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 05/31/2026 (Updated Monthly) - $374.91 Million
- Dividend Frequency, if any
- Monthly
- Morningstar Category
- High Yield Bond
- Asset Class
- Fixed Income
Expenses & Fees
- Management Charge
- 1.18%
- Additional Expenses
2 - 0.17%
- Sub Total
As of 05/31/2026 - 1.35%
- Interest Expenses
- 2.72%
- Income Tax Expense
- 0.00%
- Pure Gross Expense Ratio
- 4.07%
Identifiers
- Ticker
- HIX
- NAV Symbol
- XHGIX
- CUSIP Code
- 95766J102
Average Annual Total Returns As of 04/30/2026
- 13.23%1 Year
- 7.80%3 Years
- 0.74%5 Years
- 5.17%10 Years
- 6.61%Since Inception
05/28/1998
Geographic Focus
As of 05/31/2026 - Market Value % of Total (Updated Monthly)
United States65.25% | |
Other5.55% | |
United Kingdom4.64% | |
Canada3.02% | |
Brazil2.17% |
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
- High Yield Funds (Leveraged)
- Investment Style
- Corporate Credit
Trading Characteristics
- Shares Outstanding
- 90,069,708
Manager
About the Team
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
June 4, 2026
May 22, 2026
May 20, 2026
May 13, 2026
Performance
Portfolio
Distributions & Tax
Pricing
Press Releases
Documents
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.
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All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.