WESTERN ASSET HIGH YIELD DEF
Western Asset High Yield Opportunity Fund Inc., formerly Western Asset High Yield Defined Opportunity Fund Inc., (the Fund), is a non-diversified, closed-end management investment company. The Fund’s investment objective is to provide high income. As a secondary investment objective, the Fund will seek capital appreciation. It seeks to achieve its investment objectives by investing, under normal market conditions, at least 80% of its net assets in a portfolio of high-yield corporate fixed-income securities with varying maturities. It may also invest up to 20% of its net assets in fixed-income securities issued by the United States or foreign governments, agencies and instrumentalities and/or fixed-income securities that are of investment-grade quality. It invests in various sectors, including Consumer Cyclical, Communications, Energy, Finance, Technology, Transportation, EM Government, Basic Industry, and Other. Franklin Templeton Fund Adviser, LLC is the Fund’s investment manager.
Stock Performance Snapshot
Financial Health
Western Asset High Yield Def is showing solid revenue and profit margins, but cash flow is lacking.
Dividend
Western Asset High Yield Def has a high dividend yield of 9.99%, making it an attractive choice for dividend-seeking investors. If you invested $1000 you would be paid $99.90 a year in dividends (based on the last 12 months).
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Published: June 17, 2025
Explore BasketWhy You’ll Want to Watch This Stock
High‑Yield Income Focus
Targets higher income through below‑investment‑grade corporate debt and leverage; note income potential comes with heightened credit and market risk.
Active Credit Management
Professional active management aims to pick credits and manage duration, but performance can vary with economic cycles and credit events.
NAV Discount Dynamics
Trades on an exchange and can move at a discount or premium to NAV, offering opportunities and risks depending on market sentiment and liquidity.
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6% Interest on Cash
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