Saba Closed End Funds ETF (CEFS)
| Assets | $384.20M |
| Expense Ratio | 4.29% |
| PE Ratio | n/a |
| Shares Out | 16.45M |
| Dividend (ttm) | $1.81 |
| Dividend Yield | 7.72% |
| Ex-Dividend Date | Feb 25, 2026 |
| Payout Ratio | n/a |
| 1-Year Return | +6.13% |
| Volume | 100,325 |
| Open | 23.51 |
| Previous Close | 23.58 |
| Day's Range | 23.32 - 23.54 |
| 52-Week Low | 18.59 |
| 52-Week High | 23.65 |
| Beta | 0.73 |
| Holdings | 70 |
| 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
81.67% of assets| Name | Symbol | Weight |
|---|---|---|
| ASA Gold and Precious Metals Limited | ASA | 13.91% |
| Cash & Cash Equivalents | n/a | 13.79% |
| Bnp Short Cash Acct | n/a | 11.63% |
| BlackRock Science and Technology Term Trust | BSTZ | 10.86% |
| BlackRock ESG Capital Allocation Term Trust | ECAT | 8.66% |
| Virtus Dividend, Interest & Premium Strategy Fund | NFJ | 7.67% |
| The Gabelli Dividend & Income Trust | GDV | 4.72% |
| General American Investors Company, Inc. | GAM | 3.89% |
| PIMCO Dynamic Income Strategy Fund | PDX | 3.51% |
| Neuberger Berman Income Funds - Neuberger Next Generation Connectivity Fund Inc. | NBXG | 3.02% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 25, 2026 | $0.140 | Feb 27, 2026 |
| Jan 28, 2026 | $0.140 | Jan 30, 2026 |
| Dec 30, 2025 | $0.266 | Dec 31, 2025 |
| Nov 25, 2025 | $0.140 | Nov 26, 2025 |
| Oct 30, 2025 | $0.140 | Oct 31, 2025 |
| Sep 29, 2025 | $0.140 | Sep 30, 2025 |
News
FOF Vs. CEFS: One Of These Funds Is Delivering Alpha, The Other Is Just Hedges
FOF is rated 'Buy' for income-oriented investors, but only after a technical correction from its overheated premium. Current FOF premium (8.72% P/NAV, Z-score 4.85) signals short-term overvaluation; o...
CEFS: Activist Investor-Driven Fund Of Funds
Saba Closed-End Funds ETF is rated Buy for income-focused investors seeking reliable monthly distributions and long-term total return. CEFS offers an 8.2% TTM yield, monthly $0.14/share payments, and ...
Another Strong Year For CEFS, With Some Blemishes
CEFS is an actively-managed fund investing in over a dozen income-producing CEFs. It yields 7.4% and has significantly outperformed its benchmark since inception. Although the fund continues to outper...
CEFS: Looking After The Piggy Bank In A Toppy Market
Saba Closed-End Funds ETF (CEFS) targets CEFs trading at discounts to NAV, aiming for income and capital appreciation through active management. CEFS currently offers a 7.3% yield, and charges a 1.1% ...
2 CEF Swaps Into ETFs For July 2025
Every month I share what closed-end funds I've been buying in the last month. For July, that included swapping out some holdings in favor of others and consolidating my portfolio a bit. In doing that,...
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...
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...
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...
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...
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...
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...
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% ...
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...
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...
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...
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...