KIO - KIO: A Barbelled Bond And Loan Fund With Impressive Alpha
Recently we published our high yield sector update and had KKR Income Opportunities Fund (KIO) as one of our fund picks on the basis of our three-legged stool set of metrics of valuation, yield and alpha. KIO is a fund that has been on our radar for some time, but we had not yet written it up in an article - so here goes.
KIO is a fund that invests across high yield debt. It's actually quite a difficult one to fit into our sector taxonomy, which splits high yield debt into limited