Saba Closed-End Funds ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 25 holdings as of May 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About CEFS
TheFund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by normally investingat least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities issued by closed-end funds (the“Underlying Funds”). Closed-end funds are registered investment companies that, unlike open-end funds, do not typically issueredeemable shares. Instead, a fixed number of shares trade on a secondary market, such as a securities exchange. The Fund expects to investin Underlying Funds operated by a diversified group of closed-end fund managers (“Underlying Fund Managers”) that invest inequity and fixed income securities. The Fund may invest in Underlying Funds that are domiciled outside of the U.S. or whose securitiesare traded on a non-U.S. exchange. The Fund’s sub-adviser, Saba Capital Management, L.P. (the “Sub-Adviser”), uses aninvestment process that combines fundamental analysis, quantitative analysis and proprietary screening tools. In seeking to maximize value,the Fund may invest in Underlying Funds that are, or the Sub-Adviser believes may become, the subject of an activist campaign by a shareholder,such as a proxy contest, whose aim is to eliminate or reduce the discount to the Underlying Fund’s net asset value (“NAV”).Such activism may be initiated by the Sub-Adviser (on behalf of its other clients) or by third parties. TheFund normally invests in Underlying Funds that primarily pursue high income opportunities, including Underlying Funds that invest in dividendand other income-producing securities (equity securities) and Underlying Funds that invest in high yield or non-investment grade securities(commonly referred to as “junk bonds”). The Underlying Funds will have the flexibility to invest in a broad range of securities.The Underlying Funds may invest in securities with a range of maturities from short- to long-term. Substantially all of the UnderlyingFunds’ assets may be invested in lower-rated securities, which may include securities having the lowest rating for non-subordinateddebt instruments (i.e., rated C by Moody’s Investors Service or CCC+ or lower by Standard & Poor’s Ratings Servicesand Fitch Ratings) and unrated securities of equivalent investment quality. The Underlying Funds may invest in equity securities, municipalsecurities, investment grade securities, and unrated securities. The Underlying Funds also may invest in foreign and emerging marketssecurities (including through depositary receipts or other securities convertible into securities of foreign issuers), mortgage-relatedand other asset-backed securities, real estate investment trusts (“REITs”), loan participations, inflation-protected securities,structured securities, variable, floating, and inverse floating rate instruments and preferred stock, and may use other investment techniques,including investments in derivative instruments. The Underlying Funds may also make short sales of securities or maintain a short position.Substantially all of the Underlying Funds in which the Fund invests will be exchange-traded. TheFund may borrow for investment purposes. The Fund may also take short positions for speculative or hedging purposes, including futurescontracts (including futures on U.S. Treasury obligations), swaps (including total return swaps), put and call options (including optionson indices or futures contracts), ETFs that track the performance of bond or equity indices, and Underlying Funds. Short positions willgenerally be used to mitigate the Fund's overall level of risk and/or levels of risk to interest rates, particular types of securities,or market segments.
CEFS News
- This Bond Fund Pays 7.5% And Crushed The S&P 500
- An 8% Dividend Plan For This Skittish Market
- Technical Reactions to CEFS Trends in Macro Strategies
- 2 Cheap Bond Funds Paying Dividends Over 10%
- Why This 15.3%-Paying CEF Is Making Big Changes
- Most Income Investors Have Never Heard of These 3 ETFs Paying 8 to 12 Percent Every Month
- REITs Are Surging In 2026, But This 8.4% Dividend Is Still On Sale
- Tax-Free CEFs Up To 7.4% Your Profligate Governor Can’t Touch
- Trading the Move, Not the Narrative: (CEFS) Edition
- These 9% Dividends Are Built For A Volatile Market
- This Unsung Tech Dividend Is Cheaper Than It’s Been In A Decade
- Trading the Move, Not the Narrative: (CEFS) Edition
Data for CEFS is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.