ISD: Attractive 8%+ Yielding CEF [Seeking Alpha]
Western Asset High Yield Defined Opportunity Fund Inc. (HYI)
US:NYSE Investor Relations:
leggmason.com/en-us/products/closed-end-funds/western-asset-high-yield-defined-opportunity-fund-inc.html
Company Research
Source: Seeking Alpha
Summary ISD is yielding 8.54%, after several boosts over the last year. The latest discount of 8.61% is much less than its 1-year average of -11.56%, this could be explained by a recovering NAV. The discount contraction could also be explained by a changing mandate the fund went through at the beginning of 2019. Co-produced by Stanford Chemist PGIM High Yield Bond Fund ( ISD is similar to Western Asset High Yield Defined Opportunity Fund Inc. ( HYI recently covering HYI ISD "seeks to provide a high level of current income by investing primarily in below-investment-grade fixed income instruments." Also known as high yield or junk bonds. These types of bonds are issued by companies that are smaller and less financially stable relative to their generally larger counterparts. They will tend to be a bit more volatile during periods of panic. However, ISD holds 239 issues as of December 31st, 2019 The fund is a healthy size at about $742 million in total managed assets, composed of $180 mil
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HYI
News
- Western Asset High Yield Defined Opportunity Fund Inc. Announces Financial Position as of February 29, 2024 [Yahoo! Finance]Yahoo! Finance
- Western Asset High Yield Defined Opportunity Fund Inc. Announces Financial Position as of February 29, 2024Business Wire
- HYI: This High-Yielding Junk Bond Fund Could Be A Decent Holding [Seeking Alpha]Seeking Alpha
- Western Asset High Yield Defined Opportunity Fund Inc. (NYSE: HYI) Announces Portfolio Management Team UpdateBusiness Wire
- HIX: Better Valuation After Rights Offering, But Questionable Track Record [Seeking Alpha]Seeking Alpha
HYI
Sec Filings
- 4/25/24 - Form NPORT-P
- 2/13/24 - Form SC
- 2/9/24 - Form 3
- HYI's page on the SEC website