Western Asset High Yield Defined Opportunity 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 Yield Defined Opportunity Fund Inc. Portfolio Composition as of March 31, 2013

NEW YORK--(BUSINESS WIRE)-- Western Asset High Yield Defined Opportunity Fund Inc. (NYS: HYI) announces its portfolio composition as of March 31, 2013.

Investment Objective: The Fund's primary investment objective is high income. Capital appreciation is a secondary objective.

Portfolio Composition*:

 
 

Asset Allocation

High Yield Corporate Bonds

83.7%

Investment Grade Corporate Bonds

4.5%

Emerging Market

4.2%

Sovereign Debt External Currency

2.6%

Corporates External Currency

1.7%

Bank Loans

2.0%

Cash & Other Securities

5.5%
 

Credit Quality Allocation**

A0.1%
BBB1.8%
BB7.2%
B44.7%
CCC38.1%
CC0.2%
D0.3%
NR7.7%
 

Top Ten High Yield Industries

Consumer Cyclical14.5%
Communications14.1%
Consumer Non Cyclical10.9%
Capital Goods10.6%
Basic Industry9.9%
Energy6.1%
Transportation6.0%
Electric5.1%
Finance Companies2.0%
Industrial Other1.8%
 

Top Emerging Market Countries

Venezuela2.6%
South Africa1.0%
Poland0.7%
 

Average Life (years)

4.2

Effective Duration (years)

3.3

Average Coupon (%)

8.3
 

Portfolio Statistics:

 

Inception Date

 

October 27, 2010

Inception Price

 

$20.00

Total Assets***

 

$449,796,911

Loans

0.00%

Preferred Shares

0.00%

Reverse Repos

0.00%
 

Market Price

 

$18.99

NAV

 

$19.52

(Daily NAV is available on market quotation systems using the symbol XHYIX.)
 

Distribution Rate

$0.1350 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.

** 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.

*** The Fund will not leverage its capital structure by issuing senior securities such as preferred shares or debt instruments. The Fund will also not borrow money for the purpose of leverage. The Fund may invest in reverse repurchase agreements and/or other instruments which can increase the risks and volatility of the Fund.

Western Asset High Yield Defined Opportunity Fund Inc., a non-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. 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. High yield or "junk bonds" are subject to additional risks.

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.



Western Asset High Yield Defined Opportunity Fund Inc.
Fund Investor Relations, 888-777-0102
www.leggmason.com/cef

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

The article Western Asset High Yield Defined Opportunity 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