CEFS ETF Profile

Family:	Saba Capital
Name:	Saba Closed-End Funds ETF

Inception Date:	20-Mar-2017
Termination Date:
Investment Objective:	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").

Prospectus

Top 10 Holdings
Derivatives offset		52.9589%
US 10YR NOTE (CBT)JUN24	TYM4	-29.2543%
US 5YR NOTE (CBT) JUN24	FVM4	-23.7046%
CASH & OTHER		-21.2918%
BLACKROCK ESG CAP ALL TRM TR	ECAT	18.2463%
BLACKROCK INNOV & GRW TRM TR	BIGZ	9.1085%
CLEARBRIDGE ENERGY MIDSTREAM	EMO	8.3878%
ADAMS DIVERSIFIED EQUITY	ADX	5.6826%
ASA GOLD AND PRECIOUS METALS	ASA	5.5329%
NUVEEN MULTI-ASSET INCOME	NMAI	5.2524%
	Top 10 Holdings Weight:	30.9%

Number of Holdings:	116
Shares Outstanding:	9,250,001
Total Net Assets:	184,445,000
NAV:	19.86
Net Expense Ratio:	2.42%

Asset Class:	Closed End Funds
Developed or Emerging:	Funds Combining Developed & Emerging Exposure
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Is Currency Hedged:	No
US or Ex-US:	Global