Western Asset Inflation-Linked Income Fund Portfolio Composition as of March 31, 2019
April 25 2019 - 6:00PM
Business Wire
Western Asset Inflation-Linked Income Fund (NYSE: WIA) announces
its portfolio composition as of March 31, 2019.
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
80.3%
Mortgage-Backed Securities
6.5%
Emerging Market Debt
5.4%
Sovereign Debt External Currency
1.7%
Sovereign Debt Local Currency
2.6%
Corporates External Currency
1.2%
Investment Grade Corporate
Bonds
4.4%
High Yield Corporate Bonds
1.5%
Cash & Other Securities
1.9%
Credit Quality
Allocation**
AAA 78.7% AA 1.3% A 1.4% BBB 7.8% BB 3.7%
B
2.4% CCC 0.5% CC 0.2% Not Rated 3.9%
Currency
Allocation
US Dollar 87.2% Brazilian Real 3.5% Russian Ruble 2.9% Colombian
Peso 2.7% Indian Rupee 1.3% Indonesian Rupiah 1.0% Malaysian
Ringgit 0.8% Japanese Yen 0.7% Chilean Peso 0.7% Mexican Peso 0.6%
Argentine Peso 0.4% Euro -0.1% New Taiwan Dollar -1.8%
Average Life (years)
6.2
Average Effective Duration
(years)
6.5
Average Coupon (%)
2.1
Portfolio Statistics:
Inception Date
September 26, 2003
Inception Price
$15.00
Total Assets***
$541,637,369
Net Assets
$374,315,182
Loans****
0.00%
Preferred Shares****
0.00%
Reverse Repos****
30.89%
Market Price
$11.21
NAV
$12.84 (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/20190425006028/en/
Western Asset Inflation-Linked Income FundFund Investor Services
at 1-888-777-0102
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