Western Asset Global High Income:EHI

    Manage Alerts

    Overview

    As of 11/24/2020

     Share
    Price
    NAVPremium/
    Discount
    Current$10.35$10.56-1.99%
    52 Wk Avg$9.46$10.17-7.09%
    52 Wk High$10.88$11.112.48%
    52 Wk Low$6.15$7.66-18.30%
    Regular Distribution TypeIncome Only
    Distribution Rate7.77%
    Distribution Amount$0.0670
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks to achieve high current income as it primary objective with total return as a secondary objective. It intends to achieve this by primarily investing in a global portfolio of below investment grade securities, emerging market debt securities and investment grade fixed income securities. Under normal market conditions, the Fund will invest at least 10% and up to 80% of its Managed Assets in emerging market fixed income securities. The Fund will invest between 10% and 80% of its Managed Assets in investment grade fixed income securities. The Fund may invest up to 20% of its Managed Assets in other types of securities, including equity securities. The Fund may invest up to 15% of its managed assets in illiquid securities. The definition of an emerging market country includes any country which is, at the time of investment, represented in the JP Morgan EMBI Global Index or categorized by the World Bank, in its annual categorization, as middle or low-income. The Fund will also attempt to maintain a portfolio with a weighted average credit quality rated B- or above by Standard & Poors Corporation (S&P), or equivalent ratings from any nationally recognized statistical rating organization. In addition, the Board of Directors approved a new policy providing that in the opinion of the Funds subadvisor, conditions in the securities markets would make pursuing the Funds basic investment strategy inconsistent with the best interest of the Funds stockholders, as a temporary defensive strategy, the subadvisor may employ alternative strategies, including investment of all of the Funds assets in securities rated investment grade by any nationally recognized statistical rating organization, or in unrated securities of comparable quality. Previously, the Fund had no investment policies that addressed adverse market conditions.

    Capital Structure

    As of 11/24/2020

    Total Investment Exposure:$651.943M
    Total Common Assets:$463.241M
    Common Shares Outstanding:43,867,477
    Leverage

    As of 11/24/2020

    Preferred Share Assets:
    Total Debt (USD): $188.703M
    Regulatory Leverage (USD): $188.703M
    Effective Leverage (USD): $188.703M
    Effective Leverage (%): 28.94%
    Annual Expense Ratios

    As of 5/31/2020

      Per Common Share
    Management Fees1.22%
    Other Expenses:0.37%
    Baseline Expense: N/A
    Interest Expense:1.14%
    Total: 2.73%
    Fund Management

    Fund Sponsor
    Legg Mason

    Portfolio Managers
    Christopher F. Kilpatrick, Chia-Liang Lian, S. Kenneth Leech, Michael C. Buchanan, Ryan K. Brist

    Basics
    Category: Fixed Income - Taxable-High Yield
    Ticker: EHI
    NAV Ticker: XEHIX
    Average Daily Volume (shares): 127,078
    Average Daily Volume (USD): $1.179M
    Inception Date: 7/29/2003
    Inception Share Price: $15.00
    Inception NAV: $14.30
    Tender Offer: No
    Term: No
    Fiscal Year End: May 31
    Third Party Links & Reports

    Distributions

    As of 11/24/2020

    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 5/31/2020
    $0.3961
    Annualized Distribution Rate on NAV:
    As of 11/24/2020
    7.61%
    Total Return on NAV (12 months):
    As of 11/24/2020
    2.35%
    Avg. Portfolio Coupon:
    As of 11/24/2020
    5.88%
    Total % Portfolio Effectively Leveraged:
    As of 11/24/2020
    28.94%

    Pricing Information

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

    As of 11/24/2020

    PeriodAvg Discount
    6 Month-5.31%
    1 Year-7.09%
    3 Year-9.89%
    5 Year-10.32%
    Z-Score

    As of 11/24/2020

    PeriodZStat
    3 Month1.55
    6 Month1.90
    1 Year1.93
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 10/31/2020
    Category: Morningstar US CEF High Yield

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD3.72%-0.72%-8.80%-3.46%
    201930.95%18.94%21.79%13.91%
    2018-12.32%-6.12%-5.54%-2.01%
    201713.06%10.61%9.77%9.23%
    201627.48%19.69%19.94%16.22%
    2015-11.95%-8.09%-4.93%-4.43%
    2014-0.38%1.15%2.04%2.36%
    2013-2.82%3.59%2.61%9.80%
    201219.30%22.61%16.41%20.47%
    20117.20%2.71%11.14%4.54%
    201027.20%16.88%19.84%18.51%
    200971.25%51.24%72.15%54.64%
    2008-30.71%-28.35%-39.79%-40.39%
    2007-6.51%0.56%  
    200615.14%9.40%  
    20050.76%5.96%  
    20043.84%6.38%  
    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 10/31/2020
    Category: Morningstar US CEF High Yield

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 11/24/2020
    5.88%
    Average Maturity:
    As of 9/30/2020
    5.97 yrs
    Number of Holdings:
    As of 9/30/2020
    393
    Annual Portfolio Turnover:
    As of 5/31/2020
    60.00%
    Average Bond Price:
    As of 9/30/2020
    $105.07
    Asset Allocation

    As of 9/30/2020 reported by Fund Sponsor

    Top Sectors

    As of 9/30/2020 reported by Fund Sponsor

    Sector%Portfolio
    Corporate Bond93.55%
    Corporate (Super Sector)71.95%
    Government (Super Sector)33.62%
    Government31.04%
    Convertible4.81%
    Government Related2.58%
    Consumer Cyclical0.03%
    Cyclical (Super Sector)0.03%
    Securitized (Super Sector)0.03%
    Asset Backed0.03%
    Top Holdings

    As of 9/30/2020 reported by Fund Sponsor

    HoldingValue% Portfolio
    DISH DBS Corporation 7.75%$10.27M2.28%
    ALTICE FRANCE S.A 7.38%$8.14M1.81%
    Delta Air Lines Inc 7%$6.99M1.55%
    Indonesia (Republic of) 6.62%$6.57M1.46%
    Range Resources Corp. 9.25%$6.53M1.45%
    Petrobras Global Finance B.V. 5.75%$6.42M1.43%
    Western Midstream Operating LP 6.25%$6.29M1.40%
    Russian Federation 5.88%$6.12M1.36%
    CCO Holdings, LLC/ CCO Holdings Capital Corp. 5%$5.61M1.25%
    Bank Of Nova Scotia Repo Loan$-148.50M-33.01%
    Credit Quality

    As of 9/30/2020 reported by Fund Sponsor

    Maturity Breakdown

    As of 9/30/2020 reported by Fund Sponsor

    Country Allocation

    As of 9/30/2020 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income71.78%
    Others - Fixed Income9.39%
    Brazil - Fixed Income6.52%
    Indonesia - Fixed Income5.37%
    Russia - Fixed Income4.69%
    United Kingdom - Fixed Income4.29%
    Mexico - Fixed Income4.11%
    Israel - Fixed Income3.66%
    Argentina - Fixed Income3.47%
    France - Fixed Income2.73%
    Peru - Fixed Income2.49%
    Italy - Fixed Income2.39%
    Turkey - Fixed Income1.91%
    Netherlands - Fixed Income1.44%
    Colombia - Fixed Income1.44%
    Ireland - Fixed Income1.41%
    Switzerland - Fixed Income1.36%
    South Africa - Fixed Income0.69%
    Germany - Fixed Income0.52%
    China - Fixed Income0.46%
    Poland - Fixed Income0.32%
    Hungary - Fixed Income0.32%
    Chile - Fixed Income0.23%
    United States - Equity0.04%
    Canada - Fixed Income-30.59%

    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.

    EWB-1014244PR-E1119W