CEFSvsFIMUETF Comparison
VS
Saba Closed-End Funds ETF (CEFS) belongs to the Multi-Asset: Other segment. Fidelity Intermediate Municipal Income ETF (FIMU) is part of the Municipal Bonds segment. CEFS's top 2 sector exposures are Non-Corporate and Finance. In contrast, FIMU's top sector exposures are Municipal and Non-Corporate. CEFS is more expensive with a Total Expense Ratio (TER) of 2.61%, versus 0.31% for FIMU. Run a side-by-side ETF comparison of CEFS and FIMU below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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CEFS vs FIMU performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CEFS FIMU | +3.12%+0.11% | +1.42%n/a | +17.21%n/a | +22.48%n/a | +77.60%n/a | +92.90%n/a |
| Flows | CEFS FIMU | +$3M- | +$18M- | +$34M- | +$76M- | +$227M- | +$282M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CEFS FIMU | +10.62%n/a | +9.18%n/a | +10.55%n/a | +12.21%n/a |
| Max drawdown | CEFS FIMU | -4.11%n/a | -4.75%n/a | -12.48%n/a | -16.51%n/a |
| Max drawdown duration | CEFS FIMU | 51dn/a | 41dn/a | 104dn/a | 436dn/a |
Trading data
CEFS | FIMU | |
Last sale 9/1/2026 at 1:30 PM | $25.25 | $19.67 |
| Previous close 08/31/2026 | $25.29 | $19.74 |
| Consolidated volume 08/31/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/1/2026 at 1:30 PM
Live
Closed
CEFS | FIMU | |
|---|---|---|
| Last price | $25.25 | $19.67 |
| 1D performance | -0.16% | -0.38% |
| AuM | $438.21 M | $2.96 M |
| E/R | 2.61% | 0.31% |
Characteristics
CEFS | FIMU | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Saba Capital | Fidelity |
| Benchmark | - | - |
| N° of holdings | 24 | 505 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 21, 2017 | June 17, 2026 |
| ESG | No | No |
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Exposure
Countries
CEFS
USA
35.86%
Other
64.14%
FIMU
USA
37.71%
Other
62.29%
Sectors
CEFS
Non-Corporate
35.41%
Other
64.59%
FIMU
Municipal
33.09%
Other
66.91%
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Diversification
CEFS
Total weight of top 15 holdings out of 15
58.26%
FIMU
Total weight of top 15 holdings out of 15
12.48%
Top 15 holdings
Data as of July 31, 2026
CEFS
US09260K1016
11.41%
Virtus Dividend Interest & Premium Strategy Fund
6.95%
ASA Gold & Precious Metals Ltd.
6.61%
BlackRock ESG Capital Allocation Term Trust
4.82%
US7809151043
3.58%
US36242H1041
3.24%
US3688021043
2.91%
PIMCO Dynamic Income Strategy Fund
2.90%
Neuberger Next Generation Connectivity Fund Inc.
2.57%
US6706EW1000
2.51%
US64129H1041
2.39%
US92835W1071
2.25%
US5928351023
2.16%
BlackRock Technology & Private Equity Term Trust
2.05%
US8954361031
1.89%
FIMU
Fidelity Municipal Cash Central Fund
4.62%
Black Belt Energy Gas District, 5% 1nov2036, USD (2026)
0.81%
Black Belt Energy Gas District, 5% 1jun2031, USD (2026)
0.81%
Main Street Energy Inc., 5% 1oct2033, USD (2026A)
0.70%
Main Street Energy Inc., 5% 1sep2036, USD (2026C)
0.68%
US84136HCT86
0.57%
Lower Alabama Gas District, 5% 1dec2033, USD (2025)
0.57%
Black Belt Energy Gas District, 5% 1oct2033, USD (2026)
0.56%
US292723DP56
0.54%
Texas Municipal Gas Acquisition and Supply Corp., 5.25% 1mar2037, USD (2026A)
0.51%
California Community Choice Financing Authority, 5% 1feb2031, USD (2026D)
0.48%
US09182TGC53
0.45%
Southeast Energy Authority, 5.25% 1mar2055, USD (2025B)
0.41%
Tennessee Energy Acquisition Corp., 5% 1dec2035, USD (2025A)
0.39%
US84136HAH66
0.38%
Frequently asked questions about CEFS and FIMU
Which ETF is bigger: CEFS or FIMU?
As of August 31, 2026, CEFS holds $438.21 M in assets under management (AUM), while FIMU manages $2.96 M.
What sectors do the CEFS and FIMU ETFs invest in?
CEFS leans toward sectors like Non-Corporate. Meanwhile, FIMU focuses on Municipal.
What are the top holdings of the CEFS ETF and FIMU ETF?
CEFS top holdings include US09260K1016, Virtus Dividend Interest & Premium Strategy Fund and ASA Gold & Precious Metals Ltd.. FIMU holds in its top three: Fidelity Municipal Cash Central Fund, Black Belt Energy Gas District, 5% 1nov2036, USD (2026) and Black Belt Energy Gas District, 5% 1jun2031, USD (2026).
Which ETF is more diversified: CEFS or FIMU?
CEFS holds 71 securities with 58.26% of its assets in the top 15. FIMU has 2796 securities and a top 15 weight of 12.48%.
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