WEA - Western Asset Premier Bond Fund
A closed-end fund run by Western Asset. Invests in bonds. Listed on the New York Stock Exchange.
Is anyone targeting this fund?
Yes - one large investor holds a stake, but it has not asked for changes.
- Sit Investment owns 5.6% as a passive investor. On file since Feb 9, 2024.
Is the fund doing anything you need to act on?
Nothing right now.
What this means for you
One or more large investors own more than 5% of this fund but have told the regulator they are not seeking changes. That is common for banks, brokers and index funds that hold shares for their clients.
Nothing is required of you. If an investor changes its mind, it must file a new notice within days, and it will show up here.
What happened, and when
-
Jan 3, 2025
Sit Investment cut its stake to 5.6% (from 10.7%), as a passive investor.
Original document → -
Nov 14, 2024
1607 Capital sold down below 5% and stopped reporting.
Original document → -
Feb 9, 2024
Sit Investment now owns 10.7%, as a passive investor.
Original document → -
Feb 8, 2024
1607 Capital now owns 6.7%, as a passive investor.
Original document →
About this fund
- Run by Western Asset Management Company, LLC. Part of the FRANKLIN TEMPLETON fund family. As of Dec 31, 2025, from the fund's yearly report. Original document →
- Size: about $134 million of holdings, as of June 30, 2026. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
- Borrowing: the fund borrows about 33% on top of its own money, as of June 30, 2026. Borrowed money makes gains and losses bigger. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
- Costs: 0.6% a year in management fees; 3.6% a year in total, including interest on borrowed money. Fiscal year ended Dec 31, 2025. As of Dec 31, 2025, from the fund's yearly report. Original document →
- Payouts: last fiscal year (ended Dec 31, 2025) the fund paid $0.84 a share. $0.76 of that was income; $0.08 was your own money back, not income. As of Dec 31, 2025, from the fund's annual report. Original document →
- Value of holdings per share at the last fiscal year end (Dec 31, 2025): $11.49. The shares traded at $11.03, about 4% below that. As of Dec 31, 2025, from the fund's yearly report. Original document →
- How the holdings did: up 2.7% over the last three months we have (April-June 2026), before the share price is taken into account. Over the last 12 months: +6%. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
- How the holdings did over the fiscal year (ended Dec 31, 2025): the value of the holdings returned +10.9%. How the share price did: the shares returned +10.5% over the same year, counting payouts and the change in the market price. As of Dec 31, 2025, from the fund's annual report. Original document →
- First reported to the regulator in 2001.
What the fund holds
Mostly bonds (87%), the rest asset-backed bonds, loans and cash and short-term holdings. About 69% issued in the U.S.
- First Quantum Minerals, Fmcn 8 03/01/33 144A - 2%
- Goldman Sachs Group, Gs V2.64 02/24/28 - 1.8%
- Aercap Ireland Capital Dac / Aercap Global Aviation Trust, Aer 3.4 10/29/33 - 1.7%
- Citadel Securities LP, Citadel Enterprise Term Loan B 200 2033-05-30 - 1.6%
- Charles Schwab, Schw V4 Perp H - 1.4%
- Michaels Companies, Mik 11 03/15/34 144A - 1.4%
- Pfizer Investment Enterprises Pte, Pfe 4.75 05/19/33 - 1.3%
- Pm General Purchaser LLC, Amgene 9.5 10/01/28 144A - 1.3%
- Permian Resources Operating LLC, Pr 6.25 02/01/33 144A - 1.3%
- Verizon Communications, Vz 3.875 02/08/29 - 1.2%
Show all 24
- Bank of America, Bac 4.25 10/22/26 Mtn - 1.1%
- Anheuser-Busch Companies LLC, Abibb 4.7 02/01/36 * - 1.1%
- Western Midstream Operating LP, Wes 5.25 02/01/50 - 1.1%
- Venture Global Lng, VENLNG V9 PERP 144a - 1.1%
- Kinder Morgan, Kmi 5.55 06/01/45 - 1.1%
- Echostar, Echo 10.75 11/30/29 . - 1%
- United Mexican States - Secretaria de Hacienda Y Credito Publico, Mex 4.35 01/15/47 - 1%
- Carnival PLC, Ccl 1 10/28/29 - 1%
- Mercadolibre, Meli 3.125 01/14/31 - 1%
- Office Cherifien Des Phosphates SA, Ocpmr 6.75 05/02/34 144A - 1%
- Las Vegas Sands, Lvs 3.9 08/08/29 - 0.9%
- Sands China, Sanltd 3.25 08/08/31 - 0.9%
- Walt Disney Company, Dis 2.65 01/13/31 - 0.9%
- Granite Ridge Resources, Grnt 8.875 11/05/29 - 0.9%
As of June 30, 2026, from the fund's quarterly holdings report. Original document →
Details: all notices, events and fund facts
| Date | Investor | Stake | Type of notice |
|---|---|---|---|
| Jan 3, 2025 | Sit Investment | 5.6% | Updated notice |
| Nov 14, 2024 | 1607 Capital | 2.9% | Sold down below 5% |
| Feb 9, 2024 | Sit Investment | 10.7% | Updated notice |
| Feb 8, 2024 | 1607 Capital | 6.7% | Updated notice |
No announcements from the fund on file.
- Run by
- Western Asset Management Company, LLC
- Fund family
- FRANKLIN TEMPLETON
- Exchange
- New York Stock Exchange
- Regulator's file number
- 811-10603
- Auditor
- PricewaterhouseCoopers LLP
- Fiscal year end
- Dec 31, 2025
- Number of holdings
- 386
- Preferred share classes
- none
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