Market Overview

Western Asset Global Corporate Defined Opportunity Fund Inc. Portfolio Composition as of March 31, 2019

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Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO)
announces its portfolio composition as of March 31, 2019.

Investment Objective: The Fund 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*:

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Asset Allocation

     
Investment Grade Corporate Bonds 41.7%
High Yield Corporate Bonds 27.2%
Emerging Market 18.3%
Sovereign Debt External Currency 3.8%
Sovereign Debt Local Currency 1.8%
Corporates External Currency 12.7%
Bank Loans 6.7%
Government 4.0%
Asset-Backed Securities 0.9%
Mortgage-Backed Securities 0.2%
Cash & Other Securities 0.9%
 

Credit Quality Allocation**

AAA 4.1%
AA 1.6%
A 12.2%
BBB 48.1%
BB 21.6%
B 11.1%
CCC 0.3%
Not Rated 1.0%
 

Top Five Industries***

Banking 18.7%
Communications 14.5%
Consumer Non Cyclical 8.0%
Consumer Cyclical 7.0%
Energy 6.8%
 

Top Five Countries

United States 53.1%
United Kingdom 11.6%
Brazil 4.5%
Italy 2.9%
Indonesia 2.3%
 
 

Currency of Issue

US Dollar 89.3%
British Pound 4.4%
Euro 3.8%
Brazilian Real 0.6%
Canadian Dollar 0.6%
Russian Ruble 0.4%
Indonesian Rupiah 0.4%
Mexican Peso 0.2%
Uruguayan Peso 0.2%
Argentine Peso 0.1%
 

Currency Exposure (includes currency
hedging)

US Dollar 85.0%
Euro 7.7%
British Pound 4.0%
Canadian Dollar 1.6%
Russian Ruble 0.4%
Brazilian Real 0.4%
Indonesian Rupiah 0.4%