Overview
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Description
Western Asset Global Corporate Opportunity Fund is a non-diversified, limited-term closed-end management investment company focused on providing investors with current income as its primary objective and capital appreciation as a secondary goal. The fund invests in a diversified portfolio of corporate fixed income securities issued by entities across the U.S., developed international markets, and emerging markets. While it seeks to maintain an overall investment grade credit quality, it has discretion to allocate up to 35% of its assets to securities rated below investment grade, offering broader exposure to the global credit spectrum. The fund employs a rigorous team management and credit research process to identify attractively priced securities worldwide. It is managed by Franklin Templeton Fund Adviser, LLC (formerly Legg Mason Partners Fund Advisor, LLC) and subadvised by Western Asset Management entities, both recognized for their expertise in global fixed income management. The fund distributes dividends on a monthly basis and has maintained a robust distribution rate, evidencing its strategic focus on steady income generation for investors.
About
Address
One Madison Avenue
17th Floor
New York, 10010, NY
United States
17th Floor
New York, 10010, NY
United States
Phone
800-822-5544
Website
Instrument type
Closed-end fund
Country
United States
MIC code
XNYS