Schedule of Investments (unaudited)
August 31, 2024
 Western Asset Global High Income Fund Inc.
(Percentages shown based on Fund net assets)  
Security
 
Rate
Maturity
Date
Face
Amount†
Value
Corporate Bonds & Notes — 104.0%
Communication Services — 12.5%
Diversified Telecommunication Services — 3.5%
Altice Financing SA, Senior Secured Notes
5.000%
1/15/28
750,000
 
 $603,322
 (a)(b)
Altice Financing SA, Senior Secured Notes
5.750%
8/15/29
1,390,000
 
1,072,336
 (a)(b)
Altice France Holding SA, Senior Secured Notes
10.500%
5/15/27
470,000
 
186,464
 (a)
Altice France Holding SA, Senior Secured Notes
6.000%
2/15/28
1,150,000
 
377,489
 (a)
Altice France SA, Senior Secured Notes
5.500%
1/15/28
210,000
 
149,701
 (a)
Altice France SA, Senior Secured Notes
5.500%
10/15/29
750,000
 
521,262
 (a)(b)
British Telecommunications PLC, Senior Notes
9.625%
12/15/30
60,000
 
75,332
 
Optics Bidco SpA, Senior Secured Notes
7.200%
7/18/36
846,000
 
892,782
 (a)
Telecom Argentina SA, Senior Notes
9.500%
7/18/31
460,000
 
464,370
 (a)
Telecom Italia Capital SA, Senior Notes
7.200%
7/18/36
284,000
 
291,907
 
Turk Telekomunikasyon AS, Senior Notes
7.375%
5/20/29
1,090,000
 
1,110,609
 (a)
Total Diversified Telecommunication Services
5,745,574
Entertainment — 0.5%
Banijay Entertainment SAS, Senior Secured Notes
8.125%
5/1/29
870,000
 
905,606
 (a)(b)
Interactive Media & Services — 0.3%
Match Group Holdings II LLC, Senior Notes
3.625%
10/1/31
500,000
 
444,308
 (a)(b)
Media — 4.7%
Charter Communications Operating LLC/Charter Communications
Operating Capital Corp., Senior Secured Notes
3.700%
4/1/51
500,000
 
317,656
 
Charter Communications Operating LLC/Charter Communications
Operating Capital Corp., Senior Secured Notes
3.850%
4/1/61
2,830,000
 
1,720,189
 (b)
Clear Channel Outdoor Holdings Inc., Senior Notes
7.750%
4/15/28
720,000
 
628,243
 (a)(b)
DirecTV Financing LLC/DirecTV Financing Co-Obligor Inc., Senior Secured
Notes
5.875%
8/15/27
750,000
 
726,955
 (a)(b)
DISH DBS Corp., Senior Notes
7.375%
7/1/28
460,000
 
237,196
 
DISH DBS Corp., Senior Notes
5.125%
6/1/29
2,320,000
 
1,058,764
 
iHeartCommunications Inc., Senior Secured Notes
6.375%
5/1/26
480,000
 
403,610
 
United Group BV, Senior Secured Notes
5.250%
2/1/30
540,000
 EUR
594,481
 (c)
Univision Communications Inc., Senior Secured Notes
6.625%
6/1/27
350,000
 
346,744
 (a)
Virgin Media Finance PLC, Senior Notes
5.000%
7/15/30
1,260,000
 
1,093,349
 (a)(b)
Virgin Media Vendor Financing Notes III DAC, Senior Secured Notes
4.875%
7/15/28
500,000
 GBP
607,549
 (a)
Total Media
7,734,736
Wireless Telecommunication Services — 3.5%
CSC Holdings LLC, Senior Notes
11.750%
1/31/29
930,000
 
821,778
 (a)(b)
CSC Holdings LLC, Senior Notes
4.500%
11/15/31
2,210,000
 
1,471,966
 (a)(b)
Millicom International Cellular SA, Senior Notes
6.625%
10/15/26
360,000
 
358,667
 (a)
Millicom International Cellular SA, Senior Notes
4.500%
4/27/31
750,000
 
669,030
 (a)
Sprint Capital Corp., Senior Notes
6.875%
11/15/28
560,000
 
606,978
 
Sprint Capital Corp., Senior Notes
8.750%
3/15/32
1,160,000
 
1,432,334
 (b)
Vmed O2 UK Financing I PLC, Senior Secured Notes
4.500%
7/15/31
450,000
 GBP
510,824
 (a)
Total Wireless Telecommunication Services
5,871,577
 
Total Communication Services
20,701,801
See Notes to Schedule of Investments.
1
Western Asset Global High Income Fund Inc. 2024 Quarterly Report
Schedule of Investments (unaudited) (cont’d)
August 31, 2024
 Western Asset Global High Income Fund Inc.
(Percentages shown based on Fund net assets)
Security
 
Rate
Maturity
Date
Face
Amount†
Value
 
Consumer Discretionary — 22.1%
Automobile Components — 2.8%
Adient Global Holdings Ltd., Senior Notes
4.875%
8/15/26
530,000
 
 $523,979
 (a)(b)
American Axle & Manufacturing Inc., Senior Notes
6.500%
4/1/27
1,450,000
 
1,458,561
 (b)
Garrett Motion Holdings Inc./Garrett LX I Sarl, Senior Notes
7.750%
5/31/32
360,000
 
372,869
 (a)
JB Poindexter & Co. Inc., Senior Notes
8.750%
12/15/31
1,230,000
 
1,299,014
 (a)(b)
ZF North America Capital Inc., Senior Notes
6.875%
4/14/28
500,000
 
516,995
 (a)
ZF North America Capital Inc., Senior Notes
7.125%
4/14/30
510,000
 
534,941
 (a)
Total Automobile Components
4,706,359
Automobiles — 2.2%
Ford Motor Co., Senior Notes
3.250%
2/12/32
1,490,000
 
1,269,681
 (b)
Ford Motor Credit Co. LLC, Senior Notes
7.350%
3/6/30
500,000
 
541,624
 (b)
General Motors Co., Senior Notes
6.125%
10/1/25
350,000
 
353,810
 (b)
Nissan Motor Co. Ltd., Senior Notes
4.810%
9/17/30
1,500,000
 
1,417,217
 (a)(b)
Total Automobiles
3,582,332
Broadline Retail — 2.4%
Amazon.com Inc., Senior Notes
2.100%
5/12/31
750,000
 
655,469
 (b)
Marks & Spencer PLC, Senior Notes
7.125%
12/1/37
1,120,000
 
1,208,381
 (a)(b)
MercadoLibre Inc., Senior Notes
3.125%
1/14/31
1,800,000
 
1,604,919
 (b)
Prosus NV, Senior Notes
4.193%
1/19/32
500,000
 
455,131
 (c)
Total Broadline Retail
3,923,900
Distributors — 0.7%
Ritchie Bros Holdings Inc., Senior Notes
7.750%
3/15/31
1,110,000
 
1,181,271
 (a)(b)
Diversified Consumer Services — 1.9%
APCOA Parking Holdings GmbH, Senior Secured Notes
4.625%
1/15/27
1,730,000
 EUR
1,871,428
 (a)
Carriage Services Inc., Senior Notes
4.250%
5/15/29
510,000
 
471,415
 (a)(b)
Service Corp. International, Senior Notes
7.500%
4/1/27
770,000
 
807,901
 
Total Diversified Consumer Services
3,150,744
Hotels, Restaurants & Leisure — 11.1%
888 Acquisitions Ltd., Senior Secured Notes
7.558%
7/15/27
1,350,000
 EUR
1,470,653
 (a)
Carnival Holdings Bermuda Ltd., Senior Notes
10.375%
5/1/28
30,000
 
32,475
 (a)(b)
Carnival PLC, Senior Notes
1.000%
10/28/29
2,760,000
 EUR
2,582,802
 
Full House Resorts Inc., Senior Secured Notes
8.250%
2/15/28
710,000
 
704,970
 (a)(b)
IRB Holding Corp., Senior Secured Notes
7.000%
6/15/25
1,160,000
 
1,161,230
 (a)(b)
Las Vegas Sands Corp., Senior Notes
3.900%
8/8/29
1,260,000
 
1,183,379
 (b)
Melco Resorts Finance Ltd., Senior Notes
5.375%
12/4/29
530,000
 
485,459
 (a)(b)
NCL Corp. Ltd., Senior Notes
5.875%
3/15/26
490,000
 
490,039
 (a)(b)
NCL Corp. Ltd., Senior Secured Notes
8.125%
1/15/29
190,000
 
203,365
 (a)
NCL Finance Ltd., Senior Notes
6.125%
3/15/28
1,830,000
 
1,852,637
 (a)(b)
Royal Caribbean Cruises Ltd., Senior Notes
5.375%
7/15/27
1,900,000
 
1,904,938
 (a)(b)
Royal Caribbean Cruises Ltd., Senior Notes
5.500%
4/1/28
1,170,000
 
1,179,767
 (a)(b)
Saga PLC, Senior Notes
5.500%
7/15/26
310,000
 GBP
386,071
 (c)
Sands China Ltd., Senior Notes
2.850%
3/8/29
680,000
 
609,794
 
Viking Ocean Cruises Ship VII Ltd., Senior Secured Notes
5.625%
2/15/29
764,000
 
758,138
 (a)(b)
VOC Escrow Ltd., Senior Secured Notes
5.000%
2/15/28
160,000
 
157,088
 (a)(b)
Wheel Bidco Ltd., Senior Secured Notes
6.750%
7/15/26
300,000
 GBP
337,846
 (a)
Wynn Macau Ltd., Senior Notes
5.625%
8/26/28
850,000
 
812,632
 (a)
See Notes to Schedule of Investments.
2
Western Asset Global High Income Fund Inc. 2024 Quarterly Report
 Western Asset Global High Income Fund Inc.
(Percentages shown based on Fund net assets)
Security
 
Rate
Maturity
Date
Face
Amount†
Value
 
Hotels, Restaurants & Leisure — continued
Wynn Macau Ltd., Senior Notes
5.125%
12/15/29
270,000
 
 $248,593
 (a)
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., Senior Notes
5.125%
10/1/29
1,330,000
 
1,302,115
 (a)(b)
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., Senior Notes
7.125%
2/15/31
470,000
 
499,121
 (a)(b)
Total Hotels, Restaurants & Leisure
18,363,112
Specialty Retail — 1.0%
FirstCash Inc., Senior Notes
4.625%
9/1/28
500,000
 
479,472
 (a)
Global Auto Holdings Ltd./AAG FH UK Ltd., Senior Notes
8.750%
1/15/32
200,000
 
191,657
 (a)
Michaels Cos. Inc., Senior Secured Notes
5.250%
5/1/28
590,000
 
463,863
 (a)(b)
Sally Holdings LLC/Sally Capital Inc., Senior Notes
6.750%
3/1/32
560,000
 
571,775
 (b)
Total Specialty Retail
1,706,767
 
Total Consumer Discretionary
36,614,485
Consumer Staples — 0.9%
Beverages — 0.7%
Central American Bottling Corp./CBC Bottling Holdco SL/Beliv Holdco SL,
Senior Notes
5.250%
4/27/29
1,250,000
 
1,204,745
 (a)
Food Products — 0.2%
FAGE International SA/FAGE USA Dairy Industry Inc., Senior Notes
5.625%
8/15/26
299,000
 
297,322
 (a)
 
Total Consumer Staples
1,502,067
Energy — 23.6%
Energy Equipment & Services — 0.3%
Noble Finance II LLC, Senior Notes
8.000%
4/15/30
500,000
 
518,851
 (a)
Oil, Gas & Consumable Fuels — 23.3%
Apache Corp., Senior Notes
5.100%
9/1/40
1,400,000
 
1,239,251
 (b)
Continental Resources Inc., Senior Notes
4.375%
1/15/28
790,000
 
775,329
 (b)
Continental Resources Inc., Senior Notes
4.900%
6/1/44
300,000
 
255,400
 (b)
Crescent Energy Finance LLC, Senior Notes
9.250%
2/15/28
400,000
 
424,393
 (a)
Crescent Energy Finance LLC, Senior Notes
7.625%
4/1/32
470,000
 
485,049
 (a)
Diamondback Energy Inc., Senior Notes
3.500%
12/1/29
730,000
 
690,208
 (b)
Ecopetrol SA, Senior Notes
5.875%
5/28/45
2,490,000
 
1,852,724
 (d)
Ecopetrol SA, Senior Notes
5.875%
11/2/51
320,000
 
231,496
 
El Paso Natural Gas Co. LLC, Senior Notes
8.375%
6/15/32
70,000
 
82,650
 
Energy Transfer LP, Junior Subordinated Notes (6.625% to 2/15/28 then 3
mo. USD LIBOR + 4.155%)
6.625%
2/15/28
680,000
 
663,889
 (b)(e)(f)
EQM Midstream Partners LP, Senior Notes
4.500%
1/15/29
1,060,000
 
1,028,169
 (a)(b)
EQM Midstream Partners LP, Senior Notes
7.500%
6/1/30
510,000
 
556,941
 (a)(b)
EQM Midstream Partners LP, Senior Notes
4.750%
1/15/31
1,540,000
 
1,480,704
 (a)(b)
EQT Corp., Senior Notes
3.900%
10/1/27
1,380,000
 
1,349,284
 (b)
Hilcorp Energy I LP/Hilcorp Finance Co., Senior Notes
8.375%
11/1/33
470,000
 
515,125
 (a)
KazMunayGas National Co. JSC, Senior Notes
3.500%
4/14/33
500,000
 
426,440
 (a)
Kinder Morgan Inc., Senior Notes
7.750%
1/15/32
1,390,000
 
1,613,072
 (b)
NGPL PipeCo LLC, Senior Notes
7.768%
12/15/37
1,430,000
 
1,690,256
 (a)(b)
Occidental Petroleum Corp., Senior Notes
5.550%
3/15/26
450,000
 
454,070
 
Occidental Petroleum Corp., Senior Notes
6.200%
3/15/40
310,000
 
324,173
 
Pan American Energy LLC, Senior Notes
8.500%
4/30/32
500,000
 
526,580
 (a)
Permian Resources Operating LLC, Senior Notes
6.250%
2/1/33
400,000
 
410,412
 (a)
Petrobras Global Finance BV, Senior Notes
6.750%
1/27/41
2,910,000
 
2,918,617
 (b)
See Notes to Schedule of Investments.
3
Western Asset Global High Income Fund Inc. 2024 Quarterly Report
Schedule of Investments (unaudited) (cont’d)
August 31, 2024
 Western Asset Global High Income Fund Inc.
(Percentages shown based on Fund net assets)
Security
 
Rate
Maturity
Date
Face
Amount†
Value
 
Oil, Gas & Consumable Fuels — continued
Petroleos del Peru SA, Senior Notes
4.750%
6/19/32
650,000
 
 $491,041
 (a)
Petroleos del Peru SA, Senior Notes
5.625%
6/19/47
500,000
 
319,341
 (a)
Petroleos Mexicanos, Senior Notes
6.500%
6/2/41
250,000
 
175,161
 
Petroleos Mexicanos, Senior Notes
6.375%
1/23/45
3,732,000
 
2,507,603
 (b)
Puma International Financing SA, Senior Notes
7.750%
4/25/29
420,000
 
430,548
 (a)
Range Resources Corp., Senior Notes
4.875%
5/15/25
770,000
 
766,370
 (b)
Range Resources Corp., Senior Notes
8.250%
1/15/29
430,000
 
445,943
 (b)
Rockies Express Pipeline LLC, Senior Notes
6.875%
4/15/40
330,000
 
320,086
 (a)(b)
Summit Midstream Holdings LLC/Summit Midstream Finance Corp.,
Secured Notes
9.500%
10/15/26
960,000
 
984,343
 (a)(b)
Targa Resources Partners LP/Targa Resources Partners Finance Corp.,
Senior Notes
6.500%
7/15/27
1,220,000
 
1,234,297
 (b)
Transcontinental Gas Pipe Line Co. LLC, Senior Notes
7.850%
2/1/26
1,500,000
 
1,551,568
 (b)
Venture Global LNG Inc., Senior Secured Notes
9.875%
2/1/32
660,000
 
733,672
 (a)(b)
Western Midstream Operating LP, Senior Notes
5.300%
3/1/48
500,000
 
452,241
 
Western Midstream Operating LP, Senior Notes
5.250%
2/1/50
6,216,000
 
5,626,425
 (d)
Williams Cos. Inc., Senior Notes
7.500%
1/15/31
340,000
 
385,134
 
Williams Cos. Inc., Senior Notes
8.750%
3/15/32
486,000
 
590,587
 
Williams Cos. Inc., Senior Notes
5.750%
6/24/44
1,510,000
 
1,524,357
 (d)
Total Oil, Gas & Consumable Fuels
38,532,949
 
Total Energy
39,051,800
Financials — 15.5%
Banks — 8.8%
Banco Mercantil del Norte SA, Junior Subordinated Notes (6.625% to
1/24/32 then 10 year Treasury Constant Maturity Rate + 5.034%)
6.625%
1/24/32
1,340,000
 
1,237,758
 (a)(b)(e)(f)
BBVA Bancomer SA, Subordinated Notes (5.125% to 1/17/28 then 5 year
Treasury Constant Maturity Rate + 2.650%)
5.125%
1/18/33
570,000
 
542,138
 (a)(f)
BNP Paribas SA, Junior Subordinated Notes (7.750% to 8/16/29 then 5
year Treasury Constant Maturity Rate + 4.899%)
7.750%
8/16/29
1,400,000
 
1,458,016
 (a)(b)(e)(f)
Credit Agricole SA, Junior Subordinated Notes (8.125% to 12/23/25 then
USD 5 year ICE Swap Rate + 6.185%)
8.125%
12/23/25
2,160,000
 
2,220,242
 (a)(b)(e)(f)
HSBC Holdings PLC, Subordinated Notes (8.113% to 11/3/32 then SOFR
+ 4.250%)
8.113%
11/3/33
950,000
 
1,109,296
 (b)(f)
Intesa Sanpaolo SpA, Subordinated Notes
5.710%
1/15/26
2,250,000
 
2,258,283
 (a)(b)
JPMorgan Chase & Co., Junior Subordinated Notes (6.100% to 10/1/24
then 3 mo. Term SOFR + 3.592%)
6.100%
10/1/24
500,000
 
500,228
 (e)(f)
Lloyds Banking Group PLC, Junior Subordinated Notes (8.000% to
3/27/30 then 5 year Treasury Constant Maturity Rate + 3.913%)
8.000%
9/27/29
2,360,000
 
2,502,487
 (d)(e)(f)
UniCredit SpA, Subordinated Notes (7.296% to 4/2/29 then USD 5 year
ICE Swap Rate + 4.914%)
7.296%
4/2/34
2,600,000
 
2,735,178
 (a)(b)(f)
Total Banks
14,563,626
Capital Markets — 1.0%
Credit Suisse AG AT1 Claim
—
—
4,900,000
 
147,000
 *(g)(h)
StoneX Group Inc., Senior Secured Notes
7.875%
3/1/31
330,000
 
347,276
 (a)
See Notes to Schedule of Investments.
4
Western Asset Global High Income Fund Inc. 2024 Quarterly Report
 Western Asset Global High Income Fund Inc.
(Percentages shown based on Fund net assets)
Security
 
Rate
Maturity
Date
Face
Amount†
Value
 
Capital Markets — continued
UBS Group AG, Junior Subordinated Notes (6.875% to 8/7/25 then USD
5 year ICE Swap Rate + 4.590%)
6.875%
8/7/25
600,000
 
 $601,289
 (c)(e)(f)
UBS Group AG, Junior Subordinated Notes (9.250% to 11/13/28 then 5
year Treasury Constant Maturity Rate + 4.745%)
9.250%
11/13/28
500,000
 
552,538
 (a)(e)(f)
Total Capital Markets
1,648,103
Consumer Finance — 0.5%
Navient Corp., Senior Notes
5.875%
10/25/24
480,000
 
479,693
 (b)
Navient Corp., Senior Notes
6.750%
6/15/26
410,000
 
417,680
 (b)
Total Consumer Finance
897,373
Financial Services — 4.6%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, Senior Notes
3.400%
10/29/33
4,000,000
 
3,488,720
 (d)
Boost Newco Borrower LLC, Senior Secured Notes
7.500%
1/15/31
210,000
 
224,109
 (a)
Boost Newco Borrower LLC/GTCR W Dutch Finance Sub BV, Senior
Secured Notes
8.500%
1/15/31
100,000
 GBP
142,308
 (a)
GE Capital International Funding Co. Unlimited Co., Senior Notes
3.373%
11/15/25
1,000,000
 
984,497
 (b)
Jane Street Group/JSG Finance Inc., Senior Secured Notes
7.125%
4/30/31
1,040,000
 
1,093,097
 (a)(b)
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer Inc., Senior Notes
3.625%
3/1/29
800,000
 
743,350
 (a)
VFH Parent LLC/Valor Co-Issuer Inc., Senior Secured Notes
7.500%
6/15/31
500,000
 
519,582
 (a)
VistaJet Malta Finance PLC/Vista Management Holding Inc., Senior
Notes
6.375%
2/1/30
530,000
 
435,112
 (a)(b)
Total Financial Services
7,630,775
Mortgage Real Estate Investment Trusts (REITs) — 0.6%
Starwood Property Trust Inc., Senior Notes
7.250%
4/1/29
970,000
 
1,010,908
 (a)(b)
 
Total Financials
25,750,785
Health Care — 4.4%
Health Care Equipment & Supplies — 0.4%
Medline Borrower LP, Senior Secured Notes
3.875%
4/1/29
700,000
 
661,761
 (a)(b)
Health Care Providers & Services — 2.4%
Centene Corp., Senior Notes
2.625%
8/1/31
500,000
 
424,548
 
CHS/Community Health Systems Inc., Senior Secured Notes
4.750%
2/15/31
250,000
 
213,499
 (a)(b)
CHS/Community Health Systems Inc., Senior Secured Notes
10.875%
1/15/32
1,130,000
 
1,224,661
 (a)(b)
Legacy LifePoint Health LLC, Senior Secured Notes
4.375%
2/15/27
580,000
 
566,400
 (a)(b)
Sotera Health Holdings LLC, Senior Secured Notes
7.375%
6/1/31
630,000
 
659,665
 (a)
Tenet Healthcare Corp., Secured Notes
6.250%
2/1/27
860,000
 
862,420
 (b)
Total Health Care Providers & Services
3,951,193
Pharmaceuticals — 1.6%
Bausch Health Cos. Inc., Senior Secured Notes
4.875%
6/1/28
840,000
 
628,459
 (a)(b)
Cidron Aida Finco Sarl, Senior Secured Notes
5.000%
4/1/28
672,000
 EUR
707,712
 (a)
Endo Finance Holdings Inc., Senior Secured Notes
8.500%
4/15/31
640,000
 
680,339
 (a)
Par Pharmaceutical Inc., Escrow
—
—
310,000
 
0
 *(a)(g)(h)(i)
Teva Pharmaceutical Finance Netherlands III BV, Senior Notes
3.150%
10/1/26
700,000
 
670,866
 (b)
Total Pharmaceuticals
2,687,376
 
Total Health Care
7,300,330
See Notes to Schedule of Investments.
5
Western Asset Global High Income Fund Inc. 2024 Quarterly Report
Schedule of Investments (unaudited) (cont’d)
August 31, 2024
 Western Asset Global High Income Fund Inc.
(Percentages shown based on Fund net assets)
Security
 
Rate
Maturity
Date
Face
Amount†
Value
 
Industrials — 11.8%
Aerospace & Defense — 1.0%
Bombardier Inc., Senior Notes
7.500%
2/1/29
620,000
 
 $653,578
 (a)(b)
TransDigm Inc., Senior Secured Notes
7.125%
12/1/31
940,000
 
993,833
 (a)(b)
Total Aerospace & Defense
1,647,411
Building Products — 0.7%
Masterbrand Inc., Senior Notes
7.000%
7/15/32
210,000
 
216,469
 (a)
Standard Industries Inc., Senior Notes
5.000%
2/15/27
360,000
 
356,028
 (a)(b)
Standard Industries Inc., Senior Notes
4.375%
7/15/30
640,000
 
599,021
 (a)(b)
Total Building Products
1,171,518
Commercial Services & Supplies — 2.0%
CoreCivic Inc., Senior Notes
4.750%
10/15/27
50,000
 
47,742
 
CoreCivic Inc., Senior Notes
8.250%
4/15/29
1,590,000
 
1,678,590
 (b)
GEO Group Inc., Senior Notes
10.250%
4/15/31
600,000
 
634,465
 (b)
GEO Group Inc., Senior Secured Notes
8.625%
4/15/29
440,000
 
456,836
 
GFL Environmental Inc., Senior Secured Notes
6.750%
1/15/31
440,000
 
460,164
 (a)
Total Commercial Services & Supplies
3,277,797
Construction & Engineering — 0.2%
Arcosa Inc., Senior Notes
6.875%
8/15/32
260,000
 
271,195
 (a)
Industrial Conglomerates — 0.2%
Alfa SAB de CV, Senior Notes
6.875%
3/25/44
400,000
 
430,347
 (a)(b)
Machinery — 0.5%
Titan International Inc., Senior Secured Notes
7.000%
4/30/28
810,000
 
792,756
 (b)
Passenger Airlines — 6.1%
American Airlines Group Inc., Senior Notes
3.750%
3/1/25
1,280,000
 
1,265,730
 (a)(b)
American Airlines Inc., Senior Secured Notes
8.500%
5/15/29
1,040,000
 
1,081,897
 (a)(b)
Delta Air Lines Inc., Senior Notes
2.900%
10/28/24
840,000
 
836,203
 (b)
Delta Air Lines Inc., Senior Notes
7.375%
1/15/26
690,000
 
706,811
 (b)
Delta Air Lines Inc., Senior Secured Notes
7.000%
5/1/25
5,050,000
 
5,084,721
 (a)(b)(d)
JetBlue Airways Corp./JetBlue Loyalty LP, Senior Secured Notes
9.875%
9/20/31
120,000
 
118,680
 (a)
Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd., Senior Secured Notes
8.000%
9/20/25
1,368,693
 
855,690
 (a)
Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd., Senior Secured Notes
8.000%
9/20/25
230,000
 
143,793
 (a)
Total Passenger Airlines
10,093,525
Trading Companies & Distributors — 1.1%
H&E Equipment Services Inc., Senior Notes
3.875%
12/15/28
1,130,000
 
1,047,839
 (a)(b)
United Rentals North America Inc., Senior Notes
5.500%
5/15/27
750,000
 
752,930
 (b)
Total Trading Companies & Distributors
1,800,769
 
Total Industrials
19,485,318
Information Technology — 2.9%
Communications Equipment — 0.7%
CommScope LLC, Senior Secured Notes
4.750%
9/1/29
380,000
 
306,850
 (a)
Viasat Inc., Senior Notes
7.500%
5/30/31
660,000
 
505,642
 (a)(b)
Viasat Inc., Senior Secured Notes
5.625%
4/15/27
400,000
 
379,995
 (a)
Total Communications Equipment
1,192,487
Electronic Equipment, Instruments & Components — 0.2%
EquipmentShare.com Inc., Secured Notes
8.625%
5/15/32
280,000
 
293,146
 (a)
See Notes to Schedule of Investments.
6
Western Asset Global High Income Fund Inc. 2024 Quarterly Report
 Western Asset Global High Income Fund Inc.
(Percentages shown based on Fund net assets)
Security
 
Rate
Maturity
Date
Face
Amount†
Value
 
IT Services — 0.5%
Amentum Escrow Corp., Senior Notes
7.250%
8/1/32
390,000
 
 $408,107
 (a)
Shift4 Payments LLC/Shift4 Payments Finance Sub Inc., Senior Notes
6.750%
8/15/32
370,000
 
381,962
 (a)
Total IT Services
790,069
Software — 0.3%
Cloud Software Group Inc., Senior Secured Notes
8.250%
6/30/32
590,000
 
618,118
 (a)(b)
Technology Hardware, Storage & Peripherals — 1.2%
Seagate HDD Cayman, Senior Notes
4.750%
1/1/25
1,330,000
 
1,325,904
 (b)
Seagate HDD Cayman, Senior Notes
4.875%
6/1/27
630,000
 
627,683
 (b)
Total Technology Hardware, Storage & Peripherals
1,953,587
 
Total Information Technology
4,847,407
Materials — 6.2%
Chemicals — 1.5%
Braskem Netherlands Finance BV, Senior Notes
5.875%
1/31/50
750,000
 
577,349
 (c)
Orbia Advance Corp. SAB de CV, Senior Notes
5.875%
9/17/44
1,000,000
 
922,468
 (a)(b)
Sasol Financing USA LLC, Senior Notes
8.750%
5/3/29
930,000
 
971,922
 (a)
Total Chemicals
2,471,739
Construction Materials — 0.5%
Smyrna Ready Mix Concrete LLC, Senior Secured Notes
8.875%
11/15/31
730,000
 
784,395
 (a)
Containers & Packaging — 1.3%
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging
Finance PLC, Senior Notes
4.000%
9/1/29
770,000
 
665,565
 (a)
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc., Senior Notes
5.250%
8/15/27
840,000
 
506,210
 (a)
Pactiv LLC, Senior Notes
8.375%
4/15/27
1,020,000
 
1,083,075
 (b)
Total Containers & Packaging
2,254,850
Metals & Mining — 2.9%
Anglo American Capital PLC, Senior Notes
4.875%
5/14/25
359,000
 
357,696
 (a)
ArcelorMittal SA, Senior Notes
7.000%
10/15/39
1,140,000
 
1,267,165
 (d)
First Quantum Minerals Ltd., Secured Notes
9.375%
3/1/29
630,000
 
671,110
 (a)(b)
Freeport Indonesia PT, Senior Notes
5.315%
4/14/32
500,000
 
501,656
 (a)
Southern Copper Corp., Senior Notes
5.250%
11/8/42
1,620,000
 
1,564,770
 (d)
Teck Resources Ltd., Senior Notes
6.000%
8/15/40
460,000
 
468,336
 
Total Metals & Mining
4,830,733
 
Total Materials
10,341,717
Real Estate — 1.2%
Health Care REITs — 0.1%
Diversified Healthcare Trust, Senior Notes
4.375%
3/1/31
140,000
 
107,316
 
Hotel & Resort REITs — 0.5%
Service Properties Trust, Senior Notes
8.875%
6/15/32
900,000
 
848,471
 (b)
Real Estate Management & Development — 0.1%
Add Hero Holdings Ltd., Senior Secured Notes (7.500% Cash or 8.500%
PIK)
8.500%
9/30/29
100,223
 
7,016
 (c)(j)
Add Hero Holdings Ltd., Senior Secured Notes (8.000% Cash or 9.000%
PIK)
9.000%
9/30/30
77,280
 
1,835
 (c)(j)
Add Hero Holdings Ltd., Senior Secured Notes (8.800% Cash or 9.800%
PIK)
9.800%
9/30/31
100,848
 
1,765
 (c)(j)
See Notes to Schedule of Investments.
7
Western Asset Global High Income Fund Inc. 2024 Quarterly Report
Schedule of Investments (unaudited) (cont’d)
August 31, 2024
 Western Asset Global High Income Fund Inc.
(Percentages shown based on Fund net assets)
Security
 
Rate
Maturity
Date
Face
Amount†
Value
 
Real Estate Management & Development — continued
China Aoyuan Group Ltd., Senior Notes, Step bond (0.000% to 9/30/31
then 1.000%)
0.000%
3/30/2173
152,810
 
 $1,528
 (c)
China Aoyuan Group Ltd., Senior Secured Notes (5.500% PIK)
5.500%
9/30/31
39,251
 
442
 (c)(j)
Country Garden Holdings Co. Ltd., Senior Secured Notes
—
1/27/24
400,000
 
31,732
 *(c)(k)
Cushman & Wakefield US Borrower LLC, Senior Secured Notes
8.875%
9/1/31
180,000
 
195,085
 (a)
Total Real Estate Management & Development
239,403
Specialized REITs — 0.5%
Iron Mountain Inc., Senior Notes
7.000%
2/15/29
710,000
 
737,940
 (a)(b)
 
Total Real Estate
1,933,130
Utilities — 2.9%
Electric Utilities — 1.2%
Comision Federal de Electricidad, Senior Notes
3.348%
2/9/31
600,000
 
516,224
 (a)
Eskom Holdings SOC Ltd., Senior Notes
4.314%
7/23/27
980,000
 
938,032
 (c)
Vistra Operations Co. LLC, Senior Notes
7.750%
10/15/31
550,000
 
585,615
 (a)(b)
Total Electric Utilities
2,039,871
Gas Utilities — 1.4%
Suburban Propane Partners LP/Suburban Energy Finance Corp., Senior
Notes
5.875%
3/1/27
2,340,000
 
2,340,367
 (b)
Independent Power and Renewable Electricity Producers — 0.3%
Lightning Power LLC, Senior Secured Notes
7.250%
8/15/32
390,000
 
403,288
 (a)
 
Total Utilities
4,783,526
Total Corporate Bonds & Notes (Cost — $158,700,657)
172,312,366
Sovereign Bonds — 26.5%
Angola — 0.7%
Angolan Government International Bond, Senior Notes
8.000%
11/26/29
1,200,000
 
1,103,878
 (a)
Argentina — 0.7%
Provincia de Buenos Aires, Senior Notes, Step bond (6.375% to 9/1/24
then 6.625%)
6.375%
9/1/37
157,688
 
71,354
 (a)
Provincia de Cordoba, Senior Notes
6.875%
2/1/29
1,370,000
 
1,085,725
 (a)
Total Argentina
1,157,079
Bahamas — 0.5%
Bahamas Government International Bond, Senior Notes
6.000%
11/21/28
500,000
 
463,744
 (a)
Bahamas Government International Bond, Senior Notes
9.000%
6/16/29
425,000
 
432,990
 (a)
Total Bahamas
896,734
Brazil — 1.0%
Brazil Letras do Tesouro Nacional, Bills
0.000%
1/1/26
373,000
 BRL
57,019
 
Brazil Notas do Tesouro Nacional Serie F, Notes
10.000%
1/1/25
6,500,000
 BRL
1,148,805
 
Brazilian Government International Bond, Senior Notes
5.625%
1/7/41
500,000
 
462,597
 
Total Brazil
1,668,421
Colombia — 1.5%
Colombia Government International Bond, Senior Notes
3.250%
4/22/32
1,000,000
 
797,936
 (b)
Colombia Government International Bond, Senior Notes
7.375%
9/18/37
1,042,000
 
1,053,247
 (b)
Colombia Government International Bond, Senior Notes
4.125%
2/22/42
830,000
 
568,974
 
Total Colombia
2,420,157
Costa Rica — 0.3%
Costa Rica Government International Bond, Senior Notes
7.158%
3/12/45
500,000
 
535,221
 (a)
See Notes to Schedule of Investments.
8
Western Asset Global High Income Fund Inc. 2024 Quarterly Report
 Western Asset Global High Income Fund Inc.
(Percentages shown based on Fund net assets)
Security
 
Rate
Maturity
Date
Face
Amount†
Value
 
Dominican Republic — 2.2%
Dominican Republic International Bond, Senior Notes
9.750%
6/5/26
37,500,000
 DOP
 $631,579
 (c)
Dominican Republic International Bond, Senior Notes
4.500%
1/30/30
620,000
 
587,852
 (a)
Dominican Republic International Bond, Senior Notes
4.875%
9/23/32
1,910,000
 
1,800,533
 (a)
Dominican Republic International Bond, Senior Notes
13.625%
2/3/33
31,500,000
 DOP
632,737
 (c)
Total Dominican Republic
3,652,701
Ecuador — 0.1%
Ecuador Government International Bond, Senior Notes, Step bond
(5.000% to 7/31/26 then 5.500%)
5.000%
7/31/40
480,000
 
243,840
 (a)
Egypt — 0.9%
Egypt Government International Bond, Senior Notes
7.625%
5/29/32
1,780,000
 
1,530,862
 (c)
Indonesia — 1.6%
Indonesia Government International Bond, Senior Notes
6.625%
2/17/37
945,000
 
1,088,083
 (c)
Indonesia Treasury Bond
6.875%
4/15/29
24,200,000,000
 IDR
1,588,838
 
Indonesia Treasury Bond
8.375%
3/15/34
209,000,000
 IDR
15,163
 
Total Indonesia
2,692,084
Ivory Coast — 0.8%
Ivory Coast Government International Bond, Senior Notes
6.125%
6/15/33
1,500,000
 
1,374,995
 (a)
Jamaica — 0.4%
Jamaica Government International Bond, Senior Notes
8.000%
3/15/39
500,000
 
605,265
 
Jordan — 0.6%
Jordan Government International Bond, Senior Notes
5.850%
7/7/30
960,000
 
907,800
 (a)
Kenya — 0.3%
Republic of Kenya Government International Bond, Senior Notes
8.000%
5/22/32
600,000
 
534,444
 (a)
Mexico — 4.0%
Mexican Bonos, Bonds
7.750%
5/29/31
80,740,000
 MXN
3,710,184
 
Mexico Government International Bond, Senior Notes
2.659%
5/24/31
2,020,000
 
1,719,229
 
Mexico Government International Bond, Senior Notes
3.500%
2/12/34
1,500,000
 
1,265,503
 (b)
Total Mexico
6,694,916
Nigeria — 1.2%
Nigeria Government International Bond, Senior Notes
7.143%
2/23/30
920,000
 
834,831
 (a)
Nigeria Government International Bond, Senior Notes
7.696%
2/23/38
1,450,000
 
1,168,664
 (c)
Total Nigeria
2,003,495
Oman — 1.0%
Oman Government International Bond, Senior Notes
5.625%
1/17/28
1,600,000
 
1,634,208
 (a)
Panama — 0.9%
Panama Government International Bond, Senior Notes
2.252%
9/29/32
1,890,000
 
1,423,466
 
Peru — 1.2%
Peruvian Government International Bond, Senior Notes
8.750%
11/21/33
1,604,000
 
2,005,389
 (b)
Philippines — 0.5%
Philippine Government International Bond, Senior Notes
3.200%
7/6/46
1,000,000
 
745,768
 
Qatar — 0.9%
Qatar Government International Bond, Senior Notes
3.750%
4/16/30
1,500,000
 
1,475,063
 (a)
Saudi Arabia — 1.5%
Saudi Government International Bond, Senior Notes
4.000%
4/17/25
1,500,000
 
1,492,787
 (a)
Saudi Government International Bond, Senior Notes
3.250%
10/26/26
1,000,000
 
976,949
 (a)
Total Saudi Arabia
2,469,736
See Notes to Schedule of Investments.
9
Western Asset Global High Income Fund Inc. 2024 Quarterly Report
Schedule of Investments (unaudited) (cont’d)
August 31, 2024
 Western Asset Global High Income Fund Inc.
(Percentages shown based on Fund net assets)
Security
 
Rate
Maturity
Date
Face
Amount†
Value
 
Senegal — 0.2%
Senegal Government International Bond, Senior Notes
6.250%
5/23/33
450,000
 
 $391,712
 (a)
South Africa — 0.3%
Republic of South Africa Government International Bond, Senior Notes
6.250%
3/8/41
500,000
 
458,797
 
Supranational — 0.5%
European Bank for Reconstruction & Development, Senior Notes
4.250%
2/7/28
13,000,000,000
 IDR
791,297
 
Turkey — 1.4%
Turkiye Government International Bond, Senior Notes
5.125%
2/17/28
2,000,000
 
1,955,625
 
Turkiye Government International Bond, Senior Notes
4.875%
4/16/43
500,000
 
367,109
 
Total Turkey
2,322,734
Ukraine — 0.4%
Ukraine Government International Bond
0.000%
2/1/30
50,520
 
21,597
 
Ukraine Government International Bond
0.000%
2/1/34
188,784
 
58,995
 
Ukraine Government International Bond
1.750%
2/1/34
184,969
 
81,849
 
Ukraine Government International Bond
0.000%
2/1/35
159,535
 
64,612
 
Ukraine Government International Bond
1.750%
2/1/35
323,695
 
140,807
 
Ukraine Government International Bond
0.000%
2/1/36
132,946
 
53,312
 
Ukraine Government International Bond
1.750%
2/1/36
416,179
 
178,957
 
Total Ukraine
600,129
United Arab Emirates — 0.4%
Abu Dhabi Government International Bond, Senior Notes
3.125%
10/11/27
750,000
 
729,729
 (a)
Uruguay — 0.5%
Uruguay Government International Bond, Senior Notes
9.750%
7/20/33
32,500,000
 UYU
809,330
 
 
Total Sovereign Bonds (Cost — $41,202,604)
43,879,250
Senior Loans — 11.6%
Communication Services — 0.7%
Media — 0.7%
iHeartCommunications Inc., New Term Loan (1 mo. Term SOFR + 3.114%)
8.361%
5/1/26
720,000
 
602,615
 (f)(l)(m)
Ziggo Financing Partnership, Term Loan I (1 mo. Term SOFR + 2.614%)
7.951%
4/30/28
500,000
 
493,855
 (f)(l)(m)
 
Total Communication Services
1,096,470
Consumer Discretionary — 2.6%
Automobile Components — 0.8%
Autokiniton US Holdings Inc., 2024 Replacement Term Loan B (1 mo.
Term SOFR + 4.114%)
9.361%
4/6/28
746,250
 
749,399
 (f)(l)(m)
First Brands Group LLC, 2022 Incremental Term Loan (3 mo. Term SOFR +
5.262%)
10.514%
3/30/27
497,662
 
492,685
 (f)(l)(m)
Total Automobile Components
1,242,084
Diversified Consumer Services — 0.1%
WW International Inc., Initial Term Loan (1 mo. Term SOFR + 3.614%)
8.861%
4/13/28
324,000
 
92,476
 (f)(l)(m)
Hotels, Restaurants & Leisure — 1.7%
Caesars Entertainment Inc., Incremental Term Loan B1 (1 mo. Term SOFR
+ 2.750%)
7.997%
2/6/31
1,396,500
 
1,399,600
 (f)(l)(m)
See Notes to Schedule of Investments.
10
Western Asset Global High Income Fund Inc. 2024 Quarterly Report
 Western Asset Global High Income Fund Inc.
(Percentages shown based on Fund net assets)
Security
 
Rate
Maturity
Date
Face
Amount†
Value
 
Hotels, Restaurants & Leisure — continued
Fertitta Entertainment LLC, Initial Term Loan B (1 mo. Term SOFR +
3.750%)
9.087%
1/27/29
994,911
 
 $994,653
 (f)(l)(m)
Light and Wonder International Inc., Term Loan B2 (1 mo. Term SOFR +
2.250%)
7.592%
4/14/29
498,750
 
499,967
 (f)(l)(m)
Total Hotels, Restaurants & Leisure
2,894,220
 
Total Consumer Discretionary
4,228,780
Consumer Staples — 0.8%
Beverages — 0.5%
Triton Water Holdings Inc., First Lien Initial Term Loan (3 mo. Term SOFR
+ 3.512%)
8.846%
3/31/28
795,898
 
796,801
 (f)(l)(m)
Consumer Staples Distribution & Retail — 0.3%
Froneri U.S. Inc., Term Loan Facility B2
7.597%
1/29/27
497,409
 
498,797
 (f)(l)(m)
 
Total Consumer Staples
1,295,598
Energy — 0.3%
Oil, Gas & Consumable Fuels — 0.3%
Buckeye Partners LP, Term Loan B2 (1 mo. Term SOFR + 2.000%)
7.247%
11/22/30
498,750
 
499,555
 (f)(l)(m)
 
Financials — 1.7%
Banks — 0.2%
Mercury Borrower Inc., First Lien Initial Term Loan (1 mo. Term SOFR +
3.614%)
8.861%
8/2/28
397,907
 
399,564
 (f)(l)(m)
Consumer Finance — 0.1%
Blackhawk Network Holdings Inc., Term Loan B (1 mo. Term SOFR +
5.000%)
10.247%
3/12/29
240,000
 
242,063
 (f)(l)(m)
Financial Services — 0.9%
Boost Newco Borrower LLC, Term Loan B1 (2 mo. Term SOFR + 2.500%)
7.748%
1/31/31
1,050,000
 
1,054,215
 (f)(l)(m)
Nexus Buyer LLC, Refinancing Term Loan (1 mo. Term SOFR + 4.000%)
9.247%
7/31/31
399,000
 
396,299
 (f)(l)(m)
Total Financial Services
1,450,514
Insurance — 0.5%
Asurion LLC, New Term Loan B10 (1 mo. Term SOFR + 4.100%)
9.347%
8/19/28
746,202
 
740,405
 (f)(l)(m)
 
Total Financials
2,832,546
Health Care — 0.9%
Health Care Equipment & Supplies — 0.9%
Medline Borrower LP, Term Loan B (1 mo. Term SOFR + 2.750%)
7.997%
10/23/28
1,496,250
 
1,501,659
 (f)(l)(m)
 
Industrials — 2.4%
Aerospace & Defense — 0.3%
Transdigm Inc., Term Loan J (3 mo. Term SOFR + 2.500%)
7.843%
2/28/31
498,750
 
499,875
 (f)(l)(m)
Building Products — 0.1%
ACProducts Holdings Inc., Initial Term Loan (3 mo. Term SOFR + 4.512%)
9.846%
5/17/28
198,974
 
151,035
 (f)(l)(m)
Commercial Services & Supplies — 0.2%
Garda World Security Corp., Tenth Additional Term Loan (1 mo. Term
SOFR + 3.500%)
8.832%
2/1/29
397,970
 
399,014
 (f)(l)(m)
Construction & Engineering — 0.3%
Tutor Perini Corp., Term Loan (1 mo. Term SOFR + 4.750%)
10.111%
8/18/27
496,152
 
496,152
 (f)(h)(l)(m)
Machinery — 0.6%
TK Elevator Midco GmbH, USD Term Loan Facility B2 (6 mo. Term SOFR +
3.500%)
8.588%
4/30/30
995,006
 
999,618
 (f)(l)(m)
See Notes to Schedule of Investments.
11
Western Asset Global High Income Fund Inc. 2024 Quarterly Report
Schedule of Investments (unaudited) (cont’d)
August 31, 2024
 Western Asset Global High Income Fund Inc.
(Percentages shown based on Fund net assets)
Security
 
Rate
Maturity
Date
Face
Amount†
Value
 
Passenger Airlines — 0.9%
United Airlines Inc., Term Loan B (3 mo. Term SOFR + 2.750%)
8.033%
2/22/31
1,446,375
 
 $1,453,151
 (f)(l)(m)
 
Total Industrials
3,998,845
Information Technology — 1.4%
Electronic Equipment, Instruments & Components — 0.4%
Coherent Corp., Term Loan B1 (1 mo. Term SOFR + 2.500%)
7.747%
7/2/29
585,731
 
588,660
 (f)(l)(m)
IT Services — 0.1%
Redstone Holdco 2 LP, First Lien Initial Term Loan (3 mo. Term SOFR +
5.012%)
10.264%
4/27/28
290,000
 
230,550
 (f)(l)(m)
Semiconductors & Semiconductor Equipment — 0.3%
MKS Instruments Inc., 2024 Dollar Term Loan B (1 mo. Term SOFR +
2.250%)
7.559%
8/17/29
510,360
 
512,465
 (f)(l)(m)
Software — 0.6%
DCert Buyer Inc., First Lien Initial Term Loan (1 mo. Term SOFR + 4.000%)
9.247%
10/16/26
696,364
 
684,233
 (f)(l)(m)
Modena Buyer LLC, Initial Term Loan (3 mo. Term SOFR + 4.500%)
9.832%
7/1/31
330,000
 
317,556
 (f)(l)(m)
Total Software
1,001,789
 
Total Information Technology
2,333,464
Utilities — 0.2%
Electric Utilities — 0.2%
Vistra Operations Co. LLC, 2018 Incremental Term Loan (1 mo. Term SOFR
+ 2.000%)
7.247%
12/20/30
398,000
 
399,554
 (f)(l)(m)
 
Sovereign Bonds — 0.6%
Tanzania — 0.6%
Government of the United Republic of Tanzania, Term Loan A2 (3 mo.
Term SOFR + 5.450%)
10.764%
4/29/31
1,000,000
 
987,500
 (f)(g)(h)(l)(m)
 
Total Senior Loans (Cost — $19,418,038)
19,173,971
Collateralized Mortgage Obligations(n) — 4.4%
BANK, 2022-BNK43 D
3.000%
8/15/55
510,000
 
366,771
 (a)
BX Commercial Mortgage Trust, 2024-KING E (1 mo. Term SOFR +
3.688%)
9.025%
5/15/34
410,000
 
409,178
 (a)(f)
Citigroup Commercial Mortgage Trust, 2015-GC29 D
3.110%
4/10/48
320,000
 
290,071
 (a)
Citigroup Commercial Mortgage Trust, 2015-P1 D
3.225%
9/15/48
540,000
 
484,423
 (a)
Citigroup Commercial Mortgage Trust, 2015-P1 E
4.514%
9/15/48
450,000
 
354,124
 (a)(f)
CSAIL Commercial Mortgage Trust, 2015-C3 C
4.493%
8/15/48
519,000
 
428,561
 (f)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, Structured Agency
Credit Risk Debt Notes, 2020-DNA1 B2 (30 Day Average SOFR + 5.364%)
10.713%
1/25/50
750,000
 
829,874
 (a)(f)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, Structured Agency
Credit Risk Debt Notes, 2021-DNA3 B2 (30 Day Average SOFR + 6.250%)
11.599%
10/25/33
570,000
 
676,575
 (a)(f)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, Structured Agency
Credit Risk Debt Notes, 2021-DNA7 B2 (30 Day Average SOFR + 7.800%)
13.149%
11/25/41
550,000
 
595,927
 (a)(f)
Federal National Mortgage Association (FNMA) — CAS, 2024-R01 1B2
(30 Day Average SOFR + 4.000%)
9.349%
1/25/44
800,000
 
827,166
 (a)(f)
GS Mortgage Securities Corp. Trust, 2024-70P E
9.263%
3/10/41
430,000
 
442,195
 (a)(f)
Hawaii Hotel Trust, 2019-MAUI F (1 mo. Term SOFR + 3.047%)
8.384%
5/15/38
500,000
 
494,877
 (a)(f)
Morgan Stanley Capital Trust, 2015-UBS8 C
4.710%
12/15/48
510,000
 
453,551
 (f)
See Notes to Schedule of Investments.
12
Western Asset Global High Income Fund Inc. 2024 Quarterly Report
 Western Asset Global High Income Fund Inc.
(Percentages shown based on Fund net assets)
Security
 
Rate
Maturity
Date
Face
Amount†
Value
Collateralized Mortgage Obligations(n) — continued
Morgan Stanley Capital Trust, 2016-BNK2 B
3.485%
11/15/49
530,000
 
 $436,495
 
UBS Commercial Mortgage Trust, 2018-C15 C
5.311%
12/15/51
345,000
 
316,551
 (f)
 
Total Collateralized Mortgage Obligations (Cost — $7,085,959)
7,406,339
U.S. Government & Agency Obligations — 1.5%
U.S. Government Obligations — 1.5%
U.S. Treasury Notes (Cost — $2,471,436)
4.125%
1/31/25
2,480,000
2,472,062
 
Convertible Bonds & Notes — 1.1%
Communication Services — 1.1%
Media — 1.1%
DISH Network Corp., Senior Notes
3.375%
8/15/26
2,900,000
 
1,827,257
 
 
Real Estate — 0.0%††
Real Estate Management & Development — 0.0%††
China Aoyuan Group Ltd., Senior Notes
0.000%
9/30/28
13,656
 
335
 (c)
 
Total Convertible Bonds & Notes (Cost — $2,108,695)
1,827,592
Asset-Backed Securities — 0.3%
Ballyrock CLO Ltd., 2020-14A DR (3 mo. Term SOFR + 5.850%)
(Cost — $500,000)
11.149%
7/20/37
500,000
 
486,116
 (a)(f)
 
 
 
 
Shares
 
Common Stocks — 0.0%††
Health Care — 0.0%††
Pharmaceuticals — 0.0%††
Endo Inc.
1,858
50,166
 *
 
Real Estate — 0.0%††
Real Estate Management & Development — 0.0%††
China Aoyuan Group Ltd.
38,203
715
 *(g)
 
Total Common Stocks (Cost — $46,908)
50,881
 
 
 
 
Expiration
Date
Warrants
 
Warrants — 0.0%††
Industrials — 0.0%††
Passenger Airlines — 0.0%††
flyExclusive Inc. (Cost — $12,086)
5/28/28
12,623
 
2,756
 *
Total Investments before Short-Term Investments (Cost — $231,546,383)
247,611,333
 
 
Rate
Maturity
Date
Face
Amount†
 
Short-Term Investments — 2.6%
U.S. Treasury Bills — 2.4%
U.S. Treasury Bills
0.000%
9/3/24
3,750,000
3,750,000
 (o)
U.S. Treasury Bills
4.874%
10/1/24
130,000
129,477
 (o)
 
Total U.S. Treasury Bills (Cost — $3,878,353)
3,879,477
See Notes to Schedule of Investments.
13
Western Asset Global High Income Fund Inc. 2024 Quarterly Report
Schedule of Investments (unaudited) (cont’d)
August 31, 2024
 Western Asset Global High Income Fund Inc.
(Percentages shown based on Fund net assets)
Security
 
Rate
 
Shares
Value
Money Market Funds — 0.2%
Western Asset Premier Institutional Government Reserves, Premium
Shares (Cost — $352,627)  
5.235%
352,627
 
 $352,627
 (p)(q)
 
Total Short-Term Investments (Cost — $4,230,980)
4,232,104
Total Investments — 152.0% (Cost — $235,777,363)
251,843,437
Liabilities in Excess of Other Assets — (52.0)%
(86,121,499
)
Total Net Assets — 100.0%
$165,721,938
 
†
Face amount denominated in U.S. dollars, unless otherwise noted.
††
Represents less than 0.1%.
*
Non-income producing security.
(a)
Security is exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold in transactions that are exempt from
registration, normally to qualified institutional buyers. This security has been deemed liquid pursuant to guidelines approved by the Board of Directors.
(b)
All or a portion of this security is pledged as collateral pursuant to the loan agreement.
(c)
Security is exempt from registration under Regulation S of the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of
the United States and do not involve direct selling efforts in the United States. This security has been deemed liquid pursuant to guidelines approved by the
Board of Directors.
(d)
All or a portion of this security is held by the counterparty as collateral for open reverse repurchase agreements.
(e)
Security has no maturity date. The date shown represents the next call date.
(f)
Variable rate security. Interest rate disclosed is as of the most recent information available. Certain variable rate securities are not based on a published
reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a
reference rate and spread in their description above.
(g)
Security is fair valued in accordance with procedures approved by the Board of Directors (Note 1).
(h)
Security is valued using significant unobservable inputs (Note 1).
(i)
Value is less than $1.
(j)
Payment-in-kind security for which the issuer has the option at each interest payment date of making interest payments in cash or additional securities.
(k)
The maturity principal is currently in default as of August 31, 2024.
(l)
Interest rates disclosed represent the effective rates on senior loans. Ranges in interest rates are attributable to multiple contracts under the same loan.
(m)
Senior loans may be considered restricted in that the Fund ordinarily is contractually obligated to receive approval from the agent bank and/or borrower
prior to the disposition of a senior loan.
(n)
Collateralized mortgage obligations are secured by an underlying pool of mortgages or mortgage pass-through certificates that are structured to direct
payments on underlying collateral to different series or classes of the obligations. The interest rate may change positively or inversely in relation to one or
more interest rates, financial indices or other financial indicators and may be subject to an upper and/or lower limit.
(o)
Rate shown represents yield-to-maturity.
(p)
Rate shown is one-day yield as of the end of the reporting period.
(q)
In this instance, as defined in the Investment Company Act of 1940, an “Affiliated Company” represents Fund ownership of at least 5% of the outstanding
voting securities of an issuer, or a company which is under common ownership or control with the Fund. At August 31, 2024, the total market value of
investments in Affiliated Companies was $352,627 and the cost was $352,627 (Note 2).
 
See Notes to Schedule of Investments.
14
Western Asset Global High Income Fund Inc. 2024 Quarterly Report
 Western Asset Global High Income Fund Inc.
Abbreviation(s) used in this schedule:
BRL
—
Brazilian Real
CAS
—
Connecticut Avenue Securities
CLO
—
Collateralized Loan Obligation
DOP
—
Dominican Peso
EUR
—
Euro
GBP
—
British Pound
ICE
—
Intercontinental Exchange
IDR
—
Indonesian Rupiah
JSC
—
Joint Stock Company
LIBOR
—
London Interbank Offered Rate
MXN
—
Mexican Peso
PIK
—
Payment-In-Kind
REMIC
—
Real Estate Mortgage Investment Conduit
SOFR
—
Secured Overnight Financing Rate
USD
—
United States Dollar
UYU
—
Uruguayan Peso
At August 31, 2024, the Fund had the following open reverse repurchase agreements: 
Counterparty
Rate
Effective
Date
Maturity
Date
Face Amount
of Reverse
Repurchase
Agreements
Asset Class
of Collateral*
Collateral
Value**
Deutsche Bank AG
5.500%
8/23/2024
11/14/2024
 $5,231,425
Corporate Bonds & Notes
 $5,653,620
Deutsche Bank AG
5.670%
8/14/2024
11/14/2024
2,104,684
Corporate Bonds & Notes
2,536,052
Deutsche Bank AG
5.720%
6/18/2024
9/18/2024
4,371,947
Corporate Bonds & Notes
4,822,903
Goldman Sachs Group Inc.
5.500%
8/23/2024
9/24/2024
4,449,604
Corporate Bonds & Notes
4,682,653
Goldman Sachs Group Inc.
5.850%
10/20/2023
TBD ***
1,132,651
Corporate Bonds & Notes
1,591,466
Goldman Sachs Group Inc.
6.000%
12/14/2023
TBD ***
793,087
Corporate Bonds & Notes
1,137,726
 
$18,083,398
$20,424,420
 
*
Refer to the Schedule of Investments for positions held at the counterparty as collateral for reverse repurchase agreements.
**
Including accrued interest.
***
TBD — To Be Determined; These reverse repurchase agreements have no maturity dates because they are renewed daily and can be terminated by either
the Fund or the counterparty in accordance with the terms of the agreements. The rates for these agreements are variable. The rate disclosed is the rate as
of August 31, 2024.
At August 31, 2024, the Fund had the following open forward foreign currency contracts: 
Currency
Purchased
Currency
Sold
Counterparty
Settlement
Date
Unrealized
Appreciation
(Depreciation)
EUR
91,024
USD
99,478
Bank of America N.A.
10/18/24
 $1,368
USD
4,845,354
EUR
4,454,228
Bank of America N.A.
10/18/24
(89,504)
GBP
472,305
USD
603,052
Citibank N.A.
10/18/24
17,460
USD
1,390,800
GBP
1,083,299
Goldman Sachs Group Inc.
10/18/24
(32,432)
MXN
34,536,151
USD
1,826,942
JPMorgan Chase & Co.
10/18/24
(86,411)
USD
1,890,621
MXN
34,536,151
JPMorgan Chase & Co.
10/18/24
150,089
Net unrealized depreciation on open forward foreign currency contracts
$(39,430)
 
Abbreviation(s) used in this table:
EUR
—
Euro
GBP
—
British Pound
MXN
—
Mexican Peso
USD
—
United States Dollar
This Schedule of Investments is unaudited and is intended to provide information about the Fund’s investments as of the date of the schedule. Other information regarding the Fund is available in the Fund’s most recent annual or semi-annual shareholder report.
See Notes to Schedule of Investments.
15
Western Asset Global High Income Fund Inc. 2024 Quarterly Report
Notes to Schedule of Investments (unaudited)
1. Organization and significant accounting policies
Western Asset Global High Income Fund Inc. (the “Fund”) was incorporated in Maryland and is registered as a non-diversified, closed-end management investment company under the Investment Company Act of 1940, as amended (the “1940 Act”). The Board of Directors authorized 100 million shares of $0.001 par value common stock. The Fund’s primary investment objective is high current income. The Fund’s secondary investment objective is total return.
Under normal market conditions, the Fund invests in a global portfolio of securities consisting of below investment grade fixed income securities, emerging market fixed income securities and investment grade fixed income securities.
The Fund follows the accounting and reporting guidance in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 946, Financial Services – Investment Companies (“ASC 946”). The following are significant accounting policies consistently followed by the Fund and are in conformity with U.S. generally accepted accounting principles (“GAAP”), including, but not limited to, ASC 946.
(a) Investment valuation. The valuations for fixed income securities (which may include, but are not limited to, corporate, government, municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services typically use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. Investments in open-end funds are valued at the closing net asset value per share of each fund on the day of valuation. Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. When the Fund holds securities or other assets that are denominated in a foreign currency, the Fund will normally use the currency exchange rates as of 4:00 p.m. (Eastern Time). If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the manager to be unreliable, the market price may be determined by the manager using quotations from one or more broker/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, the Fund values these securities as determined in accordance with procedures approved by the Fund’s Board of Directors.  
Pursuant to policies adopted by the Board of Directors, the Fund’s manager has been designated as the valuation designee and is responsible for the oversight of the daily valuation process. The Fund’s manager is assisted by the Global Fund Valuation Committee (the “Valuation Committee”). The Valuation Committee is responsible for making fair value determinations, evaluating the effectiveness of the Fund’s pricing policies, and reporting to the Fund’s manager and the Board of Directors. When determining the reliability of third party pricing information for investments owned by the Fund, the Valuation Committee, among other things, conducts due diligence reviews of pricing vendors, monitors the daily change in prices and reviews transactions among market participants.
The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.
For each portfolio security that has been fair valued pursuant to the policies adopted by the Board of Directors, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such back testing monthly and fair valuation occurrences are reported to the Board of Directors quarterly.
The Fund uses valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other
16
Western Asset Global High Income Fund Inc. 2024 Quarterly Report
relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.
GAAP establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:
•
Level 1 — unadjusted quoted prices in active markets for identical investments
•
Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)
The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
The following is a summary of the inputs used in valuing the Fund’s assets and liabilities carried at fair value:
 
ASSETS
Description
Quoted Prices
(Level 1)
Other Significant
Observable Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
Long-Term Investments†:
Corporate Bonds & Notes:
Financials
—
 $25,603,785
 $147,000
 $25,750,785
Health Care
—
7,300,330
0
*
7,300,330
Other Corporate Bonds & Notes
—
139,261,251
—
139,261,251
Sovereign Bonds
—
43,879,250
—
43,879,250
Senior Loans:
Industrials
—
3,502,693
496,152
3,998,845
Sovereign Bonds
—
—
987,500
987,500
Other Senior Loans
—
14,187,626
—
14,187,626
Collateralized Mortgage Obligations
—
7,406,339
—
7,406,339
U.S. Government & Agency Obligations
—
2,472,062
—
2,472,062
Convertible Bonds & Notes
—
1,827,592
—
1,827,592
Asset-Backed Securities
—
486,116
—
486,116
Common Stocks:
Health Care
 $50,166
—
—
50,166
Real Estate
—
715
—
715
Warrants
—
2,756
—
2,756
Total Long-Term Investments
50,166
245,930,515
1,630,652
247,611,333
Short-Term Investments†:
U.S. Treasury Bills
—
3,879,477
—
3,879,477
Money Market Funds
352,627
—
—
352,627
Total Short-Term Investments
352,627
3,879,477
—
4,232,104
Total Investments
$402,793
$249,809,992
$1,630,652
$251,843,437
Other Financial Instruments:
Forward Foreign Currency Contracts††
—
 $168,917
—
 $168,917
Total
$402,793
$249,978,909
$1,630,652
$252,012,354
17
Western Asset Global High Income Fund Inc. 2024 Quarterly Report
Notes to Schedule of Investments (unaudited) (cont’d)
LIABILITIES
Description
Quoted Prices
(Level 1)
Other Significant
Observable Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
Other Financial Instruments:
Forward Foreign Currency Contracts††
—
 $208,347
—
 $208,347
 
†
See Schedule of Investments for additional detailed categorizations.
*
Amount represents less than $1.
††
Reflects the unrealized appreciation (depreciation) of the instruments.
2. Transactions with affiliated company
As defined by the 1940 Act, an affiliated company is one in which the Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Fund. The following company was considered an affiliated company for all or some portion of the period ended August 31, 2024. The following transactions were effected in such company for the period ended August 31, 2024.
 
 
Affiliate
Value at

May 31,
2024
Purchased
Sold
Cost
Shares
Proceeds
Shares
Western Asset Premier
Institutional Government
Reserves, Premium
Shares
 $30,670
 $15,495,570
15,495,570
 $15,173,613
15,173,613

 
(cont’d)
Realized
Gain (Loss)
Dividend
Income
Net Increase
(Decrease) in
Unrealized
Appreciation
(Depreciation)
Affiliate
Value at
August 31,
2024
Western Asset Premier
Institutional Government
Reserves, Premium Shares
—
 $15,898
—
 $352,627
18
Western Asset Global High Income Fund Inc. 2024 Quarterly Report
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