Saba Closed End Funds ETF·Financial Services

Dividend investing isn't just a defensive play or a retiree's game.

FOF is rated 'Buy' for income-oriented investors, but only after a technical correction from its overheated premium. Current FOF premium (8.72% P/NAV, Z-score 4.85) signals short-term overvaluation; optimal entry is at a 1.01x–1.03x P/NAV. FOF and CEFS are compared here as they represent the main rivals for capital within the specialized 'fund of funds' space.
The fund is an actively managed exchange-traded 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 closed-end funds (the "underlying funds"). The advisor expects to invest in underlying funds operated by a diversified group of closed-end fund managers ("underlying fund managers") that invest in equity and fixed income securities. The fund normally invests in underlying funds that primarily pursue high income opportunities.
Financial Services
Asset Management
2017-03-21
0.88