RiverNorth Active Income ETFCEFZ

TrueSharesIncomeDividend Stocks#313 of 469 by YTD

$7.87

−0.1% last session

+4.5% YTD

Data as of 11/3/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Dec 31, 2025 – Nov 3, 2026CEFZS&P 500 · VOOIncome average

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	−0.1%	+0.1%	−1.9%	+4.5%	+6.4%	—	—	+12.4%
Peer average	−0.2%	+0.1%	−1.6%	+9.4%	+12.1%	+61.7%	+48.9%	—
S&P 500 · VOO	+0.3%	−2.6%	−1.7%	+11.5%	+11.9%	+90.9%	+77.5%	—

Key Statistics

Open all fund facts →

AUM: $40M
Expense ratio: 2.82%
Distribution yield: 10.3%
NAV: $7.85
Volume: 4K
Avg. volume 30D: 19K
High today: $7.88
Low today: $7.85
Previous close: $7.87
52-week high: $8.70
52-week low: $7.57
Our risk indicator: 3/5

CEFZ in One Breath

CEFZ Among Dividend Stocks ETFs

YTD

#1AMDYYieldMax+88.6%$409M

#2USOYDefiance+70.9%$78.2M

#3DIVBiShares+35.5%$2.3B

#4SCHDSchwab+32.8%$121B

#5EIPXFirst Trust+30.0%$590M

#6HDViShares+29.3%$16.2B

#7EINCVanEck+28.1%$84.9M

#8XUDVFranklin Templeton+27.9%$79.4M

#220CEFZTrueShares+4.5%$40.2M

End-of-day Nov 4, 2026 · 324 Dividend stocks ETFs by YTD

$10,000 in CEFZ

$10,000 in CEFZ became

$11,243

In the S&P 500 (VOO)

$12,127

Total return, dividends in · Aug 4, 2025 – Nov 3, 2026 · S&P 500 uses VOO

CEFZ’s Top Holdings

Today

PSUSPershing Square USA10.5%SABA5.9%TRIXX5.3%PXH4.6%BSTZ4.4%GLQ4.2%BMEZ4.0%RMT3.8%OTF3.8%GOF3.6%RVT3.5%GLO3.1%FSSL3.0%CPZ3.0%FSCO2.8%BSL2.7%KYN2.4%ORCC2.3%WIW2.2%HYT2.2%GAB2.0%CSQ24 more

PSUSPershing Square USA10.5%SABA5.9%TRIXX5.3%PXH4.6%BSTZ4.4%GLQ4.2%BMEZ4.0%RMT3.8%OTF3.8%GOF3.6%RVT3.5%34 more

Financial ServicesOther

TrueShares CEFZ · 46 holdings · tile size = share of the fund · as of Nov 3, 2026

What CEFZ Holds

Today

Financial Services64.6%

PSUS 10.5 · SABA 5.9 · TRIXX 5.3 · PXH 4.6 · BSTZ 4.4 · GLQ 4.2 · BMEZ 4.0

Technology11.4%

[…]

Consumer Cyclical6.4%

[…]

Industrials5.5%

[…]

Communication Services4.6%

[…]

Real Estate2.3%

HHH

Healthcare2.2%

[…]

TrueShares CEFZ · share of the fund by sector · as of Nov 3, 2026

Pershing’s Share of CEFZ

Today

10.5%

$105 of every $1,000 in CEFZ is Pershing

Pershing held by CEFZ

$4.2M

Most Pershing per dollar

CEFZ10.5%

ACKY9.8%

TrueShares CEFZ · each square = $10 of $1,000 · as of Nov 3, 2026

CEFZ’s Share of Dividend Stocks ETFs

Today

0.0%

of the $854B in 402 Dividend stocks ETFs

CEFZ$40.2M0.0%

SCHD$121B14.2%

VIG$109B12.8%

399 others$623B73.0%

Dividend stocks ETF AUM · Nov 4, 2026

CEFZ Fee per $100 vs Peers

Today

$2.82a year
per $100

$282 a year on $10,000

VIG$0.04

VYM$0.04

SCHD$0.06

DGRO$0.08

CGDV$0.33

CEFZ$2.82

Expense ratio · Dividend stocks peers · Nov 4, 2026

Inside CEFZ

46 holdings · as of Nov 3, 2026

CEFZ

RiverNorth Active Income ETF

Today

Financial Services64.6%PSUS10.5%SABA5.9%TRIXX5.3%PXH4.6%BSTZ4.4%GLQ4.2%BMEZ4.0%RMT3.8%OTF3.8%GOF3.6%FSCO2.8%BSL2.7%ORCC2.3%HYT6 moreTechnology11.4%Consumer Cyclical6.4%Industrials5.5%Communication Services4.6%HHHOther30.4%RVT3.5%GLO3.1%FSSL3.0%CPZ3.0%KYN2.4%WIWGABCSQGLVPDXBCATBPREBRWBIT8 more

Financial Services64.6%PSUS10.5%SABA5.9%TRIXX5.3%PXH4.6%BSTZ4.4%14 more holdings29.8% of the fundTechnology11.4%Consumer Cyclical6.4%Industrials5.5%Communication Services4.6%Other30.4%RVTGLOFSSLCPZKYNWIW16 more

#	Ticker	Company	Weight ▼
1	PSUS	Pershing Square USA	10.47%
2	SABA	SABA Capital Income & Opportunity Fund II	5.85%
3	TRIXX	State Street Inst Treasury MMKT - Premier Class	5.26%
4	PXH	Invesco RAFI Emerging Markets	4.63%
5	BSTZ	BlackRock Science and Technology	4.42%
6	GLQ	Clough Global Equity Fund	4.18%
7	BMEZ	BlackRock Health Sciences Term	4.03%
8	RMT	Royce Micro-Cap Trust	3.84%
9	OTF	Blue Owl Technology Finance	3.83%
10	GOF	Guggenheim Strategic Opportunities	3.62%

Financial ServicesTechnologyConsumer CyclicalIndustrialsCommunication ServicesReal EstateHealthcareEnergyBasic MaterialsConsumer DefensiveUtilitiesOther

TrueShares CEFZ · current holdings by weight · as of Nov 3, 2026 · each tile is one holding · top 20 = 77.5%

How It Compares

CEFZ

RiverNorth Active Income ETF’s Peers

YTD


SCHD	SchwabRead Desk	0.06%	+32.8%	+37.6%	$121.5B
VIG	VanguardRead Desk	0.04%	+14.0%	+15.9%	$109.1B
VYM	VanguardRead Desk	0.04%	+15.8%	+19.0%	$78.9B
DGRO	iSharesRead Desk	0.08%	+18.0%	+21.0%	$45.1B
CGDV	Capital GroupRead Desk	0.33%	+13.0%	+16.1%	$38.8B
CEFZ	TrueSharesThis fundRead Desk	2.82%	+4.5%	+6.4%	$40M

Dividend stocks peers · YTD and past-year returns · as of Nov 4, 2026 · sorted by AUM

Head to Head

Put CEFZ head to head with SCHD →

SCHD vs CEFZ

YTD

SCHDSchwab · Dividend stocksCEFZTrueShares · Dividend stocks

Year to date

+32.8%

+4.5%

SCHD wins+28.3 pts

Past year

+37.6%

+6.4%

SCHD wins+31.2 pts

Fee

0.06%

2.82%

SCHD winslower fee

Yield

3.0%

10.3%

CEFZ wins+7.4 pts

AUM

$121B

$40.2M

SCHD3020.5× more

3–1SCHD wins

Schwab SCHD and TrueShares CEFZ · year-to-date · as of Nov 4, 2026 · AUM not scored

CEFZ vs VOO

YTD

CEFZ · RiverNorth Active Income

+4.5%

VOO · S&P 500

+11.5%

Gap

7.0 pts

TrueShares CEFZ and Vanguard VOO · YTD total return · as of Nov 4, 2026

CEFZ vs Its Peer Average

YTD

CEFZAvsBPeer average

1D−0.1%−0.2%

1M+0.1%+0.1%

3M−1.9%−1.6%

YTD+4.5%+9.4%

1Y+6.4%+12.1%

3Y[…]+61.7%

5Y[…]+48.9%

1–4Peer average wins

401 Dividend stocks peers · each row scaled to its leader

The Details

CEFZ

Risk

3/5our risk indicator

CalmerBumpier

Volatility · 1Y10.58%

Deepest drop · 1Y−6.7%

Lowest point · 5Y0.0%

52-week range

$7.87

$7.57−9.6% from the high$8.70

TrueShares CEFZ · past-year price moves · as of Nov 4, 2026

CEFZ

Fund Facts

Today

2006launched Dec 27

Tracks[…]

Exchange · CUSIPCBOE · 210322673

StructureETF

Leverage1x

Cost on $10,000$282 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

TrueShares CEFZ · fund facts · as of Nov 4, 2026

CEFZ

Payouts by Year

$0.0650per share, Oct 2026

Distribution yield10.3%

PaidEvery month

Latest ex-date · paidOct 29 · Oct 30, 2026

12 payouts added up$0.81 a share

TrueShares CEFZ · distributions by ex-date · 2025–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-07-31 ↗SEC reported portfolio · 2026-06-30 ↗SEC reported portfolio · 2026-03-31 ↗SEC reported portfolio · 2025-12-31 ↗prospectus · SEC 485BPOS ↗summary prospectus · SEC 497K ↗annual report · SEC N-CSR ↗SEC reported portfolio · 2025-09-30 ↗summary prospectus · SEC 497K ↗prospectus · SEC 485BPOS ↗prospectus · SEC 497 ↗prospectus · SEC 497 ↗prospectus · SEC 485APOS ↗

Trading & Liquidity

Net asset value$7.85

Premium / discount[…]

Median spread · 30D[…]

Volume today4K

Average volume · 30D19K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio2.82%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$282.00

Our risk indicator3/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Oct 29, 2026	Oct 30, 2026	$0.0650
Sep 29, 2026	Sep 30, 2026	$0.0660
Aug 28, 2026	Aug 31, 2026	$0.0680
Jul 30, 2026	Jul 31, 2026	$0.0670
Jun 29, 2026	Jun 30, 2026	$0.0680
May 28, 2026	May 29, 2026	$0.0690
Apr 29, 2026	Apr 30, 2026	$0.0690
Mar 30, 2026	Mar 31, 2026	$0.0670
Feb 26, 2026	Feb 27, 2026	$0.0690
Jan 29, 2026	Jan 30, 2026	$0.0700
Dec 24, 2025	Dec 26, 2025	$0.0680
Nov 25, 2025	Nov 26, 2025	$0.0670

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