WESTERN ASSET PREMIER BOND FUND (WEA)
Western Asset Premier Bond Fund is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Company. The fund is co-managed by Western Asset Management Company Limited, Western Asset Management Company Pte. Ltd., and Western Asset Management Company Ltd. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade bonds, including corporate bonds, U.S. government and agency securities, and mortgage related securities. It seeks to maintain an average duration of around two to three years with an average credit quality of BBB. The fund benchmarks the performance of its portfolio against the Barclays Capital U.S. Corporate High Yield Index and the Barclays Capital U.S. Credit Index. Western Asset Premier Bond Fund was formed on March 28, 2002 and is domiciled in the United States.
Industry: Asset Management
Western Asset Premier Bond Fund
NYSE:WEAFinancial Services · Asset Management
+0.00%$9.76
Prev close$9.760.00%Close$9.760.00%AH close$9.76
AH$9.76+0.00%vs close
Mkt Cap$115.81M
Float11.86M
O/S11.87M
Inst Own56.1%
Div Yield8.61%
Dilution
Financials Summary
Revenue$14.97M
Net Income$13.84M
Total Assets$202.84M
Free Cash Flow$4.66M
Debt & Equity
Debt 32%
Equity 68%
Total Debt$65.24M
Total Equity$136.32M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in WEA's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$202.84M
Liabilities$66.52M
Accounts Receivable$2.97M
Accounts Payable$1.03M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Revenue | $14.97M | $13.75M | $13.56M | $1.09M | $13.54M | $11.79M | $29.55M | -$8.27M | $18.21M | $12.96M | $14.27M | $15.02M | $15.75M | $15.8M |
| YoY Growth | 8.8% | 1.5% | 1141.9% | -91.9% | 14.8% | -60.1% | -457.2% | -145.4% | 40.6% | -9.2% | -5.0% | -4.6% | -0.3% | - |
| Cost of Revenue | $1.25M | $0 | $0 | $1.63M | $1.44M | $1.39M | $1.39M | $1.32M | $1.35M | $1.31M | $0 | $0 | $0 | $0 |
| Gross Profit | $13.72M | $13.75M | $13.56M | $12.94M | $12.11M | $10.41M | $28.15M | -$9.6M | $16.86M | $11.65M | $14.27M | $15.02M | $15.75M | $15.8M |
| Gross Margin | 91.7% | 100.0% | 100.0% | 1185.3% | 89.4% | 88.2% | 95.3% | 116.0% | 92.6% | 89.9% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | -$25 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $251K | $1.29M | $1.34M | $233K | $561K | $287K | $369K | $346K | $355K | $1.52M | $1.62M | $2.15M | $1.86M | $1.71M |
| Other | -$3.74M | $0 | $0 | $122K | $85K | $1.3M | $57K | $47K | $45K | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | -$3.49M | $1.29M | $1.34M | $354K | $645K | $1.59M | $426K | $393K | $400K | $9.18M | $21.33M | $3.61M | $2.16M | $21.31M |
| Operating Income (EBIT) | $17.21M | $12.46M | $12.21M | -$25.64M | $3.59M | $12.39M | $29.12M | -$7.11M | $18.85M | $22.42M | $12.65M | $12.87M | $13.88M | $14.09M |
| Operating Margin | 115.0% | 90.6% | 90.1% | -2348.7% | 26.5% | 105.0% | 98.6% | 85.9% | 103.5% | 173.0% | 88.6% | 85.7% | 88.2% | 89.2% |
| Interest Expense | $3.4M | $3.69M | $3.01M | $1.63M | $482K | $905K | $1.91M | $1.56M | $1.04M | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $13.79M | $0 | $13.49M | $12.91M | $12.39M | $12.87M | $13.32M | $12.01M | $12.15M | $767K | $599K | $258K | $0 | $0 |
| Other Income (Expense) | -$3.37M | -$6.14M | $195K | -$1.68M | -$527K | -$915K | $0 | $0 | $7.1M | $127K | -$20.31M | -$1.71M | -$293K | $23.01M |
| Income Before Tax (EBT) | $13.84M | $6.33M | $12.41M | -$27.27M | $3.06M | $11.47M | $29.12M | -$8.67M | $17.81M | $21.73M | -$7.66M | $11.16M | $13.59M | $37.11M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$161K | $13K | $33K | $207K | $235K | $261K | $267K |
| Net Income | $13.84M | $6.33M | $12.41M | -$27.27M | $3.06M | $11.47M | $29.12M | -$8.67M | $17.81M | $21.73M | -$7.87M | $10.87M | $13.22M | $36.68M |
| Net Income Margin | 92.5% | 46.0% | 91.5% | -2497.8% | 22.6% | 97.3% | 98.6% | 104.7% | 97.8% | 167.7% | -55.2% | 72.4% | 84.0% | 232.2% |
| Supplementary Data | ||||||||||||||
| EPS | 1.17 | 0.53 | 1.05 | -2.30 | 0.26 | 0.97 | 2.45 | -0.73 | 1.50 | 1.83 | -0.66 | 0.91 | 1.11 | 3.09 |
| Diluted EPS | 1.17 | 0.53 | 1.05 | -2.30 | 0.26 | 0.97 | 2.45 | -0.72 | 1.50 | 1.83 | -0.66 | 0.91 | 1.11 | 3.09 |
| Weighted Average OS | 11.87M | 11.87M | 11.87M | 11.87M | 11.87M | 11.86M | 11.91M | 11.90M | 11.87M | 11.90M | 11.90M | 11.90M | 11.90M | 11.88M |
| EBITDA | $17.24M | $12.46M | $12.21M | -$25.58M | $3.59M | $12.39M | $29.13M | -$15.78M | $17.78M | $21.64M | $12.65M | $12.87M | $13.88M | $0 |
| EBITDA Margin | 115.2% | 90.6% | 90.0% | -2343.6% | 26.5% | 105.0% | 98.6% | 190.7% | 97.6% | 167.0% | 88.6% | 85.7% | 88.2% | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $72K | $194K | $219K | $432K | $462K | $318K | $196K | $253K | $455K | $393K | $314K | $577K | $628K | $915K |
| Short-Term Investments | $828K | $2.22M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $900K | $2.41M | $219K | $432K | $462K | $0 | $196K | $253K | $455K | $393K | $314K | $577K | $628K | $915K |
| Accounts Receivable | $2.97M | $2.51M | $2.97M | $2.75M | $2.72M | $5.59M | $3.01M | $2.83M | $2.76M | $7.22M | $2.72M | $6.75M | $3.54M | $2.32M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | -$665 | -$2.52M | $2.2M | -$431K | -$334K | -$1K | -$200K | $731K | $209K | $97K | $1.96M | $2.07M | $20.84M | $22.33M |
| Total Current Assets | $3.87M | $2.41M | $5.38M | $2.76M | $2.85M | $5.59M | $3.01M | $3.08M | $3.21M | $7.71M | $5M | $9.44M | $25.06M | $25.57M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $198.97M | $199.33M | $179.64M | $200.35M | $239.15M | $240.71M | $238.22M | $214.14M | $229.14M | $219.48M | $209.17M | $226.07M | $224.45M | $223.62M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $665 | $201.8M | $750K | $202.67M | $241.67M | $0 | $0 | -$214.14M | -$229.14M | $8K | $8K | $15K | $0 | -$223.62M |
| Total Long-Term Assets | $198.97M | $199.33M | $180.39M | $200.35M | $239.15M | $240.71M | $238.22M | $214.14M | $229.14M | $219.49M | $209.18M | $226.09M | $224.45M | $223.62M |
| Other Assets | $0 | $439K | $0 | $891 | $158K | $246.3M | $4K | $5K | $12K | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $202.84M | $202.18M | $185.77M | $203.11M | $242.16M | $246.3M | $241.23M | $217.23M | $232.37M | $227.2M | $214.18M | $235.53M | $249.5M | $249.19M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $1.03M | $3.34M | $274K | $393K | $1.41M | $1.86M | $2.38M | $37K | $1.22M | $0 | $0 | $5.64M | $953K | $448K |
| Short-Term Debt | $6.24M | $7.18M | $1.47M | $11.61M | $13.18M | $10.52M | $6.81M | $5.23M | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | -$11.21M | -$11.76M | -$8.66M | -$4.42M | -$5.2M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | -$1.12M | -$7.27M | $198K | -$88K | -$1.41M | -$1.97M | -$2.66M | -$5.37M | -$1.55M | $0 | $21K | $30K | $74K | $513K |
| Total Current Liabilities | $6.24M | $3.34M | $2.03M | $393K | $1.41M | $1.86M | $2.38M | $37K | $1.34M | $233K | $479K | $6.14M | $1.29M | $961K |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $59M | $59M | $47.5M | $57.5M | $57.5M | $57.5M | $57M | $57M | $58M | $58M | $58M | $53M | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $1.27M | $0 | $0 | $0 | $0 | $0 | $0 | -$57M | -$58M | $3.72M | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $60.27M | $59M | $47.5M | $57.5M | $57.5M | $57.5M | $57M | $57M | $58M | $61.72M | $58M | $53M | $0 | $0 |
| Other Liabilities | $0 | $69.74M | $154K | $69.1M | $69.45M | $70.12M | $7.29M | $5.41M | $239K | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $66.52M | $69.74M | $49.68M | $69.89M | $72.27M | $70.12M | $66.67M | $62.45M | $59.58M | $61.95M | $58.48M | $59.14M | $1.29M | $961K |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.9M | $0 | $0 | $0 | $0 | $72.02M | $72.01M |
| Common Stock | $155.23M | $156.15M | $156.17M | $156.22M | $156.3M | $156.27M | $156.72M | $156.68M | $156.65M | $167.92M | $167.9M | $168.08M | $166.14M | $166.09M |
| Retained Earnings | -$18.91M | -$23.7M | -$20.08M | -$23M | $13.58M | $19.92M | $17.85M | -$1.9M | $177K | $1.15M | -$12.21M | $8.31M | $10.05M | $10.12M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $13.58M | $19.92M | $17.85M | -$1.9M | $15.96M | -$3.82M | $0 | $0 | -$0 | $0 |
| Other Stockholders' Equity | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $15.96M | -$3.82M | $0 | $0 | $72.02M | $72.01M |
| Total Equity | $136.32M | $132.45M | $136.09M | $133.22M | $169.88M | $176.19M | $174.56M | $154.78M | $172.79M | $165.25M | $155.7M | $176.39M | $248.21M | $248.23M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $202.84M | $202.18M | $185.77M | $203.11M | $242.16M | $246.3M | $241.23M | $217.23M | $232.37M | $227.2M | $214.18M | $235.53M | $249.5M | $249.19M |
| Supplementary Data | ||||||||||||||
| Total Debt | $65.24M | $66.18M | $48.97M | $69.11M | $70.68M | $68.02M | $57M | $57M | $58M | $58M | $58M | $53M | $0 | $0 |
| Net Debt | $65.17M | -$194K | $48.75M | $69.1M | $57.37M | $57.5M | $56.8M | $56.75M | $57.54M | $57.61M | $57.69M | $52.42M | -$628K | -$915K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | $13.84M | $6.33M | $12.41M | -$27.27M | $3.06M | $11.47M | $29.12M | -$8.67M | $17.81M | $21.73M | -$7.87M | $10.92M | $13.33M | $36.84M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | -$453K | $450K | $268K | -$36K | $2.87M | -$2.6M | -$165K | -$68K | $4.46M | -$2.87M | $4.04M | -$3.21M | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | -$7K | $10K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$2.27M | $3.03M | -$101K | -$1.33M | -$478K | -$516K | $2.37M | -$1.28M | $1.28M | -$19K | $0 | $0 | $0 | $0 |
| Other Working Capital | -$17K | $11K | -$468K | $342K | $69K | -$38K | -$30K | -$53K | $38K | -$6K | $162K | -$113K | $0 | $0 |
| Total Working Capital Change | -$2.74M | $3.49M | -$300K | -$1.03M | $2.46M | -$3.14M | $2.18M | -$1.4M | $5.78M | -$2.89M | $4.2M | -$3.33M | $0 | $0 |
| Other Non-Cash Items | -$6.44M | -$16.94M | $17.36M | $39.07M | $1.49M | -$2.42M | -$23.82M | $14.86M | -$9.34M | -$8.87M | $11.23M | $22.09M | -$13.33M | -$36.84M |
| Net Cash from Operating | $4.66M | -$7.13M | $29.46M | $10.78M | $7.01M | $5.91M | $7.48M | $4.79M | $14.25M | $7.09M | $7.56M | $29.69M | $0 | $0 |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$112.27M | -$93.94M | -$64.84M | -$152.23M | -$82.81M | -$125.18M | -$113.14M | -$236.43M | -$159.42M | -$166.84M | $0 | $0 | $0 | $0 |
| Sales of Investments | $112.7M | $79.8M | $89.75M | $157.53M | $75.86M | $129.35M | $108.97M | $234.11M | $159.11M | $167.9M | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $14.15M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $433K | -$14.15M | $24.91M | $5.3M | -$6.96M | $4.17M | -$4.17M | -$2.33M | -$314K | $1.06M | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | -$11.5M | $10M | $1.57M | -$2.66M | -$4.21M | -$1.57M | -$4.23M | - | - | -$5M | -$53M | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $463K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | -$463K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$9.97M | -$9.97M | -$9.54M | -$9.4M | -$9.36M | -$9.37M | -$9.35M | -$9.35M | -$10.28M | -$12.18M | -$12.82M | -$12.89M | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $3.71M | $1.57M | $5.23M | -$3.72M | $3.72M | $0 | -$69.85M | $0 | $0 |
| Net Cash from Financing | -$10.9M | $7.24M | -$29.68M | -$10.97M | -$6.71M | -$5.78M | -$7.62M | -$5.11M | -$13.99M | -$8.46M | -$7.82M | -$29.74M | $0 | $0 |
| Forex Effect | $5.69M | -$2.63M | -$1.44M | -$5.3M | $6.96M | -$4.17M | $4.17M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$123K | $118K | -$213K | -$187K | $301K | $122K | -$137K | -$321K | $261K | $79K | -$264K | -$50K | $0 | $0 |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $4.66M | -$7.13M | $29.46M | $10.78M | $7.01M | $5.91M | $7.48M | $4.79M | $14.25M | $7.09M | $7.56M | $29.69M | $0 | $0 |
| Capital Expenditure | $3 | -$3 | $0 | -$4 | $5 | $4 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $4.66M | -$7.13M | $29.46M | $10.78M | $7.01M | $5.91M | $7.48M | $4.79M | $14.25M | $7.09M | $7.56M | $29.69M | $0 | $0 |
| Cash at Beginning | $194K | $219K | $432K | $619K | $318K | $196K | $333K | $654K | $393K | $314K | $577K | $628K | $0 | $0 |
| Cash at End | $72K | $337K | $219K | $432K | $619K | $318K | $196K | $333K | $654K | $393K | $314K | $577K | $0 | $0 |