KKR Credit Income fund Units (AU:KKC) has released an update.
KKR Credit Income Fund (ASX:KKC) reported a 1.78% return in September 2024, driven by strong performance in high yield bonds and CCC rated assets. The fund’s net tangible assets totaled A$798.3 million with a distribution yield of 8.08% on NTA, while the ASX unit price offered a yield of 8.70%. KKC’s portfolio, heavily weighted in European Direct Lending, benefited from a robust issuance in leveraged credit markets and a favorable interest rate environment.
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