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 |
|---|---|---|---|---|
| ECAT | BlackRock ESG Capital Allocation Trust | Financial Services | Asset Management | 15.94% |
| ASA | ASA Gold and Precious Metals Ltd | Financial Services | Asset Management | 9.31% |
| GDV | Gabelli Dividend & Income Closed Fund | Financial Services | Asset Management | 7.20% |
| PDX | PIMCO Energy & Tactical Credit Opps | Financial Services | Asset Management | 7.13% |
| GAM | General American Investors Closed Fund | Financial Services | Asset Management | 5.20% |
| NBXG | Neuberger Berman Next Generation Connectivity Fund Inc | Financial Services | Asset Management | 5.02% |
| NFJ | Virtus Dividend Interest & Premium Strategy Fund | Financial Services | Asset Management | 3.96% |
| NMAI | Nuveen Multi-Asset Income Fund | Financial Services | Asset Management | 3.88% |
| ADX | Adams Diversified Equity Closed Fund | Financial Services | Asset Management | 3.74% |
| MEGI | MainStay CBRE Global Infrastructure Megatrends Fund | Financial Services | Asset Management | 3.56% |
| BCAT | BlackRock Capital Allocation Trust | Financial Services | Asset Management | 3.17% |
| BFZ | BlackRock California Municipal Income Closed Fund | Financial Services | Asset Management | 3.14% |
| EVM | Eaton Vance California MBF | Financial Services | Asset Management | 2.50% |
| ENX | Eaton Vance New York MBF | Financial Services | Asset Management | 2.46% |
| MHI | Pioneer Municipal High Income Trust | Financial Services | Asset Management | 2.44% |
| MAV | Pioneer Municipal High Income Advantage Trust | Financial Services | Asset Management | 2.16% |
| HQL | Tekla Life Sciences Investors | Financial Services | Asset Management | 1.68% |
| LEO | BNY Mellon Strategic Municipals Inc | Financial Services | Asset Management | 1.23% |
| BOE | BlackRock Global Opportunities Equity Trust | Financial Services | Asset Management | 1.20% |
| AFB | AllianceBernstein National Municipal Income Fund | Financial Services | Asset Management | 1.10% |