Western Asset Inflation-Linked Income Fund Portfolio Composition as of December 31, 2018
January 30 2019 - 5:30PM
Business Wire
Western Asset Inflation-Linked Income Fund (NYSE: WIA) announces
its portfolio composition as of December 31, 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 81.3% Mortgage-Backed
Securities 6.3% Emerging Market Debt 4.1%
Sovereign Debt External Currency 0.9% Sovereign Debt Local Currency
2.7% Corporates External Currency 0.4%
Investment Grade
Corporate Bonds 3.6% High Yield Corporate Bonds
1.4% Government 0.5% Cash & Other
Securities 2.7%
Credit Quality
Allocation**
AAA 79.7% AA 1.0% A 1.1% BBB 7.2% BB 3.0% B 2.7% CC 0.7% Not Rated
4.5%
Currency
Allocation
US Dollar 84.1% Russian Ruble 3.5% Brazilian Real 2.8% Canadian
Dollar 2.7% Colombian Peso 2.4% Indian Rupee 1.4% Mexican Peso 1.3%
Malaysian Ringgit 1.1% Japanese Yen 0.8% Chilean Peso 0.7%
Indonesian Rupiah 0.7% Argentine Peso 0.5% British Pound 0.1% Euro
-0.1% New Taiwan Dollar -1.9%
Average Life (years)
6.7
Average Effective Duration (years) 7.1
Average Coupon
(%) 2.1
Portfolio Statistics: Inception
Date September 26, 2003
Inception Price $15.00
Total
Assets*** $524,416,965
Net Assets $358,364,040
Loans**** 0.00%
Preferred Shares**** 0.00%
Reverse
Repos**** 31.66%
Market Price $10.59
NAV
$12.29 (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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190130005832/en/
Western Asset Inflation-Linked Income FundFund Investor
Services, 1-888-777-0102
Western Asset Inflation ... (NYSE:WIA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Western Asset Inflation ... (NYSE:WIA)
Historical Stock Chart
From Jul 2023 to Jul 2024