Western Asset High Income II:HIX

    Manage Alerts

    Overview

    As of 3/24/2023

     Share
    Price    		NAVPremium/
    Discount
    Current$4.74$4.671.50%
    52 Wk Avg$5.21$5.27-1.11%
    52 Wk High$6.21$6.257.90%
    52 Wk Low$4.14$4.67-10.92%
    Regular Distribution Type†Income Only
    Distribution Rate12.41%
    Distribution Amount$0.0490
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in high-yield debt securities. In addition, the Fund may invest up to 35% of its total assets in debt securities of issuers located in emerging market countries.

    Capital Structure

    As of 3/24/2023

    Total Investment Exposure:$473.952M
    Total Common Assets:$303.508M
    Common Shares Outstanding:64,991,059
    Leverage

    As of 3/24/2023

    Preferred Share Assets:
    Total Debt (USD): $170.444M
    Regulatory Leverage (USD): $170.444M
    Effective Leverage (USD): $170.444M
    Effective Leverage (%): 35.96%
    Annual Expense Ratios

    As of 4/30/2022

      Per Common Share
    Management Fees1.16%
    Other Expenses:0.13%
    Baseline Expense: N/A
    Interest Expense:0.36%
    Total: 1.66%
    Fund Management

    Fund Sponsor
    Franklin Templeton Investments

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

    Basics
    Category: Fixed Income - Taxable-High Yield
    Ticker: HIX
    NAV Ticker: XHGIX
    Average Daily Volume (shares): 235,769
    Average Daily Volume (USD): $1.227M
    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

    Distributions

    As of 3/24/2023

    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.

    to
    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 10/31/2022    		 $0.2553
    Annualized Distribution Rate on NAV:
    As of 3/24/2023    		12.59%
    Total Return on NAV (12 months):
    As of 3/24/2023    		-11.85%
    Avg. Portfolio Coupon:
    As of 3/24/2023    		 5.95%
    Total % Portfolio Effectively Leveraged:
    As of 3/24/2023     		35.96%

    Pricing Information

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

    As of 3/27/2023

    PeriodAvg Discount
    6 Month0.57%
    1 Year-1.11%
    3 Year-2.24%
    5 Year-5.45%
    Z-Score

    As of 3/24/2023

    PeriodZStat
    3 Month-1.20
    6 Month0.18
    1 Year0.51
    Pricing History
     from  
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 2/28/2023
    Category: Morningstar US CEF High Yield

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD12.85%3.56%6.13%2.84%
    2022-24.51%-19.75%-15.67%-10.18%
    202113.14%3.07%18.38%9.49%
    202012.43%6.52%1.13%3.11%
    201927.27%19.19%21.79%13.91%
    2018-9.95%-5.77%-5.54%-2.01%
    20177.15%9.61%9.77%9.23%
    201625.43%21.61%19.94%16.22%
    2015-15.04%-9.02%-4.93%-4.43%
    20141.00%-1.13%2.04%2.36%
    20133.06%11.34%2.61%9.80%
    201211.09%24.34%16.41%20.47%
    201114.64%1.79%11.14%4.54%
    201015.24%20.90%  
    2009114.21%83.52%  
    2008-41.96%-43.66%  
    2007-0.61%-0.07%  
    200620.84%12.53%  
    2005-9.93%6.19%  
    20043.39%16.91%  
    200349.15%41.63%  
    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 2/28/2023
    Category: Morningstar US CEF High Yield

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 3/24/2023    		5.95%
    Number of Holdings:
    As of 1/31/2023    		260
    Annual Portfolio Turnover:
    As of 4/30/2022    		55.00%
    Average Bond Price:
    As of 1/31/2023    		$89.48
    Asset Allocation

    As of 1/31/2023

    Top Sectors

    As of 1/31/2023

    Sector%Portfolio
    Corporate Bond113.44%
    Corporate (Super Sector)78.30%
    Government (Super Sector)13.95%
    Government12.46%
    Convertible1.89%
    Government Related1.49%
    Future Forward-0.06%
    Derivative (Super Sector)-0.06%
    Cash Equivalents (Super Sector)-2.44%
    Cash Equivalents-2.44%
    Top Holdings

    As of 1/31/2023

    HoldingValue% Portfolio
    CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.25%$10.48M3.02%
    Western Midstream Operating LP 5.5%$9.82M2.83%
    Global Aircraft Leasing Co Ltd 6.5%$8.09M2.33%
    Delta Air Lines Inc 7%$8.03M2.31%
    Mexico (United Mexican States) 7.75%$7.98M2.30%
    Banco Mercantil del Norte S.A. 6.625%$7.52M2.16%
    J.B. Poindexter & Co., Inc. 7.125%$6.98M2.01%
    Teva Pharmaceutical Finance Netherlands III B.V. 5.125%$6.83M1.96%
    American Airlines Group Inc 3.75%$6.80M1.96%
    Pershing Credit Agreement Loan$-130.00M-37.41%
    Credit Quality

    As of 1/31/2023

    Maturity Breakdown

    As of 1/31/2023

    Country Allocation

    As of 1/31/2023

    Country% Portfolio
    United States - Fixed Income34.14%
    Others - Fixed Income9.72%
    United Kingdom - Fixed Income7.79%
    France - Fixed Income6.36%
    Mexico - Fixed Income5.44%
    Switzerland - Fixed Income5.34%
    Italy - Fixed Income4.77%
    China - Fixed Income3.45%
    Argentina - Fixed Income3.13%
    Brazil - Fixed Income2.96%
    Israel - Fixed Income2.96%
    Germany - Fixed Income2.21%
    Ireland - Fixed Income2.04%
    Colombia - Fixed Income1.79%
    Netherlands - Fixed Income1.48%
    Turkey - Fixed Income1.34%
    Sweden - Fixed Income1.20%
    Greece - Fixed Income0.70%
    Peru - Fixed Income0.64%
    New Zealand - Fixed Income0.38%
    Russia - Fixed Income0.26%
    United States - Equity0.00%

    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.

    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-2036301PR-E0222X

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