Western Asset Premier Bond Fund Portfolio Composition as of June 30, 2016
01 Agosto 2016 - 2:00PM
Business Wire
Western Asset Premier Bond Fund (NYSE: WEA) announces its
portfolio composition as of June 30, 2016.
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
45.0%
High Yield Corporate Bonds
22.6%
Mortgage-Backed Securities
9.5%
Government
7.9%
Emerging Market Debt
7.3%
Sovereign Debt External Currency
1.7%
Sovereign Debt Local Currency
1.8%
Corporates External Currency
3.8%
Asset-Backed Securities
4.2%
Bank Loans
0.9%
Cash & Other Securities
2.7%
Credit Quality
Allocation**
AAA 8.4% AA 1.9% A 22.6% BBB 32.8% BB 12.9% B 11.1% CCC 3.7% CC
2.4% C 0.1% D 0.3% Not Rated 3.8%
Top Ten
Investment Grade Industries
Banking 13.9% Communications 9.4% Energy 5.4% Consumer Cyclical
3.1% Consumer Non Cyclical 3.1% Transportation 3.1% Electric 1.7%
Finance Companies 1.6% Capital Goods 1.4% Basic Industry 1.0%
Top Five High
Yield Industries
Communications 6.0% Energy 3.5% Consumer Cyclical 2.9% Consumer Non
Cyclical 2.7% Basic Industry 1.4%
Average Life (years)
8.9
Effective Duration (years)
7.5
Average Coupon (%)
5.3
Portfolio Statistics:
Inception Date
March 28, 2002
Inception Price
$15.00
Total Assets***
$221,300,326
Net Assets
$162,269,103
Loans****
26.21%
Preferred Shares****
0.00%
Reverse Repos****
0.00%
Market Price
$13.30
NAV
$13.64
(Daily NAV is available on market
quotation systems using the symbol XWEAX.)
Distribution Rate
$0.0850 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 are based on total assets. If the Fund employs
leverage, the Effective Duration is based on net 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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version on businesswire.com: http://www.businesswire.com/news/home/20160801005291/en/
Western Asset Premier Bond FundMaria Rosati,
1-212-805-6036mrosati@leggmason.com
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