Author's note: This article was initially released to members of CEF/ETF Income Laboratory on May 31, 2020, with certain numbers updated for public release.
This month, I'd like to revisit the KKR Income Opportunities Fund (KIO), the top-ranked DxYxZ fund from last's month Chemist's "High-High-Low" Closed-End Fund Report. As of June 19, KIO closed with a discount of -9.49%, a one-year z-score of -1.1 and a yield of 11.91% that was 95% covered. The fund uses 33% leverage (as of 3/31) and charges a baseline expense ratio of 2.04%.
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