RiverNorth Active Income ETF
$8.02−0.07 (−0.92%)
- Expense ratio
- 0.89%
- Fund size
- $42M
- 1Y return
- +7.2%
- Yield · Last 12 months
- 10.13%
- Holdings
- 51
- Volume · 30D
- 0M sh
- NAV per share
- $8.10
- 52W range
The ETF.net CEFZ Grade
Score 48 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 59Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 89Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 52Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 20Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 52Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 54Category rank
Our read on CEFZ
CAn actively managed all-in-one fund: US and international stocks, bonds and cash, assembled largely out of other funds and paid out monthly. Small, thinly traded, and carrying an inception date back to 2006.
The Fund seeks long-term capital appreciation and income. Its adviser allocates among international and domestic equities, fixed-income securities, and cash, using underlying funds or direct investments.
Why people hold it
- Genuinely active. The adviser shifts the mix across domestic and international equities, fixed income and cash, using underlying funds or direct positions rather than tracking a fixed index.
- Distributions arrive monthly rather than on the more common quarterly schedule.
- What's inside matches what's advertised: a compact book of roughly 50 positions spanning the stock, bond and cash sleeves the mandate describes.
- Inception dates to 2006, so the strategy behind the ticker has been running far longer than a typical new ETF launch.
Worth knowing
- At 0.89% a year, it charges more than the typical fund in its allocation peer group. That's the toll for a human deciding the mix.
- A small fund that trades thinly, which tends to mean wider gaps between the buy and sell price than you'd see in a heavily traded ETF.
- Index-built allocation rivals such as AOA and IRTR cover similar stock-and-bond ground for a fraction of the fee, minus the active mix-shifting.
CEFZ Holdings
- Stocks
- 51
- 50%
- PSUS
Geography
- United States100.00%
CEFZ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | CEFZ |
|---|---|
| Year to date | +5.7% |
| 1 month | −1.8% |
| 3 months | +1.1% |
| 1 year | +7.2% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | CEFZ |
|---|---|---|
| 2026 YTD | +5.7% | |
| 2025 | +7.7% |
CEFZ in the news
ETF.net Research hasn’t filed on CEFZ yet — coverage lands here as it’s written.
CEFZ Dividends
- 10.13%
- $0.82
- $0.07 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 28, 2026 | Aug 31, 2026 | $0.07 |
| Jul 30, 2026 | Jul 31, 2026 | $0.07 |
| Jun 29, 2026 | Jun 30, 2026 | $0.07 |
| May 28, 2026 | May 29, 2026 | $0.07 |
| Apr 29, 2026 | Apr 30, 2026 | $0.07 |
| Mar 30, 2026 | Mar 31, 2026 | $0.07 |
| Feb 26, 2026 | Feb 27, 2026 | $0.07 |
| Jan 29, 2026 | Jan 30, 2026 | $0.07 |
| Dec 24, 2025 | Dec 26, 2025 | $0.07 |
| Nov 25, 2025 | Nov 26, 2025 | $0.07 |
| Oct 30, 2025 | Oct 31, 2025 | $0.07 |
| Sep 25, 2025 | Sep 26, 2025 | $0.07 |
CEFZ Risk
- 8.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.96
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −6.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.84
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
CEFZ Cost
- The middle half of Closed-End Fund Portfolios funds
- Median 1.11%
2 of the 7 Closed-End Fund Portfolios funds charge less.