RiverNorth Active Income ETF (CEFZ) Holdings & Expense Ratio

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빠른 답변

RiverNorth Active Income ETF (CEFZ) has a last stored price of $7.78, as of the Oct 23, 2026 trading session. It has a 3.36% expense ratio and $37M in assets under management.

Holdings and weights below are as of Mar 15, 2026. In the stored portfolio snapshot, the largest listed holding is State Street Instl Treasury MMkt Premier (TRIXX) at 11.17%.

RiverNorth Active Income ETF (CEFZ) ETF — Price, Holdings & Analysis

ETF 개요

CEFZ aims to generate income and capital appreciation by strategically allocating investments across various asset classes, including equities, fixed income securities, and cash equivalents. The fund achieves this diversification by investing in underlying funds, such as closed-end investment companies, ETFs, and business development companies (BDCs); typically, over 50% of its assets are allocated to these underlying funds. A significant portion of the portfolio is allocated to State Street Instl Treasury MMkt Premier (TRIXX) at 11.17%, followed by Pershing Square Holdings Ord (PSH) at 8.49%, and iShares Flexible Income Active ETF (BINC) at 6.55%. This approach allows CEFZ to gain exposure to a broad range of investment strategies and asset classes, potentially enhancing returns and mitigating risk. However, the fund's active management and layered structure contribute to a higher expense ratio. Past performance does not guarantee future results.

위험 지표

CEFZ's multi-asset strategy aims to diversify risk, but its concentration in top holdings introduces specific risks. State Street Instl Treasury MMkt Premier accounts for 11.17% of the portfolio, and the top 10 holdings comprise a significant portion of the total assets. The fund's beta of 0.87 indicates lower volatility compared to the overall market. However, the high expense ratio of 3.36% creates a substantial drag on performance, potentially eroding returns, especially in a lower-return environment. Furthermore, the fund's reliance on underlying funds exposes it to the risks associated with those funds, including management fees and investment strategies. Past performance does not guarantee future results.

베타: 0.87

운용보수율

3.36%

CEFZ은(는) 무엇을 보유하고 있나요?

보유 종목	비중
State Street Instl Treasury MMkt Premier (TRIXX)	11.17%
Pershing Square Holdings Ord (PSH)	8.49%
iShares Flexible Income Active ETF (BINC)	6.55%
Saba Capital Income & Opportunities Fund II (SABA)	4.69%
Clough Global Equity Fund (GLQ)	4.35%
Invesco RAFI Emerging Markets ETF (PXH)	4.33%
Western Asset Inflation-Linked Opportunities and Income Fund (WIW)	4.31%
Royce Value Trust Inc (RVT)	3.55%
BlackRock Science and Technology Trust II (BSTZ)	3.53%
Royce Micro-Cap Trust (RMT)	3.37%

보유 종목 및 비중: 2026년 3월 15일 기준. 이 펀드 데이터는 45일 이상 지났습니다. 최신 보유 종목은 발행사에서 확인하세요.

배당수익률

0.00%

iShares Morningstar Small-Cap Growth ETF (JKK) — 0.06% expense ratio
ARK Innovation ETF (ARKK) — 0.75% expense ratio
Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
WisdomTree Emerging Markets ESG Fund (DVEM) — 0.32% expense ratio
Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) — 0.59% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio

RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) (Equity) — 0.89% expense ratio
TrueShares Equity Hedge ETF (ONEH) (Equity) — 0.79% expense ratio

질문 및 답변

What is CEFZ and what does it track?

The RiverNorth Active Income ETF (CEFZ) is an actively managed fund that invests across multiple asset classes, including equities, fixed income, and cash equivalents.

Unlike passively managed ETFs that track a specific index, CEFZ's investment strategy involves allocating assets through underlying funds such as closed-end investment companies, ETFs, and business development companies (BDCs).

What is the expense ratio for CEFZ?

The expense ratio for the RiverNorth Active Income ETF (CEFZ) is 3.36%. This means that for every $10,000 invested, $336 is used to cover the fund's operating expenses annually.

This expense ratio is significantly higher than the average expense ratio for equity ETFs, which is approximately 0.44%. The impact of this higher expense ratio on their overall returns may be worth researching. Past performance does not guarantee future results.

What are the top holdings in CEFZ?

The top holdings in the RiverNorth Active Income ETF (CEFZ) include State Street Instl Treasury MMkt Premier (TRIXX) at 11.17%, Pershing Square Holdings Ord (PSH) at 8.49%, iShares Flexible Income Active ETF (BINC) at 6.55%, Saba Capital Income & Opportunities…

Fund II (SABA) at 4.69%, and Clough Global Equity Fund (GLQ) at 4.35%.

Is CEFZ a good long-term investment?

Whether CEFZ is a suitable long-term investment depends on an individual investor's risk tolerance, investment goals, and time horizon. The fund's active management and multi-asset strategy offer the potential for diversification and income generation.

However, the high expense ratio of 3.36% can significantly impact long-term returns. Investors should carefully weigh the potential benefits of active management against the cost.

How does CEFZ compare to similar ETFs?

CEFZ differentiates itself with its active management and focus on investing in underlying funds. Compared to passively managed ETFs, CEFZ has a significantly higher expense ratio of 3.36%.

While many multi-asset ETFs exist, CEFZ's specific allocation strategy and focus on closed-end funds and BDCs set it apart.

Does CEFZ pay dividends?

As of 2026-03-15, the RiverNorth Active Income ETF (CEFZ) has a dividend yield of 0.00%. This indicates that the fund is not currently distributing dividends to its shareholders.

Investors seeking income-generating ETFs may want to consider other options with a higher dividend yield. However, it's important to note that dividend yields can fluctuate over time and are not guaranteed. Past performance does not guarantee future results.

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