HIX

Western Asset High Income Fund II
HIX
Market cap $277M

4.10 USD

+0.01

0.24%

At close Apr 25, 4:00 PM EDT

1 day

0.24%

5 days

2.50%

1 month

-3.07%

3 months

-3.76%

6 months

-7.66%

Year to date

-3.76%

1 year

-4.43%

5 years

-23.36%

10 years

-49.82%

Financials Asset Management

0

Funds holding %

of 7,419 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

240% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 5

33% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 18

15% more funds holding

Funds holding: 65 [Q3] → 75 (+10) [Q4]

1.82% more ownership

Funds ownership: 21.02% [Q3] → 22.84% (+1.82%) [Q4]

2% more capital invested

Capital invested by funds: $64M [Q3] → $65M (+$1.02M) [Q4]

See Fund Rankings

Research analyst outlook

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

See Analyst Rankings

Financial journalist opinion

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.

Weird Circumstance Makes These 8% Dividends An Urgent Buy

It's finally happening: Management fees on our favorite 8%+ paying assets—closed-end funds (CEFs)—are falling. And some are sending their already soaring dividends even higher, too.

HIX: Global Exposure Is Nice, But Underperformance And NAV Destruction Suggests Caution

Western Asset High Income Fund II has a current yield of 13.27%, outperforming its peers in terms of yield. The HIX closed-end fund's share price has declined by 34.90% over the past three years, underperforming the Bloomberg High Yield Very Liquid Index. The fund has consistently paid out a larger distribution than the junk bond index, which may be appealing to income-focused investors.

See News Rankings

Charts implemented using Lightweight Charts™