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Saba Closed-End Funds ETF

Active ETF
CEFS
Payout Change
Pending
Price as of:
$25.82 +0.07 +0.29%
primary theme
Tactical Allocation
CEFS (ETF)

Saba Closed-End Funds ETF

Payout Change
Pending
Price as of:
$25.82 +0.07 +0.29%
primary theme
Tactical Allocation
CEFS (ETF)

Saba Closed-End Funds ETF

Payout Change
Pending
Price as of:
$25.82 +0.07 +0.29%
primary theme
Tactical Allocation

Name

As of 06/22/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Saba Closed-End Funds ETF

CEFS | Active ETF

$25.82

$421 M

6.51%

$1.68

2.61%

Vitals

YTD Return

15.1%

1 yr return

27.4%

3 Yr Avg Return

21.6%

5 Yr Avg Return

14.5%

Net Assets

$421 M

Holdings in Top 10

61.2%

52 WEEK LOW AND HIGH

$25.7
$22.08
$25.82

Expenses

OPERATING FEES

Expense Ratio 2.61%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 85.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 06/22/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Saba Closed-End Funds ETF

CEFS | Active ETF

$25.82

$421 M

6.51%

$1.68

2.61%

CEFS - Profile

Distributions

  • YTD Total Return 15.1%
  • 3 Yr Annualized Total Return 21.6%
  • 5 Yr Annualized Total Return 14.5%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.54%
DIVIDENDS
  • Dividend Yield 6.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Saba Closed-End Funds ETF
  • Fund Family Name
    SABA ETF
  • Inception Date
    Mar 20, 2017
  • Shares Outstanding
    4748801
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Paul Kazarian

Fund Description

The Fund is an actively managed exchange-traded fund that seeks to achieve its investment objective by normally investing at least 80% of its net assets, (a) in securities issued by closed-end funds or derivatives that provide investment exposure to closed-end funds either directly or indirectly and (b) opportunistically in long and/or short positions of (i) single name or basket securities or instruments seeking to hedge market exposure and/or (ii) derivatives instruments seeking to hedge market exposure.

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CEFS - Performance

Return Ranking - Trailing

Period CEFS Return Category Return Low Category Return High Rank in Category (%)
YTD 15.1% -2.2% 51.7% 11.94%
1 Yr 27.4% -1.1% 72.2% 14.93%
3 Yr 21.6%* 3.1% 33.1% 3.50%
5 Yr 14.5%* -3.8% 16.9% 3.00%
10 Yr N/A* 1.5% 18.9% 48.34%

* Annualized

Return Ranking - Calendar

Period CEFS Return Category Return Low Category Return High Rank in Category (%)
2025 7.6% -33.9% 25.2% 42.79%
2024 12.9% -9.5% 25.7% 9.95%
2023 9.9% -18.9% 60.2% 35.50%
2022 -16.6% -48.5% 0.1% 46.50%
2021 5.9% -19.0% 48.3% 33.00%

Total Return Ranking - Trailing

Period CEFS Return Category Return Low Category Return High Rank in Category (%)
YTD 15.1% -2.2% 51.7% 11.94%
1 Yr 27.4% -1.1% 72.2% 14.93%
3 Yr 21.6%* 3.1% 33.1% 3.50%
5 Yr 14.5%* -3.8% 16.9% 3.00%
10 Yr N/A* 1.5% 18.9% N/A

* Annualized

Total Return Ranking - Calendar

Period CEFS Return Category Return Low Category Return High Rank in Category (%)
2025 16.6% -3.0% 37.6% 17.41%
2024 23.5% -0.9% 29.9% 2.49%
2023 21.0% -8.5% 61.8% 3.50%
2022 -7.1% -46.5% 4.6% 15.00%
2021 17.9% -9.4% 48.3% 12.00%

CEFS - Holdings

Concentration Analysis

CEFS Category Low Category High CEFS % Rank
Net Assets 421 M 4.63 M 10.5 B 38.81%
Number of Holdings 65 3 2688 51.24%
Net Assets in Top 10 236 M 2.03 M 7.58 B 41.29%
Weighting of Top 10 61.19% 12.1% 108.8% 62.19%

Top 10 Holdings

  1. ASA GOLD AND PRE 12.12%
  2. BBH SWEEP VEHICLE 10.55%
  3. BLKR-SCI TECH 9.16%
  4. BLKR-ESG CAP ALL 7.31%
  5. VRTS-DVD INT PRM 6.54%
  6. GABELLI DVDINC 4.00%
  7. GEN AMER INVEST 3.32%
  8. PIMCO-DYN INC ST 3.02%
  9. NEUBERGER NEXT G 2.59%
  10. NEUBERGER ENERGY 2.58%

Asset Allocation

Weighting Return Low Return High CEFS % Rank
Stocks 		75.26% 0.00% 140.13% 54.23%
Cash 		24.83% -33.22% 90.54% 22.89%
Convertible Bonds 		5.05% 0.00% 8.92% 1.49%
Preferred Stocks 		0.00% -0.09% 5.36% 94.03%
Bonds 		0.00% -4.47% 106.59% 97.01%
Other 		-0.09% -29.71% 150.32% 90.05%

Stock Sector Breakdown

Weighting Return Low Return High CEFS % Rank
Energy 		44.28% 0.00% 60.89% 5.29%
Technology 		18.61% 0.00% 85.77% 39.41%
Utilities 		8.67% 0.00% 91.12% 10.59%
Real Estate 		5.29% 0.00% 99.45% 29.41%
Industrials 		4.91% 0.00% 23.31% 77.06%
Consumer Cyclical 		4.36% 0.00% 25.83% 67.06%
Financial Services 		3.73% 0.00% 98.22% 86.47%
Healthcare 		3.21% 0.00% 38.63% 85.29%
Communication Services 		2.89% 0.00% 21.61% 67.65%
Basic Materials 		2.47% 0.00% 56.73% 65.88%
Consumer Defense 		1.58% 0.00% 37.51% 80.59%

Stock Geographic Breakdown

Weighting Return Low Return High CEFS % Rank
US 		75.26% 0.00% 140.13% 51.74%
Non US 		0.00% -1.94% 45.18% 93.53%

CEFS - Expenses

Operational Fees

CEFS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.61% 0.46% 6.65% 17.91%
Management Fee 1.10% 0.00% 1.50% 88.06%
12b-1 Fee 0.00% 0.00% 1.00% 27.91%
Administrative Fee N/A 0.05% 0.70% N/A

Sales Fees

CEFS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.75% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

CEFS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CEFS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 85.00% 1.75% 441.00% 43.20%

CEFS - Distributions

Dividend Yield Analysis

CEFS Category Low Category High CEFS % Rank
Dividend Yield 6.51% 0.00% 23.29% 1.99%

Dividend Distribution Analysis

CEFS Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual SemiAnnual Annual

Net Income Ratio Analysis

CEFS Category Low Category High CEFS % Rank
Net Income Ratio 2.54% -2.01% 13.72% 13.43%

Capital Gain Distribution Analysis

CEFS Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

CEFS - Fund Manager Analysis

Managers

Paul Kazarian

Start Date

Tenure

Tenure Rank

Mar 20, 2017

5.2

5.2%

Paul Kazarian joined Saba in March 2013 and is responsible for exchange traded products, including ETF arbitrage and closed-end funds. Prior to Saba, Mr. Kazarian was a Director at RBC Capital Markets in the Global Arbitrage and Trading Group from 2007-2013. While there, Mr. Kazarian was responsible for the development and management of the Fixed Income ETF Group and also responsible for overseeing other ETF and index strategies. Prior to RBC, Mr. Kazarian worked as a technology analyst at Merrill Lynch from 2006-2007. Mr. Kazarian holds a BA in Political Science from Bates College.

Boaz Weinstein

Start Date

Tenure

Tenure Rank

Mar 20, 2017

5.2

5.2%

Mr. Boaz Weinstein is the founder and Chief Investment Officer of Saba. Mr. Weinstein founded Saba in 2009 as a lift-out of Saba Principal Strategies. At Saba, Mr. Weinstein leads a team of 30 professionals, with the senior investment team having worked together for seventeen years.

Pierre Weinstein

Start Date

Tenure

Tenure Rank

Mar 20, 2017

5.2

5.2%

Mr. Pierre Weinstein (no relation to Boaz) joined Saba at launch in April 2009. Prior to Saba, Mr. Weinstein was a Portfolio Manager at Saba Principal Strategies, the proprietary credit trading group at Deutsche Bank since January 2005, where he managed the equity derivatives and international convertible bond strategies. Mr. Weinstein started his investment career at Société Générale in Paris in 1998 as an equity derivatives market maker and had various roles until 2004 including a position as a convertible bond proprietary trader in New York. Mr. Weinstein holds a Ms in Engineering from École Centrale Lyon and a Ms in Finance from École HEC in Paris.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.83 6.55 13.0

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