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Saba Capital Income & Opportunities Fund (BRW)

Taxable Bond Funds - Multisector Bond Funds

Data as of May 20, 2024
Current
Market Price $7.28 (+ $0.04)
NAV (May 20, 2024) $7.97 (+ $0.07)
Fund Listed NYSE
Premium / Discount -8.66% (-0.30%)
Fund Info
Inception May 12, 1988
Sponsor Saba Capital Management
Website https://www.sabacef.co...
Phone 212-542-4644
NAV Symbol XBRWX
Location Arizona
Incorporated Massachusetts
Staggered Board No
Term Date N/A
Objective: High level of current income and capital appreciation by investing in High Yield credit on a non-diversified basis. The Fund will also opportunistically target other investments.
Related Indexes
High Income Index
Multisector Bond Fund Index
Discount CEF/BDC Index
Alternative Income Index
Capital & Leverage
Outstanding Shares 42,529,493
Total Assets (Reported: Oct. 31, 2023) $649M
Estimated Total Assets $429M
Net Assets $339M
Market Cap $310M
Portfolio Turnover 76.16%
Total Leverage 20.98%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 4.61%
Non Lev Exp Ratio 1.58%
Rel Lev Cost 7.86%
Discount Data
Average Discount (3 Yr) -7.97%
Discount Low(3 Yr) -12.72%
Discount High(3 Yr) -3.55%
Discount Rel Range (3 Yr) 44.29%
Comp Discount -5.41
Discount St Dev (1Yr) 1.24
Z-Stat
Z-Stat (6mo) -0.19
Z-Stat (1Yr) 0.03
Z-Stat (3Yr) -0.39
Comp Z-Stat (6mo) -0.72
Comp Z-Stat (3Yr) -0.34
Distribution Data
Market Yield 14.01%
Income Yield 0.15%
Lev Adj NAV Yield 10.58%
Distribution Frequency M
Current Distribution $0.085
Current Income $0.001
Ex-Date 5/8/24
Payable Date 5/31/24
Div Growth (3yr) 507.14%
Dividend Change -1.2% on 6/30/23
Expected Div 6/3/24
RoC (1yr) 79.47%
RoC (3yr) 76.98%
Tax Dividend Data 2022 2020 - 2022
Income 29.0% 53.1%
ST Gains 0% 0%
QDI 0.2% 0.1%
LT Gains 0% 0%
RoC 71.0% 46.9%
Volume & Liquidity
Average Daily $ (K) $1,110
Avg Volume 30 day 112,499
Avg Volume 90 day 152,533
Volume Trend -26.25%
Comp Volume Trend -13.14%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
15.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
45.0%
Price Correlation (1yr)
vs. CEFA's Multisector Bond Fund Index
56.0%
Most Correlated Peer (Mk Pr): PAXS 53.0%
NAV - Price Correlation (30 d) 43.2%
NAV - Price Correlation (90 d) 62.5%
NAV - Price Correlation (1 Yr) 91.7%
Price St Dev (1Yr) 11.3%
NAV St Dev (1Yr) 10.1%
Earnings
Earnings / Share (10/31/23) $0.020
Earn Coverage 22.94%
Earnings Trend Up
UNII / Share (10/31/23) $-0.030
Rel UNII -270.83
UNII Trend Down
Bond Specific Data
Maturity
Duration
Credit Rating (rbo) B
Investment Grade 4.30%
Non Investment Grade 95.37%
Unrated Bonds 0.33%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.59
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.51
NAV Beta (2yr)
vs. CEFA's Multisector Bond Fund Index
0.67

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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