HIO

Western Asset High Income Opportunity Fund
HIO

$3.89

0.78%

Market Cap: 370M

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 in various sectors such as auto components, hotels, restaurants and leisure, household durables, food & staples, energy, banks, capital markets, consumer finance, insurance, pharmaceuticals, aerospace and defense, and others.

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Funds holding %

of 6,702 funds

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Analysts bullish %

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News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 0 [Q4 2023] → 1 (+1) [Q1 2024]

23% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 31

2.92% less ownership

Funds ownership: 38.13% [Q4 2023] → 35.21% (-2.92%) [Q1 2024]

5% less funds holding

Funds holding: 104 [Q4 2023] → 99 (-5) [Q1 2024]

7% less capital invested

Capital invested by funds: $140M [Q4 2023] → $131M (-$9.46M) [Q1 2024]

33% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 15

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Research analyst outlook

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

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Financial journalist opinion

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.

HIO: Non-Leveraged High-Yield Focused CEF

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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