Western Asset Global High Income Fund Inc. (NYSE: EHI) announces its portfolio composition as of September 30, 2007.
Investment Objective: The Fund’s primary investment objective is high current income. The Fund’s secondary objective is total return.
Portfolio Composition*: | |
Asset Allocation | |
Mortgage Backed Securities | 31.2% |
Investment Grade | 1.0% |
High Yield | 24.4% |
Emerging Market Debt | 20.4% |
| Non-Investment Grade | 12.4% |
| US Dollar | 6.8% |
| Local Currency | 5.6% |
| Investment Grade | 8.1% |
| US Dollar | 6.6% |
| Local Currency | 1.5% |
Cash & Other Securities | 23.0% |
Credit Quality Allocation (Higher of S&P/Moody/Fitch) | |
| AAA | 54.2% |
| AA | 0.1% |
| A | 0.7% |
| BBB | 9.2% |
| BB | 17.5% |
| B | 14.5% |
| CCC | 3.4% |
| CC | 0.3% |
| D | 0.1% |
Top Five High Yield Industries | |
| Consumer Cyclical | 6.3% |
| Communications | 3.8% |
| Consumer Non Cyclical | 2.5% |
| Capital Goods | 2.5% |
| Basic Industry | 2.5% |
Top Five Emerging Market Countries | |
| Russia | 4.2% |
| Brazil | 3.3% |
| Mexico | 2.8% |
| Venezuela | 2.0% |
| Egypt | 1.7% |
| Currency Allocation | |
| US Dollar | 92.9% |
| Brazilian Reals | 2.3% |
| Egyptian Pounds | 1.7% |
| Russian Rubles | 1.5% |
| Indonesian Rupiahs | 0.9% |
| Euros | 0.3% |
| Turkish New Lira | 0.2% |
| Argentine Pesos | 0.2% |
Average Life (years) | 5.6 |
Effective Duration (years) | 2.4 |
Average Credit Quality (S&P) | A |
Portfolio Statistics: | |
| Inception Date | July 28, 2003 |
| Inception Price | $15.00 |
| Total Net Assets | $433.852 million |
| Market Price | $12.49 |
| NAV | $14.17 |
| (Daily NAV is available on market quotation systems using the symbol XEHIX.) | |
| Distribution Rate | $0.0850 per share |
Frequency | Monthly (Declared quarterly, paid monthly) |
| Leverage** | 13.26% |
| * Portfolio holdings and weightings are historical and are presented here for informational purposes only. They are subject to change at any time. | |
| ** The Fund may employ leverage in the form of loans, preferred stock, reverse repurchase agreements and/or other instruments. If the Fund establishes a segregated account in which it maintains cash and/or liquid securities equal in value to its obligation in respect of the reverse repurchase agreements (or other instruments), these investments are not considered to be a borrowing or a "senior security" for purposes of the asset coverage requirements under the 1940 Act, although they may have the same economic effect as other types of leverage. | |
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 and Western Asset Management Limited, affiliates of the adviser.
Past performance is no guarantee of future results. An investment in the Fund involves risk, including loss of principal. Investment return and the value of shares will fluctuate.
For more information, please call Investor Services at 888-777-0102, or consult the Fund’s web site at www.leggmason.com.
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