NEW YORK -- (Business Wire)
Western Asset High Income Opportunity Fund Inc. (NYSE: HIO) announces
its portfolio composition as of March 31, 2011.
Investment Objective: The Fund seeks a high current income.
Capital appreciation is a secondary objective.
Portfolio Composition*: | |
|
|
Asset Allocation | |
High Yield Corporate Bonds |
85.9%
|
Investment Grade Corporate Bonds |
6.1%
|
Emerging Market Debt |
3.2%
|
Corporates External Currency |
3.0%
|
Sovereign Debt External Currency |
0.2%
|
Mortgage-Backed Securities |
0.2%
|
Cash & Other Securities |
4.6%
|
|
|
Credit Quality Allocation** | |
|
A
|
0.4%
|
|
BBB
|
1.2%
|
|
BB
|
17.9%
|
|
B
|
45.9%
|
|
CCC
|
19.7%
|
|
CC
|
4.3%
|
|
C
|
2.0%
|
|
D
|
0.3%
|
|
Not Rated
|
8.2%
|
|
|
Top Ten High Yield Industries | |
|
Consumer Cyclical
|
16.1%
|
|
Communications
|
11.7%
|
|
Consumer Non Cyclical
|
9.2%
|
|
Energy
|
9.1%
|
|
Basic Industry
|
7.1%
|
|
Transportation
|
6.5%
|
|
Electric
|
5.6%
|
|
Capital Goods
|
5.3%
|
|
Technology
|
4.6%
|
|
Finance Companies
|
3.7%
|
|
|
Top Five Emerging Market Countries | |
|
Mexico
|
0.9%
|
|
Russia
|
0.6%
|
|
South Africa
|
0.6%
|
|
Thailand
|
0.5%
|
|
India
|
0.5%
|
|
|
Currency Allocation | |
|
US Dollar
|
99.5%
|
|
Euro
|
0.5%
|
|
|
Average Life (years) |
6.5
|
Effective Duration (years) |
4.2
|
Average Coupon (%) |
8.3
|
|
|
Portfolio Statistics: | |
|
|
Inception Date |
November 16, 1993
|
Inception Price |
$12.50
|
Total Assets |
$479,275,350
|
Loans |
0.0%
|
Preferred Shares |
0.0%
|
Reverse Repos |
0.0%
|
|
|
|
Market Price
|
$6.36
|
|
NAV
|
$6.39
|
(Daily NAV is available on market quotation systems using the
symbol XHIOX.)
|
|
|
Distribution Rate |
$0.0450 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.
|
| | |
|
|
**
| | |
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. For this purpose, if two or more of the agencies
have assigned differing ratings to a security, the lowest 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. |
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, 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 Services at 888-777-0102
or consult the Fund’s web site at www.leggmason.com/cef.
FN1011949
Contacts:
Western Asset High Income Opportunity Fund Inc.
Fund Investor
Services, 888-777-0102
Source: Western Asset High Income Opportunity Fund Inc.
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