FS Credit Opportunities Corp. (NYSE: FSCO ) is a closed-end fund that is "non-diversified," meaning that it is very heavily concentrated in a single sub-asset within fixed income. In this case, FSCO is most heavily invested in senior secured debt, or riskyAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in FSCO, ...