Saba Capital Income & Opportunities Fund SBI (BRW)

FairStock Score: 60/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start by asking what this thing really is. Saba Capital Income & Opportunities Fund is a closed-end fund, not a business with customers and factories; it owns floating-rate secured senior loans, many below investment grade. The fund trades at $5.91 as of the 2026-10-13 close, near the bottom of its 52-week range of $5.84–$7.47. FairStock calculates a P/B of 0.77 and a P/E of 7.58, while the Graham Number is $12.05, implying a 50.95% margin of safety. That is a classic Graham cheapness signal. The 16.53% dividend yield is eye-catching, and a beta of 0.40 suggests low historical market sensitivity. But I am wary. The fund's FairStock Score is 60/100; ROE is 8.91%, ROCE is just 0.19%, and D/E is 0.13. The Piotroski F-Score is 0/9 and Altman Z-Score is 0.02, which are red flags, though such tools are built for operating companies and less meaningful for a loan fund. There is no Lynch category because the data show only 0 years of filed results, requiring 3. Revenue and profit growth are not available. A closed-end fund's margin of safety is only as good as its loan book and manager. The price is cheap, but the quality is not proven in the supplied figures. I would need to see sustainable distributions, stable book value, and credit losses before trusting the discount.

In plain English: This is a pooled investment fund that mainly holds loans to companies, including some riskier borrowers, and is run by Saba Capital. The numbers show a modestly profitable fund with a very high dividend, but some risk gauges look weak and there is little filed history in the data. The shares trade below what its assets are worth on the books, so the price looks cheap, though the low price may reflect real credit and payout risks.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer