Saba Capital Income & Opportunities ETF (CEFS)
BATS BATS Primary 
XBER 
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 strong performance, comparable to the S&P 500 in 2024, driven by its active management, successful CEF arbitrage strategies, and favorable market conditions. A core element of CEFS's strategy is Saba Capital's active management, which aims to generate alpha by identifying and exploiting unwarranted discounts in CEF valuations.
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 income yielding 7.9% with upside from capital appreciation. The CEFS fund is highly diversified with over 1,000 positions across stocks, bonds, and commodities, making it suitable for buy-and-hold strategies.
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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 campaign targeting BlackRock, a booming share price, and a lower yield and discount.
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% price gain on August 9, 2024. Saba Capital's expertise in closed-end funds is reflected in the performance of their ETF.
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 targets of Saba Capital Management all in one package. CEFS has a solid track record, high distribution yield, and a diversified portfolio of equity, fixed-income, alternatives, and mixed allocation.
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 Boaz Weinstein, and owns over 100 closed-end funds. The fund offers diversification across asset classes and investment managers, with a focus on equities, and has a high expense ratio of 5.81%.
