KKR Income Opportunities Fund (KIO) is a closed-end fund managed by KKR Credit Advisors (US), LLC, an affiliate of Kohlberg Kravis Roberts & Co. L.P., that seeks to generate current income with a secondary objective of total return by investing primarily in a diversified portfolio of credit securities. The fund's investments include floating-rate and fixed-rate first- and second-lien senior loans to companies; other secured and unsecured loans, including mezzanine loans, unitranche, and junior debt; high yield bonds; structured credit investments such as collateralized loan obligations and credit-linked notes; opportunistic credit investments including distressed securities and equity securities; and asset-based credit investments. KIO trades on the New York Stock Exchange under the ticker symbol KIO. The fund was launched in 2013 and is based in New York. In recent years, KIO has focused on portfolio optimization amid market volatility, including adjustments to its leverage and exposure to floating-rate instruments to capitalize on interest rate environments; no major acquisitions, funding rounds, or structural changes have been announced in the past 1-2 years. The fund primarily targets institutional and retail investors seeking income from alternative credit strategies across North America, with exposure to U.S. and non-U.S. issuers in various industries.