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CEFS

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Saba Closed-End Funds ETF (CEFS)

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About Saba Closed-End Funds ETF (CEFS)

CEFS is an actively managed fund-of-funds that seeks to generate high income by investing in closed-end funds trading at a discount to net asset value and hedging for duration risk.
AUM291.11M
Category—
Price / earnings ratio—
ETF typeGlobal Closed End Funds
Dividend rate / yield$1.88 / 8.50%
Inception dateMar 20, 2017
Ex-dividend date—
Beta (LTM)0.56x
Dividend payable date—
1D volume36.39K
Expense ratio (net)5.81%
Avg. daily volume90.5K
Open$22.08
1D range$21.91 - $22.20
30-day SEC yield—
52 week range$18.59 - $22.70
All investments involve risks, including the loss of principal. Performance data represents past performance and is no guarantee of future results. Investment returns and principal value will fluctuate such that an investment, when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance data quoted.

Frequently Asked Questions (FAQ)

The dividend rate for CEFS ETF is $1.88

The dividend yield for CEFS ETF is 8.50%

The 52-week high for CEFS ETF is $22.70. The current CEFS ETF price $undefined is 100.00% below its 52-week high

The 52-week low for CEFS ETF is $18.59. The current CEFS ETF price $undefined has increased 100.00% from its 52-week low

How to buy CEFS ETF on Public

  1. 1

    Sign up for a brokerage account on Public

    It’s easy to get started. You can sign up for an account directly on our website or by downloading the Public app for iOS or Android.

  2. 2

    Add funds to your Public account

    There are multiple ways to fund your Public account—from linking a bank account to making a deposit with a debit card or wire transfer.

  3. 3

    Choose how much you'd like to invest in CEFS ETF

    Navigate to the Explore page. Then, type CEFS into the search bar. When you see CEFS ETF appear in the results, tap it to open up the purchase screen.

  4. 4

    Manage your investments in one place

    You can find your newly purchased CEFS ETF in your portfolio—alongside the rest of your stocks, ETFs, crypto, treasuries, and alternative assets.

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Disclaimer: Any investment listed here, which may be available on the Public platform, is intended to be used for informational purposes only, should not be the sole basis for making an investment decision, and is not a recommendation or advice. Before investing in an ETF, you should read the prospectus, which provide detailed information on the ETF’s investment objective, principal investment strategies, risks, costs, and historical performance (if any), among other things. Prospectuses can be found on the ETF issuer's website.

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A Bond Account is a self-directed brokerage account with Public Investing. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. The Bond Account’s yield is the average, annualized yield to worst (YTW) across all ten bonds in the Bond Account, before fees. A bond’s yield is a function of its market price, which can fluctuate; therefore a bond’s YTW is not “locked in” until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The “locked in” YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See our Fee Schedule.

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Fractional Bonds also carry additional risks including that they are only available on Public and cannot be transferred to other brokerages. Read more about the risks associated with fixed income and fractional bonds. See Bond Account Disclosures to learn more.

High-Yield Cash Account.
A High-Yield Cash Account is a secondary brokerage account with Public Investing. Funds in your High-Yield Cash Account are automatically deposited into partner banks (“Partner Banks”), where that cash earns interest and is eligible for FDIC insurance. See here for a list of current Partner Banks. Your Annual Percentage Yield is variable and may change at the discretion of the Partner Banks or Public Investing. Apex Clearing and Public Investing receive administrative fees for operating this program, which reduce the amount of interest paid on swept cash. Neither Public Investing nor any of its affiliates is a bank. Learn more.

Cryptocurrency.
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Investments in T-bills: Not FDIC Insured; No Bank Guarantee; May Lose Value.

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