Western Asset Global High Inc Common

The Fund seeks to achieve high current income as it primary objective with total return as a secondary objective. It intends to achieve this by primarily investing in a global portfolio of below investment grade securities, emerging market debt securities and investment grade fixed income securities. Under normal market conditions, the Fund will invest at least 10% and up to 80% of its Managed Assets in emerging market fixed income securities. The Fund will invest between 10% and 80% of its Managed Assets in investment grade fixed income securities. The Fund may invest up to 20% of its Managed Assets in other types of securities, including equity securities. The Fund may invest up to 15% of its managed assets in illiquid securities. The definition of an emerging market country includes any country which is, at the time of investment, represented in the JP Morgan EMBI Global Index or categorized by the World Bank, in its annual categorization, as middle or low-income. The Fund will also attempt to maintain a portfolio with a weighted average credit quality rated B- or above by Standard & Poors Corporation (S&P), or equivalent ratings from any nationally recognized statistical rating organization. In addition, the Board of Directors approved a new policy providing that in the opinion of the Funds subadvisor, conditions in the securities markets would make pursuing the Funds basic investment strategy inconsistent with the best interest of the Funds stockholders, as a temporary defensive strategy, the subadvisor may employ alternative strategies, including investment of all of the Funds assets in securities rated investment grade by any nationally recognized statistical rating organization, or in unrated securities of comparable quality. Previously, the Fund had no investment policies that addressed adverse market conditions.

Key stats

Management firm  Legg Mason
Domicile  United States
Global Branding Name  Legg Mason
12 month yield  8.87%
Fund currency  USD
Launch Date  2003-07-29
ISIN  US95766B1098
SEDOL  2030997
Manager 1 Name  Matthew Duda
Manager 2 Name  Keith Gardner
Fund Strategy  High Yield Bond
Benchmark  Barclays US Agg Bond TR USD
Fund Structure  Closed Ended Investment Company
UCITS 3 compliant  no

Performance/Volatility

Return Date  2014-09-30
Return - 1 Month  -2.71%
Return - 2 Months  -1.64 %
Return - 3 Months  -2.33%
Return - 6 Months  1.34 %
Return - 9 months  4.81 %
Return - 12 Months  8.26%
Annualized return 24 months  6.37 %
Annualized return 36 months  12.15 %
Annualized return 48 months  8.82 %
Annualized return 60 months  10.90 %
Return 120 months  7.82 %
Annualized return since Inception  8.22%
Return YTD  4.81%

Ratings

Morning Star Rating Date   2014-09-30
Morning Star Rating - 36 Months  fund has a 2 star rating fund has a 2 star rating
Morning Star Rating - 60 Months  fund has a 1 star rating
Morning Star Rating - 120 Months  fund has a 3 star rating fund has a 3 star rating fund has a 3 star rating
Morning Star Rating - Overall  fund has a 3 star rating fund has a 3 star rating fund has a 3 star rating

Charges

Initial  0.00 %
Maximum Managment Charge  0.85 %
Exit charge  0.00 %
Performance Fee  0.00 %

Contact

Contact Address  Legg Mason/Western
Contact Address 2  100 International Drive
Contact Address 3  Baltimore, MD 21202
Contact city  Baltimore
Contact country  United States
Fund Admin Group  Legg Mason
Web Address  www.leggmason.com
Custodian  State Street Bank & Trust Co
Phone  1-877-721-1926

Price

Last Price Date  2014-10-23
Pre-tax nav  11.99
Pre-tax offer  0.00
Pre-tax bid  0.00
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  $0.04
Price change (percentage)  0.33 %
Guaranteed NAV  0.00000
Close Price  0.00

Funds Disclaimer

© 2011 - Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed (save (i) as incidentally necessary in the course of viewing it on-line (ii) in the course of printing off single copies of web pages on which it appears for the use of those authorised to view it on-line), or adapted in any way (3) is not warranted to be accurate, complete or timely. This Morningstar-sourced information is provided to you by GFM Ltd and is at your own risk. You agree that Morningstar and or GFM Ltd are not responsible for any damages or losses arising from any use of this information and that the information must not be relied upon by you the user without appropriate verification. GFM Ltd informs you as follows: (i) The information provided should not form the sole basis of any investment decision (ii) no investment decision should be made in relation to any of the information provided other than on the advice of a professional financial advisor; (iii) past performance is no guarantee of future results; and (iv) the value and income derived from investments can go down as well as up.
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Ratings Disclaimer

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