Western Asset High Income Opportunity Fund Inc.

Western Asset High Income Opportunity Fund Inc. (ticker: HIO) is a closed-end fixed-income mutual fund. It is managed by Legg Mason Partners Fund Advisor, LLC and co-managed by Western Asset Management Company and Western Asset Management Company Limited. The fund primarily invests in the U.S. fixed-income markets, focusing on high-yielding corporate debt obligations. Its objective is to generate income by investing in bonds with an average credit quality of B and maintaining an average portfolio duration of around four years. The fund's performance is benchmarked against the Barclays Capital U.S. Corporate High Yield 2% Issuer Cap Index. Formerly known as High Income Opportunity Fund, it was established on November 16, 1993.

Western Asset High Income Opportunity Fund Inc. (HIO) is listed on the New York Stock Exchange (NYSE). It trades in U.S. dollars (USD), which is the official currency of the United States where the fund is domiciled. As a closed-end fund traded on a major U.S. exchange, investors can buy and sell shares through brokerage accounts, and the fund's net asset value and market price are quoted in USD.

HIO operates in the Financial Services sector and specifically within the Asset Management industry. As a closed-end fixed-income mutual fund, it falls under asset management because its primary business is managing a portfolio of debt securities on behalf of investors. The fund's activities include selecting and managing high-yield corporate bonds, aiming to provide income and capital appreciation. This classification is typical for investment companies that pool capital to invest in diversified financial assets.

Western Asset High Income Opportunity Fund Inc. is domiciled in the United States and serves the U.S. fixed-income markets. The fund invests primarily in high-yielding corporate debt obligations issued by U.S. companies. While its investments are focused domestically, the fund may also consider global opportunities, but its core market is the United States. The fund was formed on November 16, 1993, and is managed by Legg Mason Partners Fund Advisor, LLC, with co-management from Western Asset Management Company and Western Asset Management Company Limited.

HIO generates returns primarily through interest income and capital appreciation from its portfolio of high-yield corporate bonds. The fund targets high-yielding debt obligations, which typically offer higher coupon payments compared to investment-grade bonds, albeit with higher credit risk. It maintains an average portfolio duration of about four years, which helps manage interest rate sensitivity. The fund's average credit quality is B, indicating a focus on below-investment-grade securities. Performance is benchmarked against the Barclays Capital U.S. Corporate High Yield 2% Issuer Cap Index. As a closed-end fund, HIO can also use leverage to potentially enhance returns, though this increases risk.