CEFS: Saba Closed End Funds ETF
About
CEFS was created on 2017-03-20 by Saba. The fund's investment portfolio concentrates primarily on target outcome asset allocation. 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.
Key Details
Assets Under Management
$237.17M
Div Yield %
7.88%
P/E Ratio
-
Net Asset Value
$21.97
Expense Ratio
5.81%
1Y ETF Return
0.31%
Strategies that include CEFS
Stock's related to CEFS
Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| MAIN | 51.64% | $4.69B | +33.11% | 5.45% |
| EMO | 48.88% | - | - | 6.85% |
| FAX | 44.86% | - | - | 3.80% |
| XWDIX | 44.19% | - | - | 11.82% |
| AHR | 36.33% | $4.30B | +134.17% | 2.69% |
| HRZN | 30.70% | - | - | 14.26% |
| SUN | 28.74% | $7.32B | +1.51% | 6.47% |
| BRFS | 28.49% | $6.90B | +48.76% | 0.00% |
| UTI | 27.02% | $1.07B | +73.54% | 0.00% |
| ARAY | 26.60% | $185.04M | -31.85% | 0.00% |
| LOPE | 26.59% | $4.70B | +18.15% | 0.00% |
| ACDC | 26.58% | $1.08B | -17.28% | 0.00% |
| AMCX | 26.58% | $396.64M | -43.07% | 0.00% |
| SPHR | 26.57% | $1.48B | +20.48% | 0.00% |
| KURA | 26.56% | $1.24B | +70.88% | 0.00% |
| PZZA | 26.54% | $1.54B | -28.47% | 3.91% |
| ARQT | 26.54% | $1.18B | +433.86% | 0.00% |
| KROS | 26.53% | $2.17B | +73.87% | 0.00% |
| SPOT | 26.52% | $90.80B | +159.59% | 0.00% |
| PLNT | 26.50% | $8.24B | +51.10% | 0.00% |
Inversely Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| MCK | -10.85% | $78.15B | +35.51% | 0.42% |
| HUSA | -9.81% | $16.69M | -11.56% | 0.00% |
| CBOE | -9.72% | $21.46B | +15.84% | 1.11% |
| MNR | -8.25% | $1.66B | -10.71% | 15.90% |
| UUU | -7.63% | $4.97M | -41.89% | 0.00% |
| PRPO | -7.33% | $9.10M | -13.65% | 0.00% |
| QTTB | -6.80% | $354.34M | +188.64% | 0.00% |
| APRE | -5.66% | $16.41M | -19.47% | 0.00% |
| COR | -4.15% | $47.48B | +21.20% | 0.86% |
| LTM | -3.53% | $8.51B | -100.00% | <0.01% |
| RNR | -3.52% | $13.74B | +23.09% | 0.58% |
| GIS | -3.49% | $34.85B | -2.91% | 3.78% |
| HUM | -2.36% | $33.45B | -45.22% | 1.25% |
| NEUE | -2.29% | $40.93M | -34.13% | 0.00% |
| WHLM | -1.99% | $17.64M | -29.34% | 0.00% |
| CAH | -1.72% | $28.64B | +12.14% | 1.70% |
| CPB | -1.26% | $12.96B | +7.08% | 3.40% |
| RLMD | -1.14% | $89.92M | +1.36% | 0.00% |
| LFVN | -1.10% | $169.84M | +130.61% | 1.10% |
| NNE | -0.64% | $833.66M | +531.50% | 0.00% |
ETF's related to CEFS
News
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The Standpoint Multi-Asset Fund remains the core at 40%, but swapping out FOF for the another fund-of-funds. Check out my updated Retiree Portfolio Model.
SeekingAlpha
CEFS, an actively managed ETF run by Saba, sports a strong 8.1% yield and a solid performance track-record. Click here to find out why CEFS remains a buy.
SeekingAlpha
CEF discounts are becoming objectively rich, particularly in the fixed-income part of the market. Explore more details here.
Disclaimer
Information on this page is obtained from our data provider, Xignite, an unaffiliated third party. Double believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate. We also show information based on calculations performed by Double using data from our provider. Double believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.