Western Asset High Yield Defined Opportunity Fund Inc. HYI announces its portfolio composition as of June 30, 2019.
Investment Objective: The Fund's primary investment objective is high income. Capital appreciation is a secondary objective.
Portfolio Composition*:
Asset Allocation |
|
High Yield Corporate Bonds |
72.7% |
Emerging Market |
18.4% |
Corporates External Currency |
10.5% |
Sovereign Debt External Currency |
3.3% |
Sovereign Debt Local Currency |
4.6% |
Investment Grade Corporate Bonds |
5.4% |
Bank Loans |
2.0% |
Government |
0.9% |
Cash & Other Securities |
0.6% |
|
|
Credit Quality Allocation** |
|
AA |
0.9% |
BBB |
8.7% |
BB |
30.5% |
B |
45.6% |
CCC |
12.3% |
NR |
1.9% |
|
|
Top Ten High Yield Industries |
|
Communications |
17.4% |
Energy |
10.8% |
Consumer Non Cyclical |
10.5% |
Capital Goods |
9.6% |
Banking |
7.5% |
Consumer Cyclical |
7.1% |
Basic Industry |
4.1% |
Technology |
1.9% |
Financial Other |
1.1% |
Transportation |
1.0% |
Top Emerging Market Countries |
|
Brazil |
5.6% |
Argentina |
4.0% |
Russia |
2.7% |
Ecuador |
1.3% |
Israel |
1.3% |
Indonesia |
0.7% |
Mexico |
0.5% |
Uruguay |
0.4% |
Colombia |
0.4% |
Ukraine |
0.4% |
Ghana |
0.3% |
United Arab Emirates |
0.3% |
Turkey |
0.3% |
Macau |
0.3% |
|
|
Average Life (years) |
6.1 |
Effective Duration (years) |
4.1 |
Average Coupon (%) |
6.9 |
|
|
Portfolio Statistics: |
|
|
|
Inception Date |
October 27, 2010 |
Inception Price |
$20.00 |
Total Assets*** |
$374,271,761 |
Loans**** |
0.00% |
Preferred Shares**** |
0.00% |
Reverse Repos**** |
0.00% |
|
|
Market Price |
$14.97 |
NAV |
$16.45 |
(Daily NAV is available on market quotation systems using the symbol XHYIX.) |
|
Distribution Rate |
$0.0890 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. |
** |
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 lowest 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 Fund will not leverage its capital structure by issuing senior securities such as preferred shares or debt instruments. The Fund will also not borrow money for the purpose of leverage. The Fund may invest in reverse repurchase agreements and/or other instruments which can increase the risks and volatility of the Fund. |
**** |
Percentages are based on total assets. If the Fund employs leverage, the Effective Duration is based on net assets. |
Western Asset High Yield Defined Opportunity 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. Fixed income securities are subject to 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. High yield or "junk bonds" are subject to additional risks.
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.
FN1112209
View source version on businesswire.com: https://www.businesswire.com/news/home/20190723005262/en/
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
