Fees on the firm's open-end and exchange-traded funds are a weakness, contributing negatively to the rating and creating a larger performance hurdle on funds. On average, Saba Capital Management charges fees on its funds that are in the highest quintile of similarly distributed funds. With the current market environment of fee compression, this is cause for concern, as investors may flock over time to alternate asset managers to get a better deal. Saba Capital Management has faced above-average manager turnover in the past five years. This is a concern, as long-term stability tends to support positive results.
Saba Capital Management
In an increasingly competitive industry, Saba Capital Management falls behind on a number of key metrics, resulting in a Below Average Parent Pillar rating.
Saba Capital Management Investments
Market
US ETFsTotal Net Assets
145.29 MilInvestment Flows (TTM)
49.39 MilAsset Growth Rate (TTM)
52.97%# of Share Classes
1| Morningstar Rating | # of Share Classes | |
|---|---|---|
| 1 | ||
| 0 | ||
| 0 | ||
| 0 | ||
| 0 | ||
| Not Rated | 0 |
Name
|
Morningstar Rating Overall
|
5-Year Category Rank
|
|---|---|---|
| Saba Closed-End Funds ETF | 6 |
Quick Definitions: Key Morningstar Terms
Morningstar Medalist Rating for Funds
The Morningstar Medalist Rating for funds is a five-tier system used to analyze how fees will impact different securities in the long term.
Morningstar Rating™ for Funds
The Morningstar Rating for Funds, often referred to as the Star Rating, measures a fund’s past performance compared to similar funds on a risk-adjusted basis.
Percentile Rank
Percentile rank is how an investment’s return, risk, or other metric compares with other investments in its Morningstar Category.
Category
A category is a way to group investments based on similar risk, return, and behavior profiles.