Business & Finance
Business and Finance
Business and Finance
Tue, January 27, 2009
Mon, January 26, 2009 Western Asset High Income Fund Inc. as of December 31, 2008
NEW YORK--([ BUSINESS WIRE ])--Western Asset High Income Fund Inc. (NYSE: HIF) announces its portfolio composition as of December 31, 2008.
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 | 73.2% | ||
Emerging Market Debt | 15.1% | ||
| Non-Investment Grade | 8.7% | ||
| US Dollar | 7.9% | ||
| Local Currency | 0.8% | ||
| Investment Grade | 6.4% | ||
| US Dollar | 5.3% | ||
| Local Currency | 1.1% | ||
Investment Grade | 9.9% | ||
Cash & Other Securities | 1.8% | ||
Credit Quality Allocation (Higher of S&P/Moody/Fitch) | |||
| Aaa/AAA | 2.4% | ||
| Aa/AA | 0.1% | ||
| A/A | 2.4% | ||
| Baa/BBB | 11.6% | ||
| Ba/BB | 29.5% | ||
| B/B | 38.5% | ||
| Caa/CCC | 12.9% | ||
| Ca/CC | 0.3% | ||
| C/C | 2.1% | ||
| D/D | 0.2% | ||
Top Ten High Yield Industries | |||
| Communications | 12.8% | ||
| Consumer Cyclical | 12.7% | ||
| Consumer Non Cyclical | 9.2% | ||
| Electric | 8.4% | ||
| Capital Goods | 8.2% | ||
| Basic Industry | 5.9% | ||
| Energy | 5.6% | ||
| Natural Gas | 3.1% | ||
| Transportation | 2.4% | ||
| Technology | 1.9% | ||
Top Five Emerging Market Countries | |||
| Mexico | 2.6% | ||
| Brazil | 2.5% | ||
| Russia | 2.1% | ||
| Kazakhstan | 1.8% | ||
| Turkey | 1.6% | ||
Currency Allocation | |||
| US Dollars | 98.1% | ||
| Egyptian Pounds | 0.7% | ||
| Indonesian Rupiahs | 0.4% | ||
| Malaysian Ringgit | 0.4% | ||
| Indian Rupee | 0.3% | ||
| Russian Rubles | 0.1% | ||
Average Life (years) | 7.5 | ||
Effective Duration (years) | 3.8 | ||
Average Credit Quality (S&P) | B+ | ||
Portfolio Statistics: | |||
| Inception Date | January 29, 1993 | ||
| Inception Price | $15.00 | ||
| Total Net Assets | $33,008,533 | ||
| Market Price | $5.96 | ||
| NAV | $6.42 | ||
| (Daily NAV is available on market quotation systems using the symbol XHIFX.) | |||
| Distribution Rate | $0.0700 per share | ||
| Frequency | Monthly (Declared quarterly, paid monthly) | ||
| Leverage | Not applicable | ||
| * | Portfolio holdings and weightings are historical and are presented here for informational purposes only. They are subject to change at any time. |
Western Asset High Income Fund Inc., a diversified closed-end investment management company, 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 adviser.
Past performance is no guarantee of future results. An investment in the Fund involves risk, including loss of principal. Investment return and the value of shares will fluctuate.
For more information, please call Fund Investor Services at 888-777-0102, or consult the Fund's web site at [ www.leggmason.com/cef ].
