KKR Income Opportunities Fund:KIO

    Manage Alerts


    As of 6/11/2021. NAV as of 6/10/2021.

    52 Wk Avg$14.41$15.56-7.46%
    52 Wk High$16.58$16.95-2.07%
    52 Wk Low$12.05$13.69-11.74%
    Regular Distribution TypeIncome Only
    Distribution Rate7.68%
    Distribution Amount$0.1050
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks a high level of current income with a secondary objective of capital appreciation through investment in loans and fixed-income instruments of U.S. and non-U.S. issuers. Under normal market conditions, the Fund will invest at least 80% of its Managed Assets in loans and fixed-income instruments or other instruments, including derivative instruments, with similar economic characteristics. The Fund expects to invest primarily in first- and second-lien secured loans, unsecured loans and high-yield corporate debt instruments of varying maturities. The instruments in which the Fund invests may be rated investment grade or below investment grade.

    Capital Structure

    As of 6/11/2021

    Total Investment Exposure:$477.673M
    Total Common Assets:$342.938M
    Common Shares Outstanding:20,340,315

    As of 6/11/2021

    Preferred Share Assets:
    Total Debt (USD): $134.735M
    Regulatory Leverage (USD): $134.735M
    Effective Leverage (USD): $134.735M
    Effective Leverage (%): 28.21%
    Annual Expense Ratios

    As of 10/31/2020

      Per Common Share
    Management Fees1.74%
    Other Expenses:0.61%
    Baseline Expense: N/A
    Interest Expense:1.39%
    Total: 3.73%
    Fund Management

    Fund Sponsor
    KKR & Co. L.P.

    Portfolio Managers
    Erik A. Falk, Christopher A. Sheldon, Jamie M. Weinstein, Nathaniel M. Zilkha

    Category: Fixed Income - Taxable-High Yield
    Ticker: KIO
    NAV Ticker: XKIOX
    Average Daily Volume (shares): 86,960
    Average Daily Volume (USD): $1.238M
    Inception Date: 7/26/2013
    Inception Share Price: $20.00
    Inception NAV: $19.06
    Tender Offer: No
    Term: No
    Fiscal Year End: October 31
    Third Party Links & Reports


    As of 6/11/2021

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 10/31/2020
    Annualized Distribution Rate on NAV:
    As of 6/11/2021
    Total Return on NAV (12 months):
    As of 6/11/2021
    Avg. Portfolio Coupon:
    As of 6/11/2021
    Total % Portfolio Effectively Leveraged:
    As of 6/11/2021

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 6/11/2021

    PeriodAvg Discount
    6 Month-6.46%
    1 Year-7.46%
    3 Year-6.31%
    5 Year-6.96%

    As of 6/11/2021

    3 Month1.50
    6 Month1.37
    1 Year1.88
    Pricing History
    Date NAV Premium / Discount


    Calendar Year Total Returns

    As of 5/31/2021
    Category: Morningstar US CEF High Yield

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 5/31/2021
    Category: Morningstar US CEF High Yield

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 6/10/2021
    Number of Holdings:
    As of 1/31/2021
    Annual Portfolio Turnover:
    As of 10/31/2020
    Average Bond Price:
    As of 1/31/2021
    Asset Allocation

    As of 1/31/2021 reported by Fund Sponsor

    Top Sectors

    As of 1/31/2021 reported by Fund Sponsor

    Corporate (Super Sector)95.53%
    Bank Loan51.08%
    Corporate Bond43.99%
    Cash Equivalents3.43%
    Cash Equivalents (Super Sector)3.43%
    Preferred Stock0.08%
    Securitized (Super Sector)0.00%
    Asset Backed0.00%
    Future Forward0.00%
    Call Exposure

    As of 9/30/2019 reported by Fund Sponsor

    Top Holdings

    As of 1/31/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    Rinker Materials Corp 7.7%$14.90M2.80%
    Kenan Advantage Group, Inc. 7.88%$14.42M2.71%
    Hercules Achievement T/L (Varsity Brands)$12.88M2.42%
    Excelitas Technologies 2nd Lien T/L$11.29M2.12%
    Applied Systems 2nd Lien T/L$11.20M2.11%
    NFP Corp. 6.88%$10.16M1.91%
    Diamond Resorts International, Inc. 7.75%$9.48M1.78%
    DI Purchaser Extended T/L (New)$9.12M1.71%
    CommScope Holdings Co Inc 8.25%$9.02M1.69%
    Maturity Breakdown

    As of 1/31/2021 reported by Fund Sponsor

    Country Allocation

    As of 1/31/2021 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income38.77%
    Mexico - Fixed Income2.80%
    United Kingdom - Fixed Income1.28%
    United States - Equity0.13%
    Others - Fixed Income0.04%
    France - Fixed Income0.01%
    Canada - Fixed Income0.00%
    Netherlands - Fixed Income0.00%
    Germany - Fixed Income0.00%
    Brazil - Fixed Income0.00%
    United Kingdom - Equity0.00%
    Singapore - Fixed Income0.00%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.


    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.