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Fixed Income

HYI Western Asset High Yield Opportunity Fund Inc.

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NAV 1 $-0.02(-0.18%)
$10.96
As of 10/05/2026
Market Price 2 $-0.09(-0.92%)
$9.69
As of 10/05/2026
Premium / Discount 3
-11.59%
Distribution Rate at Market Price 4
11.76%

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Overview

Fund Facts

Fund description

Provides a non-leveraged high-yield corporate fixed-income portfolio. Seeks high income, with capital appreciation as a secondary objective. Emphasizes team management and extensive credit research expertise to identify attractively priced securities.

Fund Inception Date
10/28/2010
Total Net AssetsAs of 08/31/2026 (Updated Monthly)
$145.63 Million
Dividend Frequency, if any
Monthly
Morningstar Category5
High Yield Bond
Asset Class
Fixed Income

Expenses & Fees

As of 05/31/2026
7
Management Charge
0.80%
Additional Expenses6
0.47%
Sub Total
1.27%
Interest Expenses
0.00%
Income Tax Expense
0.00%
Pure Gross Expense Ratio
1.27%

Identifiers

Ticker
HYI
NAV Symbol
XHYIX
CUSIP Code
95768B107

Average Annual Total Returns

View performance section for additional info As of 08/31/2026
  • -3.71%1 Year
  • 6.41%3 Years
  • 1.12%5 Years
  • 4.69%10 Years
  • 4.57%Since Inception
    10/27/2010

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. Prior to January 1, 2012, returns based on NAV assume the reinvestment of all distributions at the Dividend Reinvestment Plan Price. 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.

Top Sectors

View portfolio section for additional info

As of 08/31/2026 % of Total (Updated Monthly)

Consumer Cyclical22.57%
Communications18.24%
Energy11.59%
Finance10.56%
Technology9.65%

Additional Fund Info

Listing Exchange
NYSE - XNYS
Fiscal Year End
May 31
Benchmark
Bloomberg U.S. High Yield - 2% Issuer Cap B Component
Additional Benchmark
Bloomberg U.S. High Yield - 2% Issuer Cap Caa Component
Lipper Classification
High Yield Funds
Investment Style
Corporate Credit

Trading Characteristics

Shares Outstanding
12,804,957

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

October 6, 2026

Agency MBS Offer a Compelling Current Opportunity for Reserve Managers

September 16, 2026

September FOMC Recap—Bark Becomes Bite

August 25, 2026

The Reserve Manager Radar: What to Watch as Markets Enter the Final Quarter of 2026

August 21, 2026

US Treasuries—Drawing a Line at the Long End
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Performance

Calendar Year Returns

As of 08/31/2026

Chart
Bar chart with 4 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -16.29 to 31.46.
End of interactive chart.
Western Asset High Yield Opportunity Fund Inc. - Market Price (%)
Western Asset High Yield Opportunity Fund Inc. - NAV (%)
Bloomberg U.S. High Yield - 2% Issuer Cap B Component (%)
Bloomberg U.S. High Yield - 2% Issuer Cap Caa Component (%)

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. Prior to January 1, 2012, returns based on NAV assume the reinvestment of all distributions at the Dividend Reinvestment Plan Price. 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.

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Portfolio

Assets

As of08/31/2026 (Updated Monthly)

Total Assets 8
$152.63 Million
Total Net Assets 8
$145.63 Million

Portfolio Statistics

As of 08/31/2026 (Updated Monthly)

Effective Duration
Fund
2.86 Years
Weighted Average Life
Fund
4.84 Years
Cash Flow
Fund
7.44%

Geographic Allocation

As of 08/31/2026 % of Total (Updated Monthly)

Geography Fund

United States

 76.24%

Canada

 5.07%

United Kingdom

 3.68%

France

 2.13%

Luxembourg

 1.88%

Germany

 1.81%

Other

 1.61%

Israel

 1.60%

Macao

 1.08%

Bahamas

 1.08%

Switzerland

 1.01%

Hong Kong

 0.59%

Republic of Angola

 0.58%

Colombia

 0.56%

Poland

 0.53%

Cash & Cash Equivalents

 0.55%
Chart
Bar chart with 16 bars.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 0.53318 to 76.23698.
End of interactive chart.

Holdings

As of 08/31/2026 (Updated Monthly)

ECHOSTAR CORP 10.​7500% Mat 11/30/2029
PM GENERAL PURCHASER LLC 9.​5000% Mat 10/01/2028
CLOUD SOFTWARE GROUP INC 8.​2500% Mat 06/30/2032
SPRINT CAPITAL CORP 6.​8750% Mat 11/15/2028
LLOYDS BANKING GROUP PLC 8.​0000% Mat 06/27/2175
Viking Cruises LTD 9.​1250% Mat 07/15/2031
ZF NA CAPITAL 6.​8750% Mat 04/23/2032
Teva Phar 5.​125% 05/09/29
CCO Holdi 7.​375% 02/01/36
COMMONWEALTH OF BAHAMAS 6.​9500% Mat 11/20/2029

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.

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Distributions & Tax

Distribution Frequency
MonthlyThis fund is an ex-Dividend fund

Rates and Yields Read important information about results and other investment disclosures

Distribution Rate 4

As of 10/05/2026 (Updated Daily)
At Net Asset Value (NAV) 10.40%
At Market Price 11.76%

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
Distributions with future dates are estimates and those figures are not final

11/20/2026
10/23/2026
09/23/2026
08/24/2026
07/24/2026
06/23/2026
05/21/2026
04/23/2026
03/24/2026
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.

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Pricing

Pricing History

As of 10/05/2026 (Updated Daily)

Chart

Line chart with 2 lines.
The chart has 1 X axis displaying Time. Data ranges from 2010-10-28 00:00:00 to 2026-10-05 00:00:00.
The chart has 1 Y axis displaying [products.performance-value]. Data ranges from 9.69 to 20.14.
End of interactive chart.

Daily Fund Prices

As of 10/05/2026

Share Prices

As of 10/05/2026

NAV  1(Net Asset Value)
$10.96
NAV Change  1
$-0.02
NAV Change (%)  1
-0.18%
Market Price  2
$9.69
Market Price Change  2
$-0.09
Market Price Change (%)  2
-0.92%

52-Week Range

Highest NAV As of 10/06/2025
$12.10
Lowest NAV As of 10/01/2026
$10.95
Highest Market Price
$11.62
Lowest Market Price
$9.69

Premium / Discount

As of 10/05/2026

Avg. of Market Price vs. NAV at Close
-11.59%
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Press Releases

09/30/2026
08/31/2026
08/05/2026
07/31/2026
06/30/2026
05/29/2026
05/14/2026
04/30/2026
04/22/2026
04/17/2026
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Documents

Fund Literature

Factsheet - Western Asset High Yield Opportunity Fund Inc.
Brochure - Closed-End Funds Product Guide

Regulatory Documents

Annual Report - Western Asset High Yield Opportunity Fund Inc
Semi-Annual Report - Western Asset High Yield Opportunity Fund Inc
Policy and Procedures - Audit Committee Charter
Mailed hardcopies unavailable.
Policy and Procedures - Compensation Committee Charter
Mailed hardcopies unavailable.
Policy and Procedures - Nominating Committee Charter February 2024
Mailed hardcopies unavailable.
Nominating Committee Charter
Mailed hardcopies unavailable.
Fiscal Q1 Holdings - Western Asset High Yield Opportunity Fund Inc
Mailed hardcopies unavailable.
Fiscal Q3 Holdings - Western Asset High Yield Opportunity Fund Inc
Mailed hardcopies unavailable.

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.

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.

You need Adobe Acrobat Reader to view and print PDF documents. Download a free version from Adobe's website.

Important data provider notices and terms available at www.franklintempletondatasources.com.

Indexes are unmanaged, and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.

Performance data quoted represents past performance, which does not guarantee future results. 

CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.

The Bloomberg U.S. Corporate High Yield - 2% Issuer Cap Index Caa Component is an index of the 2% Issuer Cap component of the Bloomberg U.S. Corporate High Yield Index and is comprised of Caa-rated securities included in this index.
Source: Bloomberg Indices.

The Bloomberg U.S. Corporate High Yield - 2% Issuer Cap Index B Component is an index of the 2% Issuer Cap component of the Bloomberg U.S. Corporate High Yield Index and is comprised of B-rated securities included in this index.
Source: Bloomberg Indices.

All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.

Footnotes

  1. Net Asset Value (NAV) represents the value of a closed-end fund's underlying holdings per share. NAV is determined by dividing the total net assets of the fund by the number of shares outstanding. The fund calculates the NAV per share each business day normally coinciding with the close of trading on the New York Stock Exchange (NYSE).

  2. Market Price, determined by supply and demand, is the price an investor purchases or sells the fund. The Market Price shown reflects the last trade on the listing exchange at the time that the fund's NAV is calculated.

  3. Premium / Discount reflects the difference between the NAV and the Market Price of the fund, and represents the amount that the fund is trading above or below its NAV, expressed as a percentage of the NAV. 

  4. Distribution Rate is calculated by annualizing the most recent distribution amount paid, divided by the closing market price or NAV as of the date indicated. The Distribution Rate calculation includes income, may include return of capital and excludes special distributions. The Distribution Rate is subject to change and is not guaranteed nor a quotation of fund performance.

  5. ©2026 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

  6. Includes operating and other expenses.

  7. Based on the Fund’s net assets of the common shares, as of the most recent Annual Report. See the Fund’s Annual Report for information on the Fund’s expenses.

  8. The difference between total assets and net assets, if any, is due primarily to the Fund’s use of borrowings and other liabilities; net assets do not include borrowings. The Fund may employ leverage in the form of loans, preferred stock, reverse repurchase agreements and/or other instruments. When the Fund engages in transactions that have a leveraging effect on the Fund’s portfolio, the value of the Fund will be more volatile and all other risks will tend to be compounded. 

  9. Based on the fund’s Net Asset Value (NAV)

  10. Credit Quality is a measure of a bond issuer's ability to repay interest and principal in a timely manner. The credit ratings shown are based on each portfolio security's rating as provided by S&P Global Ratings, Moody's Investors Service and/or Fitch Ratings, Inc. and typically range from AAA (highest) to D (lowest), or an equivalent and/or similar rating. For this purpose, if two or more of the agencies have assigned differing ratings to a security, the lowest rating is used. Securities that are unrated by all three agencies are reflected as such. The credit quality of the investments in the portfolio does not apply to the stability or safety of the portfolio. The methodology used for the calculation of credit quality ratings displayed may differ from the methodology for monitoring investment limits, if applicable. Please note, the portfolio itself has not been rated by an independent rating agency.

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