FSCO
Financial ServicesFS Credit Opportunities Corp. · Asset Management · $1B
What is FS Credit Opportunities Corp.?
FS Credit Opportunities Corp. is a closed-end fixed income fund focused on global credit markets, with particular emphasis on the United States and Europe. It pursues total return through an event-driven investment approach targeting undervalued credit securities.
FSCO invests across a broad range of credit instruments — including secured and unsecured loans, floating and fixed rate bonds, and other debt securities. The fund is co-managed by FS Global Advisor, LLC and GSO Capital Partners LP. Its strategy centers on identifying companies whose credit securities are mispriced relative to their intrinsic value, particularly those poised to benefit from corporate events such as mergers, acquisitions, or restructurings.
The fund was formed in 2013 and is headquartered in Philadelphia, United States.
- Global credit investments across the US and Europe
- Secured and unsecured floating and fixed rate loans
- Corporate bonds and other debt instruments
- Event-driven credit strategies targeting corporate reorganizations
- Diversified sector exposure through fixed income markets
Is FSCO a Good Stock to Buy?
UQS Score rates FSCO as Good overall, reflecting a balanced profile with meaningful strengths and some areas of caution.
The Quality pillar stands out as a clear strength, suggesting the fund's underlying portfolio and operational characteristics compare favorably within the financial services sector. The Risk pillar also rates Good, indicating the fund manages downside exposure at a level above many peers. Valuation is rated Attractive, which may interest investors looking for credit exposure without paying a premium.
The Moat pillar is rated Weak, which is common for closed-end funds operating in competitive credit markets where differentiation is difficult to sustain. Growth is Neutral, reflecting the income-oriented nature of the strategy rather than capital appreciation.
See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does FSCO pay dividends?
Yes — FS Credit Opportunities Corp. pays a dividend.
FSCO pays a regular dividend, consistent with its mandate as a closed-end credit fund designed to generate income for shareholders. The fund's income-focused strategy — drawing from interest payments across its loan and bond portfolio — supports ongoing distributions. Investors seeking regular income from credit markets often consider closed-end funds like FSCO as part of a broader fixed income allocation.
When does FSCO report earnings?
FS Credit Opportunities Corp. reports financial results on a quarterly cadence, typical for US-listed closed-end funds.
The fund's results reflect the performance of its underlying credit portfolio, including income generated from loans and bonds across global markets. Event-driven positions tied to corporate activity can introduce variability in quarterly outcomes. Investors should review net asset value trends alongside income distributions when evaluating recent results.
For the most recent quarter's results, visit FS Credit Opportunities Corp.'s investor relations page directly.
FSCO Price History
+50.0% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in FS Credit Opportunities Corp.?
Based on FS Credit Opportunities Corp.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
FSCO Long-term Outlook
FSCO's Growth pillar rates Neutral, consistent with a fund whose primary objective is income generation rather than aggressive capital appreciation. The Good Risk rating suggests the portfolio is positioned with reasonable caution relative to sector peers. With Valuation rated Attractive, the fund may offer a favorable entry point for income-oriented investors, though the Weak Moat rating is a reminder that competitive pressures in credit markets remain real.
Growth drivers
- Continued corporate event activity driving event-driven credit opportunities
- Floating rate loan exposure benefiting in higher-rate environments
- Broad sector diversification across global credit markets
Key risks
- Weak competitive moat in a crowded closed-end fund landscape
- Credit market volatility affecting portfolio valuations and income
- Sensitivity to macroeconomic shifts impacting corporate restructuring activity
FSCO vs Peers
FSCO operates in a niche corner of the closed-end and alternative credit space, alongside a range of investment vehicles with distinct strategies.
A Canadian closed-end equity fund focused on long-term capital appreciation rather than credit income strategies.
Burford specializes in legal finance and litigation funding, a highly differentiated alternative asset class distinct from traditional credit investing.
Clairvest is a private equity firm focused on buyout investments, contrasting with FSCO's fixed income and credit-oriented mandate.
Frequently Asked Questions
What does FS Credit Opportunities Corp. do?
FS Credit Opportunities Corp. is a closed-end fixed income fund that invests in global credit markets, primarily in the United States and Europe. It targets secured and unsecured loans, bonds, and other debt instruments, using an event-driven approach to identify undervalued credit securities tied to corporate events like mergers or restructurings.
Does FSCO pay dividends?
Yes, FSCO pays a regular dividend. As a closed-end credit fund, its income is primarily derived from interest payments on loans and bonds held in the portfolio. These distributions are a core part of the fund's value proposition for income-focused investors.
When does FSCO report earnings?
FSCO reports financial results on a quarterly cadence, in line with standard practice for US-listed closed-end funds. For the most current earnings release or scheduled reporting dates, refer to the investor relations section of FS Credit Opportunities Corp.'s official website.
Is FSCO a good stock to buy?
UQS Score rates FSCO as Good overall. Its Quality and Risk pillars are rated favorably, and Valuation is Attractive. However, the Moat pillar is Weak and Growth is Neutral, which reflects the income-oriented nature of the fund. Whether it fits your portfolio depends on your income needs and risk tolerance — view the full pillar breakdown on UQS Pro.
Is FSCO overvalued?
The UQS Valuation pillar for FSCO is rated Attractive, suggesting the fund is not trading at a significant premium relative to its assessed value. Closed-end funds can trade at discounts or premiums to net asset value, and the Attractive rating indicates the current pricing may favor buyers relative to sector peers.
How does FSCO compare to its competitors?
FSCO's closest listed peers — Canadian General Investments, Burford Capital, and Clairvest Group — each pursue meaningfully different strategies, from equity investing to litigation finance and private equity. FSCO's focus on global credit and event-driven debt positions it as a distinct income-oriented vehicle within the broader alternative investment landscape.
What is FSCO's market cap bracket?
FSCO is classified as a small-cap fund. This places it in a category where liquidity and trading volume may be more limited than large-cap peers, which is a factor worth considering alongside the fund's income and credit profile.
Who founded FS Credit Opportunities Corp.?
FS Credit Opportunities Corp. was launched by Franklin Square Capital Partners, a Philadelphia-based alternative asset manager. The fund was formed in 2013 and is co-managed by FS Global Advisor, LLC and GSO Capital Partners LP.
Is FSCO a long-term quality investment?
From a quality standpoint, FSCO's Strong Quality pillar and Good Risk rating suggest the fund has characteristics associated with durable income generation. However, the Weak Moat rating indicates limited structural advantages over time. Long-term suitability depends on how the fund's credit strategy performs across different market cycles — the full UQS analysis is available to Pro members.
What is the main competitive advantage of FS Credit Opportunities Corp.?
FSCO's event-driven credit approach — targeting companies undervalued ahead of mergers, acquisitions, or restructurings — provides a differentiated angle within fixed income. Co-management by experienced credit specialists adds institutional depth. That said, the UQS Moat pillar rates Weak, reflecting the broader challenge of sustaining a durable edge in competitive credit markets.
What sector does FSCO belong to?
FSCO operates within the Financial Services sector, specifically as a closed-end fixed income fund. It sits at the intersection of credit investing and alternative asset management, making it relevant to investors seeking fixed income exposure with an active, event-driven overlay.
Is FSCO a growth stock or value stock?
FSCO is neither a traditional growth nor value equity — it is an income-oriented closed-end credit fund. Its UQS Growth pillar is Neutral and Valuation is Attractive, positioning it as a fund where current income and relative pricing matter more than capital appreciation potential.
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Pro Analysis
FSCO — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 14, 2026 | 62.2 | 88.1 | 25.0 | 37.2 | 77.8 | 98.9 | -0.1 |
| May 12, 2026 | 62.3 | 88.1 | 25.0 | 37.2 | 77.8 | 99.3 | -2.0 |
| May 9, 2026 | 64.3 | 88.1 | 25.0 | 48.0 | 77.8 | 98.4 | +2.2 |
| Apr 25, 2026 | 62.1 | 88.1 | 25.0 | 37.2 | 77.8 | 98.4 | -0.1 |
| Apr 23, 2026 | 62.2 | 88.1 | 25.0 | 37.2 | 77.8 | 99.1 | 0.0 |
| Apr 22, 2026 | 62.2 | 88.1 | 25.0 | 37.2 | 77.8 | 98.9 | -1.9 |
| Apr 21, 2026 | 64.1 | 88.1 | 25.0 | 46.5 | 77.8 | 98.9 | 0.0 |
| Apr 18, 2026 | 64.1 | 88.1 | 25.0 | 46.5 | 77.8 | 98.8 | -0.1 |
| Apr 2, 2026 | 64.2 | 88.1 | 25.0 | 46.5 | 77.8 | 100.0 | — |
FSCO — Pillar Breakdown
Quality
— 88.1/100 (25%)FS Credit Opportunities Corp. demonstrates outstanding capital efficiency and profitability, placing it among the highest-quality businesses in the market.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 37.2/100 (20%)FS Credit Opportunities Corp. shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Risk
— 77.8/100 (15%)FS Credit Opportunities Corp. carries minimal financial risk with conservative leverage and strong solvency.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 99.3/100 (15%)FS Credit Opportunities Corp. appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
Enterprise value multiple relative to sector median.
Moat
— 25/100 (25%)FS Credit Opportunities Corp. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for FSCO.
Score Composition
Financial Data
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How is the FSCO UQS Score Calculated?
The UQS (Unified Quality Score) for FS Credit Opportunities Corp. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses FS Credit Opportunities Corp.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether FS Credit Opportunities Corp. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.