Western Asset High Income Opportunity Fund Inc. (HIO) NYSE
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Currency In USD
Address
280 Park Avenue
New York City, NY 10017
United States of America (the)
Phone
800-822-5544
Sector
Financial Services
Industry
Asset Management - Income
Employees
N/A
First IPO Date
November 16, 1993
| Name | Title | Pay | Year Born |
| Kenneth Donald Fuller | Chairman, Chief Executive Officer and President | 0 | 1958 |
The Western Asset High Income Opportunity Fund Inc. (HIO) operates as a closed-end investment vehicle focused on fixed-income securities. Established and overseen by Legg Mason Partners Fund Advisor, LLC, its day-to-day management responsibilities are shared between Western Asset Management Company and Western Asset Management Company Limited. HIO's investment strategy centers on the U.S. fixed-income markets, specifically targeting high-yielding corporate debt instruments. The fund endeavors to maintain a portfolio with an average duration of approximately four years and an average credit rating of B. Its performance is benchmarked against the Barclays Capital U.S. Corporate High Yield 2% Issuer Cap Index. This U.S.-domiciled fund, originally known as the High Income Opportunity Fund, commenced operations on November 16, 1993.