SABA NEWS

The Stock Market Crash That Almost No One Heard
December 21, 2018
BARRON'S : On Thursday, some closed-end funds traded down as much as 15% before pulling out of a free fall

An Open Mind On Closed-End Fund ETFs
November 1, 2018
ETF Advisor : 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...

Understanding Closed End Funds In ETFs
September 21, 2018
ETF.com : 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...

Potentially Round Out Your Portfolio With Closed-End Funds
July 30, 2018
TheStreet : Investors seeking higher yields should consider the potential benefits of closed-end funds.

New Oil Play, Buyback Focus Among Investing Pro's Top ETF Picks
July 23, 2018
Investor's Business Daily : 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...

New Oil Play, Buyback Focus Among Investers Top ETF Picks
July 23, 2018
Saba ETF : Toroso Asset Management uses exchange traded funds to build custom portfolios for its clients. As a professional asset manager, its ETF picks must meet various tests of quality and probability of reaching their objectives.

Saba CEFS finds yield in deep discounts
July 16, 2018
Saba ETF : 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.

Saba CEFS finds yield in deep discounts.
July 16, 2018
etfexpress : 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....

Saba’s Leah Jordan Explains Closed-End Funds, CEFS ETF
June 19, 2018
theETFstore : 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.

Saba Closed-End Funds ETF (Bats: CEFS) Declares First Monthly Distribution
April 6, 2017
Saba ETF : 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...

Press Release
March 20, 2017
Saba ETF : 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...

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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 or sending money.

Investing involves risk, including possible loss of principal. Investments in foreign securities may involve risks such as social and political instability, market illiquidity, exchange-rate fluctuations, a high level of volatility and limited regulation. Because 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. Leverage may increase the risk of loss and cause fluctuations in the market value of the Fund's portfolio 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 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. While the Fund receives premiums for writing the call options, the price it realizes from the exercise of an option could be substantially below a stock's current market price. High-yield bonds 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.

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