CEFZ
·CBOE
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Key Stats
Assets Under Management
36.67MUSD
Fund Flows (1Y)
-28.00KUSD
Dividend Yield
4.16%
Discount/Premium to NAV
0.63%
Shares Outstanding
4.50M
Expense Ratio
3.36%
About RiverNorth Active Income ETF
Issuer
TrueMark Investments, LLC
Brand
RiverNorth
Home Page
Inception Date
Dec 27, 2006
Structure
Open-Ended Fund
Index Tracked
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Management Style
Active
Dividend Treatment
Distributes
Distribution Tax Treatment
Ordinary income
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
Truemark Investments LLC
Distributor
Paralel Distributors LLC
CEFZ is an actively managed fund that primarily invests in closed-end funds and exchange-traded funds. While RiverNorth believes markets are generally efficient, closed-end funds offer a unique structure whereby investors can purchase a diversified fund and potentially generate additional return through the change in the relationship between the closed-end fund's market price and Net Asset Value (NAV). The Fund's objective is to achieve long-term capital appreciation and income.
Classification
Asset Class
Asset Allocation
Category
Asset Allocation
Focus
Target Outcome
Niche
Income & Capital Appreciation
Strategy
Active
Geography
--
Weighting Scheme
Proprietary
Selection Criteria
Proprietary
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | -0.25% | +0.23% | +3.27% | +3.27% | +3.27% | +3.27% |
NAV Total Return | +2.20% | +1.34% | — | — | — | — |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
Financial Services
58.77%
Technology
7.81%
Energy
6.90%
Real Estate
6.36%
Industrials
6.23%
Consumer Cyclical
4.69%
Utilities
2.32%
Healthcare
2.26%
Communication Services
2.02%
Financial Services
58.77%
Technology
7.81%
Energy
6.90%
Real Estate
6.36%
Industrials
6.23%
Consumer Cyclical
4.69%
Utilities
2.32%
Healthcare
2.26%
Communication Services
2.02%
Show more
Asset
Region
86.95%
9.08%
1.74%
1.35%
0.74%
0.14%
Category
Ratio
North America
86.95%
Asia
9.08%
Latin America
1.74%
Europe
1.35%
Africa/Middle East
0.74%
Australasia
0.14%
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
Pershing Square Holdings Ltd
9.65%
iShares Flexible Income Active
6.52%
SABA
Saba Capital
4.94%
WIW
Western Asset Inflation-Linked Opportunities & Income Fund
4.26%
GLQ
Clough Global Equity
4.17%
PXH
Invesco RAFI Emerging Markets ETF
3.95%
BCX
BlackRock Resources
3.94%
BSTZ
BlackRock Science
3.54%
CPZ
Calamos Long/Short
3.28%
RVT
Royce Small-Cap
3.16%
Top 10 Weight 47.41%
57 Total Holdings
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-12-24 | 2025-12-24 | 2025-12-26 | 0.068 |
| 2025-11-25 | 2025-11-25 | 2025-11-26 | 0.067 |
| 2025-10-30 | 2025-10-30 | 2025-10-31 | 0.069 |
| 2025-09-25 | 2025-09-25 | 2025-09-26 | 0.069 |
| 2025-08-28 | 2025-08-28 | 2025-08-29 | 0.068 |
Premium/Discount Chart
Premium/Discount to NAV
Price
1M
Assets Under Management
Assets Under Management
1M
Fund Flows
Inflows
Outflows
1M
