Western Asset Global High Income Fund Inc. Portfolio Composition as of December 31, 2016
31 January 2017 - 9:30AM
Business Wire
Western Asset Global High Income Fund Inc. (NYSE:EHI) announces
its portfolio composition as of December 31, 2016.
Investment Objective: The Fund’s primary investment
objective is high current income. The Fund’s secondary objective is
total return.
Portfolio Composition*:
Asset
Allocation
High Yield Corporate Bonds
56.2%
Emerging Market Debt
30.6%
Sovereign Debt External Currency
19.1%
Corporates External Currency
10.5%
Sovereign Debt Local Currency
1.0%
Investment Grade Corporate
Bonds
6.0%
Government
4.5%
Bank Loans
1.1%
Asset-Backed Securities
0.3%
Mortgage-Backed Securities
0.1%
Cash & Other Securities
1.2%
Credit Quality
Allocation**
AA 4.8% A 1.0% BBB 15.4% BB 29.6% B 31.8% CCC 12.9% CC 0.7% C 0.1%
D 1.1% Not Rated 2.7%
Top Ten High
Yield Industries
Communications 11.5% Energy 9.5% Consumer Cyclical 9.0% Consumer
Non Cyclical 7.7% Basic Industry 4.6% Capital Goods 3.0% Banking
2.9% Finance Companies 1.8% Transportation 1.6% Technology 1.5%
Top Five Emerging
Market Countries
Brazil 5.0% Argentina 4.1% Russia 3.4% Mexico 3.2% Indonesia 2.1%
Currency
Allocation
US Dollar 99.0% Brazilian Real 0.6% Canadian Dollar 0.4% Indian
Rupee 0.2% Argentine Peso 0.2% Russian Ruble 0.2% British Pound
0.1% Mexican Peso 0.1% Polish Zloty -0.8%
Average Life (years)
7.5
Effective Duration (years)
6.9
Average Coupon (%)
6.6
Portfolio Statistics:
Inception Date
July 28, 2003
Inception Price
$15.00
Total Assets
$662,976,688
Net Assets***
$496,976,688
Loans****
25.04%
Preferred Shares****
0.00%
Reverse Repos****
0.00%
Market Price
$9.83
NAV
$10.98
(Daily NAV is available on market quotation systems using the
symbol XEHIX.)
Distribution Rate
$0.0800 per share
Frequency
Monthly (Declared quarterly, paid
monthly)
* Portfolio holdings and weightings are historical and are
presented here for informational purposes only. They are subject to
change at any time. Negative allocations and allocations in excess
of 100%, if any, are primarily due to the Fund's unsettled trade
activity. **
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 are based on total assets. If the Fund
employs leverage, the Effective Duration is based on net assets.
Western Asset Global High Income Fund Inc., a non-diversified
closed-end investment management company traded on the New York
Stock Exchange under the symbol “EHI,” is advised by Legg Mason
Partners Fund Advisor, LLC, a wholly owned subsidiary of Legg
Mason, Inc., and is sub-advised by Western Asset Management
Company, an affiliate of the advisor.
An investment in the Fund involves risk, including loss of
principal. Investment return and the value of shares will
fluctuate. The credit quality ratings shown may change over
time.
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.
For more information, please call Fund Investor Services at
1-888-777-0102, or consult the Fund’s web site at
http://www.lmcef.com. Hard copies of the Fund’s complete audited
financial statements are available free of charge upon request.
FN1112200
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version on businesswire.com: http://www.businesswire.com/news/home/20170130006089/en/
Western Asset Global High Income Fund Inc.Maria Rosati,
1-212-805-6036mrosati@leggmason.com
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