Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) announces its portfolio composition as of March 31, 2008.
Investment Objective: The Fund seeks a high current income. Capital appreciation is a secondary objective.
Portfolio Composition*:
Asset Allocation | |
High Yield | 86.9% |
Investment Grade | 7.9% |
Emerging Market Debt | 4.5% |
Non-Investment Grade | 3.3% |
US Dollar | 2.3% |
Local Currency | 1.0% |
Investment Grade | 1.3% |
US Dollar | 1.3% |
Mortgages Backed | 0.2% |
Cash & Other Securities | 0.4% |
| |
Credit Quality Allocation (Higher of S&P/Moody/Fitch) |
| AAA | 0.7% |
| AA | 1.1% |
| A | 0.7% |
| BBB | 7.2% |
| BB | 26.8% |
| B | 49.5% |
| CCC | 13.9% |
| NR | 0.1% |
| |
Top Ten High Yield Industries | |
| Consumer Cyclical | 14.9% |
| Communications | 12.0% |
| Electric | 10.2% |
| Basic Industry | 9.8% |
| Capital Goods | 8.6% |
| Consumer Non Cyclical | 8.3% |
| Energy | 5.7% |
| Transportation | 4.7% |
| Technology | 3.3% |
| Finance Companies | 2.9% |
| |
Top Five Emerging Market Countries |
| Russia | 1.2% |
| Egypt | 1.0% |
| Mexico | 1.0% |
| Thailand | 0.8% |
| Kazakhstan | 0.5% |
| |
Currency Allocation | |
| US Dollar | 99.0% |
| Egyptian Pounds | 1.0% |
| |
Average Life (years) | 8.6 |
Effective Duration (years) | 4.7 |
Average Credit Quality (S&P) | B+ |
| |
Portfolio Statistics: | |
| |
| Inception Date | November 16, 1993 |
| Inception Price | $12.50 |
| Total Net Assets | $467,672,597 |
| Market Price | $5.66 |
| NAV | $6.33 |
(Daily NAV is available on market quotation systems using the symbol XHIOX.) |
| |
| Distribution Rate | $0.0470 per share |
| Frequency | Monthly (Declared quarterly, paid monthly) |
| Leverage | Not applicable |
* Portfolio holdings and weightings are historical and are presented here for informational purposes only. They are subject to change at any time.
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 and Western Asset Management Company Limited, affiliates of the adviser.
Past performance is no guarantee of future results. An investment in the Fund involves risk, including loss of principal. Investment return and the value of shares will fluctuate.
For more information, please call Fund Investor Services at 888-777-0102 or consult the Fund's web site at www.leggmason.com/cef.