CEF Advisors AICA Event NAVigator Podcast

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Western Asset High Income Opportunity Fund (HIO)

Taxable Bond Funds - High Yield Bond Funds

Data as of March 18, 2024
Current
Market Price $3.98 (- $0.01)
NAV (March 18, 2024) $4.25 ( $0.00)
Fund Listed NYSE
Premium / Discount -6.35% (-0.24%)
Fund Info
Inception Oct. 22, 1993
Sponsor
Website https://www.franklinte...
Phone 1-888-777-0102
NAV Symbol XHIOX
Location New York
Incorporated Maryland (Subject to the Maryland Act)
Staggered Board Yes
Term Date N/A
Objective: High current income; high-yielding corporate debt securities
Related Indexes
High Yield Bond Index
60/40 Balanced (w/ BDCs) Index
Taxable Bond & BDC Index
US Bond Index
Capital & Leverage
Outstanding Shares 95,099,215
Total Assets (Reported: Sept. 30, 2023) $401M
Estimated Total Assets $404M
Net Assets $404M
Market Cap $378M
Portfolio Turnover 39.00%
Total Leverage 0.00%
Structural Leverage (out of total) 0.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 0.94%
Non Lev Exp Ratio 0.94%
Rel Lev Cost %
Discount Data
Average Discount (3 Yr) -8.28%
Discount Low(3 Yr) -13.96%
Discount High(3 Yr) -2.22%
Discount Rel Range (3 Yr) 64.82%
Comp Discount -1.03
Discount St Dev (1Yr) 1.55
Z-Stat
Z-Stat (6mo) 1.39
Z-Stat (1Yr) 2.08
Z-Stat (3Yr) 0.69
Comp Z-Stat (6mo) 0.23
Comp Z-Stat (3Yr) 0.42
Distribution Data
Market Yield 10.70%
Income Yield 8.93%
Lev Adj NAV Yield 10.02%
Distribution Frequency M
Current Distribution $0.036
Current Income $0.030
Ex-Date 3/20/24
Payable Date 4/1/24
Div Growth (3yr) 18.33%
Dividend Change 18.3% on 8/2/23
Expected Div 5/20/24
RoC (1yr) 10.56%
RoC (3yr) 11.18%
Tax Dividend Data 2022 2020 - 2022
Income 91.5% 84.8%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 8.5% 15.3%
Volume & Liquidity
Average Daily $ (K) $1,227
Avg Volume 30 day 345,356
Avg Volume 90 day 308,305
Volume Trend 12.02%
Comp Volume Trend 19.71%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
48.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
74.0%
Price Correlation (1yr)
vs. CEFA's High Yield Bond Index
77.0%
Most Correlated Peer (Mk Pr): CIF 82.0%
NAV - Price Correlation (30 d) 42.4%
NAV - Price Correlation (90 d) -35.0%
NAV - Price Correlation (1 Yr) 75.5%
Price St Dev (1Yr) 11.6%
NAV St Dev (1Yr) 6.0%
Earnings
Earnings / Share (12/31/23) $0.029
Earn Coverage 82.82%
Earnings Trend Up
UNII / Share (12/31/23) $-0.055
Rel UNII -15.42
UNII Trend Down
Bond Specific Data
Maturity 6.69
Duration 4.04
Credit Rating (rbo) BB
Investment Grade 21.06%
Non Investment Grade 78.58%
Unrated Bonds 0.37%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.69
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.61
NAV Beta (2yr)
vs. CEFA's High Yield Bond Index
0.83

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CEFData.com makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

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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