BATS | ETF
Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in fixed income closed-end funds trading at a discount or premium to their underlying net asset value and that pay regular periodic cash distributions.
Through its investments in closed-end funds that hold non-U.S. fixed income securities, the fund may invest indirectly in foreign securities, including securities of issuers located in emerging markets.
Top 20 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| BILS | SPDR Series Trust - SPDR Bloomberg Barclays 3-12 Month T-Bill ETF | 9.01% | ||
| EMD | Western Asset Emerging Markets Debt | Financial Services | Asset Management | 6.65% |
| EDD | Morgan Stanley Emerging Markets Domestic Debt Closed Fund | Financial Services | Asset Management | 5.82% |
| TEI | Templeton Emerging Markets Income Closed Fund | Financial Services | Asset Management | 4.84% |
| EAD | Allspring Income Opportunities Fund | Financial Services | Asset Management | 4.43% |
| HYEM | VanEck Emerging Markets High Yield Bond ETF | 4.42% | ||
| RA | Brookfield Real Assets Income | Financial Services | Asset Management | 4.37% |
| FAX | Aberdeen Asia-Pacific IF Inc | Financial Services | Asset Management | 4.30% |
| FEMB | First Trust Emerging Markets Local Currency Bond ETF | 3.82% | ||
| LDP | Cohen & Steers Limited Duration Preferred and Income Closed Fund | Financial Services | Asset Management | 3.70% |
| BTZ | BlackRock Credit Allocation Income Trust | Financial Services | Asset Management | 3.37% |
| TBIL | Rbb Fund Inc - Us Treasury 3 Month Bill ETF | 3.32% | ||
| HIX | Western Asset High Income II Closed Fund | Financial Services | Asset Management | 3.31% |
| MYI | BlackRock MuniYield Quality Closed Fund III | Financial Services | Asset Management | 3.20% |
| MYD | BlackRock MuniYield Fund | Financial Services | Asset Management | 3.16% |
| USHY | iShares Broad USD High Yield Corporate Bond ETF | 2.94% | ||
| MHD | BlackRock MuniHoldings Closed Fund | Financial Services | Asset Management | 2.86% |
| BLE | BlackRock MIT II | Financial Services | Asset Management | 2.77% |
| PDX | PIMCO Energy & Tactical Credit Opps | Financial Services | Asset Management | 2.59% |
| NBH | Neuberger Berman IMF Inc | Financial Services | Asset Management | 2.51% |