You two make me laugh to myself. If as you say the ratio of current market share price (determined by Jo blow public who bid each other up and down in an open market and nothing to do with the fund manager) to NTA makes you consider the stock is over valued then I'd say KFL is the least of your worries. It's not a useful metric to use to state your case...take a look at the stocks you do like and tell me which ones you can buy whose trading price is that close to their NTA value as KFL ..perhaps you could list them. Yield would have been a better metric if interest rates are the concern.
Just pointing out the contrast between today's opinions and the effusive praise of FFs listed funds not so long ago...go back and read some of them 😉