---
ticker: "CEFS"
name: "Saba Opportunistic Hedged Closed-End Funds ETF"
url: "https://etf.net/etf/CEFS"
grade: "C"
score: 52
graded_at: "2026-10-12"
category: "Closed-End Fund Portfolios"
category_rank: "4 of 7"
methodology: "https://etf.net/methodology"
---

# CEFS: Saba Opportunistic Hedged Closed-End Funds ETF

Grade **C**, Score 52 of 100. Rank 4 of 7 in Closed-End Fund Portfolios.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 56 | 3 of 7 |
| Mission | Not scored | — |
| Risk | 62 | 1 of 7 |
| Tradability | 47 | 5 of 7 |
| Holdings | 34 | 7 of 7 |
| Durability | 59 | 4 of 7 |

## Top holdings

The fund holds 88 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Cash & Other | 17.44% |
| 2 | BSTZ | BlackRock Sci & Tech Trm Tr | 11.09% |
| 3 | ASA | Asa Gold and Precious Metals | 7.50% |
| 4 | NFJ | Virtus Dvd Intrst & Prm Str | 6.56% |
| 5 | RMT | Royce Micro-Cap Trust Inc | 3.50% |
| 6 | ECAT | BlackRock Esg Cap All Trm Tr | 3.18% |
| 7 | GDV | Gabelli Dividend & Income Tr | 2.98% |
| 8 | GAM | General American Investors | 2.85% |
| 9 | NBXG | Neuberger Next Generation Co | 2.75% |
| 10 | PDX | Pimco Dynamic Income Strat | 2.67% |
| 11 | DXYZ | Destiny TECH100 Inc | 2.59% |
| 12 | BTX | BlackRock Tech & Priv Eqty | 2.40% |
| 13 | ZTR | Virtus Total Return Fund Inc | 2.02% |
| 14 | MXF | Mexico Fund Inc | 1.99% |
| 15 | SPXX | Nuveen S&P 500 Dynam Overwr | 1.89% |
| 16 | TCPC | BlackRock Tcp Capital Corp | 1.87% |
| 17 | JOF | Japan Smaller Capitalization | 1.86% |
| 18 | TY | Tri-Continental Corp | 1.85% |
| 19 | USA | Liberty All Star Equity Fund | 1.70% |
| 20 | NML | Neuberger Energy Infrastruct | 1.68% |
| 21 | BMEZ | BlackRock Hlth Sci Trm Tr Ii | 1.50% |
| 22 | HFRO | Highland Opport & Income | 1.49% |
| 23 | WIW | Western Asst Infl-Lnk Opp | 1.33% |
| 24 | GF | New Germany Fund Inc/The | 1.16% |
| 25 | SCD | Lmp Capital and Income Fund | 1.14% |
| 26 | VVR | Invesco Senior Income Trust | 1.10% |
| 27 | BPRE | Bluerock Private Real Estate | 1.05% |
| 28 | LEO | Bny Mellon Strategic Muni | 1.04% |
| 29 | KF | Korea Fund Inc | 1.00% |
| 30 | RVT | Royce Small-Cap Trust Inc | 0.96% |

Source: etf.net, https://etf.net/etf/CEFS. Please cite the page URL.