Western Asset High Income Opp (HIO)

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5.34 +0.02  +0.38% NYSE Apr 1, 4:59PM BATS Real time Currency in USD
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HIO Description

Western Asset High Income Opp is a long only fund managed by Legg Mason that tracks the Barclays US Corporate High Yield TR USD index and has 504.64M USD assets under management. The fund has a net expense ratio of 0.88%, turns over its positions 37.00% per year, and is traded on the New York Stock Exchange.

HIO Key Info

Expense Ratio (9-30-14) 0.88%
Assets Under Management (3-31-15) 504.64M
30-Day Average Volume (3-31-15) 364284.2
Net Asset Value (3-31-15) 6.03
Discount or Premium to NAV (3-31-15) -11.77%
Turnover Ratio (9-30-14) 37.00%

HIO Asset Allocation

Type % Net % Long % Short
Cash 2.77% 2.77% 0.00%
Stock 2.44% 2.44% 0.00%
Bond 91.08% 91.08% 0.00%
Convertible 0.19% 0.19% 0.00%
Preferred 2.99% 2.99% 0.00%
Other 0.53% 0.53% 0.00%
As of Dec. 31, 2014

HIO Region Exposure

Americas 81.05%
North America 79.31%
Latin America 1.75%
Greater Europe 17.36%
United Kingdom 3.48%
Europe Developed 13.39%
Europe Emerging 0.11%
Africa/Middle East 0.39%
Greater Asia 1.58%
Japan 0.00%
Australasia 1.19%
Asia Developed 0.00%
Asia Emerging 0.40%
Market Classification
% Developed Markets 98.60%
% Emerging Markets 1.40%
As of Dec. 31, 2014
Region breakdown data is calculated by using the long position holdings of the portfolio.

HIO Stock Sector Exposure

Basic Materials 0.81%
Communication Services 0.00%
Consumer Cyclical 13.56%
Consumer Defensive 0.00%
Energy 25.82%
Financial Services 49.98%
Healthcare 0.00%
Industrials 9.83%
Real Estate 0.00%
Technology 0.00%
Utilities 0.00%
As of Dec. 31, 2014

HIO Bond Maturity Exposure

1 to 7 Days 0.00%
8 to 30 Days 0.00%
31 to 90 Days 0.00%
91 to 182 Days 0.00%
183 to 364 Days 0.00%
1 to 3 Years 7.22%
3 to 5 Years 25.69%
5 to 7 Years 35.07%
7 to 10 Years 23.23%
10 to 15 Years 4.17%
15 to 20 Years 2.74%
20 to 30 Years 0.88%
Over 30 Years 1.01%
As of Dec. 31, 2014

HIO Stock Market Capitalization

Giant 1.03%
Large 0.28%
Medium 0.00%
Small 0.00%
Micro 0.10%
As of Dec. 31, 2014

HIO Fixed Income Sector Exposure

Government 2.80%
Corporate 92.62%
Securitized 1.63%
Municipal 0.00%
Cash 2.87%
Derivative 0.08%
As of Dec. 31, 2014

HIO Bond Credit Quality Exposure

AAA 0.00%
AA 0.00%
A 0.21%
BBB 4.87%
BB 17.36%
B 43.14%
Below B 27.17%
As of Dec. 31, 2014
View More Holdings

HIO Top 10 Holdings

Name % Weight Price Chg %
Gmac Cap Tr I Pfd 1.16% -- --
Sprint Cap 8.75% 1.06% -- --
Intl Lease Fin 8.875% 0.97% -- --
Aes Red Oak 9.2% 0.94% -- --
Sanchez Engy 144A 6.125% 0.89% -- --
Windstream 7.5% 0.88% -- --
Halcon Res 8.875% 0.88% -- --
Tennessee Gas Pipe 8.375% 0.88% -- --
Credit Suisse New York Branch 144A FRN 0.79% -- --
Landrys 144A 9.375% 0.78% -- --
As of Dec. 31, 2014
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HIO Basic Info

Style
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Prospectus Objective Corporate Bond - High Yield
Fund Owner Firm Name Legg Mason
Benchmark Index
Barclays US Corporate High Yield TR USD 100.0%
Key Dates
Inception Date 10/22/1993
Last Annual Report Date 9/30/2014
Last Prospectus Date 9/30/2014
Attributes
Exchange Traded Share No
Exchange Traded Note No
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan Yes
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available RRSP No

HIO Manager Info

Name Tenure
Detlev Schlichter 7.24 yrs
Keith Gardner 7.24 yrs
Kenneth Leech 8.25 yrs
Michael Buchnan 8.25 yrs
Stephen Walsh 8.25 yrs

HIO Risk Info

Beta 0.3949
30 Day Average Volatility 6.72%

HIO Fundamentals

General
Dividend Yield TTM (4-1-15) 6.65%
Forecasted Dividend Yield 1.97%
Stock
Weighted Average PE Ratio 13.94
Weighted Average Price to Sales Ratio 0.2691
Weighted Average Price to Book Ratio 1.013
Weighted Median ROE 10.62%
Weighted Median ROA 0.68%
Forecasted PE Ratio 9.993
Forecasted PS Ratio 1.176
Forecasted Price to Book Value 0.9592
Number of Holdings 10.00
Bond
Duration, Average Coupon 8.17%
Average Credit Score 16.00
Number of Holdings 337.00
As of Dec. 31, 2014

HIO Performance

  Returns Total Returns
1M -1.11% -0.45%
3M -0.56% 1.44%
6M -7.77% -4.08%
1Y -11.74% -4.86%
3Y -13.31% 8.81%
5Y -16.04% 25.56%
As of March 31, 2015

HIO Flows

1M -0.001
3M -4.798M
6M -11.24M
YTD -0.001
1Y -25.71M
3Y -89.04M
5Y -161.70M
As of Jan. 31, 2012
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