Western Asset High Income Fund Inc. Portfolio Composition as of March 31, 2013
April 29 2013 - 8:30AM
Business Wire
Western Asset High Income Fund Inc. (NYSE: HIF) announces its
portfolio composition as of March 31, 2013.
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 75.3% Emerging
Market Debt 10.1% Sovereign Debt External Currency 3.1%
Sovereign Debt Local Currency 1.0% Corporates External Currency
6.0%
Investment Grade Corporate Bonds 7.6% Bank
Loans 2.3% Cash & Other Securities
4.7%
Credit Quality
Allocation**
A 1.1% BBB 6.6% BB 14.6% B 40.8% CCC 28.6% CC 1.0% D 0.2% Not Rated
7.2%
Top Ten High
Yield Industries
Communications 13.1% Consumer Cyclical 11.7% Basic Industry 9.4%
Energy 8.8% Consumer Non Cyclical 8.4% Capital Goods 7.7%
Transportation
5.5% Electric 5.0% Finance Companies 1.6% Industrial Other 1.2%
Top Five Emerging
Market Countries
Russia 2.5% Brazil 2.0% Mexico 1.2% Turkey 0.9% Venezuela 0.9%
Currency
Allocation
US Dollar 98.7% Brazilian Real 0.6% Euro 0.3% Indonesian Rupiah
0.3% Peruvian Nuevo Sol 0.2%
Average Life (years) 4.4
Effective Duration (years)
3.5
Average Coupon (%) 7.9
Portfolio Statistics:
Inception Date January 29, 1993
Inception
Price $15.00
Total Assets $52,136,505
Loans 0.0%
Preferred Shares 0.0%
Reverse Repos 0.0%
Market Price $9.65
NAV $9.84 (Daily NAV is available
on market quotation systems using the symbol XHIFX.)
Distribution Rate $0.0592 per share
Frequency Monthly
(Declared quarterly, paid monthly)
* Portfolio holdings and weightings are historical and are
presented here for informational purposes only. They are subject to
change at any time. Negative allocations and allocations in excess
of 100%, if any, are primarily due to the Fund's unsettled trade
activity.
** 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 lowest 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.
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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