CEFS Saba Opportunistic Hedged Closed-End Funds ETF
Issuer
Saba
Inception
Mar 21, 2017
AUM
$425.7M
Expense ratio
1.11%
Yield
7.46%
Asset class
Asset allocation
Holdings
113
Last price
$23.74
The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by normally investing at 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"). The advisor expects to invest in underlying funds operated by a diversified group of closed-end fund managers ("underlying fund managers") that invest in equity and fixed income securities. The fund normally invests in underlying funds that primarily pursue high income opportunities.
+5.1%
2025-11-14low 22.10 · high 25.822026-11-13
Performance
| 1M | 3M | YTD | 1Y | 3Y ann. | 5Y ann. | |
|---|---|---|---|---|---|---|
| CEFS | -2.8% | -7.4% | +3.0% | +4.5% | +10.2% | +1.6% |
| Asset allocation average (52 funds) | -1.5% | -4.7% | +4.5% | +6.4% | +10.4% | +2.9% |
Insider activity in the holdings
Open-market insider buying across this fund’s holdings over 90 days, weighted by holding weight: +$538K net.
| Holding | Weight | Insiders bought | Insiders sold |
|---|---|---|---|
| BPRE BLUEROCK PRIVATE REAL ESTATE | 1.00% | $39.4M | $0 |
| MXF MEXICO FUND INC | 2.14% | $8.2M | $0 |
| LEO BNY MELLON STRATEGIC MUNI | 1.15% | $2.7M | $1K |
| ECF ELLSWORTH GROWTH AND INCOME | 0.55% | $2.6M | $0 |
| GF NEW GERMANY FUND INC/THE | 1.19% | $2.5M | $145K |
| JOF JAPAN SMALLER CAPITALIZATION | 1.68% | $1.9M | $179K |
| DXYZ DESTINY TECH100 INC | 8.67% | $1.8M | $0 |
| DSM BNYM STRAT MUNI BND | 0.49% | $1.6M | $1K |
| GRX GABELLI HEALTHCARE & WELL | 0.65% | $762K | $0 |
| GAM GENERAL AMERICAN INVESTORS | 2.93% | $694K | $0 |
| KYN KAYNE ANDERSON ENERGY INFRA | 0.40% | $433K | $0 |
| SWZ TOTAL RETURN SECURITIES FUND | 0.04% | $192K | $0 |
| PCF HIGH INCOME SECURITIES FUND | 0.21% | $134K | $0 |
| PDX PIMCO DYNAMIC INCOME STRAT | 2.51% | $131K | $13.0M |
| EOS EATON VANCE ENH EQT INC II | 0.10% | $107K | $0 |
Holdings · as of Nov 13, 2026
| # | Holding | Weight |
|---|---|---|
| 1 | CEFS CASH & OTHER | 17.37% |
| 2 | BSTZ BLACKROCK SCI & TECH TRM TR | 9.36% |
| 3 | DXYZ DESTINY TECH100 INC | 8.67% |
| 4 | ASA ASA GOLD AND PRECIOUS METALS | 6.89% |
| 5 | RMT ROYCE MICRO-CAP TRUST INC | 3.62% |
| 6 | GDV GABELLI DIVIDEND & INCOME TR | 3.11% |
| 7 | GAM GENERAL AMERICAN INVESTORS | 2.93% |
| 8 | ECAT BLACKROCK ESG CAP ALL TRM TR | 2.81% |
| 9 | NBXG NEUBERGER NEXT GENERATION CO | 2.52% |
| 10 | PDX PIMCO DYNAMIC INCOME STRAT | 2.51% |
| 11 | TCPC BLACKROCK TCP CAPITAL CORP | 2.44% |
| 12 | FSSL FS SPECIALTY LENDING FUND | 2.40% |
| 13 | MXF MEXICO FUND INC | 2.14% |
| 14 | ZTR VIRTUS TOTAL RETURN FUND INC | 2.10% |
| 15 | USA LIBERTY ALL STAR EQUITY FUND | 2.02% |
| 16 | BTX BLACKROCK TECH & PRIV EQTY | 1.97% |
| 17 | TY TRI-CONTINENTAL CORP | 1.85% |
| 18 | NML NEUBERGER ENERGY INFRASTRUCT | 1.68% |
| 19 | JOF JAPAN SMALLER CAPITALIZATION | 1.68% |
| 20 | BMEZ BLACKROCK HLTH SCI TRM TR II | 1.61% |
| 21 | SPXX NUVEEN S&P 500 DYNAM OVERWR | 1.50% |
| 22 | WIW WESTERN ASST INFL-LNK OPP | 1.37% |
| 23 | HFRO HIGHLAND OPPORT & INCOME | 1.31% |
| 24 | VVR INVESCO SENIOR INCOME TRUST | 1.28% |
| 25 | SCD LMP CAPITAL AND INCOME FUND | 1.20% |
| 26 | GF NEW GERMANY FUND INC/THE | 1.19% |
| 27 | LEO BNY MELLON STRATEGIC MUNI | 1.15% |
| 28 | RVT ROYCE SMALL-CAP TRUST INC | 1.06% |
| 29 | BPRE BLUEROCK PRIVATE REAL ESTATE | 1.00% |
| 30 | DMB BNY MELLON MUNI BND INFRA | 0.91% |
| 31 | KF KOREA FUND INC | 0.85% |
| 32 | ETW EATON VANCE T/M GLBL BUY-WR | 0.83% |
| 33 | MEGI NYLIM CBRE GLBL INFRA MGTRND | 0.80% |
| 34 | NIE VIRTUS EQUITY & CONVERTIBLE | 0.77% |
| 35 | IIF MORGAN STANLEY INDIA INVEST | 0.76% |
| 36 | EFR EATON VANCE SR FLTG RATE TR | 0.72% |
| 37 | GRX GABELLI HEALTHCARE & WELL | 0.65% |
| 38 | NFJ VIRTUS DVD INTRST & PRM STR | 0.63% |
| 39 | ECF ELLSWORTH GROWTH AND INCOME | 0.55% |
| 40 | SABA SABA CAPITAL INCOME & OPP II | 0.54% |
| 41 | DSM BNYM STRAT MUNI BND | 0.49% |
| 42 | TWN TAIWAN FUND INC/TH/MD-US INC | 0.46% |
| 43 | PEO ADAMS NATURAL RESOURCES FUND | 0.44% |
| 44 | DMA DESTRA MULTI-ALTERNATIVE | 0.44% |
| 45 | GLO CLOUGH GLOBAL OPPORTUNITIES | 0.44% |
| 46 | KYN KAYNE ANDERSON ENERGY INFRA | 0.40% |
| 47 | DPG DUFF & PHELPS UTILITY & INC | 0.40% |
| 48 | ACP ABRDN INCOME CREDIT STRAT | 0.35% |
| 49 | GOF GUGGENHEIM STRATEGIC OPPORT | 0.27% |
| 50 | CPZ CALAMOS LNG/SHRT EQTY & DYN | 0.25% |
| 51 | BGX BLACKSTONE LONG-SHORT CREDIT | 0.25% |
| 52 | PCF HIGH INCOME SECURITIES FUND | 0.21% |
| 53 | TDF TEMPLETON DRAGON FUND INC | 0.16% |
| 54 | CAF MORGAN STANLEY CHINA A SHARE | 0.15% |
| 55 | RA BROOKFIELD REAL ASSETS INCOM | 0.14% |
| 56 | EFT EATON VANCE FLTNG RT INC TR | 0.14% |
| 57 | BCV BANCROFT FUND LTD | 0.14% |
| 58 | ASG LIBERTY ALL-STAR GROWTH FD | 0.13% |
| 59 | GLV CLOUGH GLOBAL DIVIDEND & INC | 0.12% |
| 60 | DHY UBS AM HIGH YIELD CREDIT | 0.12% |
| 61 | BGY BLACKROCK ENH INTL DVD TR | 0.11% |
| 62 | EOS EATON VANCE ENH EQT INC II | 0.10% |
| 63 | GLQ CLOUGH GLOBAL EQUITY FUND | 0.09% |
| 64 | PCQ PIMCO CALIFORNIA MUNI INC FD | 0.09% |
| 65 | DHF BNYM HIGH YIELD STRATEGIES | 0.08% |
| 66 | EMO CLEARBRIDGE ENERGY MIDSTREAM | 0.08% |
| 67 | FSCO FS CREDIT OPPORTUNITIES CORP | 0.08% |
| 68 | JQC NUVEEN CREDIT STRATEGIES INC | 0.08% |
| 69 | GUG GUGGENHEIM ACTIVE ALLOCATION | 0.07% |
| 70 | PDT JOHN HANCOCK PREM DVD FND | 0.06% |
| 71 | EAD ALLSPRING INCOME OPPORT | 0.05% |
| 72 | EVV EATON VANCE LTD DURAT INC | 0.05% |
| 73 | SWZ TOTAL RETURN SECURITIES FUND | 0.04% |
| 74 | WDI WESTERN ASSET DIVERS INC | 0.04% |
| 75 | IFN ABERDEEN INDIA FUND INC | 0.04% |
| 76 | DFP FLAHERTY & CRUMRINE DYN PREF | 0.03% |
| 77 | FT FRANKLIN UNIVERSAL TRUST | 0.03% |
| 78 | AVK ADVENT CONVERT & INCOME | 0.03% |
| 79 | RLTY COHEN & STEERS RL EST OPPRT | 0.02% |
| 80 | PNI PIMCO NY MUNI INC II FND | 0.02% |
| 81 | JRS NUVEEN REAL ESTATE INCOME | 0.01% |
| 82 | EVF EATON VANCE SENIOR INCOME TR | 0.01% |
| 83 | NRO NEU RE EST SEC INC FD INC-US | 0.01% |
| 84 | MXE MEXICO EQUITY AND INCOME FD | 0.01% |
| 85 | IGR CBRE GLOBAL REAL ESTATE INC | 0.00% |
| 86 | JGH NUVEEN GLOBAL HIGH INCOME | 0.00% |
| 87 | PTA COHEN & STEERS TAX-ADVANTAGE | 0.00% |
| 88 | PSF COHEN & STEERS SELECT PREFER | 0.00% |
| 89 | GDX VANECK GOLD MINERS ETF SWAP NM | -6.40% |
Sector breakdown
Financial Services53.3%
Technology13.9%
Energy9.2%
Industrials6.9%
Utilities3.9%
Healthcare3.3%
Communication Services3.0%
Consumer Cyclical3.0%
Consumer Defensive1.4%
Basic Materials1.3%
Real Estate1.0%
Cash & Others0.0%
Country breakdown
United States88.5%
United Kingdom2.3%
Canada1.7%
Taiwan1.1%
South Korea0.8%
China0.8%
Japan0.7%
Netherlands0.6%
France0.5%
Spain0.5%
Germany0.4%
Switzerland0.4%
Distributions
| Date | Per unit |
|---|---|
| Sep 28, 2026 | $0.2460 |
| Aug 27, 2026 | $0.1400 |
| Jul 29, 2026 | $0.1400 |
| Jun 26, 2026 | $0.1400 |
| May 27, 2026 | $0.1400 |
| Apr 28, 2026 | $0.1400 |
| Mar 27, 2026 | $0.1400 |
| Feb 25, 2026 | $0.1400 |
| Jan 28, 2026 | $0.1400 |
| Dec 30, 2025 | $0.2660 |
| Nov 25, 2025 | $0.1400 |
| Oct 30, 2025 | $0.1400 |
| Sep 29, 2025 | $0.1400 |
| Aug 28, 2025 | $0.1400 |
| Jul 30, 2025 | $0.1400 |
| Jun 26, 2025 | $0.1400 |
| May 29, 2025 | $0.1400 |
| Apr 29, 2025 | $0.1400 |
| Mar 27, 2025 | $0.1400 |
| Feb 27, 2025 | $0.1400 |
| Jan 30, 2025 | $0.1400 |
| Dec 30, 2024 | $0.3424 |
| Nov 25, 2024 | $0.1400 |
| Oct 24, 2024 | $0.1400 |
| Sep 24, 2024 | $0.1400 |
| Aug 26, 2024 | $0.1400 |
| Jul 24, 2024 | $0.1400 |
| Jun 24, 2024 | $0.1400 |
| May 23, 2024 | $0.1400 |
| Apr 24, 2024 | $0.1400 |
| Mar 25, 2024 | $0.1400 |
| Feb 26, 2024 | $0.1400 |
| Jan 24, 2024 | $0.1400 |
| Dec 20, 2023 | $0.2056 |
| Nov 20, 2023 | $0.1400 |
| Oct 20, 2023 | $0.1400 |
| Sep 20, 2023 | $0.1400 |
| Aug 21, 2023 | $0.1400 |
| Jul 20, 2023 | $0.1400 |
| Jun 20, 2023 | $0.1400 |
Members of Congress who disclosed this ETF
No member of Congress has disclosed a trade in CEFS in the filings we hold.
Fund facts, prices, performance and distributions: our market-data vendor. Holdings: the vendor and SEC Form N-PORT. Insider and Congress data: InsiderBuying. Last updated Nov 13, 2026. This is historical data, not investment advice. Report a data error