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Western Asset Global High Income Fund Inc. Portfolio Composition as of September 30, 2018
Western Asset Global High Income Fund Inc. (NYSE:EHI) announces its
portfolio composition as of September 30, 2018.
Investment Objective: The Fund's primary investment objective is
high current income. The Fund's secondary objective is total return.
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Portfolio Composition*:
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Asset Allocation
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High Yield Corporate Bonds
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43.0%
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Emerging Market Debt
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35.3%
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Sovereign Debt External Currency
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19.2%
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Corporates External Currency
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13.5%
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Sovereign Debt Local Currency
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2.6%
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Bank Loans
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12.6%
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Investment Grade Corporate Bonds
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6.4%
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Government
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1.3%
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Cash & Other Securities
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1.4%
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Credit Quality Allocation**
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AA
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1.3%
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A
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0.8%
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BBB
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23.7%
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BB
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37.4%
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B
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27.5%
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CCC
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6.9%
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D
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0.2%
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Not Rated
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2.2%
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Top Ten High Yield Industries
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Communications
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11.4%
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Energy
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6.8%
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Consumer Cyclical
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5.8%
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Banking
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4.2%
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Consumer Non Cyclical
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3.4%
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Capital Goods
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3.2%
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Basic Industry
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3.1%
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Technology
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1.5%
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Transportation
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0.8%
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REITs
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0.7%
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Top Five Emerging Market Countries
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Brazil
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4.6%
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Indonesia
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4.3%
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Argentina
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4.3%
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Russia
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3.6%
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Colombia
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3.2%
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Currency Allocation
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US Dollar
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96.9%
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Russian Ruble
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1.1%
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Brazilian Real
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0.7%
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British Pound
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0.4%
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Argentine Peso
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0.3%
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Uruguayan Peso
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0.3%
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Mexican Peso
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0.2%
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Euro
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0.1%
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Average Life (years)
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6.4
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Effective Duration (years)
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6.1
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Average Coupon (%)
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6.1
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Portfolio Statistics:
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Inception Date
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July 28, 2003
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Inception Price
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$15.00
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Total Assets
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$651,767,836
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Net Assets***
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$471,767,836
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Loans****
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27.62%
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Preferred Shares****
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0.00%
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Reverse Repos****
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0.00%
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Market Price
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$9.11
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NAV
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$10.55
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(Daily NAV is available on market quotation systems using the symbol
XEHIX.)
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Distribution Rate
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$0.0610 per share
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Frequency
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Monthly (Declared quarterly, paid monthly)
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*
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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.
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**
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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.
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***
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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.
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****
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Percentages are based on total assets. If the Fund employs
leverage, the Effective Duration is based on net assets.
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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
View source version on businesswire.com: https://www.businesswire.com/news/home/20181101005224/en/
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