Saba Closed End Funds ETF
CEFS
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Edmund F. Murphy
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- The Headquarters Business Park 26th Floor Jeddah United States of America 21582
- IPO Date
- Mar 21, 2017
- CIK
- 0001547950
- Website
- sabaetf.com
- Similar Companies
- Business
- Saba Closed-End Funds ETF (CEFS) is an actively managed exchange-traded fund that seeks to provide high current income and attractive total returns by investing primarily in closed-end funds trading at discounts to their net asset value. The fund offers exposure to a diversified portfolio of closed-end funds across various sectors, including municipal bonds, high-yield corporates, equities, and alternative assets; it employs a tactical allocation strategy that rotates among closed-end fund categories based on market conditions and valuation opportunities. CEFS targets income-seeking investors, such as retirees and institutions, through its focus on high-yield closed-end funds that provide monthly distributions. The ETF operates globally through its underlying closed-end fund holdings, which invest in U.S. and international markets, with primary emphasis on North American fixed income and equity closed-end funds. Launched in 2017, CEFS is managed by Saba Capital Management, LP, and is headquartered in New York, New York, with no direct subsidiaries but indirect exposure via its closed-end fund portfolio. Recent developments include the expansion of Saba Capital's closed-end fund activism strategy, highlighted by successful proxy battles and board changes at targeted funds in 2024-2025 to unlock shareholder value; additionally, CEFS benefited from inflows amid rising interest in discount-heavy closed-end funds during the Federal Reserve's rate environment shifts. In late 2024, Saba announced enhanced liquidity management tools for CEFS, including rights offerings participation in holdings, aimed at narrowing discounts and boosting NAV performance. No major acquisitions or name changes have occurred in the past two years.