Western Asset Worldwide Income Fund Inc. Portfolio Composition as of June 30, 2016
August 01 2016 - 8:00AM
Business Wire
Western Asset Worldwide Income Fund Inc. (NYSE:SBW) announces
its portfolio composition as of June 30, 2016.
Investment Objective: The Fund seeks to maintain a high
level of current income. As a secondary objective, the Fund seeks
to maximize total return.
Portfolio Composition*:
Asset
Allocation
Emerging Market Debt
98.8%
Sovereign Debt External Currency
73.5%
Sovereign Debt Local Currency
3.0%
Corporates External Currency
22.2%
Investment Grade Corporate
Bonds
0.3%
Cash & Other Securities
0.9%
Credit Quality
Allocation**
AA 2.7% A 13.6% BBB 47.2% BB 17.6% B 13.7% CCC 3.3% C 0.4% Not
Rated 1.5%
Top Ten Emerging
Market Countries
Mexico 10.9% Indonesia 9.1% Russia 8.9% Argentina 8.0% Brazil 7.3%
Turkey 6.3% Colombia 5.6% Peru 4.7% Venezuela 3.3% China 3.0%
Currency
Allocation
US Dollar 98.6% Indonesian Rupiah 1.5% Russian Ruble 0.7% Indian
Rupee 0.4% Argentine Peso 0.3% Euro -0.8% Singapore Dollar -0.8%
Average Life (years)
9.8
Effective Duration (years)
8.2
Average Coupon (%)
6.3
Portfolio Statistics:
Inception Date
December 31, 1993
Inception Price
$15.00
Total Assets***
$212,225,307
Net Assets
$166,521,501
Loans****
21.20%
Preferred Shares****
0.00%
Reverse Repos****
0.00%
Market Price
$10.99
NAV
$12.79 (Daily NAV is available on market quotation systems using
the symbol XSBWX.)
Distribution Rate*****
$0.0725 per share
Frequency
Monthly (Declared Quarterly, paid
Monthly)
* 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 Directors. 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 assets (and will
constitute a "return of capital"). The Board of Directors 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 Worldwide Income Fund Inc., a non-diversified
closed-end investment management company, is 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. 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.
FN1112222
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version on businesswire.com: http://www.businesswire.com/news/home/20160801005292/en/
Western Asset Worldwide Income Fund Inc.Maria Rosati,
1-212-805-6036mrosati@leggmason.com
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