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KIO

KKR Income Opportunities FundNYSE:KIO Stock Report

Last Price

US$16.59

Market Cap

US$332.6m

7D

-1.1%

1Y

14.4%

Updated

16 Jan, 2022

Data

Company Financials
KIO fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

KIO Stock Overview

KKR Income Opportunities Fund is a close ended fixed income mutual fund launched by Kohlberg Kravis Roberts & Co.

Price History & Performance

Summary of all time highs, changes and price drops for KKR Income Opportunities Fund
Historical stock prices
Current Share PriceUS$16.59
52 Week HighUS$17.05
52 Week LowUS$14.53
Beta0
1 Month Change5.33%
3 Month Change0.91%
1 Year Change14.41%
3 Year Change10.67%
5 Year Change2.03%
Change since IPO-16.63%

Recent News & Updates

Oct 12

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.

Aug 13

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.

Jul 29

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.

Shareholder Returns

KIOUS Capital MarketsUS Market
7D-1.1%-1.6%-0.5%
1Y14.4%30.2%13.7%

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.

Price Volatility

Is KIO's price volatile compared to industry and market?
KIO volatility
KIO Average Weekly Movement1.6%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.4%

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

FoundedEmployeesCEOWebsite
2011n/an/a

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

How do KKR Income Opportunities Fund's earnings and revenue compare to its market cap?
KIO fundamental statistics
Market CapUS$332.56m
Earnings (TTM)US$0
Revenue (TTM)n/a

n/a

P/E Ratio

n/a

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KIO income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
ExpensesUS$0
EarningsUS$0

Last Reported Earnings

n/a

Next Earnings Date

n/a

Earnings per share (EPS)0
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did KIO perform over the long term?

See historical performance and comparison

Valuation

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.

Future Growth

How is KKR Income Opportunities Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

3.7%

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.

Past Performance

How has KKR Income Opportunities Fund performed over the past 5 years?

19.5%

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.

Financial Health

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.

Dividend

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.

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

KKR Income Opportunities Fund has no CEO, or we have no data on them.


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

KKR Income Opportunities Fund's employee growth, exchange listings and data sources


Key Information

  • 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

Location

  • KKR Income Opportunities Fund
  • 555 California Street
  • 50th Floor
  • San Francisco
  • California
  • 94104
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/16 23:15
End of Day Share Price2022/01/14 00:00
EarningsN/A
Annual EarningsN/A


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.