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Western Asset Premier Bond Fund (WEA)

Taxable Bond Funds - Investment Grade Bond

Data as of Sept. 21, 2023
Market Price $10.46 (- $0.20)
NAV (Sept. 21, 2023) $10.93 (- $0.15)
Fund Listed NYSE
Premium / Discount -4.30% (-0.51%)
Fund Info
Inception March 28, 2002
Website https://www.franklinte...
Phone 1-888-777-0102
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: June 30, 2023) $182M
Estimated Total Assets $177M
Net Assets $130M
Market Cap $124M
Portfolio Turnover 23.00%
Total Leverage 26.76%
Structural Leverage (out of total) 96.94%
Portfolio Leverage (out of total) 3.06%
Expense Ratio 3.22%
Non Lev Exp Ratio 0.95%
Rel Lev Cost 6.15%
Discount Data
Average Discount (3 Yr) -5.18%
Discount Low(3 Yr) -10.80%
Discount High(3 Yr) 0.47%
Discount Rel Range (3 Yr) 62.17%
Comp Discount -6.10
Discount St Dev (1Yr) 2.71
Z-Stat (6mo) 0.70
Z-Stat (1Yr) 1.01
Z-Stat (3Yr) 0.47
Comp Z-Stat (6mo) 0.73
Comp Z-Stat (3Yr) 0.72
Distribution Data
Market Yield 7.57%
Income Yield 7.57%
Lev Adj NAV Yield 5.72%
Distribution Frequency M
Current Distribution $0.066
Current Income $0.066
Ex-Date 9/21/23
Payable Date 10/2/23
Div Growth (3yr) 0.00%
Dividend Change 6.1% on 9/19/23
Expected Div 9/26/23
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) $357
Avg Volume 30 day 33,821
Avg Volume 90 day 34,110
Volume Trend -0.85%
Comp Volume Trend 8.99%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's Investment Grade Bond Index
Most Correlated Peer (Mk Pr): JHS 66.0%
NAV - Price Correlation (30 d) 22.0%
NAV - Price Correlation (90 d) 17.4%
NAV - Price Correlation (1 Yr) 73.3%
Price St Dev (1Yr) 18.9%
NAV St Dev (1Yr) 8.0%
Earnings / Share (6/30/23) $0.064
Earn Coverage 97.12%
Earnings Trend Down
UNII / Share (6/30/23) $0.160
Rel UNII 20.16
UNII Trend Down
Bond Specific Data
Maturity 8.42
Duration 5.73
Credit Rating (rbo) BBB
Investment Grade 70.53%
Non Investment Grade 28.11%
Unrated Bonds 1.36%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Investment Grade Bond Index

DISCLOSURES: makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

NOTES: Distribution type sourced from 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.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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