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 | 6.25% |
| TEI | Templeton Emerging Markets Income Closed Fund | Financial Services | Asset Management | 5.15% |
| EMD | Western Asset Emerging Markets Debt | Financial Services | Asset Management | 4.94% |
| 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 | 4.28% |
| LDP | Cohen & Steers Limited Duration Preferred and Income Closed Fund | Financial Services | Asset Management | 3.69% |
| MHD | BlackRock MuniHoldings Closed Fund | Financial Services | Asset Management | 3.39% |
| HIO | Western Asset High Income Opportunity Closed Fund | Financial Services | Asset Management | 3.36% |
| 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 | 3.17% |
| NBH | Neuberger Berman IMF Inc | Financial Services | Asset Management | 3.02% |
| DLY | DoubleLine Yield Opportunities Fund Common Shares of Beneficial Interest | Financial Services | Asset Management | 2.87% |
| BLE | BlackRock MIT II | Financial Services | Asset Management | 2.81% |
| KIO | KKR Income Opportunities Fund | Financial Services | Asset Management | 2.74% |
| BIT | Blackrock Multi Sector Income Closed Fund | Financial Services | Asset Management | 2.54% |
| BHK | BlackRock Core Bond Closed Fund | Financial Services | Asset Management | 2.54% |