Western Asset Global Partners Income Fund Inc. as of September 30, 2009

NEW YORK--()--Western Asset Global Partners Income Fund Inc. (NYSE: GDF) announces its portfolio composition as of September 30, 2009.

Investment Objective: The Fund seeks to maintain a high level of current income. As a secondary objective, the Fund seeks capital appreciation.

Portfolio Composition*:

 
 

Asset Allocation

High Yield

51.2%

Emerging Markets

45.6%

Investment Grade 24.2%

US Dollar

22.2%

Local Currency

2.0%

Non-Investment Grade 21.4%

US Dollar

20.2%

Local Currency

1.1%

Investment Grade

2.8%

Cash & Other Securities

0.4%

 

Credit Quality Allocation (Higher of S&P/Moody’s/Fitch)

AAA 0.1%
AA 0.7%
A 3.0%
BBB 23.3%
BB 33.4%
B 23.6%
CCC 13.4%
CC 0.8%
C 0.4%
D 1.3%
 

Top Ten High Yield Industries

Consumer Cyclical 9.7%
Communications 8.1%
Consumer Non Cyclical 6.5%
Energy 5.9%
Electric 4.7%
Basic Industry 4.6%
Capital Goods 3.7%
Transportation 1.8%
Natural Gas 1.5%
Bank Loans 1.4%
 

Top Ten Emerging Market Countries

Brazil 9.2%
Russia 7.8%
Mexico 5.5%
Turkey 4.6%
Venezuela 4.2%
Colombia 2.2%
Argentina 2.1%
Panama 1.5%
Thailand 1.5%
Indonesia 1.4%
 

Currency Allocation

US Dollars 96.8%
Brazilian Reals 2.0%
Indonesian Rupiahs 1.2%
 

Average Life (years)

8.24

Effective Duration (years)

4.97

Average Credit Quality (S&P)

B+

Average Coupon (%)

8.56
 

Portfolio Statistics:

 

Inception Date

October 29, 1993

Inception Price

$15.00

Total Assets

$217,320,983

Net Assets**

$164,302,802

Loans***

15.18%

Preferred Shares***

0.00%

Reverse Repos***

9.21%
 

Market Price

$11.55

NAV

$10.72

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

 

Distribution Rate

$0.0950 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.
 
** The difference between total assets and net assets, if any, is due primarily to the Fund’s use of borrowings and other assets and liabilities; 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.
 
*** Percentages based on total assets.

Western Asset Global Partners Income Fund Inc., a non-diversified closed-end investment management company traded on the New York Stock Exchange under the symbol “GDF,” 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.

An investment in the Fund involves risk, including loss of principal. Investment return and the value of shares will fluctuate. Fixed income securities are subject to credit risk, inflation risk, call risk, and interest rate risks. As interest rates rise, bond prices fall, reducing the value of the Fund's share price. International investing involves additional risks. These risks are greater in emerging markets.

For more information, please call Fund Investor Services at 888-777-0102, or consult the Fund’s web site at www.leggmason.com/cef.

FN0911788

Contacts

Western Asset Global Partners Income Fund Inc.
Fund Investor Services, 888-777-0102

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