HIO

Western Asset High Income Opportunity Fund
HIO
Market cap $375M

3.94 USD

+0.03

0.77%

At close Dec 20, 4:00 PM EST

After hours

3.92

-0.02

0.51%

1 day

0.77%

5 days

-1.01%

1 month

-0.51%

3 months

-1.75%

6 months

2.87%

Year to date

0.00%

1 year

3.14%

5 years

-21.20%

10 years

-26.49%

About: Western Asset High Income Oppor Fd Inc is a diversified closed-end management investment company. The company's primary objective is to seek high current income and the secondary objective is capital appreciation. It invests a majority of its net assets in high-yield corporate debt securities and the rest in common stock equivalents, including options, warrants, and rights. The company invests in securities of companies from various sectors such as energy, technology, utilities, industrials, communications, finance, and capital goods among others.

0

Funds holding %

of 6,809 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

0% more funds holding

Funds holding: 96 [Q2] → 96 (+0) [Q3]

0% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 14

7% less repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 30

6.92% less ownership

Funds ownership: 37.89% [Q2] → 30.96% (-6.92%) [Q3]

13% less capital invested

Capital invested by funds: $137M [Q2] → $119M (-$18M) [Q3]

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Research analyst outlook

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

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Financial journalist opinion

How To Get 11% Dividends And Wealth Protection In 2025

As I write this, the S&P 500 is sitting on a 28% total return for 2024. And of course, that could shoot even higher if we get the traditional Santa Claus rally.

How To Get 11% Dividends And Wealth Protection In 2025

HIO: High-Yield CEF With International Exposure

HIO is a well-diversified fixed income CEF with over 250 holdings, mainly in U.S. high-yield bonds, and minimal currency risk. The fund has shown robust returns, outperforming unleveraged peers, but lags over a longer time frame and has wider drawdowns. Current tight credit spreads suggest caution; consider lightening exposure and re-entering after a 10% price drop.

HIO: High-Yield CEF With International Exposure

HIO: Limited Protection Against A Resurgence Of Inflation And Limited Upside Potential

The Western Asset High Income Opportunity Fund offers a high yield of 10.76%, outperforming peers but with potential risks due to inflation. The fund primarily invests in junk bonds, but has the potential to invest in common stocks. It is not currently exercising this option. Bonds may not provide sufficient protection against a resurgence of inflation, which is quite possible once the Fed cuts rates.

HIO: Limited Protection Against A Resurgence Of Inflation And Limited Upside Potential

These Huge Dividends Are (Still) Cheap After The August 5 Crash

Think back just a couple weeks: The “yen carry trade” had investors running scared, and we had a terrific opportunity to buy stocks—better still our favorite income plays on stocks: closed-end funds (CEFs) yielding 8%+.

These Huge Dividends Are (Still) Cheap After The August 5 Crash

HIO: Non-Leveraged High-Yield Focused CEF

The Western Asset High Income Opportunity Fund (HIO) is an unleveraged option for high-yield exposure, currently trading at a discount. HIO's historical trading level suggests that waiting for a wider discount may be beneficial, which can especially happen during periods of greater market volatility. The fund's distribution yield is 11.30%, but investors should be aware of the fund's history of distribution cuts and a lack of coverage.

Western Asset High Income Opportunity Fund Inc. Announces Results of Annual Meeting of Stockholders

NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.

Western Asset High Income Opportunity Fund Inc. Announces Results of Annual Meeting of Stockholders

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

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

HIO: One Of The Better Junk Bond CEFs With A Double-Digit Yield

The Western Asset High Income Opportunity Fund Inc. offers a current yield of 10.87%, higher than many other junk bond funds. The HIO fund has managed to outperform the Bloomberg junk bond index on a total return basis over the past three years, despite not using leverage. The fund primarily invests in high-yield bonds and has taken precautions to protect against defaults, but the risk lies in interest rates rather than defaults.

HIO: One Of The Better Junk Bond CEFs With A Double-Digit Yield

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