Western Asset High Income Fund Inc. Portfolio Composition as of December 31, 2012
February 04 2013 - 8:00AM
Business Wire
Western Asset High Income Fund Inc. (NYSE: HIF) announces its
portfolio composition as of December 31, 2012.
Investment Objective: The Fund seeks to maintain a high
level of current income. As a secondary objective, the Fund seeks
capital appreciation.
Portfolio Composition*:
Asset
Allocation
High Yield Corporate Bonds
75.5%
Emerging Market Debt
10.5%
Sovereign Debt External Currency
3.3%
Sovereign Debt Local Currency
1.0%
Corporates External Currency
6.2%
Investment Grade Corporate
Bonds
7.7%
Bank Loans
2.2%
Cash & Other Securities
4.0%
Credit Quality
Allocation**
A 1.1% BBB 6.8% BB 15.5% B 40.5% CCC 27.9% CC 1.2% D 0.4% Not Rated
6.5%
Top Ten High
Yield Industries
Communications 12.0% Consumer Cyclical 11.8% Capital Goods 9.4%
Energy 8.6% Basic Industry 8.3% Consumer Non Cyclical 8.1%
Transportation 5.3% Electric 5.2% Technology 1.6% Natural Gas 1.3%
Top Five Emerging
Market Countries
Russia 2.5% Brazil 2.1% Mexico 1.2% Turkey 1.0% Venezuela 1.0%
Currency
Allocation
US Dollars 98.6% Brazilian Reals 0.6% Euros 0.3% Indonesian Rupiahs
0.3% Peruvian Nuevos Soles 0.2%
Average Life (years)
5.0
Effective Duration (years)
3.7
Average Coupon (%)
8.2
Portfolio Statistics:
Inception Date
January 29, 1993
Inception Price
$15.00
Total Assets
$51,746,599
Loans
0.0%
Preferred Shares
0.0%
Reverse Repos
0.0%
Market Price
$9.39
NAV
$9.67
(Daily NAV is available on market quotation systems using the
symbol XHIFX.)
Distribution Rate
$0.0595 per share
Frequency
Monthly (Declared quarterly, paid monthly) *
Portfolio holdings and weightings are
historical and are presented here forinformational purposes only.
They are subject to change at any time. Negativeallocations and
allocations in excess of 100%, if any, are primarily due to
theFund's unsettled trade activity.
**
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 each portfoliosecurity's
rating as provided by Standard and Poor's, Moody's Investors
Serviceand/or Fitch Ratings, Ltd. and typically range from AAA
(highest) to D (lowest).For this purpose, if two or more of the
agencies have assigned differing ratings toa security, the lowest
rating is used. Securities that are unrated by all threeagencies
are reflected as such. The credit quality of the investments in the
Fund'sportfolio does not apply to the stability or safety of the
Fund. These ratings areupdated monthly and may change over time.
Please note, the Fund itself hasnot been rated by an independent
rating agency.
Western Asset High Income Fund Inc., a diversified closed-end
investment management company, is advised by Legg Mason Partners
Fund Advisor, LLC, a wholly owned subsidiary of Legg Mason, Inc.,
and is sub-advised by Western Asset Management Company, an
affiliate of the advisor.
An investment in the Fund involves risk, including loss of
principal. Investment return and the value of shares will
fluctuate. 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
888-777-0102, or consult the Fund’s web site at
www.leggmason.com/cef.
FN1112206
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