GDO

Western Asset Global Corporate Defined Opportunity Fund
GDO

$12.97

0.27%

Market Cap: $194M

About: Western Asset Global Corp Defined Opp is a closed-end management investment company with a primary investment objective to provide current income. Its secondary objective is to seek capital appreciation. The Fund invests in the United States and foreign corporate fixed-income securities of varying maturities.

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

78% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 9

0.02% more ownership

Funds ownership: 39.3% [Q1] → 39.32% (+0.02%) [Q2]

2% less capital invested

Capital invested by funds: $73.3M [Q1] → $71.8M (-$1.49M) [Q2]

2% less funds holding

Funds holding: 48 [Q1] → 47 (-1) [Q2]

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

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Research analyst outlook

We haven’t received any recent analyst ratings for GDO.

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Financial journalist opinion

CEF Weekly Review: PCF Tries To Get Shareholders To Care

We review CEF market valuation and performance through the second week of August and highlight recent market action. CEFs were mixed, with MLP funds recovering while REIT funds struggled. The CEF, High Income Securities Fund, is implementing a novel strategy to get its initiatives approved by shareholders.

CEF Weekly Review: PCF Tries To Get Shareholders To Care

Western Asset Global Corporate Defined Opportunity Fund Inc. Announces Tender Offer Details

NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.

Western Asset Global Corporate Defined Opportunity Fund Inc. Announces Tender Offer Details

CEF Weekly Review: Western Asset Is Doing A Nuveen

We review CEF market valuation and performance through the last week of June and highlight recent market action. CEFs were mostly up on the week with MLP and Hybrid sectors leading the way. Western Asset Global Corporate Defined Opportunity Fund holding a tender offer for all shares at NAV, following Nuveen's approach.

CEF Weekly Review: Western Asset Is Doing A Nuveen

Western Asset Global Corporate Defined Opportunity Fund Inc. Announces Results of Special Meeting of Stockholders and Other Fund Developments

NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.

Western Asset Global Corporate Defined Opportunity Fund Inc. Announces Results of Special Meeting of Stockholders and Other Fund Developments

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE: GDO) Announces Portfolio Management Team Update

NEW YORK--(BUSINESS WIRE)--Effective June 3, 2024, the named portfolio management team responsible for the day-to-day oversight of the Fund is as follows: Michael Buchanan Christopher Kilpatrick Annabel Rudebeck Also as of June 3, 2024, Chia-Liang (CL) Lian is no longer a portfolio manager of the Fund. Data and commentary provided in this press release are for informational purposes only. Franklin Resources and its affiliates do not engage in selling shares of the Fund. For more information abo.

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE: GDO) Announces Portfolio Management Team Update

GDO: Nice Yield, But There Are Better Global Fixed-Income Funds Available

The Western Asset Global Corporate Defined Opportunity Fund offers income-focused investors a high level of income from fixed-income securities. The fund has a current yield of 9.94%, which compares well to its peers. The fund's recent performance has been poor, and it has underperformed its peers significantly over the past three years.

GDO: Nice Yield, But There Are Better Global Fixed-Income Funds Available

Western Asset Global Corporate Defined Opportunity Fund Inc. Announces Results of Annual Meeting of Stockholders

NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.

Western Asset Global Corporate Defined Opportunity Fund Inc. Announces Results of Annual Meeting of Stockholders

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE: GDO) Announces Portfolio Management Team Update

NEW YORK--(BUSINESS WIRE)--Effective March 1, 2024, the named portfolio management team responsible for the day-to-day oversight of the Fund is as follows:

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE: GDO) Announces Portfolio Management Team Update

CEF Weekly Review: Activists Are Coming After Muni CEFs

We review CEF market valuation and performance through the fourth week of February and highlight recent market action. CEFs had a solid week, with most sectors seeing an increase in NAV. Municipal CEF sectors continue to have wide discounts, attracting the attention of CEF activists.

CEF Weekly Review: Activists Are Coming After Muni CEFs

GDO: A CEF Aiming To Turn Perpetual

Asset managers are proposing corporate actions to convert term closed-end funds to perpetual ones to maintain a stream of income. Western Asset Global Corporate Defined Opportunity Fund is seeking shareholder approval to become a perpetual CEF through a tender offer at NAV.

GDO: A CEF Aiming To Turn Perpetual

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