# Saba Opportunistically Hedged Closed-End Funds ETF (CEFS) — Overview

CEFS · BATS · Fund

Canonical page: https://www.lighthorse.io/tickers/cefs

## Price

Last close $24.18 on Oct 15, 2026. 52-week range $22.10 – $25.82.

## Fund profile

CEFS is an actively managed fund-of-funds that seeks to generate high income by investing in closed-end funds trading at a discount to net asset value and hedging for duration risk.

| Metric | Value |
| --- | --- |
| Issuer | Exchange Traded Concepts, LLC |
| Industry | — |
| Inception | Mar 21, 2017 |
| Assets under management | $426.1M |
| Expense ratio | 2.61% |
| Net asset value | $24.14 (as of Oct 14, 2026) |
| Distributions | Quarterly |
| Leverage | 1x |

## Frequently Asked Questions

### What is Saba Opportunistically Hedged Closed-End Funds ETF (CEFS)?

CEFS is an actively managed fund-of-funds that seeks to generate high income by investing in closed-end funds trading at a discount to net asset value and hedging for duration risk.

### What is CEFS's expense ratio?

Saba Opportunistically Hedged Closed-End Funds ETF charges an annual expense ratio of 2.61%. The fund is issued by Exchange Traded Concepts, LLC.

### How large is CEFS?

Saba Opportunistically Hedged Closed-End Funds ETF manages $426.1M in assets and has traded since Mar 21, 2017.

### How do I buy shares of Saba Opportunistically Hedged Closed-End Funds ETF (CEFS)?

CEFS trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

---

Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).