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CEFZ · RiverNorth Active Income ETF

$7.80
−1.3% · 1 day, price
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<p>Data: <a href="https://etfiq.com/funds/cefz">ETFIQ CEFZ analysis</a></p>

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CEFZ is actively managed and returned +4.8% over the past year.

How does CEFZ compare with its benchmark over 1 year?What does CEFZ cost to own and to trade?What does CEFZ hold?
1-year total return
+4.8%VOO +12.1% to Nov 12, 2026
Expense ratio
2.82%a year
Allocation fund · Actively managedExpense ratio 2.82%Fund assets $39m net assets, latest filing (Jul 31, 2026)First traded Aug 4, 2025Benchmark S&P 500 Total Return Index, measured by VOO, which tracks the same indexSEC filings ↗Dividend history

CEFZ returned +4.8% over the year to Nov 12, 2026, charges 2.82% a year and holds $39m in net assets on Jul 31, 2026.

Promise check: Not measured

Analyze CEFZPut to the committeeAdd to portfolioOverlapRisk checkAlerts
Growth of $10,000

CEFZ vs VOO, 1 year

Total return, distributions reinvested, Nov 11, 2025 to Nov 11, 2026.

CEFZ $10,629 +6.3%VOO $11,251 +12.5%Returns from daily closes. Data
Scorecard · vs

CEFZ risk and return scorecard

Not measured: no scorecard was computed for this fund.

Method

Total return

What you earned

CEFZ −0.1%, VOO −2.7%: total return over one month to Nov 12, 2026.
$10,000 in CEFZ would be $9,990, over one month to Nov 12, 2026.
CEFZ−0.1%
VOO−2.7%
CEFZ −4.5%, VOO −2.4%: total return over three months to Nov 12, 2026.
$10,000 in CEFZ would be $9,550, over three months to Nov 12, 2026.
CEFZ−4.5%
VOO−2.4%
CEFZ −1.4%, VOO +1.8%: total return over six months to Nov 12, 2026.
$10,000 in CEFZ would be $9,860, over six months to Nov 12, 2026.
CEFZ−1.4%
VOO+1.8%
CEFZ +3.6%, VOO +12.0%: total return year to date, Dec 31, 2025 to Nov 12, 2026.
$10,000 in CEFZ would be $10,360, year to date, Dec 31, 2025 to Nov 12, 2026.
CEFZ+3.6%
VOO+12.0%
CEFZ +4.8%, VOO +12.1%: total return over one year to Nov 12, 2026.
$10,000 in CEFZ would be $10,480, over one year to Nov 12, 2026.
CEFZ+4.8%
VOO+12.1%
CEFZ +11.5%, VOO +21.7%: total return since launch to Nov 12, 2026.
$10,000 in CEFZ would be $11,150, since launch to Nov 12, 2026.
CEFZ+11.5%
VOO+21.7%
askIQ: why did CEFZ return +4.8% over one year, against VOO’s +12.1%? ↗
Fees over time · hypothetical
Fees paid
$2,488
Of the amount
24.9%

At CEFZ’s 2.82% a year, taken each year from the amount after growth. Hypothetical.

No index, actively managed

How concentrated, and what does it cost?

+4.8%
Total return, 1 year
Report
2.82%
Expense ratio
Report
47
Holdings
Report
−4.8%
Below its high
Report
9.9%
12-month yield, capital gains included, on its starting price
Report
$0.065
Last payment (paid monthly), ex-date Oct 29, 2026
Report
Sector mix
Cost against like funds
askIQ: is a 2.82% fee low for a fund like CEFZ? ↗

12 committee seats read CEFZ on data as of Nov 12, 2026: 0 Supports, 3 Mixed, 3 Challenges, 6 without enough data.

0 Supports3 Mixed3 Challenges6 Not enough data
  • Bogle
  • Graham
  • Buffett & Munger
  • Lynch
  • Templeton
  • Dalio
  • Marks
  • Druckenmiller
  • Swensen
  • Wood
  • Livermore
  • Skeptic

Watch the committee read CEFZ How the committee works

12 seats on CEFZ, as of Nov 12, 2026: 3 Mixed, 3 Challenges, 6 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostMixed
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherChallenges
In the tradition ofHoward MarksMarks-style Cycles & RiskChallenges
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationMixed
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingMixed
Uses ETFIQ’s measuresETFIQ SkepticETFIQ’s own seatNot enough data
Put CEFZ to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Risk Officer

Risk check

What to look at before you hold CEFZ. Not advice.

As of Nov 13, 2026, CEFZ crossed 0 of 5 ETFIQ risk lines.

OverlapNot publishedNot published
Trading costNot publishedNot published
Premium or discountNot publishedNot published
ConcentrationTop 10 holdings are 50.4% of the fundClear
ClosureNo closure flagClear

Lines and sources: Method. Check several funds at once on My Portfolio.

More on CEFZ

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Price and total return, 1 year

$7.80−1.3%1 day, priceClose, Nov 12, 2026

Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 12, 2026. Updated every trading night. Report a data error

Points (pts) are percentage points.

CEFZ returns by window: total return, cash paid and price change
WindowTotal returnBenchmark (VOO)Gap to VOO
1M Oct 13 – Nov 12, 2026−0.1%−2.7%+2.6 pts
3M Aug 13 – Nov 12, 2026−4.5%−2.4%−2.1 pts
6M May 14 – Nov 12, 2026−1.4%+1.8%−3.2 pts
YTD Dec 31, 2025 – Nov 12, 2026+3.6%+12.0%−8.4 pts
1Y Nov 12, 2025 – Nov 12, 2026+4.8%+12.1%−7.3 pts
Since launch Aug 4, 2025 – Nov 12, 2026+11.5%+21.7%−10.2 pts
Since launch, annualised Aug 4, 2025 – Nov 12, 2026+8.9%––

Total returns, distributions reinvested. Listed Aug 2025: no 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

CEFZ key stats

52-week high, daily closes to Nov 12, 2026 (ETFIQ)$8.41 on Aug 14, 2026
52-week low, daily closes to Nov 12, 2026 (ETFIQ)$7.70 on Mar 30, 2026
Close on Nov 12, 2026, within that range (ETFIQ)$7.80, 15% of the way from the low to the high
Holdings47
Top ten weight50.4%
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Nov 11, 2026
Trading · CEFZas of Nov 11, 2026
·
Not scored2 of 6 measured · Nov 11, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
One dealer
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

CEFZ for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
CEFZ interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

CEFZ is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work
Download all holdings

CEFZ top ten by weight, 7.3% of the fund, of its 7 equity positions, from the holdings filed for Jul 31, 2026. Source: the fund’s SEC filing.

Blue Owl Technology Finance Co OTF 2.79%
Sixth Street Specialty Lending TSLX 1.05%
Blue Owl Capital Corp OBDC 1.01%
Howard Hughes Holdings Inc HHH 0.98%
Crescent Capital BDC Inc CCAP 0.51%
Carlyle Secured Lending Inc CGBD 0.50%
New Mountain Finance Corp NMFC 0.50%
Fund filings on SEC EDGAR ↗See all 47 holdings →Check overlap with another fund →

Source: Holdings filing (SEC Form N-PORT). Data as of Jul 31, 2026. Updated when the fund files its next report.

About CEFZ

What it tracksNo index, actively managed
Fund typeAllocation fund
Category (ETFIQ)Allocation · Moderately conservative
Expense ratio (485BPOS XBRL, Jan 28, 2026)2.82%
Price$7.80
First tradedAug 4, 2025
Net assets (SEC filing, whole fund, as filed for Jul 31, 2026)$39mReport
Benchmark (ETFIQ, from its filings)S&P 500 Total Return Index, measured by VOO, which tracks the same index
Benchmark named inits shareholder report, N-CSR, Oct 8, 2026
Why this benchmarkIts prospectus names no index it tracks. Its daily returns fit VOO at R-squared 0.63 over the year to Nov 12, 2026 (251 days), above the 0.30 floor.
CEFZ, 1 year to Nov 12, 2026+4.8%
VOO, the same days+12.1%
Against its benchmark, 1 year (ETFIQ)−7.3 pts
Below its high (ETFIQ)−4.8%
Holdings47
Top ten weight50.4%
Cash, not in the top ten2.4%
Holdings as of (SEC N-PORT)Jul 31, 2026
Already in the S&P 500, by weight (ETFIQ)0.0%
Active share vs the S&P 500 (ETFIQ)100.0%
Already in the Nasdaq-100, by weight (ETFIQ)0.0%
Promise checkNot measured. Its name states no stock share or band.

Questions people ask about CEFZ

How has CEFZ performed?
Over the year to Nov 12, 2026, CEFZ returned +4.8% with distributions reinvested, against +12.0% for the S&P 500.
What does CEFZ cost?
The prospectus expense ratio is 2.82% a year.
What does CEFZ hold?
47 positions as filed for Jul 31, 2026, with the top ten at 50.4% of the fund. 0% of its weight is in stocks the S&P 500 also holds.
How far is CEFZ below its high?
4.8% below its high of Aug 14, 2026, measured on the reinvested series to Nov 12, 2026.
Sources and dates
Prices, CEFZ and Benchmark (VOO)Tiingo end-of-day · Nov 12, 2026
Fee, 2.82%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $39mSEC filing, whole fund · Jul 31, 2026
HoldingsHoldings filing (SEC Form N-PORT) · Jul 31, 2026 ↗
IssuerTrueShares website ↗
All fund filingsFund filings on SEC EDGAR ↗
TrueShares’s own site ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, CEFZ, allocation fund, data as of Nov 12, 2026. https://etfiq.com/funds/cefz

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

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CEFZ: CEFZ over 1 year: total return +4.8%, its benchmark S&P 500 Total Return Index through VOO +12.1%, −7.3 pts. Data to Nov 12, 2026.
<figure style="margin:0;max-width:640px">
<iframe src="https://etfiq.com/embed/core/cefz/" title="CEFZ: CEFZ over 1 year: total return +4.8%, its benchmark S&amp;P 500 Total Return Index through VOO +12.1%, −7.3 pts. Data to Nov 12, 2026." width="640" height="370" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">CEFZ: CEFZ over 1 year: total return +4.8%, its benchmark S&amp;P 500 Total Return Index through VOO +12.1%, −7.3 pts. Data to Nov 12, 2026. Data: <a href="https://etfiq.com/funds/cefz">ETFIQ</a></figcaption>
</figure>

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