CEFS
Saba Closed-End Funds ETF
NAV as of
4 Week: 17.80 - 18.54
52 Week: 16.67 - 19.13
Latest Closing Price
17.80
Premium / Discount
0.57
Expense Ratio
2.42%
Investment Objective
The investment seeks to provide capital appreciation and dividend income. The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by normally investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities issued by closed-end funds (the "underlying funds"). The advisor expects to invest in underlying funds operated by a diversified group of closed-end fund managers ("underlying fund managers") that invest in equity and fixed income securities. The fund normally invests in underlying funds that primarily pursue high income opportunities.
Main Fund Characteristics
Performance
| Period | Performance Returns(%) | Volatility(%) | Risk Adjusted Performance |
|---|---|---|---|
| YTD | 3.15 | 0.88 | 3.59 |
| 1 Day | 0.00 | 0.00 | 0.00 |
| 1 Week | -2.14 | 1.74 | -1.23 |
| 1 Month | -1.77 | 2.93 | -0.60 |
| 3 Months | -2.79 | 5.29 | -0.53 |
| 6 Months | 3.19 | 8.70 | 0.37 |
| 1 Year | 1.74 | 14.84 | 0.12 |
| 2 Years | -15.84 | 21.51 | -0.74 |
| 3 Years | 0.00 | 0.00 | 0.00 |
| 5 Years | 0.00 | 0.00 | 0.00 |
| 10 Years | 0.00 | 0.00 | 0.00 |
Price History
Annual Performance Return
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
| Price (%) | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | -10.4047 | 29.0324 | 3.9109 | 15.6674 | -6.5865 |
| Nav (%) | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
| Rank | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 100.0000 | 1.0000 | 69.0000 | 33.0000 | 12.0000 |
Dividend Frequency
Lastest Dividend
| Ex Date | Payment Date | Dividend Payout per unit |
|---|---|---|
| 19/09/2023 | 24/09/2023 | 0.1400 |
| 20/08/2023 | 23/08/2023 | 0.1400 |
| 19/07/2023 | 23/07/2023 | 0.1400 |
| 19/06/2023 | 22/06/2023 | 0.1400 |
| 21/05/2023 | 24/05/2023 | 0.1400 |
| 19/04/2023 | 23/04/2023 | 0.1400 |
| 19/03/2023 | 22/03/2023 | 0.1400 |
| 20/02/2023 | 23/02/2023 | 0.1400 |
| 19/01/2023 | 24/01/2023 | 0.1400 |
| 19/12/2022 | 22/12/2022 | 0.4132 |
Portfolio Data
Total Number of Holdings: 101
Number of Bond Holdings: 0
Number of Equity Holdings: 0
Total Market Value: 139,768,061
Portfolio Composition
Top 10 Holdings
| % Portfolio Weight | Shares Owned | Shares Changed | Market Value | ||
|---|---|---|---|---|---|
| N.A | |||||
Country Exposure
Regional Exposure
America
Greater Europe
Greater Asia
Market Classification
Market Capitalization
| Size | % of portfolio |
|---|---|
| Giant | 17.37 |
| Large | 23.48 |
| Medium | 31.17 |
| Small | 9.09 |
| Micro | 3.28 |
Equity Style Box Breakdown
| 0 | 0 | 0 | Large |
| 0 | 0 | 0 | Mid |
| 0 | 0 | 0 | Small |
| Value | Blend | Growth |
Value Measures
Price/Prospective Earnings*
34.6524
Price/Book*
5.7694
Price/Sales*
1.9611
Price/Cash Flow*
23.6543
Dividend Yield*
0.3680
Growth Measures
Long-Term Earnings
12.4695
Historical Earnings
26.6112
Sales Growth
4.5682
Cash-Flow Growth
2.1551
Book-Value Growth
20.6438
*Forward-looking based on historical data.
Equity Sector
Number of Bond Holdings
0
Bond Statitics
| Detail | Value |
|---|---|
| Average Effective Duration | 7.05 |
| Average Effective Maturity (Years)* | 10.21 |
| Average Credit Quality | 13.00 |
| Average Weighted Coupon* | 5.19 |
| Average Weighted Price* | 92.50 |
Bond Style Box Breakdown
| 0 | 0 | 0 | High | Quality |
| 0 | 0 | 0 | Med | |
| 0 | 0 | 0 | Low | |
| Ltd | Mod | Ext | ||
| Interest-Rate Sensitivity | ||||
Credit Quality
| Type | % Bonds |
|---|---|
| AAA | 5.52 |
| AA | 27.80 |
| A | 13.12 |
| BBB | 17.06 |
| BB | 13.20 |
| B | 7.89 |
| Below B | 2.43 |
| Not Rated | 12.98 |
Bond Sector
Bond Maturity
| % Bonds | |
|---|---|
| 1 to 3 Years | 5.72 |
| 3 to 5 Years | 8.96 |
| 5 to 7 Years | 6.02 |
| 7 to 10 Years | 9.78 |
| 10 to 15 Years | 7.09 |
| 15 to 20 Years | 10.29 |
| 20 to 30 Years | 24.94 |
| Over 30 Years | 4.40 |
| 1 to 7 Days | 0.00 |
| 8 to 30 Days | 0.01 |
| 31 to 90 Days | 0.00 |
| 91 to 182 Days | 1.32 |
| 183 to 364 Days | 1.35 |
Data Source: Morningstar
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