GDF Western Asset Global Partners Income Fund, Inc.

Western Asset Global Partners Income Fund Inc. (NYSE:GDF) announces its portfolio composition as of June 30, 2015.

Investment Objective: The Fund seeks to maintain a high level of current income. As a secondary objective, the Fund seeks capital appreciation.

   

Portfolio Composition*:

 

Asset Allocation

Emerging Market Debt

48.4%

Sovereign Debt External Currency

29.8%

Sovereign Debt Local Currency

2.1%

Corporates External Currency

16.5%

Corporates Local Currency

0.1%

High Yield Corporate Bonds

41.6%

Investment Grade Corporate Bonds

5.4%

Bank Loans

1.1%

Asset-Backed Securities

0.1%

Cash & Other Securities

3.4%

 

Credit Quality Allocation**

AA 1.7% A 9.9% BBB 27.5% BB 22.3% B 23.9% CCC 10.2% Not Rated 4.5%  

Top Ten High Yield Industries

Communications 7.9% Consumer Non Cyclical 6.5% Consumer Cyclical 6.1% Energy 5.5% Capital Goods 3.8% Basic Industry 2.9% Transportation 2.6% Finance Companies 1.4% Electric 1.3% Technology 1.0%    

Top Ten Emerging Market Countries

Mexico 7.2% Brazil 6.5% Russia 5.0% Turkey 4.0% Indonesia 3.2% Colombia 3.0% Peru 1.9% Chile 1.6% India 1.3% Poland 1.3%    

Currency Allocation

US Dollar 101.0% Indian Rupee 0.9% Mexican Peso 0.9% British Pound 0.5% Australian Dollar 0.3% Brazilian Real 0.2% Singapore Dollar -0.7% Euro -3.0%  

Average Life (years)

7.4

Effective Duration (years)

4.8

Average Coupon (%)

7.0  

Portfolio Statistics:

 

Inception Date

October 29, 1993

Inception Price

$15.00

Total Assets***

$222,723,788

Net Assets

$165,315,362

Loans****

17.96%

Preferred Shares****

0.00%

Reverse Repos****

6.56%  

Market Price

$9.17

NAV

$10.61 (Daily NAV is available on market quotation systems using the symbol XGDFX.)  

Distribution Rate

$0.07250 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 highest 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 Partners Income Fund Inc., a non-diversified closed-end investment management company traded on the New York Stock Exchange under the symbol “GDF,” 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. Fixed income securities are subject to credit risk, inflation risk, call risk, and interest rate risks. As interest rates rise, bond prices fall, reducing the value of the Fund's share price. International investing involves additional risks. These risks are greater in emerging markets.

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.

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Western Asset Global Partners Income Fund Inc.Fund Investor Services, 1-888-777-0102