Western Asset Premier Bond Fund Portfolio Composition as of December 31, 2014
30 Gennaio 2015 - 4:00PM
Business Wire
Western Asset Premier Bond Fund (NYSE:WEA) announces its
portfolio composition as of December 31, 2014.
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 Corporate
Bonds
42.7%
Mortgage-Backed Securities
18.6%
High Yield Corporate Bonds
18.4%
Emerging Market Debt
9.9%
Sovereign Debt External Currency
2.1%
Sovereign Debt Local Currency
5.0%
Corporates External Currency
2.8%
Asset-Backed Securities
4.9%
Government
3.4%
Bank Loans
1.1%
Cash & Other Securities
1.0%
Credit Quality
Allocation**
AAA
4.7%
AA
3.8%
A
25.6%
BBB
33.3%
BB
8.1%
B
10.2%
CCC
8.0%
CC
2.4%
C
1.4%
D
0.3%
Not Rated
2.3%
Top Ten
Investment Grade Industries
Banking
15.5%
Communications
7.4%
Consumer Cyclical
4.6%
Transportation
4.2%
Energy
3.3%
Consumer Non Cyclical
1.8%
Electric
1.7%
Finance Companies
1.1%
Natural Gas
0.9%
Basic Industry
0.9%
Top Five High
Yield Industries
Communications
3.0%
Transportation
2.5%
Energy
2.1%
Finance Companies
1.9%
Consumer Cyclical
1.8%
Average Life (years)
6.4
Effective Duration (years)
3.8
Average Coupon (%)
5.4
Portfolio Statistics:
Inception Date
March 28, 2002
Inception Price
$15.00
Total Assets***
$234,439,187
Net Assets
$176,401,212
Loans****
22.61%
Preferred Shares****
0.00%
Reverse Repos****
0.00%
Market Price
$13.89
NAV
$14.83
(Daily NAV is available on market quotation systems using the
symbol XWEAX.)
Distribution Rate
$0.0900 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), or an equivalent and/or similar
rating. For this purpose, when 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.
FN1112225
Western Asset Premier Bond FundFund Investor Relations,
888-777-0102
Grafico Azioni Western Asset Premier (NYSE:WEA)
Storico
Da Lug 2024 a Ago 2024
Grafico Azioni Western Asset Premier (NYSE:WEA)
Storico
Da Ago 2023 a Ago 2024