Western Asset Emerging Markets Debt Fund Inc. (NYSE: ESD) announces its portfolio composition as of June 30, 2016.
Investment Objective: The Fund’s primary investment objective is total return. The Fund’s secondary objective is high current income.
Portfolio Composition*:
Asset Allocation | |
Emerging Market Debt | 99.0% |
Sovereign Debt External Currency | 73.5% |
Sovereign Debt Local Currency | 3.0% |
Corporates External Currency | 22.5% |
Investment Grade Corporate Bonds | 0.2% |
Cash & Other Securities | 0.8% |
Credit Quality Allocation** | |
AA | 2.7% |
A | 13.5% |
BBB | 47.7% |
BB | 17.2% |
B | 13.9% |
CCC | 3.4% |
C | 0.3% |
Not Rated | 1.4% |
Top Ten Emerging Market Countries | |
Mexico | 10.6% |
Russia | 9.4% |
Indonesia | 9.3% |
Argentina | 8.0% |
Brazil | 7.1% |
Turkey | 6.0% |
Colombia | 5.6% |
Peru | 4.8% |
Venezuela | 3.3% |
China | 3.0% |
Currency Allocation | |
US Dollar | 98.6% |
Indonesian Rupiah | 1.5% |
Russian Ruble | 0.7% |
Indian Rupee | 0.4% |
Argentine Peso | 0.3% |
Singapore Dollar | -0.7% |
Euro | -0.8% |
Average Life (years) | 9.5 |
Average Effective Duration (years) | 8.1 |
Average Coupon (%) | 6.2 |
Portfolio Statistics: | |
Inception Date | December 1, 2003 |
Inception Price | $20.00 |
Total Assets*** | $695,043,816 |
Net Assets | $542,928,360 |
Loans**** | 21.58% |
Preferred Shares**** | 0.00% |
Reverse Repos**** | 0.00% |
Market Price | $15.38 |
NAV | $17.63 |
(Daily NAV is available on market quotation systems using the symbol XESDX.) | |
Distribution Rate***** | $0.1050 per share |
Frequency Monthly | (Declared quarterly, paid monthly) |
* |
Portfolio holdings and weightings are historical and are presented
here for |
** |
Credit quality is a measure of a bond issuer's ability to repay
interest and |
*** |
The difference between total assets and net assets, if any, is due
primarily |
**** |
Percentages are based on total assets. If the Fund employs
leverage, the |
***** |
Pursuant to its managed distribution policy, the Fund intends to
make |
Western Asset Emerging Markets Debt Fund Inc., a non-diversified closed-end investment management company traded on the New York Stock Exchange under the symbol “ESD,” 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. Fixed income securities are subject to credit risk, inflation risk, call risk, and interest rate risks. As interest rates rise, bond prices fall, reducing the value of the Fund's share price. International investing involves additional risks. These risks are greater in emerging markets.
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: http://www.businesswire.com/news/home/20160801005294/en/
Contacts:
Maria Rosati, 1-212-805-6036
mrosati@leggmason.com.