RTAIRareview Tax Advantaged Income ETF
RTAI Fund Description
RTAI actively selects US municipal bond closed-end funds (CEFs), seeking to provide current income
RTAI Factset Analytics Insight
RTAI is a fund-of-funds, holding US municipal bond CEFs that pay regular periodic cash distributions and are trading at a discount or premium relative to their underlying NAV. The fund is actively managed, aiming to provide current income in the form of capital gains and distributions from its CEFs holdings. To achieve this end, the fund generally sells CEF’s shares when its discount-to-NAV has moved significantly above its fair value, as determined by the Adviser. RTAI may also employ a strategy that allows the fund to participate in the dividend distribution by purchasing CEF’s shares prior to the ex-dividend date, then selling it after the distribution. Given the fund’s focus on municipals, a large portion of RTAI’s income is federal tax-exempt. The fund primarily invests in CEFs of any credit quality and maturity, but up to 30% of its portfolio may represent municipal or short-term Treasury ETFs. Due to the nature of CEFs, investors should anticipate a higher turnover rate.
RTAI Summary Data
RTAI Portfolio Data
RTAI Index Data
RTAI Portfolio Management
RTAI Tax Exposures
RTAI Fund Structure
RTAI Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of RTAI. RTAI is rated a 1 out of 5.