HIX

Western Asset High Income Fund II
HIX

$4.41

0.23%

Market Cap: $298M

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

30% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 10

13% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 16

5% more funds holding

Funds holding: 57 [Q1] → 60 (+3) [Q2]

0.91% less ownership

Funds ownership: 15.59% [Q1] → 14.68% (-0.91%) [Q2]

28% less capital invested

Capital invested by funds: $60.1M [Q1] → $43.1M (-$16.9M) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for HIX.

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Financial journalist opinion

HIX: Some Good Characteristics, But Distribution Is Destructive

Western Asset High Income Fund II offers a high 13.42% yield but has a concerning performance trend, with a 50.11% share price decline over ten years. The HIX closed-end fund's high leverage (32.28%) and unsustainable distribution strategy pose significant risks, despite its attractive yield compared to peers. The fund's global bond focus, including emerging markets, is appealing as it could offer a degree of protection against the long term U.S. dollar decline.

HIX: Some Good Characteristics, But Distribution Is Destructive

Building A 10% Income Portfolio Today

Six years ago, I wrote my first article on investing, in which I outlined the criteria that had guided me when constructing my first income portfolio. I have tried to retrace here the steps leading up to that article and then subsequent developments in creating my current portfolio. Today, I favor CEFs and ETFs that, in addition to providing regular income, show a positive NAV performance since inception, thereby demonstrating their ability to also generate value over time.

Building A 10% Income Portfolio Today

Weird Circumstance Makes These 8% Dividends An Urgent Buy

It's finally happening: Management fees on our favorite 8%+ paying assets—closed-end funds (CEFs)—are falling. And some are sending their already soaring dividends even higher, too.

Weird Circumstance Makes These 8% Dividends An Urgent Buy

HIX: Global Exposure Is Nice, But Underperformance And NAV Destruction Suggests Caution

Western Asset High Income Fund II has a current yield of 13.27%, outperforming its peers in terms of yield. The HIX closed-end fund's share price has declined by 34.90% over the past three years, underperforming the Bloomberg High Yield Very Liquid Index. The fund has consistently paid out a larger distribution than the junk bond index, which may be appealing to income-focused investors.

HIX: Global Exposure Is Nice, But Underperformance And NAV Destruction Suggests Caution

24/7 Wall Street

Want $12,500 In Passive Income, Invest $20,000 In These 5 Dividend Stocks

According to a February 2, 2024 article in The Washington Post, grocery prices have jumped 25% since Joe Biden took office. This outpaced overall inflation, which was 19% in the same time period. The price of beef and baby food soared the most, followed by sugar and citrus fruits.

Want $12,500 In Passive Income, Invest $20,000 In These 5 Dividend Stocks

Weekly CEF Roundup: First Trust MLP CEF Mergers Approved, Saba Buys BSTZ, PDX Goes Monthly

5 out of 22 closed-end fund sectors positive on price and 1 out of 22 sectors positive on NAV. Saba targets BSTZ, while PDX moves to a monthly distribution. First Trust MLP CEF mergers are approved by shareholders.

Weekly CEF Roundup: First Trust MLP CEF Mergers Approved, Saba Buys BSTZ, PDX Goes Monthly

Weekly CEF Commentary | March 3, 2024 | PDX Makes The Change

Markets were flat, but upcoming events like the jobs report, PMIs, and ECB meeting are important.

Weekly CEF Commentary | March 3, 2024 | PDX Makes The Change

Western Asset High Income Fund II Inc. (NYSE: HIX) Announces Portfolio Management Team Update

NEW YORK--(BUSINESS WIRE)--Effective March 1, 2024, the named portfolio management team responsible for the day-to-day oversight of the Fund is as follows:

Western Asset High Income Fund II Inc. (NYSE: HIX) Announces Portfolio Management Team Update

HIX: Better Valuation After Rights Offering, But Questionable Track Record

The Western Asset High Income Fund II is undergoing a rights offering, which has pushed the fund to a deep discount.

HIX: Better Valuation After Rights Offering, But Questionable Track Record

Franklin Templeton Fund Adviser, LLC Announces Distributions for the Months of March, April and May 2024

NEW YORK--(BUSINESS WIRE)--Category: Distribution Related.

Franklin Templeton Fund Adviser, LLC Announces Distributions for the Months of March, April and May 2024

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