.63%	12/15/2028		147,667
	55,000	Kinetik Holdings LP^(d)	5.88%	06/15/2030		53,848
	165,000	Kodiak Gas Services LLC^(d)	7.25%	02/15/2029		168,177
	90,000	LABL, Inc.^(d)	5.88%	11/01/2028		82,933
	155,000	LCM Investments Holdings II LLC^(d)	8.25%	08/01/2031		162,281
	120,000	Legends Hospitality Holding Co. LLC / Legends Hospitality Co-Issuer, Inc.^(d)	5.00%	02/01/2026		118,959
	20,000	Level 3 Financing, Inc.^(d)	4.63%	09/15/2027		13,500
	15,000	Level 3 Financing, Inc.^(d)	4.25%	07/01/2028		7,125
	55,000	Level 3 Financing, Inc.^(d)	3.63%	01/15/2029		24,880
	140,000	Level 3 Financing, Inc.^(d)	3.75%	07/15/2029		63,000
	20,000	Madison IAQ LLC^(d)	5.88%	06/30/2029		18,318
	50,000	Marriott Ownership Resorts, Inc.	4.75%	01/15/2028		47,012
	215,000	Marriott Ownership Resorts, Inc.^(d)	4.50%	06/15/2029		196,820
	110,000	Matador Resources Co.^(d)	6.88%	04/15/2028		112,621
	25,000	Matador Resources Co.^(d)	6.50%	04/15/2032		25,061
	110,000	Medline Borrower LP^(d)	5.25%	10/01/2029		104,053

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/Oaktree High Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
$	60,000	Mercer International, Inc.	5.50%	01/15/2026	$	58,546
	80,000	Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp.^(d)	4.88%	05/01/2029		74,142
	30,000	ModivCare, Inc.^(d)	5.88%	11/15/2025		29,243
	100,000	MPH Acquisition Holdings LLC^(d)	5.50%	09/01/2028		85,145
	165,000	MPT Operating Partnership LP / MPT Finance Corp.	5.00%	10/15/2027		138,357
	135,000	Nabors Industries, Inc.^(d)	9.13%	01/31/2030		140,467
	25,000	Nabors Industries, Ltd.^(d)	7.25%	01/15/2026		24,862
	30,000	Nabors Industries, Ltd.^(d)	7.50%	01/15/2028		28,167
	55,000	Nationstar Mortgage Holdings, Inc.^(d)	5.75%	11/15/2031		50,782
	20,000	Nationstar Mortgage Holdings, Inc.^(d)	7.13%	02/01/2032		19,878
	150,000	NCL Corp., Ltd.^(d)	8.13%	01/15/2029		158,826
	80,000	NCL Corp., Ltd.^(d)	7.75%	02/15/2029		83,136
	115,000	NCR Atleos Corp.^(d)	9.50%	04/01/2029		123,123
	115,000	NCR Voyix Corp.^(d)	5.13%	04/15/2029		106,790
	90,000	NCR Voyix Corp.^(d)	5.25%	10/01/2030		81,518
	100,000	Necessity Retail REIT, Inc. / American Finance Operating Partner LP^(d)	4.50%	09/30/2028		85,681
	35,000	New Enterprise Stone & Lime Co., Inc.^(d)	9.75%	07/15/2028		35,900
	135,000	New Enterprise Stone & Lime Co., Inc.^(d)	5.25%	07/15/2028		129,610
	105,000	NextEra Energy Operating Partners LP^(d)	7.25%	01/15/2029		107,555
	130,000	NFP Corp.^(d)	6.88%	08/15/2028		131,760
	150,000	NGL Energy Operating LLC / NGL Energy Finance Corp.^(d)	8.13%	02/15/2029		153,725
	45,000	NGL Energy Operating LLC / NGL Energy Finance Corp.^(d)	8.38%	02/15/2032		46,160
	25,000	Northern Oil & Gas, Inc.^(d)	8.13%	03/01/2028		25,393
	105,000	Northern Oil & Gas, Inc.^(d)	8.75%	06/15/2031		111,007
	260,000	NRG Energy, Inc.^(d)	3.63%	02/15/2031		224,632
	5,000	NuStar Logistics LP	6.00%	06/01/2026		4,981
	28,000	NuStar Logistics LP	6.38%	10/01/2030		28,207
	20,000	Oceaneering International, Inc.	6.00%	02/01/2028		19,720
	155,000	Oceaneering International, Inc.	6.00%	02/01/2028		152,831
	50,000	Olympus Water US Holding Corp.^(d)	7.13%	10/01/2027		50,555
	115,000	Olympus Water US Holding Corp.^(d)	4.25%	10/01/2028		104,462
	105,000	Olympus Water US Holding Corp.^(d)	9.75%	11/15/2028		111,979
	40,000	Olympus Water US Holding Corp.^(d)	6.25%	10/01/2029		36,653
	135,000	OneMain Finance Corp.	7.13%	03/15/2026		137,541
	40,000	OneMain Finance Corp.	7.88%	03/15/2030		41,301
	210,000	Open Text Holdings, Inc.^(d)	4.13%	02/15/2030		188,280
	225,000	Organon & Co. / Organon Foreign Debt Co-Issuer BV^(d)	5.13%	04/30/2031		200,213
	20,000	Outfront Media Capital LLC / Outfront Media Capital Corp.^(d)	5.00%	08/15/2027		19,264
	25,000	Owens & Minor, Inc.^(d)	4.50%	03/31/2029		22,916
	76,000	Owens & Minor, Inc.^(d)	6.63%	04/01/2030		75,495

See Notes to Financial Statements.

78	(888) 848-7569 \| www.rivernorth.com

RiverNorth/Oaktree High Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
$	140,000	Panther Escrow Issuer LLC^(d)	7.13%	06/01/2031	$	142,451
	55,000	Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer^(d)	5.88%	10/01/2028		53,945
	170,000	Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer^(d)	4.88%	05/15/2029		158,219
	145,000	Pediatrix Medical Group, Inc.^(d)	5.38%	02/15/2030		131,864
	75,000	Performance Food Group, Inc.^(d)	5.50%	10/15/2027		73,687
	75,000	Permian Resources Operating LLC^(d)	7.75%	02/15/2026		76,025
	35,000	Permian Resources Operating LLC^(d)	5.88%	07/01/2029		34,445
	130,000	Permian Resources Operating LLC^(d)	7.00%	01/15/2032		134,952
	75,000	Phinia, Inc.^(d)	6.75%	04/15/2029		75,817
	165,000	Pike Corp.^(d)	8.63%	01/31/2031		175,546
	225,000	Post Holdings, Inc.^(d)	5.50%	12/15/2029		217,618
	245,000	Prime Security Services Borrower LLC / Prime Finance, Inc.^(d)	6.25%	01/15/2028		240,187
	110,000	Primo Water Holdings, Inc.^(e)	3.88%	10/31/2028		114,381
	105,000	QVC, Inc.	4.75%	02/15/2027		93,585
	110,000	QVC, Inc.	4.38%	09/01/2028		88,264
	165,000	Railworks Holdings LP / Railworks Rally, Inc.^(d)	8.25%	11/15/2028		163,880
	145,000	RHP HOTEL PPTY RHP 6 1/2 04/01/32		04/01/2032		145,580
	120,000	RHP Hotel Properties LP / RHP Finance Corp.^(d)	7.25%	07/15/2028		123,734
	40,000	RLJ Lodging Trust LP^(d)	4.00%	09/15/2029		35,289
	75,000	Rocket Mortgage LLC / Rocket Mortgage Co.-Issuer, Inc.^(d)	4.00%	10/15/2033		63,605
	5,000	Royal Caribbean Cruises, Ltd.^(d)	5.38%	07/15/2027		4,933
	55,000	Royal Caribbean Cruises, Ltd.^(d)	5.50%	04/01/2028		54,397
	95,000	Royal Caribbean Cruises, Ltd.^(d)	7.25%	01/15/2030		98,770
	135,000	Royal Caribbean Cruises, Ltd.^(d)	6.25%	03/15/2032		136,160
	100,000	SCIL IV LLC / SCIL USA Holdings LLC^(d)	5.38%	11/01/2026		97,162
	98,000	Sealed Air Corp./Sealed Air Corp US^(d)	7.25%	02/15/2031		102,012
	141,000	Service Properties Trust^(d)	8.63%	11/15/2031		150,520
	100,000	Silgan Holdings, Inc.	2.25%	06/01/2028		98,508
	85,000	Sirius XM Radio, Inc.^(d)	5.50%	07/01/2029		81,019
	245,000	Sirius XM Radio, Inc.^(d)	4.13%	07/01/2030		214,324
	40,000	Sirius XM Radio, Inc.^(d)	3.88%	09/01/2031		33,380
	80,000	Six Flags Entertainment Corp.^(d)	5.50%	04/15/2027		78,201
	95,000	Six Flags Entertainment Corp.^(d)	7.25%	05/15/2031		96,336
	15,000	Six Flags Theme Parks, Inc.^(d)	7.00%	07/01/2025		15,031
	5,000	Spectrum Brands, Inc.^(d)	5.00%	10/01/2029		4,904
	20,000	Spectrum Brands, Inc.^(d)	5.50%	07/15/2030		19,606
	90,000	Spectrum Brands, Inc.^(d)	3.88%	03/15/2031		86,771
	30,000	Spirit AeroSystems, Inc.	3.85%	06/15/2026		28,851
	110,000	Spirit AeroSystems, Inc.^(d)	9.75%	11/15/2030		123,180

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/Oaktree High Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
$	110,000	Standard Industries, Inc.	2.25%	11/21/2026	$	111,694
	40,000	Standard Industries, Inc.^(d)	5.00%	02/15/2027		38,833
	85,000	Standard Industries, Inc.^(d)	4.75%	01/15/2028		81,189
	115,000	Summit Materials LLC / Summit Materials Finance Corp.^(d)	7.25%	01/15/2031		119,616
	115,000	Talen Energy Supply LLC^(d)	8.63%	06/01/2030		123,062
	90,000	Tenet Healthcare Corp.	6.13%	06/15/2030		89,906
	135,000	TMS International Corp.^(d)	6.25%	04/15/2029		123,420
	70,000	TransDigm, Inc.	4.63%	01/15/2029		65,044
	55,000	TransDigm, Inc.^(d)	6.38%	03/01/2029		55,240
	35,000	TreeHouse Foods, Inc.	4.00%	09/01/2028		31,435
	20,000	Uber Technologies, Inc.^(d)	6.25%	01/15/2028		20,098
	95,000	UKG, Inc.^(d)	6.88%	02/01/2031		96,848
	115,000	Univision Communications, Inc.^(d)	6.63%	06/01/2027		112,576
	10,000	Univision Communications, Inc.^(d)	7.38%	06/30/2030		9,896
	65,000	US Foods, Inc.^(d)	4.63%	06/01/2030		60,393
	95,000	US Foods, Inc.^(d)	7.25%	01/15/2032		98,988
	30,000	USA Compression Partners LP / USA Compression Finance Corp.	6.88%	09/01/2027		30,090
	195,000	USA Compression Partners LP / USA Compression Finance Corp.^(d)	7.13%	03/15/2029		197,553
	90,000	Venture Global LNG, Inc.^(d)	8.13%	06/01/2028		91,873
	110,000	Venture Global LNG, Inc.^(d)	9.50%	02/01/2029		118,634
	325,000	Venture Global LNG, Inc.^(d)	8.38%	06/01/2031		335,365
	65,000	Vistra Operations Co. LLC^(d)	5.00%	07/31/2027		62,994
	40,000	Vistra Operations Co. LLC^(d)	7.75%	10/15/2031		41,920
	165,000	Vital Energy, Inc.^(d)	7.88%	04/15/2032		167,748
	65,000	Walgreens Boots Alliance, Inc.	4.10%	04/15/2050		47,732
	65,000	Wand NewCo 3, Inc.^(d)	7.63%	01/30/2032		67,279
	245,000	WASH Multifamily Acquisition, Inc.^(d)	5.75%	04/15/2026		239,668
	50,000	Weatherford International, Ltd.^(d)	8.63%	04/30/2030		52,240
	100,000	Weekley Homes LLC / Weekley Finance Corp.^(d)	4.88%	09/15/2028		92,555
	110,000	WESCO Distribution, Inc.^(d)	6.63%	03/15/2032		111,918
	180,000	Western Midstream Operating LP	5.50%	08/15/2048		159,322
	70,000	Williams Scotsman, Inc.^(d)	7.38%	10/01/2031		72,799
	110,000	Windsor Holdings III LLC^(d)	8.50%	06/15/2030		115,473
	95,000	WR Grace Holdings LLC^(d)	4.88%	06/15/2027		90,405
	60,000	WR Grace Holdings LLC^(d)	5.63%	08/15/2029		53,756
	70,000	Wynn Resorts Finance LLC / Wynn Resorts Capital Corp.^(d)	5.13%	10/01/2029		66,383
	55,000	Wynn Resorts Finance LLC / Wynn Resorts Capital Corp.^(d)	7.13%	02/15/2031		56,954
	140,000	Zayo Group Holdings, Inc.^(d)	4.00%	03/01/2027		115,364
	35,000	ZF North America Capital, Inc.^(d)	6.88%	04/14/2028		36,336

See Notes to Financial Statements.

80	(888) 848-7569 \| www.rivernorth.com

RiverNorth/Oaktree High Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

Principal Amount/Description			Rate	Maturity	Value
$	35,000	ZF North America Capital, Inc.^(d)	7.13%	04/14/2030	$	36,912
						30,065,583

TOTAL HIGH YIELD DEBT
(Cost $40,846,948)						40,558,028

Shares/Description			Value
WARRANTS - 0.01%
	11	Toys R Us Propco Warrant, Strike Price 0.00, Expires 12/31/2049^(a)		–
	237	Windstream Holdings Inc - Pvt Warrant, Strike Price 0.00, Expires 12/31/2049		2,251

TOTAL WARRANTS
(Cost $105,685)				2,251

SHORT-TERM INVESTMENTS - 2.29%
	1,242,883	State Street Institutional Trust (7 Day Yield 5.25%)		1,242,883

TOTAL SHORT-TERM INVESTMENTS
(Cost $1,242,883)				1,242,883

TOTAL INVESTMENTS - 99.93%
(Cost $54,617,146)			$	54,161,586
OTHER ASSETS IN EXCESS OF LIABILITIES - 0.07%				39,815
NET ASSETS - 100.00%			$	54,201,401

Investment Abbreviations:

EURIBOR - Euro Interbank Offered Rate

LIBOR - London Interbank Offered Rate

LLC - Limited Liability Company

LP - Limited Partnership

PLC - Public Limited Company

Rates:

1M US L - 1 Month LIBOR as of March 31, 2024 was 5.44%

3M US L - 3 Month LIBOR as of March 31, 2024 was 5.56%

6M US L - 6 Month LIBOR as of March 31, 2024 was 5.65%

3M EUR L - 3 Month EURIBOR as of March 31, 2024 was 3.89%

6M EUR L - 6 Month EURIBOR as of March 31, 2024 was 3.85%

5Y EUR SWAP - 5 Year Euro ICE Swap Rate as of March 31, 2024 was 2.70%

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/Oaktree High Income Fund

Schedule of Investments

March 31, 2024 (Unaudited)

^(a)

The Level 3 assets were a result of unavailable quoted prices from an active market or the unavailability of other significant observable inputs.

^(b)

Non-income producing security.

^(c)

^(d)

Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities have been deemed liquid under procedures approved by the Fund's Board of Trustees and may normally be sold to qualified institutional buyers in transactions exempt from registration. Total fair value of Rule 144A securities amounts to $27,481,404, which represents approximately 50.70% of net assets as of March 31, 2024.

^(e)

^(f)

Security has no contractual maturity date, is not redeemable and contractually pays an indefinite stream of interest.

^(g)

Pay-in-kind securities. Rate paid in-kind is shown in parenthesis.

^(h)

Issued with a zero coupon. Income is recognized through the accretion of discount.

OUTSTANDING FORWARD FOREIGN CURRENCY CONTRACTS

Counterparty	Settlement Date	Fund Receiving	U.S. $ Value at March 31, 2024		Fund Delivering	U.S. $ Value at March 31, 2024		Unrealized Appreciation
State Street Corporation	4/5/2024	USD		7,437,963	EUR		7,389,720	$	48,243
State Street Corporation	4/5/2024	USD		62,796	EUR		62,181		615
State Street Corporation	4/5/2024	USD		673,246	GBP		670,165		3,081
								$	51,939

State Street Corporation	4/5/2024	EUR		51,332	USD		51,873	$	(541	)
State Street Corporation	4/5/2024	EUR		38,842	USD		38,981		(139	)
State Street Corporation	4/5/2024	USD		8,255	GBP		8,259		(4	)
								$	(684	)

See Notes to Financial Statements.

82	(888) 848-7569 \| www.rivernorth.com

RiverNorth Core Opportunity Fund
Statement of Assets and Liabilities	March 31, 2024 (Unaudited)

ASSETS:
Investment in securities:
At cost	$	43,296,546
At value	$	47,160,788
Cash		9,278
Foreign currency, at value (Cost $279)		289
Receivable for fund investments sold		490,744
Dividends receivable		56,524
Interest receivable		25,353
Receivable for fund shares sold		1,645
Prepaid expenses and other assets		25,028
Total Assets		47,769,649
LIABILITIES:
Payable for fund investments purchased		215,156
Payable for fund shares redeemed		179,424
Payable to Adviser		39,802
Payable for fund accounting and administration fees		6,828
Accrued 12b-1 fees - Class R Shares		3,735
Payable for custodian fees		1,041
Payable for audit fees		10,390
Payable to transfer agent		9,146
Loan facility fee payable		4,045
Other accrued expenses		27,359
Total Liabilities		496,926
Net Assets	$	47,272,723
NET ASSETS CONSIST OF:
Paid-in capital	$	48,338,943
Total distributable earnings/(accumulated deficit)		(1,066,221	)
Net Assets	$	47,272,722
PRICING OF SHARES:
Class I Shares
Net Assets	$	29,740,693
Shares of common stock outstanding
(unlimited number of shares, no par value)		3,991,420
Net Asset Value Per Share, Offering and Redemption Price Per Share	$	7.45
Class R Shares
Net Assets	$	17,532,030
Shares of common stock outstanding
(unlimited number of shares, no par value)		2,348,951
Net Asset Value Per Share, Offering and Redemption Price Per Share	$	7.46

See Notes to Financial Statements.

Semi-Annual Report | March 31, 2024

RiverNorth/DoubleLine Strategic Income Fund
Statement of Assets and Liabilities	March 31, 2024 (Unaudited)

ASSETS:
Investment in securities:
At cost	$	1,376,523,767
At value	$	1,212,544,843
Investment in affiliates:
At cost		38,158,745
At value		35,086,342
Cash		459,956
Foreign currency, at value (Cost $269)		268
Interest receivable		8,454,357
Receivable for fund shares sold		3,184,967
Receivable for fund investments sold		1,719,469
Dividends receivable		1,426,646
Cash segregated at custodian for forward foreign currency contracts		465,260
Variation margin receivable		50,312
Prepaid expenses and other assets		89,528
Total Assets		1,263,481,948
LIABILITIES:
Payable for fund investments purchased		7,063,363
Payable for fund shares redeemed		3,013,734
Payable to Adviser		777,709
Payable for fund accounting and administration fees		70,706
Accrued 12b-1 fees - Class R Shares		12,350
Payable for custodian fees		7,922
Payable for audit fees		39,002
Payable to transfer agent		6,531
Loan facility fee payable		82,402
Other accrued expenses		18,409
Total Liabilities		11,092,128
Net Assets	$	1,252,389,820
NET ASSETS CONSIST OF:
Paid-in capital	$	1,591,738,762
Total distributable earnings/(accumulated deficit)		(339,348,942	)
Net Assets	$	1,252,389,820

See Notes to Financial Statements.

84	(888) 848-7569 \| www.rivernorth.com

RiverNorth/DoubleLine Strategic Income Fund
Statement of Assets and Liabilities	March 31, 2024 (Unaudited)

PRICING OF SHARES:
Class I Shares
Net Assets	$	1,198,022,584
Shares of common stock outstanding
(unlimited number of shares, no par value)		136,492,389
Net Asset Value Per Share, Offering and Redemption Price Per Share	$	8.78
Class R Shares
Net Assets	$	54,367,236
Shares of common stock outstanding
(unlimited number of shares, no par value)		6,179,969
Net Asset Value Per Share, Offering and Redemption Price Per Share	$	8.80

Semi-Annual Report | March 31, 2024

RiverNorth/Oaktree High Income Fund
Statement of Assets and Liabilities	March 31, 2024 (Unaudited)

ASSETS:
Investment in securities:
At cost	$	54,617,146
At value	$	54,161,586
Cash		60,395
Foreign currency, at value (Cost $25,921)		25,820
Interest receivable		698,762
Receivable for fund investments sold		76,626
Unrealized appreciation on forward foreign currency contracts		51,938
Dividends receivable		15,220
Prepaid expenses and other assets		26,398
Total Assets		55,116,745
LIABILITIES:
Payable for fund investments purchased		357,934
Payable for fund shares redeemed		478,740
Unrealized depreciation on forward foreign currency contracts		684
Payable to Adviser		31,490
Payable for fund accounting and administration fees		15,662
Accrued 12b-1 fees - Class R Shares		808
Payable for custodian fees		2,348
Payable for audit fees		10,599
Payable to transfer agent		6,740
Loan facility fee payable		3,694
Other accrued expenses		6,645
Total Liabilities		915,344
Net Assets	$	54,201,401
NET ASSETS CONSIST OF:
Paid-in capital	$	61,875,454
Total distributable earnings/(accumulated deficit)		(7,674,054	)
Net Assets	$	54,201,400
PRICING OF SHARES:
Class I Shares
Net Assets	$	50,328,063
Shares of common stock outstanding
(unlimited number of shares, no par value)		5,722,576
Net Asset Value Per Share, Offering and Redemption Price Per Share	$	8.79
Class R Shares
Net Assets	$	3,873,338
Shares of common stock outstanding
(unlimited number of shares, no par value)		440,851
Net Asset Value Per Share, Offering and Redemption Price Per Share	$	8.79

See Notes to Financial Statements.

86	(888) 848-7569 \| www.rivernorth.com

RiverNorth Core Opportunity Fund
Statement of Operations	For the Six Months Ended March 31, 2024 (Unaudited)

INVESTMENT INCOME:
Dividend income	$	1,642,844
Interest income		86,996
Total Investment Income		1,729,840
EXPENSES:
Investment Adviser fee		225,289
Legal expenses		29,503
Transfer agent expenses		26,842
Accounting and administration fee		23,311
12b-1 fees - Class R Shares		21,303
Audit expenses		14,273
Registration expenses		13,093
Compliance expense		11,864
Printing expenses		7,015
Facility loan fees		4,630
Trustee expenses		2,827
Custodian expenses		1,539
Insurance expenses		291
Miscellaneous expenses		4,388
Total Expenses		386,168
Net Investment Income		1,343,672

REALIZED AND UNREALIZED GAIN/(LOSS):
Net realized gain/(loss) on:
Investments		(765,857	)
Net realized loss		(765,857	)
Net change in unrealized appreciation/depreciation on:
Investments		6,468,072
Translation of assets and liabilities denominated in foreign currencies		5
Net change in unrealized appreciation/depreciation		6,468,077
Net Realized and Unrealized Gain on Investments		5,702,220
Net Increase in Net Assets Resulting from Operations	$	7,045,892

Semi-Annual Report | March 31, 2024

RiverNorth/DoubleLine Strategic Income Fund
Statement of Operations	For the Six Months Ended March 31, 2024 (Unaudited)

INVESTMENT INCOME:
Dividend income	$	12,862,787
Dividend income from affiliated securities		1,085,022
Interest income		24,319,757
Other income		42,291
Foreign taxes withheld		(2,965	)
Total Investment Income		38,306,892

EXPENSES:
Investment Adviser fee		4,570,194
Accounting and administration fee		499,042
Facility loan fees		142,038
Legal expenses		110,999
Transfer agent expenses		82,643
Trustee expenses		80,032
Compliance expense		78,742
12b-1 fees - Class R Shares		71,303
Printing expenses		52,847
Registration expenses		50,833
Audit expenses		29,329
Custodian expenses		28,127
Insurance expenses		15,210
Miscellaneous expenses		45,600
Total expenses		5,856,939
Less fees waived/reimbursed by Investment Adviser:		(98,441	)
Net Expenses		5,758,498
Net Investment Income		32,548,394

REALIZED AND UNREALIZED GAIN/(LOSS):
Net realized gain/(loss) on:
Investments		(32,190,122	)
Futures Contracts		(236,629	)
Net realized loss		(32,426,751	)
Net change in unrealized appreciation/depreciation on:
Investments		108,804,747
Affiliated Investments		1,426,568
Futures Contracts		1,294,947
Translation of assets and liabilities denominated in foreign currencies		5
Net change in unrealized appreciation/depreciation		111,526,267
Net Realized and Unrealized Gain on Investments		79,099,516
Net Increase in Net Assets Resulting from Operations	$	111,647,910

See Notes to Financial Statements.

88	(888) 848-7569 \| www.rivernorth.com

RiverNorth/Oaktree High Income Fund
Statement of Operations	For the Six Months Ended March 31, 2024 (Unaudited)

INVESTMENT INCOME:
Dividend income	$	220,538
Interest income		1,782,267
Other income		7,787
Foreign taxes withheld		21
Total Investment Income		2,010,613

EXPENSES:
Investment Adviser fee		268,572
Accounting and administration fee		60,532
Transfer agent expenses		20,072
Audit expenses		14,387
Compliance expense		12,287
Registration expenses		11,003
Custodian expenses		5,721
Facility loan fees		5,345
Printing expenses		4,775
Legal expenses		4,620
12b-1 fees - Class R Shares		4,588
Trustee expenses		3,473
Insurance expenses		320
Miscellaneous expenses		5,202
Total expenses		420,897
Less fees waived/reimbursed by Investment Adviser:
Class I Shares		(49,977	)
Class R Shares		(3,688	)
Net Expenses		367,232
Net Investment Income		1,643,381

REALIZED AND UNREALIZED GAIN/(LOSS):
Net realized gain/(loss) on:
Investments		(324,588	)
Forward foreign currency contracts		(35,133	)
Translation of assets and liabilities denominated in foreign currencies		5,085
Net realized loss		(354,636	)
Net change in unrealized appreciation/depreciation on:
Investments		2,770,516
Forward foreign currency contracts		(67,340	)
Translation of assets and liabilities denominated in foreign currencies		(43	)
Net change in unrealized appreciation/depreciation		2,703,133
Net Realized and Unrealized Gain on Investments, translation of assets and liabilities denominated in foreign currencies and forward foreign currency contracts		2,348,497
Net Increase in Net Assets Resulting from Operations	$	3,991,878

Semi-Annual Report | March 31, 2024

RiverNorth Core Opportunity Fund

Statements of Changes in Net Assets

	For the Six Months Ended March 31, 2024 (Unaudited)			For the Year Ended September 30, 2023
NET INCREASE/(DECREASE) IN NET ASSETS FROM OPERATIONS:
Net investment income	$	1,343,672		$	2,129,229
Net realized loss		(765,857	)		(2,392,542	)
Long-term capital gains from other investment companies		–			270,808
Net change in unrealized appreciation/depreciation on investments		6,468,077			4,958,382
Net increase in net assets resulting from operations		7,045,892			4,965,877

DISTRIBUTIONS TO SHAREHOLDERS:
Class I shares		(564,630	)		(1,233,587	)
Class R shares		(321,316	)		(733,413	)
From tax return of capital
Class I shares		–			(91,455	)
Class R shares		–			(54,374	)
Net decrease in net assets from distributions to shareholders		(885,946	)		(2,112,829	)

CAPITAL SHARE TRANSACTIONS:
Class I Shares
Proceeds from shares sold		1,305,490			2,173,544
Reinvestment of distributions		511,996			1,200,482
Cost of shares redeemed		(2,568,560	)		(5,643,870	)
Net decrease in net assets from capital share transactions		(751,074	)		(2,269,844	)
Class R Shares
Proceeds from shares sold		140,623			214,048
Reinvestment of distributions		318,247			777,524
Cost of shares redeemed		(1,813,879	)		(2,931,654	)
Net decrease in net assets from capital share transactions		(1,355,009	)		(1,940,082	)
Net Increase/(Decrease) in Net Assets		4,053,863			(1,356,878	)

NET ASSETS:
Beginning of period/year	$	43,218,860		$	44,575,738
End of period/year	$	47,272,723		$	43,218,860

See Notes to Financial Statements.

90	(888) 848-7569 \| www.rivernorth.com

RiverNorth Core Opportunity Fund

Statements of Changes in Net Assets

	For the Six Months Ended March 31, 2024 (Unaudited)			For the Year Ended September 30, 2023
OTHER INFORMATION:
Share Transactions:
Class I Shares
Shares sold		189,065			328,036
Shares issued in reinvestment of distributions		73,515			182,130
Shares redeemed		(371,445	)		(853,125	)
Net decrease from share transactions		(108,865	)		(342,959	)
Class R Shares
Shares sold		20,415			32,067
Shares issued in reinvestment of distributions		45,660			117,778
Shares redeemed		(259,241	)		(442,877	)
Net decrease from share transactions		(193,166	)		(293,032	)

Semi-Annual Report | March 31, 2024

RiverNorth/DoubleLine Strategic Income Fund

Statements of Changes in Net Assets

	For the Six Months Ended March 31, 2024 (Unaudited)			For the Year Ended September 30, 2023
NET INCREASE/(DECREASE) IN NET ASSETS FROM OPERATIONS:
Net investment income	$	32,548,394		$	66,387,213
Net realized loss		(32,426,751	)		(79,834,846	)
Long-term capital gains from other investment companies		–			132,834
Net change in unrealized appreciation/depreciation on investments		111,526,267			53,538,659
Net increase in net assets resulting from operations		111,647,910			40,223,860

DISTRIBUTIONS TO SHAREHOLDERS:
Class I shares		(32,485,120	)		(7,850,065	)
Class R shares		(1,529,778	)		(398,363	)
From tax return of capital
Class I shares		–			(74,152,295	)
Class R shares		–			(3,762,969	)
Net decrease in net assets from distributions to shareholders		(34,014,898	)		(86,163,692	)

CAPITAL SHARE TRANSACTIONS:
Class I Shares
Proceeds from shares sold		244,510,871			490,566,723
Reinvestment of distributions		26,894,269			67,534,846
Cost of shares redeemed		(314,047,851	)		(615,512,582	)
Net decrease in net assets from capital share transactions		(42,642,711	)		(57,411,013	)
Class R Shares
Proceeds from shares sold		8,206,903			11,801,009
Reinvestment of distributions		1,462,643			4,040,154
Cost of shares redeemed		(17,917,379	)		(25,210,864	)
Net decrease in net assets from capital share transactions		(8,247,833	)		(9,369,701	)
Net Increase/(Decrease) in Net Assets		26,742,468			(112,720,546	)

NET ASSETS:
Beginning of period/year	$	1,225,647,352		$	1,338,367,898
End of period/year	$	1,252,389,820		$	1,225,647,352

See Notes to Financial Statements.

92	(888) 848-7569 \| www.rivernorth.com

RiverNorth/DoubleLine Strategic Income Fund

Statements of Changes in Net Assets

	For the Six Months Ended March 31, 2024 (Unaudited)			For the Year Ended September 30, 2023
OTHER INFORMATION:
Share Transactions:
Class I Shares
Shares sold		28,821,728			57,165,416
Shares issued in reinvestment of distributions		3,145,393			7,972,440
Shares redeemed		(37,263,101	)		(72,274,751	)
Net decrease from share transactions		(5,295,980	)		(7,136,895	)
Class R Shares
Shares sold		947,068			1,375,355
Shares issued in reinvestment of distributions		170,748			476,071
Shares redeemed		(2,087,176	)		(2,952,110	)
Net decrease from share transactions		(969,360	)		(1,100,684	)

Semi-Annual Report | March 31, 2024

RiverNorth/Oaktree High Income Fund

Statements of Changes in Net Assets

	For the Six Months Ended March 31, 2024 (Unaudited)			For the Year Ended September 30, 2023
NET INCREASE/(DECREASE) IN NET ASSETS FROM OPERATIONS:
Net investment income	$	1,643,381		$	3,197,007
Net realized loss		(354,636	)		(1,063,761	)
Net change in unrealized appreciation/depreciation		2,703,133			3,110,230
Net increase in net assets resulting from operations		3,991,878			5,243,476

DISTRIBUTIONS TO SHAREHOLDERS:
Class I Shares		(1,593,774	)		(3,796,566	)
Class R Shares		(112,973	)		(279,109	)
From tax return of capital
Class I Shares		–			(101,347	)
Class R Shares		–			(7,451	)
Net decrease in net assets from distributions to shareholders		(1,706,747	)		(4,184,473	)

CAPITAL SHARE TRANSACTIONS:
Class I Shares
Proceeds from shares sold		1,020,837			16,237,099
Reinvestment of distributions		1,593,431			3,897,073
Cost of shares redeemed		(3,894,536	)		(15,868,053	)
Net increase/(decrease) in net assets from capital share transactions		(1,280,268	)		4,266,119

Class R Shares
Proceeds from shares sold		377,051			1,130,279
Reinvestment of distributions		112,849			285,386
Cost of shares redeemed		(383,096	)		(1,718,999	)
Net increase/(decrease) in net assets from capital share transactions		106,804			(303,334	)

Net Increase in Net Assets		1,111,667			5,021,788

NET ASSETS:
Beginning of period/year	$	53,089,734		$	48,067,946
End of period/year	$	54,201,401		$	53,089,734

See Notes to Financial Statements.

94	(888) 848-7569 \| www.rivernorth.com

RiverNorth/Oaktree High Income Fund

Statements of Changes in Net Assets

	For the Six Months Ended March 31, 2024 (Unaudited)			For the Year Ended September 30, 2023
OTHER INFORMATION:
Share Transactions:
Class I Shares
Shares sold		117,703			1,938,095
Shares issued in reinvestment of distributions		183,917			464,347
Shares redeemed		(447,641	)		(1,887,488	)
Net increase/(decrease) from share transactions		(146,021	)		514,954

Class R Shares
Shares sold		43,561			133,097
Shares issued in reinvestment of distributions		13,033			34,069
Shares redeemed		(44,907	)		(203,856	)
Net increase/(decrease) from share transactions		11,687			(36,690	)

Semi-Annual Report | March 31, 2024

RiverNorth Core Opportunity Fund

Class I

Financial Highlights

Net asset value - beginning of period

Income/(Loss) from investment operations:

Net investment income^(a)

Net realized and unrealized gain/(loss) on investments

Total income/(loss) from investment operations

Less distributions:

From net investment income

From net realized gain on investments

From tax return of capital

Total distributions

Paid-in capital from redemption fees^(a)

Net increase/(decrease) in net asset value

Net asset value - end of period

Total Return^(d)

Ratios/Supplemental Data:

Net assets, end of period (in thousands)

Ratios to Average Net Assets (including interest expense):

Ratio of expenses to average net assets excluding fee waivers and reimbursements^(f)

Ratio of expenses to average net assets including fee waivers and reimbursements^(f)

Ratio of net investment income to average net assets excluding fee waivers and reimbursements^(f)

Ratio of net investment income to average net assets including fee waivers and reimbursements^(f)

Ratios to Average Net Assets (excluding interest expense):

Ratio of expenses to average net assets excluding fee waivers and reimbursements^(f)

Ratio of expenses to average net assets including fee waivers and reimbursements^(f)

Ratio of net investment income to average net assets excluding fee waivers and reimbursements^(f)

Ratio of net investment income to average net assets including fee waivers and reimbursements^(f)

Portfolio turnover rate

See Notes to Financial Statements.

96	(888) 848-7569 \| www.rivernorth.com

For a share outstanding throughout the periods presented

For the Six Months Ended March 31, 2024 (Unaudited)			For the Year Ended September 30, 2023			For the Year Ended September 30, 2022			For the Year Ended September 30, 2021			For the Year Ended September 30, 2020			For the Year Ended September 30, 2019
$	6.50		$	6.12		$	9.30		$	7.43		$	8.05		$	10.88

	0.21			0.31			0.17			0.28			0.16			0.24
	0.88			0.38			(1.40	)		2.11			(0.41	)		(0.25	)^(b)
	1.09			0.69			(1.23	)		2.39			(0.25	)		(0.01	)

	(0.14	)		(0.29	)		(0.28	)		(0.39	)		(0.19	)		(0.18	)
	–			–			(1.61	)		(0.13	)		(0.18	)		(2.64	)
	–			(0.02	)		(0.06	)		–			–			–
	(0.14	)		(0.31	)		(1.95	)		(0.52	)		(0.37	)		(2.82	)
	–			–			–			–			–			0.00	^(c)
	0.95			0.38			(3.18	)		1.87			(0.62	)		(2.83	)
$	7.45		$	6.50		$	6.12		$	9.30		$	7.43		$	8.05
	16.94	%^(e)		11.37	%		(16.70	%)		32.96	%		(3.00	%)		3.51	%

$	29,741		$	26,662		$	27,196		$	54,868		$	49,994		$	66,662


	N/A	^(g)		N/A			N/A			N/A			N/A			1.22	%

	N/A	^(g)		N/A			N/A			N/A			N/A			1.22	%

	N/A	^(g)		N/A			N/A			N/A			N/A			2.88	%

	N/A	^(g)		N/A			N/A			N/A			N/A			2.88	%


	1.62	%^(g)		1.49	%		1.39	%		1.33	%		1.29	%		1.22	%

	1.62	%^(g)		1.49	%		1.39	%		1.33	%		1.29	%		1.22	%

	6.05	%^(g)		4.75	%		2.17	%		3.19	%		2.10	%		2.88	%

	6.05	%^(g)		4.75	%		2.17	%		3.19	%		2.10	%		2.88	%
	17	%^(e)		60	%		106	%		182	%		110	%		36	%

Semi-Annual Report | March 31, 2024

RiverNorth Core Opportunity Fund	Class I
Financial Highlights	For a share outstanding throughout the periods presented

^(a)	Based on average shares outstanding during the period.
^(b)	Realized and unrealized gains and losses per share in this caption are balancing amounts necessary to reconcile the change in net asset value per share for the period, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the period.
^(c)	Less than $0.005 per share.
^(d)	Total return in the above table represents the rate that the investor would have earned or lost on an investment in the Fund, assuming reinvestment of dividends.
^(e)	Not annualized.
^(f)	The ratios exclude the impact of expenses of the underlying funds in which the Fund invests as represented in the Schedule of Investments.
^(g)	Annualized.

See Notes to Financial Statements.

98	(888) 848-7569 \| www.rivernorth.com

Intentionally Left Blank

RiverNorth Core Opportunity Fund

Class R

Financial Highlights

Net asset value - beginning of period

Income/(Loss) from investment operations:

Net investment income^(a)

Net realized and unrealized gain/(loss) on investments

Total income/(loss) from investment operations

Less distributions:

From net investment income

From net realized gain on investments

From tax return of capital

Total distributions

Paid-in capital from redemption fees^(a)

Net increase/ (decrease) in net asset value