HIX
Western Asset High Income Fund IIHIX
HIX
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.
0
Funds holding %
of 7,202 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
114% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 7
61% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 18
9% more funds holding
Funds holding: 76 [Q4 2024] → 83 (+7) [Q1 2025]
6% more capital invested
Capital invested by funds: $65M [Q4 2024] → $69M (+$4M) [Q1 2025]
1.2% more ownership
Funds ownership: 17.13% [Q4 2024] → 18.33% (+1.2%) [Q1 2025]
Research analyst outlook
We haven’t received any recent analyst ratings for HIX.
Financial journalist opinion
Positive
Seeking Alpha
5 days ago
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.
Neutral
Business Wire
1 month ago
Western Asset High Income Fund II Inc. Announces Financial Position as of January 31, 2025
NEW YORK--(BUSINESS WIRE)--Category: Financials.
Neutral
Forbes
6 months ago
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.
Neutral
Seeking Alpha
6 months ago
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.
Neutral
Business Wire
6 months ago
Western Asset High Income Fund II Inc. Announces Results of Annual Meeting of Stockholders
NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.
Neutral
24/7 Wall Street
7 months ago
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.
Neutral
Business Wire
7 months ago
Western Asset High Income Fund II Inc. Announces Financial Position as of July 31, 2024
NEW YORK--(BUSINESS WIRE)--Category: Financials.
Positive
Seeking Alpha
8 months ago
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.
Positive
Seeking Alpha
11 months ago
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.
Positive
Forbes
11 months ago
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.
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