Western Asset High Income II:HIX

    Manage Alerts


    As of 6/11/2021

    52 Wk Avg$6.76$7.05-4.06%
    52 Wk High$7.37$7.292.66%
    52 Wk Low$5.71$6.60-13.24%
    Regular Distribution TypeIncome Only
    Distribution Rate8.17%
    Distribution Amount$0.0490
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The objective is to maximize current income, with a secondary objective of capital appreciation to the extent consistent with maximization of current income. It invests primarily in U.S. high-yield debt securities (corporate and sovereign), rated at the time of investment in medium or lower rating categories. Up to 20% may be invested in emerging market debt securities. Effective 01-Jun-07, the new definition of emerging market country would include any country which is, at the time of investment, represented in the JP Morgan EMBI Global Index or categorized by the World Bank, in its annual categorization, as middle or low-income. Due to changes in its non fundamental investment policy the fund will now be able to invest in dollar rolls, asset backed securities and mortgage backed securities effective from 17-Sep-07.

    Capital Structure

    As of 6/11/2021

    Total Investment Exposure:$767.047M
    Total Common Assets:$609.047M
    Common Shares Outstanding:84,238,872

    As of 6/11/2021

    Preferred Share Assets:
    Total Debt (USD): $158.000M
    Regulatory Leverage (USD): $158.000M
    Effective Leverage (USD): $158.000M
    Effective Leverage (%): 20.60%
    Annual Expense Ratios

    As of 4/30/2021

      Per Common Share
    Management Fees1.15%
    Other Expenses:0.32%
    Baseline Expense: N/A
    Interest Expense:1.08%
    Total: 2.55%
    Fund Management

    Fund Sponsor
    Franklin Templeton Investments

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

    Category: Fixed Income - Taxable-High Yield
    Ticker: HIX
    NAV Ticker: XHGIX
    Average Daily Volume (shares): 224,905
    Average Daily Volume (USD): $1.508M
    Inception Date: 5/22/1998
    Inception Share Price: $15.00
    Inception NAV: $15.00
    Tender Offer: No
    Term: No
    Fiscal Year End: April 30
    Third Party Links & Reports


    As of 6/11/2021

    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 10/31/2020
    Annualized Distribution Rate on NAV:
    As of 6/11/2021
    Total Return on NAV (12 months):
    As of 6/11/2021
    Avg. Portfolio Coupon:
    As of 6/11/2021
    Total % Portfolio Effectively Leveraged:
    As of 6/11/2021

    Pricing Information

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

    As of 6/11/2021

    PeriodAvg Discount
    6 Month-2.74%
    1 Year-4.06%
    3 Year-8.27%
    5 Year-8.00%

    As of 6/11/2021

    3 Month0.29
    6 Month1.02
    1 Year1.43
    Pricing History
    Date NAV Premium / Discount


    Calendar Year Total Returns

    As of 5/31/2021
    Category: Morningstar US CEF High Yield

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    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 5/31/2021
    Category: Morningstar US CEF High Yield

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 6/11/2021
    Average Maturity:
    As of 4/30/2021
    6.28 yrs
    Number of Holdings:
    As of 4/30/2021
    Annual Portfolio Turnover:
    As of 4/30/2021
    Average Bond Price:
    As of 4/30/2021
    Asset Allocation

    As of 4/30/2021 reported by Fund Sponsor

    Top Sectors

    As of 4/30/2021 reported by Fund Sponsor

    Corporate (Super Sector)126.42%
    Corporate Bond114.97%
    Government (Super Sector)14.89%
    Bank Loan3.52%
    Government Related1.45%
    Preferred Stock1.31%
    Securitized (Super Sector)0.54%
    Asset Backed0.54%
    Top Holdings

    As of 4/30/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    DISH DBS Corporation 7.75%$13.52M3.20%
    ALTICE FRANCE S.A 7.38%$13.38M3.17%
    Western Midstream Operating LP 6.5%$12.58M2.98%
    Teva Pharmaceutical Finance Company B.V. 2.95%$10.08M2.38%
    Range Resources Corp. 9.25%$9.24M2.19%
    Delta Air Lines Inc 7%$9.19M2.17%
    Petrobras Global Finance B.V. 5.75%$8.59M2.03%
    Sprint Capital Corporation 8.75%$7.73M1.83%
    Petrobras Global Finance B.V. 6.75%$7.66M1.81%
    Pershing Credit Agreement Loan$-158.00M-37.39%
    Credit Quality

    As of 4/30/2021 reported by Fund Sponsor

    Maturity Breakdown

    As of 4/30/2021 reported by Fund Sponsor

    Country Allocation

    As of 4/30/2021 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income88.00%
    Brazil - Fixed Income5.60%
    Others - Fixed Income5.51%
    France - Fixed Income4.18%
    Israel - Fixed Income3.59%
    Ireland - Fixed Income2.66%
    Switzerland - Fixed Income2.65%
    Mexico - Fixed Income2.64%
    Italy - Fixed Income2.54%
    United Kingdom - Fixed Income2.53%
    Russia - Fixed Income1.88%
    Argentina - Fixed Income1.83%
    Netherlands - Fixed Income1.53%
    Indonesia - Fixed Income1.42%
    China - Fixed Income1.15%
    Turkey - Fixed Income1.14%
    Canada - Fixed Income1.11%
    Germany - Fixed Income1.07%
    Colombia - Fixed Income1.01%
    Peru - Fixed Income0.87%
    Japan - Fixed Income0.51%
    South Africa - Fixed Income0.49%
    United States - Equity0.26%
    Invalid Country - Fixed Income0.00%

    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.


    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.