Western Asset High Income Opp (NYSE:HIO)

Investment trust
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This investment trust can be held in
Trading AccountISAJISASIPP

Trust Info

  • Market Cap$493.565m
  • OCF-
  • AIC sector-
  • Manager GroupFranklin Templeton
  • Currency
  • ISINUS95766K1097

Investment Strategy

Seeks high current income with capital appreciation as a secondary objective. Invests at least 65% of its assets in high-yielding non-investment grade corporate bonds, debentures and notes of U.S. issuers. Up to 35% of its assets may be invested in common stock or other equity-related securities. It may invest a small portion of its portfolio in loan participations, warrants and repurchase agreements. Effective 01-Jun-07,The Fund can use a variety of derivative instruments for investment purposes as well as hedging or risk-management purposes. Effective 17-Sep-07, the Fund is allowed to invest more than 10% of its assets in bonds rated below B by more than one rating agency; the Fund is also allowed to invest in Dollar Roll transaction, which would add more leverage to the Fund.

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