CEFS Saba Closed-End Funds ETF

Event Driven · SABA ETF

ETF 3 · Weak Momentum 8.0 · Strong Watch

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25.08

+0.02%

About the fund

— 2.61% Assets (AUM) 427.1M Inception 2017 — — 23.59

52w 22.05 25.98

Top holdings

BSTZ BlackRock Science and Technology Trust II 13.17%
ASA ASA Gold and Precious Metals 8.09%
NFJ Virtus Dividend, Interest & Premium Strategy Fund 7.81%
GDX VanEck Gold Miners ETF 6.46%
ECAT BlackRock ESG Capital Allocation Trust 6.40%
GDV Gabelli Dividend & Income Trust 3.72%
NBXG Neuberger Nxt Generation Cnnctvty 3.22%
GAM General American Investors Co Inc 3.21%

Dividend deep dive

The Saba Closed-End Funds ETF (CEFS) is an actively managed "Event Driven" fund from the SABA ETF family, holding assets totaling $427,072,864. It primarily invests in closed-end funds, with a significant allocation to Financial Services (48.9%), followed by Technology (14.32%) and Energy (10.84%). Top holdings include BlackRock Science and Technology Trust II (13.17%) and ASA Gold and Precious Metals (8.09%). The fund has maintained a consistent annual distribution of $1.68. The current dividend yield is not provided; the fund's 5-year average yield is 8.38%.

Dividend history

CEFS has maintained a remarkably consistent distribution, paying $1.68 annually since its inception in 2017, through 2025 according to the provided data. This translates to a 3-year distribution CAGR of 0.0% and a 5-year distribution CAGR of 0.0%. The fund makes monthly distributions to shareholders. The stable distribution reflects the income generated by the underlying closed-end funds and other holdings within its portfolio. This consistent payment record provides a clear historical picture of the fund's distribution practices over its operational period.

Dividend safety

The Saba Closed-End Funds ETF carries a high expense ratio of 2.61%, which significantly impacts the net returns to investors. The fund has demonstrated perfect consistency in its annual distribution, maintaining $1.68 per year across all reported years from 2017 to 2025. While the current dividend yield is not available to assess its position relative to historical ranges, the fund's 5-year average yield is 8.38%. Its 5-year yield band has ranged from a low of 7.56% to a high of 9.22%, indicating relatively stable yield characteristics over time.

Key risks

The fund has a very high expense ratio of 2.61%, which is substantially above average for an ETF.
Significant sector concentration with nearly half of its assets (48.9%) allocated to Financial Services.
Lack of distribution growth, with both 3-year and 5-year CAGRs at 0.0%.
Concentration risk in top holdings, such as BlackRock Science and Technology Trust II (13.17% weight).

What to watch

Future distribution announcements to observe any changes from the historical $1.68 annual payment.
Changes in the expense ratio, given its current high level.
Shifts in the fund's sector allocations, especially the dominant Financial Services weighting.
Performance and distribution policies of its largest underlying holdings.

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AI-generated from Quantic's dividend data · Updated 17 Jul 2026 · Information, not financial advice.

Price history

Monthly close ·

Dividend profile

Frequency Monthly Growth (TTM) -4.0% CAGR 3y +0.0% +0.0% 0 years

Payment calendar

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Dividend history

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Per-share dividend by year

Held by 1 investor

Information, not financial advice.