HIX - Western Asset High Income Fund II
A closed-end fund run by Western Asset. Invests in high-yield bonds. Listed on the New York Stock Exchange.
Is anyone targeting this fund?
Not right now - Sit Investment was in this fund until Oct 3, 2024 and has since sold down.
Is the fund doing anything you need to act on?
Nothing right now.
What this means for you
Sit Investment owned more than 5% of this fund and has since sold down below that level, so it no longer has to report its holding.
Nothing is required of you. If a large investor buys in again, the notice appears here the day it is filed.
What happened, and when
-
April 23, 2026
The fund said it may sell new shares.
Original document → -
Sept 26, 2025
The fund said it may sell new shares.
Original document → -
Sept 19, 2025
The fund said it may sell new shares.
Original document → -
March 21, 2025
The fund said it may sell new shares.
Original document → -
Jan 10, 2025
The fund said it may sell new shares.
Original document →
Show all 8 events
-
Nov 21, 2024
The fund said it may sell new shares.
Original document → -
Oct 3, 2024
Sit Investment sold down below 5% and stopped reporting.
Original document → -
April 4, 2024
Sit Investment now owns 10.5%, as a passive investor.
Original document →
About this fund
- Run by Western Asset. At its last yearly report (April 30, 2026) the fund was run by Franklin Templeton Fund Adviser, LLC. As of April 30, 2026, from the fund's yearly report. Original document →
- Size: about $377 million of holdings, as of April 30, 2026. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
- Borrowing: the fund borrows about 33% on top of its own money, as of April 30, 2026. Borrowed money makes gains and losses bigger. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
- Costs: 1.2% a year in management fees; 3.8% a year in total, including interest on borrowed money. Fiscal year ended April 30, 2026. As of April 30, 2026, from the fund's yearly report. Original document →
- Payouts: last fiscal year (ended April 30, 2026) the fund paid $0.59 a share. $0.32 of that was income; $0.27 was your own money back, not income. As of April 30, 2026, from the fund's annual report. Original document →
- Value of holdings per share at the last fiscal year end (April 30, 2026): $4.18. The shares traded at $4.02, about 3.8% below that.
As of April 30, 2026, from the fund's yearly report. Original document →
Over the last two years the gap ranged from 10.3% below to 0% above. As of April 30, 2026, from the fund's annual report. Original document → - How the holdings did: down 1.7% over the last three months we have (Feb-April 2026), before the share price is taken into account. Over the last 12 months: +13.2%. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
- How the holdings did over the fiscal year (ended April 30, 2026): the value of the holdings returned +12.4%. How the share price did: the shares returned +13.2% over the same year, counting payouts and the change in the market price. As of April 30, 2026, from the fund's annual report. Original document →
- First reported to the regulator in 1998.
+25%-1%
May 2024April 2026
What the fund holds
Mostly bonds (83%), the rest loans and asset-backed bonds. About 63% issued in the U.S.
- Carnival PLC, Ccl 1 10/28/29 - 2%
- Venture Global Lng, VENLNG V9 PERP 144a - 1.9%
- Western Midstream Operating LP, Wes 5.25 02/01/50 - 1.7%
- Sprint Capital, S 8.75 03/15/32 - 1.6%
- First Quantum Minerals, Fmcn 8 03/01/33 144A - 1.6%
- Michaels Companies, Mik 11 03/15/34 144A - 1.5%
- Petrobras Global Finance Bv, Petbra 6.75 01/27/41 - 1.5%
- Connect Finco Sarl / Connect US Finco LLC, Isatln 9 09/15/29 144A - 1.5%
- Echostar, Sats 10.75 11/30/29 . - 1.5%
- 1261229 B.C., Bhccn 10 04/15/32 144A - 1.4%
Show all 24
- Pm General Purchaser LLC, Amgene 9.5 10/01/28 144A - 1.4%
- Cco Holdings LLC / Cco Holdings Capital, Chtr 7.375 02/01/36 144A - 1.3%
- Lloyds Banking Group PLC, Lloyds V8 Perp - 1.2%
- BNP Paribas SA, BNP V7.75 Perp 144A - 1.2%
- Petroleos Mexicanos SA de Cv, Pemex 6.375 01/23/45 - 1.2%
- Corecivic, Cxw 8.25 04/15/29 - 1.1%
- Williams Companies, Wmb 5.75 06/24/44 - 1%
- American Airlines, Aal 7.25 02/15/28 144A - 1%
- Full House Resorts, Fll 8.25 02/15/28 144A - 1%
- Arcelormittal SA, Mtna 7 10/15/39 - 0.9%
- Granite Ridge Resources, Grnt 8.875 11/05/29 - 0.9%
- Cloud Software Group, Tibx 8.25 06/30/32 144A - 0.9%
- Core Scientific Finance I LLC, Corz 7.75 05/15/31 144A - 0.9%
- Vale Overseas, Valebz 6.875 11/21/36 - 0.9%
As of April 30, 2026, from the fund's quarterly holdings report. Original document →
Details: all notices, events and fund facts
| Date | Investor | Stake | Type of notice |
|---|---|---|---|
| Oct 3, 2024 | Sit Investment | 2.9% | Sold down below 5% |
| April 4, 2024 | Sit Investment | 10.5% | Passive investor |
| Date | What | Deadline | Document |
|---|---|---|---|
| April 23, 2026 | May sell new shares | none | Original document → |
| Sept 26, 2025 | May sell new shares | none | Original document → |
| Sept 19, 2025 | May sell new shares | none | Original document → |
| March 21, 2025 | May sell new shares | none | Original document → |
| Jan 10, 2025 | May sell new shares | none | Original document → |
| Nov 21, 2024 | May sell new shares | none | Original document → |
- Run by
- Franklin Templeton Fund Adviser, LLC
- Fund family
- FRANKLIN TEMPLETON
- Exchange
- New York Stock Exchange
- Regulator's file number
- 811-08709
- Auditor
- PricewaterhouseCoopers LLP
- Fiscal year end
- April 30, 2026
- Number of holdings
- 404
- Preferred share classes
- none
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