Saba Capital Income & Opportunities Fund II

Saba Capital Income & Opportunities Fund II is a closed-end management investment company that primarily targets high current income for investors, with a secondary emphasis on capital appreciation. The fund employs a global investment approach, allocating assets across both debt and equity securities of public and private entities. Its diverse holdings may include closed-end funds, special purpose acquisition companies (SPACs), reinsurance, as well as public and private debt instruments. To enhance returns and manage risk, the fund also utilizes derivatives such as total return swaps, credit default swaps, options, and futures. Additionally, it can invest a portion of its assets in private funds. Saba Capital Income & Opportunities Fund II is actively managed and benchmarks its performance against global indices such as the J.P. Morgan Global Government Bond Index. Its broad exposure to global fixed income and equity markets, combined with flexible investment policies, positions the fund as an important vehicle for investors seeking diversified income-generating opportunities within the global financial landscape.