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 6,809 funds
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Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
7% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 15
2% less funds holding
Funds holding: 41 [Q2] → 40 (-1) [Q3]
11.19% less ownership
Funds ownership: 55.78% [Q2] → 44.59% (-11.19%) [Q3]
14% less capital invested
Capital invested by funds: $69.4M [Q2] → $59.7M (-$9.72M) [Q3]
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Research analyst outlook
We haven’t received any recent analyst ratings for WEA.
Financial journalist opinion
Neutral
Business Wire
3 weeks 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
1 month 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
1 month ago
Western Asset Premier Bond Fund Announces Financial Position as of September 30, 2024
NEW YORK--(BUSINESS WIRE)--Category: Financials.
Positive
Seeking Alpha
3 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
6 months ago
Western Asset Premier Bond Fund Announces Financial Position as of March 31, 2024
NEW YORK--(BUSINESS WIRE)--Category: Financials.
Negative
Seeking Alpha
7 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
9 months 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
10 months 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
10 months 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.
Positive
Seeking Alpha
11 months ago
CEF Weekly Commentary | Swap Some MAIN Bonds?
Macro markets saw positive movement, with the S&P 500 up 1.81% and bonds performing well. The PPI report offset slightly hot CPI, leaving uncertainty about how the Fed will respond to rising inflation figures. PIMCO Corp & Inc Strat (PCN), a fund I've been high on for some time, has gone parabolic. There was a recommendation from a Seeking Alpha author that likely drove.
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