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Western Asset High Income Fund II (HIX)

Taxable Bond Funds - High Yield Bond Funds

Data as of May 20, 2024
Current
Market Price $4.41 (+ $0.03)
NAV (May 20, 2024) $4.59 ( $0.00)
Fund Listed NYSE
Premium / Discount -3.92% (+0.65%)
Fund Info
Inception May 22, 1998
Sponsor
Website https://www.franklinte...
Phone 1-888-777-0102
NAV Symbol XHGIX
Location New York
Incorporated Maryland (Subject to the Maryland Act)
Staggered Board Yes
Term Date N/A
Objective: Maximize current income; high yield debt securities of U.S. and foreign corporations and governments
Related Indexes
15 Major CEF Sectors Index
High Income Index
High Yield Bond Index
60/40 Balanced (w/ BDCs) Index
Taxable Bond & BDC Index
Capital & Leverage
Outstanding Shares 90,034,960
Total Assets (Reported: Oct. 31, 2023) $430M
Estimated Total Assets $555M
Net Assets $413M
Market Cap $397M
Portfolio Turnover 14.00%
Total Leverage 25.59%
Structural Leverage (out of total) 77.45%
Portfolio Leverage (out of total) 22.55%
Expense Ratio 3.68%
Non Lev Exp Ratio 1.29%
Rel Lev Cost 6.44%
Discount Data
Average Discount (3 Yr) -0.23%
Discount Low(3 Yr) -10.92%
Discount High(3 Yr) 7.94%
Discount Rel Range (3 Yr) 37.12%
Comp Discount 1.58
Discount St Dev (1Yr) 3.47
Z-Stat
Z-Stat (6mo) -0.43
Z-Stat (1Yr) -0.86
Z-Stat (3Yr) -0.93
Comp Z-Stat (6mo) -1.04
Comp Z-Stat (3Yr) -1.17
Distribution Data
Market Yield 13.33%
Income Yield 10.02%
Lev Adj NAV Yield 10.20%
Distribution Frequency M
Current Distribution $0.049
Current Income $0.037
Ex-Date 5/22/24
Payable Date 6/3/24
Div Growth (3yr) 0.00%
Dividend Change 1.0% on 2/19/20
Expected Div 5/20/24
RoC (1yr) 25.49%
RoC (3yr) 14.05%
Tax Dividend Data 2022 2020 - 2022
Income 90.5% 84.7%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 9.5% 15.3%
Volume & Liquidity
Average Daily $ (K) $1,910
Avg Volume 30 day 291,657
Avg Volume 90 day 433,067
Volume Trend -32.65%
Comp Volume Trend -29.27%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
52.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
75.0%
Price Correlation (1yr)
vs. CEFA's High Yield Bond Index
80.0%
Most Correlated Peer (Mk Pr): VLT 73.0%
NAV - Price Correlation (30 d) 74.3%
NAV - Price Correlation (90 d) 64.0%
NAV - Price Correlation (1 Yr) 75.9%
Price St Dev (1Yr) 18.0%
NAV St Dev (1Yr) 8.1%
Earnings
Earnings / Share (1/31/24) $0.037
Earn Coverage 75.10%
Earnings Trend Down
UNII / Share (1/31/24) $-0.167
Rel UNII -37.81
UNII Trend Down
Bond Specific Data
Maturity 8.44
Duration 4.76
Credit Rating (rbo) B
Investment Grade 11.64%
Non Investment Grade 86.05%
Unrated Bonds 2.31%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
1.00
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.93
NAV Beta (2yr)
vs. CEFA's High Yield Bond Index
1.27

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies 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 (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) 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 and business development companies 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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