NEW YORK - (Business Wire) Western Asset High Income Opportunity Fund Inc. (NYSE: HIO) announces its portfolio composition as of September 30, 2009.
Investment Objective: The Fund seeks a high current income. Capital appreciation is a secondary objective.
Portfolio Composition*:
Asset Allocation
High Yield
87.2%
Investment Grade
7.7%
Emerging Market Debt
4.5%
Investment Grade
1.2%
US Dollar
1.2%
Non-Investment Grade
3.3%
US Dollar
3.3%
Cash & Other Securities
0.5%
Mortgage Backed
0.2%
Credit Quality Allocation (Lower of S&P/Moody’s/Fitch)
A
1.2%
BBB
2.9%
BB
15.3%
B
32.2%
CCC
37.2%
CC
3.3%
C
3.2%
D
4.6%
Top Ten High Yield Industries
Consumer Cyclical
16.5%
Communications
13.9%
Consumer Non Cyclical
10.4%
Energy
9.7%
Basic Industry
7.9%
Electric
7.5%
Capital Goods
6.7%
Transportation
3.4%
Bank Loans
3.0%
Technology
1.9%
Top Emerging Market Countries
Mexico
1.4%
Russia
1.2%
United Arab Emirates
1.0%
Thailand
0.5%
India
0.2%
Currency Allocation
US Dollar
100.0%
Average Life (years)
7.13
Effective Duration (years)
4.06
Average Credit Quality (S&P)
B-
Average Coupon (%)
9.18%
Portfolio Statistics:
Inception Date
November 16, 1993
Inception Price
$12.50
Total Assets
$423,708,822
Market Price
$5.82
NAV
$5.69
(Daily NAV is available on market quotation systems using the symbol XHIOX.)
Distribution Rate
$0.0525 per share
Frequency
Monthly (Declared quarterly, paid monthly)
*
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, 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.
For more information, please call Fund Investor Services at 888-777-0102 or consult the Fund’s web site at www.leggmason.com/cef.
FN0911859
Legg Mason, Inc. Fund Investor Services 888-777-0102
