Global Moderately Conservative Allocation · BATS · USD · Data as of 2026-06-20
AUM
$39.57M
Expense ratio
3.36%
Yield
9.30%
YTD return
+6.03%
Last price
$8.27
Unclassified · Coverage 50% · low
Today
68.3
Outlook
39.1
Block A (composite-derived)
12.5
Block C (market behavior)
89.8
Today overlay (Block D)
0.0
Outlook overlay (Block D)
0.0
today_score = clip(0,100, 50 + 0.15·(A−50) + 0.60·(C−50) + D_today). Block B (holdings rollup) is in Phase 3 development; β=0 caps the natural range at ~12.5–87.5 in Preview v0.9. Formula version tide-etf-v1.0.0.
12.5
Coverage 50% · low
Liquidity
25.0
Expenses
0.0
Performance
—
Volatility
—
Dividend
0.0
Concentration
25.0
Smart Money
—
Activist
—
Formula version composite-v1.0.0. Axes hover to see why a sub-score is missing.
RiverNorth Active Income ETF (CEFZ) is an exchange-traded fund in the Mixed asset class. Assets under management: 38,824,220.
Bullish Whales composite rating: 13 out of 100. Evidence coverage 50% across 4 of 8 axes. Strongest axes: liquidity, concentration, expenses.
Weakest axes: dividend, expenses.
Top-10 weight 1%, diversified, led by PSH. Trailing yield 0%.
etf_composite_score_current · composite_score, concentration_score, confidence, coverage_pct, dividend_score, expenses_score, liquidity_scoreetf_fundamentals_td · dividend_frequency, yieldetf_holdings_top10 · holding_symbol, weightetf_universe · asset_class, aum_usd, fund_type, inception_date, issuer, name, tickerRiverNorth Active Income ETF is an actively managed multi-asset exchange-traded fund designed to deliver income alongside long-term capital appreciation. The fund primarily invests in closed-end funds and exchange-traded funds spanning both equity and fixed income markets, seeking to harness opportunities from changes in discounts and premiums of closed-end funds relative to their net asset values. According to its sponsor, the strategy combines quantitative and qualitative analysis to allocate across domestic and international exposures, emphasizing income generation with an opportunistic approach to market inefficiencies. The vehicle represents the conversion of a nearly two-decade mutual fund, maintaining a substantially similar objective and investment philosophy under the ETF structure. Management roles are split with TrueShares as advisor and RiverNorth as sub-adviser and strategy manager. The fund’s stated aim includes producing an attractive distribution profile while offering a differentiated, potentially uncorrelated source of alpha tied to closed-end fund discount dynamics, positioning it as a specialized tool for income-focused, multi-asset allocation within diversified portfolios.
Net AUM change history is not yet available for this ETF. Fund-flow time series is a Phase B deliverable.
Current AUM: $39,565,304. AUM change is computed from rolling daily fundamentals snapshots; it reflects total net-asset deltas (creations/redemptions + market value moves), not pure share creations.
Fund documents (fact sheets, prospectuses, semi-annual reports) for CEFZ are coming soon. The BW fund-document archive will surface PDFs alongside a metadata index for searchability.