Western Asset High Income Fund Inc. as of September 30, 2010
October 22 2010 - 8:00AM
Business Wire
Western Asset High Income Fund Inc. (NYSE: HIF) announces its
portfolio composition as of September 30, 2010.
Investment Objective: The Fund seeks to maintain a high
level of current income. As a secondary objective, the Fund seeks
capital appreciation.
Portfolio Composition*:
Asset
Allocation
High Yield Corporate Bonds
81.3%
Emerging Market Debt
12.7%
Sovereign Debt External Currency
3.7%
Sovereign Debt Local Currency
1.2%
Corporates External Currency
7.7%
Investment Grade Corporate
Bonds
5.0%
Cash & Other Securities
1.0%
Credit Quality
Allocation**
A 0.5 % BBB 4.6 % BB 23.2 % B 43.6 % CCC 20.6
% CC 1.5 % C 1.8 % D 0.7 % Not Rated 3.6 %
Top Ten High
Yield Industries
Consumer Cyclical 13.6 % Communications 12.8 %
Consumer Non Cyclical 11.0 % Energy 10.0 % Basic Industry 7.7 %
Electric 4.6 % Transportation 4.2 % Capital Goods 3.7 % Finance
Companies 3.5 % Technology 2.7 %
Top Five Emerging
Market Countries
Brazil 2.9 % Russia 2.7 % Mexico 1.7 % Turkey
1.0 % Thailand 0.9 %
Currency
Allocation
US Dollar 98.6 % Brazilian Reals 0.7 %
Indonesian Rupiahs 0.5 % Russian Rubles 0.1 % Euro 0.1 %
Average Life (years)
6.11
Effective Duration (years)
4.17
Average Coupon (%)
8.51
Portfolio Statistics:
Inception Date
January 29, 1993
Inception Price
$15.00
Total Assets
$46,790,777
Market Price
$10.05
NAV
$9.36
(Daily NAV is available on market
quotation systems using the symbol XHIFX.)
Distribution Rate
$0.0750 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. Any negative weightings are primarily due to
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. For this purpose, if 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.
Western Asset High Income Fund Inc., a 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
888-777-0102, or consult the Fund’s web site at
www.leggmason.com/cef.
FN1011948
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