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CEFS: Changing Its Distribution To 12%, What That Means For You
Saba Opportunistically Hedged Closed-End Funds ETF raised its distribution rate to 12% and shifted from monthly to quarterly payouts. CEFS's new policy prioritizes higher distributions over NAV accretion, targeting a stable NAV in bull markets and increased NAV volatility in bear markets. With a 5-year annualized total return of 13%, CEFS has historically matched or exceeded its new distribution rate, supporting sustainability if performance persists.
CEFS Has Outperformed Its Fund-Of-Fund Peers
Saba Opportunistically Hedged Closed-End Fund ETF (CEFS) delivers superior long-term total returns through active management, activist strategies, and interest rate hedging. CEFS consistently outperforms passive and traditional active CEF fund-of-fund peers, with 3- and 5-year annualized returns of 21.34% and 13.91%, respectively. Activist alpha and deep-discount arbitrage allow CEFS to realize market gains faster than peers, while portfolio-level interest rate hedges mitigate leveraged CEF risks.
CEFS: Outperforms Funds Of Closed-End Funds
Saba Closed-End Funds ETF is attractive for long-term, income-focused investors seeking buy-and-hold opportunities. CEFS delivers monthly distributions with a special year-end distribution, creating a stable price with a strong total return. The portfolio is highly diversified across 77 holdings, including equity, fixed income, and commodity-focused closed-end funds.
Saba Capital Income & Opportunities ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 40,315 | $828,521.11 | $974,816.7 | $146,295.59 | 17.66% |
 Timothy M. Bidwell Hazlett, BURT & WATSON Inc. | 679 | $15,669.36 | $16,228.1 | $558.74 | 3.57% |
| DC Diane Collins Rovin Capital /UT/ /ADV | 72,766 | $1.53M | $1.75M | $220,109.24 | 14.41% |
| MB Mitchel Bialek Css LLC/IL | 24,674 | $499,755.74 | $589,955.34 | $90,199.6 | 18.05% |
| CGP Corey G. Prestidge Hilltop Holdings Inc. | 11,074 | $246,176.52 | $264,779.34 | $18,602.82 | 7.56% |
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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