Western Asset Premier Bond Fund as of December 31, 2008
04 Febbraio 2009 - 10:15PM
Business Wire
Western Asset Premier Bond Fund (NYSE: WEA) announces its
portfolio composition as of December 31, 2008.
Investment Objective: The Fund's investment objective is
to provide current income and capital appreciation by investing
primarily in a diversified portfolio of investment grade bonds.
Portfolio Composition*:
� �
Asset Allocation
Investment Grade
38.4%
Mortgage Backed
25.9%
Asset Backed
8.8%
High Yield
23.0%
Emerging Markets
0.2%
US Dollar 0.2%
Government
0.1%
Cash & Other
Securities
3.6%
�
Credit Quality Allocation (Higher of
S&P/Moody/Fitch)
Aaa/AAA 27.6% Aa/AA 5.8% A/A 11.5% Baa/BBB 26.1% Ba/BB 10.8% B/B
10.5% Caa/CCC 6.6% Ca/CC 0.1% C/C 1.0% �
Top Ten Investment Grade
Industries
Transportation 7.6% Electric 4.5% Energy 4.5% Consumer Cyclical
4.3% Capital Goods 4.1% Banking 2.7% Basic Industry 2.4%
Communications 2.3% Finance Companies 1.4% Natural Gas 1.2% �
Top Ten High Yield Industries
Consumer Cyclical 4.4% Communications 3.8% Consumer Non Cyclical
3.0% Electric 2.3% Capital Goods 2.1% Energy 1.7% Natural Gas 1.6%
Basic Industry 1.3% Technology 1.2% Transportation 0.6% �
Currency Allocation
US Dollar 99.9% Brazilian Real 0.1% �
Average Life (years)
4.4
Effective Duration
(years)
2.4
Average Credit Quality
(S&P)
BBB+
Portfolio Statistics:
� � Inception Date March 28, 2002 Inception Price $15.00 Total Net
Assets $100,164,965 Market Price $8.90 NAV $8.73 (Daily NAV is
available on market quotation systems using the symbol XWEAX.) �
Distribution Rate $0.09375 per share Frequency Monthly (declared
monthly, paid monthly) Leverage** 41.82%
* Portfolio holdings and weightings are historical and are
presented here for informational purposes only and do not
include�derivatives such as Futures Contracts, Options Written, and
Credit Default Swaps. They are subject to change at any time.
** The Fund may employ leverage in the form of loans, preferred
stock, reverse repurchase agreements and/or other instruments. If
the Fund establishes a segregated account in which it maintains
cash and/or liquid securities equal in value to its obligation in
respect of the reverse repurchase agreements (or other
instruments), these investments are not considered to be a
borrowing or a "senior security" for purposes of the asset coverage
requirements under the 1940 Act, although they may have the same
economic effect as other types of leverage.
Dividends and distributions represent past performance. Past
performance is no guarantee of future results and there is no
guarantee that dividends and distributions will continue.
Western Asset Premier Bond Fund, a diversified closed-end
investment management company, is advised by Western Asset
Management Company, a wholly owned subsidiary of Legg Mason, Inc.
and is sub-advised by Western Asset Management Company Limited,
Western Asset Management Company Pte. Ltd., and Western Asset
Management Company Ltd, affiliates of the adviser.
Past performance is no guarantee of future results. An
investment in the Fund involves risk, including loss of principal.
Investment return and the value of shares will fluctuate.
For more information, please call Fund Investor Relations at
888-777-0102 or consult the Fund�s web site at
www.leggmason.com/cef.
Western Asset Management Company and Legg Mason Investor
Services, LLC are subsidiaries of Legg Mason, Inc.
� 2009 Legg Mason Investor Services, LLC. Member FINRA, SIPC
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