Western Asset Worldwide Income Fund Inc. Portfolio Composition as of June 30, 2014
25 Juillet 2014 - 2:00PM
Business Wire
Western Asset Worldwide Income Fund Inc. (NYSE:SBW) announces
its portfolio composition as of June 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
99.7%
Sovereign Debt External Currency
58.6%
Sovereign Debt Local Currency
6.8%
Corporates External Currency
34.1%
Corporates Local Currency
0.2%
Cash & Other Securities
0.3%
Credit Quality
Allocation**
AA 2.5% A 19.0% BBB 50.3% BB 14.1% B 13.6% CCC 0.2% Not Rated 0.3%
Top Ten Emerging
Market Countries
Mexico 17.3% Brazil 13.7% Russia 11.5% Turkey 8.0% Venezuela 7.5%
Indonesia 7.1% Colombia 6.9% Peru 5.0% Chile 3.7% Poland 2.6%
Currency
Allocation
US Dollar 93.9% Mexican Peso 3.8% Brazilian Real 2.3%
Average Life (years)
10.3
Effective Duration (years)
6.7
Average Coupon (%)
6.7
Portfolio Statistics:
Inception Date
December 31, 1993
Inception Price
$15.00
Total Assets***
$212,573,885
Net Assets
$189,915,012
Loans
10.02%
Preferred Shares
0.00%
Reverse Repos
0.27%
Market Price
$13.15
NAV
$14.59 (Daily NAV is available on market quotation systems using
the symbol XSBWX.)
Distribution Rate****
$0.0840 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.
FN1112222
Western Asset Worldwide Income Fund Inc.Maria Rosati,
1-212-805-6036mrosati@leggmason.com
Western Asset Worldwide Income Fund Inc. (NYSE:SBW)
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