WEA
Western Asset Premier Bond FundWEA
WEA
About: Western Asset Premier Bond Fund is a diversified closed-end management investment company. Its investment objective is to provide current income and capital appreciation by investing in a diversified portfolio of investment-grade bonds. The Fund invests in sectors, such as financials, energy, telecommunication services, consumer discretionary, healthcare, materials, information technology, and consumer staples.
0
Funds holding %
of 7,419 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
45% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 11
2.74% more ownership
Funds ownership: 45.29% [Q3] → 48.03% (+2.74%) [Q4]
1% more capital invested
Capital invested by funds: $60.6M [Q3] → $61.4M (+$766K) [Q4]
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
5% less funds holding
Funds holding: 41 [Q3] → 39 (-2) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for WEA.
Financial journalist opinion
Neutral
Seeking Alpha
2 months ago
High Yield Is Not As High As You Think. WEA Vs. FALN, CEF Vs. ETF
Recent trends show narrowing spreads between Treasuries and investment-grade bonds, pushing us to explore slightly below investment-grade bond portfolios for better yields. We analyze iShares Fallen Angels USD Bond ETF and Western Asset Premier Bond Fund for their yield potential and risk profiles. FALN offers a 6.88% yield to maturity with a "BB-" credit score equivalent, while WEA provides a 7.27% potential yield with a "BB+" credit score equivalent.
Neutral
Business Wire
4 months ago
Franklin Templeton Fund Adviser, LLC Announces Distributions for the Months of December 2024, January and February 2025
NEW YORK--(BUSINESS WIRE)--Category: Distribution Related.
Positive
Seeking Alpha
5 months ago
WEA: Investment-Grade Tilted CEF Portfolio, But Discount Remains Tight
Western Asset Premier Bond Fund (WEA) is a closed-end fund providing investors exposure to a portfolio that is tilted toward higher quality fixed-income investments. The fund pays a 7.61% distribution yield, with coverage potentially set to improve as the Fed cuts rates and its borrowing costs can come down. We take an updated look today at WEA and compare it with VBF, a non-leveraged CEF that also tilts with a heavier weighting toward investment-grade debt investments.
Neutral
Business Wire
5 months ago
Western Asset Premier Bond Fund Announces Financial Position as of September 30, 2024
NEW YORK--(BUSINESS WIRE)--Category: Financials.
Positive
Seeking Alpha
7 months ago
WEA: Not Attractive For Gains, But A Reasonable 7.50% Income Play
The Western Asset Premier Bond Fund offers a 7.50% yield, but its after-tax real yield is less appealing, especially for high-tax-bracket investors. Despite a share price decline of 18.90% over five years, the WEA fund's high yield has resulted in better total returns compared to the index. Current market conditions and Federal Reserve rate expectations limit the fund's potential for capital gains, making it purely an income play right now.
Neutral
Business Wire
11 months ago
Western Asset Premier Bond Fund Announces Financial Position as of March 31, 2024
NEW YORK--(BUSINESS WIRE)--Category: Financials.
Negative
Seeking Alpha
11 months ago
WEA: Tight Spreads Make This Fund Unappealing Currently (Rating Downgrade)
Western Asset Premier Bond Fund is a fixed income CEF with mostly investment grade holdings and a small allocation to high yield. WEA had a positive total return since its initial rating by me. We believe corporate credit spreads are currently too low and are likely to widen in the future. This widening will negatively impact bond prices, especially for a leveraged fund.
Neutral
Business Wire
1 year ago
Western Asset Premier Bond Fund (NYSE: WEA) Announces Portfolio Management Team Update
NEW YORK--(BUSINESS WIRE)--Effective March 1, 2024, the named portfolio management team responsible for the day-to-day oversight of the Fund is as follows:
Neutral
Business Wire
1 year ago
Franklin Templeton Fund Adviser, LLC Announces Distributions for the Months of March, April and May 2024
NEW YORK--(BUSINESS WIRE)--Category: Distribution Related.
Positive
Seeking Alpha
1 year ago
WEA: Higher Quality Fixed-Income Fund
Western Asset Premier Bond Fund has seen some strong performance since our prior update. The fund offers an attractive distribution yield with exposure to primarily investment-grade bonds but also some high-yield exposure. WEA's performance could be solid going forward, but the rather narrow discount makes it less appealing at this time.
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