Western Asset High Income Opportunity Fund Inc.
HIO
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Kenneth Donald Fuller
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 280 Park Avenue New York City NY United States of America 10017
- IPO Date
- Nov 16, 1993
- CIK
- 0000910068
- Similar Companies
- Business
- Western Asset High Income Opportunity Fund Inc. (NYSE: HIO) operates as a diversified closed-end management investment company focused on delivering high current income, with capital appreciation as a secondary objective. The fund invests primarily in high-yield corporate debt securities, including below-investment-grade bonds, preferred stocks, and up to 20% in common stock equivalents such as options, warrants, and rights; its portfolio emphasizes junk bonds across sectors like capital goods, transportation, basic industry, utilities, and emerging markets government debt, while employing leverage and maintaining an average duration of around four years with a B credit quality profile. Additional holdings encompass emerging-market sovereign and corporate bonds, bank loans, mortgage- and asset-backed securities, enabling flexible shifts among U.S., European, and emerging-market debt markets based on relative value and income potential. Managed by Franklin Templeton Fund Adviser, LLC, with sub-advisory from Western Asset Management Company—an affiliate of Franklin Resources, Inc., headquartered in Pasadena, California—the fund leverages a team-based approach combining bottom-up credit research, macroeconomic analysis, and interest-rate positioning. Western Asset High Income Opportunity Fund Inc. was formed on November 16, 1993, and is domiciled in the United States with principal executive offices at One Madison Avenue, 17th Floor, New York, New York 10010. It trades on the New York Stock Exchange and benchmarks performance against the Barclays Capital U.S. Corporate High Yield 2% Issuer Cap Index, targeting institutional and retail investors seeking income-oriented fixed-income exposure. In recent developments, the fund announced its financial position as of June 30, 2025, reflecting ongoing portfolio management amid fixed-income market dynamics. Franklin Templeton Fund Adviser, LLC declared monthly distributions for December 2024 through February 2025, underscoring the fund's commitment to high current income. No major acquisitions, funding rounds, or strategic alliances were reported in the past 1-2 years, with operations continuing under the Franklin Templeton umbrella following prior affiliations with Legg Mason Partners Fund Advisor, LLC.