Description

Western Asset High Income Fund II Inc. functions as a closed-end mutual fund concentrating on fixed income investments. Legg Mason Partners Fund Advisor, LLC holds primary management responsibility, with additional oversight from Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. The fund's investment strategy involves deploying capital across global fixed income markets, specifically targeting high-yield debt securities. These debt instruments originate from U.S. and foreign corporations, as well as foreign governments, encompassing a wide range of sectors. Portfolio construction is driven by a disciplined process that integrates both quantitative and fundamental analysis, coupled with a bottom-up approach to selecting securities. Its performance is measured against two benchmarks: the Barclays Capital U.S. Corporate High Yield 2% Issuer Cap Index and the JPMorgan Emerging Markets Bond Index Global. This U.S.-domiciled fund was established on May 28, 1998.