PRESS RELEASE


Western Asset Global High Income Fund Inc. Portfolio Composition as of March 31, 2018


May 1, 2018

 

NEW YORK--(BUSINESS WIRE)-- Western Asset Global High Income Fund Inc. (NYSE: EHI) announces its portfolio composition as of March 31, 2018.

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

48.7%

Emerging Market Debt

33.4%

Sovereign Debt External Currency

18.7%

Corporates External Currency

10.9%

Sovereign Debt Local Currency

3.7%

Bank Loans

10.4%

Investment Grade Corporate Bonds

7.5%

Government

2.2%

Cash & Other Securities

-2.1%

 

Credit Quality Allocation **

AA 2.5%
A 2.1%
BBB 17.7%
BB 41.9%
B 26.8%
CCC 9.4%
CC 0.4%
D 0.3%
Not Rated -1.1%
 

Top Ten High Yield Industries

Communications 11.4%
Energy 8.3%
Consumer Cyclical 6.6%
Consumer Non Cyclical 4.7%
Banking 3.4%
Basic Industry 3.2%
Capital Goods 3.1%
Finance Companies 1.7%
Technology 1.3%
Insurance 1.2%
 
 

Top Five Emerging Market Countries

Brazil 5.1%
Argentina 5.1%
Russia 3.6%
Mexico 2.5%
Colombia 2.3%
 
 

Currency Allocation

US Dollar 95.9%
Russian Ruble 1.1%
Brazilian Real 1.0%
Argentine Peso 0.6%
Polish Zloty 0.6%
Uruguayan Peso 0.4%
Turkish Lira 0.2%
British Pound 0.2%
Euro 0.1%
 

Average Life (years)

6.7

Effective Duration (years)

6.0

Average Coupon (%)

6.4
 

Portfolio Statistics:

 

Inception Date

July 28, 2003

Inception Price

$15.00

Total Assets

$657,029,001

Net Assets***

$489,029,001

Loans****

25.57%

Preferred Shares****

0.00%

Reverse Repos****

0.00%
 
Market Price

$9.41

NAV

$10.84

(Daily NAV is available on market quotation systems using the symbol XEHIX.)

 

Distribution Rate

$0.0610 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

Media Contact

1-888-777-0102