Western Asset Glb Corp Def Opp:GDO

    Overview

    As of 10/13/2017

     Share
    Price
    NAVPremium/
    Discount
    Current$18.51$19.31-4.14%
    52 Wk Avg$17.61$18.97-7.14%
    52 Wk High$18.57$19.34-3.88%
    52 Wk Low$16.52$18.43-11.38%
    Regular Distribution TypeIncome Only
    Distribution Rate7.36%
    Distribution Amount$0.1135
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks current income with capital appreciation through investments in a portfolio of US and foreign corporate fixed income securities of varying maturities

    Capital Structure

    As of 10/13/2017

    Total Net Assets:$371.502M
    Total Common Assets:$288.502M
    Common Shares Outstanding:14,940,540
    Leverage

    As of 4/28/2017

    Preferred Share Assets:
    Type of Preferred:
    Total Debt (USD): $83.000M
    Structural Leverage (USD): $83.000M
    Structural Leverage (%): 22.61%
    Effective Leverage (USD): $83.000M
    Effective Leverage (%): 22.61%
    Annual Expense Ratios

    As of 10/31/2016

      Per Common Share
    Management Fees1.04%
    Other Expenses:0.11%
    Baseline Expense: 1.15%
    Interest Expense:0.36%
    Total: 1.51%

    Fund Management

    Fund Sponsor
    Legg Mason Partners Fund Advisors, LLC

    Portfolio Managers
    Andrew Belshaw (30 Nov 2009) / Michael C. Buchanan (30 Nov 2009) / Christopher F. Kilpatrick (05 Sep 2012) / Kenneth Leech (24 Nov 2009) / Chia-Liang Lian (31 Jan 2015) / Paul Shuttleworth (05 Sep 2012)

    Basics
    Category: Taxable Income-Investment Grade
    Ticker: GDO
    NAV Ticker: XGDOX
    Average Daily Volume (shares): 39,000
    Average Daily Volume (USD): $0.678M
    Inception Date: 11/24/2009
    Inception Share Price: $20.00
    Inception NAV: $19.06
    Tender Offer: No
    Term: Yes
    Fiscal Year End: October 31
    Third Party Links & Reports

    Distributions

    As of 10/13/2017

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 7/31/2017
    $0.0912
    Annualized Distribution Rate on NAV:
    As of 10/13/2017
    7.05%
    Total Return on NAV (12 months):
    As of 10/13/2017
    8.80%
    Avg. UNII Per Share:
    As of 4/30/2017
    $0.4228
    Avg. Portfolio Coupon:
    As of 10/13/2017
    6.12%
    Total % Portfolio Effectively Leveraged:
    As of 10/13/2017
    22.61%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 10/13/2017

    PeriodAvg Discount
    6 Month-5.99%
    1 Year-7.14%
    3 Year-9.18%
    5 Year-8.75%
    Z-Score

    As of 10/13/2017

    PeriodZStat
    3 Month1.80
    6 Month2.20
    1 Year2.00
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 10/13/2017
    Category: Investment Grade Leveraged

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD14.52%9.37%16.19%12.16%
    201617.50%11.70%17.42%13.28%
    2015-3.80%-2.22%-1.40%-1.35%
    20146.12%4.54%5.61%8.80%
    2013-6.16%3.58%0.31%4.90%
    201224.57%21.60%20.45%25.80%
    20119.25%1.93%13.64%0.79%
    2010-2.42%11.86%22.00%25.29%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 10/13/2017
    Category: Investment Grade Leveraged

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 10/13/2017
    6.12%
    Average Maturity:
    As of 6/30/2017
    6.99 yrs
    Number of Holdings:
    As of 6/30/2017
    350
    Annual Portfolio Turnover:
    As of 10/31/2016
    51.00%
    Asset Allocation

    As of 10/30/2015 reported by Fund Sponsor

    Top Sectors

    As of 10/30/2015 reported by Fund Sponsor

    Sector%Portfolio
    Debt - Corp Long 91.10%
    Net Current Assets 2.54%
    Debt - Gov Long 2.05%
    Debt - Asset-Backed Sec 1.44%
    General Equity 0.71%
    Debt - Senior Loans 0.66%
    Debt - Short 0.59%
    Debt - Mortg: CMOs 0.56%
    Debt - Pref Shrs 0.29%
    Debt - Convertible Prefs 0.04%
    Top Holdings

    As of 6/30/2017 reported by Fund Sponsor

    HoldingValue% Portfolio
    Usd/Gbp Ffx Due 072017-Cross 20 Jul 2017$21.11M5.72%
    Usd/Eur Ffx Due 072017-Cross 20 Jul 2017$8.08M2.19%
    Jpmorgan Chase FRN 6.00 29 Dec 2049$7.57M2.05%
    Telecom Italia S P A New 144A 5.303% 5.30 30 May 2024$6.27M1.70%
    Barclays Bk 7.625%$4.82M1.31%
    Charter Comms Oper 6.484% 6.48 23 Oct 2045$4.44M1.20%
    Brinker Intl 144A 5% 5.00 01 Oct 2024$4.17M1.13%
    Sprint Spectrum Co Llc 2016-1 3.36% 3.36 20 Mar 2023$4.02M1.09%
    Sprint 7.875% 7.88 15 Sep 2023$4.01M1.09%
    Ing Bk Nv 6.875% 6.88 29 May 2023$3.90M1.06%
    Wachovia Cap Tr Iii FRN 5.57 31 Dec 2049$3.69M1.00%
    Credit Quality

    As of 6/30/2017 reported by Fund Sponsor

    Country Allocation

    As of 10/30/2015 reported by Fund Sponsor

    Country% Portfolio
    USA 97.90%
    Global 2.10%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    Data Provided by Morningstar
    Interactive Charts by Morningstar
    View Morningstar Notice and Disclaimer