Western Asset Inflation-Linked Opportunities & Income Fund Portfolio Composition as of June 30, 2019
July 23 2019 - 11:02AM
Business Wire
Western Asset Inflation-Linked Opportunities & Income Fund
(NYSE: WIW) announces its portfolio composition as of June 30,
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
7.5%
Sovereign
Debt External Currency
2.0%
Sovereign
Debt Local Currency
4.3%
Corporates
External Currency
1.2%
Investment Grade Corporate
Bonds
4.7%
Mortgage-Backed Securities
3.5%
High Yield Corporate Bonds
2.4%
Asset-Backed Securities
0.5%
Government
-0.1%
Cash & Other Securities
1.3%
Credit Quality
Allocation**
AAA
76.3%
AA
1.1%
A
1.9%
BBB
9.2%
BB
4.0%
B
2.6%
CCC
0.6%
CC
0.7%
Not Rated
3.7%
Currency
Allocation
US Dollar
84.3%
Brazilian Real
3.7%
Russian Ruble
3.7%
Colombian Peso
2.3%
Indian Rupee
1.3%
Mexican Peso
1.2%
Malaysian Ringgit
1.1%
Indonesian Rupiah
1.0%
Chilean Peso
0.8%
Argentine Peso
0.7%
Japanese Yen
0.7%
Uruguayan Peso
0.6%
New Taiwan Dollar
-1.4%
Average Life (years)
7.4
Average Effective Duration
(years)
9.3
Average Coupon (%)
2.3
Portfolio Statistics:
Inception Date
February 25, 2004
Inception Price
$15.00
Total Assets***
$1,129,791,885
Net Assets
$787,113,260
Loans****
0.00%
Preferred
Shares****
0.00%
Reverse
Repos****
30.33%
Market Price
$11.19
NAV
$12.86
(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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190723005711/en/
Fund Investor Services, 1-888-777-0102 http://www.lmcef.com
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