Focus Partners Wealth discloses 5.7% BRW stake in Saba Capital Income & Opportunities Fund (BRW)

Rhea-AI Filing Summary

Focus Partners Wealth, LLC disclosed a significant stake in Saba Capital Income & Opportunities Fund. The firm reports beneficial ownership of 3,071,767 shares of beneficial interest, representing 5.7% of the fund’s outstanding class identified by CUSIP 78518H202.

Focus Partners Wealth states it has sole voting and dispositive power over all reported shares and no shared authority. The position is certified as being acquired and held in the ordinary course of business, not for the purpose of changing or influencing control of the fund.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Saba Capital Income & Opportunities Fund

(Name of Issuer)

Shares of Beneficial Interest

(Title of Class of Securities)

78518H202

(CUSIP Number)

01/01/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 78518H202

1

Names of Reporting Persons

Focus Partners Wealth

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MISSOURI

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,071,767.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 3,071,767.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,071,767.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.7 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Saba Capital Income & Opportunities Fund
(b)	Address of issuer's principal executive offices: 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK, NEW YORK 10174
Item 2.
(a)	Name of person filing: Focus Partners Wealth, LLC
(b)	Address or principal business office or, if none, residence: 190 CARONDELET PLAZA SUITE 600 ST LOUIS, Missouri 63105
(c)	Citizenship: Focus Partners Wealth - MISSOURI
(d)	Title of class of securities: Shares of Beneficial Interest
(e)	CUSIP No.: 78518H202
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 3,071,767
(b)	Percent of class: 5.7 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 3,071,767
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 3,071,767
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Focus Partners Wealth

Signature:	Vincent J. Gratch
Name/Title:	Deputy Chief Compliance Officer
Date:	02/13/2026

FAQ

What stake in BRW did Focus Partners Wealth disclose on Schedule 13G?

Focus Partners Wealth disclosed beneficial ownership of 3,071,767 shares of Saba Capital Income & Opportunities Fund (BRW), representing 5.7% of the outstanding class. This crosses the 5% threshold that requires public reporting of holdings.

Does Focus Partners Wealth control voting and disposition of its BRW shares?

Yes. The filing states Focus Partners Wealth has sole voting power and sole dispositive power over 3,071,767 shares, with no shared voting or dispositive power. This means it alone decides how these shares are voted and whether they are sold.

Why did Focus Partners Wealth file a Schedule 13G for BRW?

Focus Partners Wealth filed because its BRW holdings reached more than 5% of the class. It certifies the securities were acquired and are held in the ordinary course of business, not to change or influence control of Saba Capital Income & Opportunities Fund.

What percentage of Saba Capital Income & Opportunities Fund does Focus Partners Wealth own?

The filing reports ownership of 5.7% of the outstanding class of Saba Capital Income & Opportunities Fund shares. That percentage is based on 3,071,767 shares of beneficial interest held with sole voting and dispositive power by Focus Partners Wealth.

What type of security in BRW does Focus Partners Wealth hold?

The stake consists of Shares of Beneficial Interest in Saba Capital Income & Opportunities Fund, identified by CUSIP 78518H202. These represent ownership interests in the closed-end fund rather than traditional common stock of an operating company.

Where is Focus Partners Wealth, the BRW reporting holder, located?

Focus Partners Wealth, LLC lists its principal business office at 190 Carondelet Plaza, Suite 600, St. Louis, Missouri 63105. The firm’s citizenship or place of organization is reported as Missouri in the ownership disclosure.