# CEFZ (RiverNorth Active Income ETF)

TrueShares · Allocation ETFs · Moderately conservative · data as of Nov 12, 2026

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. Its name states no stock share or band. https://etfiq.com/promise-index/allocation/

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

## Key facts

- CEFZ, total return, 1 year: +4.8%, as of Nov 12, 2026.
- CEFZ, expense ratio: 2.82%, as of Jan 28, 2026.
- CEFZ, holdings: 47, as of Jul 31, 2026.
- CEFZ, below its high: −4.8%, as of Nov 12, 2026.
- CEFZ, 12-month yield, capital gains included, on its starting price: 9.9%, as of Nov 12, 2026.
- CEFZ, last payment (paid monthly), ex-date Oct 29, 2026: $0.065, as of Oct 29, 2026.
- CEFZ, net assets: $39m (SEC filing, whole fund, as filed for Jul 31, 2026).

## CEFZ over each window to Nov 12, 2026

| Window | Total return | Benchmark (VOO) | Gap to VOO |
| --- | --- | --- | --- |
| 1 month | −0.1% | −2.7% | +2.6 pts |
| 3 months | −4.5% | −2.4% | −2.1 pts |
| 6 months | −1.4% | +1.8% | −3.2 pts |
| Year to date | +3.6% | +12.0% | −8.4 pts |
| 1 year | +4.8% | +12.1% | −7.3 pts |
| Since launch | +11.5% | +21.7% | −10.2 pts |
| Since launch, annualised | +8.9% | – | – |

## CEFZ key stats

- 52-week high, daily closes to Nov 12, 2026: $8.41 on Aug 14, 2026 (computed by ETFIQ from Tiingo daily prices)
- 52-week low, daily closes to Nov 12, 2026: $7.70 on Mar 30, 2026 (computed by ETFIQ from Tiingo daily prices)
- Close on Nov 12, 2026, within that range: $7.80, 15% of the way from the low to the high (computed by ETFIQ from Tiingo daily prices)
- Holdings: 47
- Top ten weight: 50.4%

## CEFZ trading

- Not scored.
- The full trading page: https://etfiq.com/funds/cefz/trading/

## CEFZ for holders outside the US

- US tax withheld on dividends, no treaty: 30% (<https://www.irs.gov/pub/irs-lbi/tax-treaty-table-1.pdf>)
- Treaty rates on dividends (IRS table, read Oct 30, 2026): 65 countries, 10% to 30% (<https://www.irs.gov/individuals/international-taxpayers/tax-treaty-tables>)
- CEFZ interest-related and short-term gain dividends: not read by ETFIQ
- US estate tax filing threshold, non-resident holders: $60,000 (<https://www.irs.gov/instructions/i706na>)
- Share class: Distributing (<https://etfiq.com/learn/non-us-holders>)

Facts from the IRS, not tax advice.

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| What it tracks | No index, actively managed | ETFIQ |
| Fund type | Allocation fund | ETFIQ |
| Category | Allocation · Moderately conservative | ETFIQ |
| Expense ratio | 2.82% | 485BPOS XBRL, Jan 28, 2026 |
| Price | $7.80 | ETFIQ |
| First traded | Aug 4, 2025 | ETFIQ |
| Net assets | $39m | SEC filing, whole fund, as filed for Jul 31, 2026 |
| Benchmark | S&P 500 Total Return Index, measured by VOO, which tracks the same index | ETFIQ, from its filings |
| Benchmark named in | its shareholder report, N-CSR, Oct 8, 2026 | ETFIQ |
| Why this benchmark | Its 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. | ETFIQ |
| CEFZ, 1 year to Nov 12, 2026 | +4.8% | ETFIQ |
| VOO, the same days | +12.1% | ETFIQ |
| Against its benchmark, 1 year | −7.3 pts | ETFIQ |
| Below its high | −4.8% | ETFIQ |
| Holdings | 47 | ETFIQ |
| Top ten weight | 50.4% | ETFIQ |
| Cash, not in the top ten | 2.4% | ETFIQ |
| Holdings as of | Jul 31, 2026 | SEC N-PORT |
| Already in the S&P 500, by weight | 0.0% | ETFIQ |
| Active share vs the S&P 500 | 100.0% | ETFIQ |
| Already in the Nasdaq-100, by weight | 0.0% | ETFIQ |
| Promise check | Not measured. Its name states no stock share or band. | ETFIQ |

## Questions

### 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.


## Cite this page

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 <https://etfiq.com/data/>.

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