Western Asset Global Corp Defined Opp:GDO

    Manage Alerts


    As of 6/11/2021

    52 Wk Avg$17.50$18.42-5.07%
    52 Wk High$18.40$19.01-1.73%
    52 Wk Low$15.91$17.39-8.57%
    Regular Distribution TypeIncome Only
    Distribution Rate6.63%
    Distribution Amount$0.1010
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks to achieve its investment objectives by investing, under normal market conditions, at least 80% of its Managed Assets in a portfolio of US and foreign corporate fixed income securities of varying maturities. Under normal market conditions, the Fund will invest at least 40% of its Managed Assets in fixed income securities of foreign issuers organized or having a principal place of business outside the United States, the Fund may also invest up to 35% of its Managed Assets in fixed income securities of below investment grade quality.

    Capital Structure

    As of 6/11/2021

    Total Investment Exposure:$370.245M
    Total Common Assets:$280.245M
    Common Shares Outstanding:14,938,426

    As of 6/11/2021

    Preferred Share Assets:
    Total Debt (USD): $90.000M
    Regulatory Leverage (USD): $90.000M
    Effective Leverage (USD): $90.000M
    Effective Leverage (%): 24.31%
    Annual Expense Ratios

    As of 10/31/2020

      Per Common Share
    Management Fees1.12%
    Other Expenses:0.17%
    Baseline Expense: N/A
    Interest Expense:0.64%
    Total: 1.93%
    Fund Management

    Fund Sponsor
    Franklin Templeton Investments

    Portfolio Managers
    Paul Shuttleworth, Christopher F. Kilpatrick, Chia-Liang Lian, S. Kenneth Leech, Michael C. Buchanan, Andrew J. Belshaw

    Category: Fixed Income - Taxable-Global Income
    Ticker: GDO
    NAV Ticker: XGDOX
    Average Daily Volume (shares): 32,508
    Average Daily Volume (USD): $0.567M
    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


    As of 6/11/2021

    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 10/31/2020
    Annualized Distribution Rate on NAV:
    As of 6/11/2021
    Total Return on NAV (12 months):
    As of 6/11/2021
    Avg. Portfolio Coupon:
    As of 6/11/2021
    Total % Portfolio Effectively Leveraged:
    As of 6/11/2021

    Pricing Information

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

    As of 6/11/2021

    PeriodAvg Discount
    6 Month-4.31%
    1 Year-5.07%
    3 Year-6.32%
    5 Year-6.70%

    As of 6/11/2021

    3 Month0.92
    6 Month1.36
    1 Year1.75
    Pricing History
    Date NAV Premium / Discount


    Calendar Year Total Returns

    As of 5/31/2021
    Category: Morningstar US CEF Global Income

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    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 5/31/2021
    Category: Morningstar US CEF Global Income

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 6/11/2021
    Average Maturity:
    As of 4/30/2021
    6.23 yrs
    Number of Holdings:
    As of 4/30/2021
    Annual Portfolio Turnover:
    As of 10/31/2020
    Asset Allocation

    As of 4/30/2021 reported by Fund Sponsor

    Top Sectors

    As of 4/30/2021 reported by Fund Sponsor

    Corporate (Super Sector)116.11%
    Corporate Bond104.34%
    Government (Super Sector)19.67%
    Bank Loan4.47%
    Securitized (Super Sector)1.35%
    Asset Backed1.31%
    Preferred Stock0.74%
    Derivative (Super Sector)0.09%
    Top Holdings

    As of 4/30/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    The Boeing Company 3.2%$5.55M1.99%
    JPMorgan Chase & Co DR$5.26M1.89%
    Indonesia (Republic of) 3.5%$4.34M1.56%
    HSBC Holdings plc 6.5%$4.13M1.48%
    Transportadora de Gas del Peru S.A. 4.25%$4.07M1.46%
    Intesa Sanpaolo S.p.A. 5.71%$4.04M1.45%
    Western Midstream Operating LP 5.3%$4.03M1.45%
    T-Mobile US, Inc. 7.88%$3.93M1.41%
    Petrobras Global Finance B.V. 6%$3.72M1.33%
    Spirit IP Cayman Ltd / Spirit Loyalty Cayman Ltd 8%$3.56M1.28%
    Credit Quality

    As of 4/30/2021 reported by Fund Sponsor

    Maturity Breakdown

    As of 4/30/2021 reported by Fund Sponsor

    Country Allocation

    As of 4/30/2021 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income72.48%
    United Kingdom - Fixed Income7.51%
    Others - Fixed Income4.86%
    Peru - Fixed Income4.80%
    Mexico - Fixed Income4.70%
    Brazil - Fixed Income4.60%
    Indonesia - Fixed Income3.51%
    Russia - Fixed Income3.41%
    Italy - Fixed Income2.49%
    Switzerland - Fixed Income2.46%
    Israel - Fixed Income2.01%
    Canada - Fixed Income1.70%
    France - Fixed Income1.69%
    Netherlands - Fixed Income1.33%
    Ireland - Fixed Income1.22%
    Chile - Fixed Income1.20%
    Colombia - Fixed Income1.18%
    Argentina - Fixed Income1.16%
    Belgium - Fixed Income1.11%
    Poland - Fixed Income1.06%
    Spain - Fixed Income1.03%
    China - Fixed Income0.99%
    Germany - Fixed Income0.83%
    Japan - Fixed Income0.61%
    United States - Equity0.06%
    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.


    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.