Saba Capital Income & Opportunities Fund II

SABA is a closed-end fixed income mutual fund that invests primarily in government bonds across global markets. The fund is actively managed by Saba Capital Management, L.P., with performance benchmarked against the J.P. Morgan Global Government Bond Index. As a closed-end fund structure, SABA issues a fixed number of shares and trades on the NYSE, distinguishing it from open-end mutual funds that allow continuous share creation and redemption.

The fund generates revenue through management fees charged on its assets under management and distributions derived from the fixed income securities held in its portfolio. Its investment approach centers on government bond selection and portfolio management across international fixed income markets. The fund was incorporated in Florida and established in March 1988, providing exposure to a diversified global government debt market with an active management strategy rather than passive index tracking.