KIO Stock Overview
KKR Income Opportunities Fund is a close ended fixed income mutual fund launched by Kohlberg Kravis Roberts & Co.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$16.59|
|52 Week High||US$17.05|
|52 Week Low||US$14.53|
|1 Month Change||5.33%|
|3 Month Change||0.91%|
|1 Year Change||14.41%|
|3 Year Change||10.67%|
|5 Year Change||2.03%|
|Change since IPO||-16.63%|
Recent News & Updates
KIO Looks Appealing At A Fully Covered 7.60% Yield
KIO was the 9th-highest yielding and 10th-best "DxY" fund in our latest "High-High-Low' CEF Report. KIO possesses a fully-covered 7.60% yield. KIO is a strong-performing fund among its peer group.
KIO: A Credit CEF With A Strong Alpha Track Record
Low credit yields and an unlikely tailwind of even lower yields suggest that beta returns for credit CEFs over the medium term will be below their historical levels. One way to compensate for low beta returns is to tilt to funds with a history of strong alpha generation, particularly if they can be acquired at a reasonable valuation. We take a look at KIO which has a strong track record of delivering alpha and looks attractive on a number of other fronts. KIO does have a low-quality allocation and is more suitable for investors with a constructive view on the macro and market environments.
KIO And The Beauty Of Closed-End Fund Leverage
One of the reasons KKR Income Opportunities Fund can pay out 7.8% distributions with over 100% earnings coverage is cheap institutional leverage that costs it less than 1% per annum. The "naked yield" on its investment portfolio (without the benefit of leverage) is 7.3% (and even lower, 6%, after fund expenses unrelated to leverage). But with the advantage of leverage, that yield on shareholders' investment, after all expenses including the cost of the leverage itself, jumps to 8.5%. Even higher (8.8%) for shareholders purchasing at the current 3.6% discount. I have called this the "alchemy" of closed-end funds, but whatever you call it, it's why so many investors have been attracted to CEFs as an investment vehicle.
|KIO||US Capital Markets||US Market|
Return vs Industry: KIO underperformed the US Capital Markets industry which returned 30.2% over the past year.
Return vs Market: KIO matched the US Market which returned 13.7% over the past year.
|KIO Average Weekly Movement||1.6%|
|Capital Markets Industry Average Movement||0.7%|
|Market Average Movement||6.6%|
|10% most volatile stocks in US Market||15.9%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: KIO is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: KIO's weekly volatility (2%) has been stable over the past year.
About the Company
KKR Income Opportunities Fund is a close ended fixed income mutual fund launched by Kohlberg Kravis Roberts & Co. L.P. The fund is managed by KKR Asset Management LLC. It invests in fixed income markets and hedging markets across the globe.
KKR Income Opportunities Fund Fundamentals Summary
|KIO fundamental statistics|
Is KIO overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|KIO income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Next Earnings Date
|Earnings per share (EPS)||0|
|Net Profit Margin||0.00%|
How did KIO perform over the long term?See historical performance and comparison
Is KKR Income Opportunities Fund undervalued compared to its fair value and its price relative to the market?
In this section, we usually try to help investors determine whether KKR Income Opportunities Fund is trading at an attractive price based on the cash flow it is expected to produce in the future. But as KKR Income Opportunities Fund has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.
This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.
How is KKR Income Opportunities Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Diversified Financials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as KKR Income Opportunities Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has KKR Income Opportunities Fund performed over the past 5 years?
Historical Diversified Financials annual earnings growth
In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, KKR Income Opportunities Fund has not provided sufficient past data to assess its track record.
This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.
How is KKR Income Opportunities Fund's financial position?
In this section we usually analyse KKR Income Opportunities Fund's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. KKR Income Opportunities Fund has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.
This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.
What is KKR Income Opportunities Fund current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate KIO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate KIO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if KIO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if KIO's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of KIO's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
KKR Income Opportunities Fund has no CEO, or we have no data on them.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
KKR Income Opportunities Fund's employee growth, exchange listings and data sources
- Name: KKR Income Opportunities Fund
- Ticker: KIO
- Exchange: NYSE
- Founded: 2011
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$332.564m
- Shares outstanding: 20.34m
- KKR Income Opportunities Fund
- 555 California Street
- 50th Floor
- San Francisco
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/16 23:15|
|End of Day Share Price||2022/01/14 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.