The Western Asset High Income Opportunity Fund Inc (HIO) is a mutual fund that seeks to provide investors with high levels of current income by investing in a diversified portfolio of fixed-income securities. The fund is managed by Western Asset Management Company, a leading global fixed-income investment firm. With a focus on high-yield bonds and other income-producing assets, HIO offers investors the potential for attractive returns while also managing risk through diversification. This fund may be suitable for investors seeking regular income and willing to take on a moderate level of risk.