WESTERN ASSET HIGH YIELD DEF
Western Asset High Yield DEF (HYI) is a closed‑end investment company that aims to generate income by investing primarily in below‑investment‑grade corporate debt and other high‑yield fixed‑income securities. Actively managed by Western Asset Management, the fund typically uses leverage to enhance returns and pays regular distributions, often monthly. Investors should be aware that credit risk, interest‑rate moves and the use of leverage can increase volatility; values and income are not guaranteed and can fall as well as rise. HYI trades on an exchange and its market price can trade at a discount or premium to its net asset value (NAV), creating additional price dynamics. With a market capitalisation of around $147.10M, liquidity and fee levels are relevant considerations. This summary is for general educational purposes only and is not personalised investment advice — suitability depends on individual circumstances and risk tolerance.
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 offers a high dividend yield of 10.22%, making it an attractive option for dividend-seeking investors. If you invested $1000 you would be paid $102.20 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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ADAMS DIVERSIFIED EQUITY
Adams Diversified Equity Fund, Inc. (the Fund) is a diversified, closed-end investment company. The Fund is an internally managed closed-end fund whose investment objectives are preservation of capital, the attainment of reasonable income from investments, and an opportunity for capital appreciation. The Fund invests in a blend of high-quality, large-cap companies. The Fund seeks to generate returns that exceed its benchmark and consistently distribute dividend income and capital gains to shareholders. The Fund may invest up to 20% of assets in commodities (other than physical commodities), including swaps. The Fund invests in various sectors, such as information technology, financials, healthcare, consumer discretionary, communication services, industrials, consumer staples, energy, utilities, real estate and materials.
ASA GOLD AND PRECIOUS METALS
ASA Gold and Precious Metals Limited is a non-diversified, closed-end investment company. The Company's investment objective is long-term capital appreciation primarily through investing in companies engaged in the exploration for, development of projects or mining of precious metals and minerals. The Company invests approximately 80% of its total assets in common shares or securities convertible into common shares of companies engaged, directly or indirectly, in the exploration, mining or processing of gold, silver, platinum, diamonds or other precious minerals; held as bullion or other direct forms of gold, silver, platinum or other precious minerals; in instruments representing interests in gold, silver, platinum or other precious minerals, and/or in securities of investment companies, including exchange traded funds, or other securities that seek to replicate the price movement of gold, silver or platinum bullion. The Company’s investment adviser is Merk Investments LLC.
