Western Asset Worldwide Income Fund Inc. Portfolio Composition as of September 30, 2014
30 Outubro 2014 - 11:25AM
Business Wire
Western Asset Worldwide Income Fund Inc. (NYSE: SBW) announces
its portfolio composition as of September 30, 2014.
Investment Objective: The Fund seeks to maintain a high
level of current income. As a secondary objective, the Fund seeks
to maximize total return.
Portfolio Composition*:
Asset
Allocation
Emerging Market Debt
98.2%
Sovereign Debt External Currency
57.1%
Sovereign Debt Local Currency
5.3%
Corporates External Currency
35.5%
Corporates Local Currency
0.2%
Cash & Other Securities
1.8%
Credit Quality
Allocation**
AA 2.5% A 20.9% BBB 40.7% BB 19.0% B 13.1% CCC 2.0% Not Rated 1.8%
Top Ten Emerging
Market Countries
Mexico 17.3% Brazil 13.1% Russia 8.4% Turkey 7.5% Colombia 7.5%
Indonesia 7.1% Venezuela 6.6% Peru 5.0% Chile 3.4% India 2.4%
Currency
Allocation
US Dollar 95.2% Mexican Peso 2.8% Brazilian Real 2.0%
Average Life (years)
9.8
Effective Duration (years)
6.4
Average Coupon (%)
6.6
Portfolio Statistics:
Inception Date
December 31, 1993
Inception Price
$15.00
Total Assets***
$212,830,784
Net Assets
$182,427,186
Loans
13.89%
Preferred Shares
0.00%
Reverse Repos
0.27%
Market Price
$12.24
NAV
$14.01
(Daily NAV is available on market
quotation systems using the symbol XSBWX.)
Distribution Rate****
$0.0800 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. Negative allocations and
allocations in excess of 100%, if any, are primarily due to the
Fund’s 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. 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.
*** 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. ****
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
Directors. 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
assets (and will constitute a “return of capital”). The Board of
Directors 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.
Western Asset Worldwide Income Fund Inc., a non-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 Relations at
888-777-0102, or consult the Fund’s web site at
http://www.lmcef.com.
Legg Mason Inc.Maria Rosati,
212-805-6036mrosati@leggmason.com
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