Western Asset High Income Fund II Inc

Frequently Asked Questions About HIX

What does HIX invest in?

Western Asset High Income Fund II Inc. is a closed-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe. The fund invests in securities of companies that operate across diversified sectors. It invests in high yield debt securities issued by U.S., foreign corporations and foreign governments. The fund employs a combination of quantitative and fundamental analysis with bottom-up security selection process to create its portfolio. It benchmarks the performance of its portfolio against Barclays Capital U.S. Corporate High Yield 2% Issuer Cap Index and the JPMorgan Emerging Markets Bond Index Global. Western Asset High Income Fund II, Inc. was formed on May 28, 1998 and is domiciled in the United States.

What is the expense ratio of HIX?

Western Asset High Income Fund II Inc (HIX) charges an expense ratio of 4.00%. This is the annual fee deducted from fund assets to cover management and operations.

What is HIX's dividend yield?

HIX's trailing-twelve-month yield is 14.89%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of HIX?

Effective duration measures HIX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. HIX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of HIX?

HIX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of HIX?

Yield to maturity (YTM) is the total return you'd earn from HIX if every bond in the portfolio is held to maturity at the current price. HIX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.