Western Asset Global High Income Fund Inc. Portfolio Composition as of June 30, 2013
July 24 2013 - 8:00AM
Business Wire
Western Asset Global High Income Fund Inc. (NYSE: EHI) announces
its portfolio composition as of June 30, 2013.
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
51.3%
Emerging Market Debt
31.2%
Sovereign Debt External Currency
16.3%
Sovereign Debt Local Currency
3.9%
Corporates External Currency
10.9%
Corporates Local Currency
0.1%
Investment Grade Corporate
Bonds
14.1%
Bank Loans
1.4%
Asset-Backed Securities
0.3%
Cash & Other Securities
1.5%
Credit Quality
Allocation**
A 4.1% BBB 24.8% BB 16.7% B 32.4% CCC 18.9% CC 0.1% D 0.1% Not
Rated 2.8%
Top Ten High
Yield Industries
Communications 10.8% Consumer Non Cyclical 7.5% Consumer Cyclical
6.1% Basic Industry 6.0% Capital Goods 4.8% Energy 4.6%
Transportation 4.4% Electric 3.3% Finance Companies 1.1% Technology
0.9%
Top Five Emerging
Market Countries
Mexico 5.3% Russia 5.0% Brazil 4.4% Venezuela 3.1% Turkey 2.8%
Currency
Allocation
US Dollar 95.3% Mexican Peso 2.1% Brazilian Real 1.4% Russian Ruble
0.6% Turkish Lira 0.6% British Pound 0.4% Polish Zloty -0.1% Euro
-0.4%
Average Life (years)
7.3
Effective Duration (years)
5.0
Average Coupon (%)
7.6
Portfolio Statistics:
Inception Date
July 28, 2003
Inception Price
$15.00
Total Assets
$540,626,313
Net Assets***
$405,537,926
Loans****
18.50%
Preferred Shares****
0.00%
Reverse Repos****
4.86%
Market Price
$12.24
NAV
$13.06
(Daily NAV is available on market
quotation systems using the symbol XEHIX.)
Distribution Rate
$0.09625 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 based on total 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
888-777-0102, or consult the Fund’s web site at
www.leggmason.com/cef.
FN1112200
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