Fund Evaluator:
Saba Closed-End Funds ETF (CEFS)
Follow This Fund
Alternative Strategies
Global Asset Class
Alternative
Fund Group
Event Driven
Category
$19.820
NAV (as of Oct 07)
$0.00
Minimum Initial
2.61% F
Expense Ratio
$424 Mil
Assets
Open
Status
0.00%
12b-1 Fee
6.17%
TTM Yield
0.00%
Max Load
44%
Portfolio Turnover
Best Performing in Event Driven Over the Last Year
| 5.1% | NexPoint Merger Arbitrage Z (HMEZX) |
| -1.5% | NexPoint Event Driven Z (HHCZX) |
Data as of 7/31/2026
-2.0% F
1-Mo Return
2.8% B
3-Mo Return
13.7% A
YTD Return
20.1% A
1-Yr Return
18.8% A
3-Yr Return
13.8% A
5-Yr Return
2.48 F
Category Risk Index
0.96
Total Risk Index
Fund Details
Fund Family
SABA ETF
Inception Date
3/20/2017
Share Class Type
Equity Investment Style
Large-Cap
Blend
Bond Investment Style
na
Socially Responsible Fund
No
Index Fund
No
Benchmark Index
S&P 500 (TR) (1970): 100%
Additional Fund Details
Saba Closed-End Funds ETF Overview
CEFS Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CEFS Return (NAV) | -2.0% | 2.8% | 20.1% | 18.8% | 13.8% | na |
| CEFS Grade | F | B | A | A | A | na |
| +/- Category | -2.0% | 2.1% | 14.1% | 12.5% | 9.9% | na |
| Event Driven Avg | 0.0% | 0.7% | 6.0% | 6.3% | 3.9% | 4.4% |
| CEFS Tax Cost Ratio | na | na | 2.9% | 3.3% | 3.8% | na |
CEFS Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CEFS Return (NAV) | 13.7% | 15.5% | 23.8% | 21.1% | -6.6% | 15.7% | 3.9% | 29.0% | -10.4% | na | na |
| CEFS Grade | A | A | A | A | D | A | B | A | F | na | na |
| +/- Category | 11.3% | 6.7% | 19.6% | 16.3% | -5.0% | 13.2% | -3.8% | 22.0% | -13.5% | na | na |
| Event Driven Avg | 2.4% | 8.9% | 4.2% | 4.8% | -1.6% | 2.4% | 7.7% | 7.0% | 3.1% | 4.6% | 2.8% |
| Risk Measures | |
| Standard Deviation: | 11.8% |
| Total Risk Index: | 0.96 - Below Average |
| Category Risk Index: | 2.48 - High |
| Category Risk Grade: | F (114% Rank) |
| Beta: | 0.85 |
| R-Squared: | 82% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 6.2% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | |
| Total Assets: | $424 Mil |
| Fund Total Assets: | $ 425 Mil |
| Share Class Type: | |
| Portfolio Turnover: | 44% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 9.4 years | |||
| Average Tenure: 9.4 years | |||
| Managers (Year): Weinstein Boaz (2017), Kazarian Paul (2017) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 82 |
| % in Top 10 Holdings: | 63.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 4.8% |
Portfolio Allocation |
|
| Domestic Stock: | 59.8% |
| Foreign Stock: | 3.0% |
| Preferred Stock: | 1.5% |
| Domestic Bond: | 4.1% |
| Foreign Bond: | 1.8% |
| Convertible Bond: | 2.7% |
| Other: | 10.7% |
| Cash: | 16.5% |
Purchase Information
| Fund Family: | SABA ETF |
| Phone Number: | 888-615-4310 |
| Website: |
| Status: | Open |
| Inception Date: | March 20, 2017 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 2.61% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.92% |
| Share Class: | Saba Closed-End Funds ETF |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
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