Saba Capital Income & Opportunities ETF (CEFS)
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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% management fee within a fund-of-funds structure, with total expenses of 4.3%. The portfolio has shifted to a more defensive stance, with increased cash holdings and a concentrated exposure in top holdings, primarily in the US.
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, and a high total return. CEFS offers exceptional diversification across 1,000+ positions in stocks, bonds, and alternatives, with active management justifying higher expenses.
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, the fund's historical performance and yield (9.39% SEC, 7.74% distribution) are impressive and help justify a buy rating. CEFS is best suited for income-oriented investors seeking risk-adjusted, multi-asset returns, but requires understanding of CEF dynamics and tolerance for volatility.
Saba Capital Income & Opportunities ETF (CEFS) FAQ
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Saba Capital Income & Opportunities ETF Profile
| BATS Exchange | US Country |
Overview
The fund operates as an actively managed exchange-traded fund (ETF) that is primarily focused on high income opportunities through investments in other closed-end funds. It is designed for investors looking for diversified exposure to both equity and fixed income securities, managed by a variety of skilled closed-end fund managers. The strategy involves committing at least 80% of its net assets, in addition to any borrowings for investment purposes, to securities issued by these underlying closed-end funds.
Products and Services
- Investment in Closed-End Funds:
This service involves allocating the majority of the fund's resources into securities issued by closed-end funds. These underlying funds are managed by a diversified group of managers specializing in different sectors. By investing in a range of underlying funds, the ETF seeks to take advantage of high-income generating opportunities in various market conditions.
- Equity and Fixed Income Securities:
The fund invests in underlying funds that focus on both equity and fixed income securities. This dual approach allows for a balanced investment strategy, aiming to generate income through dividends and interest payments while also seeking long-term capital growth through equity investments.
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