Western Asset High Yld Def Opp (HYI)

14.09 -0.10  -0.70% NYSE Jul 2, 20:00 Delayed 2m USD
View Full Chart
Price Chart

Key Stats

Net Asset Value 14.95
Discount or Premium to NAV -5.75%
Turnover Ratio 89.00%
1 Year Fund Level Flows --

Performance & Returns

  Total Return (Price) Total Return (NAV) Cat. Total Return (NAV) % Rank in Cat. (NAV)
1M -0.46% 1.03% 2.03% 70
3M 21.63% 13.43% 15.26% 73
6M -5.87% -5.95% -8.20% 33
YTD -6.11% -5.84% -8.08% 33
1Y -0.31% -2.64% -4.88% 42
3Y 4.92% 2.94% 2.15% 40
5Y 6.23% 3.86% 4.21% 69
10Y -- -- 7.56% --
15Y -- -- 7.06% --
20Y -- -- 7.22% --
As of July 2, 2020. Returns for periods of 1 year and above are annualized.

Asset Allocation

Type % Net % Long % Short
Cash 1.14% 4.14% 3.00%
Stock 0.02% 0.02% 0.00%
Bond 95.59% 95.59% 0.00%
Convertible 2.85% 2.85% 0.00%
Preferred 0.40% 0.40% 0.00%
Other 0.00% 0.00% 0.00%
As of April 30, 2020

Region Exposure

Americas 71.31%
North America 62.41%
Latin America 8.90%
Greater Europe 26.54%
United Kingdom 5.04%
Europe Developed 13.04%
Europe Emerging 3.73%
Africa/Middle East 4.73%
Greater Asia 2.15%
Japan 0.00%
Australasia 0.75%
Asia Developed 0.00%
Asia Emerging 1.39%
Market Classification
% Developed Markets 84.78%
% Emerging Markets 15.22%
As of April 30, 2020. Region breakdown data is calculated by using the long position holdings of the portfolio.

HYI Bond Exposure

Government 5.66%
Corporate 90.05%
Securitized 0.27%
Municipal 0.00%
Cash 1.13%
Derivative 2.90%
As of April 30, 2020

HYI Bond Credit Quality Exposure

AAA 0.00%
AA 0.48%
A 0.00%
BBB 9.40%
BB 34.15%
B 39.42%
Below B 14.78%
Not Rated 1.77%
As of April 30, 2020

HYI 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 0.65%
183 to 364 Days 2.33%
1 to 3 Years 14.17%
3 to 5 Years 22.25%
5 to 7 Years 32.78%
7 to 10 Years 16.84%
10 to 15 Years 2.77%
15 to 20 Years 2.71%
20 to 30 Years 5.12%
Over 30 Years 0.39%
As of April 30, 2020
View More Holdings

Top 10 Holdings

Symbol Name % Weight Price % Chg
-- ALTICE FRANCE S.A 7.38% 2.60% -- --
-- DISH DBS Corporation 7.75% 2.44% -- --
-- Royal Bank of Scotland Group plc 3.77% 1.90% -- --
-- DISH DBS Corporation 5.88% 1.77% -- --
-- Sprint Capital Corporation 6.88% 1.65% -- --
-- Petsmart Inc 5.88% 1.50% -- --
-- ARD Finance S.A. 6.5% 1.48% -- --
-- Petrobras Global Finance B.V. 6.75% 1.40% -- --
-- PETSMART INC PETM TL B2 1L USD 1.35% -- --
-- Teva Pharmaceutical Finance Netherlands III B.V. 2.8% 1.29% -- --
As of April 30, 2020
Advertisement

Basic Info

Investment Strategy
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.
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
Reports
One Page Report Download

Manager Info

Name Tenure
Christopher Kilpatrick 7.74 yrs
Michael Buchanan 9.60 yrs
S. Leech 9.60 yrs

Net Fund Flows

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

Risk Info

Beta (5Y) 0.4939
Max Drawdown (All) 36.03%
Historical Sharpe Ratio (10Y) --
Historical Sortino (All) 0.3362
30-Day Rolling Volatility 22.57%
Daily Value at Risk (VaR) 1% (All) 2.29%
Monthly Value at Risk (VaR) 1% (All) 11.95%

Fundamentals

Dividend Yield TTM (7-2-20) 7.87%
30-Day SEC Yield --
7-Day SEC Yield (4-17-19) 0.00%
Current Yield 6.79%
Yield to Maturity 7.56%
Effective Duration 3.974
Average Coupon 6.58%
Average Credit Score 15.00 (B)
Average Price 96.69
Number of Holdings 286
As of April 30, 2020

Comparables

Edit

Attributes

Key Dates
Inception Date 10/27/2010
Termination Date
Last Annual Report Date 5/31/2019
Last Prospectus Date 10/27/2010
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 No
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
Advertisement

{{root.upsell.info.feature_headline}}.

{{root.upsell.info.feature_description}}

Please note that this feature is only available as an add-on to YCharts subscriptions.


Please note that this feature requires full activation of your account and is not permitted during the free trial period.

Start My Free Trial {{root.upsell.info.call_to_action}} No credit card required.

Already a subscriber? Sign in.