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HYI: High Yield, No Leverage, Term Structure Fund Worth A Look

johnNjohnN
in Fund Discussions
HYI: High Yield, No Leverage, Term Structure Fund Worth A Look

Jul. 01, 2021 3:29 AM ETWestern Asset High Yield Defined Opportunity Fund (HYI)COMM, DISH, EHT...6 Comments9 Likes

https://www.google.com/amp/s/seekingalpha.com/amp/article/4437372-hyi-cef-high-yield-no-leverage-term-structure-fund-worth-a-look

Summary

We regularly cover HYI as it is one of the solid choices in the high yield space that also don't utilize leverage.

For CEFs, funds that don't operate with leverage can be seen as relatively more attractive for more conservative investors.

However, keep in mind that it is still a high yield fund - so that does entail risks on its own.

Comments

  • carew388carew388
    1 year average discount 5.04 %, 1 month average discount 2.58%, so maybe a better buy when current discount reaches 6% ?
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