Rareview Tax Advantaged Income ETF (RTAI)

The fund aims to capture income opportunities from these closed-end funds, which typically offer regular periodic cash distributions. By targeting these specialized funds, the ETF seeks to leverage their income-generating potential while navigating market pricing variations.

In addition to its primary investment in municipal bond closed-end funds, the ETF maintains flexibility by allowing up to 30% of its assets to be allocated to municipal or short-term Treasury exchange-traded funds (ETFs). This allocation strategy is employed when the adviser determines that such ETFs present superior investment opportunities or enhanced liquidity compared to the closed-end funds. This approach aims to optimize the fund’s overall return and liquidity profile while maintaining its tax-advantaged income focus.

The underlying municipal bond closed-end funds included in the ETF typically invest in a diverse array of municipal securities issued by state and local governments. These securities are often favored for their tax-exempt status, which can provide investors with attractive after-tax yields. The fund’s investment in these closed-end funds allows for exposure to a broad range of municipal bonds, potentially enhancing the stability and income generation of the portfolio.

The Rareview Tax Advantaged Income ETF is designed for investors seeking a tax-efficient income stream through municipal bonds. Its investment strategy emphasizes both capitalizing on pricing inefficiencies in closed-end funds and maintaining a flexible approach by including high-quality municipal and Treasury ETFs. This diversified investment approach aims to deliver consistent income while managing risk through careful asset allocation.