Saba Closed-End Funds ETF

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.

The Saba Closed-End Funds ETF is managed by Boaz Weinstein. CEFS provides income-oriented investors a diversified access to the closed-end fund universe.

CEFS: A Well-Managed, Well-Performing, And High-Yielding Closed-End Fund ETF

First Trust Income Opportunity ETF

Invesco CEF Income Composite ETF

VanEck CEF Municipal Income ETF 

YieldShares High Income ETF

VettaFi's Associate Director of Research, Roxanna Islam, joined the Active Investment Company Alliance's The NAVigator podcast and host Chuck Jaffe to talk ETFs, and specifically, buying closed-end funds in the ETF wrapper.

VettaFi's Islam Talks Closed-End Funds ETFs on The NAVigator Podcast

Many investors are unfamiliar with the closed-end fund structure or uncomfortable with their premium/discount volatility. There are only a few options for ETFs of CEFs, but they are all very different strategies and may appeal to different types of investors.

Earning Income Through ETFs Of CEFs

Closed-end funds are known for their high distribution rate and potential to provide current income. But many investors are unfamiliar with their structure or uncomfortable with their premium/discount volatility.

Earning Income Through ETFs of CEFs

Saba Closed-End Funds ETF has a low assets under management of almost $96 million, but it takes large short positions, which enhances the amount of investible dollars. Saba Closed-End Funds ETF has been able to generate a strong yield on a consistent basis. It is also well diversified and thus can absorb the volatility of any particular stock or fund.

CEFS: This High-Yielding Fund Of Funds Has Become More Sustainable

PCEF and CEFS are two ETFs investing in a diversified portfolio CEFs. Although both funds have broadly similar strategies, holdings, and strong +8% yields, there are important differences between these.

PCEF Vs. CEFS: 2 Diversified Fund Of CEFs, 2 Strong +8.0% Yields, Both Buys

CEFS is trading at a premium, and generated an average total return of 6.4 percent over the past 5 years. Returns during the pandemic were positive, too. CEFS' high level of diversification into funds investing in fixed income securities, equities, and commodities reduces portfolio risk and volatility.

CEFS: High-Yielding Fully Diversified Income-Focused Fund Of Funds

CEFS invests in dozens of bond and equity CEFs, with exposure to thousands of securities. The fund yields 8.9%, has outperformed its peers since inception, and is partially hedged against rising rates as well.

CEFS: Diversified CEFs Exposure, Strong 8.9% Dividend Yield, Industry-Beating Returns

The Saba Closed-End Funds ETF is an "ETF of CEFs" with a +9% yield through a monthly distribution. The fund's actively managed strategy includes interest rate hedging which has helped mitigate market volatility this year.

CEFS ETF: High-Yield Income Strategy With An Interest Rate Hedging Kicker

CEFS invests in dozens of bond and equity CEFs, with exposure to thousands of securities. CEFS's holdings are comparatively safe, hedged against rising interest rates, and yield 8.4%.

CEFS: Strong 8.4% Distribution Yield, Market-Beating Returns

Apollo Senior Floating Rate Fund

Apollo Tactical Income Fund, Inc.

Ares Dynamic Credit Allocation Fund

Doubleline Opportunistic Credit Fund

DoubleLine Yield Opportunities Fund

Western Asset Mortgage Opportunity Fund

DoubleLine Income Solutions Fund

Eagle Point Income Company Inc

Nuveen Multi-Asset Income Fund

Pimco California Municipal Income Fund

Flaherty & Crumrine Preferred Income Fund Inc

Flaherty & Crumrine Preferred Income OpportunityFund Inc

Pimco California Municipal Income Fund III

XAI Octagon Floating Rate & Alternative Income Term Trust

We review CEF market valuation and performance through the second week of December and highlight recent market action.

CEF Weekly Market Review: Revisiting Resilient Core Themes

Most ETFs pick an asset class to meet their strategy. CEFS has income as their core focus but then invests across more than Fixed Income funds to achieve that mandate. Along with analyzing the Saba Closed-End Funds ETF, this article will compare that ETF with other investment choices that use the Fund-of-Fund approach.

CEFS ETF Provides Income-Focused FOF With Minor Exposure To Dividend-Enhanced CEFs Too

Barings Global Short Duration High Yield Fund

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Inc

What we call cross-credit CEFs are those that have relatively wide mandates across the corporate credit space - a feature we continue to find appealing. Their relatively wide mandates allow these funds wider allocation scope in order to deliver outperformance and more easily manage duration.

Cross-Credit CEFs Continue To Outperform

Eaton Vance Tax Advantaged Global Dividend Opportunities Fund

Eaton Vance Tax-Advantaged Dividend Income Fund

GGM Macro Alignment ETF

John Hancock Tax-Advantaged Dividend Income Fund

Navistar

PIMCO Corporate & Income Strategy Fund

PIMCO Dynamic Income Fund

John Hancock Premium Dividend Fund

PIMCO Corporate & Income Opportunity Fund

Cohen & Steers Reit And Preferred Income Fund Inc

Cohen & Steers Quality Income Realty Fund

Cohen & Steers Infrastructure Fund Inc

Reaves Utility Income Fund

The Net Asset Value (NAV) for a CEF remains, for me, a primary measure of its overall health.

My Income Portfolio - NAV Of My Life

GraniteShares HIPS US High Income ETF

Global X Russell 2000 Covered Call ETF

United States Oil Fund LP

Global X S&P 500 Covered Call ETF

Investors can always use more income, and there exist several ETFs that are paying out over 7% in annual dividend yields. Dividend yield is a measure of how much of security's value is returned to shareholders in the form of dividends.

These ETFs Have Dividend Yields of 7%–Or Higher

Saba Capital has taken aim at the Voya funds. An analysis of possible future steps in the battle.

Activist Saba Vs. Sponsor Voya: The Battle Is On

Templeton Global Income Fund

Gurufocus insider data shows that Saba Capital Management LP, a hedge fund well known for its sophisticated credit strategies and closed-end fund expertise, is buying the Templeton closed-end bond fund, Templeton Global Income Fund (NYSE:GIM).

Why is Saba Capital Buying Up Templeton Global Income?

ETRACS Monthly 2x Leveraged Closed End Fund ETN

Cohen & Steers Closed-End Opportunity Fund

Gs Financial Exchange Traded Notes

First Trust Municipal CEF Income Opportunity ETF

Special Opportunities Fund Inc

I am returning to the subject of closed-end funds. There is no sector of the markets that is more overlooked, less understood, and more full of promise, than closed-end funds.

Going For The Gusto

The only space left with any real yield are some of the closed-end funds. Many of the ones that I like have monthly dividends and while most have leverage, the cost of leverage is just this side of zero.

The White Hot Spotlight

Goldman Sachs MLP and Energy Renaissance Fund

Kayne Anderson MLP Investment

Tortoise Energy Infrastructure

MLP closed end funds should not use leverage.

MLP Closed End Funds: Masters Of Value Destruction

Since there is barely any yield in investment grade bonds, people and institutions are scrambling. Closed-end funds: the most overlooked sector of the capital markets.

Going For The Gold

Cohen & Steers MLP Income & Energy Opportunity Fund Inc

RiverNorth Opportunities Fund, Inc.

A fund of funds approach can give instant diversification. The strategy is approached and is utilized in active CEFs or passive ETFs.

News for Saba Closed-End Funds ETF ETF (CEFS)