HIX

WESTERN ASSET HIGH INC II

A closed-end investment fund that pools money to buy high-yield corporate bonds—often called "junk bonds"—from U.S. and foreign companies, aiming to pay shareholders steady monthly income. Launched in 1998 and managed by Western Asset Management, whose roots go back to 1971, the fund was long part of Legg Mason before that firm was folded into Franklin Templeton in 2020. Its shares trade on the New York Stock Exchange under the ticker HIX.

Closed-end management investment company focused on high yield corporate bonds and emerging market debt