RiverNorth Active Income ETF
$7.87−0.03 (−0.35%)
- 2.82%
- $41M
- +7.7%
- 10.34%
- 0M sh
- $7.90
- low $7.57high $8.70
The ETF.net CEFZ Grade
D
Score 38 out of 100
- 6 of 7
Score 38 of 100 falls in the D 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.D31 out of 100Rank 5 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.B56 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.F23 out of 100Rank 7 of 7Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C52 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
DAn 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
- 48
- 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.
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CEFZ$10,767
Returns run to the Oct 12, 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 | +4.0% |
| 1 month | −1.5% |
| 3 months | −1.5% |
| 1 year | +7.7% |
| 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 | +4.0% | |
| 2025 | +7.7% |
CEFZ in the news
CEFZ Dividends
- 10.34%
- $0.82
- $0.07 per share
- Monthly
Distribution history
CEFZ Risk
- 9.6%
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.
- 0.43
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
2.82%
CEFZ2.82%
- The middle half of Closed-End Fund Portfolios funds
- Median 2.76%
4 of the 7 Closed-End Fund Portfolios funds charge less.
Other funds in Closed-End Fund Portfolios
- BCCEFCalamos CEF Income & Arbitrage ETFExpense ratio 0.74%1 year return +8.9%
- BPCEFInvesco CEF Income Composite ETFExpense ratio 2.76%1 year return +5.9%
- CCEFSSaba Opportunistic Hedged Closed-End Funds ETFExpense ratio 1.11%1 year return +16.3%
- CYYYAmplify CEF High Income ETFExpense ratio 3.23%1 year return +1.0%
- DRDFIRareview Dynamic Fixed Income ETFExpense ratio 4.23%1 year return −3.1%