Western Asset Inflation-Linked Income Fund Portfolio Composition as of June 30, 2018
August 02 2018 - 5:35PM
Business Wire
Western Asset Inflation-Linked Income Fund (NYSE: WIA) announces
its portfolio composition as of June 30, 2018.
Investment Objective: The Fund’s primary investment
objective is to provide current income. Capital appreciation, when
consistent with current income, is a secondary investment
objective.
Portfolio Composition*:
Asset
Allocation
Inflation-Linked 80.9% Mortgage-Backed
Securities 7.0% Emerging Market Debt 4.4%
Sovereign Debt External Currency 1.0% Sovereign Debt Local Currency
2.9% Corporates External Currency 0.6%
Investment Grade
Corporate Bonds 3.9% High Yield Corporate Bonds
2.2% Cash & Other Securities 1.5%
Credit Quality
Allocation**
AAA 81.1% AA 1.2% A 1.0% BBB 6.5% BB 2.4% B 2.3% CCC 1.5% CC 0.5%
Not Rated 3.5%
Currency
Allocation
US Dollar 84.8% Russian Ruble 3.9% Canadian Dollar 3.5% Colombian
Peso 2.3% Mexican Peso 2.0% Brazilian Real 1.2% Malaysian Ringgit
0.8% Japanese Yen 0.8% Chilean Peso 0.7% Indian Rupee 0.7%
Indonesian Rupiah 0.6% Argentine Peso 0.5% British Pound 0.1% New
Taiwan Dollar -1.9%
Average Life (years) 7.5
Average Effective Duration (years) 8.4
Average Coupon
(%) 2.0
Portfolio Statistics:
Inception Date
September 26, 2003
Inception Price $15.00
Total Assets***
$522,363,336
Net Assets
$374,767,261
Loans**** 0.00%
Preferred Shares**** 0.00%
Reverse
Repos**** 28.26%
Market Price $11.43
NAV
$12.86
(Daily NAV is available on market quotation systems using the
symbol XWIAX.)
Distribution Rate*****
$0.0345 per share
Frequency
Monthly (Declared quarterly, paid
monthly)
Note: Prior to April 27, 2018, the fund was known as Western
Asset/Claymore Inflation-Linked Securities & Income Fund.
* 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 highest 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 difference between total assets and net assets, if any, is
due primarily to the Fund’s use of borrowings; net assets do not
include borrowings. The Fund may employ leverage in the form of
loans, preferred stock, reverse repurchase agreements and/or other
instruments. When the Fund engages in transactions that have a
leveraging effect on the Fund’s portfolio, the value of the Fund
will be more volatile and all other risks will tend to be
compounded. **** Percentages are based on total assets. If the Fund
employs leverage, the Effective Duration is based on net assets.
***** Pursuant to its managed distribution policy, the Fund intends
to make regular monthly distributions to shareholders of its common
stock at a fixed rate per common share, which may be adjusted from
time to time by the Fund's Board of Trustees. Under the Fund's
managed distribution policy, if, for any monthly distribution, the
value of the Fund’s net investment income and net realized capital
gain is less than the amount of the distribution, the difference
will be distributed from the Fund's net assets (and may constitute
a "return of capital"). The Board of Trustees may modify, terminate
or suspend the managed distribution policy at any time, including
when certain events would make part of any return of capital
taxable to shareholders. Any such modification, termination or
suspension could have an adverse effect on the market price for the
Fund's shares.
Western Asset Inflation-Linked Income Fund, a diversified
closed-end investment management company traded on the New York
Stock Exchange under the symbol “WIA,” is advised by Western Asset
Management Company, LLC (“Western Asset”, and formerly, Western
Asset Management Company). Legg Mason Partners Fund Advisor, LLC
(“LMPFA”) provides certain administrative functions. Western Asset
and LMPFA are wholly owned subsidiaries of Legg Mason, Inc. 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 a number of
risks, such as 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. International investing involves
additional risks. These risks are greater in emerging markets.
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
1-888-777-0102, or consult the Fund’s web site at
http://www.lmcef.com. Hard copies of the Fund’s complete audited
financial statements are available free of charge upon request.
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version on businesswire.com: https://www.businesswire.com/news/home/20180802006018/en/
For Western Asset Inflation-Linked Income FundFund Investor
Services, 1-888-777-0102
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