HYI
Western Asset High Yield Defined Opportunity FundHYI
HYI
About: Western Asset High Yield Defined Opps. is a non-diversified, limited-term, closed-end management investment company. The company's investment objective is to provide high income and seek capital appreciation. It invests a majority of its net assets in a portfolio of high-yield corporate fixed-income securities issued or originated by U.S. or foreign public or private corporations and other business entities, with varying maturities.
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
33% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 6
4% more funds holding
Funds holding: 50 [Q2] → 52 (+2) [Q3]
6% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 18
2.97% less ownership
Funds ownership: 29.62% [Q2] → 26.66% (-2.97%) [Q3]
6% less capital invested
Capital invested by funds: $77.9M [Q2] → $73M (-$4.88M) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for HYI.
Financial journalist opinion
Neutral
Business Wire
1 month ago
Western Asset High Yield Defined Opportunity Fund Inc. Announces Financial Position as of August 31, 2024
NEW YORK--(BUSINESS WIRE)--Category: Financials.
Neutral
Seeking Alpha
3 months ago
Ideas For Managing CEF Discount Volatility
Volatility in the closed-end fund, or CEF, market has recently increased, while tight discounts create a point of vulnerability for the market. We discuss various strategies investors can use to make their CEF portfolios more resilient to take advantage of future draw-downs. These strategies include focusing on likely CEF distribution changes, seeking funds with wide discounts, considering term CEFs, and riding sidecar with CEF activists.
Positive
Seeking Alpha
6 months ago
Current Alpha Opportunities In The CEF Space
With market valuations back to expensive levels, we are looking at a number of alpha strategies in the CEF space. These include interval and term funds, relative value as well as leaning against investor flows. We highlight a number of attractive funds such as RSF, PFO, BGH and others.
Positive
Seeking Alpha
6 months ago
HYI: Discounted High Yield Term Fund
Western Asset High Yield Defined Opportunity Fund is a term-structured, non-leveraged high-yield fund that is expected to liquidate in 2025. As the termination date approaches, the HYI fund's discount becomes more important in potentially generating alpha. HYI has a distribution yield of 9.96% and offers diversified exposure with meaningful allocations outside the U.S.
Positive
Seeking Alpha
6 months ago
HYI: Term CEF Lacking A Matched Collateral Base
Western Asset High Yield Defined Opportunity Fund is a fixed-income CEF with a term maturity date of September 30, 2025. The fund's holdings do not match the maturity profile, leading to significant market risk as it approaches liquidation. Performance of HYI is in line with ETF peers, but with higher fees and risks, investors are advised to switch to other options.
Neutral
Business Wire
7 months ago
Western Asset High Yield Defined Opportunity Fund Inc. Announces Financial Position as of February 29, 2024
NEW YORK--(BUSINESS WIRE)--Category: Financials.
Positive
Seeking Alpha
8 months ago
HYI: This High-Yielding Junk Bond Fund Could Be A Decent Holding
Western Asset High Yield Defined Opportunity Fund is a closed-end fund scheduled to be liquidated in 18 months. The fund's current yield of 9.52% compares well to similar options in the market. HYI's performance has been disappointing, but investors purchasing it today should realize some gains upon liquidation unless interest rates do not fall at all.
Neutral
Business Wire
9 months ago
Western Asset High Yield Defined Opportunity Fund Inc. (NYSE: HYI) Announces Portfolio Management Team Update
NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.
Positive
Seeking Alpha
9 months ago
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.
Neutral
Business Wire
10 months ago
Franklin Templeton Fund Adviser, LLC Announces Distributions for the Months of March, April and May 2024
NEW YORK--(BUSINESS WIRE)--Category: Distribution Related.
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