Saba Capital Income & Opportunities Fund (BRW)
Saba Capital Income & Opportunities Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $6.59, down 0.15% on the session, giving a market capitalisation of $280.3M. On trailing twelve-month figures it carries a trailing P/E of 8.56, a net margin of 132.5%. Its beta of 0.40 implies it has historically moved less than the broad market.
The Saba Capital Income & Opportunities Fund functions as a U.S.-domiciled, closed-end mutual fund, concentrating its investments in the fixed-income sector. Established on December 2, 1987, and initially launched by Voya Investment Management LLC, the fund is currently overseen by Saba Capital Management, L.P. It strategically allocates capital within the United States' fixed income markets, targeting securities from a wide array of companies spanning diverse industries. A significant portion of its portfolio is dedicated to floating-rate secured senior loans, with a particular focus on high-quality, non-investment grade senior debt. These loans typically feature maturities ranging from one to ten years. The fund measures its performance against the S&P/LSTA Leveraged Loan Index and was previously known as the Voya Prime Rate Trust.
Saba Capital Income & Opportunities Fund is most often compared with the following Financial Services names: