Market Overview

Western Asset Global Corporate Defined Opportunity Fund Inc. Portfolio Composition as of June 30, 2018

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Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO)
announces its portfolio composition as of June 30, 2018.

Investment Objective: The Fund's investment objective is to
provide current income and then to liquidate and distribute
substantially all of the Fund's net assets to stockholders on or about
December 2, 2024. As a secondary investment objective, the Fund will
seek capital appreciation.

Investment Strategy: The Fund seeks to achieve its investment
objective by investing, under normal market conditions, at least 80% of
its managed assets in a portfolio of U.S. and foreign corporate
fixed-income securities of varying maturities; at least 40%
of which will be invested in fixed-income securities of foreign issuers
organized or having a principal place of business outside of the
U.S., including in emerging market countries. In addition, the Fund may
invest up to 35% of its managed assets in fixed-income securities below
investment grade quality.

Portfolio Composition*:    
 

Asset Allocation

Investment Grade Corporate Bonds 41.8%
High Yield Corporate Bonds 26.3%
Emerging Market 17.2%
Sovereign Debt External Currency 4.0%
Sovereign Debt Local Currency 1.4%
Corporates External Currency 11.8%
Bank Loans 9.4%
Government 2.0%
Asset-Backed Securities 2.0%
Mortgage-Backed Securities 0.5%
Cash & Other Securities 0.7%
 

Credit Quality Allocation**

AAA 2.1%
AA 1.9%
A 13.3%
BBB 47.3%
BB 24.4%
B 9.3%
CCC 0.5%
Not Rated 1.2%
 

Top Five Industries***

Banking 17.5%
Communications 15.2%
Energy 11.3%
Consumer Cyclical 8.8%
Consumer Non Cyclical 8.8%
 

Top Five Countries

United States 54.0%
United Kingdom 10.6%
France 4.8%
Brazil 3.5%
Italy 2.2%
 
 

Currency of Issue

US Dollar 88.0%
British Pound 5.7%
Euro 4.7%
Russian Ruble 0.7%
Brazilian Real 0.5%
Argentine Peso 0.2%
Peruvian Nuevo Sol 0.1%
 

Currency Exposure (includes currency
hedging)

US Dollar 93.2%
Euro 2.7%
British Pound 2.5%
Russian Ruble 0.7%
Brazilian Real 0.5%
Argentine Peso 0.2%
Peruvian Nuevo Sol 0.1%
Polish Zloty 0.1%
 
Average Life (years) 6.2
Effective Duration (years) 5.6
Average Coupon (%) 5.7
 
Portfolio Statistics:
 
Inception Date November 24, 2009
Inception Price $20.00
Total Assets**** $350,147,044
Net Assets $265,647,044
Loans***** 24.13%
Preferred Shares***** 0.00%
Reverse Repos***** 0.00%
 
Market Price $16.75
NAV $17.78
(Daily NAV is available on market quotation systems using the symbol
XGDOX.)
Distribution Rate

$0.1010 per share

Frequency

Monthly (Declared quarterly, paid monthly)

*     Portfolio holdings and weightings are historical and are presented
here for informational purposes only. They are subject to change at
any time. Negative allocations and allocations in excess of 100%, if
any, are primarily due to the Fund's unsettled trade activity.
**

Credit quality is a measure of a bond issuer's ability to repay
interest and principal in a timely manner. The credit ratings
shown are based on each portfolio security's rating as provided by
Standard and Poor's, Moody's Investors Service and/or Fitch
Ratings, Ltd. and typically range from AAA (highest) to D
(lowest), or an equivalent and/or similar rating. For this
purpose, when two or more of the agencies have assigned differing
ratings to a security, the highest rating is used. Securities that
are unrated by all three agencies are reflected as such. The
credit quality of the investments in the Fund's portfolio does not
apply to the stability or safety of the Fund. These ratings are
updated monthly and may change over time. Please note, the Fund
itself has not been rated by an independent rating agency.

*** Industry breakdown includes High Yield, Investment Grade, Bank Loans
and Emerging Markets allocations.
**** The difference between total assets and net assets, if any, is due
primarily to the Fund's use of borrowings; net assets do not include
borrowings. The Fund may employ leverage in the form of loans,
preferred stock, reverse repurchase agreements and/or other
instruments. When the Fund engages in transactions that have a
leveraging effect on the Fund's portfolio, the value of the Fund
will be more volatile and all other risks will tend to be compounded.
***** Percentages are based on total assets. If the Fund employs leverage,
the Effective Duration is based on net assets.
 

Western Asset Global Corporate Defined Opportunity Fund Inc., a
non-diversified closed-end investment management company traded on the
New York Stock Exchange under the symbol "GDO", is advised by Legg Mason
Partners Fund Advisor, LLC, a wholly owned subsidiary of Legg Mason,
Inc., and is sub-advised by Western Asset Management Company, an
affiliate of the advisor.

An investment in the Fund involves risk, including loss of principal.
Investment return and the value of shares will fluctuate. Fixed income
securities are subject to credit risk, inflation risk, call risk, and
interest rate risks. As interest rates rise, bond prices fall, reducing
the value of the Fund's share price. International investing is subject
to additional risks. These risks are greater in emerging markets.

Data and commentary provided in this press release are for informational
purposes only. Legg Mason and its affiliates do not engage in selling
shares of the Fund.

For more information, please call Fund Investor Services at
1-888-777-0102, or consult the Fund's web site at http://www.lmcef.com.
Hard copies of the Fund's complete audited financial statements are
available free of charge upon request.

FN1112204

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