Generate current income and, to a lesser extent, long-term capital appreciation
FSIC III is a business development company (BDC) designed to provide a high level of current income. The fund primarily invests in floating rate, senior secured loans of private U.S. middle market companies.
FS/KKR Advisor, LLC
Fund materials
STOCKHOLDER RETURNS 1 As of 11/30/2019 | YTD | 1 YR | 3 YRS | 5 YRS |
SINCE INCEPTION 4/2/2014 |
CUMULATIVE TOTAL RETURN since inception* |
CUMULATIVE TOTAL RETURN since inception* (with sales charge) 2 |
CUMULATIVE CASH DISTRIBUTIONS PER SHARE since inception 3 |
---|---|---|---|---|---|---|---|---|
FSIC III | 5.2% | 2.7% | 4.3% | 4.9% | 5.2% | 33.3% | 20.0% | $3.97 |
Asset: As of June 30, 2019. Calculated as a percentage of fair value. Fair value is determined by FSIC III’s board of directors. Includes investments held by FSIC III and the assets underlying FSIC III’s total return swap (TRS) financing arrangement with Citibank, N.A. Excluding investments held under the TRS, floating rate investments comprised 74% of FSIC III’s investment portfolio; investment allocations were 70% senior secured loans – 1st lien, 9% senior secured loans – 2nd lien, 3% other senior secured debt, 9% subordinated debt, 6% asset based finance and 3% equity/other.
Industry: As of June 30, 2019. Calculated as a percentage of fair value. Fair value is determined by FSIC III’s board of directors. Does not include assets underlying FSIC III's TRS financing arrangement with Citibank, N.A.
Top 10 holdings: As of June 30, 2019. Calculated as a percentage of fair value. Fair value is determined by FSIC III’s board of directors. Securities may be an obligation of one or more entities affiliated with the named company. Percentages shown are net of unfunded commitment amounts. Does not include assets underlying FSIC III’s TRS financing arrangement with Citibank, N.A.
Investing in FSIC III may be considered speculative and involves a high level of risk, including the risk of a substantial loss of investment. The following are some of the risks an investment in FSIC III’s common stock involves; however, you should carefully consider all of the information found in the section of FSIC III’s prospectus entitled “Risk Factors” before deciding to invest in shares of FSIC III’s common stock.