Western Asset High Income Fund II Inc
Western Asset High Income Fund II Inc., known by its ticker HIX, is a type of investment known as a closed-end fund. Its main goal is to generate a high level of current income for its investors. It aims to achieve this by investing at least 80% of its assets into high-yield debt securities, often referred to as 'junk bonds'. While income is the priority, the fund also has a secondary objective of seeking capital appreciation where possible. Managed by Franklin Templeton Fund Adviser, LLC, the fund has a global scope, with the ability to invest up to 35% of its assets in debt from emerging market countries. It also maintains flexibility to invest a smaller portion in equities like common stocks. As with any investment, it's important to remember that returns are not guaranteed, the value of investments can go down as well as up, and higher yields typically involve higher risk.
Stock Performance Snapshot
Dividend
Western Asset High Income Fund II Inc offers a high dividend yield of 14.03%, making it an attractive choice for income-focused investors. If you invested $1000 you would be paid $140.30 a year in dividends (based on the last 12 months).
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Why You’ll Want to Watch This Stock
Income-Focused Objective
The fund's primary goal is to maximise current income, which may be a point of interest for those exploring income-generating assets. Remember, high yield often comes with higher risk.
Global Exposure
With the ability to invest in emerging market debt, the fund offers a degree of global diversification. This broad approach does not, however, guarantee returns or protect against loss.
Professionally Managed
As a closed-end fund, it is actively managed by a professional investment firm, offering access to their expertise in the high-yield bond market. Past performance is not a guide to future results.
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