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Western Asset Emerging Markets Debt:EMD

    Manage Alerts

    Overview

    As of 12/6/2019

     Share
    Price
    NAVPremium/
    Discount
    Current$13.94$15.34-9.13%
    52 Wk Avg$13.73$15.55-11.70%
    52 Wk High$14.54$16.27-8.04%
    52 Wk Low$11.82$14.67-18.87%
    Regular Distribution TypeManaged Distribution
    Distribution Rate8.61%
    Distribution Amount$0.1000
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks to maximise total return and achieve high current income by primarily investing in a portfolio of debt securieties of emerging market issuers. Under normal market conditions, the Fund will invest at least 80% of its managed assets in debt securities of emerging market issuers. The Funds investments in debt securities of emerging market issuers will include dollar and non-dollar denominated debt obligations, corporate debt securities and structured securities. The Fund may invest up to 20% of its managed assets in other types of securities, including, but not limited to, equity securities. The Fund may invest up to 15% of its managed assets in illiquid securities. In addition the Fund will attempt to maintain a weighted average credit rating of B- or above (S&P). The definition of 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.

    Capital Structure

    As of 12/6/2019

    Total Investment Exposure:$1,226.844M
    Total Common Assets:$931.844M
    Common Shares Outstanding:60,746,012
    Leverage

    As of 12/31/2018

    Preferred Share Assets:
    Total Debt (USD): $295.000M
    Regulatory Leverage (USD): $295.000M
    Effective Leverage (USD): $295.000M
    Effective Leverage (%): 24.05%
    Annual Expense Ratios

    As of 12/31/2018

      Per Common Share
    Management Fees1.19%
    Other Expenses:0.07%
    Baseline Expense: N/A
    Interest Expense:1.09%
    Total: 2.35%
    Fund Management

    Fund Sponsor
    Legg Mason

    Portfolio Managers
    Gordon S. Brown, Chia-Liang Lian, Kevin J. Ritter, S. Kenneth Leech

    Basics
    Category: Fixed Income - Taxable-Emerging Market Income
    Ticker: EMD
    NAV Ticker: XEMDX
    Average Daily Volume (shares): 31,359
    Average Daily Volume (USD): M
    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 12/6/2019

    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 6/30/2019
    $0.5693
    Annualized Distribution Rate on NAV:
    As of 12/6/2019
    7.82%
    Total Return on NAV (12 months):
    As of 12/6/2019
    13.04%
    Avg. Portfolio Coupon:
    As of 12/6/2019
    6.40%
    Total % Portfolio Effectively Leveraged:
    As of 12/6/2019
    24.05%

    Pricing Information

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

    As of 12/7/2019

    PeriodAvg Discount
    6 Month-10.75%
    1 Year-11.70%
    3 Year-12.28%
    5 Year-12.97%
    Z-Score

    As of 12/6/2019

    PeriodZStat
    3 Month0.84
    6 Month1.35
    1 Year1.34
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 12/6/2019
    Category: Morningstar US CEF Emerging Market Income

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD23.94%11.60%20.39%7.46%
    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%18.99%15.52%
    200953.55%41.84%60.91%41.45%
    2008-20.62%-20.11%-25.59%-20.84%
    20077.84%6.32%-2.30%7.14%
    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 12/6/2019
    Category: Morningstar US CEF Emerging Market Income

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 12/6/2019
    6.40%
    Number of Holdings:
    As of 9/30/2019
    286
    Annual Portfolio Turnover:
    As of 12/31/2018
    42.00%
    Asset Allocation

    As of 9/30/2019 reported by Fund Sponsor

    Top Sectors

    As of 9/30/2019 reported by Fund Sponsor

    Sector%Portfolio
    Government (Super Sector)94.08%
    Government83.06%
    Corporate Bond42.06%
    Corporate (Super Sector)12.34%
    Government Related11.03%
    Convertible1.45%
    Future Forward0.06%
    Derivative (Super Sector)0.06%
    Cash Equivalents (Super Sector)-6.49%
    Cash Equivalents-6.49%
    Top Holdings

    As of 9/30/2019 reported by Fund Sponsor

    HoldingValue% Portfolio
    The Republic of Peru 8.75%$33.75M3.57%
    Indonesia (Republic of) 5.25%$25.29M2.67%
    Republic of Colombia 7.38%$23.75M2.51%
    Russian Federation 7.5%$23.03M2.43%
    Indonesia (Republic of) 4.75%$20.51M2.17%
    RSHB Capital S.A. 8.5%$19.40M2.05%
    Republic of Ecuador 7.88%$18.75M1.98%
    Egypt (Arab Republic of) 0%$17.61M1.86%
    State of Qatar 4.82%$17.47M1.85%
    Pershing Credit Agreement Loan$-295.00M-31.17%
    Credit Quality

    As of 9/30/2019 reported by Fund Sponsor

    Maturity Breakdown

    As of 9/30/2019 reported by Fund Sponsor

    Country Allocation

    As of 9/30/2019 reported by Fund Sponsor

    Country% Portfolio
    Others - Fixed Income49.00%
    Indonesia - Fixed Income13.61%
    Russia - Fixed Income8.46%
    Peru - Fixed Income8.31%
    Netherlands - Fixed Income7.05%
    Mexico - Fixed Income6.58%
    China - Fixed Income6.39%
    Colombia - Fixed Income5.22%
    Turkey - Fixed Income4.49%
    Argentina - Fixed Income4.25%
    Brazil - Fixed Income3.64%
    Poland - Fixed Income2.92%
    Chile - Fixed Income1.82%
    South Africa - Fixed Income1.81%
    Hungary - Fixed Income1.54%
    Vietnam - Fixed Income1.21%
    Austria - Fixed Income0.92%
    Lithuania - Fixed Income0.66%
    Philippines - Fixed Income0.58%
    Hong Kong - Fixed Income0.50%
    Malaysia - Fixed Income0.35%
    Venezuela - Fixed Income0.34%
    Switzerland - Fixed Income0.27%
    Ireland - Fixed Income0.23%
    United Kingdom - Fixed Income0.22%
    South Korea - Fixed Income0.14%
    United States - Fixed Income-26.07%

    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.

    EWB-1014244PR-E1119W