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The Fund’s investment objective is to provide current income and capital appreciation by investing primarily in a diversified portfolio of investment grade bonds. Under normal market conditions, the Fund expects to invest substantially all (but at least 80%) of its total managed assets in bonds, including corporate bonds, U.S. government and agency securities and mortgage-related securities, and at least 65% of its total managed assets in bonds that, at the time of purchase, are of investment grade quality. The Fund may invest up to 35% of its total managed assets in bonds of below investment grade quality at the time of purchase. The Fund may invest in securities or instruments other than bonds (including preferred stock) and may invest up to 10% of its total managed assets in instruments denominated in currencies other than the U.S. dollar. The Fund expects that the average effective duration of its portfolio will range between 3.5 and seven years, although this target duration may change from time to time.
Western Asset Premier Bond Com trades on the NYSE stock market under the symbol WEA.
As of April 10, 2026, WEA stock price was flat at $10.90 with 12,533 million shares trading.
WEA has a beta of 0.44, meaning it tends to be less sensitive to market movements. WEA has a correlation of 0.29 to the broad based SPY ETF.
WEA has a market cap of $129.29 million. This is considered a Micro Cap stock.
In the last 3 years, WEA traded as high as $11.44 and as low as $9.60.
WEA has underperformed the market in the last year with a price return of +11.8% while the SPY ETF gained +25.2%. However, in the short term, WEA had mixed performance relative to the market. It has outperformed in the last 3 months, returning -0.8% vs -1.8% return in SPY. But in the last 2 weeks, WEA shares have been beat by the market, returning +4.6% compared to an SPY return of +5.3%.
WEA support price is $10.76 and resistance is $11.04 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WEA shares will trade within this expected range on the day.
