Key stats
About Elevation Series Trust RiverNorth Active Income ETF
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Inception date
Aug 4, 2025
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
RiverNorth Capital Management LLC
Distributor
Paralel Distributors LLC
CEFZ pursues a flexible, tactical asset allocation strategy informed by its assessment of relative investment attractiveness. Allocation considers various factors, including fundamental and technical analysis. Typically, over 50% of assets are invested in funds (ETFs and closed-end funds). The remainder is invested in individual equity and debt securities, as well as REITs, limited partnerships, and structured securities. Equities may be of any market capitalization from around the world. Fixed income investments can be of any maturity. When investing in closed-end funds, the adviser identifies growth and income potential using historical models to determine whether these are trading at an attractive discount. CEFZ selects ETFs for targeted sector or style exposure, cost, and tax efficiency. Allocations to asset classes, sectors, and countries reflect the funds risk/reward assessments and market research. The actively managed fund may use total return swaps.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Mutual fund
ETF
Stocks5.61%
Finance3.70%
Miscellaneous1.90%
Bonds, Cash & Other94.39%
Mutual fund80.84%
ETF13.61%
Rights & Warrants0.00%
Cash−0.06%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
No, CEFZ doesn't pay dividends to its holders.
CEFZ shares are issued by RiverNorth Holding Co. under the brand RiverNorth. The ETF was launched on Aug 4, 2025, and its management style is Active.
CEFZ expense ratio is 3.36% meaning you'd have to pay 3.36% of your investment to help manage the fund.
CEFZ follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CEFZ invests in funds.