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ETFs

Saba Closed-End Funds ETF

CEFS
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Mar 20 2017
Expense Ratio
2.42%
Type
Global Closed End Funds
Fund Owner
Saba Capital
Volume (1m avg. daily)
$740,339
AUM
$123,941,244
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Derivatives offset
39.28%
ECAT
BLACKROCK ESG CAP ALL TRM TR
17.29%
GIM
TEMPLETON GLOBAL INCOME FUND
8.61%
EMO
CLEARBRIDGE ENERGY MIDSTREAM
6.78%
BCAT
BLACKROCK CAPITAL ALLOC TR
5.72%
NBXG
NBRGR BRMN NEX GEN CONNECT
5.50%
BFZ
BLACKROCK CALIFOR MUNI IN TR
5.08%
CTR
CB MLP & MS TOT RET FUND INC
4.94%
NMAI
NUVEEN MULTI-ASSET INCOME
4.62%
BIGZ
BLACKROCK INNOV & GRW TRM TR
4.32%
Invest with CEFS

What is CEFS?

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").

ETFs related toCEFS

ETFs correlated to CEFS include XAUG, IMCB, FEX

CEFS
Exchange Traded Concepts Trust - Saba Closed-End Funds ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
IMCB
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap ETF
FEX
First Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund
BBMC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
EQAL
Invesco Capital Management LLC - Invesco Russell 1000 Equal Weight ETF
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
SCHM
Schwab Strategic Trust - Schwab U.S. Mid-Cap ETF
IWR
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap ETF
BKMC
BNY Mellon ETF Trust - BNY Mellon US Mid Cap Core Equity ETF
TILT
FlexShares Trust - FlexShares Morningstar US Market Factors Tilt Index Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

CEFS is a Global Closed End Funds ETF. 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").

Yes, CEFS is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, CEFS is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on CEFS is -0.0096%. This is the percent change in the value of CEFS over the most recent 1-month period. The 3-month return on CEFS is -0.008%. This is the percent change in the value of CEFS over the most recent 3-month period.

The standard deviation of CEFS for the past year is 0.1487%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to CEFS include PFF, PGF, and PGX.

ETFs correlated to CEFS include XAUG, IMCB, and FEX.

ETFs that are inversely correlated to CEFS include TWM, SRTY, and TZA.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.