Western Asset High Yield Defined Opps:HYI

    Manage Alerts

    Overview

    As of 6/11/2021

     Share
    Price
    NAVPremium/
    Discount
    Current$15.50$16.03-3.31%
    52 Wk Avg$14.89$15.67-5.05%
    52 Wk High$15.67$16.09-2.26%
    52 Wk Low$13.77$14.86-11.05%
    Regular Distribution TypeIncome Only
    Distribution Rate7.32%
    Distribution Amount$0.0945
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks high income with capital appreciation as a secondary objective through investments in a portfolio of high yield corporate bonds of varying maturities. Under normal market conditions the Fund will invest at least 80% of its net assets in a portfolio of high-yield corporate fixed income securities rated below investment grade. The Fund may also invest up to 20% of its net assets in fixed income securities issued by U.S or foreign governments, agencies, and instrumentalities and/or fixed income securities that are investment grade quality. The Fund does not intend to utilize leverage. Unless approval to shorten or extend the life of the Fund is granted the Fund will terminate its existence on or about September 30, 2025.

    Capital Structure

    As of 6/11/2021

    Total Investment Exposure:$363.103M
    Total Common Assets:$363.103M
    Common Shares Outstanding:22,651,444
    Annual Expense Ratios

    As of 5/31/2021

      Per Common Share
    Management Fees0.80%
    Other Expenses:0.09%
    Baseline Expense: N/A
    Interest Expense:0.00%
    Total: 0.89%
    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: HYI
    NAV Ticker: XHYIX
    Average Daily Volume (shares): 53,856
    Average Daily Volume (USD): $0.799M
    Inception Date: 10/27/2010
    Inception Share Price: $20.00
    Inception NAV: $19.06
    Tender Offer: No
    Term: Yes
    Fiscal Year End: May 31
    Third Party Links & Reports

    Distributions

    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 11/30/2020
    $0.5032
    Annualized Distribution Rate on NAV:
    As of 6/11/2021
    7.07%
    Total Return on NAV (12 months):
    As of 6/11/2021
    15.82%
    Avg. Portfolio Coupon:
    As of 6/11/2021
    6.55%
    Total % Portfolio Effectively Leveraged:
    As of 6/11/2021
    0.00%

    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-3.74%
    1 Year-5.05%
    3 Year-7.37%
    5 Year-8.01%
    Z-Score

    As of 6/11/2021

    PeriodZStat
    3 Month-0.40
    6 Month0.50
    1 Year1.04
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

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

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD3.52%2.30%10.46%4.01%
    20206.82%4.52%1.13%3.11%
    201927.86%16.08%21.79%13.91%
    2018-6.35%-3.20%-5.54%-2.01%
    20178.57%8.31%9.77%9.23%
    201616.84%16.82%19.94%16.22%
    2015-2.49%-7.47%-4.93%-4.43%
    2014-3.58%-0.40%2.04%2.36%
    20135.42%10.31%2.61%9.80%
    201221.80%22.95%16.41%20.47%
    2011-0.21%-2.12%11.14%4.54%
    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
    6.55%
    Average Maturity:
    As of 4/30/2021
    8.15 yrs
    Number of Holdings:
    As of 4/30/2021
    285
    Annual Portfolio Turnover:
    As of 5/31/2021
    64.00%
    Average Bond Price:
    As of 4/30/2021
    $107.49
    Asset Allocation

    As of 4/30/2021 reported by Fund Sponsor

    Top Sectors

    As of 4/30/2021 reported by Fund Sponsor

    Sector%Portfolio
    Corporate (Super Sector)94.96%
    Corporate Bond88.03%
    Government (Super Sector)4.63%
    Convertible4.07%
    Government4.07%
    Bank Loan2.36%
    Government Related0.57%
    Preferred Stock0.51%
    Cash Equivalents (Super Sector)0.23%
    Cash Equivalents0.23%
    Top Holdings

    As of 4/30/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    DISH DBS Corporation 7.75%$9.13M2.51%
    ALTICE FRANCE S.A 7.38%$8.29M2.28%
    NatWest Group plc 2.52%$6.97M1.92%
    DISH DBS Corporation 5.88%$6.37M1.75%
    Sprint Capital Corporation 6.88%$5.54M1.53%
    Petrobras Global Finance B.V. 6.75%$5.25M1.45%
    CommScope Holdings Co Inc 8.25%$4.64M1.28%
    Teva Pharmaceutical Finance Netherlands III B.V. 2.8%$4.48M1.23%
    Western Midstream Operating LP 6.5%$4.41M1.21%
    Citigroup Inc. 6.3%$4.36M1.20%
    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 Income62.36%
    Brazil - Fixed Income4.28%
    France - Fixed Income3.84%
    United Kingdom - Fixed Income3.40%
    Argentina - Fixed Income2.46%
    Israel - Fixed Income2.43%
    Russia - Fixed Income2.29%
    Others - Fixed Income2.17%
    Ireland - Fixed Income2.02%
    Mexico - Fixed Income1.79%
    Italy - Fixed Income1.54%
    Canada - Fixed Income1.51%
    China - Fixed Income1.14%
    Switzerland - Fixed Income1.09%
    Germany - Fixed Income0.79%
    Indonesia - Fixed Income0.65%
    Colombia - Fixed Income0.57%
    Netherlands - Fixed Income0.39%
    Turkey - Fixed Income0.30%
    United States - Equity0.18%

    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.

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