Western Asset Premier Bond Fund Portfolio Composition as of September 30, 2012
02 Novembre 2012 - 1:30PM
Business Wire
Western Asset Premier Bond Fund (NYSE: WEA) announces its
portfolio composition as of September 30, 2012.
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
Mortgage-Backed Securities
33.6%
Investment Grade Corporate
Bonds
20.5%
Asset-Backed Securities
15.2%
High Yield Corporate Bonds
12.3%
Inflation-Linked
4.2%
Bank Loans
1.8%
Government
1.3%
Municipal
1.2%
Emerging Market
0.1%
Cash & Other Securities
9.8%
Credit Quality
Allocation**
AAA 20.9% AA 8.2% A 11.3% BBB 21.8% BB 9.2% B 8.4% CCC 7.1% CC 3.9%
C 0.7% D 0.4% Not Rated 7.9%
Top Ten
Investment Grade Industries
Transportation 5.3% Banking 3.4% Consumer Cyclical 3.3% Finance
Companies 2.1% Communications 1.7% Insurance 1.1% Energy 1.0% Basic
Industry 0.7% Electric 0.7% Consumer Non Cyclical 0.4%
Top Five High
Yield Industries
Communications 3.5% Capital Goods 1.4% Basic Industry 1.2%
Transportation 1.2% Electric 1.0%
Average Life (years)
6.5
Effective Duration (years)
3.0
Average Coupon (%)
4.2
Portfolio Statistics:
Inception Date
March 28, 2002
Inception Price
$15.00
Total Assets***
$246,828,215
Net Assets
$171,680,346
Loans****
0.00%
Preferred Shares****
29.17%
Reverse Repos****
0.00%
Market Price
$16.43
NAV
$14.51
(Daily NAV is available on market
quotation systems using the symbol XWEAX.)
Distribution Rate
$0.1100 per share
Frequency
Monthly (declared monthly, paid
monthly)
* 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.
** Credit quality is a measure of a bond issuer's ability to
repay interest and principal in a timely manner. The credit ratings
shown are based on each portfolio security's rating as provided by
Standard and Poor's, Moody's Investors Service and/or Fitch
Ratings, Ltd. and typically range from AAA (highest) to D (lowest).
For this purpose, if two or more of the agencies have assigned
differing ratings to a security, the highest rating is used.
Securities that are unrated by all three agencies are reflected as
such. The credit quality of the investments in the Fund's portfolio
does not apply to the stability or safety of the Fund. These
ratings are updated monthly and may change over time. Please
note, the Fund itself has not been rated by an independent rating
agency.
*** The difference between total assets and net assets, if any,
is due primarily to the Fund’s use of preferred shares; net assets
do not include preferred shares. The Fund may employ leverage in
the form of loans, preferred stock, reverse repurchase agreements
and/or other instruments. When the Fund engages in transactions
that have a leveraging effect on the Fund’s portfolio, the value of
the Fund will be more volatile and all other risks will tend to be
compounded.
**** Percentages based on total assets.
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.
An investment in the Fund involves risk, including loss of
principal. Investment return and the value of shares will
fluctuate. Fixed income securities are subject to credit risk,
inflation risk, call risk, and interest rate risks. As interest
rates rise, bond prices fall, reducing the value of the Fund's
share price.
Data and commentary provided in this press release are for
informational purposes only. Legg Mason and its affiliates do not
engage in selling shares of the Fund.
For more information, please call Fund Investor Relations at
888-777-0102 or consult the Fund’s web site at
www.leggmason.com/cef.
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