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% | ||
| EDD | Morgan Stanley Emerging Markets Domestic Debt Closed Fund | Financial Services | Asset Management | 6.89% |
| BTZ | BlackRock Credit Allocation Income Trust | Financial Services | Asset Management | 4.93% |
| TEI | Templeton Emerging Markets Income Closed Fund | Financial Services | Asset Management | 4.58% |
| EAD | Allspring Income Opportunities Fund | Financial Services | Asset Management | 4.38% |
| HYEM | VanEck Emerging Markets High Yield Bond ETF | 4.38% | ||
| FAX | Aberdeen Asia-Pacific IF Inc | Financial Services | Asset Management | 4.30% |
| RA | Brookfield Real Assets Income | Financial Services | Asset Management | 4.26% |
| EMD | Western Asset Emerging Markets Debt | Financial Services | Asset Management | 3.88% |
| MHD | BlackRock MuniHoldings Closed Fund | Financial Services | Asset Management | 3.78% |
| HYT | BlackRock Corporate High Yield Fund | Financial Services | Asset Management | 3.74% |
| LDP | Cohen & Steers Limited Duration Preferred and Income Closed Fund | Financial Services | Asset Management | 3.61% |
| HIO | Western Asset High Income Opportunity Closed Fund | Financial Services | Asset Management | 3.45% |
| HIX | Western Asset High Income II Closed Fund | Financial Services | Asset Management | 3.31% |
| MYD | BlackRock MuniYield Fund | Financial Services | Asset Management | 3.15% |
| DLY | DoubleLine Yield Opportunities Fund Common Shares of Beneficial Interest | Financial Services | Asset Management | 3.09% |
| BLE | BlackRock MIT II | Financial Services | Asset Management | 2.75% |
| KIO | KKR Income Opportunities Fund | Financial Services | Asset Management | 2.70% |
| MSD | Morgan Stanley Emerging Markets Debt Closed Fund | Financial Services | Asset Management | 2.58% |
| MQY | BlackRock MuniYield Quality Closed Fund | Financial Services | Asset Management | 2.53% |