No insider purchase over the last 90 days. The latest, by GRILLO ANTHONY, was filed 28 May 2025.
Western Asset High Yield Defined Opportunity Fund Inc. belongs to the Finance & Banking sector. Filings by its managers are published through SEC (Form 4). Nothing new has been filed by managers of Western Asset High Yield Defined Opportunity Fund Inc. in twelve months, the latest record being from 28 May 2025.
Over the whole record (from 2010), the tally stands at 3 purchases and 2 sales.
These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
FY ended May 2026 · cache
5 of 5 declarations
Western Asset High Yield Defined Opportunity Fund Inc. is a U.S.-listed closed-end fund traded on NYSE/NASDAQ in the United States, focused on high-yield corporate credit. For European investors, it should be understood less as an operating company than as an actively managed investment vehicle designed to capture income and total return from below-investment-grade corporate bonds. The fund is sponsored by Western Asset, a long-established fixed-income specialist whose investment platform emphasizes fundamental research, portfolio construction, and disciplined risk management across global bond markets. Western Asset states that it manages a broad range of fixed-income strategies and products globally. ([westernasset.com](https://www.westernasset.com/us/en/about/index.cfm?utm_source=openai))
The fund was incorporated in Maryland on July 20, 2010, and is registered as a diversified closed-end management investment company under the Investment Company Act of 1940. Its core mandate is straightforward: under normal market conditions, it invests at least 80% of net assets in a portfolio of high-yield corporate fixed-income securities with varying maturities. That positioning gives the fund direct exposure to the U.S. high-yield market, a segment known for offering higher income potential but also greater sensitivity to the economic cycle, credit spreads, issuer fundamentals, and default risk. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001497186/000113322825007756/wahydof-efp16580_ncsr.htm?utm_source=openai))
From a competitive standpoint, the fund sits within the U.S. listed closed-end fund universe, where differentiation is driven primarily by manager quality, credit selection, risk control, and the ability to navigate rate and spread volatility. Western Asset’s long-standing specialization in fixed income is a structural advantage, particularly in high yield, where deep credit research and active portfolio management are critical. Because the fund trades on a public U.S. exchange, investors can access a professionally managed high-yield portfolio through a continuously traded security, although the market price may trade at a discount or premium to net asset value. ([westernasset.com](https://www.westernasset.com/us/en?utm_source=openai))
Recent developments are notable. SEC filings show that the fund completed a tender offer in 2025, with shares accepted for tender repurchased at $12.09 per share, equal to 100% of net asset value as of the close of the New York Stock Exchange on July 21, 2025. Following the tender offer, because the fund maintained at least $75 million in net assets, it changed its name effective August 1, 2025 to Western Asset High Yield Opportunity Fund Inc. This is an important corporate event for closed-end fund investors because it can alter the asset base, trading dynamics, and market perception of the vehicle. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1497186/000113322826001034/wahyd-efp21871_ncsrs.htm?utm_source=openai))
In short, Western Asset High Yield Defined Opportunity Fund Inc. represents a listed U.S. high-yield credit vehicle managed by an experienced fixed-income platform, with the key investment variables being interest rates, credit conditions, and the manager’s ability to preserve income while controlling downside risk.([westernasset.com](https://www.westernasset.com/us/en/about/index.cfm?utm_source=openai))