Western Asset High Income Fund II Inc is a closedended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor LLC The fund is comanaged by Western Asset Management Company Western Asset Management Company Limited and Western Asset Management Company Pte Ltd It invests in the fixed income markets across the globe The fund invests in securities of companies that operate across diversified sectors It invests in high yield debt securities issued by US foreign corporations and foreign governments The fund employs a combination of quantitative and fundamental analysis with bottomup security selection process to create its portfolio It benchmarks the performance of its portfolio against Barclays Capital US Corporate High Yield 2 Issuer Cap Index and the JPMorgan Emerging Markets Bond Index Global Western Asset High Income Fund II Inc was formed on May 28 1998 and is domiciled in the United States