Western Asset Premier Bond Fund Portfolio Composition as of March 31, 2013
29 Aprile 2013 - 2:30PM
Business Wire
Western Asset Premier Bond Fund (NYSE: WEA) announces its
portfolio composition as of March 31, 2013.
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
25.0%
Investment Grade Corporate
Bonds
24.0%
High Yield Corporate Bonds
20.3%
Asset-Backed Securities
13.2%
Government
7.5%
Emerging Market
2.7%
Bank Loans
1.0%
Cash & Other Securities
6.4%
Credit Quality
Allocation**
AAA 9.0% AA 6.2% A 19.8% BBB 24.4% BB 8.3% B 12.6% CCC 9.4% CC 2.5%
C 0.6% Not Rated 7.1%
Top Ten
Investment Grade Industries
Transportation 5.0% Banking 4.9% Communications 3.5% Consumer
Cyclical 3.2% Finance Companies 2.3% Energy 1.3% Insurance 1.1%
Basic Industry 0.7% Electric 0.6% Technology 0.4%
Top Five High
Yield Industries
Communications 3.9% Consumer Cyclical 2.7% Consumer Non Cyclical
2.5% Capital Goods 2.3% Basic Industry 1.9%
Average Life (years)
6.0
Effective Duration (years)
3.3
Average Coupon (%)
5.0
Portfolio Statistics:
Inception Date
March 28, 2002
Inception Price
$15.00
Total Assets***
$253,084,604
Net Assets
$179,825,154
Loans****
0.00%
Preferred Shares****
28.45%
Reverse Repos****
0.00%
Market Price
$15.51
NAV
$15.13
(Daily NAV is available on market quotation systems using the
symbol XWEAX.)
Distribution Rate
$0.1000 per share
Frequency Monthly
(declared monthly, paid monthly)
* Portfolio holdings and weightings are
historical and are presented herefor informational 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), or an equivalent and/or similar rating. For
thispurpose, when two or more of the agencies have assigned
differing ratings toa security, the highest rating is used.
Securities that are unrated by all threeagencies are reflected as
such. The credit quality of the investments in theFund's portfolio
does not apply to the stability or safety of the Fund. Theseratings
are updated monthly and may change over time. Please note,
theFund itself has not been rated by an independent rating
agency.
*** The difference between total assets
and net assets, if any, is due primarily to theFund’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, thevalue 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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