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HIX

Western Asset High Income Fund II

HIX

Market cap $351M

3.90 USD

-0.01

0.26%

At close Updated Aug 27, 4:00 PM EDT

1 day

-0.26%

5 days

-0.76%

1 month

-0.26%

3 months

-1.76%

6 months

-6.47%

Year to date

-6.7%

1 year

-9.09%

5 years

-48.21%

10 years

-46.06%

About: Western Asset High Income Fund II Inc is a diversified closed-end management investment company. Its primary investment objective is to maximize current income by investing at least 80% of its net assets, plus any borrowings for investment purposes, in high-yield debt securities. As a secondary objective, the Fund seeks capital appreciation to the extent consistent with its objective of seeking to maximize current income.

Financials Asset Management

News

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Neutral

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Sentiment 3-Months

Positive 0%

Neutral 100%

Negative 0%

HIX: Doesn't Appear Worth The Risk Currently

Western Asset High Income Fund II is a leveraged, below-investment-grade CEF with a global, diversified portfolio. HIX's distribution yield is quite attractive but not covered by net investment income, leading to persistent NAV erosion and overdistribution concerns. The fund's discount has narrowed, removing its previous valuation appeal and making it less attractive relative to historical averages.

HIX: Doesn't Appear Worth The Risk Currently

HIX: This Fund May Be Exposed To Spirit Airlines Collapse And Is Over-Distributing

The Western Asset High Income Fund II (HIX) offers a 14.74% yield but suffers persistent net asset value (NAV) erosion, raising sustainability concerns. HIX's distribution exceeds net investment income, relying on unrealized gains and capital, which threatens long-term NAV and future payouts. Exposure to Spirit Airlines bankruptcy may result in further portfolio losses, though position size is not dominant but still material.

HIX: This Fund May Be Exposed To Spirit Airlines Collapse And Is Over-Distributing

Western Asset High Income Fund II Inc. (NYSE: HIX) Announces Portfolio Management Team Update

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

Western Asset High Income Fund II Inc. (NYSE: HIX) Announces Portfolio Management Team Update

Western Asset High Income Fund II Inc. Announces Financial Position as of January 31, 2026

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

Western Asset High Income Fund II Inc. Announces Financial Position as of January 31, 2026

Western Asset High Income Fund II Inc. (NYSE: HIX) Announces Portfolio Management Team Update

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

Western Asset High Income Fund II Inc. (NYSE: HIX) Announces Portfolio Management Team Update

HIX: Limited Appeal As Long As Rates Remain Elevated

HIX: Limited Appeal As Long As Rates Remain Elevated

HIX: Limited Appeal As Long As Rates Remain Elevated

Why We're Buying The Dip On These 8% CEFs

Some of our favorite bond funds (yielding 8%+) just took a header. And it's setting up the best buying opportunity we've seen in nearly three years for CEF investors.

Why We're Buying The Dip On These 8% CEFs

HIX: Strong Dividend Coverage But Weak Growth Potential

Western Asset High Income Fund II offers a 13.6% yield and global diversification, appealing to income-focused investors. HIX's NAV has improved due to net realized gains, but high leverage and below-investment-grade holdings increase risk, especially in a high-rate environment. The fund's dividend appears sustainable, with recent earnings covering distributions at 163%, though payouts are taxed as ordinary income.

HIX: Strong Dividend Coverage But Weak Growth Potential

HIX: Interest Rate Cuts Will Put Downward Pressure On This Fund

Western Asset High Income Fund II (HIX) offers a 13.64% yield, far surpassing major bond indices and most closed-end fund peers. HIX's high yield is undermined by declining net asset value and unsustainable distributions, raising concerns about future distribution cuts. Upcoming Federal Reserve rate cuts threaten HIX's income generation, especially from its floating-rate assets.

HIX: Interest Rate Cuts Will Put Downward Pressure On This Fund

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

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

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

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