Saba Closed End Funds ETF (CEFS)

BATS: CEFS · Real-Time Price · USD
22.18
-0.18 (-0.81%)
Aug 1, 2025, 4:00 PM - Market closed
-0.81%
Assets$301.08M
Expense Ratio4.29%
PE Ration/a
Shares Out13.30M
Dividend (ttm)$1.88
Dividend Yield8.49%
Ex-Dividend DateJul 30, 2025
Payout FrequencyMonthly
Payout Ration/a
Volume107,733
Open22.29
Previous Close22.36
Day's Range22.15 - 22.36
52-Week Low18.59
52-Week High22.70
Beta0.71
Holdings99
Inception DateMar 21, 2017

About CEFS

Fund Home Page

The 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.

Asset Class Asset Allocation
Category Tactical Allocation
Stock Exchange BATS
Ticker Symbol CEFS

Top 10 Holdings

87.84% of assets
NameSymbolWeight
Cash & Cash Equivalentsn/a24.46%
BlackRock ESG Capital Allocation Term TrustECAT15.82%
ASA Gold and Precious Metals LimitedASA8.50%
The Gabelli Dividend & Income TrustGDV7.31%
Us Dollar Futuren/a6.87%
PIMCO Dynamic Income Strategy FundPDX6.76%
General American Investors Company, Inc.GAM5.21%
Neuberger Berman Next Generation Connectivity Fund Inc.NBXG5.18%
Virtus Dividend, Interest & Premium Strategy FundNFJ3.97%
Nuveen Multi-Asset Income FundNMAI3.78%
View More Holdings

Dividends

Ex-DividendAmountPay Date
Jul 30, 2025$0.140Jul 31, 2025
Jun 26, 2025$0.140Jun 27, 2025
May 29, 2025$0.140May 30, 2025
Apr 29, 2025$0.140Apr 30, 2025
Mar 27, 2025$0.140Mar 28, 2025
Feb 27, 2025$0.140Feb 28, 2025
Full Dividend History

Performance

CEFS had a total return of 12.54% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.69%.

News

CEFS: Monthly Income With High Total Return

Saba Capital Closed-End Funds ETF (CEFS) is a fund of closed-end funds paying a monthly distribution with special dividend in December. Founder Boaz Weinstein's activist approach drives outperformance...

19 days ago - Seeking Alpha

CEFS: Professional Exposure To A Niche Market Strategy

Saba Closed-End Funds ETF (CEFS) offers unique exposure to CEF arbitrage, capitalizing on discounts to NAV and activist strategies for potential alpha. Despite an extremely high 4.29% expense ratio, t...

6 weeks ago - Seeking Alpha

CEFS: This ETF Holds CEFS, Pays Monthly Plus Year-End Bonuses

Saba Closed-End Funds ETF offers high monthly income and capital appreciation by investing in discounted CEFs, actively managed by Saba Capital's activist strategy. Recent activism, especially with Bl...

7 weeks ago - Seeking Alpha

2 Picks For Monthly Distributions And Participating With Activists

Closed-end funds offer unique opportunities due to the structure, which allows for the share price to swing wildly different from the underlying portfolio value. There are activist groups that specifi...

Other symbols: CETCIONGAMSPESTEW
2 months ago - Seeking Alpha

CEFS Vs. PCEF: Saba's Management Is Worth The Fees

Closed-end funds offer high dividends and liquidity, appealing to income investors, but require skillful timing due to NAV volatility. Invesco CEF Income Composite ETF provides diversified CEF exposur...

Other symbols: PCEF
2 months ago - Seeking Alpha

CEFS: In-Depth Performance Analysis And Comparison

CEFS is an actively managed fund investing in a diversified portfolio of closed-end funds. CEFS's strategy has worked exceedingly well in the past, with the fund outperforming the vast majority of its...

3 months ago - Seeking Alpha

CEFS: A 'Non-Discounted' Take On Discounted CEFs (In A Bear Market)

Saba Closed-End Funds ETF leverages NAV discount arbitrage and activist strategies to narrow discounts, which helps justify its high expense ratio. The fund's strategy includes investing at least 80% ...

3 months ago - Seeking Alpha

Should You Invest $100,000 In Today's Market?

The market is experiencing a correction, with a potential bear market looming, making gradual investment over 3-6 months advisable for long-term investors. Understanding personal risk tolerance is cru...

4 months ago - Seeking Alpha

Very Bad News For Closed-End Funds

Closed-end funds offer unique opportunities due to their discount/premium mechanisms, allowing share prices to deviate from net asset value per share in a wild manner. In general, CEFs often provide d...

5 months ago - Seeking Alpha

CEFS: Moving This Risk-On Vehicle To Hold (Rating Downgrade)

CEFS is a multi-asset 60/40 fund using Closed-End Funds as building blocks. Saba Capital actively manages the portfolio, capitalizing on CEF discount narrowing opportunities. CEFS has delivered a stro...

6 months ago - Seeking Alpha

Top Dividend ETFs For 2025

On Seeking Alpha, I focus on dividend ETFs targeted towards income investors and retirees. Of these, six currently stand out for their comparatively high yields, strong overall risk-return profile. ET...

Other symbols: CARYCLOZFALNJAAAPBDC
7 months ago - Seeking Alpha

CEFS: Activist Manager Unlocks Value In Closed-End Funds

Saba Capital's expertise in closed-end funds and activist approach leads to outperformance vs. peers, unlocking value in underlying funds. The Saba Closed-End Funds ETF delivers a consistent monthly i...

9 months ago - Seeking Alpha

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...

Other symbols: CARYCLOZ
9 months ago - Seeking Alpha

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...

11 months ago - Seeking Alpha

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 ...

Other symbols: BTTEIMHYINZFPFORSFSDHY
11 months ago - Seeking Alpha

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...

1 year ago - Seeking Alpha

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...

Other symbols: BRWSABA
1 year ago - Seeking Alpha

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...

1 year ago - Seeking Alpha

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...

Other symbols: BRWSABA
1 year ago - Seeking Alpha

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...

1 year ago - Seeking Alpha

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...

1 year ago - Seeking Alpha

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 ...

Other symbols: BIZDCLOZ
1 year ago - Seeking Alpha

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...

Other symbols: MDIV
1 year ago - Seeking Alpha

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...

Other symbols: KSMNBBPFOPGPSABA
1 year ago - Seeking Alpha

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...

1 year ago - Seeking Alpha