Market Overview

Western Asset High Income Opportunity Fund Inc. Portfolio Composition as of June 30, 2018

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Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) announces its
portfolio composition as of June 30, 2018.

Investment Objective: The Fund seeks a high current income.
Capital appreciation is a secondary objective.

Portfolio Composition*:

Asset Allocation

High Yield Corporate Bonds     69.8%
Emerging Market Debt 14.2%
Corporates External Currency 9.3%
Sovereign Debt External Currency 2.4%
Sovereign Debt Local Currency 2.5%
Bank Loans 9.4%
Investment Grade Corporate Bonds 4.0%
Government 1.2%
Cash & Other Securities 1.5%
 

Credit Quality Allocation**

AA 1.2%
A 0.1%
BBB 5.7%
BB 44.5%
B 32.6%
CCC 12.2%
Not Rated 3.6%
 

Top Ten High Yield Industries

Communications 19.9%
Energy 11.3%
Consumer Cyclical 8.1%
Consumer Non Cyclical 7.2%
Banking 5.3%
Capital Goods 4.9%
Basic Industry 4.0%
Finance Companies 2.6%
Technology 1.9%
Insurance 1.2%
 

Currency Allocation

US Dollar 97.5%
Russian Ruble 1.0%
Brazilian Real 0.8%
Uruguayan Peso 0.4%

Argentine Peso

0.2%

 



Average Life (years)

 

6.7

Effective Duration (years) 4.3
Average Coupon (%) 6.3
 
Portfolio Statistics:
 
Inception Date November 16, 1993
Inception Price $12.50
Total Assets $695,008,346
Loans*** 0.0%
Preferred Shares*** 0.0%
Reverse Repos*** 0.0%
 
Market Price $4.82
NAV $5.38
(Daily NAV is available on market quotation systems using the symbol
XHIOX.)
 
Distribution Rate $0.0265 per share
Frequency Monthly (Declared quarterly, paid monthly)
 

* Portfolio holdings and weightings are historical and are presented
here for informational purposes only. They are subject to change at any
time.

** Credit quality is a measure of a bond issuer's ability to repay
interest and principal in a timely manner. The credit ratings shown are
based on each portfolio security's rating as provided by Standard and
Poor's, Moody's Investors Service and/or Fitch Ratings, Ltd. and
typically range from AAA (highest) to D (lowest), or an equivalent
and/or similar rating. For this purpose, when two or more of the
agencies have assigned differing ratings to a security, the lowest
rating is used. Securities that are unrated by all three agencies are
reflected as such. The credit quality of the investments in the Fund's
portfolio does not apply to the stability or safety of the Fund. These
ratings are updated monthly and may change over time. Please note,
the Fund itself has not been rated by an independent rating agency.

*** Percentages are based on total assets. If the Fund employs leverage,
the Effective Duration is based on net assets.

Western Asset High Income Opportunity Fund Inc., a diversified
closed-end investment management company, is advised by Legg Mason
Partners Fund Advisor, LLC, a wholly owned subsidiary of Legg Mason,
Inc., and is sub-advised by Western Asset Management Company, an
affiliate of the advisor.

An investment in the Fund involves risk, including loss of principal.
Investment return and the value of shares will fluctuate. Data and
commentary provided in this press release are for informational purposes
only. Legg Mason and its affiliates do not engage in selling shares of
the Fund.

For more information, please call Fund Investor Services at
1-888-777-0102, or consult the Fund's web site at http://www.lmcef.com.
Hard copies of the Fund's complete audited financial statements are
available free of charge upon request.

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