Western Asset High Income Opportunity:HIO

    Manage Alerts

    Overview

    As of 11/24/2020

     Share
    Price
    NAVPremium/
    Discount
    Current$5.00$5.43-7.92%
    52 Wk Avg$4.79$5.27-9.09%
    52 Wk High$5.28$5.63-5.39%
    52 Wk Low$3.00$4.23-30.04%
    Regular Distribution TypeIncome Only
    Distribution Rate7.80%
    Distribution Amount$0.0325
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    Seeks high current income with capital appreciation as a secondary objective. Invests at least 65% of its assets in high-yielding non-investment grade corporate bonds, debentures and notes of U.S. issuers. Up to 35% of its assets may be invested in common stock or other equity-related securities. It may invest a small portion of its portfolio in loan participations, warrants and repurchase agreements. Effective 01-Jun-07,The Fund can use a variety of derivative instruments for investment purposes as well as hedging or risk-management purposes. Effective 17-Sep-07, the Fund is allowed to invest more than 10% of its assets in bonds rated below B by more than one rating agency; the Fund is also allowed to invest in Dollar Roll transaction, which would add more leverage to the Fund.

    Capital Structure

    As of 11/24/2020

    Total Investment Exposure:$688.518M
    Total Common Assets:$688.518M
    Common Shares Outstanding:126,798,953
    Annual Expense Ratios

    As of 9/30/2020

      Per Common Share
    Management Fees0.80%
    Other Expenses:0.06%
    Baseline Expense: N/A
    Interest Expense:0.00%
    Total: 0.86%
    Fund Management

    Fund Sponsor
    Legg Mason

    Portfolio Managers
    Michael C. Buchanan, S. Kenneth Leech, Christopher F. Kilpatrick

    Basics
    Category: Fixed Income - Taxable-High Yield
    Ticker: HIO
    NAV Ticker: XHIOX
    Average Daily Volume (shares): 562,041
    Average Daily Volume (USD): $2.607M
    Inception Date: 10/22/1993
    Inception Share Price: $12.50
    Inception NAV: $12.05
    Tender Offer: No
    Term: No
    Fiscal Year End: September 30
    Third Party Links & Reports

    Distributions

    As of 11/24/2020

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 3/31/2020
    $0.1672
    Annualized Distribution Rate on NAV:
    As of 11/24/2020
    7.18%
    Total Return on NAV (12 months):
    As of 11/24/2020
    3.00%
    Avg. Portfolio Coupon:
    As of 11/24/2020
    6.32%
    Total % Portfolio Effectively Leveraged:
    As of 11/24/2020
    0.00%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 11/25/2020

    PeriodAvg Discount
    6 Month-7.77%
    1 Year-9.09%
    3 Year-10.15%
    5 Year-9.94%
    Z-Score

    As of 11/24/2020

    PeriodZStat
    3 Month-1.96
    6 Month-0.10
    1 Year0.41
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 10/31/2020
    Category: Morningstar US CEF High Yield

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD3.22%0.75%-8.80%-3.46%
    201924.21%15.79%21.79%13.91%
    2018-7.58%-3.18%-5.54%-2.01%
    20178.96%7.51%9.77%9.23%
    201616.18%16.43%19.94%16.22%
    2015-4.97%-7.40%-4.93%-4.43%
    2014-2.54%-0.46%2.04%2.36%
    2013-0.64%9.04%2.61%9.80%
    201213.18%17.53%16.41%20.47%
    201110.52%2.71%11.14%4.54%
    201012.11%15.83%19.84%18.51%
    200970.32%57.88%72.15%54.64%
    2008-25.32%-30.54%-39.79%-40.39%
    2007-3.37%0.09%  
    200621.18%11.21%  
    2005-2.10%2.32%  
    20042.32%10.20%  
    200325.92%27.91%  
    2002-5.63%-3.72%  
    2001-2.75%-3.58%  
    200013.66%-9.73%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 10/31/2020
    Category: Morningstar US CEF High Yield

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 11/24/2020
    6.32%
    Average Maturity:
    As of 9/30/2020
    6.30 yrs
    Number of Holdings:
    As of 9/30/2020
    295
    Annual Portfolio Turnover:
    As of 9/30/2020
    83.00%
    Average Bond Price:
    As of 9/30/2020
    $106.03
    Asset Allocation

    As of 9/30/2020 reported by Fund Sponsor

    Top Sectors

    As of 9/30/2020 reported by Fund Sponsor

    Sector%Portfolio
    Corporate (Super Sector)95.64%
    Corporate Bond87.24%
    Bank Loan4.57%
    Convertible3.34%
    Government (Super Sector)3.32%
    Government2.98%
    Cash Equivalents (Super Sector)0.96%
    Cash Equivalents0.96%
    Preferred Stock0.48%
    Government Related0.33%
    Top Holdings

    As of 9/30/2020 reported by Fund Sponsor

    HoldingValue% Portfolio
    CCO Holdings, LLC/ CCO Holdings Capital Corp. 5%$15.75M2.34%
    DISH DBS Corporation 7.75%$12.85M1.91%
    ALTICE FRANCE S.A 7.38%$12.16M1.81%
    Petrobras Global Finance B.V. 5.75%$11.97M1.78%
    DISH DBS Corporation 5.88%$11.35M1.69%
    Citigroup Inc. 6.3%$10.70M1.59%
    Sprint Capital Corporation 8.75%$10.15M1.51%
    Kinder Morgan, Inc. 7.75%$9.75M1.45%
    Western Midstream Operating LP 6.25%$8.98M1.33%
    Intesa Sanpaolo S.p.A. 5.02%$8.20M1.22%
    Credit Quality

    As of 9/30/2020 reported by Fund Sponsor

    Maturity Breakdown

    As of 9/30/2020 reported by Fund Sponsor

    Country Allocation

    As of 9/30/2020 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income65.68%
    Brazil - Fixed Income4.06%
    Israel - Fixed Income3.16%
    France - Fixed Income2.96%
    United Kingdom - Fixed Income2.50%
    Italy - Fixed Income2.46%
    Others - Fixed Income2.14%
    Russia - Fixed Income1.78%
    Canada - Fixed Income1.62%
    Switzerland - Fixed Income1.58%
    Ireland - Fixed Income1.52%
    Argentina - Fixed Income1.46%
    Netherlands - Fixed Income0.99%
    Indonesia - Fixed Income0.76%
    Mexico - Fixed Income0.75%
    Germany - Fixed Income0.57%
    China - Fixed Income0.44%
    Turkey - Fixed Income0.28%
    Colombia - Fixed Income0.25%
    United States - Equity0.06%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    EWB-1014244PR-E1119W