---
ticker: "CEFZ"
name: "RiverNorth Active Income ETF"
url: "https://etf.net/etf/CEFZ"
grade: "D"
score: 38
graded_at: "2026-10-12"
category: "Closed-End Fund Portfolios"
category_rank: "6 of 7"
methodology: "https://etf.net/methodology"
---

# CEFZ: RiverNorth Active Income ETF

Grade **D**, Score 38 of 100. Rank 6 of 7 in Closed-End Fund Portfolios.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 31 | 5 of 7 |
| Mission | 89 | 2 of 2 |
| Risk | 56 | 3 of 7 |
| Tradability | 23 | 7 of 7 |
| Holdings | 52 | 6 of 7 |
| Durability | 54 | 5 of 7 |

## Top holdings

The fund holds 48 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | PSUS | Pershing Square USA Ltd | 10.51% |
| 2 | SABA | Saba Capital Income & Opportunity Fund II | 5.93% |
| 3 | BSTZ | BlackRock Science and Technology | 5.08% |
| 4 | PXH | Invesco RAFI Emerging Markets | 4.89% |
| 5 | — | Pershing Square Holdings Ltd | 4.40% |
| 6 | GLQ | Clough Global Equity Fund | 4.25% |
| 7 | RMT | Royce Micro-Cap Trust Inc | 3.99% |
| 8 | BMEZ | BlackRock Health Sciences Term | 3.85% |
| 9 | GOF | Guggenheim Strategic Opportunities | 3.58% |
| 10 | RVT | Royce Small-Cap Trust Inc | 3.57% |
| 11 | GLO | Clough Global Opportunities Fund | 3.07% |
| 12 | CPZ | Calamos Long/Short Equity & Dynamic Income | 3.03% |
| 13 | FSSL | FS Specialty Lending Fund | 3.01% |
| 14 | OTF | Blue Owl Technology Finance Corp | 2.99% |
| 15 | PDI | Pimco Dynamic Income Fund | 2.93% |
| 16 | FSCO | FS Credit Opportunities Corp | 2.83% |
| 17 | BSL | Blackstone Senior Floating Rate 2027 | 2.76% |
| 18 | TRIXX | State Street Inst Treasury MMKT - Premier Class | 2.70% |
| 19 | KYN | Kayne Anderson Energy Infrastr | 2.45% |
| 20 | HYT | BlackRock Corporate High Yield | 2.25% |
| 21 | WIW | Western Asset Inflation-Linked Opp & Income | 2.19% |
| 22 | OBDC | Blue Owl Capital Corp | 2.01% |
| 23 | GAB | Gabelli Equity Trust Inc/The | 2.00% |
| 24 | CSQ | Calamos Strategic Total Return | 1.94% |
| 25 | BINC | iShares Flexible Income Active | 1.50% |
| 26 | TSLX | Sixth Street Specialty Lending | 1.28% |
| 27 | HHH | Howard Hughes Holdings Inc | 1.16% |
| 28 | GLV | Clough Global Dividend and Income Fund | 1.07% |
| 29 | BPRE | Bluerock Private Real Estate Fund | 1.04% |
| 30 | PDX | PIMCO Dynamic Income Strategy | 1.04% |

Source: etf.net, https://etf.net/etf/CEFZ. Please cite the page URL.