CEFSSaba Closed-End Funds ETF

Get income9y track recordRanked #970 of 1,622 in this goal

Seeks to provide capital appreciation and dividend income.

By SABA ETF · Launched 2017

Annual Cost

2.61%

#5,528 of 5,562 · expensive

Fund Size

$421M

#1,715 of 5,562 · large

Dividend YieldGoal

6.01%

Track Record

9 years

#1,533 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$12,608+26.1%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 60.9% of fundconcentrated

BBH SWEEP VEHICLE

11.9%

BlackRock ESG Capital Allocation Term Trust

9.4%

ASA Gold and Precious Metals Ltd.

8.7%

BlackRock Science and Technology Term Trust

6.2%

BNP LINE OF CREDIT SABA

6.0%

Gabelli Divid & Income Tr

4.6%

Virtus Dividend, Interest & Premium Strategy Fund

3.7%

General American Investors Company, Inc.

3.6%

PIMCO Dynamic Income Strategy Fund

3.6%

Neuberger Berman Next Generation Connectivity Fund Inc

3.1%

Asset allocation

Stocks

59.5%

Cash

27.9%

Other

6.2%

Convertible

2.9%

Bonds

2.3%

Preferred

1.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

10.4%Moderate

Year-on-year price swings

Max drawdown

-39.0%Severe

Worst peak-to-trough loss

Sharpe (3Y)

1.38Strong risk-adjusted returns

Sortino (3Y)

1.99Good downside protection

Where to buy

Listing

Exchange: Cboe BZX

Full fund details

Objective: Seeks to provide capital appreciation and dividend income.
Strategy: Actively managed ETF investing at least 80% of net assets in securities issued by closed-end funds. The Fund targets high income opportunities, including equity and high yield securities. It may invest in Underlying Funds operated by various managers, including those involved in activist campaigns to reduce NAV discounts. The Fund can invest in a broad range of securities, including foreign and emerging markets, and may use derivatives, short sales, and borrow for investment purposes to manage risk and enhance returns.
Inception date: March 20, 2017
Fund family: SABA ETF