Western Asset Premier Bond:WEA

    Manage Alerts

    Overview

    As of 5/20/2022

     Share
    Price
    NAVPremium/
    Discount
    Current$10.88$11.91-8.65%
    52 Wk Avg$13.57$14.03-3.41%
    52 Wk High$14.87$14.830.47%
    52 Wk Low$10.84$11.91-9.31%
    Regular Distribution TypeIncome Only
    Distribution Rate7.28%
    Distribution Amount$0.0660
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    the Fund expects to invest substantially all (but at least 80%) of its total managed assets in bonds, including corporate bonds, U.S. government and agency securities and mortgage-related securities, and at least 65% of its total managed assets in bonds that, at the time of purchase, are of investment grade quality. The Fund may invest up to 35% of its total managed assets in bonds of below investment grade quality at the time of purchase.

    Capital Structure

    As of 5/20/2022

    Total Investment Exposure:$211.994M
    Total Common Assets:$141.319M
    Common Shares Outstanding:11,865,600
    Leverage

    As of 5/20/2022

    Preferred Share Assets:
    Total Debt (USD): $70.675M
    Regulatory Leverage (USD): $57.500M
    Effective Leverage (USD): $70.675M
    Effective Leverage (%): 33.34%
    Annual Expense Ratios

    As of 12/31/2021

      Per Common Share
    Management Fees0.60%
    Other Expenses:0.34%
    Baseline Expense: N/A
    Interest Expense:0.28%
    Total: 1.22%
    Fund Management

    Fund Sponsor
    Franklin Templeton Investments

    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): 26,646
    Average Daily Volume (USD): $0.357M
    Inception Date: 3/28/2002
    Inception Share Price: $15.00
    Inception NAV: $14.33
    Tender Offer: No
    Term: No
    Fiscal Year End: December 31
    Third Party Links & Reports

    Distributions

    As of 5/20/2022

    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 12/31/2021
    $0.4352
    Annualized Distribution Rate on NAV:
    As of 5/20/2022
    6.65%
    Total Return on NAV (12 months):
    As of 5/20/2022
    -11.13%
    Avg. Portfolio Coupon:
    As of 5/20/2022
    4.96%
    Total % Portfolio Effectively Leveraged:
    As of 5/20/2022
    33.34%

    Pricing Information

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

    As of 5/21/2022

    PeriodAvg Discount
    6 Month-5.46%
    1 Year-3.41%
    3 Year-3.72%
    5 Year-4.75%
    Z-Score

    As of 5/20/2022

    PeriodZStat
    3 Month-1.05
    6 Month-1.12
    1 Year-1.76
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 4/30/2022
    Category: Morningstar US CEF Investment Grade

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-20.85%-12.80%-16.58%-10.63%
    20216.87%1.80%6.10%2.61%
    20202.76%7.28%6.79%7.72%
    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%  
    2008-24.24%-32.80%  
    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 4/30/2022
    Category: Morningstar US CEF Investment Grade

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 5/20/2022
    4.96%
    Average Maturity:
    As of 3/31/2022
    6.08 yrs
    Number of Holdings:
    As of 3/31/2022
    320
    Annual Portfolio Turnover:
    As of 12/31/2021
    32.00%
    Average Bond Price:
    As of 3/31/2022
    $101.46
    Asset Allocation

    As of 3/31/2022

    Top Sectors

    As of 3/31/2022

    Sector%Portfolio
    Corporate Bond104.46%
    Corporate (Super Sector)82.07%
    Government (Super Sector)18.40%
    Government17.73%
    Convertible5.08%
    Securitized (Super Sector)4.02%
    Asset Backed3.22%
    Non Agency Residential Mortgage Backed0.77%
    Government Related0.66%
    Preferred Stock0.41%
    Top Holdings

    As of 3/31/2022

    HoldingValue% Portfolio
    HILTON WORLDWIDE FINANCE HLT TL B 1L USD$4.82M3.12%
    Panama (Republic of) 3.298%$3.29M2.13%
    JPMorgan Chase & Co DR$2.69M1.74%
    Directv Financing LLC/Directv Financing Co-Obligor Inc. 5.875%$2.57M1.67%
    United States Treasury Notes 2.875%$2.53M1.64%
    Chile (Republic of) 2.55%$2.53M1.64%
    Indonesia (Republic of) 3.5%$2.51M1.63%
    CHARTER COMMUNICATIONS OPER CHTR TL B1 1L USD$2.38M1.54%
    The Boeing Company 3.25%$2.33M1.51%
    National Australia Bank Evergreen Repo Loan$-57.50M-37.23%
    Credit Quality

    As of 3/31/2022

    Maturity Breakdown

    As of 3/31/2022

    Country Allocation

    As of 3/31/2022

    Country% Portfolio
    United States - Fixed Income50.79%
    Others - Fixed Income6.05%
    United Kingdom - Fixed Income5.64%
    Brazil - Fixed Income5.18%
    Mexico - Fixed Income4.52%
    Peru - Fixed Income2.90%
    Indonesia - Fixed Income2.53%
    Colombia - Fixed Income2.40%
    Italy - Fixed Income2.26%
    France - Fixed Income2.23%
    Switzerland - Fixed Income1.74%
    Israel - Fixed Income1.68%
    Chile - Fixed Income1.64%
    Netherlands - Fixed Income1.54%
    China - Fixed Income1.26%
    Germany - Fixed Income1.22%
    Argentina - Fixed Income1.19%
    Belgium - Fixed Income1.07%
    Russia - Fixed Income0.62%
    Spain - Fixed Income0.31%
    Australia - Fixed Income0.18%
    Canada - Fixed Income0.16%
    Ireland - Fixed Income0.15%
    United States - Equity0.00%
    Invalid Country - Fixed Income0.00%

    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-2036301PR-E0222X