Western Asset High Yield Defined Opportunity Fund Inc. Portfolio Composition as of March 31, 2016
Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) announces its portfolio composition as of March 31, 2016.
Investment Objective: The Fund’s primary investment objective is high 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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87.2%
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Investment Grade Corporate Bonds
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4.3%
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Emerging Market
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2.2%
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Corporates External Currency
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2.2%
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Bank Loans
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2.1%
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Government
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0.9%
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Mortgage-Backed Securities
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0.4%
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Cash & Other Securities
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3.0%
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Credit Quality Allocation**
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| AA |
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0.9% |
| A |
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0.3% |
| BBB |
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4.0% |
| BB |
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19.7% |
| B |
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38.5% |
| CCC |
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29.4% |
| CC |
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0.8% |
| D |
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0.5% |
| NR |
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5.9% |
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Top Ten High Yield Industries
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| Communications |
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16.2% |
| Consumer Cyclical |
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13.7% |
| Consumer Non Cyclical |
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12.8% |
| Energy |
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8.2% |
| Capital Goods |
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7.8% |
| Banking |
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6.2% |
| Basic Industry |
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5.2% |
| Finance Companies |
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5.0% |
| Electric |
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3.2% |
| Transportation |
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2.9% |
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Top Emerging Market Countries
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| Russia |
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1.3% |
| Brazil |
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0.7% |
| United Arab Emirates |
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0.2% |
| Colombia |
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0.1% |
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Average Life (years)
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6.3 |
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Effective Duration (years)
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4.2 |
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Average Coupon (%)
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7.5 |
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Portfolio Statistics:
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Inception Date
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October 27, 2010 |
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Inception Price
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$20.00 |
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Total Assets***
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$348,989,896 |
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Loans****
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0.00% |
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Preferred Shares****
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0.00% |
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Reverse Repos****
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0.00% |
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Market Price
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$13.94 |
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NAV
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$15.23 |
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XHYIX.) |
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Distribution Rate
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$0.1100 per share |
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Frequency Monthly
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(Declared quarterly, paid monthly) |
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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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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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The Fund will not leverage its capital structure by issuing senior securities such as
preferred shares or debt instruments. The Fund will also not borrow money for the purpose of leverage. The Fund may invest in
reverse repurchase agreements and/or other instruments which can increase the risks and volatility of the Fund. |
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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 Yield Defined Opportunity Fund Inc., a non-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.
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. High yield or "junk bonds" are subject to additional risks.
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.
FN1112209
For Western Asset High Yield Defined Opportunity Fund Inc.
Maria Rosati, 1-212-805-6036
mrosati@leggmason.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20160503005241/en/