Saba Closed End Funds Etf Profile
| CEFS Etf | USD 22.46 0.12 0.54% |
Performance10 of 100
| Odds Of DistressLess than 9
|
Saba Closed is selling for under 22.46 as of the 30th of November 2024; that is 0.54 percent increase since the beginning of the trading day. The etf's lowest day price was 22.41. Saba Closed has less than a 9 % chance of experiencing financial distress in the next few years and had a ok performance during the last 90 days. Equity ratings for Saba Closed End Funds are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of June 2024 and ending today, the 30th of November 2024. Click here to learn more.
The fund is an actively managed exchange-traded fund that seeks to achieve its investment objective by normally investing at least 80 percent of its net assets, plus the amount of any borrowings for investment purposes, in securities issued by closed-end funds . More on Saba Closed End Funds
Moving together with Saba Etf
Saba Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Target Outcome ETFs, Asset Allocation ETFs, Tactical Allocation, SABA ETF (View all Sectors) |
| Issuer | Exchange Traded Concepts |
| Inception Date | 2017-03-21 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 239.84 Million |
| Average Trading Valume | 50,529.3 |
| Asset Type | Multi Asset |
| Category | Asset Allocation |
| Focus | Target Outcome |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | Ultimus Fund Solutions, LLC |
| Advisor | Exchange Traded Concepts, LLC |
| Custodian | Brown Brothers Harriman & Co. |
| Distributor | Foreside Fund Services, LLC |
| Portfolio Manager | Boaz Weinstein, Pierre Weinstein, Paul Kazarian |
| Transfer Agent | Brown Brothers Harriman & Co. |
| Fiscal Year End | 30-Nov |
| Exchange | Cboe BZX Exchange, Inc. |
| Number of Constituents | 105 |
| Market Maker | Virtu Financial |
| Total Expense | 5.81 |
| Management Fee | 1.1 |
| Country Name | USA |
| Returns Y T D | 26.77 |
| Name | Saba Closed-End Funds ETF |
| Currency Code | USD |
| Open Figi | BBG00G3T5145 |
| In Threey Volatility | 15.83 |
| 1y Volatility | 12.42 |
| 200 Day M A | 21.1083 |
| 50 Day M A | 22.129 |
| Code | CEFS |
| Updated At | 30th of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.52 |
Saba Closed End Funds [CEFS] is traded in USA and was established 2017-03-20. The fund is listed under Tactical Allocation category and is part of SABA ETF family. The entity is thematically classified as Target Outcome ETFs. Saba Closed End currently have 81.26 M in assets under management (AUM). , while the total return for the last 3 years was 12.3%.
Check Saba Closed Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Saba Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Saba Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Saba Closed End Funds Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Saba Closed End Currency Exposure
Saba Closed End Funds holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of Saba Closed will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in Saba Closed End Funds.
Top Saba Closed End Funds Etf Constituents
| CPZ | Calamos LongShort Equity | Stock | Financials | |
| HIO | Western Asset High | Fund | Asset Management | |
| AOD | Aberdeen Total Dynamic | Fund | Asset Management | |
| NFJ | Virtus Dividend Interest | Fund | Asset Management | |
| IDE | Voya Infrastructure Industrials | Etf | Asset Management | |
| NRK | Nuveen New York | Fund | Asset Management | |
| BGB | Blackstone Gso Strategic | Fund | Asset Management | |
| EVV | Eaton Vance Limited | Fund | Asset Management |
Saba Closed End Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Saba Closed. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.0894 | |||
| Jensen Alpha | 0.0072 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.10) |
Saba Closed Against Markets
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Saba Closed End Funds. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
The market value of Saba Closed End is measured differently than its book value, which is the value of Saba that is recorded on the company's balance sheet. Investors also form their own opinion of Saba Closed's value that differs from its market value or its book value, called intrinsic value, which is Saba Closed's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Saba Closed's market value can be influenced by many factors that don't directly affect Saba Closed's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Saba Closed's value and its price as these two are different measures arrived at by different means. Investors typically determine if Saba Closed is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Saba Closed's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.