Saba Closed End Funds ETF (CEFS)
| Assets | $237.28M |
| Expense Ratio | 5.81% |
| PE Ratio | 20.38 |
| Shares Out | 10.80M |
| Dividend (ttm) | $1.75 |
| Dividend Yield | 7.88% |
| Ex-Dividend Date | Oct 24, 2024 |
| Payout Ratio | 161.67% |
| 1-Year Return | +20.08% |
| Volume | 75,709 |
| Open | 22.13 |
| Previous Close | 22.16 |
| Day's Range | 22.00 - 22.16 |
| 52-Week Low | 18.13 |
| 52-Week High | 22.61 |
| Beta | 0.81 |
| Holdings | 107 |
| Inception Date | Mar 21, 2017 |
About CEFS
Fund Home PageThe Saba Closed End Funds ETF (CEFS) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that seeks to generate high income by investing in closed-end funds trading at a discount to net asset value and hedging for duration risk. CEFS was launched on Mar 21, 2017 and is issued by Exchange Traded Concepts.
Top 10 Holdings
92.04% of assets| Name | Symbol | Weight |
|---|---|---|
| BlackRock ESG Capital Allocation Term Trust | ECAT | 24.11% |
| BlackRock Innovation and Growth Term Trust | BIGZ | 16.16% |
| The Gabelli Dividend & Income Trust | GDV | 8.03% |
| PIMCO Dynamic Income Strategy Fund | PDX | 8.02% |
| ASA Gold and Precious Metals Limited | ASA | 7.98% |
| Neuberger Berman Next Generation Connectivity Fund Inc. | NBXG | 6.66% |
| Nuveen Multi-Asset Income Fund | NMAI | 5.88% |
| Adams Diversified Equity Fund, Inc. | ADX | 5.70% |
| BlackRock Capital Allocation Term Trust | BCAT | 4.77% |
| NYLI CBRE Global Infrastructure Megatrends Term Fund | MEGI | 4.72% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Oct 24, 2024 | $0.140 | Oct 25, 2024 |
| Sep 24, 2024 | $0.140 | Sep 25, 2024 |
| Aug 26, 2024 | $0.140 | Aug 27, 2024 |
| Jul 24, 2024 | $0.140 | Jul 25, 2024 |
| Jun 24, 2024 | $0.140 | Jun 25, 2024 |
| May 23, 2024 | $0.140 | May 28, 2024 |
News
3 Strong Income ETFs, Yields 6.2% - 8.3%
CARY, CLOZ, and CEFS are three of the strongest income ETFs in the market right now. CARY's diversified, high-quality portfolio is perfect for more risk-averse investors. It has a solid 6.2% yield, an...
CEFS: Recent Developments
CEFS is an actively managed ETF run by Saba. The fund sports a strong 8.1% yield and a solid performance track-record. A look at some of its more recent developments follows. These include an activist...
Ideas For Managing CEF Discount Volatility
Volatility in the closed-end fund, or CEF, market has recently increased, while tight discounts create a point of vulnerability for the market. We discuss various strategies investors can use to make ...
CEFS: This Fund Of Funds Has Delivered In 2024, 8% Yield
Saba Closed-End Funds ETF is managed by activist hedge fund Saba Capital, known for focusing on closed-end funds. Recent success with the New America High Income Fund resulted in a significant +7% pri...
8-15% Yield Options In The Saba Fund Suite
We take a look at the trio of Saba's public investment funds. CEFS is a pure-play fund of CEFs, while the CEFs BRW and SABA have allocations to a diverse array of securities, including reinsurance, lo...
Undercovered Dozen ETF Edition: China, Bitcoin, Cybersecurity, Motley Fool +
This ETF Edition highlights 12 less covered exchange-traded fund ideas on Seeking Alpha from June 1st - July 15th. ETFs in our first edition include Saba Closed-End Funds, iShares 20+ Year Treasury Bo...
CEF Weekly Review: Saba And Invesco Call Truce (For Now)
We review CEF market valuation and performance through the third week of June and highlight recent market action. CEFs were mixed with widening discounts, but most sectors are up month-to-date, led by...
CEFS: Remains An Attractive Closed-End Fund Focused ETF
Saba Closed-End Funds ETF has put up strong performance since our last update and beat out FOF as expected. CEFS is a leveraged ETF that invests in closed-end funds, providing exposure to activist tar...
CEFS: A Unique Closed-End Fund Play
Saba Closed-End Funds ETF aims to generate excess returns by investing in closed-end funds trading discounted to their net asset value. The CEFS ETF is managed by Saba Capital Management, founded by B...
3 Strong Income ETFs, With +8.0% Yields
BIZD, CEFS, and CLOZ are three income ETFs offering investors strong, above-average yields, in the 8.4%-10.5% range. BIZD has the highest yield but is quite risky. CLOZ has the lowest yield, with low ...
Sell MDIV, Buy CEFS
MDIV is a multi-asset class ETF focusing on income-producing asset classes and securities. The fund's strategy and security selection process have led to underperformance compared to index funds of it...
Dissecting The Current CEF Sell-Off And Opportunities
We take a look at the shape of the current CEF sell-off. The sell-off has followed a similar pattern to previous instances, with equity funds falling more than fixed-income funds, leveraged funds unde...
CEFS: Good Relative To Peers, But Lagging Inflation
Saba Closed-End Funds ETF is an actively managed ETF of closed-end funds with a distribution rate of 8.53% and a portfolio of 98 CEFs. The fund has a flexible investment strategy but lacks transparenc...
Passive Vs. Active ETFs Of CEFs
While ETFs are traditionally passive products, active opportunities in the broader ETF market have been growing significantly over the past few years. Active ETFs of CEFs have historically had lower d...
These 7 High-Yield CEFs Reduced Distributions In 2024, Consider Buying Anyway
abrdn, a UK-based fund manager, has been aggressively acquiring and merging closed-end funds aka CEFs from other managers to expand its offerings. CEFs have advantages over traditional dividend-paying...
Consider Selling PCEF And Buying CEFS Instead
Invesco CEF Income Composite ETF offers diversified exposure to income-producing closed-end funds with a strong 10.1% yield. Saba Closed-End Funds ETF has a stronger performance track record, due to s...
CEFS: The Best Closed-End Funds To Buy For 2024
Saba Capital, founded by Boaz Weinstein, has won industry awards and focuses on activism to close discounts in closed-end funds. The Saba Closed-End Funds ETF aims to generate high income and currentl...
FOF Is Richly Priced, CEFS Could Be An Alternative
Cohen & Steers Closed-End Opportunity Fund takes a fund of closed-end funds approach, offering significant diversification. FOF is currently trading at a fairly elevated premium, which is unusual in l...
CEFS: Investing With Award-Winning Portfolio Managers
The Saba Close-end Funds ETF engages in closed-end fund arbitrage by buying closed-end funds trading at a discount to NAV. Saba is also not afraid to get its hands dirty and engage in activist campaig...
CEFS: Solid Performance But High Fees
Saba Closed-End Funds ETF is a closed-end fund arbitrage strategy that seeks to provide high levels of income. CEFS has a high annual fund operating expense of ~2.9%, significantly higher than the ave...
CEFS: Join Forces With Boaz Weinstein In His Battle With Blackrock
Saba Closed-End Funds ETF outperforms other closed-end funds ETFs in both falling and rising interest rate environments. CEFS actively manages its portfolio to extract maximum shareholder value, inclu...
CEFS: Diversified Fund Of CEFs, Strong 9.1% Yield, Strong Performance Track Record
CEFS is a diversified fund of CEFs. The fund offers investors exposure to dozens of high-yield CEFs, yields 9.1%, and has outperformed. An overview of the fund follows.
CEFS: A Well-Managed, Well-Performing, And High-Yielding Closed-End Fund ETF
The Saba Closed-End Funds ETF is managed by Boaz Weinstein. CEFS provides income-oriented investors a diversified access to the closed-end fund universe.
Earning Income Through ETFs Of CEFs
Many investors are unfamiliar with the closed-end fund structure or uncomfortable with their premium/discount volatility. There are only a few options for ETFs of CEFs, but they are all very different...