Western Asset Premier Bond:WEA

    Manage Alerts

    Overview

    As of 10/23/2020

     Share
    Price
    NAVPremium/
    Discount
    Current$13.12$14.24-7.87%
    52 Wk Avg$13.46$13.99-3.86%
    52 Wk High$14.89$14.921.94%
    52 Wk Low$9.05$10.78-15.49%
    Regular Distribution TypeIncome Only
    Distribution Rate6.04%
    Distribution Amount$0.0660
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    To provide current income and capital appreciation by investing primarily in a diversified portfolio of investment grade bonds, including corporate bonds, US government and agency securities and mortgage-related securities. It will invest at least 65% of its managed assets in bonds are investment grade quality and up to 35% in bonds of below investment grade quality. It will invest at least 80% of its managed assets in bonds and up to 20% in securities or instruments other than bonds and may invest up to 10% in instruments denominated in currencies other than US dollar.

    Capital Structure

    As of 10/23/2020

    Total Investment Exposure:$235.167M
    Total Common Assets:$168.578M
    Common Shares Outstanding:11,863,337
    Leverage

    As of 10/22/2020

    Preferred Share Assets:
    Total Debt (USD): $66.589M
    Regulatory Leverage (USD): $57.500M
    Effective Leverage (USD): $66.589M
    Effective Leverage (%): 28.32%
    Annual Expense Ratios

    As of 12/31/2019

      Per Common Share
    Management Fees0.76%
    Other Expenses:0.24%
    Baseline Expense: N/A
    Interest Expense:1.14%
    Total: 2.14%
    Fund Management

    Fund Sponsor
    Legg Mason

    Portfolio Managers
    Christopher F. Kilpatrick, S. Kenneth Leech, Michael C. Buchanan

    Basics
    Category: Fixed Income - Taxable-Investment Grade
    Ticker: WEA
    NAV Ticker: XWEAX
    Average Daily Volume (shares): 31,696
    Average Daily Volume (USD): $0.415M
    Inception Date: 3/28/2002
    Inception Share Price: $15.00
    Inception NAV: $14.32
    Tender Offer: No
    Term: No
    Fiscal Year End: December 31
    Third Party Links & Reports

    Distributions

    As of 10/23/2020

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 6/30/2020
    $0.4262
    Annualized Distribution Rate on NAV:
    As of 10/23/2020
    5.56%
    Total Return on NAV (12 months):
    As of 10/23/2020
    3.71%
    Avg. Portfolio Coupon:
    As of 10/23/2020
    5.25%
    Total % Portfolio Effectively Leveraged:
    As of 10/23/2020
    28.32%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 10/23/2020

    PeriodAvg Discount
    6 Month-4.48%
    1 Year-3.86%
    3 Year-5.43%
    5 Year-5.08%
    Z-Score

    As of 10/23/2020

    PeriodZStat
    3 Month-0.97
    6 Month-1.55
    1 Year-1.36
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 9/30/2020
    Category: Morningstar US CEF Investment Grade

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-7.65%0.63%-0.85%2.31%
    201928.45%19.22%22.17%13.63%
    2018-6.88%-5.13%-5.98%-2.32%
    201713.59%11.03%10.93%8.34%
    201615.43%14.47%10.79%8.05%
    2015-5.04%-4.78%0.71%-1.10%
    20142.92%7.53%8.71%7.36%
    20130.97%7.71%-4.78%0.23%
    20126.19%24.90%13.98%13.94%
    201124.84%4.17%8.46%5.12%
    201017.57%25.40%11.32%12.89%
    200969.14%60.76%34.31%31.42%
    2008-24.24%-32.80%-13.16%-18.95%
    2007-5.81%2.81%  
    200620.56%10.52%  
    2005-7.73%4.24%  
    200410.94%12.65%  
    200321.65%20.96%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 9/30/2020
    Category: Morningstar US CEF Investment Grade

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 10/23/2020
    5.25%
    Average Maturity:
    As of 8/31/2020
    6.25 yrs
    Number of Holdings:
    As of 8/31/2020
    334
    Annual Portfolio Turnover:
    As of 12/31/2019
    47.00%
    Average Bond Price:
    As of 8/31/2020
    $110.52
    Asset Allocation

    As of 8/31/2020 reported by Fund Sponsor

    Top Sectors

    As of 8/31/2020 reported by Fund Sponsor

    Sector%Portfolio
    Corporate Bond102.05%
    Corporate (Super Sector)86.32%
    Government (Super Sector)13.10%
    Government12.98%
    Securitized (Super Sector)5.38%
    Convertible4.78%
    Asset Backed4.02%
    Non Agency Residential Mortgage Backed0.86%
    Covered Bond0.45%
    Government Related0.12%
    Top Holdings

    As of 8/31/2020 reported by Fund Sponsor

    HoldingValue% Portfolio
    HILTON WORLDWIDE FINANCE HLT TL B 1L USD$5.67M3.32%
    Barclays Bank plc 7.62%$5.37M3.15%
    DELTA AIR LINES INC DAL TL B 1L USD$3.43M2.01%
    CHARTER COMMUNICATIONS OPER CHTR TL B1 1L USD$2.99M1.75%
    T-MOBILE USA INC TMUS TL B 1L USD$2.91M1.70%
    Ecopetrol S.A. 5.88%$2.89M1.69%
    United States Treasury Notes 2.88%$2.74M1.60%
    JPMorgan Chase & Co Pfd$2.73M1.60%
    DELL INTERNATIONAL LLC DELL TL B 1L USD$2.68M1.57%
    National Australia Bank Evergreen Repo Loan$-57.50M-33.67%
    Credit Quality

    As of 8/31/2020 reported by Fund Sponsor

    Maturity Breakdown

    As of 8/31/2020 reported by Fund Sponsor

    Country Allocation

    As of 8/31/2020 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income56.77%
    United Kingdom - Fixed Income9.20%
    Brazil - Fixed Income4.62%
    Indonesia - Fixed Income3.18%
    France - Fixed Income2.83%
    Israel - Fixed Income2.61%
    Colombia - Fixed Income2.21%
    Italy - Fixed Income2.20%
    Peru - Fixed Income2.02%
    Switzerland - Fixed Income1.70%
    Argentina - Fixed Income1.65%
    Russia - Fixed Income1.59%
    Others - Fixed Income1.40%
    Canada - Fixed Income1.27%
    Germany - Fixed Income1.24%
    Belgium - Fixed Income1.07%
    Netherlands - Fixed Income0.86%
    Mexico - Fixed Income0.86%
    Ireland - Fixed Income0.60%
    China - Fixed Income0.57%
    United States - Equity0.03%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    EWB-1014244PR-E1119W