Investment Product and Service Launches

KKR Income Opportunities Fund Q3 2023 Investor Call Now Available

KKR Income Opportunities Fund announced that the recording of its third quarter 2023 investor webinar is now available on the fund’s website. Tom Hobby and Richard Schoenfeld hosted the call and provided market color and portfolio updates for Q3 2023.

Schoenfeld is a director and a senior investment professional on the KKR U.S. leveraged credit team. Hobby is a principal and member of KKR’s global client solutions group.

The KKR Income Opportunities Fund is a diversified, closed-end management investment company managed by KKR Credit Advisors LLC, an indirect subsidiary of KKR & Co. Inc. The fund’s primary investment objective is to seek a high level of current income with a secondary objective of capital appreciation.

The fund seeks to achieve its investment objective by investing primarily in first- and second-lien secured loans, unsecured loans and high-yield corporate debt instruments. It invests in a targeted portfolio of loans and fixed-income instruments from U.S. and non-U.S. issuers, implementing hedging strategies in order to achieve attractive risk-adjusted returns.

Victory Capital Adds VictoryShares Small Cap Free Cash Flow ETF to its ETF Lineup

Victory Capital Holdings, Inc.’s wholly owned investment adviser, Victory Capital Management Inc., has launched a new rules-based exchange-traded fund, VictoryShares Small Cap Free Cash Flow ETF.

The fund, with ticker SFLO, seeks to provide investment results that track the performance of the Victory U.S. Small Cap Free Cash Flow Index. It invests in profitable U.S. small-cap companies with high free cash flow yields and favorable growth prospects.

The index screens an initial universe of companies for historical and projected free cash flows. It then eliminates companies with the worst growth characteristics to seek better outcomes in a variety of market environments.

“We are excited to expand our free cash flow lineup with the introduction of SFLO,” Mannik Dhillon, president, investment franchises and solutions, Victory Capital, said in a statement. “SFLO will take the innovative methodologies employed by the VictoryShares Free Cash Flow ETF to the small cap segment. Investors will be able to capitalize on companies with attractive free cash flow yields without sacrificing growth potential in the small cap allocation of their portfolios.”

Alpha Blue Capital Management LP Enters Active ETF Space

Alpha Blue Capital Management LP has launched the Alpha Blue Capital US Small-Mid Cap Dynamic ETF. The active equity ETF is a dynamic active small-mid cap equity ETF that integrates a bottom-up security selection investment process.

Alpha Blue Capital Management LP is the ETF sponsor and sub-adviser providing fundamental research, portfolio management strategy and decision making for ABCS. ETF Architect, based in the Philadelphia area, is the adviser for the fund, ticker ABCS, on its white label ETF platform EA Series Trust.

ETF Architect is also providing quantitative consulting and monthly portfolio characteristics analysis to streamline ABCS’s active equity process and its stock selection. The strategy focuses on the less efficient, potentially higher returning, bottom 30% by market weight of the U.S. stock market.

“We believe our low cost, dynamic active small-mid cap ETF-ABCS offering with the flexibility to integrate passive index ETF investing and seeking to generate alpha, is ideal for taxable and tax-exempt individual investor accounts. Ultimately, in addition, it will be for family offices and institutional investors as AUM grows,” David Dabora, managing partner & portfolio manager for ABCS, said in a statement.