The HIO fund primarily invests in high yield junk bonds. It pays an attractive 9.5% distribution yield. However, with the fund only earning 5 and 10Yr average annual returns of 2.0% and 2.8%, HIO is a ...
Note: This article was originally released to CEF/ETF Income Laboratory members on December 29, 2019. This month, I'd like to take a quick look at Western Asset High Income Opportunity Fund (NYSE:HIO) ...
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