HIO Stock - High Income Oppor

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Western Asset High Income Opportunity Fund Inc., a closed-ended fixed-income mutual fund, was launched and is managed by Legg Mason Partners Fund Advisor, LLC, with co-management from Western Asset Management Company and Western Asset Management Company Limited. Established on November 16, 1993, and domiciled in the United States, the fund primarily focuses on investing in the fixed income markets within the country.

The fund's core strategy revolves around seeking high-yielding corporate debt obligations, aiming to deliver attractive returns to its investors. It maintains an average duration of approximately four years, coupled with an average credit quality target of B, reflecting its investment parameters and risk profile.

Western Asset High Income Opportunity Fund Inc. benchmarks its performance against the Barclays Capital U.S. Corporate High Yield 2% Issuer Cap Index, providing a comparative measure of its investment outcomes within the high-yield corporate debt segment. This strategic alignment helps the fund track and evaluate its performance against industry benchmarks.

Over its operational history, the fund has positioned itself as a key player in the fixed-income investment landscape, leveraging the expertise of its management teams to navigate market fluctuations and optimize portfolio returns. With a focus on delivering consistent income and capital appreciation, Western Asset High Income Opportunity Fund Inc. remains committed to meeting the financial objectives of its shareholders through prudent investment practices and strategic asset allocation.

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