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 | 6.89% |
| EDD | Morgan Stanley Emerging Markets Domestic Debt Closed Fund | Financial Services | Asset Management | 6.09% |
| TEI | Templeton Emerging Markets Income Closed Fund | Financial Services | Asset Management | 5.06% |
| 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 | 4.29% |
| LDP | Cohen & Steers Limited Duration Preferred and Income Closed Fund | Financial Services | Asset Management | 3.65% |
| MHD | BlackRock MuniHoldings Closed Fund | Financial Services | Asset Management | 3.42% |
| 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 | 3.25% |
| MYD | BlackRock MuniYield Fund | Financial Services | Asset Management | 3.18% |
| NBH | Neuberger Berman IMF Inc | Financial Services | Asset Management | 3.08% |
| DLY | DoubleLine Yield Opportunities Fund Common Shares of Beneficial Interest | Financial Services | Asset Management | 2.83% |
| BLE | BlackRock MIT II | Financial Services | Asset Management | 2.83% |
| PDX | PIMCO Energy & Tactical Credit Opps | Financial Services | Asset Management | 2.57% |
| BIT | Blackrock Multi Sector Income Closed Fund | Financial Services | Asset Management | 2.52% |
| BHK | BlackRock Core Bond Closed Fund | Financial Services | Asset Management | 2.51% |
| CARY | Angel Oak Income ETF | 2.48% |