 The
Exchange Listed Funds Trust ETF, ticker symbol CEFS, is an actively
managed fund that invests in a diversified portfolio of closed-end
funds across different asset classes, including equity, fixed income,
and alternative investments. The fund aims to provide high current
income and capital appreciation through investments in closed-end
funds with attractive valuations and income-producing capabilities.
CEFS was launched on May 22, 2018, and has an expense ratio of
1.41%. The fund is managed by UBS Financial Services Inc. and is
structured as a fund-of-funds, which means that it invests in other
funds rather than individual securities.
Investors in CEFS may
benefit from its diversification across asset classes, as well as the
potential for higher yields from closed-end funds. Closed-end funds
can offer higher yields than open-end funds because they trade on
exchanges like stocks and are subject to supply and demand dynamics,
which can cause discounts or premiums to their net asset values. CEFS
seeks to take advantage of these discounts to buy closed-end funds at
attractive prices and generate higher yields for investors.
However, CEFS may be subject to market volatility and risks associated
with closed-end funds, such as leverage, interest rate risk, and
credit risk. The fund's performance may also be affected by changes in
the performance of the closed-end funds it invests in, as well as
changes in the market conditions of the underlying asset classes.
Overall, CEFS may be suitable for investors looking for
diversification across asset classes and exposure to closed-end funds,
as well as the potential for higher yields. However, investors should
carefully consider the risks and expenses associated with the fund
before making any investment decisions.
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