FS KKR Capital: NAV Discount Reflects Hidden Portfolio Risks and Potential 20% Yield

FS KKR Capital Corp (FSK) has a YTD decline of 33% and a listed forward yield of around 20%, making it an attractive investment. However, investors should be cautious due to hidden portfolio risks, which may be reflected in the discount to net asset value (NAV). Despite this, the company's setup is still appealing to many investors.