GDO

Western Asset Global Corporate Defined Opportunity Fund
GDO
Market cap $178M

11.92 USD

-0.06

0.50%

At close Nov 12, 4:00 PM EST

1 day

-0.50%

5 days

0.59%

1 month

-3.48%

3 months

-5.25%

6 months

-2.21%

Year to date

-7.67%

1 year

3.29%

5 years

-31.81%

10 years

-33.26%

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 6,759 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

0.87% less ownership

Funds ownership: 42.63% [Q1] → 41.76% (-0.87%) [Q2]

4% less capital invested

Capital invested by funds: $79.5M [Q1] → $76.2M (-$3.24M) [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

GDO: Now A Perpetual CEF With A New Name

Western Asset Global Corporate Defined Opportunity Fund successfully transitioned from a term CEF to a perpetual one, reducing its AUM via a tender offer. Shareholders who tendered their shares will receive NAV payment by October 7, 2024, while non-tendering shareholders will remain invested in the now perpetual fund. The fund's name changes to "Western Asset Global Corporate Opportunity Fund Inc." with a slight management fee reduction, but the ticker symbol remains "GDO".

GDO: Now A Perpetual CEF With A New Name

Western Asset Global Corporate Defined Opportunity Fund Inc. Announces Final Results of Issuer Tender Offer for Common Stock and Elimination of Term

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

Western Asset Global Corporate Defined Opportunity Fund Inc. Announces Final Results of Issuer Tender Offer for Common Stock and Elimination of Term

Western Asset Global Corporate Defined Opportunity Fund Inc. Announces Financial Position as of July 31, 2024

NEW YORK--(BUSINESS WIRE)--Category: Financials.

Western Asset Global Corporate Defined Opportunity Fund Inc. Announces Financial Position as of July 31, 2024

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

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