BATS | ETF
The fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by normally investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities issued by closed-end funds (the underlying funds).
The advisor expects to invest in underlying funds operated by a diversified group of closed-end fund managers (underlying fund managers) that invest in equity and fixed income securities.
The fund normally invests in underlying funds that primarily pursue high income opportunities.
Top 20 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| BSTZ | BlackRock Science and Technology Trust II | Financial Services | Asset Management | 12.38% |
| ASA | ASA Gold and Precious Metals Ltd | Financial Services | Asset Management | 8.86% |
| NFJ | Virtus Dividend Interest & Premium Strategy Fund | Financial Services | Asset Management | 7.33% |
| ECAT | BlackRock ESG Capital Allocation Trust | Financial Services | Asset Management | 6.72% |
| GDV | Gabelli Dividend & Income Closed Fund | Financial Services | Asset Management | 3.73% |
| PDX | PIMCO Energy & Tactical Credit Opps | Financial Services | Asset Management | 3.25% |
| GAM | General American Investors Closed Fund | Financial Services | Asset Management | 3.17% |
| NBXG | Neuberger Berman Next Generation Connectivity Fund Inc | Financial Services | Asset Management | 3.06% |
| NML | Neuberger Berman MLP | Financial Services | Asset Management | 2.96% |
| SPXX | Nuveen S&P 500 Dynamic Overwrite Fund | Financial Services | Asset Management | 2.49% |
| MHI | Pioneer Municipal High Income Trust | Financial Services | Asset Management | 2.20% |
| EVM | Eaton Vance California MBF | Financial Services | Asset Management | 2.12% |
| ENX | Eaton Vance New York MBF | Financial Services | Asset Management | 2.06% |
| MXF | Mexico Closed Fund | Financial Services | Asset Management | 2.01% |
| RMT | Royce Micro Cap Closed Fund | Financial Services | Asset Management | 1.99% |
| MAV | Pioneer Municipal High Income Advantage Trust | Financial Services | Asset Management | 1.95% |
| JOF | Japan Smaller Capitalization Closed Fund | Financial Services | Asset Management | 1.94% |
| BIGZ | Blackrock Innovation & Growth Trust | Financial Services | Asset Management | 1.79% |
| MEGI | MainStay CBRE Global Infrastructure Megatrends Fund | Financial Services | Asset Management | 1.69% |
| HFRO | Highland Opportunities and Income Fund | Financial Services | Asset Management | 1.51% |