# Saba Capital Income & Opportunities Fund (BRW): Mutual Fund Facts & Distributions

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- Issuer: — · Asset class: Equity
- Strategy: Thematic · Inception: 1992-03-09

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 hi...

## Key Facts

| Metric | Value |
|---|---|
| Price | $5.84 |
| Expense Ratio | — |
| Assets Under Management | $297.2M |
| NAV | — |
| Holdings Count | — |
| Distribution Yield (TTM) | 17.47% |
| Annual Distribution (TTM) | $1.02 /share |
| Distribution Frequency | Monthly |
| 52-Week Range | $5.82 – $7.46 |
| Beta | 0.41 |

## Latest Distribution

- Amount: $0.0850 /share
- Ex-date: 2026-10-09
- Pay date: 2026-10-30

## Frequently Asked Questions

### 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 17.47%, 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 $297.2M 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.

### Does BRW pay a dividend?

Yes, Saba Capital Income & Opportunities Fund (BRW) distributes dividends to shareholders. The trailing-twelve-month yield is 17.47%. Full dividend history is on this page.

### How often does BRW pay dividends?

Saba Capital Income & Opportunities Fund pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page.

### When is BRW's next ex-dividend date?

The most recently announced ex-dividend date for BRW was 2026-10-09. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page.

### Why is BRW's expense ratio not shown?

Neither our market-data feed nor the SEC's structured filing datasets (prospectus fee tables and Form N-CEN annual reports, which we re-check monthly) report an expense ratio for Saba Capital Income & Opportunities Fund (BRW). That usually means the fund family doesn't register this share class's ticker in the SEC's machine-readable data, or the vehicle reports fees outside the standard fund forms. Rather than estimate, we leave it blank; the prospectus on the issuer's site carries the authoritative number.

### How does BRW charge its expense ratio?

The expense ratio is deducted in tiny daily slices from BRW's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price.

## More on Dividend Data

- Overview (HTML): https://www.dividenddata.com/funds/brw
- Distribution history: https://www.dividenddata.com/funds/brw/dividend
- Holdings & diversification: https://www.dividenddata.com/funds/brw/diversification
- Fees & cheaper alternatives: https://www.dividenddata.com/funds/brw/expenses
- Peer comparison: https://www.dividenddata.com/funds/brw/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.