RiverNorth Active Income ETF (CEFZ)

The RiverNorth Active Income ETF (CEFZ) is an actively managed exchange-traded fund from RiverNorth Capital Management, a firm that specializes in closed-end fund strategies.

The fund seeks income and total return by investing in income-producing securities, with an emphasis on closed-end funds and similar vehicles across fixed income and other asset classes. The managers aim to add value by buying such funds when they trade at attractive discounts to their net asset values and by allocating tactically among strategies and asset classes.