Western Asset High Income Fund Inc. Portfolio Composition as of December 31, 2012

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Western Asset High Income Fund Inc. Portfolio Composition as of December 31, 2012

NEW YORK--(BUSINESS WIRE)-- Western Asset High Income Fund Inc. (NYS: 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**

A1.1%
BBB6.8%
BB15.5%
B40.5%
CCC27.9%
CC1.2%
D0.4%
Not Rated6.5%
 

Top Ten High Yield Industries

Communications12.0%
Consumer Cyclical11.8%
Capital Goods9.4%
Energy8.6%
Basic Industry8.3%
Consumer Non Cyclical8.1%
Transportation5.3%
Electric5.2%
Technology1.6%
Natural Gas1.3%
 

Top Five Emerging Market Countries

Russia2.5%
Brazil2.1%
Mexico1.2%
Turkey1.0%
Venezuela1.0%
 

Currency Allocation

US Dollars98.6%
Brazilian Reals0.6%
Euros0.3%
Indonesian Rupiahs0.3%
Peruvian Nuevos Soles0.2%
 

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 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).
For this purpose, if 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:

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