Western Asset High Inc Fund II (HIX)

6.26 +0.01  +0.16% NYSE Jul 6, 20:00 Delayed 2m USD
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Key Stats

Net Asset Value 6.71
Discount or Premium to NAV -6.30%
Turnover Ratio 66.00%
1 Year Fund Level Flows --

Performance & Returns

  Total Return (Price) Total Return (NAV) Cat. Total Return (NAV) % Rank in Cat. (NAV)
1M 4.86% 1.80% 2.03% 40
3M 30.13% 18.70% 15.26% 35
6M -2.55% -6.29% -8.20% 38
YTD -2.26% -6.04% -8.08% 38
1Y -2.42% -2.87% -4.88% 49
3Y 4.21% 2.97% 2.15% 38
5Y 5.93% 4.43% 4.21% 52
10Y 6.05% 7.40% 7.56% 48
15Y 7.01% 6.55% 7.06% 65
20Y 7.89% 8.24% 7.22% 28
As of July 6, 2020. Returns for periods of 1 year and above are annualized.

Asset Allocation

Type % Net % Long % Short
Cash -39.91% 5.49% 45.40%
Stock 0.03% 0.03% 0.00%
Bond 134.0% 134.0% 0.00%
Convertible 5.21% 5.21% 0.00%
Preferred 0.67% 0.67% 0.00%
Other 0.00% 0.00% 0.00%
As of April 30, 2020

Region Exposure

Americas 74.06%
North America 64.70%
Latin America 9.36%
Greater Europe 23.44%
United Kingdom 4.26%
Europe Developed 10.80%
Europe Emerging 3.08%
Africa/Middle East 5.29%
Greater Asia 2.51%
Japan 0.00%
Australasia 0.62%
Asia Developed 0.23%
Asia Emerging 1.66%
Market Classification
% Developed Markets 83.56%
% Emerging Markets 16.44%
As of April 30, 2020. Region breakdown data is calculated by using the long position holdings of the portfolio.

HIX Bond Exposure

Government 10.62%
Corporate 84.86%
Securitized 0.74%
Municipal 0.00%
Cash 2.99%
Derivative 0.78%
As of April 30, 2020

HIX Bond Credit Quality Exposure

AAA 0.00%
AA 3.77%
A 0.00%
BBB 9.20%
BB 40.67%
B 35.09%
Below B 7.97%
Not Rated 3.30%
As of April 30, 2020

HIX 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 0.71%
183 to 364 Days 1.56%
1 to 3 Years 15.70%
3 to 5 Years 20.54%
5 to 7 Years 31.15%
7 to 10 Years 15.62%
10 to 15 Years 6.66%
15 to 20 Years 2.14%
20 to 30 Years 5.56%
Over 30 Years 0.37%
As of April 30, 2020
View More Holdings

Top 10 Holdings

Symbol Name % Weight Price % Chg
-- Pershing Credit Agreement Loan -38.88% -- --
-- ALTICE FRANCE S.A 7.38% 2.79% -- --
-- DISH DBS Corporation 7.75% 2.58% -- --
-- 1011778 BC ULC BCULC TL B 1L USD 2.08% -- --
-- Citigroup Inc. 6.3% 1.96% -- --
-- Petsmart Inc 5.88% 1.91% -- --
-- Teva Pharmaceutical Finance Company B.V. 2.95% 1.81% -- --
-- Western Midstream Operating LP 5.25% 1.68% -- --
-- CCO Holdings, LLC/ CCO Holdings Capital Corp. 5% 1.65% -- --
-- Petrobras Global Finance B.V. 5.75% 1.62% -- --
As of April 30, 2020
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Basic Info

Investment Strategy
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.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style Low Quality/Limited Sensitivity
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name High Yield Bond
Prospectus Objective Corporate Bond - High Yield
Fund Owner Firm Name Legg Mason
Benchmark Index
BBgBarc US Corporate High Yield MV USD 80.00%
JPM EMBI Global TR USD 20.00%
Reports
One Page Report Download

Manager Info

Name Tenure
Christopher Kilpatrick 7.82 yrs
Michael Buchanan 13.51 yrs
S. Leech 14.30 yrs

Net Fund Flows

1M --
3M --
6M --
YTD --
1Y --
3Y --
5Y --
10Y --
Date Unavailable

Risk Info

Beta (5Y) 1.089
Max Drawdown (All) 60.88%
Historical Sharpe Ratio (10Y) 0.3944
Historical Sortino (All) 0.4236
30-Day Rolling Volatility 26.51%
Daily Value at Risk (VaR) 1% (All) 4.12%
Monthly Value at Risk (VaR) 1% (All) 21.15%

Fundamentals

Dividend Yield TTM (7-6-20) 8.31%
30-Day SEC Yield (9-30-10) 9.27%
7-Day SEC Yield (4-17-19) 0.00%
Current Yield 6.18%
Yield to Maturity 6.57%
Effective Duration 4.067
Average Coupon 5.99%
Average Credit Score 15.00 (B)
Average Price 98.71
Number of Holdings 339
As of April 30, 2020

Comparables

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Attributes

Key Dates
Inception Date 5/22/1998
Termination Date
Last Annual Report Date 4/30/2020
Last Prospectus Date 5/28/1998
Attributes
Exchange Traded Share No
Exchange Traded Note No
Enhanced Index Fund No
Fixed Distribution Fund No
High-Net Worth Individual Fund No
Index Fund No
Inverse Fund No
Leveraged Fund Yes
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan Yes
Socially Responsible Fund No
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
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