Market Overview

Western Asset Global Corporate Defined Opportunity Fund Inc. Portfolio Composition as of June 30, 2019

Share:

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) announces its portfolio composition as of June 30, 2019.

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

41.4%

High Yield Corporate Bonds

27.4%

Emerging Market

19.7%

Sovereign Debt External Currency

3.6%

Sovereign Debt Local Currency

3.0%

Corporates External Currency

13.1%

Bank Loans

7.1%

Government

3.7%

Asset-Backed Securities

0.9%

Mortgage-Backed Securities

0.2%

Cash & Other Securities

-0.4%

 

 

Credit Quality Allocation**

 

AAA

3.8%

AA

1.2%

A

14.3%

BBB

46.4%

BB

22.6%

B

11.7%

 

 

 

 

Top Five Industries***

 

Banking

19.2%

Communications

15.5%

Energy

12.9%

Consumer Non Cyclical

10.1%

Consumer Cyclical

7.9%

 

 

Top Five Countries

 

United States

54.8%

United Kingdom

10.7%

Brazil

4.8%

Indonesia

2.6%

Canada

2.5%

 

 

 

 

Currency of Issue

 

US Dollar

89.1%

Euro

3.7%

British Pound

3.6%

Polish Zloty

0.8%

Russian Ruble

0.6%

Brazilian Real

0.6%

Canadian Dollar

0.6%

Indonesian Rupiah

0.5%

Mexican Peso

0.2%

Uruguayan Peso

0.2%

Argentine Peso

0.1%

 

 

Currency Exposure (includes currency hedging)

US Dollar

83.8%

Euro

7.7%

British Pound

3.9%

Canadian Dollar

1.7%

Polish Zloty

0.8%

Russian Ruble

0.6%

Brazilian Real

0.6%

Indonesian Rupiah

0.5%

Mexican Peso

0.2%

Uruguayan Peso

0.2%

Argentine Peso

0.1%

 

 

Average Life (years)

6.0

Effective Duration (years)

5.9

Average Coupon (%)

5.6

 

 

Portfolio Statistics:

 

Inception Date

November 24, 2009

Inception Price

$20.00

Total Assets****

$370,663,893

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com