CEFS · Saba Opportunistic Hedged Closed-End Funds ETF
Know the company
Company overview
Saba Opportunistic Hedged Closed-End Funds ETF owns other closed-end funds. Cash received from those holdings can reach ETF shareholders, while the underlying funds' market discounts, borrowing and payment sources add another layer to assess.
Business
Closed-end-fund portfolio ETF
Listing
CEFS · BATS
Reporting period
2026-05-31
Dividend schedule
Monthly
How the business works
Cash from held funds after ETF expenses contributes to net investment income. Changes in underlying fund prices and discounts affect net asset value separately, and an ETF income figure does not prove that each holding earned its own distribution.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Net investment income$0.80
Dec 1, 2025 to May 31, 2026
$0.00$0.80
Distribution yield7.19%Sourced distributions divided by dated market priceTrailing 12-month income yieldNot availableA complete 12-month reported net investment income figure and dated market price are needed.Trailing 12-month distributions$1.81Recorded recurring payments per share, not a forecast
Dividend payment history
Date or month
Per share
Sep 30, 2026
$0.246
Reported earnings and sources
Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.
Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.
NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.
Why the annual trend is limited
The fund changed its investment policy in August 2026. The available May 2026 filing predates that change, so it cannot establish a trend for the current strategy.
Fund net investment income per common share; actual reporting period, not annualized$0.8000
Total cash distributions in the same period$0.9700
$0.00$1.00
For the six months ended May 31, 2026, CEFS reported $0.80 of net investment income and $0.97 of distributions per share. Net asset value rose from $22.62 to $25.35. ETF income accounted for much of the cash, while the stronger value gives context without settling the source of each underlying fund's payment.
Portfolio interest and dividends, realized investment results and any derivative activity contribute to distribution resources after expenses. Taxable income and cash distributions can differ from reported net investment income.
The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.
Saba Opportunistic Hedged Closed-End Funds ETF reported $0.8000 per share for 2025-12-01 to 2026-05-31, measured as Fund net investment income per common share; actual reporting period, not annualized.
Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.
Income and capital are exposed to underlying fund leverage, discounts, distribution changes and layered fees.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Payments can change and can include gains or return of capital. A high trailing yield does not establish earnings coverage or total return.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Compare the next like-length ETF income and cash paid, then inspect major holdings' discounts, leverage, payment sources and net asset value.
Net asset value (NAV)
NAV per share$25.22Sep 9, 2026Market price$25.12Sep 11, 2026PREMIUM / DISCOUNT TO NAVUnavailableUnavailable: requires valid positive NAV and market price from the same date.
NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.
Saba company-indexed ETF NAV dated 2026-09-09. The newer saved market price is preserved. No premium or discount is calculated from different dates. The company page currently leaves numeric fields blank; a dated source capture is retained internally. Older audited NAV history remains unchanged.
Compare the next like-length ETF income and cash paid, then inspect major holdings' discounts, leverage, payment sources and net asset value.
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U.S. federal
Dividend tax treatment
CEFS has monthly notices that describe where payments appeared to come from as they were made. A later annual filing tells a different story for its November fiscal year. Neither is a complete January-to-December tax answer. For now, the notices are useful context, not a percentage you should carry into your tax return.
