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Name

As of 06/04/2021

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Saba Capital Income & Opportunities Fund

XPPRX | Fund

$4.95

$393 M

0.00%

1.60%

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$393 M

Holdings in Top 10

12.0%

52 WEEK LOW AND HIGH

$5.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.60%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 94.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Closed-end mutual fund

Name

As of 06/04/2021

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Saba Capital Income & Opportunities Fund

XPPRX | Fund

$4.95

$393 M

0.00%

1.60%

XPPRX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.56%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Saba Capital Income & Opportunities Fund
  • Fund Family Name
    Saba Capital Management, LP
  • Inception Date
    May 12, 1988
  • Shares Outstanding
    42529493
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Boaz Weinstein

Fund Description

XPPRX - Performance

Return Ranking - Trailing

Period XPPRX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -4.7% 9.5% 53.46%
1 Yr N/A -13.2% 9.0% 7.80%
3 Yr N/A* -6.7% 58.6% 8.33%
5 Yr N/A* -8.5% 29.6% 75.69%
10 Yr N/A* -5.3% 13.8% 76.57%

* Annualized

Return Ranking - Calendar

Period XPPRX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -22.9% 5.1% 50.70%
2022 N/A -6.3% 5.4% 51.42%
2021 -9.8% -4.9% 57.4% 96.97%
2020 3.0% -2.1% 2.4% 45.31%
2019 -6.4% -2.6% 0.6% 93.47%

Total Return Ranking - Trailing

Period XPPRX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -4.7% 8.7% 53.46%
1 Yr N/A -13.2% 1.5% 9.12%
3 Yr N/A* -6.7% 58.6% 7.61%
5 Yr N/A* -8.5% 29.6% 75.98%
10 Yr N/A* -5.3% 13.8% 80.23%

* Annualized

Total Return Ranking - Calendar

Period XPPRX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -22.9% 5.1% 51.05%
2022 N/A -6.3% 5.4% 51.77%
2021 -9.8% -4.9% 57.4% 98.86%
2020 5.6% -2.1% 2.6% 82.81%
2019 -1.4% -2.6% 0.6% 85.31%

NAV & Total Return History

XPPRX - Holdings

Concentration Analysis

XPPRX Category Low Category High XPPRX % Rank
Net Assets 393 M 26.3 M 13.1 B 60.92%
Number of Holdings 651 12 1447 16.08%
Net Assets in Top 10 50.3 M -191 M 2.54 B 66.78%
Weighting of Top 10 12.00% 4.6% 89.7% 59.93%

Top 10 Holdings

  1. JPMorgan US Treasury Plus MMkt Instl 4.07%
  2. Adtalem Escrow Corporation 5.5% 1.46%
  3. Guggenheim Enhanced Equity Inc 1.15%
  4. Peer Holding III B.V. 1.00%
  5. Peer Holding III B.V. 1.00%
  6. Peer Holding III B.V. 1.00%
  7. Peer Holding III B.V. 1.00%
  8. Peer Holding III B.V. 1.00%
  9. Peer Holding III B.V. 1.00%
  10. Peer Holding III B.V. 1.00%

Asset Allocation

Weighting Return Low Return High XPPRX % Rank
Stocks 		51.23% 0.00% 51.23% 0.35%
Bonds 		44.06% 28.71% 161.82% 99.65%
Cash 		3.73% -61.90% 53.95% 68.18%
Preferred Stocks 		0.83% -3.99% 1.54% 2.45%
Convertible Bonds 		0.27% 0.00% 5.51% 15.79%
Other 		-0.12% -54.21% 26.58% 95.80%

Stock Sector Breakdown

Weighting Return Low Return High XPPRX % Rank
Financial Services 		91.98% 0.00% 91.98% 0.85%
Energy 		3.88% 0.00% 100.00% 46.61%
Consumer Cyclical 		0.70% 0.00% 97.66% 26.27%
Technology 		0.69% 0.00% 100.00% 12.71%
Communication Services 		0.55% 0.00% 100.00% 54.24%
Industrials 		0.39% 0.00% 100.00% 36.44%
Consumer Defense 		0.39% 0.00% 100.00% 24.58%
Utilities 		0.37% 0.00% 100.00% 15.25%
Healthcare 		0.37% 0.00% 100.00% 4.24%
Basic Materials 		0.36% 0.00% 1.36% 2.54%
Real Estate 		0.30% 0.00% 48.61% 4.24%

Stock Geographic Breakdown

Weighting Return Low Return High XPPRX % Rank
US 		45.12% -0.01% 45.12% 0.35%
Non US 		6.11% 0.00% 6.11% 0.35%

Bond Sector Breakdown

Weighting Return Low Return High XPPRX % Rank
Corporate 		90.48% 0.00% 141.23% 44.56%
Cash & Equivalents 		8.67% 0.00% 54.60% 45.45%
Government 		0.45% 0.00% 3.18% 3.86%
Municipal 		0.23% 0.00% 0.47% 6.67%
Securitized 		0.17% 0.00% 91.68% 48.07%
Derivative 		0.00% 0.00% 7.03% 30.77%

Bond Geographic Breakdown

Weighting Return Low Return High XPPRX % Rank
US 		39.82% 14.05% 128.23% 93.36%
Non US 		4.24% 0.00% 84.20% 88.11%

XPPRX - Expenses

Operational Fees

XPPRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.60% 0.01% 15.84% 34.15%
Management Fee 1.05% 0.00% 1.89% 89.80%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.25% 0.02% 0.27% 90.32%

Sales Fees

XPPRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 3.00% N/A

Trading Fees

XPPRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

XPPRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 94.00% 4.00% 215.00% 82.42%

XPPRX - Distributions

Dividend Yield Analysis

XPPRX Category Low Category High XPPRX % Rank
Dividend Yield 0.00% 0.00% 9.25% 90.54%

Dividend Distribution Analysis

XPPRX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

XPPRX Category Low Category High XPPRX % Rank
Net Income Ratio 1.56% 1.56% 10.22% 100.00%

Capital Gain Distribution Analysis

XPPRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

XPPRX - Fund Manager Analysis

Managers

Boaz Weinstein

Start Date

Tenure

Tenure Rank

Dec 31, 1998

23.43

23.4%

Mr. Boaz Weinstein is the founder and Chief Investment Officer of Saba. Mr. Weinstein founded Saba in 2009 as a lift-out of Saba Principal Strategies. At Saba, Mr. Weinstein leads a team of 30 professionals, with the senior investment team having worked together for seventeen years.

Paul Kazarian

Start Date

Tenure

Tenure Rank

Dec 09, 2021

0.47

0.5%

Paul Kazarian joined Saba in March 2013 and is responsible for exchange traded products, including ETF arbitrage and closed-end funds. Prior to Saba, Mr. Kazarian was a Director at RBC Capital Markets in the Global Arbitrage and Trading Group from 2007-2013. While there, Mr. Kazarian was responsible for the development and management of the Fixed Income ETF Group and also responsible for overseeing other ETF and index strategies. Prior to RBC, Mr. Kazarian worked as a technology analyst at Merrill Lynch from 2006-2007. Mr. Kazarian holds a BA in Political Science from Bates College.

Pierre Weinstein

Start Date

Tenure

Tenure Rank

Dec 09, 2021

0.47

0.5%

Mr. Pierre Weinstein (no relation to Boaz) joined Saba at launch in April 2009. Prior to Saba, Mr. Weinstein was a Portfolio Manager at Saba Principal Strategies, the proprietary credit trading group at Deutsche Bank since January 2005, where he managed the equity derivatives and international convertible bond strategies. Mr. Weinstein started his investment career at Société Générale in Paris in 1998 as an equity derivatives market maker and had various roles until 2004 including a position as a convertible bond proprietary trader in New York. Mr. Weinstein holds a Ms in Engineering from École Centrale Lyon and a Ms in Finance from École HEC in Paris.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 23.43 6.07 3.25

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