Saba Opportunistically Hedged Closed-End Funds ETF (CEFS)
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Learn moreETF Summary
The fund is an actively managed exchange-traded fund that seeks to achieve its investment objective by normally investing at least 80% of its net assets, (a) in securities issued by closed-end funds or derivatives that provide investment exposure to closed-end funds either directly or indirectly and (b) opportunistically in long and/or short positions of (i) single name or basket securities or instruments seeking to hedge market exposure and/or (ii) derivatives instruments seeking to hedge market exposure.
Risk Overview
Risk Overview Information Not Available
Performance & Risk
| YTD Return | 10.20% |
| 5y Average Return | 12.29% |
|---|---|
| Rank in Category (ytd) | -- |
| % Rank in Category (ytd) | -- |
| Beta (5Y Monthly) | 0.84 |
| Morningstar Risk Rating | -- |
Risk Statistics
| 3 Years | 5 Years | 10 Years | ||||
|---|---|---|---|---|---|---|
| |
CEFS | Category Average | CEFS | Category Average | CEFS | Category Average |
|
Alpha
|
2.6 | -0.48 | 2.69 | -1.36 | 0 | -0.12 |
|
BETA
|
0.84 | 0.17 | 0.83 | 0.17 | 0 | 0.24 |
|
Mean Annual Return
|
1.71 | 0.56 | 1.12 | 0.3 | 0 | 0.39 |
|
R-squared
|
79.72 | 22.8 | 82.94 | 24.28 | 0 | 33.18 |
|
Standard Deviation
|
11.29 | -- | 13.61 | -- | 0 | -- |
|
Sharpe Ratio
|
1.42 | 0.34 | 0.7 | -0.06 | 0 | 0.4 |
|
Treynor Ratio
|
20.56 | 26.22 | 11.14 | -3.74 | 0 | 11.51 |
