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Western Asset Premier Bond Fund (WEA)

Taxable Bond Funds - Investment Grade Bond

Data as of March 15, 2024
Current
Market Price $10.55 (+ $0.02)
NAV (March 15, 2024) $11.34 (- $0.01)
Fund Listed NYSE
Premium / Discount -6.97% (+0.26%)
Fund Info
Inception March 28, 2002
Sponsor
Website https://www.franklinte...
Phone 1-888-777-0102
NAV Symbol XWEAX
Location California
Incorporated Massachusetts
Staggered Board Yes
Term Date N/A
Objective: Current income and capital appreciation; investment-grade bonds
Related Indexes
Investment Grade Bond Index
US Bond Index
Capital & Leverage
Outstanding Shares 11,865,600
Total Assets (Reported: Dec. 31, 2023) $185M
Estimated Total Assets $184M
Net Assets $135M
Market Cap $125M
Portfolio Turnover 23.00%
Total Leverage 26.78%
Structural Leverage (out of total) 96.98%
Portfolio Leverage (out of total) 3.02%
Expense Ratio 3.29%
Non Lev Exp Ratio 1.02%
Rel Lev Cost 6.21%
Discount Data
Average Discount (3 Yr) -4.98%
Discount Low(3 Yr) -10.80%
Discount High(3 Yr) 0.47%
Discount Rel Range (3 Yr) 34.01%
Comp Discount -9.81
Discount St Dev (1Yr) 2.65
Z-Stat
Z-Stat (6mo) -1.18
Z-Stat (1Yr) -0.69
Z-Stat (3Yr) -0.67
Comp Z-Stat (6mo) -1.81
Comp Z-Stat (3Yr) -0.69
Distribution Data
Market Yield 7.96%
Income Yield 7.96%
Lev Adj NAV Yield 5.84%
Distribution Frequency M
Current Distribution $0.070
Current Income $0.070
Ex-Date 3/20/24
Payable Date 4/1/24
Div Growth (3yr) 6.06%
Dividend Change 6.1% on 9/19/23
Expected Div 5/20/24
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2022 2020 - 2022
Income 100% 100%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (K) $425
Avg Volume 30 day 53,846
Avg Volume 90 day 40,277
Volume Trend 33.69%
Comp Volume Trend 7.53%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
44.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
56.0%
Price Correlation (1yr)
vs. CEFA's Investment Grade Bond Index
56.0%
Most Correlated Peer (Mk Pr): INSI 65.0%
NAV - Price Correlation (30 d) -69.8%
NAV - Price Correlation (90 d) -29.7%
NAV - Price Correlation (1 Yr) 70.9%
Price St Dev (1Yr) 17.5%
NAV St Dev (1Yr) 6.4%
Earnings
Earnings / Share (12/31/23) $0.064
Earn Coverage 91.43%
Earnings Trend Down
UNII / Share (12/31/23) $0.089
Rel UNII 10.62
UNII Trend Down
Bond Specific Data
Maturity 9.07
Duration 5.69
Credit Rating (rbo) BBB
Investment Grade 71.19%
Non Investment Grade 28.07%
Unrated Bonds 0.73%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.86
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.69
NAV Beta (2yr)
vs. CEFA's Investment Grade Bond Index
1.02

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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