Western Asset Premier Bond Fund Portfolio Composition as of December 31, 2012
04 Febbraio 2013 - 2:00PM
Business Wire
Western Asset Premier Bond Fund (NYSE: WEA) announces its
portfolio composition as of December 31, 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
29.3%
Investment Grade Corporate
Bonds
21.5%
High Yield Corporate Bonds
17.1%
Asset-Backed Securities
13.0%
Government
5.4%
Emerging Market
2.7%
Bank Loans
1.4%
Cash & Other Securities
9.6%
Credit Quality
Allocation**
AAA 11.0% AA 6.3% A 17.2% BBB 22.6% BB 8.5% B 12.6% CCC 7.5% CC
2.9% C 0.6% D 0.4% Not Rated 10.3%
Top Ten
Investment Grade Industries
Transportation 5.2% Banking 3.8% Consumer Cyclical 3.2% Finance
Companies 2.1% Communications 1.7% Energy 1.4% Insurance 1.1% Basic
Industry 0.7% Electric 0.5% Technology 0.4%
Top Five High
Yield Industries
Communications 3.9% Consumer Cyclical 2.1% Capital Goods 2.0% Basic
Industry 1.9% Consumer Non Cyclical 1.6%
Average Life (years)
5.8
Effective Duration (years)
3.1
Average Coupon (%)
4.7
Portfolio Statistics:
Inception Date
March 28, 2002
Inception Price
$15.00
Total Assets***
$249,108,765
Net Assets
$176,163,860
Loans****
0.00%
Preferred Shares****
28.90%
Reverse Repos****
0.00%
Market Price
$15.54
NAV
$14.84
(Daily NAV is available on market quotation systems using the
symbol XWEAX.)
Distribution Rate
$0.1050 per share
Frequency
Monthly (declared monthly, paid monthly) *
Portfolio holdings and weightings are
historical and are presented here forinformational purposes only
and do not include derivatives such as FuturesContracts, Options
Written, and Credit Default Swaps. They are subject tochange at any
time.
**
Credit quality is a measure of a bond
issuer's ability to repay interest andprincipal in a timely manner.
The credit ratings shown are based on eachportfolio security's
rating as provided by Standard and Poor's, Moody'sInvestors 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
haveassigned differing ratings to a security, the highest rating is
used. Securitiesthat are unrated by all three agencies are
reflected as such. The credit qualityof the investments in the
Fund's portfolio does not apply to the stability orsafety of the
Fund. These ratings are updated monthly and may change overtime.
Please note, the Fund itself has not been rated by an
independentrating agency.
***
The difference between total assets and
net assets, if any, is due primarily tothe Fund’s use of preferred
shares; net assets do not include preferredshares. The Fund may
employ leverage in the form of loans, preferred stock,reverse
repurchase agreements and/or other instruments. When the
Fundengages 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 becompounded.
**** 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.
FN1112225
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