Saba Capital Income & Opportunities Fund II (NYSE: SABA) is a registered, non-diversified closed-end management investment company. Formerly known as the Templeton Global Income Fund, the fund underwent a comprehensive transition effective after the close of business on December 31, 2023, when Saba Capital Management, L.P. assumed the role of investment adviser. The fund's primary investment objective is to provide shareholders with a high level of current income, with a secondary goal of capital appreciation. To achieve these objectives, SABA invests globally in a broad spectrum of debt and equity securities of both public and private companies. Its investment universe includes other closed-end funds (often targeting those trading at a discount to NAV or subject to activist campaigns), special purpose acquisition companies (SPACs), public and private debt instruments (such as corporate bonds, senior loans, and high-yield debt), and derivatives like total return swaps and credit default swaps.

Research as of 20 Jun 2026