Robert Frenkel - Western Asset Secretary, Chief Legal Officer

HIX Fund  USD 4.42  0.01  0.23%   
Robert Frenkel is Fund Manager at Western Asset High
Mr. Robert I. Frenkel serves as Secretary, Chief Legal Officer of the Company. He is Managing Director and General Counsel of Global Mutual Funds for Legg Mason and its predecessor Secretary and Chief Legal Officer of mutual funds associated with Legg Mason formerly, Secretary of CFM .
Age 65
Tenure 21 years
Phone800-822-5544
Webhttps://institutional.myleggmason.com/portal/server.pt?open=512&objID=1377&cached=true&mode=2&userID=225408&mktcd=HIX

Western Asset Management Performance (%)

The company has Return on Asset of 3.6 % which means that on every $100 spent on assets, it made $3.6 of profit. This is considered to be average in the sector. In the same way, it shows a return on shareholders' equity (ROE) of (10.75) %, meaning that it generated no profit with money invested by stockholders. Western Asset's management efficiency ratios could be used to measure how well Western Asset manages its routine affairs as well as how well it operates its assets and liabilities.
Western Asset High has 179.37 M in debt with debt to equity (D/E) ratio of 0.52, which is OK given its current industry classification. Western Asset High has a current ratio of 0.13, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Western Asset until it has trouble settling it off, either with new capital or with free cash flow. So, Western Asset's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Western Asset High sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Western to invest in growth at high rates of return. When we think about Western Asset's use of debt, we should always consider it together with cash and equity.

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Western Asset High Income Fund II Inc. is a closed-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. Western Asset High Income Fund II, Inc. was formed on May 28, 1998 and is domiciled in the United States. Western Asset operates under Asset Management classification in the United States and is traded on New York Stock Exchange. The fund is not classified under any group at the present time.

Management Performance

Western Asset High Leadership Team

Elected by the shareholders, the Western Asset's board of directors comprises two types of representatives: Western Asset inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Western. The board's role is to monitor Western Asset's management team and ensure that shareholders' interests are well served. Western Asset's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Western Asset's outside directors are responsible for providing unbiased perspectives on the board's policies.
Daniel Cronin, Independent Director
Christopher Berarducci, Principal Financial Officer, Treasurer
Todd Kuehl, Chief Compliance Officer
Jane Trust, Chairman of the Board and Presidentident, CEO, Trustee/ Director
Jeanne Kelly, Senior Vice President
Robert Frenkel, Secretary, Chief Legal Officer
Eileen Kamerick, Independent Director
Nisha Kumar, Independent Director
Paolo Cucchi, Independent Director
Robert Agdern, Independent Director
Carol Colman, Independent Director
William Hutchinson, Lead Independent Director
Thomas Mandia, Assistant Secretary
George Hoyt, Secretary, Chief Legal Officer
Jenna Bailey, Identity Theft Prevention Officer
Fred Jensen, Chief Compliance Officer

Western Fund Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right fund is not an easy task. Is Western Asset a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Other Information on Investing in Western Fund

Western Asset financial ratios help investors to determine whether Western Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Western with respect to the benefits of owning Western Asset security.
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