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Western Asset High Income Opportunity Fund Inc. as of December 31, 2008


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Published in Business and Finance on , Last Modified on 2009-01-26 14:46:02 by Market Wire   Print publication without navigation


NEW YORK--([ BUSINESS WIRE ])--Western Asset High Income Opportunity Fund Inc. (NYSE: HIO) announces its portfolio composition as of December 31, 2008.

Investment Objective: The Fund seeks a high current income. Capital appreciation is a secondary objective.

Portfolio Composition*:

 

Asset Allocation

High Yield

  83.5%

Investment Grade

11.6%

Emerging Market Debt

3.4%
Non-Investment Grade 2.3%

US Dollar

2.3%
Investment Grade 1.1%

US Dollar

1.1%

Cash & Other Securities

1.3%

Mortgage Backed

0.2%

 

Credit Quality Allocation (Higher of S&P/Moody/Fitch)

Aaa/AAA 1.7%
Aa/AA 0.1%
A/A 2.5%
Baa/BBB 8.2%
Ba/BB 26.1%
B/B 43.0%
Caa/CCC 15.7%
Ca/CC 0.3%
C/C 2.2%
D/D 0.2%
 

Top Ten High Yield Industries

Communications 15.7%
Consumer Cyclical 13.4%
Consumer Non Cyclical 10.2%
Capital Goods 9.6%
Electric 9.4%
Energy 6.6%
Basic Industry 6.0%
Transportation 3.9%
Technology 2.5%
Natural Gas 2.2%
 

Top Five Emerging Market Countries

Mexico 1.3%
Russia 1.2%
Thailand 0.5%
Kazakhstan 0.4%
Argentina 0.1%
 

Currency Allocation

US Dollar 100.0%
 

Average Life (years)

7.8

Effective Duration (years)

3.7

Average Credit Quality (S&P)

B

Portfolio Statistics:

 
 
Inception Date November 16, 1993
Inception Price $12.50
Total Net Assets $314,382,774
Market Price $3.98
NAV $4.25
(Daily NAV is available on market quotation systems using the symbol XHIOX.)
 
Distribution Rate $0.0500 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 Opportunity 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 and Western Asset Management Company Limited, affiliates 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 ].


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