HYI
Western Asset High Yield Defined Opportunity FundHYI
HYI
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. It 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.
0
Funds holding %
of 7,323 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
4% more funds holding
Funds holding: 54 [Q4 2024] → 56 (+2) [Q1 2025]
1.16% more ownership
Funds ownership: 28.04% [Q4 2024] → 29.2% (+1.16%) [Q1 2025]
4% more capital invested
Capital invested by funds: $75.1M [Q4 2024] → $78.4M (+$3.29M) [Q1 2025]
6% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 18
Research analyst outlook
We haven’t received any recent analyst ratings for HYI.
Financial journalist opinion
Neutral
Business Wire
1 week ago
Western Asset High Yield Defined Opportunity Fund Inc. Announces Final Tender Offer Results and Elimination of Term
NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.
Neutral
Seeking Alpha
1 month ago
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.
Positive
Seeking Alpha
1 month ago
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.
Neutral
Business Wire
1 month ago
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.
Neutral
Business Wire
3 months ago
Western Asset High Yield Defined Opportunity Fund Inc. Announces Financial Position as of February 28, 2025
NEW YORK--(BUSINESS WIRE)--Category: Financials.
Negative
Seeking Alpha
4 months ago
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.
Neutral
Business Wire
5 months ago
Western Asset High Yield Defined Opportunity Fund Inc. Announces Stockholder Proposal
NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.
Neutral
Business Wire
9 months ago
Western Asset High Yield Defined Opportunity Fund Inc. Announces Financial Position as of August 31, 2024
NEW YORK--(BUSINESS WIRE)--Category: Financials.
Neutral
Seeking Alpha
10 months ago
Ideas For Managing CEF Discount Volatility
Volatility in the closed-end fund, or CEF, market has recently increased, while tight discounts create a point of vulnerability for the market. We discuss various strategies investors can use to make their CEF portfolios more resilient to take advantage of future draw-downs. These strategies include focusing on likely CEF distribution changes, seeking funds with wide discounts, considering term CEFs, and riding sidecar with CEF activists.
Positive
Seeking Alpha
1 year ago
Current Alpha Opportunities In The CEF Space
With market valuations back to expensive levels, we are looking at a number of alpha strategies in the CEF space. These include interval and term funds, relative value as well as leaning against investor flows. We highlight a number of attractive funds such as RSF, PFO, BGH and others.
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