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      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_IlliquidInvestmentsRiskMember" xlink:label="saba_IlliquidInvestmentsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_IlliquidInvestmentsRiskMember" xlink:to="saba_IlliquidInvestmentsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_IlliquidInvestmentsRiskMember_lbl" xml:lang="en-US">Illiquid Investments Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_InflationRiskMember" xlink:label="saba_InflationRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_InflationRiskMember" xlink:to="saba_InflationRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_InflationRiskMember_lbl" xml:lang="en-US">Inflation Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_InflationIndexedBondsRiskMember" xlink:label="saba_InflationIndexedBondsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_InflationIndexedBondsRiskMember" xlink:to="saba_InflationIndexedBondsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_InflationIndexedBondsRiskMember_lbl" xml:lang="en-US">Inflation-Indexed Bonds Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_InformationTechnologySystemsRiskMember" xlink:label="saba_InformationTechnologySystemsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_InformationTechnologySystemsRiskMember" xlink:to="saba_InformationTechnologySystemsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_InformationTechnologySystemsRiskMember_lbl" xml:lang="en-US">Information Technology Systems Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_IssuerRiskMember" xlink:label="saba_IssuerRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_IssuerRiskMember" xlink:to="saba_IssuerRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_IssuerRiskMember_lbl" xml:lang="en-US">Issuer Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_InvestmentCompanyActRegulationsRiskMember" xlink:label="saba_InvestmentCompanyActRegulationsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_InvestmentCompanyActRegulationsRiskMember" xlink:to="saba_InvestmentCompanyActRegulationsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_InvestmentCompanyActRegulationsRiskMember_lbl" xml:lang="en-US">Investment Company Act Regulations Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_LegalTaxAndRegulatoryRisksMember" xlink:label="saba_LegalTaxAndRegulatoryRisksMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_LegalTaxAndRegulatoryRisksMember" xlink:to="saba_LegalTaxAndRegulatoryRisksMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_LegalTaxAndRegulatoryRisksMember_lbl" xml:lang="en-US">Legal, Tax and Regulatory Risks [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_LeverageRiskMember" xlink:label="saba_LeverageRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_LeverageRiskMember" xlink:to="saba_LeverageRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_LeverageRiskMember_lbl" xml:lang="en-US">Leverage Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_ManagementRiskMember" xlink:label="saba_ManagementRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_ManagementRiskMember" xlink:to="saba_ManagementRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_ManagementRiskMember_lbl" xml:lang="en-US">Management Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_MarketRiskMember" xlink:label="saba_MarketRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_MarketRiskMember" xlink:to="saba_MarketRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_MarketRiskMember_lbl" xml:lang="en-US">Market Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_MarketDisruptionAndGeopoliticalRiskMember" xlink:label="saba_MarketDisruptionAndGeopoliticalRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_MarketDisruptionAndGeopoliticalRiskMember" xlink:to="saba_MarketDisruptionAndGeopoliticalRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_MarketDisruptionAndGeopoliticalRiskMember_lbl" xml:lang="en-US">Market Disruption and Geopolitical Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_MoneyMarketFundInvestmentRiskMember" xlink:label="saba_MoneyMarketFundInvestmentRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_MoneyMarketFundInvestmentRiskMember" xlink:to="saba_MoneyMarketFundInvestmentRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_MoneyMarketFundInvestmentRiskMember_lbl" xml:lang="en-US">Money Market Fund Investment Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_MortgageAndOtherAssetBackedInstrumentsRiskMember" xlink:label="saba_MortgageAndOtherAssetBackedInstrumentsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_MortgageAndOtherAssetBackedInstrumentsRiskMember" xlink:to="saba_MortgageAndOtherAssetBackedInstrumentsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_MortgageAndOtherAssetBackedInstrumentsRiskMember_lbl" xml:lang="en-US">Mortgage- and other Asset-Backed Instruments Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_MunicipalSecuritiesRiskMember" xlink:label="saba_MunicipalSecuritiesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_MunicipalSecuritiesRiskMember" xlink:to="saba_MunicipalSecuritiesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_MunicipalSecuritiesRiskMember_lbl" xml:lang="en-US">Municipal Securities Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_NonDiversifiedFundRiskMember" xlink:label="saba_NonDiversifiedFundRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_NonDiversifiedFundRiskMember" xlink:to="saba_NonDiversifiedFundRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_NonDiversifiedFundRiskMember_lbl" xml:lang="en-US">Non-Diversified Fund Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_NonInvestmentGradeAndUnratedInstrumentsMember" xlink:label="saba_NonInvestmentGradeAndUnratedInstrumentsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_NonInvestmentGradeAndUnratedInstrumentsMember" xlink:to="saba_NonInvestmentGradeAndUnratedInstrumentsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_NonInvestmentGradeAndUnratedInstrumentsMember_lbl" xml:lang="en-US">Non-Investment Grade and Unrated Instruments [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_NonU.S.GovernmentAndSupranationalDebtSecuritiesRiskMember" xlink:label="saba_NonU.S.GovernmentAndSupranationalDebtSecuritiesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_NonU.S.GovernmentAndSupranationalDebtSecuritiesRiskMember" xlink:to="saba_NonU.S.GovernmentAndSupranationalDebtSecuritiesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_NonU.S.GovernmentAndSupranationalDebtSecuritiesRiskMember_lbl" xml:lang="en-US">Non-U.S. Government and Supranational Debt Securities Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_OperationalRiskMember" xlink:label="saba_OperationalRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_OperationalRiskMember" xlink:to="saba_OperationalRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_OperationalRiskMember_lbl" xml:lang="en-US">Operational Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_PledgeOfForeclosureOnAndLiquidationOfFundAssetsMember" xlink:label="saba_PledgeOfForeclosureOnAndLiquidationOfFundAssetsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_PledgeOfForeclosureOnAndLiquidationOfFundAssetsMember" xlink:to="saba_PledgeOfForeclosureOnAndLiquidationOfFundAssetsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_PledgeOfForeclosureOnAndLiquidationOfFundAssetsMember_lbl" xml:lang="en-US">Pledge of, Foreclosure on and Liquidation of Fund Assets [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_PortfolioTurnoverRiskMember" xlink:label="saba_PortfolioTurnoverRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_PortfolioTurnoverRiskMember" xlink:to="saba_PortfolioTurnoverRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_PortfolioTurnoverRiskMember_lbl" xml:lang="en-US">Portfolio Turnover Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_PotentialConflictsOfInterestOfTheAdviserAndOthersMember" xlink:label="saba_PotentialConflictsOfInterestOfTheAdviserAndOthersMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_PotentialConflictsOfInterestOfTheAdviserAndOthersMember" xlink:to="saba_PotentialConflictsOfInterestOfTheAdviserAndOthersMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_PotentialConflictsOfInterestOfTheAdviserAndOthersMember_lbl" xml:lang="en-US">Potential Conflicts of Interest of the Adviser and Others [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_PreferredSecurityRiskMember" xlink:label="saba_PreferredSecurityRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_PreferredSecurityRiskMember" xlink:to="saba_PreferredSecurityRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_PreferredSecurityRiskMember_lbl" xml:lang="en-US">Preferred Security Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_PrivateCreditAssetRiskMember" xlink:label="saba_PrivateCreditAssetRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_PrivateCreditAssetRiskMember" xlink:to="saba_PrivateCreditAssetRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_PrivateCreditAssetRiskMember_lbl" xml:lang="en-US">Private Credit Asset Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_PrivateCompaniesRiskMember" xlink:label="saba_PrivateCompaniesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_PrivateCompaniesRiskMember" xlink:to="saba_PrivateCompaniesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_PrivateCompaniesRiskMember_lbl" xml:lang="en-US">Private Companies Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_PrivateFundRiskMember" xlink:label="saba_PrivateFundRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_PrivateFundRiskMember" xlink:to="saba_PrivateFundRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_PrivateFundRiskMember_lbl" xml:lang="en-US">Private Fund Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_PrivateInvestmentsInPublicEquityRiskMember" xlink:label="saba_PrivateInvestmentsInPublicEquityRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_PrivateInvestmentsInPublicEquityRiskMember" xlink:to="saba_PrivateInvestmentsInPublicEquityRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_PrivateInvestmentsInPublicEquityRiskMember_lbl" xml:lang="en-US">Private Investments in Public Equity Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_QuotaShareNotesExcessOfLossNotesAndIlwNotesRiskMember" xlink:label="saba_QuotaShareNotesExcessOfLossNotesAndIlwNotesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_QuotaShareNotesExcessOfLossNotesAndIlwNotesRiskMember" xlink:to="saba_QuotaShareNotesExcessOfLossNotesAndIlwNotesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_QuotaShareNotesExcessOfLossNotesAndIlwNotesRiskMember_lbl" xml:lang="en-US">Quota Share Notes, Excess of Loss Notes and ILW Notes Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_ReferenceRateReplacementRiskMember" xlink:label="saba_ReferenceRateReplacementRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_ReferenceRateReplacementRiskMember" xlink:to="saba_ReferenceRateReplacementRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_ReferenceRateReplacementRiskMember_lbl" xml:lang="en-US">Reference Rate Replacement Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_RegulationAndGovernmentInterventionRiskMember" xlink:label="saba_RegulationAndGovernmentInterventionRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_RegulationAndGovernmentInterventionRiskMember" xlink:to="saba_RegulationAndGovernmentInterventionRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_RegulationAndGovernmentInterventionRiskMember_lbl" xml:lang="en-US">Regulation and Government Intervention Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_ReinsuranceRiskMember" xlink:label="saba_ReinsuranceRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_ReinsuranceRiskMember" xlink:to="saba_ReinsuranceRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_ReinsuranceRiskMember_lbl" xml:lang="en-US">Reinsurance Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_RelianceOnTheAdviserRiskMember" xlink:label="saba_RelianceOnTheAdviserRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_RelianceOnTheAdviserRiskMember" xlink:to="saba_RelianceOnTheAdviserRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_RelianceOnTheAdviserRiskMember_lbl" xml:lang="en-US">Reliance on the Adviser Risk[Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_RelianceOnServiceProvidersRiskMember" xlink:label="saba_RelianceOnServiceProvidersRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_RelianceOnServiceProvidersRiskMember" xlink:to="saba_RelianceOnServiceProvidersRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_RelianceOnServiceProvidersRiskMember_lbl" xml:lang="en-US">Reliance on Service Providers Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_RiskAssociatedWithRecentMarketEventsMember" xlink:label="saba_RiskAssociatedWithRecentMarketEventsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_RiskAssociatedWithRecentMarketEventsMember" xlink:to="saba_RiskAssociatedWithRecentMarketEventsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_RiskAssociatedWithRecentMarketEventsMember_lbl" xml:lang="en-US">Risk Associated with Recent Market Events [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_Rule144aAndOtherExemptedSecuritiesRiskMember" xlink:label="saba_Rule144aAndOtherExemptedSecuritiesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_Rule144aAndOtherExemptedSecuritiesRiskMember" xlink:to="saba_Rule144aAndOtherExemptedSecuritiesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_Rule144aAndOtherExemptedSecuritiesRiskMember_lbl" xml:lang="en-US">Rule 144A and Other Exempted Securities Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_SecondaryInvestmentsMember" xlink:label="saba_SecondaryInvestmentsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_SecondaryInvestmentsMember" xlink:to="saba_SecondaryInvestmentsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_SecondaryInvestmentsMember_lbl" xml:lang="en-US">Secondary Investments [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_SectorRiskMember" xlink:label="saba_SectorRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_SectorRiskMember" xlink:to="saba_SectorRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_SectorRiskMember_lbl" xml:lang="en-US">Sector Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_SeniorLoanRiskMember" xlink:label="saba_SeniorLoanRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_SeniorLoanRiskMember" xlink:to="saba_SeniorLoanRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_SeniorLoanRiskMember_lbl" xml:lang="en-US">Senior Loan Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_ShortSellingRiskMember" xlink:label="saba_ShortSellingRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_ShortSellingRiskMember" xlink:to="saba_ShortSellingRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_ShortSellingRiskMember_lbl" xml:lang="en-US">Short Selling Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_SpecialPurposeAcquisitionCompaniesRiskMember" xlink:label="saba_SpecialPurposeAcquisitionCompaniesRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_SpecialPurposeAcquisitionCompaniesRiskMember" xlink:to="saba_SpecialPurposeAcquisitionCompaniesRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_SpecialPurposeAcquisitionCompaniesRiskMember_lbl" xml:lang="en-US">Special Purpose Acquisition Companies Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_SovereignDebtRiskMember" xlink:label="saba_SovereignDebtRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_SovereignDebtRiskMember" xlink:to="saba_SovereignDebtRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_SovereignDebtRiskMember_lbl" xml:lang="en-US">Sovereign Debt Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_StructuredInstrumentsRiskMember" xlink:label="saba_StructuredInstrumentsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_StructuredInstrumentsRiskMember" xlink:to="saba_StructuredInstrumentsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_StructuredInstrumentsRiskMember_lbl" xml:lang="en-US">Structured Instruments Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_SystemicRiskMember" xlink:label="saba_SystemicRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_SystemicRiskMember" xlink:to="saba_SystemicRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_SystemicRiskMember_lbl" xml:lang="en-US">Systemic Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_ValuationRiskMember" xlink:label="saba_ValuationRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_ValuationRiskMember" xlink:to="saba_ValuationRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_ValuationRiskMember_lbl" xml:lang="en-US">Valuation Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_VentureCapitalInvestmentsMember" xlink:label="saba_VentureCapitalInvestmentsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_VentureCapitalInvestmentsMember" xlink:to="saba_VentureCapitalInvestmentsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_VentureCapitalInvestmentsMember_lbl" xml:lang="en-US">Venture Capital Investments [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_VolatileMarketsRiskMember" xlink:label="saba_VolatileMarketsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_VolatileMarketsRiskMember" xlink:to="saba_VolatileMarketsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_VolatileMarketsRiskMember_lbl" xml:lang="en-US">Volatile Markets Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_WarrantsAndRightsRiskMember" xlink:label="saba_WarrantsAndRightsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_WarrantsAndRightsRiskMember" xlink:to="saba_WarrantsAndRightsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_WarrantsAndRightsRiskMember_lbl" xml:lang="en-US">Warrants and Rights Risk [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="saba-20260430.xsd#saba_WhenIssuedForwardCommitmentAndDelayedDeliveryTransactionsRiskMember" xlink:label="saba_WhenIssuedForwardCommitmentAndDelayedDeliveryTransactionsRiskMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="saba_WhenIssuedForwardCommitmentAndDelayedDeliveryTransactionsRiskMember" xlink:to="saba_WhenIssuedForwardCommitmentAndDelayedDeliveryTransactionsRiskMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="saba_WhenIssuedForwardCommitmentAndDelayedDeliveryTransactionsRiskMember_lbl" xml:lang="en-US">When-Issued, Forward Commitment and Delayed Delivery Transactions Risk [Member]</link:label>
    </link:labelLink>
</link:linkbase>
