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Western Asset Emerging Markets Debt Fund Inc. Portfolio Composition As Of September 30, 2012

Stocks in this article: ESD

Western Asset Emerging Markets Debt Fund Inc. (NYSE: ESD) announces its portfolio composition as of September 30, 2012.

Investment Objective: The Fund’s primary investment objective is total return. The Fund’s secondary objective is high current income.

Portfolio Composition*:

Asset Allocation

 

Emerging Market Debt

97.7%

Sovereign Debt External Currency

62.4%

Sovereign Debt Local Currency

12.7%

Corporates External Currency

22.7%

Investment Grade Corporate Bonds

2.0%

Cash & Other Securities

0.3%

 

Credit Quality Allocation **

AA 1.2%
A 16.6%
BBB 53.5%
BB 14.3%
B 12.9%
CCC 1.2%
Not Rated 0.3%
 

Top Ten Emerging Market Countries

Mexico 14.6%
Brazil 14.5%
Russia 12.7%
Venezuela 9.6%
Turkey 8.3%
Indonesia 6.8%
Peru 6.6%
Columbia 5.9%
Argentina 3.5%
Malaysia 3.4%
 

Currency Allocation

US Dollars 87.1%
Brazilian Reals 4.5%
Mexican Pesos 4.1%
Malaysian Ringgits 1.6%
Indonesian Rupiahs 1.5%
Peruvian Nuevos Soles 1.0%
Euro 0.2%
 

Average Life (years)

12.4

Average Effective Duration (years)

7.9

Average Coupon (%)

7.1
 

Portfolio Statistics:

 

Inception Date

December 1, 2003

Inception Price

$20.00

Total Assets***

$684,781,787

Net Assets

$683,567,195

Loans

0.00%

Preferred Shares

0.00%

Reverse Repos

0.00%
 

Market Price

$21.99

NAV

$22.24

(Daily NAV is available on market quotation systems using the symbol XESDX.)

 

Distribution Rate****

$0.120 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). For this purpose, if two or more of the agencies have assigned differing ratings to a security, the lowest 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.

 

****

Pursuant to its managed distribution policy, the Fund intends to make regular monthly distributions to shareholders of its common stock at a fixed rate per common share, which may be adjusted from time to time by the Fund's Board of Directors. Under the Fund's managed distribution policy, if, for any monthly distribution, the total of net investment income and net realized capital gain is less than the amount of the distribution, the difference will be distributed from the Fund's assets (and will constitute a "return of capital"). The Board of Directors may modify, terminate or suspend the managed distribution policy at any time, including when certain events would make part of any return of capital taxable to shareholders. Any such modification, termination or suspension could have an adverse effect on the market price for the Fund's shares.

Western Asset Emerging Markets Debt Fund Inc., a non-diversified closed-end investment management company traded on the New York Stock Exchange under the symbol “ESD,” 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.

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