CEFZ
RiverNorth Active Income ETF
📎 Investment Objective
The RiverNorth Active Income ETF (CEFZ) seeks to provide current income and capital appreciation.
Overview
ETF tracking RiverNorth Active Income ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The RiverNorth Active Income ETF (CEFZ) seeks to provide current income and capital appreciation.
🎯 Investment Strategy
The fund invests primarily in closed-end funds (CEFs) that the portfolio managers believe are trading at a discount to their net asset value (NAV). The managers use an active, value-oriented approach to identify undervalued CEFs across various asset classes and sectors.
✨ Key Features
- Actively managed portfolio of closed-end funds
- Focuses on identifying undervalued CEFs trading at a discount to NAV
- Diversified exposure across asset classes and sectors
- Aims to provide current income and capital appreciation
⚠️ Primary Risks
- Market risk: The value of the fund's investments may decline due to general market conditions
- Closed-end fund risk: The price of CEFs may trade at a discount or premium to their NAV
- Sector/asset class concentration risk: The fund may have significant exposure to certain sectors or asset classes
- Management risk: The investment decisions made by the portfolio managers may not produce the desired results
👤 Best For
The RiverNorth Active Income ETF may be suitable for investors seeking current income and capital appreciation through a diversified portfolio of closed-end funds. Investors should have a medium to long-term investment horizon and be willing to accept the risks associated with the fund's investment strategy.