Western Asset Premier Bond Fund Portfolio Composition as of June 30, 2015
29 Luglio 2015 - 2:00PM
Business Wire
Western Asset Premier Bond Fund (NYSE:WEA) announces its
portfolio composition as of June 30, 2015.
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 46.5% High Yield
Corporate Bonds 20.7% Mortgage-Backed Securities
15.6% Emerging Market Debt 9.9% Sovereign Debt
External Currency 1.9% Sovereign Debt Local Currency 4.5%
Corporates External Currency 3.4%
Asset-Backed Securities
4.4% Bank Loans 0.8% Government
0.4% Cash & Other Securities 1.7%
Credit Quality
Allocation**
AAA 2.3% AA 3.5% A 28.8% BBB 33.3% BB 7.7% B 11.6% CCC 6.8% CC 2.8%
C 1.1% D 0.2% Not Rated 1.8%
Top Ten
Investment Grade Industries
Banking 15.3% Communications 7.1% Energy 6.0% Consumer Cyclical
4.0% Transportation 3.9% Consumer Non Cyclical 2.8% Basic Industry
1.8% Electric 1.7% Finance Companies 1.1% Capital Goods 1.0%
Top Five High
Yield Industries
Communications 3.9% Consumer Non Cyclical 3.1% Energy 2.6% Consumer
Cyclical 2.2% Finance Companies 1.9%
Average Life
(years) 7.8
Effective Duration (years) 4.8
Average
Coupon (%) 5.6
Portfolio Statistics:
Inception Date March 28, 2002
Inception Price $15.00
Total Assets*** $229,901,642
Net Assets $170,624,524
Loans**** 25.23%
Preferred Shares**** 0.00%
Reverse Repos**** 0.00%
Market Price $13.40
NAV $14.34 (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 Services at
1-888-777-0102, or consult the Fund’s web site at
http://www.lmcef.com. Hard copies of the Fund’s complete audited
financial statements are available free of charge upon request.
FN1112225
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