HYI:NYE-Western Asset High Yield Defined Opportunity Fund Inc. (USD)

ETF | Computer Hardware | New York Stock Exchange

Last Closing

USD 11.92

Change

+0.01 (+0.08)%

Market Cap

USD 0.34B

Volume

0.04M

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

The Fund seeks high income with capital appreciation as a secondary objective through investments in a portfolio of high yield corporate bonds of varying maturities. Under normal market conditions the Fund will invest at least 80% of its net assets in a portfolio of high-yield corporate fixed income securities rated below investment grade. The Fund may also invest up to 20% of its net assets in fixed income securities issued by U.S or foreign governments, agencies, and instrumentalities and/or fixed income securities that are investment grade quality. The Fund does not intend to utilize leverage. Unless approval to shorten or extend the life of the Fund is granted the Fund will terminate its existence on or about September 30, 2025.

Inception Date: 14/02/2012

Primary Benchmark: Not Benchmarked

Primary Index: Barclays Global High Yield TR CAD

Gross Expense Ratio: NA%

Management Expense Ratio: 1.25 %

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Holdings

N/A

Top Sectors

N/A

Top Regions

N/A

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-03-27 )

Largest Industry Peers for Computer Hardware

Symbol Name Mer Price(Change) Market Cap
DELL Dell Technologies Inc 0.00 %

+0.15 (+0.12%)

USD 81.99B
ANET Arista Networks 0.00 %

-0.06 (-0.02%)

USD 79.65B
HPQ HP Inc 0.00 %

-0.13 (-0.46%)

USD 27.21B
PSTG Pure Storage Inc 0.00 %

+0.73 (+1.40%)

USD 16.07B
IONQ IONQ Inc 0.00 %

+0.79 (+9.66%)

USD 1.48B
DDD 3D Systems Corporation 0.00 %

N/A

USD 0.54B
DM Desktop Metal Inc 0.00 %

N/A

USD 0.28B
QBTS DPCM Capital Inc 0.00 %

-0.04 (-2.70%)

USD 0.26B
MKFG Markforged Holding Corp 0.00 %

-0.01 (-1.16%)

USD 0.14B
VLD Velo3D Inc 0.00 %

+0.01 (+2.96%)

USD 0.07B

ETFs Containing HYI

N/A

Market Performance

  Market Performance vs. Industry/Classification (Computer Hardware) Market Performance vs. Exchange (New York Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain -1.41% 38% F 25% F
Dividend Return 2.36% 100% F 90% A-
Total Return 0.95% 54% F 33% F
Trailing 12 Months  
Capital Gain 1.10% 50% F 32% F
Dividend Return 9.65% 100% F 91% A-
Total Return 10.75% 58% F 45% F
Trailing 5 Years  
Capital Gain -19.30% 43% F 24% F
Dividend Return 37.54% 100% F 90% A-
Total Return 18.24% 57% F 45% F
Average Annual (5 Year Horizon)  
Capital Gain -5.40% 42% F 19% F
Dividend Return 2.46% 42% F 41% F
Total Return 7.86% 100% F 93% A
Risk Return Profile  
Volatility (Standard Deviation) 11.86% 100% F 76% C+
Risk Adjusted Return 20.72% 42% F 46% F
Market Capitalization 0.34B 23% F 11% F

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior total returns

The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

What to not like:
Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.

Negative free cash flow

The company had negative total free cash flow in the most recent four quarters.