Saba Capital Income & Opportunities Fund

Frequently Asked Questions About BRW

What does BRW invest in?

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.

What is the expense ratio of BRW?

An expense ratio for Saba Capital Income & Opportunities Fund (BRW) is not available from our data sources — neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

What is BRW's dividend yield?

BRW's trailing-twelve-month yield is 15.28%, calculated from the sum of dividends over the past year divided by the current price.

How big is BRW?

Saba Capital Income & Opportunities Fund (BRW) manages $283.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is BRW actively managed or an index fund?

BRW's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was BRW launched?

Saba Capital Income & Opportunities Fund (BRW) launched in March 1992 and is managed by the fund issuer.