RiverNorth Active Income ETF (CEFZ)

RiverNorth Active Income ETF (CEFZ) is an exchange-traded fund in the Global Moderately Conservative Allocation category. It has $39.73M in assets, an expense ratio of 3.36% and a 9.75% dividend yield. The fund's adviser will allocate the fund's investments among equities, fixed income securities, and cash and cash equivalents. The adviser may allocate to the various asset classes either through the purchase of closed-end investment companies (including business development companies (BDCs)), exchange-traded funds ("ETFs") and other investment companies (collectively, "underlying funds") or through direct investment in the various securities. To achieve exposure to the asset classes discussed…