The portfolio manager distributes the fund's capital across a combination of equity, fixed income, and cash or cash equivalents. This can be achieved either by acquiring stakes in other investment vehicles—such as closed-end funds (including business development companies or BDCs), exchange-traded funds (ETFs), and similar collective investment schemes (collectively known as "underlying funds")—or by making direct investments in individual securities. Typically, over half of the fund's total assets are channeled into these underlying funds to secure exposure to the aforementioned asset categories.

Pershing Square USA, Ltd.

BlackRock Science and Technology Trust II

Clough Global Equity Fund

Blue Owl Technology Finance Corp.

BlackRock Health Sciences Term Trust

Royce Micro-Cap Trust, Inc.

Guggenheim Strategic Opportunities Fund

Royce Value Trust Inc.

FS Specialty Lending Fund

Clough Global Opportunities Fund

Financial Services

Technology

Consumer Cyclical

Industrials

Communication Services

Healthcare

Real Estate

Energy

Basic Materials

Consumer Defensive

RiverNorth Active Income ETF

CEFZ Holdings & Sector Breakdown