Western Asset Global Corporate Defined Opportunity Fund Inc.

Frequently Asked Questions About GDO

What does GDO invest in?

The Western Asset Global Corporate Defined Opportunity Fund Inc. is a U.S.-domiciled, closed-end mutual fund that primarily invests in global fixed income markets. Established on September 17, 2009, its primary management is handled by Legg Mason Partners Fund Advisor, LLC. The fund also benefits from the co-management expertise of several Western Asset Management entities, specifically Western Asset Management Company, Western Asset Management Company Pte. Ltd., Western Asset Management Company Ltd., and Western Asset Management Company Limited. This fund strategically allocates capital to high-quality, investment-grade debt securities, constructing its portfolio through rigorous proprietary research. To assess its performance, the fund benchmarks its returns against the Barclays Capital Global Aggregate Corporate Index. It was previously known as Western Asset Global Credit Defined Opportunity Fund Inc.

What is the expense ratio of GDO?

Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO) charges an expense ratio of 4.47%. This is the annual fee deducted from fund assets to cover management and operations.

What is GDO's dividend yield?

GDO's trailing-twelve-month yield is 14.51%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of GDO?

Effective duration measures GDO's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. GDO's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of GDO?

GDO's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of GDO?

Yield to maturity (YTM) is the total return you'd earn from GDO if every bond in the portfolio is held to maturity at the current price. GDO's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.