Saba Closed End Funds ETF (CEFS)

BATS: CEFS · Real-Time Price · USD
22.17
-0.01 (-0.05%)
Oct 8, 2024, 2:41 PM EDT - Market open
-0.05%
Assets $232.58M
Expense Ratio 5.81%
PE Ratio 20.54
Shares Out 10.50M
Dividend (ttm) $1.75
Dividend Yield 7.87%
Ex-Dividend Date Sep 24, 2024
Payout Ratio 161.65%
1-Year Return +29.73%
Volume 26,526
Open 22.21
Previous Close 22.18
Day's Range 22.17 - 22.26
52-Week Low 16.54
52-Week High 22.44
Beta 0.81
Holdings 125
Inception Date Mar 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

85.43% of assets
Name Symbol Weight
BlackRock ESG Capital Allocation Term Trust ECAT 25.75%
BlackRock Innovation and Growth Term Trust BIGZ 12.12%
ASA Gold and Precious Metals Limited ASA 8.22%
Nuveen Multi-Asset Income Fund NMAI 7.55%
Neuberger Berman Next Generation Connectivity Fund Inc. NBXG 6.22%
BlackRock Capital Allocation Term Trust BCAT 5.82%
Adams Diversified Equity Fund, Inc. ADX 5.52%
NYLI CBRE Global Infrastructure Megatrends Term Fund MEGI 5.18%
BlackRock California Municipal Income Trust BFZ 5.03%
Abrdn Global Infrastructure Income Fund ASGI 4.03%
View More Holdings

Dividends

Ex-Dividend Amount Pay Date
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
Apr 24, 2024 $0.140 Apr 26, 2024
Full Dividend History

News

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...

18 days 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
20 days 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...

2 months 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
2 months 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...

2 months 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
3 months 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...

4 months 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...

4 months 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
4 months 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
5 months 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
5 months 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...

7 months ago - Seeking Alpha

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...

Other symbols: CCEFFCEFPCEFXMPTYYY
8 months ago - Seeking Alpha

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...

Other symbols: CLMCRFGLOGLQGLVOCCIOPP
9 months ago - Seeking Alpha

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...

Other symbols: PCEF
10 months ago - Seeking Alpha

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...

10 months ago - Seeking Alpha

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...

Other symbols: FOF
11 months ago - Seeking Alpha

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...

1 year ago - Seeking Alpha

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...

1 year ago - Seeking Alpha

ETFs Of CEFs: Diversification And Higher Distributions

ETFs Of CEFs: Diversification And Higher Distributions

1 year ago - Seeking Alpha

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...

1 year ago - Seeking Alpha

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.

1 year ago - Seeking Alpha

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.

1 year ago - Seeking Alpha

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...

Other symbols: FCEFPCEFXMPTYYY
1 year ago - Seeking Alpha

CEFS: This High-Yielding Fund Of Funds Has Become More Sustainable

Saba Closed-End Funds ETF has a low assets under management of almost $96 million, but it takes large short positions, which enhances the amount of investible dollars. Saba Closed-End Funds ETF has be...

1 year ago - Seeking Alpha