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CEFZ ETF — RiverNorth Active Income ETF
RiverNorth Active Income ETF (CEFZ)
Updated October 16, 2026.
Verdict as of October 16, 2026
CEFZ's distribution is rated safe by the Dividend Vision Distribution Safety Score™ (80/100, high confidence). It pays monthly and its distribution rate is 10.17%. The latest total cash payment per current share, $0.066 with an ex-date of September 29, 2026, was 2.9% lower than the previous $0.068. These payments are unclassified; this does not establish a base-dividend change.
Sources: RiverNorth, Section 19a-1 notices, scoring methodology.
CEFZ is an ETF. its distribution rate is 10.17%, its trailing-12-month yield is 10.49%, its expense ratio is 2.82%. Dividend Vision Distribution Safety Score™ is 80/100 (Safe). Total return is 10.4% over the past 1.2 years, 12.2 points behind SPY at 22.6%.
CEFZ dividend yield and income
Price as of 2026-10-16.
The distribution rate (10.17%) uses calculation basis unavailable. Trailing-12-month yield (10.49%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.066. The ex-dividend date is 09/29/2026. The payment date is 09/30/2026.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-09-29 | $0.066 | -2.9% Unclassified cash |
| 2026-08-28 | $0.068 | 1.5% Unclassified cash |
| 2026-07-30 | $0.067 | -1.5% Unclassified cash |
| 2026-06-29 | $0.068 | -1.4% Unclassified cash |
| 2026-05-28 | $0.069 | 0.0% Unclassified cash |
| 2026-04-29 | $0.069 | 3.0% Unclassified cash |
| 2026-03-30 | $0.067 | -2.9% Unclassified cash |
| 2026-02-26 | $0.069 | -1.4% Unclassified cash |
| 2026-01-29 | $0.07 | 2.9% Unclassified cash |
| 2025-12-24 | $0.068 | 1.5% Unclassified cash |
| 2025-11-25 | $0.067 | -2.9% Unclassified cash |
| 2025-10-30 | $0.069 | 0.0% Unclassified cash |
| 2025-09-25 | $0.069 | 1.5% Unclassified cash |
| 2025-08-28 | $0.068 | — |
| 2025 total | $0.341 | — |
| 2026 YTD total | $0.613 | 347.4% vs prior-year YTD |
CEFZ holdings and sector exposure
Holdings are not available for this snapshot.
CEFZ performance versus SPY
Price and return data through 2026-10-16.
Total return is 10.4% over the past 1.2 years, 12.2 points behind SPY at 22.6%. Its deepest 1-year drawdown was 6.7%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -1.6% | — |
| 3M | -3.3% | — |
| 6M | -0.6% | — |
| YTD | 2.6% | — |
| 1Y | 4.8% | — |
| Since inception (1.2 years) | 10.4% | 8.60% |
CEFZ key facts
- Distribution Safety Score™
- 80 · Safe
- Safety-Adjusted Yield
- 8.14%
- Issuer
- RiverNorth
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 12/27/2006
- Expense ratio
- 2.82%
- Distribution rate
- 10.17%
- Distribution frequency
- Monthly
- Trailing yield
- 10.49%
- Last close
- $7.79 (as of 2026-10-16)
- AUM
- $40,728,820
- Average volume
- 5560.0
- Dividend
- $0.066
- Ex-dividend date
- 09/29/2026
- Payment date
- 09/30/2026
- Beta
- 0.86
How Dividend Vision calculates yield and returns
Distribution rate (10.17%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (10.49%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: RiverNorth; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
CEFZ risks and drawbacks
Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 6.7%.
Who may consider CEFZ — and who may not
CEFZ may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on CEFZ
Frequently asked questions
Does CEFZ pay monthly?
Yes. CEFZ currently pays monthly.
What is CEFZ's expense ratio?
CEFZ's expense ratio is 2.82%.
What is CEFZ's dividend yield?
CEFZ's distribution rate is 10.17%, paid monthly, with a 2.82% expense ratio — calculation basis unavailable.
When does CEFZ pay a dividend?
CEFZ pays monthly. The dividend amount is $0.066. The ex-dividend date is 09/29/2026. The payment date is 09/30/2026.
How has CEFZ performed?
Total return is 10.4% over the past 1.2 years, 12.2 points behind SPY at 22.6%. Its deepest 1-year drawdown was 6.7%.
Is CEFZ a good investment?
CEFZ's Dividend Vision Distribution Safety Score is 80 (Safe). That is a risk signal, not investment advice. Its distribution rate is 10.17% (calculation basis unavailable). Compare peers below rather than treating any single figure as a buy or sell.
More securities from RiverNorth.
Tickers
Holdings as-of date unavailable.
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