Western Asset Emerging Markets Debt:EMD

    Manage Alerts

    Overview

    As of 11/28/2023. NAV as of 11/27/2023.

     Share
    Price    		NAVPremium/
    Discount
    Current$8.58$9.92-13.61%
    52 Wk Avg$8.78$10.05-12.64%
    52 Wk High$9.75$10.78-7.88%
    52 Wk Low$7.85$9.30-16.28%
    Regular Distribution Type†Managed Distribution
    Distribution Rate11.82%
    Distribution Amount$0.0845
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund’s primary investment objective is to seek high current income and its secondary investment objective is to seek capital appreciation. Under normal market conditions, the Fund invests at least 80% of its managed assets in debt securities of issuers in emerging market countries.

    Capital Structure

    As of 11/28/2023

    Total Investment Exposure:$847.640M
    Total Common Assets:$597.640M
    Common Shares Outstanding:60,246,012
    Leverage

    As of 11/27/2023

    Preferred Share Assets:
    Total Debt (USD): $250.000M
    Regulatory Leverage (USD): $250.000M
    Effective Leverage (USD): $250.000M
    Effective Leverage (%): 29.49%
    Annual Expense Ratios

    As of 12/31/2022

      Per Common Share
    Management Fees1.20%
    Other Expenses:0.18%
    Baseline Expense: N/A
    Interest Expense:0.94%
    Total: 2.32%
    Fund Management

    Fund Sponsor
    Franklin Templeton Investments

    Portfolio Managers
    Chia-Liang Lian, Kevin J. Ritter, Mark Hughes, S. Kenneth Leech

    Basics
    Category: Fixed Income - Taxable-Emerging Market Income
    Ticker: EMD
    NAV Ticker: XEMDX
    Average Daily Volume (shares): 185,978
    Average Daily Volume (USD): $1.636M
    Inception Date: 12/1/2003
    Inception Share Price: $20.00
    Inception NAV: $19.06
    Tender Offer: No
    Term: No
    Fiscal Year End: December 31
    Third Party Links & Reports

    Distributions

    As of 11/28/2023

    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.

    to
    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 6/30/2023    		 $0.3556
    Annualized Distribution Rate on NAV:
    As of 11/28/2023    		10.22%
    Total Return on NAV (12 months):
    As of 11/28/2023    		11.26%
    Avg. Portfolio Coupon:
    As of 11/28/2023    		 6.05%
    Total % Portfolio Effectively Leveraged:
    As of 11/28/2023     		29.49%

    Pricing Information

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

    As of 11/28/2023

    PeriodAvg Discount
    6 Month-13.23%
    1 Year-12.64%
    3 Year-10.06%
    5 Year-10.93%
    Z-Score

    As of 11/28/2023

    PeriodZStat
    3 Month-0.11
    6 Month-0.26
    1 Year-0.53
    Pricing History
     from  
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 10/31/2023
    Category: Morningstar US CEF Emerging Market Income

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-3.64%-0.33%1.29%4.22%
    2022-20.80%-17.86%-18.78%-18.52%
    2021-0.32%-4.05%-0.68%-3.27%
    20207.11%5.86%-4.97%2.36%
    201926.59%15.76%25.68%11.78%
    2018-13.70%-9.78%-14.24%-11.32%
    201714.27%10.17%18.72%15.27%
    201616.68%12.44%27.23%13.73%
    2015-4.89%-2.83%-7.81%-7.55%
    2014-0.58%2.25%-4.03%-2.33%
    2013-14.93%-8.58%-14.48%-9.06%
    201223.48%16.40%23.58%19.76%
    201110.73%6.55%1.89%2.24%
    201013.74%13.49%  
    200953.55%41.84%  
    2008-20.62%-20.11%  
    20077.84%6.32%  
    20069.13%9.90%  
    20056.97%16.64%  
    20045.58%13.37%  
    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 10/31/2023
    Category: Morningstar US CEF Emerging Market Income

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 11/27/2023    		6.05%
    Number of Holdings:
    As of 9/30/2023    		278
    Annual Portfolio Turnover:
    As of 12/31/2022    		40.00%
    Asset Allocation

    As of 9/30/2023

    Top Sectors

    As of 9/30/2023

    Sector%Portfolio
    Government (Super Sector)88.01%
    Government72.12%
    Corporate (Super Sector)49.65%
    Corporate Bond49.65%
    Government Related15.89%
    Derivative (Super Sector)0.21%
    Future Forward0.21%
    Cash Equivalents-37.93%
    Cash Equivalents (Super Sector)-37.93%
    Top Holdings

    As of 9/30/2023

    HoldingValue% Portfolio
    Mexico (United Mexican States) 5%$13.81M2.38%
    Indonesia (Republic of) 5.25%$13.17M2.27%
    Petroleos Mexicanos 5.35%$12.72M2.19%
    Qatar (State of) 4.817%$12.31M2.12%
    Petrobras Global Finance B.V. 6.85%$12.16M2.10%
    Peru (Republic of) 8.75%$11.01M1.90%
    Uruguay (Republic of) 5.75%$10.90M1.88%
    Peru (Republic of) 7.35%$10.76M1.85%
    Pt Mineral Industri Indonesia (Persero) 5.71%$10.33M1.78%
    Bahrain (Kingdom of) 5.625%$9.00M1.55%
    Credit Quality

    As of 9/30/2023

    Maturity Breakdown

    As of 9/30/2023

    Country Allocation

    As of 9/30/2023

    Country% Portfolio
    Others - Fixed Income70.95%
    Mexico - Fixed Income13.37%
    Indonesia - Fixed Income8.13%
    Brazil - Fixed Income7.33%
    Argentina - Fixed Income5.82%
    Peru - Fixed Income5.50%
    Colombia - Fixed Income4.28%
    South Africa - Fixed Income4.12%
    Chile - Fixed Income2.99%
    Turkey - Fixed Income2.53%
    Israel - Fixed Income2.27%
    Malaysia - Fixed Income1.53%
    United States - Fixed Income1.44%
    South Korea - Fixed Income1.44%
    Hungary - Fixed Income0.93%
    Vietnam - Fixed Income0.81%
    Singapore - Fixed Income0.63%
    Italy - Fixed Income0.52%
    Poland - Fixed Income0.50%
    Netherlands - Fixed Income0.45%
    Hong Kong - Fixed Income0.43%
    India - Fixed Income0.34%
    Ireland - Fixed Income0.31%
    United Kingdom - Fixed Income0.31%
    Venezuela - Fixed Income0.29%
    Thailand - Fixed Income0.29%
    Switzerland - Fixed Income0.17%
    China - Fixed Income0.02%
    Invalid Country - Fixed Income0.00%

    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. In general, managed distributions may be sourced from net investment income, realized gains and return of capital. CEFConnect.com does not undertake to disclose specific information about closed-end fund distribution sources. 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.

    E-2949862P-E0623W

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