November 16, 2021 EST

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

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.

December 21, 2018 EST

The Stock Market Crash That Almost No One Heard

On Thursday, some closed-end funds traded down as much as 15% before pulling out of a free fall

November 01, 2018 EDT

An Open Mind On Closed-End Fund ETFs

Closed-end funds can offer investors high yield at a discount, but they’re complex vehicles that need a fair amount of research and babysitting...

September 21, 2018 EDT

Understanding Closed End Funds In ETFs

CEFs are portfolios of securities that can potentially pay out dividends and capital gains distributions, but, unlike ETFs, they can’t create or redeem shares on a daily basis...

July 30, 2018 EDT

Potentially Round Out Your Portfolio With Closed-End Funds

Investors seeking higher yields should consider the potential benefits of closed-end funds.

July 23, 2018 EDT

New Oil Play, Buyback Focus Among Investing Pro's Top ETF Picks

Saba Closed End Fund (CEFS) is an actively managed ETF focused on the $230 billion closed-end fund market. Activism in corporate America is a well-known approach, but it is not institutionalized in the 500 closed-end fund space and arguably part of the reason why discounts are so often acceptable by the market...

July 23, 2018 EDT

Saba CEFS finds yield in deep discounts.

Saba Capital Management, the New York based USD1.4 billion hedge fund, has recently celebrated the one-year anniversary of its first foray into ETFs, with CEFS, its ETF based on closed-end funds....

June 19, 2018 EDT

Saba’s Leah Jordan Explains Closed-End Funds, CEFS ETF

Leah Jordan, V.P. of Investor Relations at Saba Capital Management, explains closed-end fund basics and spotlights the Saba Closed-End Funds ETF (CEFS). You can listen to the interview with Leah Jordan by clicking on the title above.

April 06, 2017 EDT

Saba Closed-End Funds ETF (Bats: CEFS) Declares First Monthly Distribution

Saba Closed-End Funds ETF (Bats: CEFS) Declares First Monthly DistributionSaba Closed-End Funds ETF (Bats: CEFS) Declares First Monthly Distribution NEW YORK – April 6, 2017 Saba Capital Management, L.P., a New York-based alternative investment advisor, announced...

March 20, 2017 EDT

Press Release

Saba Capital Management, L.P. (“Saba”) Launches an ETF Focused on Closed-End Funds, Including a Rates Hedge (Bats: CEFS) (Date) – Saba launches CEFS, an actively managed ETF that seeks to generate high income by investing in closed-end funds trading at a discount to...

Exchange Traded Concepts, LLC serves as the investment advisor. Saba Capital Management, L.P. serves as sub-advisor to the fund and is responsible for all investment decisions. Foreside Fund Services, LLC serves as the distributor.

Carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund's prospectus, which may be obtained by visiting www.sabaETF.com. Investors should read it carefully before investing.

Investing involves risk, including possible loss of principal. The Fund is a “fund of funds,” its investment performance largely depends on the investment performance of the Underlying Funds in which it invests, and the Fund is subject to the risks associated with the Underlying Funds. Some of those underlying risks include, but is not limited to, investments in foreign securities, which may involve risks such as social and political instability, market illiquidity, exchange-rate fluctuations, a high level of volatility and limited regulation. Leverage may increase the risk of loss and cause fluctuations in the market value of the Fund's portfolio, or the Underlying Funds, to have disproportionately large effects or cause the NAV of the Fund generally to decline faster than it would otherwise. Derivatives may be more sensitive to changes in market conditions, amplifying risks. The Fund, or the Underlying Funds, may engage in writing covered call options, which may limit its opportunity to profit from an increase in the price of the underlying stock above the exercise price, but continues to bear the risk of a decline in the stock. A liquid market may not exist for options held by the Fund or the Underlying Funds. While the Fund, or the Underlying Funds, may receive premiums for writing the call options, the price it may realize from the exercise of an option could be substantially below a stock's current market price. High-yield bonds held by the Fund, or the Underlying Funds, have a higher risk of default or other adverse credit events, but have the potential to pay higher earnings over investment grade bonds. The higher risk of default, or the inability of the creditor to repay its debt, is the primary reason for the higher interest rates on high-yield bonds. Diversification may not protect against market risk.