Saba Closed End Funds ETF (CEFS) Research
The Saba Closed End Funds ETF (CEFS) is an actively managed exchange-traded fund designed to achieve its investment goals by primarily allocating capital to other closed-end funds, known as "underlying funds." The strategy typically involves committing at least 80% of its net assets, in addition to any borrowed funds, to securities issued by these underlying funds. The fund's advisor seeks out underlying funds managed by a broad spectrum of closed-end fund managers. These underlying funds, in turn, invest across various asset classes, specifically targeting both equity (stock) and fixed income (bond) securities. A significant focus for the CEFS is on underlying funds that prioritize and actively pursue opportunities to generate substantial income.
Market snapshot
- Symbol
- CEFS
- Price
- $25.74
- Day change
- +1.26%
- Market cap
- $422.6M
- 52-week range
- 21.85-25.98
- Sector
- Financial Services
- Industry
- Asset Management - Bonds
Peer companies
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