HYI: Expensive And Hard To Recommend (Rating Downgrade)

2025-08-28 02:10:37 ET

The Western Asset High Yield Opportunity Fund ( HYI ) is a closed-end fund that aims to provide its investors with a very high level of current income. This is an interesting proposition for many individuals, particularly those who are retired and wish to have some extra income to support themselves in addition to what Social Security or a pension fund provides. After all, the Social Security Administration has stated that the program only replaces about 40% of an individual’s pre-retirement earnings, and many individuals who are retiring today either have an extremely limited pension or do not have one at all. Thus, it is necessary to have some alternative source of income to maintain the lifestyle that an individual has become accustomed to. A high-yielding closed-end fund such as the Western Asset High Yield Opportunity Fund could be one such alternative source of income....

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