# Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO): Closed-End Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/gdo for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Western Asset · Asset class: Bond - Strategy: Actively Managed · Inception: 2009-11-24 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... ## Key Facts | Metric | Value | |---|---| | Price | $9.57 | | Expense Ratio | 4.47% | | Market Value | $72.0M | | NAV | Not on file (no daily NAV for closed-end funds) | | Holdings Count | — | | Distribution Yield (TTM) | 15.30% | | Annual Distribution (TTM) | $1.46 /share | | Distribution Frequency | Monthly | | 52-Week Range | $9.33 – $11.93 | | Beta | 0.67 | ## Latest Distribution - Amount: $0.1220 /share - Ex-date: 2026-10-23 - Pay date: 2026-10-30 ## Next Distribution (Declared) - Amount: $0.1220 /share - Ex-date: 2026-11-20 - Pay date: 2026-11-30 ## Frequently Asked Questions ### 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 15.30%, 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. ### Does GDO pay a dividend? Yes, Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO) distributes dividends to shareholders. The trailing-twelve-month yield is 15.30%. Full dividend history is on this page. ### How often does GDO pay dividends? Western Asset Global Corporate Defined Opportunity Fund Inc. pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is GDO's next ex-dividend date? The most recently announced ex-dividend date for GDO was 2026-11-20. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will GDO's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 4.47% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does GDO charge its expense ratio? The expense ratio is deducted in tiny daily slices from GDO's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does GDO cost more than a fund like VOO? GDO is actively managed (current expense ratio 4.47%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether GDO's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to GDO? The Lower-Fee Alternatives card above lists closed-end funds following the same investment strategy as GDO (4.47%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/gdo - Distribution history: https://www.dividenddata.com/funds/gdo/dividend - Holdings & diversification: https://www.dividenddata.com/funds/gdo/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/gdo/expenses - Peer comparison: https://www.dividenddata.com/funds/gdo/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.