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YTD
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ALL
AUM
$381282023
P/E ratio
7.3
Dividend yield
6.6667%
Expense ratio
4.29%
Beta
0.738707
Previous close
$23.47
Today's open
$23.50
Day's range
$23.32 - $23.53
52 week range
$18.59 - $23.64
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Headquarters
US
Exchange
CBOE Global Markets BZX
Issue type
Exchange-Traded Fund
Asset Allocations
10.92%
3 Monthly Dividend ETFs That Can Compound Into an Income Avalanche
Dividend investing isn't just a defensive play or a retiree's game.
24/7 Wall Street • 7 hours ago

FOF Vs. CEFS: One Of These Funds Is Delivering Alpha, The Other Is Just Hedges
FOF is rated 'Buy' for income-oriented investors, but only after a technical correction from its overheated premium. Current FOF premium (8.72% P/NAV, Z-score 4.85) signals short-term overvaluation; optimal entry is at a 1.01x–1.03x P/NAV. FOF and CEFS are compared here as they represent the main rivals for capital within the specialized 'fund of funds' space.
Seeking Alpha • Feb 3, 2026

CEFS: Activist Investor-Driven Fund Of Funds
Saba Closed-End Funds ETF is rated Buy for income-focused investors seeking reliable monthly distributions and long-term total return. CEFS offers an 8.2% TTM yield, monthly $0.14/share payments, and periodic special dividends, supported by Saba Capital's activist management expertise. The fund's highly diversified portfolio spans over 1,000 positions across equities, fixed income, and alternatives, trading near NAV with a 0.35% premium.
Seeking Alpha • Dec 24, 2025

Another Strong Year For CEFS, With Some Blemishes
CEFS is an actively-managed fund investing in over a dozen income-producing CEFs. It yields 7.4% and has significantly outperformed its benchmark since inception. Although the fund continues to outperform, fundamentals have somewhat worsened across the board.
Seeking Alpha • Nov 14, 2025

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.
Seeking Alpha • Nov 12, 2025

2 CEF Swaps Into ETFs For July 2025
Every month I share what closed-end funds I've been buying in the last month. For July, that included swapping out some holdings in favor of others and consolidating my portfolio a bit. In doing that, it also included swapping out of two CEFs in favor of ETF positions, one of which I already held a position in.
Seeking Alpha • Aug 15, 2025

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.
Seeking Alpha • Jul 15, 2025

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.
Seeking Alpha • Jun 17, 2025

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.
Seeking Alpha • Jun 13, 2025

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.
Seeking Alpha • Jun 8, 2025

¹ Disclosures

Open an M1 investment account to buy and sell Saba Closed-End Funds ETF commission-free¹. Build wealth for the long term using automated trading and transfers.