CEFS ETF — Saba Closed-End Funds ETF

Saba Closed-End Funds ETF (CEFS)

Updated October 16, 2026.

CEFS is an ETF linked to Actively managed portfolio. its distribution rate is 12.35%, its trailing-12-month yield is 8.00%, its expense ratio is 2.61%. Dividend Vision Distribution Safety Score™ is 88/100 (Safe). Total return is 184.1% over the past 9.6 years, 94.4 points behind SPY at 278.5%.

CEFS performance versus SPY

Price and return data through 2026-10-16.

Total return is 184.1% over the past 9.6 years, 94.4 points behind SPY at 278.5%. Over the past year its total return — price change plus distributions reinvested — is 13.2%. Its deepest 1-year drawdown was 5.9%.

CEFS key facts

Distribution Safety Score™

88 · Safe

Safety-Adjusted Yield

10.87%

Issuer

Saba Capital Management

Asset type

ETF

Asset class

Equity

Inception date

03/21/2017

Expense ratio

2.61%

Distribution rate

12.35%

Distribution frequency

Monthly

Trailing yield

8.00%

Last close

$23.91 (as of 2026-10-16)

AUM

$432,456,752

Average volume

107073.0

Dividend

$0.246

Ex-dividend date

09/28/2026

Payment date

09/30/2026

Beta

0.84

How Dividend Vision calculates yield and returns

Distribution rate (12.35%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (8.00%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Saba Capital Management or company page; Index: Actively managed portfolio; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

CEFS risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 5.9%.

Who may consider CEFS — and who may not

CEFS may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on CEFS

• All tickers starting with C

Tagged: Active, Basket, Fund of Funds.

Frequently asked questions

More securities from Saba Capital Management.