HIX

Western Asset High Income Fund II

HIX

Market cap $394M

Overview Fund Activity

4.37 USD

-0.01

0.23%

At close Updated Sep 18, 4:00 PM EDT

1 day

-0.23%

5 days

0.23%

1 month

0.92%

3 months

2.82%

6 months

3.31%

Year to date

2.58%

1 year

-2.24%

5 years

-34.68%

10 years

-35.07%

About: Western Asset High Income Fund II Inc is a diversified closed-end management investment company. Its investment objective is to maximize current income by investing at least 80% of its net assets and borrowings for investment purposes in high-yield debt securities.

Financials Asset Management

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

14% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 22

4% more capital invested

Capital invested by funds: $70M [Q1] → $72.7M (+$2.74M) [Q2]

0.23% more ownership

Funds ownership: 18.59% [Q1] → 18.83% (+0.23%) [Q2]

0% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 14

1% less funds holding

Funds holding: 85 [Q1] → 84 (-1) [Q2]

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Financial journalist opinion

HIX: Continued NAV Destruction Makes It Hard To Recommend This High-Yielding Fund

Western Asset High Income Fund II offers a high 13.84% yield but cannot cover its distribution, consistently eroding its net asset value. The fund underperforms its benchmark indices over most timeframes, despite its higher yield. HIX has limited foreign currency exposure, although it does have a reasonable level of international bond holdings.

HIX: Continued NAV Destruction Makes It Hard To Recommend This High-Yielding Fund

HIX: Diverse Income CEF But Higher Interest Rates Limit Appeal

Western Asset High Income Fund II (HIX) offers a high dividend yield of 14.3%, but its inconsistent earnings history raises concerns about dividend sustainability. HIX's performance is heavily influenced by the interest rate environment, with higher rates negatively impacting its price and NAV over the past five years. The fund's leverage strategy and significant exposure to below-investment-grade credit increase its risk, especially in a prolonged high-interest-rate environment.

HIX: Diverse Income CEF But Higher Interest Rates Limit Appeal

Western Asset High Income Fund II Inc. Announces Financial Position as of January 31, 2025

NEW YORK--(BUSINESS WIRE)--Category: Financials.

Western Asset High Income Fund II Inc. Announces Financial Position as of January 31, 2025

Wall Street Missed The Memo On These Bond Yields Up To 13%

It's a party on Wall Street! While the suits fawn over the hot “Trump trade” stocks, we dividend investors are going to dumpster dive.

Wall Street Missed The Memo On These Bond Yields Up To 13%

HIX: More Downside Than Upside For This CEF

HIX, a high-leverage fixed-income CEF, blends U.S. high-yield and emerging market bonds, making it a high beta play in the fixed-income space. With credit spreads at historic lows, leveraging up is imprudent; HIX's high beta nature magnifies risks in market downturns. HIX experienced a -36% drawdown in 2022. HIX's distribution is unsustainable, relying heavily on the return of capital, which erodes NAV and heightens vulnerability in market sell-offs.

HIX: More Downside Than Upside For This CEF

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

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

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

24/7 Wall Street

Want $1,200 in Annual Passive Income? Invest $1,200 in Each Of These 9 Stocks

In recent years, many conservative investors relying on fixed-income securities for their income needs have found their buying power cut anywhere from 15% to over 100% on some items, due to inflation.

Want $1,200 in Annual Passive Income? Invest $1,200 in Each Of These 9 Stocks

Western Asset High Income Fund II Inc. Announces Financial Position as of July 31, 2024

NEW YORK--(BUSINESS WIRE)--Category: Financials.

Western Asset High Income Fund II Inc. Announces Financial Position as of July 31, 2024

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.

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