HYI

Western Asset High Yield Opportunity Fund Inc.

HYI

Market cap $273M

Overview Fund Activity

12.06 USD

+0.03

0.25%

At close Updated Sep 12, 4:00 PM EDT

1 day

0.25%

5 days

0.33%

1 month

0.92%

3 months

1.77%

6 months

1.77%

Year to date

1.43%

1 year

-0.58%

5 years

-16.66%

10 years

-15.96%

About: Western Asset High Yield Defined Opps. is a non-diversified, limited-term, closed-end management investment company. The company's investment objective is to provide high income and seek capital appreciation. The fund invests a majority of its net assets in a portfolio of high-yield corporate fixed-income securities issued or originated by U.S. or foreign public or private corporations and other business entities, with varying maturities.

Financials Asset Management

0

Funds holding %

of 7,462 funds

–

Analysts bullish %

Fund manager confidence

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

167% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 3

4% more funds holding

Funds holding: 57 [Q1] → 59 (+2) [Q2]

1.11% more ownership

Funds ownership: 29.43% [Q1] → 30.54% (+1.11%) [Q2]

5% more capital invested

Capital invested by funds: $79M [Q1] → $82.9M (+$3.92M) [Q2]

0% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 17

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Financial journalist opinion

HYI: Expensive And Hard To Recommend (Rating Downgrade)

Western Asset High Yield Opportunity Fund offers a high 9.52% yield but struggles to fully cover its distribution from net investment income and realized gains. The fund's net asset value has been declining, raising concerns about long-term distribution sustainability despite recent outperformance versus bond indices on a total return basis. Bonds could struggle to deliver attractive returns if the Fed cuts interest rates further.

HYI: Expensive And Hard To Recommend (Rating Downgrade)

CEF Weekly Review: Why Are Muni CEF NAVs Falling?

We review the CEF market valuation and performance through the fourth week of July and highlight recent market action. Muni CEFs face NAV pressure from rising Treasury rates, underperformance, and overdistribution, but the sector remains attractive amid tight credit spreads. High yield bond CEF HYI completed its tender offer and will become a perpetual CEF.

CEF Weekly Review: Why Are Muni CEF NAVs Falling?

Western Asset High Yield Defined Opportunity Fund Inc. Announces Final Tender Offer Results and Elimination of Term

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

Western Asset High Yield Defined Opportunity Fund Inc. Announces Final Tender Offer Results and Elimination of Term

CEF Weekly Review: HYI Wants To Keep Going

We review the CEF market valuation and performance through the second week of June and highlight recent market action. CEFs had a strong week, with most sectors posting positive NAV returns. HYI will hold a tender offer - the result of which will determine whether it remains outstanding.

CEF Weekly Review: HYI Wants To Keep Going

HYI: Potential Switch To Perpetual Pending Tender Offer

HYI shareholders recently approved the fund to switch from a term structured fund to a perpetual fund. However, investors are also given the opportunity to participate in a tender offer at 100% of NAV for 100% of outstanding shares. That effectively gives investors the same opportunity to cash out of the fund at NAV that a liquidation would provide.

HYI: Potential Switch To Perpetual Pending Tender Offer

Western Asset High Yield Defined Opportunity Fund Inc. Announces Results of Special Meeting of Stockholders and Other Fund Developments

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

Western Asset High Yield Defined Opportunity Fund Inc. Announces Results of Special Meeting of Stockholders and Other Fund Developments

Western Asset High Yield Defined Opportunity Fund Inc. Announces Financial Position as of February 28, 2025

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

Western Asset High Yield Defined Opportunity Fund Inc. Announces Financial Position as of February 28, 2025

CEF Weekly Review: Western Asset Follows The Nuveen Term CEF Playbook

We review the CEF market valuation and performance through the third week of February and highlight recent market action. CEFs had a mixed performance as stocks fell and Treasuries rose, driven by disappointing Walmart numbers. The Western Asset High Yield Defined Opportunity Fund is considering converting to a perpetual fund, which could impact its discount after the tender offer.

CEF Weekly Review: Western Asset Follows The Nuveen Term CEF Playbook

Western Asset High Yield Defined Opportunity Fund Inc. Announces Stockholder Proposal

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

Western Asset High Yield Defined Opportunity Fund Inc. Announces Stockholder Proposal

Western Asset High Yield Defined Opportunity Fund Inc. Announces Financial Position as of August 31, 2024

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

Western Asset High Yield Defined Opportunity Fund Inc. Announces Financial Position as of August 31, 2024

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