Western Asset Worldwide Income Fund Inc. Portfolio Composition as of
December 31, 2012
NEW YORK -- February 4, 2013
Western Asset Worldwide Income Fund Inc. (NYSE: SBW) announces its portfolio
composition as of December 31, 2012.
Investment Objective: The Fund seeks to maintain a high level of current
income. As a secondary objective, the Fund seeks to maximize total return.
Emerging Market Debt 96.3%
Sovereign Debt External Currency 59.7%
Sovereign Debt Local Currency 10.6%
Corporates External Currency 25.9%
Investment Grade Corporate Bonds 2.0%
Cash & Other Securities 1.8%
Credit Quality Allocation**
Not Rated 1.8%
Top Ten Emerging Market Countries
US Dollars 88.7%
Brazilian Reals 4.6%
Mexican Pesos 4.1%
Peruvian Nuevos Soles 1.1%
Indonesian Rupiahs 0.8%
Argentinean Pesos 0.2%
Malaysian Ringgits 0.1%
Average Life (years) 12.1
Effective Duration (years) 7.7
Average Coupon (%) 7.1
Inception Date December 31, 1993
Inception Price $15.00
Total Assets*** $211,916,389
Net Assets $210,779,268
Preferred Shares 0.00%
Reverse Repos 0.00%
Market Price $15.12
(Daily NAV is available on market quotation systems using the symbol XSBWX.)
Distribution Rate**** $0.0840 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. Negative
allocations and allocations in excess of 100%, if any, are primarily due to
the Fund's unsettled trade activity.
** 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). For this purpose, if two or more of the agencies have
assigned differing ratings to a security, the highest 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.
*** The difference between total assets and net assets, if any, is due
primarily to the Fund’s use of borrowings; net assets do not include
borrowings. The Fund may employ leverage in the form of loans, preferred
stock, reverse repurchase agreements and/or other instruments. When the Fund
engages in transactions that have a leveraging effect on the Fund’s portfolio,
the value of the Fund will be more volatile and all other risks will tend to
**** Pursuant to its managed distribution policy, the Fund intends to make
regular monthly distributions to shareholders of its common stock at a fixed
rate per common share, which may be adjusted from time to time by the Fund's
Board of Directors. Under the Fund's managed distribution policy, if, for any
monthly distribution, the value of the Fund’s net investment income and net
realized capital gain is less than the amount of the distribution, the
difference will be distributed from the Fund's assets (and will constitute a
"return of capital"). The Board of Directors may modify, terminate or suspend
the managed distribution policy at any time, including when certain events
would make part of any return of capital taxable to shareholders. Any such
modification, termination or suspension could have an adverse effect on the
market price for the Fund's shares.
Western Asset Worldwide Income 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. 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 Relations at 888-777-0102, or
consult the Fund’s web site at http://www.lmcef.com.
Maria Rosati, 1-212-805-6036
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