RiverNorth Active Income ETF
$7.94+0.08 (+1.05%)
- 2.82%
- $40M
- +6.0%
- 10.34%
- 20.6K sh
- low $7.57high $8.70
The ETF.net CEFZ Grade
C
Score 47 out of 100
- 4 of 7
Score 47 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C54 out of 100Rank 3 of 7Mission
Whether the fund did what it promised, tested against its stated mandate.A89 out of 100Rank 2 of 2Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B57 out of 100Rank 3 of 7Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F24 out of 100Rank 7 of 7Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C48 out of 100Rank 6 of 7Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C54 out of 100Rank 5 of 7
Our read on CEFZ
In short
CA 2006 mutual fund that became an ETF in 2025, still running the same play: buy closed-end funds trading below the value of what they hold, and collect the income. All-in cost is 2.82%, with no waiver behind it, and cash goes out monthly.
Stated mandate
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
Worth knowing
CEFZ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
CEFZ$10,599
Returns run to the Nov 3, 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 | +4.4% |
| 1 month | +0.2% |
| 3 months | −1.4% |
| 1 year | +6.0% |
| 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 | +4.4% | |
| 2025 | +7.7% |
CEFZ in the news
CEFZ Dividends
- 10.34%
- $0.81
- $0.07 per share
- Monthly
CEFZ Risk
- 9.2%
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.
- 0.40
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.
FMP measures it over up to five years of monthly returns.
CEFZ Cost
Overpaying vs CEFS, cheapest in Closed-End Fund Portfolios
$2,128
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
CEFZ 2.82%
$41,962
CEFS 2.61% Cheapest
$39,834
Cost over time
Year by year
| Year | CEFZ | CEFS | Overpaying |
|---|---|---|---|
| 10 | $4,611 | $4,305 | $306 |
| 20 | $16,015 | $15,082 | $933 |
| 30 | $41,962 | $39,834 | $2,128 |
Other funds in Closed-End Fund Portfolios
- BCEFSSaba Opportunistic Hedged Closed-End Funds ETFExpense ratio 2.61%1 year return +14.4%
- CYYYAmplify CEF High Income ETFExpense ratio 3.23%1 year return +0.4%
- CFCEFFirst Trust Income Opportunities ETFExpense ratio 3.69%1 year return +7.2%
- CCCEFCalamos CEF Income & Arbitrage ETFExpense ratio 3.19%1 year return +6.3%
- DRDFIRareview Dynamic Fixed Income ETFExpense ratio 4.23%1 year return −2.3%
