Western Asset High Income Fund II (HIX)
The fund aims to generate high income by investing globally in fixed income securities, focusing primarily on high yield debt from U.S., foreign corporations, and foreign governments.
Fund Info
US95766J1025
95766J102
May 28, 1998
Expense Ratio
HIX has a high expense ratio of 3.70%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Western Asset High Income Fund II (HIX) returned 3.74% year-to-date (YTD) and 8.23% over the past 12 months. Over the past 10 years, HIX returned 4.36% annually, underperforming the S&P 500 benchmark at 10.82%.
HIX
3.74%
5.51%
0.06%
8.23%
5.87%
5.90%
4.36%
^GSPC (Benchmark)
1.00%
12.45%
0.40%
11.91%
15.05%
15.04%
10.82%
Monthly Returns
The table below presents the monthly returns of HIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.07% | 3.72% | -3.90% | -1.21% | 2.21% | 3.74% | |||||||
| 2024 | -6.68% | -1.30% | 1.10% | -1.81% | 2.27% | 0.18% | 1.57% | 1.82% | 3.63% | -1.13% | 2.03% | -4.29% | -3.07% |
| 2023 | 14.86% | -1.84% | -8.42% | -0.45% | -5.03% | 9.54% | 2.04% | -0.81% | -6.87% | -5.21% | 11.96% | 8.19% | 15.72% |
| 2022 | -5.72% | -4.17% | -4.70% | -6.76% | 0.03% | -6.59% | 9.72% | 2.22% | -18.93% | 5.76% | 15.81% | -6.58% | -21.96% |
| 2021 | 0.01% | 0.29% | 2.21% | 3.50% | 3.41% | -0.68% | 3.50% | 2.57% | -4.13% | 2.25% | -3.04% | 3.06% | 13.34% |
| 2020 | 2.08% | -5.19% | -21.13% | 11.03% | 6.61% | 7.44% | 6.30% | 1.99% | -2.58% | 1.40% | 8.10% | 0.30% | 12.73% |
| 2019 | 11.61% | 1.85% | 1.20% | 3.99% | -2.44% | 9.10% | -0.03% | -5.20% | 4.10% | -0.02% | -0.91% | 2.58% | 27.63% |
| 2018 | -1.05% | -2.52% | -0.35% | 0.56% | -0.97% | 0.73% | 0.11% | 0.43% | 0.11% | -3.38% | -0.69% | -3.05% | -9.72% |
| 2017 | 3.77% | 2.01% | -1.43% | 3.54% | -0.76% | -0.94% | 2.95% | -2.29% | 1.84% | -0.41% | -2.52% | 1.71% | 7.44% |
| 2016 | -3.59% | 1.42% | 10.99% | 5.44% | -0.16% | 2.72% | 4.39% | 2.02% | -0.28% | -0.72% | -2.55% | 4.50% | 25.98% |
| 2015 | -3.35% | 4.82% | -2.04% | 2.39% | -1.10% | -4.76% | -4.64% | -4.50% | -2.84% | 9.32% | -4.28% | -3.75% | -14.71% |
| 2014 | 3.27% | 1.67% | 1.10% | 1.20% | 0.77% | 1.19% | -3.72% | 3.68% | -2.48% | -0.89% | -2.94% | -1.21% | 1.34% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of HIX is 61, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Western Asset High Income Fund II (HIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Western Asset High Income Fund II provided a 14.10% dividend yield over the last twelve months, with an annual payout of $0.59 per share. The fund has been increasing its distributions for 6 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.59 | $0.59 | $0.59 | $0.59 | $0.59 | $0.59 | $0.56 | $0.55 | $0.61 | $0.75 | $0.83 | $0.84 |
Dividend yield | 14.10% | 13.97% | 11.85% | 12.15% | 8.49% | 8.82% | 8.56% | 9.82% | 9.03% | 10.89% | 13.57% | 10.43% |
Monthly Dividends
The table displays the monthly dividend distributions for Western Asset High Income Fund II. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.20 | |||||||
| 2024 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.59 |
| 2023 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.59 |
| 2022 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.59 |
| 2021 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.59 |
| 2020 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.59 |
| 2019 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.56 |
| 2018 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.55 |
| 2017 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.61 |
| 2016 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.75 |
| 2015 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.83 |
| 2014 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.84 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Western Asset High Income Fund II. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Western Asset High Income Fund II was 60.79%, occurring on Nov 20, 2008. Recovery took 201 trading sessions.
The current Western Asset High Income Fund II drawdown is 13.11%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -60.79% | May 17, 2007 | 384 | Nov 20, 2008 | 201 | Sep 10, 2009 | 585 |
| -44.76% | Feb 20, 2020 | 20 | Mar 18, 2020 | 108 | Aug 20, 2020 | 128 |
| -36.53% | Aug 19, 2021 | 292 | Oct 14, 2022 | — | — | — |
| -28.03% | Jun 30, 2014 | 394 | Jan 21, 2016 | 243 | Jan 6, 2017 | 637 |
| -25.23% | Jun 11, 2002 | 40 | Aug 6, 2002 | 144 | Mar 4, 2003 | 184 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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