The Western Asset High Income Fund II Inc (HIX) is a mutual fund that focuses on generating high income for its investors. It primarily invests in a diverse portfolio of fixed-income securities, including corporate bonds, government bonds, and mortgage-backed securities. The fund is managed by Western Asset Management Company, a leading global investment firm with a strong track record in fixed-income investing. HIX aims to provide investors with a steady stream of income through its high-yield investments, making it a suitable option for those seeking regular income from their investments.