RiverNorth Active Income ETF

Frequently Asked Questions About CEFZ

What does CEFZ invest in?

The portfolio manager distributes the fund's capital across a combination of equity, fixed income, and cash or cash equivalents. This can be achieved either by acquiring stakes in other investment vehicles—such as closed-end funds (including business development companies or BDCs), exchange-traded funds (ETFs), and similar collective investment schemes (collectively known as "underlying funds")—or by making direct investments in individual securities. Typically, over half of the fund's total assets are channeled into these underlying funds to secure exposure to the aforementioned asset categories.

What is the expense ratio of CEFZ?

RiverNorth Active Income ETF (CEFZ) charges an expense ratio of 0.89%. This is the annual fee deducted from fund assets to cover management and operations.

What is CEFZ's dividend yield?

CEFZ's trailing-twelve-month yield is 8.44%, calculated from the sum of dividends over the past year divided by the current price.

How big is CEFZ?

RiverNorth Active Income ETF (CEFZ) manages $39.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is CEFZ actively managed or an index fund?

CEFZ's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was CEFZ launched?

RiverNorth Active Income ETF (CEFZ) launched in December 2006 and is managed by TrueShares.