SABA ETFOther AllocationCEFS · Cboe BZX

Saba Opportunistic Hedged Closed-End Funds ETF (CEFS)

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Price: $24.00; —30 Oct 2026
Assets: $429.6M; Total net assets
Expense ratio: 2.61%; Category 1.83%
Yield: 6.67%; Trailing distributions

1Y return: 13.0%+12.7%; Category 0.3%
3Y CAGR: 22.6%+11.3%; Category 11.2%
5Y CAGR: 12.3%+9.6%; Category 2.7%

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Saba Opportunistic Hedged Closed-End Funds ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	-2.1%	-1.7%	+1.2%	+10.2%	+13.0%	+22.6%	+12.3%	—	+11.5%
Other Allocation average	-1.3%	-0.1%	-4.4%	3.0%	0.3%	11.2%	2.7%	6.8%	1.6%
Difference	-0.9%	-1.6%	+5.6%	+7.2%	+12.7%	+11.3%	+9.6%	—	+9.9%

Holdings

The 8 largest positions make up 50.2% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
BSTZ	BlackRock Science and Technology Trust II	12.44%
ASA	ASA Gold and Precious Metals	8.46%
NFJ	Virtus Dividend, Interest & Premium Strategy Fund	7.72%
GDX	VanEck Gold Miners ETF	7.40%
RMT	Royce Micro-Cap Trust	4.02%
ECAT	BlackRock ESG Capital Allocation Trust	3.60%
GDV	Gabelli Dividend & Income Trust	3.37%
GAM	General American Investors Co Inc	3.18%

Portfolio valuation

Weighted averages of what the fund holds.

P/E: —
P/B: 2.9
P/S: 2.1
P/CF: —

Sector allocation

Share of the equity the fund holds.

Financial services50.4%
Technology15.1%
Energy8.6%
Industrials7.3%
Health care3.8%
Consumer discretionary3.6%
Utilities3.6%
Communication services3.1%
Consumer staples2.0%
Materials1.6%
Real estate1.1%

Asset mix

Stocks58.7%
Cash19.0%
Other14.1%
Bonds5.0%
Convertibles2.0%
Preferred shares1.2%

Credit quality

Share of the bonds by rating.

AAA3.1%
AA24.2%
A8.9%
BBB11.7%
BB13.3%
B16.3%
Below B10.2%
Other12.3%

ETF details

Issuer: SABA ETF
Category: Asset Allocation · Other Allocation
Ticker: CEFS
Exchange: Cboe BZX
Inception: 20 Mar 2017 (9.6 years)
Structure: Exchange Traded Fund
Expense ratio: 2.61% (category 1.83%)
Holdings turnover: 44% (category 244%)
Distribution yield: 6.67%
Beta, 3 years: 0.84
Total net assets: $429.6M
Average duration: 4.78 years

Prices and returns as of 30 Oct 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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