KKR Income Opportunities Fund:KIO

    Manage Alerts

    Overview

    As of 9/25/2020

     Share
    Price
    NAVPremium/
    Discount
    Current$13.58$14.55-6.67%
    52 Wk Avg$13.70$14.48-5.80%
    52 Wk High$16.38$16.270.80%
    52 Wk Low$8.36$10.98-27.46%
    Regular Distribution TypeIncome Only
    Distribution Rate11.05%
    Distribution Amount$0.1250
    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 9/25/2020

    Total Investment Exposure:$410.710M
    Total Common Assets:$295.952M
    Common Shares Outstanding:20,340,315
    Leverage

    As of 9/25/2020

    Preferred Share Assets:
    Total Debt (USD): $114.758M
    Regulatory Leverage (USD): $114.758M
    Effective Leverage (USD): $114.758M
    Effective Leverage (%): 27.94%
    Annual Expense Ratios

    As of 10/31/2019

      Per Common Share
    Management Fees1.60%
    Other Expenses:0.44%
    Baseline Expense: N/A
    Interest Expense:1.34%
    Total: 3.38%
    Fund Management

    Fund Sponsor
    KKR & Co. L.P.

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

    Basics
    Category: Fixed Income - Taxable-High Yield
    Ticker: KIO
    NAV Ticker: XKIOX
    Average Daily Volume (shares): 123,457
    Average Daily Volume (USD): $1.617M
    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

    Distributions

    As of 9/25/2020

    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 4/30/2020
    $0.6516
    Annualized Distribution Rate on NAV:
    As of 9/25/2020
    10.31%
    Total Return on NAV (12 months):
    As of 9/25/2020
    0.60%
    Avg. Portfolio Coupon:
    As of 9/25/2020
    7.11%
    Total % Portfolio Effectively Leveraged:
    As of 9/25/2020
    27.94%

    Pricing Information

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

    As of 9/25/2020

    PeriodAvg Discount
    6 Month-8.82%
    1 Year-5.80%
    3 Year-6.58%
    5 Year-7.69%
    Z-Score

    As of 9/25/2020

    PeriodZStat
    3 Month0.64
    6 Month0.97
    1 Year-0.20
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 8/31/2020
    Category: Morningstar US CEF High Yield

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-8.14%-2.72%-7.65%-3.50%
    201921.96%9.05%21.79%13.91%
    2018-2.51%2.19%-5.54%-2.01%
    201713.09%10.83%9.77%9.23%
    201628.69%22.99%19.94%16.22%
    2015-5.59%-3.63%-4.93%-4.43%
    2014-1.09%0.89%2.04%2.36%
    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 8/31/2020
    Category: Morningstar US CEF High Yield

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 9/25/2020
    7.11%
    Number of Holdings:
    As of 4/30/2020
    188
    Annual Portfolio Turnover:
    As of 10/31/2019
    62.19%
    Average Bond Price:
    As of 4/30/2020
    $89.25
    Asset Allocation

    As of 4/30/2020 reported by Fund Sponsor

    Top Sectors

    As of 4/30/2020 reported by Fund Sponsor

    Sector%Portfolio
    Corporate (Super Sector)97.56%
    Bank Loan58.56%
    Corporate Bond38.90%
    Cash Equivalents (Super Sector)1.65%
    Cash Equivalents1.65%
    Cyclical (Super Sector)0.70%
    Consumer Cyclical0.38%
    Real Estate0.32%
    Preferred Stock0.10%
    Call Exposure

    As of 9/30/2019 reported by Fund Sponsor

    Top Holdings

    As of 4/30/2020 reported by Fund Sponsor

    HoldingValue% Portfolio
    SEQUA 2ND LIEN T/L$12.82M3.21%
    OPE KAG Finance Sub Inc 7.88%$12.19M3.05%
    Rinker Materials Corp 7.7%$11.72M2.94%
    EXCELITAS TECHNOLOGIES 2ND LIEN T/L$9.53M2.39%
    CommScope Holdings Co Inc 8.25%$8.07M2.02%
    Di Purchaser Extended T/L (New)$7.50M1.88%
    TEAM HEALTH HOLDINGS T/L$7.28M1.82%
    Constellation Merger Sub Inc 8.5%$6.86M1.72%
    DIAMOND RESORTS INTERNATIONAL T/L B (AMEND 3)$5.78M1.45%
    APPLIED SYSTEMS 2ND LIEN T/L$5.78M1.45%
    Maturity Breakdown

    As of 4/30/2020 reported by Fund Sponsor

    Country Allocation

    As of 4/30/2020 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income34.24%
    Mexico - Fixed Income2.94%
    United Kingdom - Fixed Income1.10%
    United States - Equity0.70%
    Netherlands - Fixed Income0.40%
    Others - Fixed Income0.17%
    Israel - Fixed Income0.06%

    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.

    NOTES:

    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.

    EWB-1014244PR-E1119W