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Key Stats

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Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
2.49% -12.86% 880.21M 160633.2
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
7.63% 29.00% -31.55M Upgrade

Basic Info

Investment Strategy
The Fund seeks to maximise total return and achieve high current income by primarily investing in a portfolio of debt securieties of emerging market issuers. Under normal market conditions, the Fund will invest at least 80% of its managed assets in debt securities of emerging market issuers. The Funds investments in debt securities of emerging market issuers will include dollar and non-dollar denominated debt obligations, corporate debt securities and structured securities. The Fund may invest up to 20% of its managed assets in other types of securities, including, but not limited to, equity securities. The Fund may invest up to 15% of its managed assets in illiquid securities. In addition the Fund will attempt to maintain a weighted average credit rating of B- or above (S&P). The definition of 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.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style Low Quality/Extensive Sensitivity
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Emerging Markets Bond
Category Index JPM EMBI Global Diversified TR USD
Prospectus Objective Worldwide Bond
Fund Owner Firm Name Legg Mason
Prospectus Benchmark Index
JPM EMBI Global TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Gordon Brown 8.01 yrs
S. Leech 6.51 yrs
Chia-Liang Lian 5.59 yrs
Kevin Ritter 5.26 yrs

Net Fund Flows Versus Category

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 75
-31.55M
-1.504B Category Low
1.835B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of January 31, 2012

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
Total Return (Price)
--
--
--
--
--
--
--
--
Total Return (NAV)
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--
--
--
--
--
--
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Category Rtn. (NAV)
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% Rank in Cat (NAV)
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As of October 23, 2020. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2013
2014
2015
2016
2017
2018
2019
YTD
-14.94%
-0.58%
-4.89%
16.68%
14.27%
-13.70%
26.59%
-4.23%
-2.02%
5.97%
0.55%
2.65%
3.54%
0.01%
8.72%
6.36%
-12.94%
1.08%
0.97%
13.63%
16.30%
-12.31%
24.37%
-7.50%
-10.25%
9.16%
2.28%
8.92%
9.70%
-6.15%
17.65%
-4.70%
-13.05%
-11.88%
-28.25%
16.18%
16.32%
-14.13%
25.43%
-13.36%
--
--
--
8.14%
7.73%
-1.45%
10.65%
-7.37%
As of October 23, 2020.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (10-23-20) 7.63%
30-Day SEC Yield (9-30-10) Upgrade
7-Day SEC Yield (4-17-19) Upgrade
Number of Holdings Upgrade
Bond
Current Yield 5.73%
Yield to Maturity Upgrade
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price --
As of August 31, 2020

Asset Allocation

As of August 31, 2020.
Type % Net % Long % Short
Cash -4.33% Upgrade Upgrade
Stock 0.00% Upgrade Upgrade
Bond 102.7% Upgrade Upgrade
Convertible 1.67% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
The Republic of Peru 8.75%
3.79% -- --
Indonesia (Republic of) 5.25%
2.96% -- --
Republic of Colombia 7.38%
2.66% -- --
State of Qatar 4.82%
2.16% -- --
RSHB Capital S.A. 8.5%
2.14% -- --
Russian Federation 7.5%
2.05% -- --
Ukraine (Republic of) 9.75%
1.94% -- --
Petrobras Global Finance B.V. 5.38%
1.81% -- --
Poland (Republic of) 5%
1.77% -- --
Russian Federation 7.7%
1.76% -- --

Basic Info

Investment Strategy
The Fund seeks to maximise total return and achieve high current income by primarily investing in a portfolio of debt securieties of emerging market issuers. Under normal market conditions, the Fund will invest at least 80% of its managed assets in debt securities of emerging market issuers. The Funds investments in debt securities of emerging market issuers will include dollar and non-dollar denominated debt obligations, corporate debt securities and structured securities. The Fund may invest up to 20% of its managed assets in other types of securities, including, but not limited to, equity securities. The Fund may invest up to 15% of its managed assets in illiquid securities. In addition the Fund will attempt to maintain a weighted average credit rating of B- or above (S&P). The definition of 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.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style Low Quality/Extensive Sensitivity
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Emerging Markets Bond
Category Index JPM EMBI Global Diversified TR USD
Prospectus Objective Worldwide Bond
Fund Owner Firm Name Legg Mason
Prospectus Benchmark Index
JPM EMBI Global TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Gordon Brown 8.01 yrs
S. Leech 6.51 yrs
Chia-Liang Lian 5.59 yrs
Kevin Ritter 5.26 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (10-23-20) 7.63%
30-Day SEC Yield (9-30-10) Upgrade
7-Day SEC Yield (4-17-19) Upgrade
Number of Holdings Upgrade
Bond
Current Yield 5.73%
Yield to Maturity Upgrade
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price --
As of August 31, 2020

Fund Details

Key Dates
Inception Date 12/1/2003
Last Annual Report Date 12/31/2019
Last Prospectus Date 12/1/2003
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund Yes
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan Yes
Socially Responsible Fund No