HIO
Western Asset High Income Opportunity FundHIO
HIO
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 7,296 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
79% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 19
3.77% less ownership
Funds ownership: 30.27% [Q4 2024] → 26.51% (-3.77%) [Q1 2025]
5% less funds holding
Funds holding: 100 [Q4 2024] → 95 (-5) [Q1 2025]
11% less capital invested
Capital invested by funds: $113M [Q4 2024] → $100M (-$12.9M) [Q1 2025]
24% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 17
Research analyst outlook
We haven’t received any recent analyst ratings for HIO.
Financial journalist opinion
Negative
Seeking Alpha
1 week ago
HIO: Limited Appeal Due To Poor NAV Growth And Weak Dividend Coverage
I rate HIO a sell due to weak underlying performance, poor NAV growth, and inconsistent distribution coverage in the current high interest rate environment. HIO offers an attractive 11% yield, but its focus on high-yield, below-investment-grade debt increases risk and makes distributions vulnerable to cuts. The fund's persistent NAV decline and frequent net realized losses raise concerns about long-term capital preservation and sustainability of payouts.
Neutral
Business Wire
1 month ago
Western Asset High Income Opportunity Fund Inc. Announces Results of Annual Meeting of Stockholders
NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.
Positive
Seeking Alpha
2 months ago
HIO: Junk Bond Focus Better Than Floaters For Rate Cuts
The Western Asset High Income Opportunity Fund offers a competitive 10.52% yield, outperforming major fixed-income indices and appealing to income-focused investors. Despite problems in the bond market, the fund's performance has been strong, with a 7.93% total return over the past six months. The fund is focused on investing in junk bonds instead of floating-rate securities, which is a better place to be in the current rate environment.
Positive
Forbes
5 months ago
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.
Positive
Seeking Alpha
6 months ago
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.
Positive
Seeking Alpha
9 months ago
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.
Positive
Forbes
9 months ago
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%+.
Positive
Seeking Alpha
1 year ago
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.
Neutral
Business Wire
1 year ago
Western Asset High Income Opportunity Fund Inc. Announces Results of Annual Meeting of Stockholders
NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.
Neutral
Business Wire
1 year ago
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:
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