Western Asset High Income Fund Inc. as of September 30, 2011
04 November 2011 - 11:00PM
Business Wire
Western Asset High Income Fund Inc. (NYSE: HIF) announces its
portfolio composition as of September 30, 2011.
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
74.8%
Emerging Market Debt
14.0%
Sovereign Debt External Currency
3.2%
Sovereign Debt Local Currency
1.2%
Corporates External Currency
9.6%
Investment Grade Corporate
Bonds
7.0%
Bank Loans
1.8%
Cash & Other Securities
2.5%
Credit Quality
Allocation**
AA 0.1% A 0.2% BBB 4.5% BB 20.9% B 44.7% CCC 19.6% CC 2.1% C 1.1% D
1.7% Not Rated 5.0%
Top Ten High
Yield Industries
Consumer Cyclical 13.8% Communications 11.8% Consumer Non Cyclical
8.0% Transportation 7.8% Capital Goods 6.9% Energy 6.6% Basic
Industry 6.5% Electric 5.8% Technology 3.2% Natural Gas 1.4%
Top Five Emerging
Market Countries
Brazil 3.0% Russia 2.4% Mexico 1.7% India 1.3% Thailand 1.0%
Currency
Allocation
US Dollars 98.7% Brazilian Reals 0.6% Indonesian Rupiahs 0.5%
Peruvian Nuevos Soles 0.2%
Average Life (years)
6.4
Effective Duration (years)
4.1
Average Coupon (%)
8.6
Portfolio Statistics:
Inception Date
January 29, 1993
Inception Price
$15.00
Total Assets
$46,462,119
Loans
0.0%
Preferred Shares
0.0%
Reverse Repos
0.0%
Market Price
$9.69
NAV
$8.68
(Daily NAV is available on market
quotation systems using the symbol XHIFX.)
Distribution Rate
$0.0675 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
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