HYI - Western Asset High Yield Opportunity Fund
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, 2025 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 → -
March 31, 2026
The fund said it may sell new shares.
Original document → -
March 9, 2026
The fund said it may sell new shares.
Original document → -
Oct 31, 2025
The fund said it may sell new shares.
Original document → -
Oct 3, 2025
Sit Investment sold down below 5% and stopped reporting.
Original document →
Show all 8 events
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July 25, 2025
The buy-back ended; the fund paid $12.09 a share.
Original document → -
June 20, 2025
The fund offered to buy back 100% of its shares at 100% of value, until July 21, 2025.
Original document → -
Feb 13, 2024
Sit Investment now owns 6.8%, as a passive investor.
Original document →
About this fund
- Run by Western Asset. At its last yearly report (May 31, 2026) the fund was run by Franklin Templeton Fund Adviser, LLC. As of May 31, 2026, from the fund's yearly report. Original document →
- Size: about $149 million of holdings, as of May 29, 2026. As of May 29, 2026, from the fund's quarterly holdings report. Original document →
- Borrowing: the fund borrows about 2% on top of its own money, as of May 29, 2026. Borrowed money makes gains and losses bigger. As of May 29, 2026, from the fund's quarterly holdings report. Original document →
- Costs: 0.8% a year in management fees; 1.1% a year in total, including interest on borrowed money. Fiscal year ended May 31, 2026. As of May 31, 2026, from the fund's yearly report. Original document →
- Payouts: last fiscal year (ended May 31, 2026) the fund paid $1.14 a share. $0.91 of that was income; $0.23 was your own money back, not income. As of May 31, 2026, from the fund's annual report. Original document →
- Value of holdings per share at the last fiscal year end (May 31, 2026): $11.62. The shares traded at $10.63, about 8.5% below that.
As of May 31, 2026, from the fund's yearly report. Original document →
Over the last two years the gap ranged from 9.4% below to 0.1% below. As of May 31, 2026, from the fund's annual report. Original document → - How the holdings did: down 2.2% over the last three months we have (March-May 2026), before the share price is taken into account. Over the last 12 months: -0.8%. As of May 29, 2026, from the fund's quarterly holdings report. Original document →
- How the holdings did over the fiscal year (ended May 31, 2026): the value of the holdings returned +7.7%. How the share price did: the shares returned -0.8% over the same year, counting payouts and the change in the market price. As of May 31, 2026, from the fund's annual report. Original document →
- First reported to the regulator in 2010.
What the fund holds
Mostly bonds (91%), the rest loans and cash and short-term holdings. About 76% issued in the U.S.
- Echostar, Sats 10.75 11/30/29 . - 3.2%
- Cash and short-term - 2.1%
- Pm General Purchaser LLC, Amgene 9.5 10/01/28 144A - 1.8%
- Cloud Software Group, Tibx 8.25 06/30/32 144A - 1.5%
- Sprint Capital, S 6.875 11/15/28 - 1.5%
- Lloyds Banking Group PLC, Lloyds V8 Perp - 1.5%
- Viking Cruises, Vikcru 9.125 07/15/31 144A - 1.2%
- Cco Holdings LLC / Cco Holdings Capital, Chtr 7.375 02/01/36 144A - 1.1%
- Bombardier, Bbdbcn 7.25 07/01/31 144A - 1.1%
- Teva Pharmaceutical Finance Netherlands III Bv, Teva 5.125 05/09/29 - 1.1%
Show all 25
- Williams Companies, Wmb 5.75 06/24/44 - 1.1%
- Zf North America Capital, Zffngr 6.875 04/23/32 144A - 1.1%
- Bahamas, Commonwealth of, Bahama 6.95 11/20/29 144A - 1%
- Corecivic, Cxw 8.25 04/15/29 - 1%
- Community Health Systems, Cyh 10.875 01/15/32 144A - 1%
- Tutor Perini, Tpc 11.875 04/30/29 144A - 1%
- Csc Holdings LLC, Cschld 11.75 01/31/29 144A - 1%
- Carriage Purchaser, Pslogi 7.875 10/15/29 144A - 1%
- Carnival PLC, Ccl 1 10/28/29 - 1%
- Crescent Energy Finance LLC, Crgyfn 7.375 01/15/33 144A - 0.9%
- Chs/Community Health Systems, Cyh 4.75 02/15/31 144A - 0.9%
- Michaels Companies, Mik 11 03/15/34 144A - 0.9%
- Dish DBS, Dish 7.375 07/01/28 - 0.9%
- Venture Global Lng, VENLNG V9 PERP 144a - 0.9%
- Nclh 7.75 02/15/29 144A - 0.9%
As of May 29, 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, 2025 | Sit Investment | 0% | Sold down below 5% |
| Feb 13, 2024 | Sit Investment | 6.8% | Passive investor |
| Date | What | Deadline | Document |
|---|---|---|---|
| April 23, 2026 | May sell new shares | none | Original document → |
| March 31, 2026 | May sell new shares | none | Original document → |
| March 9, 2026 | May sell new shares | none | Original document → |
| Oct 31, 2025 | May sell new shares | none | Original document → |
| July 25, 2025 | Buy-back results | none | Original document → |
| June 20, 2025 | Offer to buy back shares | July 21, 2025 | Original document → |
- Run by
- Franklin Templeton Fund Adviser, LLC
- Fund family
- FRANKLIN TEMPLETON
- Exchange
- New York Stock Exchange
- Regulator's file number
- 811-22444
- Auditor
- PricewaterhouseCoopers LLP
- Fiscal year end
- May 31, 2026
- Number of holdings
- 281
- Preferred share classes
- none
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