Western Asset High Income Fund Inc. Portfolio Composition as of March 31, 2013

Before you go, we thought you'd like these...
Before you go close icon

Western Asset High Income Fund Inc. Portfolio Composition as of March 31, 2013

NEW YORK--(BUSINESS WIRE)-- Western Asset High Income Fund Inc. (NYS: 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 Bonds75.3%
Emerging Market Debt10.1%
Sovereign Debt External Currency3.1%
Sovereign Debt Local Currency1.0%
Corporates External Currency6.0%
Investment Grade Corporate Bonds7.6%
Bank Loans2.3%
Cash & Other Securities4.7%
 

Credit Quality Allocation**

A1.1%
BBB6.6%
BB14.6%
B40.8%
CCC28.6%
CC1.0%
D0.2%
Not Rated7.2%
 

Top Ten High Yield Industries

Communications13.1%
Consumer Cyclical11.7%
Basic Industry9.4%
Energy8.8%
Consumer Non Cyclical8.4%
Capital Goods7.7%

Transportation

5.5%
Electric5.0%
Finance Companies1.6%
Industrial Other1.2%


Top Five Emerging Market Countries

Russia2.5%
Brazil2.0%
Mexico1.2%
Turkey0.9%
Venezuela0.9%
 

Currency Allocation

US Dollar98.7%
Brazilian Real0.6%
Euro0.3%
Indonesian Rupiah0.3%
Peruvian Nuevo Sol0.2%
 
Average Life (years)4.4

Effective Duration (years)

3.5
Average Coupon (%)7.9
 

Portfolio Statistics:

 
Inception DateJanuary 29, 1993
Inception Price$15.00
Total Assets$52,136,505
Loans0.0%
Preferred Shares0.0%
Reverse Repos0.0%
 
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
FrequencyMonthly (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



Western Asset High Income Fund Inc.
Fund Investor Services: 888-777-0102
www.leggmason.com/cef

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

The article Western Asset High Income Fund Inc. Portfolio Composition as of March 31, 2013 originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners