Saba Capital Income & Opportunities Fund II Shares of Beneficial Interest (SABA)

FairStock Score: 60/100 — STEADY

Key Financials

AI Analysis

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

As a value investor, I start with what can be verified. Saba Capital Income & Opportunities Fund II is a closed-end fund managed by Saba Capital Management, primarily investing in global government bonds and benchmarked to the J.P. Morgan Global Government Bond Index. It was formed on March 17, 1988 and is U.S. domiciled, so it is not a new vehicle. At the 2026-10-13 close of $7.74, FairStock’s calculations show a P/E of 8.70, a P/B of 0.80, and a FairStock Score of 60/100. The dividend yield is 8.99%, beta is 0.41, and the 52-week range is $7.68-$9.00. FairStock’s Graham Number is $14.09, implying a 45.07% margin of safety, which on its face is attractive. Yet Graham would demand a closer look at financial strength. The Piotroski F-score is only 1/9 and the Altman Z-score is 0.32, both weak signals. ROE is 9.42%, but ROCE is 1.77%, so returns on capital appear modest. Revenue and profit growth are not provided, and FairStock assigns no Lynch category because only 0 years of filed results are available. For a bond fund, asset value and distribution sustainability matter more than a conventional P/E, but the data here give no NAV or coverage detail. The discount to book value and the high distribution yield are tempting, but the weak health scores and lack of filed history mean I would require more evidence before calling this a durable bargain.

In plain English: Saba Capital Income & Opportunities Fund II is a managed fund that invests mostly in government bonds around the world. The business looks mixed: the price of $7.74 is below what its books say its assets are worth per share, and it pays a high income distribution, but the financial-health signals are weak and there is almost no filed results history to judge. Overall, the price looks cheap versus its stated asset value, though the weak signals make that cheapness uncertain.

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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