[April 25, 2019] |
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Western Asset Inflation-Linked Income Fund Portfolio Composition as of March 31, 2019
Western Asset Inflation-Linked Income Fund (NYSE: WIA) announces its
portfolio composition as of March 31, 2019.
Investment Objective: The Fund's primary investment objective is
to provide current income. Capital appreciation, when consistent with
current income, is a secondary investment objective.
Portfolio Composition*:
Asset Allocation
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Inflation-Linked
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80.3%
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Mortgage-Backed Securities
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6.5%
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Emerging Market Debt
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5.4%
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Sovereign Debt External Currency
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1.7%
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Sovereign Debt Local Currency
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2.6%
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Corporates External Currency
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1.2%
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Investment Grade Corporate Bonds
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4.4%
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High Yield Corporate Bonds
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1.5%
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Cash & Other Securities
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1.9%
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Credit Quality Allocation**
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AAA
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78.7%
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AA
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1.3%
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A
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1.4%
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BBB
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7.8%
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BB
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3.7%
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B
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2.4%
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CCC
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0.5%
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CC
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0.2%
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Not Rated
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3.9%
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Currency Allocation
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US Dollar
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87.2%
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Brazilian Real
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3.5%
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Russian Ruble
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2.9%
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Colombian Peso
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2.7%
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Indian Rupee
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1.3%
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Indonesian Rupiah
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1.0%
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Malaysian Ringgit
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0.8%
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Japanese Yen
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0.7%
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Chilean Peso
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0.7%
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Mexican Peso
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0.6%
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Argentine Peso
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0.4%
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Euro
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-0.1%
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New Taiwan Dollar
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-1.8%
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Average Life (years)
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6.2
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Average Effective Duration (years)
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6.5
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Average Coupon (%)
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2.1
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Portfolio Statistics:
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Inception Date
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September 26, 2003
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Inception Price
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$15.00
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Total Assets***
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$541,637,369
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Net Assets
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$374,315,182
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Loans****
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0.00%
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Preferred Shares****
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0.00%
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Reverse Repos****
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30.89%
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Market Price
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$11.21
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NAV
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$12.84
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(Daily NAV is available on market quotation systems using the symbol
XWIAX.)
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Distribution Rate*****
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$0.0345 per share
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Frequency
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Monthly (Declared quarterly, paid monthly)
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Note: Prior to April 27, 2018, the fund was known as Western
Asset/Claymore Inflation-Linked Securities & Income Fund.
*
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Portfolio holdings and weightings are historical and are presented
here for informational purposes only. They are subject to change at
any time. Negative allocations and allocations in excess of 100%, if
any, are primarily due to the Fund's unsettled trade activity.
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**
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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 highest 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.
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***
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The difference between total assets and net assets, if any, is due
primarily to the Fund's use of borrowings; net assets do not
include borrowings. The Fund may employ leverage in the form of
loans, preferred stock, reverse repurchase agreements and/or other
instruments. When the Fund engages in transactions that have a
leveraging effect on the Fund's portfolio, the value of the Fund
will be more volatile and all other risks will tend to be
compounded.
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****
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Percentages are based on total assets. If the Fund employs
leverage, the Effective Duration is based on net assets.
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*****
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Pursuant to its managed distribution policy, the Fund intends to
make regular monthly distributions to shareholders of its common
stock at a fixed rate per common share, which may be adjusted from
time to time by the Fund's Board of Trustees. Under the Fund's
managed distribution policy, if, for any monthly distribution, the
value of the Fund's net investment income and net realized capital
gain is less than the amount of the distribution, the difference
will be distributed from the Fund's net assets (and may constitute
a "return of capital"). The Board of Trustees may modify,
terminate or suspend the managed distribution policy at any time,
including when certain events would make part of any return of
capital taxable to shareholders. Any such modification,
termination or suspension could have an adverse effect on the
market price for the Fund's shares.
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Western Asset Inflation-Linked Income Fund, a diversified closed-end
investment management company traded on the New York Stock Exchange
under the symbol "WIA," is advised by Western Asset Management Company,
LLC ("Western Asset", and formerly, Western Asset Management Company).
Legg Mason Partners Fund Advisor, LLC ("LMPFA") provides certain
administrative functions. Western Asset and LMPFA are wholly owned
subsidiaries of Legg Mason, Inc. 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 a number of risks, such as 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.
International investing involves additional risks. These risks are
greater in emerging markets.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190425006028/en/
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