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 |
|---|---|---|---|---|
| TBIL | Rbb Fund Inc - Us Treasury 3 Month Bill ETF | 15.07% | ||
| 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 | 6.80% |
| EDD | Morgan Stanley Emerging Markets Domestic Debt Closed Fund | Financial Services | Asset Management | 6.18% |
| EAD | Allspring Income Opportunities Fund | Financial Services | Asset Management | 4.57% |
| TEI | Templeton Emerging Markets Income Closed Fund | Financial Services | Asset Management | 4.50% |
| FAX | Aberdeen Asia-Pacific IF Inc | Financial Services | Asset Management | 4.30% |
| RA | Brookfield Real Assets Income | Financial Services | Asset Management | 4.05% |
| LDP | Cohen & Steers Limited Duration Preferred and Income Closed Fund | Financial Services | Asset Management | 3.69% |
| BTZ | BlackRock Credit Allocation Income Trust | Financial Services | Asset Management | 3.39% |
| HIX | Western Asset High Income II Closed Fund | Financial Services | Asset Management | 3.31% |
| FPF | First Trust Intermediate Duration Preferred and Income Closed Fund | Financial Services | Asset Management | 3.14% |
| MYD | BlackRock MuniYield Fund | Financial Services | Asset Management | 3.02% |
| MHD | BlackRock MuniHoldings Closed Fund | Financial Services | Asset Management | 2.75% |
| PDX | PIMCO Energy & Tactical Credit Opps | Financial Services | Asset Management | 2.58% |
| CARY | Angel Oak Income ETF | 2.45% | ||
| NBH | Neuberger Berman IMF Inc | Financial Services | Asset Management | 2.42% |
| BFK | BlackRock Municipal Income Closed Fund | Financial Services | Asset Management | 2.31% |
| ERC | Allspring Multi Sector Income Fund | Financial Services | Asset Management | 2.25% |
| BLE | BlackRock MIT II | Financial Services | Asset Management | 2.16% |