# Western Asset High Income Fund II Inc (HIX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/hix for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Western Asset · Asset class: Bond - Strategy: Thematic · Inception: 1998-05-22 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 fundame... ## Key Facts | Metric | Value | |---|---| | Price | $3.37 | | Expense Ratio | 4.00% | | Assets Under Management | $303.1M | | NAV | — | | Holdings Count | — | | Distribution Yield (TTM) | 17.47% | | Annual Distribution (TTM) | $0.59 /share | | Distribution Frequency | Monthly | | 52-Week Range | $3.34 – $4.33 | | Beta | 0.93 | ## Latest Distribution - Amount: $0.0490 /share - Ex-date: 2026-11-20 - Pay date: 2026-11-30 ## Frequently Asked Questions ### 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 17.47%, 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. ### Does HIX pay a dividend? Yes, Western Asset High Income Fund II Inc (HIX) distributes dividends to shareholders. The trailing-twelve-month yield is 17.47%. Full dividend history is on this page. ### How often does HIX pay dividends? Western Asset High Income Fund II Inc pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is HIX's next ex-dividend date? The most recently announced ex-dividend date for HIX was 2026-11-20. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will HIX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 4.00% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does HIX charge its expense ratio? The expense ratio is deducted in tiny daily slices from HIX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does HIX cost more than a fund like VOO? HIX's strategy (current expense ratio 4.00%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where HIX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to HIX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as HIX (4.00%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/hix - Distribution history: https://www.dividenddata.com/funds/hix/dividend - Holdings & diversification: https://www.dividenddata.com/funds/hix/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/hix/expenses - Peer comparison: https://www.dividenddata.com/funds/hix/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.