CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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Western Asset High Yield Defined Opportunity Fund (HYI)

Taxable Bond Funds - High Yield Bond Funds

Data as of Dec. 14, 2018
Market Price $13.55 (- $0.10)
NAV (Dec. 14, 2018) $15.59 (- $0.03)
Premium / Discount -13.09% (-0.47%)
Fund Info
Inception Oct. 27, 2010
Sponsor Legg Mason Partners Fund Advisors
Website https://www.leggmason....
Phone 1-888-777-0102
Objective: High income and will liquidate in September 2025; below investment grade high-yield corporate fixed income securities with varying maturities
Related Indexes
High Yield Bond Index
60/40 Balanced (w/ BDCs) Index
US Bond Index
Capital & Leverage
Outstanding Shares 22,783,369
Total Assets (Reported: May 31, 2018) $378M
Estimated Total Assets $355M
Net Assets $355M
Market Cap $309M
Purchases Turnover 88.33%
Sales Turnover 90.04%
Total Leverage 0.00%
Structural Leverage (out of total) 0.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 0.92%
Non Lev Exp Ratio 0.92%
Rel Lev Cost %
Discount Data
Average Discount (3 Yr) -9.32%
Discount Low(3 Yr) -13.09%
Discount High(3 Yr) -5.83%
Discount Rel Range 0.00%
Comp Discount -2.74
Discount St Dev (1Yr) 0.82
Z-Stat (6mo) -2.62
Z-Stat (1Yr) -2.97
Z-Stat (3Yr) -2.77
Comp Z-Stat (6mo) -1.36
Comp Z-Stat (3Yr) -1.20
Distribution Data
Market Yield 7.84%
Income Yield 7.84%
Lev Adj NAV Yield 6.81%
Distribution Frequency M
Current Distribution $0.089
Current Income $0.089
Ex-Date 12/20/18
Payable Date 12/31/18
Div Growth (3yr) -19.55%
Dividend Change -1.7% on 2/15/18
Expected Div 2/14/19
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2017 2015 - 2017
Income 100% 100%
ST Gains 0% 0%
QDI 4.0% 2.4%
LT Gains 0% 0%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (M) $1,024
Avg Volume 30 day 80,984
Avg Volume 90 day 75,543
Volume Trend 7.20%
Comp Volume Trend -11.79%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's High Yield Bond Index
Most Correlated Peer (Mk Pr): HIO 69.0%
NAV - Price Correlation (30 d) 67.5%
NAV - Price Correlation (90 d) 95.7%
NAV - Price Correlation (1 Yr) 95.6%
Price St Dev (1Yr) 7.4%
NAV St Dev (1Yr) 3.7%
Earnings / Share (8/31/18) $0.088
Earn Coverage 99.66%
Earnings Trend Up
UNII / Share (8/31/18) $-0.100
Rel UNII -9.39
UNII Trend Up
Bond Specific Data
Maturity 6.36
Duration 4.09
Credit Rating (rbo) B
Investment Grade 7.30%
Non Investment Grade 88.60%
Unrated Bonds 4.10%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's High Yield Bond Index


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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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