Western Asset High Income Fund II Inc. - Market Price (%)
Month End
As of 11/30/2025
Fixed Income
HIX Western Asset High Income Fund II Inc.
Popular Documents
Overview
Fund Facts
Fund description
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. Seeks high current income with capital appreciation as a secondary objective. Emphasizes team management and extensive credit research expertise to identify attractively priced securities.
- Fund Inception Date
- 05/28/1998
- Total Net Assets
As of 12/31/2025 (Updated Monthly) - $387.40 Million
- Dividend Frequency, if any
- Monthly
- Morningstar Category
5 - High Yield Bond
- Asset Class
- Fixed Income
Identifiers
- Ticker
- HIX
- NAV Symbol
- XHGIX
- CUSIP Code
- 95766J102
Average Annual Total Returns As of 11/30/2025
- 8.76%1 Year
- 6.03%3 Years
- 1.76%5 Years
- 6.05%10 Years
- 6.67%Since Inception
05/28/1998
Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the figures shown.
Geographic Focus
As of 12/31/2025 - Market Value % of Total (Updated Monthly)
United States62.78% | |
United Kingdom4.91% | |
Other4.44% | |
Canada4.36% | |
Cayman Islands2.15% |
Additional Fund Info
- Listing Exchange
- NYSE - XNYS
- Fiscal Year End
- April 30
- Benchmark
- 80% Bloomberg HY (2% constrained), 20% JPM EMBI Global
- Additional Benchmark
- Bloomberg U.S. Corporate High Yield - 2% Issuer Cap Index
- Additional Benchmark
- JP Morgan Emerging Markets Bond Index Global
- Lipper Classification
- N/A
- Investment Style
- Corporate Credit
Trading Characteristics
- Shares Outstanding
- 90,069,708
- Daily Volume
- 139,953
Manager
About the Team
Western Asset
Western Asset Management is one of the world's leading global fixed income managers. Founded in 1971, the firm is known for team management and proprietary research, supported by robust risk management and a long-term fundamental value approach.
Latest Insights
January 6, 2026
December 15, 2025
October 30, 2025
October 30, 2025
Performance
Average Annual Total Returns
As of 11/30/2025
Selected Month November 2025
Western Asset High Income Fund II Inc. - NAV (%)
Month End
As of 11/30/2025
80% Bloomberg HY (2% constrained), 20% JPM EMBI Global (%)
Month End
As of 11/30/2025
Bloomberg U.S. Corporate High Yield - 2% Issuer Cap Index (%)
Month End
As of 11/30/2025
JP Morgan Emerging Markets Bond Index Global (%)
Month End
As of 11/30/2025
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Returns based on Market Price or NAV, and assume the reinvestment of all distributions at the Dividend Reinvestment Plan Price or NAV, respectively. Returns include the deduction of management fees, operating expenses and all other fund expenses, and do not reflect the deduction of brokerage commissions or taxes that investors may pay on distributions or the sale of shares. Returns for periods of less than one year are not annualized.
Portfolio
Assets
As of11/30/2025 (Updated Monthly)
- Total Assets
8 - $576.87 Million
- Loans
- 27.22%
- Reverse Repurchase Agreements
- 5.17%
- Total Net Assets
8 - $390.04 Million
Positions
As of 11/30/2025 (Updated Monthly)
Number of Holdings
- Fund
- 418
Portfolio Statistics
As of 11/30/2025 (Updated Monthly)
Weighted Average Life
- Fund
- 8.09 Years
- Fund
- 4.71 Years
- Fund
- 9.30%
Geographic Allocation
As of 12/31/2025 - Market Value % of Total (Updated Monthly)
| Geography | Fund |
|---|---|
United States | 62.78% |
United Kingdom | 4.91% |
Other | 4.44% |
Canada | 4.36% |
Cayman Islands | 2.15% |
Brazil | 2.11% |
France | 1.67% |
Luxembourg | 1.64% |
Israel | 1.42% |
Germany | 1.32% |
Jersey Islands | 1.24% |
Italy | 1.18% |
Mexico | 1.15% |
Colombia | 1.10% |
Argentina | 1.10% |
South Africa | 1.06% |
Macao | 0.97% |
Turkiye | 0.88% |
Netherlands | 0.77% |
Dominican Republic | 0.65% |
Bahamas | 0.57% |
Ivory Coast | 0.56% |
Egypt | 0.56% |
Switzerland | 0.55% |
Chile | 0.42% |
Japan | 0.16% |
United Arab Emirates | 0.15% |
Saudi Arabia | 0.12% |
Philippines | 0.03% |
China | 0.00% |
Cash & Cash Equivalents | -0.02% |
Holdings
As of 11/30/2025 (Updated Monthly)
CARNIVAL PLC 1.0000% Mat 10/28/2029
Western Midstream Operating LP 5.2500% Mat 02/01/2050
SPRINT CAPITAL CORP 8.7500% Mat 03/15/2032
VENTURE GLOBAL LNG INC 9.0000% Mat 03/30/2173
FIRST QUANTUM MINERALS LTD 8.0000% Mat 03/01/2033
PETROBRAS INTL FIN CO 6.7500% Mat 01/27/2041
CONNECT FINCO SARL/CONNE 9.0000% Mat 09/15/2029
ECHOSTAR CORP 10.7500% Mat 11/30/2029
LLOYDS BANKING GROUP PLC 8.0000% Mat 06/27/2174
BNP PARIBAS -144A 7.7500% Mat 02/16/2173
Portfolio holdings are based on total portfolio, and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security. Any negative allocations or allocations in excess of 100% are primarily due to unsettled trade activities.
Derivatives, such as options and futures, which can be illiquid, may disproportionately increase losses and have a potentially large impact on Fund performance.
Distributions & Tax
- Distribution Frequency
- MonthlyThis fund is an ex-Dividend fund
Rates and Yields
Distribution Rate
At Net Asset Value (NAV) 13.61%
At Market Price 14.07%
Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.
Distributions Per Share
02/20/2026
01/23/2026
Annually, a fund must distribute all realized capital gains net of realized losses, so the fund will not be subject to an entity level income tax. A fund’s capital gain distribution in a particular year may be a result of the disposition of holdings that appreciated in value during prior years. Thus, while the fund may gain or lose value over the course of a year, a capital gain distribution paid by the fund may not be indicative of current performance of the fund.
The distributable amount of net capital gains are paid on a per-share basis to all investors who hold shares of the fund on the record date of the distribution and are recognized by the shareholder for tax purposes as of the ex-date of the distribution, regardless of when the gains or losses arose in the fund. Net gains on holdings held long term by the fund would be distributed to shareholders as a long-term capital gain distribution no matter how long the shareholder has owned shares in the fund.
Refer to the fund’s annual report for specific information regarding distributions.
Pricing
Pricing History
As of 01/09/2026 (Updated Daily)
Daily Fund Prices
As of 01/09/2026
Share Prices
As of 01/09/2026
52-Week Range
- Highest NAV
- $4.50
- Lowest NAV
- $4.18
- Highest Market Price
- $4.41
- Lowest Market Price
- $3.75
Premium / Discount
As of 01/09/2026
- Avg. of Market Price vs. NAV at Close
- -3.24%
Press Releases
12/31/2025
12/01/2025
11/20/2025
11/03/2025
10/01/2025
09/22/2025
09/22/2025
09/02/2025
08/06/2025
08/01/2025
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Western Asset High Income Fund II Inc. | |||
| Closed-End Funds Product Guide | |||
| Investment Highlights - Western Asset US High Yield Sector |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - Western Asset High Income Fund II Inc HIX | |||
| Semi-Annual Report - Western Asset High Income Fund II Inc HIX | |||
| Policy and Procedures - Audit Committee Charter | |||
| Policy and Procedures - Compensation Committee Charter | |||
| Policy and Procedures - Nominating Committee Charter February 2024 | |||
| HIX - Section 19 Notice as of May 29, 2015 | |||
| Nominating Committee Charter | |||
| Fiscal Q1 Holdings - Western Asset High Income Fund II Inc HIX | |||
| Fiscal Q3 Holdings - Western Asset High Income Fund II Inc HIX |
Risks
All investments involve risks, including possible loss of principal. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls. Low-rated, high-yield bonds are subject to greater price volatility, illiquidity and possibility of default. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. Leverage increases the volatility of investment returns and subjects investments to magnified losses and a decline in value.
Important Information
The Closed-End Funds are not sold or distributed by Franklin Distributors, LLC. (FD, LLC) or any Franklin Templeton affiliated companies. Unlike open-end funds, shares are not continually offered. Like other public companies, closed-end funds have a one-time initial public offering, and once their shares are first issued, are generally bought and sold through non-affiliated broker/dealers and trade on nationally recognized stock exchanges. Share prices will fluctuate with market conditions and, at the time of sale, may be worth more or less than your original investment. Shares of exchange-traded closed-end funds may trade at a discount or premium to their original offering price, and often trade at a discount to their net asset value. Investment return, market price and net asset value will fluctuate with changes in market conditions. The Funds are subject to investment risks, including the possible loss of principal invested.
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
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Indexes are unmanaged, and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
The JP Morgan EMBI Index tracks total returns for U.S. dollar-denominated debt instruments issued by emerging market sovereign and quasi-sovereign entities: Brady bonds, loans, Eurobonds and local market instruments.
Source: JP Morgan.
The 80% Bloomberg HY (2% constrained), 20% JPM EMBI Global blended index consists of 80% Bloomberg U.S. Corporate High Yield - 2% Issuer Cap Index and 20% JPMorgan EMBI (Emerging Markets Bond Index) Global.
The Bloomberg U.S. Corporate High Yield - 2% Issuer Cap Index measures the performance of U.S. dollar-denominated, non-investment-grade, fixed-rate, taxable corporate bond market. The Index limits the maximum exposure to any one issuer to 2%.
Source: Bloomberg Indices.
All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.