Saba Closed-End Funds ETFCEFS
CEFS
0
Funds holding %
of 7,296 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
53% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 19
13% more capital invested
Capital invested by funds: $77.1M [Q4 2024] → $87.2M (+$10M) [Q1 2025]
1.08% more ownership
Funds ownership: 30.76% [Q4 2024] → 31.84% (+1.08%) [Q1 2025]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q4 2024] → 1 (+0) [Q1 2025]
4% less funds holding
Funds holding: 71 [Q4 2024] → 68 (-3) [Q1 2025]
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Research analyst outlook
We haven’t received any recent analyst ratings for CEFS.
Financial journalist opinion
Positive
Seeking Alpha
1 day ago
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 BlackRock CEFs, has successfully narrowed discounts and boosted returns, but future gains from activism may be limited. CEFS outperforms peer funds and maintains consistent distributions, but risks include interest rate hedges and the potential widening of CEF discounts in corrections.
Positive
Seeking Alpha
1 week ago
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 specifically target these in a way to take advantage of this feature within the closed-end fund space. On top of that, it also provides significant diversification by investing in already diversified CEFs, and additionally, this can translate into strong monthly distributions.
Positive
Seeking Alpha
1 month ago
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 exposure, balancing bonds and equity covered calls, with a 10% SEC yield. Saba Closed-End Funds ETF actively manages CEFs trading at a discount to NAV, offering a 9% yield and strong total returns.
Positive
Seeking Alpha
1 month ago
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 peers since inception, and for most relevant time periods. An in-depth analysis and comparison of the fund's performance versus that of other closed-end funds follows.
Neutral
Seeking Alpha
1 month ago
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% in CEFs, with flexibility in derivatives, shorts, and leverage, providing a diversified income stream. CEFS leverages NAV discount arbitrage and engages in activist strategies to narrow discounts, which helps justify its high expense ratio.
Neutral
Seeking Alpha
2 months ago
Should You Invest $100,000 In Today's Market?
The market is experiencing a correction, with a potential bear market looming, making gradual investment over 3-6 months advisable for long-term investors. Understanding personal risk tolerance is crucial before investing, as it dictates how one handles market downturns and portfolio drawdowns. The article presents three different investment strategies. We are going to discuss how strategically you can deploy your capital on a gradual basis.
Negative
Seeking Alpha
3 months ago
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 diverse exposure across equity and fixed-income portfolios, and they even offer exposure to hybrid portfolios, but also allowing for sector-specific exposure. One important note is that not all premiums or discounts indicate a buying or selling opportunity; instead, it can make more sense to examine relative value over historical periods.
Neutral
Seeking Alpha
4 months ago
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.
Positive
Seeking Alpha
5 months ago
Top Dividend ETFs For 2025
On Seeking Alpha, I focus on dividend ETFs targeted towards income investors and retirees. Of these, six currently stand out for their comparatively high yields, strong overall risk-return profile. ETFs vary in risk, from similar to cash, to leveraged high-yield bonds and loans.
Positive
Seeking Alpha
6 months ago
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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