(HIO) Western Asset High Income - Ratings and Ratios
Bonds, High-Yield, Debt, Fixed-Income
Description: HIO Western Asset High Income October 25, 2025
Western Asset High Income Opportunity Closed Fund (NYSE:HIO) is a U.S.-based closed-end fund that invests primarily in high-yield (below-investment-grade) corporate bonds, positioning itself as a high-yield bond fund.
As of the most recent filing, HIO reported a distribution yield around 7.5%, a weighted-average maturity of roughly 5 years, and a credit composition dominated by BB-rated issuers, reflecting moderate credit risk. The fund’s expense ratio sits near 0.75%, and its assets under management are approximately $1.2 billion. Key drivers of performance include Federal Reserve interest-rate policy, which influences both the level of high-yield spreads and the fund’s reinvestment opportunities, and macro-economic trends in sectors such as energy and consumer discretionary that historically dominate the high-yield universe.
For a deeper, data-rich analysis of HIO’s risk-adjusted returns and scenario testing, you might explore the fund’s profile on ValueRay, where interactive tools can help you quantify these drivers yourself.
HIO Fund Overview
| Market Cap in USD | 413m |
| Style | High Yield Bond |
| TER | 0.91% |
| IPO / Inception | 1993-10-22 |
HIO Fund Ratings
| Growth Rating | 65.1% |
| Fundamental | - |
| Dividend Rating | 76.9% |
| Return 12m vs S&P 500 | -9.68% |
| Analyst Rating | - |
HIO Dividends
| Dividend Yield 12m | 12.29% |
| Yield on Cost 5y | 15.06% |
| Annual Growth 5y | 2.33% |
| Payout Consistency | 90.6% |
| Payout Ratio | % |
HIO Growth Ratios
| Growth Correlation 3m | -35.9% |
| Growth Correlation 12m | 78.6% |
| Growth Correlation 5y | 45% |
| CAGR 5y | 11.44% |
| CAGR/Max DD 3y (Calmar Ratio) | 0.86 |
| CAGR/Mean DD 3y (Pain Ratio) | 4.16 |
| Sharpe Ratio 12m | -0.30 |
| Alpha | -6.51 |
| Beta | |
| Volatility | 14.19% |
| Current Volume | 401.3k |
| Average Volume 20d | 443.5k |
| Stop Loss | 3.6 (-5.3%) |
| Signal | -0.06 |
What is the price of HIO shares?
Over the past week, the price has changed by -1.55%, over one month by +0.41%, over three months by -1.12% and over the past year by +7.41%.
Is Western Asset High Income a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of HIO is around 4.02 USD . This means that HIO is currently overvalued and has a potential downside of 5.79%.
Is HIO a buy, sell or hold?
What are the forecasts/targets for the HIO price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 4.5 | 17.9% |
HIO Fundamental Data Overview November 04, 2025
Beta = None
Revenue TTM = 0.0 USD
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 412.7m USD (412.7m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 412.7m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 412.7m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 8.36% (E(412.7m)/V(412.7m) * Re(8.36%) + (debt-free company))
Discount Rate = 8.36% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)
Additional Sources for HIO Fund
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle