Saba Closed End Funds ETF (CEFS) Cours

The investment seeks to provide capital appreciation and dividend income. The fund is an actively managed exchangetraded fund ETF that seeks to achieve its investment objective by normally investing at least 80% of its net assets plus the amount of any borrowings for investment purposes in securitie... The investment seeks to provide capital appreciation and dividend income. The fund is an actively managed exchangetraded fund ETF that seeks to achieve its investment objective by normally investing at least 80% of its net assets plus the amount of any borrowings for investment purposes in securities issued by closedend funds the underlying funds. The advisor expects to invest in underlying funds operated by a diversified group of closedend fund managers underlying fund managers. The fund normally invests in underlying funds that primarily pursue high income opportunities. The Fund may borrow for investment purposes. The Fund also may seek to hedge interest rate risk by engaging in short sales of U.S. Treasury securities and ETFs that seek to track the performance of bond indices or by entering into various types of derivatives transactions, including futures contracts, swaps (including total return swaps) and options (including swaptions). Show more