Company News »
LMP Corporate Loan Fund Inc. Portfolio Composition as of September 30, 2014
LMP Corporate Loan Fund Inc. (NYSE:TLI) announces its portfolio composition as of September 30, 2014.
Investment Objective: The Fund’s investment objective is to maximize current income consistent with prudent efforts to preserve capital.
|
Portfolio Composition*: |
||
|
Asset Allocation |
||
|
Bank Loans |
89.0% |
|
|
High Yield Corporate Bonds |
8.9% |
|
|
Cash & Other Securities |
2.0% |
|
|
Credit Quality Allocation** |
||
| BBB | 0.8% | |
| BB | 16.6% | |
| B | 66.2% | |
| CCC | 11.5% | |
| D | 0.5% | |
| Not Rated | 4.5% | |
|
Top Ten Bank Loan Industries |
||
| Consumer Cyclical | 19.9% | |
| Consumer Non Cyclical | 18.2% | |
| Capital Goods | 8.8% | |
| Basic Industry | 8.0% | |
| Communications | 6.5% | |
| Electric | 6.1% | |
| Technology | 5.6% | |
| Industrial Other | 5.4% | |
| Energy | 5.1% | |
| Transportation | 3.5% | |
|
Average to next reset |
44 days | |
|
Portfolio Statistics: |
||
|
Inception Date |
November 20, 1998 | |
|
Inception Price |
$15.00 | |
|
Total Assets*** |
$203,183,172 | |
|
Net Assets |
$125,523,557 | |
|
Loans**** |
15.01% | |
|
Preferred Shares**** |
17.23% | |
|
Reverse Repos**** |
0.00% | |
|
Market Price |
$11.55 | |
|
NAV |
$12.63 | |
| (Daily NAV is available on market quotation systems using the symbol XTLIX.) | ||
|
Distribution Rate |
$0.0725 per share | |
|
Frequency |
Monthly (Declared monthly, paid monthly) | |
| * | Portfolio holdings and weightings are historical and are presented here for informational purposes only. They are subject to change at any time. |
| ** |
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), or an equivalent and/or similar rating. For this purpose, when two or more of the agencies have assigned differing ratings to a security, the lowest 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 be compounded. |
| **** | Percentages based on total assets. |
LMP Corporate Loan Fund Inc., a non-diversified investment management company, is managed by Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Legg Mason, Inc.
An investment in the Fund involves risk, including loss of principal. Investment return and the value of shares will fluctuate. Fixed income securities are subject to credit risk, inflation risk, call risk, and interest rate risks.
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.
Contact the Fund at 1-888-777-0102 for additional information, or consult the Fund’s web site at www.leggmason.com/cef.
- Heartland Guest Enhances Restaurant Operations and Consumer Dining 3 views
- Could Utilities Lead Again in 2014? 2 views
- Italy Hit With Unemployment And Inflation Blows 2 views
- Chinese Stocks: Short-Term Buy, Long-Term Sell 2 views
- Gold advances as risk-aversion creeps in 2 views
- Scott Houghton Joins Oliver Wyman’s Actuarial Practice 2 views
- USDBRL Dips Following Improved Brazilian Unemployment 2 views
- Engulfing Pattern Paints Ominous Picture for Large Cap Stocks 2 views
- Zoetis Granted Conditional License for Porcine Epidemic Diarrhea Vaccine* 2 views
- Eurozone Inflation Falls Again 2 views
| Forex Broker Spreads » |
|
Iron FX
XM Markets
FxPro
FXCM| Most Popular Articles » |
- Heartland Guest Enhances Restaurant Operations and Consumer Dining 3 views
- Euro Declines ahead of ECB Rate Statement 2 views
- Could Utilities Lead Again in 2014? 2 views
- Italy Hit With Unemployment And Inflation Blows 2 views
- Chinese Stocks: Short-Term Buy, Long-Term Sell 2 views
- Gold advances as risk-aversion creeps in 2 views
- Scott Houghton Joins Oliver Wyman’s Actuarial Practice 2 views
- USDBRL Dips Following Improved Brazilian Unemployment 2 views
- Engulfing Pattern Paints Ominous Picture for Large Cap Stocks 2 views
- Zoetis Granted Conditional License for Porcine Epidemic Diarrhea Vaccine* 2 views