First Trust Amends KKR Income Opps Fund Stake as of Dec 31, 2023
Ticker: KIO · Form: SC 13G/A · Filed: Jan 31, 2024 · CIK: 1515940
| Field | Detail |
|---|---|
| Company | Kkr Income Opportunities Fund (KIO) |
| Form Type | SC 13G/A |
| Filed Date | Jan 31, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**First Trust updated its KKR Income Opportunities Fund ownership, no major changes indicated.**
AI Summary
First Trust Portfolios L.P. and its affiliates, including First Trust Advisors L.P. and The Charger Corporation, filed an amended Schedule 13G/A on January 31, 2024, indicating their ownership in KKR Income Opportunities Fund as of December 31, 2023. This filing updates their previous disclosures regarding their stake in the fund. This matters to investors because it provides transparency into significant institutional ownership, which can influence the fund's stability and market perception.
Why It Matters
This filing shows updated institutional ownership in KKR Income Opportunities Fund, which can signal confidence or changes in a major holder's position, potentially impacting the stock's perceived value.
Risk Assessment
Risk Level: low — This is a routine amendment to a Schedule 13G, indicating an update to a passive investment position, which typically carries low risk.
Analyst Insight
Investors should note the continued institutional ownership by First Trust, which suggests a stable, long-term investment perspective from a major holder. This filing doesn't indicate any immediate need for action but reinforces the existing ownership structure.
Key Numbers
- 48249T106 — CUSIP Number (identifies the common stock of KKR Income Opportunities Fund)
- 0001445546-24-000751 — Accession Number (unique identifier for this specific SEC filing)
- 20240131 — Filed As Of Date (the date this amendment was filed with the SEC)
- 20231231 — Date of Event (the date as of which the ownership information is reported)
Key Players & Entities
- First Trust Portfolios L.P. (company) — reporting person and filer of the SC 13G/A
- KKR Income Opportunities Fund (company) — the subject company in which shares are held
- First Trust Advisors L.P. (company) — reporting person affiliated with First Trust Portfolios L.P.
- The Charger Corporation (company) — reporting person affiliated with First Trust Portfolios L.P.
Forward-Looking Statements
- First Trust Portfolios L.P. will continue to hold a significant, passive stake in KKR Income Opportunities Fund. (First Trust Portfolios L.P.) — high confidence, target: 2025-01-31
FAQ
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G, which is filed by passive investors who own more than 5% of a company's stock. This specific filing, 'Amendment No. 13', updates previously reported information for KKR Income Opportunities Fund as of December 31, 2023.
Who are the reporting persons in this SC 13G/A filing?
The reporting persons are First Trust Portfolios L.P. (IRS Identification No. 36-3768815), First Trust Advisors L.P. (IRS Identification No. 36-3788904), and The Charger Corporation (IRS Identification No. 36-3772451), as listed under 'Names of Reporting Persons' in the filing.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common class of securities of KKR Income Opportunities Fund is 48249T106, as stated on the cover page of the Schedule 13G.
When was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as indicated on the cover page of the Schedule 13G.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 31, 2024 regarding KKR Income Opportunities Fund (KIO).