Western Asset Inflation-Linked Opportunities & Income Fund Portfolio Composition as of March 31, 2019
April 25 2019 - 6:00PM
Business Wire
Western Asset Inflation-Linked Opportunities & Income Fund
(NYSE:WIW) 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 80.2% Emerging Market Debt
7.4% Sovereign Debt External Currency 2.0% Sovereign Debt
Local Currency 4.2% Corporates External Currency 1.2%
Investment
Grade Corporate Bonds 4.4% Mortgage-Backed
Securities 3.5% High Yield Corporate Bonds
2.5% Asset-Backed Securities 0.5% Cash
& Other Securities 1.5%
Credit Quality
Allocation**
AAA 76.4% AA 1.1% A 1.9% BBB 8.9% BB 3.8% B 2.6% CCC 0.8% CC 0.6%
Not Rated 4.0%
Currency
Allocation
US Dollar 84.6% Russian Ruble 3.6% Brazilian Real 3.5% Colombian
Peso 2.4% Indian Rupee 1.4% Mexican Peso 1.1% Malaysian Ringgit
1.1% Indonesian Rupiah 1.0% Japanese Yen 0.7% Argentine Peso 0.7%
Chilean Peso 0.7% Uruguayan Peso 0.6% New Taiwan Dollar -1.5%
Average Life (years) 5.8
Average Effective
Duration (years) 6.3
Average Coupon (%) 2.4
Portfolio Statistics: Inception Date February
25, 2004
Inception Price $15.00
Total Assets***
$1,086,056,094
Net Assets $761,007,344
Loans****
0.00%
Preferred Shares**** 0.00%
Reverse Repos****
29.93%
Market Price $10.73
NAV $12.44 (Daily
NAV is available on market quotation systems using the symbol
XWIWX.)
Distribution Rate***** $0.0360 per share
Frequency Monthly (Declared quarterly, paid monthly)
Note: Prior to April 27, 2018, the fund was known as Western
Asset/Claymore Inflation-Linked Opportunities & 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 Opportunities & Income Fund,
a diversified closed-end investment management company traded on
the New York Stock Exchange under the symbol “WIW,” 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. 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/20190425005863/en/
Fund Investor Services1-888-777-0102
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