HIX: Continued NAV Destruction Makes It Hard To Recommend This High-Yielding Fund

2025-07-28 03:57:52 ET

The Western Asset High Income Fund II ( HIX ) is a closed-end fund that invests in a portfolio of both domestic and foreign junk bonds with the goal of providing its investors with a very high level of current income. The fund's website states that the fund:

Offers a leveraged portfolio of high-yield corporate debt securities from both the U.S. and non-U.S. corporations, with strategic allocations to emerging markets and derivatives.

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