[April 26, 2018] |
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Western Asset High Income Opportunity Fund Inc. Portfolio Composition as of March 31, 2018
Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) announces its
portfolio composition as of March 31, 2018.
Investment Objective: The Fund seeks a high current income.
Capital appreciation is a secondary objective.
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Portfolio Composition*:
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Asset Allocation
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High Yield Corporate Bonds
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70.9%
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Emerging Market Debt
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12.9%
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Corporates External Currency
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7.2%
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Sovereign Debt External Currency
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2.4%
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Sovereign Debt Local Currency
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3.3%
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Bank Loans
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8.3%
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Investment Grade Corporate Bonds
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5.9%
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Government
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1.4%
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Cash & Other Securities
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0.5%
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Credit Quality Allocation**
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AA
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1.4%
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A
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1.0%
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BBB
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6.8%
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BB
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42.2%
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B
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31.9%
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CCC
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13.6%
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CC
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0.8%
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Not Rated
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2.2%
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Top Ten High Yield Industries
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Communications
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17.9%
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Energy
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11.6%
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Consumer Non Cyclical
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8.6%
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Consumer Cyclical
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8.0%
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Basic Industry
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4.7%
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Banking
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4.7%
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Capital Goods
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4.5%
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Finance Companies
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3.4%
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Insurance
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1.5%
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Technology
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1.4%
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Currency Allocation
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US Dollar
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96.6%
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Brazilian Real
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1.0%
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Russian Ruble
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0.9%
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Polish Zloty
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0.7%
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Uruguayan Peso
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0.5%
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Argentine Peso
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0.3%
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Average Life (years)
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6.8
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Effective Duration (years)
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4.4
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Average Coupon (%)
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6.5
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Portfolio Statistics:
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Inception Date
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November 16, 1993
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Inception Price
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$12.50
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Total Assets
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$705,191,193
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Loans***
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0.0%
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Preferred Shares***
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0.0%
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Reverse Repos***
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0.0%
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Market Price
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$4.81
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NAV
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$5.46
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(Daily NAV is available on market quotation systems using the
symbol XHIOX.)
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Distribution Rate
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$0.0275 per share
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Frequency
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Monthly (Declared quarterly, paid monthly)
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*
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Portfolio holdings and weightings are historical and are presented
here for informational purposes only. They are subject to change at
any time.
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**
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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 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.
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***
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Percentages are based on total assets. If the Fund employs leverage,
the Effective Duration is based on net assets.
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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
1-888-777-0102, or consult the Fund's web site at http://www.lmcef.com.
Hard copies of the Fund's complete audited financial statements are
available free of charge upon request.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180426006365/en/
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