Western Asset Inflation-Linked Income Fund Portfolio Composition as of September 30, 2018
November 01 2018 - 8:30AM
Business Wire
Western Asset Inflation-Linked Income Fund (NYSE:WIA) announces
its portfolio composition as of September 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
80.6%
Mortgage-Backed Securities
6.1%
Investment Grade Corporate
Bonds
4.3%
Emerging Market Debt
4.1%
Sovereign Debt External Currency
1.0%
Sovereign Debt Local Currency
2.6%
Corporates External Currency
0.5%
High Yield Corporate Bonds
1.9%
Cash & Other Securities
3.0%
Credit Quality
Allocation**
AAA 80.9% AA 1.0% A 1.2% BBB 6.3% BB 2.2% B 1.9% CCC 1.5% CC 0.5%
Not Rated 4.5%
Currency
Allocation
US Dollar 84.5% Russian Ruble 3.7% Canadian Dollar 3.5% Colombian
Peso 2.6% Mexican Peso 2.1% Brazilian Real 1.2% Malaysian Ringgit
1.1% Japanese Yen 0.7% Chilean Peso 0.7% Indian Rupee 0.6%
Indonesian Rupiah 0.6% Argentine Peso 0.4% British Pound 0.1% New
Taiwan Dollar -1.9%
Average Life (years)
8.0
Average Effective Duration
(years)
9.2
Average Coupon (%)
2.1
Portfolio Statistics:
Inception Date
September 26, 2003
Inception Price
$15.00
Total Assets***
$528,082,502
Net Assets
$369,864,115
Loans****
0.00%
Preferred Shares****
0.00%
Reverse Repos****
29.96%
Market Price
$11.26
NAV
$12.69 (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/20181101005348/en/
Shareholders:Fund Investor Services1-888-777-0102
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