(HIO) Western Asset High Income - Ratings and Ratios

The Western Asset High Income Opportunity Closed Fund (NYSE:HIO) is a high-yield bond fund listed on the NYSE, originating from the USA. As a closed-end fund, it is designed to provide investors with a stable income stream by investing in a diversified portfolio of high-yield bonds.

To evaluate the funds performance, we can look beyond the provided data and consider key performance indicators (KPIs) such as the distribution yield, which is a crucial metric for income-focused investors. A higher distribution yield indicates a more attractive income stream. Additionally, the funds expense ratio, which is the cost of managing the funds assets, is another important KPI. A lower expense ratio is generally more desirable as it results in higher net returns for investors.

Other relevant KPIs for HIO include the funds discount to net asset value (NAV), which can indicate whether the fund is trading at a premium or discount to its underlying assets. A discount to NAV may present a buying opportunity, while a premium may indicate overvaluation. Furthermore, the funds credit quality, measured by the average credit rating of its holdings, is essential in assessing the risk profile of the fund. A higher average credit rating generally indicates lower default risk.

By analyzing these KPIs, investors can gain a more comprehensive understanding of HIOs investment potential and make more informed decisions. Its essential to monitor these metrics over time to assess the funds performance and adjust investment strategies accordingly.