Business & Finance
Tue, January 27, 2009Mon, January 26, 2009Western Asset High Income Opportunity Fund Inc. as of December 31, 2008
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Published in Business and Finance on Monday, January 26th 2009 at 14:45 GMT, Last Modified on 2009-01-26 14:46:02 by Market Wire🞛 This publication is a summary or evaluation of another publication
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 ].