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About Rareview Tax Advantaged Income ETF
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Inception date
Oct 21, 2020
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
Rareview Capital LLC
Distributor
Foreside Fund Services LLC
RTAI is a fund-of-funds, holding US municipal bond CEFs that pay regular periodic cash distributions and are trading at a discount or premium relative to their underlying NAV. The fund is actively managed, aiming to provide current income in the form of capital gains and distributions from its CEFs holdings. To achieve this end, the fund generally sells CEFs shares when its discount-to-NAV has moved significantly above its fair value, as determined by the Adviser. RTAI may also employ a strategy that allows the fund to participate in the dividend distribution by purchasing CEFs shares prior to the ex-dividend date, then selling it after the distribution. Given the funds focus on municipals, a large portion of RTAIs income is federal tax-exempt. The fund primarily invests in CEFs of any credit quality and maturity, but up to 30% of its portfolio may represent municipal or short-term Treasury ETFs. Due to the nature of CEFs, investors should anticipate a higher turnover rate.
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
Bonds, Cash & Other100.00%
Mutual fund98.16%
Cash1.84%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
RTAI top holdings are BlackRock MuniHoldings Fund Inc and Western Asset Managed Municipals Fund, occupying 11.28% and 10.86% of the portfolio correspondingly.
RTAI last dividends amounted to 0.11 USD. The month before, the issuer paid 0.11 USD in dividends, which shows a 2.16% increase.
RTAI assets under management is 17.11 M USD. It's fallen 1.29% over the last month.
RTAI fund flows account for −1.43 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, RTAI pays dividends to its holders with the dividend yield of 6.25%. The last dividend (May 5, 2025) amounted to 0.11 USD. The dividends are paid monthly.
RTAI shares are issued by Neil Azous Revocable Trust under the brand Rareview Funds. The ETF was launched on Oct 21, 2020, and its management style is Active.
RTAI expense ratio is 4.72% meaning you'd have to pay 4.72% of your investment to help manage the fund.
RTAI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
RTAI invests in funds.
RTAI price has risen by 1.80% over the last month, and its yearly performance shows a −2.03% decrease. See more dynamics on RTAI price chart.
NAV returns, another gauge of an ETF dynamics, showed a −5.41% decrease in three-month performance and has increased by 3.31% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −5.41% decrease in three-month performance and has increased by 3.31% in a year.
RTAI trades at a premium (0.05%) meaning the ETF is trading at a higher price than the calculated NAV.