Western Asset Global Partners Income Fund Inc. Portfolio Composition as of March 31, 2015
April 30 2015 - 9:00AM
Business Wire
Western Asset Global Partners Income Fund Inc. (NYSE: GDF)
announces its portfolio composition as of March 31, 2015.
Investment Objective: The Fund seeks to maintain a high
level of current income. As a secondary objective, the Fund seeks
capital appreciation.
Portfolio Composition*:
Asset
Allocation
Emerging Market Debt 44.2% Sovereign
Debt External Currency 27.7% Sovereign Debt Local Currency 1.8%
Corporates External Currency 14.6% Corporates Local Currency 0.1%
High Yield Corporate Bonds 43.9% Investment Grade
Corporate Bonds 5.2% Bank Loans 2.0%
Asset-Backed Securities 0.1% Cash & Other
Securities 4.7%
Credit Quality
Allocation**
AA 1.4% A 10.0% BBB 25.5% BB 21.1% B 25.3% CCC 10.0% CC 0.1% Not
Rated 6.7%
Top Ten High
Yield Industries
Communications 9.4% Consumer Cyclical 6.7% Consumer Non Cyclical
5.9% Energy 5.5% Capital Goods 4.4% Basic Industry 3.1%
Transportation 2.9% Finance Companies 1.6% Electric 1.4% Technology
1.3%
Top Ten Emerging
Market Countries
Mexico 7.1% Brazil 6.1% Turkey 3.9% Russia 3.8% Indonesia 3.4%
Colombia 2.8% Peru 1.9% Chile 1.7% Poland 1.3% India 1.1%
Currency
Allocation
US Dollar 98.3% Indian Rupee 0.7% Mexican Peso 0.5% Euro 0.5%
British Pound 0.4% Australian Dollar 0.3% Singapore Dollar -0.7%
Average Life (years) 6.4
Effective Duration
(years) 4.2
Average Coupon (%) 6.9
Portfolio
Statistics: Inception Date October 29, 1993
Inception Price $15.00
Total Assets*** $230,076,959
Net Assets $169,123,394
Loans**** 19.12%
Preferred
Shares**** 0.00%
Reverse Repos**** 6.69%
Market Price $9.57
NAV $10.85 (Daily NAV is available
on market quotation systems using the symbol XGDFX.)
Distribution Rate $0.07250 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.
*** 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 based on total assets.
Western Asset Global Partners Income Fund Inc., a
non-diversified closed-end investment management company traded on
the New York Stock Exchange under the symbol “GDF,” 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 involves 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.
FN1112203
Western Asset Global Partners Income Fund Inc.Fund Investor
Services, 1-888-777-0102
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