(CEFS) Saba Closed-End Funds - Overview
Etf: Closed-End Funds, High-Income Securities, Equity, Fixed-Income
Dividends
| Dividend Yield | 8.10% |
| Yield on Cost 5y | 14.36% |
| Yield CAGR 5y | -5.01% |
| Payout Consistency | 95.2% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 10.1% |
| Relative Tail Risk | 3.04% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.68 |
| Alpha | 2.25 |
| Character TTM | |
|---|---|
| Beta | 0.498 |
| Beta Downside | 0.647 |
| Drawdowns 3y | |
|---|---|
| Max DD | 13.37% |
| CAGR/Max DD | 1.32 |
Description: CEFS Saba Closed-End Funds December 30, 2025
The Saba Closed-End Funds ETF (BATS: CEFS) is an actively managed ETF that allocates at least 80 % of its net assets-and any borrowing capacity-to securities issued by diversified closed-end funds (CEFs) that hold equity and fixed-income positions, with a tilt toward high-income strategies.
Key quantitative points (as of the latest filing): the fund’s expense ratio sits around 0.70 %, assets under management are roughly $150 million, and its 30-day SEC-yield is near 7.2 %, reflecting the income-focused nature of its underlying CEF holdings.
Macro-driven sensitivities: the ETF’s performance is closely linked to the prevailing interest-rate environment (higher rates compress bond yields and can widen CEF discount levels) and to equity market volatility, which influences the credit quality of high-yield bond CEFs that form a substantial portion of the portfolio.
Sector exposure is broadly diversified across U.S. equities, high-yield corporate bonds, and mortgage-backed securities, but the fund’s income bias makes it especially vulnerable to widening credit spreads in a tightening cycle.
Given the limited public data on the fund’s turnover and manager track record, investors should treat the current distribution yield as a provisional indicator pending deeper analysis of underlying CEF discount/premium dynamics.
For a more granular, data-driven view of CEFS’s risk-adjusted returns, you may find ValueRay’s analytical dashboard worth exploring.
What is the price of CEFS shares?
Over the past week, the price has changed by +0.04%, over one month by +1.92%, over three months by +4.54% and over the past year by +12.50%.
Is CEFS a buy, sell or hold?
What are the forecasts/targets for the CEFS price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 28.4 | 22.4% |
CEFS Fundamental Data Overview February 02, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 374.7m USD (374.7m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 374.7m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 374.7m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 7.75% (E(374.7m)/V(374.7m) * Re(7.75%) + (debt-free company))
Discount Rate = 7.75% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)