WESTERN ASSET EMERGING MARKETS DEBT FUND INC.
|
|
|
Schedule of investments (unaudited) |
|
September 30, 2023 |
|
|
(Percentages shown based on Fund net assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SECURITY |
|
RATE |
|
|
MATURITY DATE |
|
|
FACE AMOUNT |
|
|
VALUE |
|
SOVEREIGN BONDS - 82.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Angola - 2.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Angolan Government International Bond, Senior Notes |
|
|
8.250 |
% |
|
|
5/9/28 |
|
|
|
9,650,000 |
|
|
$ |
8,379,462 |
(a) |
Angolan Government International Bond, Senior Notes |
|
|
8.750 |
% |
|
|
4/14/32 |
|
|
|
1,000,000 |
|
|
|
806,484 |
(b) |
Angolan Government International Bond, Senior Notes |
|
|
9.125 |
% |
|
|
11/26/49 |
|
|
|
3,000,000 |
|
|
|
2,156,754 |
(a) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Angola |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,342,700 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Argentina - 4.5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Argentine Republic Government International Bond, Senior Notes, Step bond (3.625% to 7/9/24 then 4.125%) |
|
|
3.625 |
% |
|
|
7/9/35 |
|
|
|
25,300,000 |
|
|
|
6,303,634 |
|
Ciudad Autonoma De Buenos Aires, Senior Notes |
|
|
7.500 |
% |
|
|
6/1/27 |
|
|
|
5,500,000 |
|
|
|
5,059,487 |
(b) |
Provincia de Buenos Aires, Senior Notes, Step bond (6.375% to 9/1/24 then 6.625%) |
|
|
6.375 |
% |
|
|
9/1/37 |
|
|
|
20,601,128 |
|
|
|
6,780,755 |
(b) |
Provincia de Cordoba, Senior Notes |
|
|
6.990 |
% |
|
|
6/1/27 |
|
|
|
9,949,022 |
|
|
|
7,490,339 |
(b)(c) |
Provincia de Cordoba, Senior Notes |
|
|
6.990 |
% |
|
|
6/1/27 |
|
|
|
550,000 |
|
|
|
415,250 |
(a)(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Argentina |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26,049,465 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Armenia - 0.9% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Republic of Armenia International Bond, Senior Notes |
|
|
3.600 |
% |
|
|
2/2/31 |
|
|
|
7,000,000 |
|
|
|
5,292,000 |
(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bahamas - 1.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bahamas Government International Bond, Senior Notes |
|
|
9.000 |
% |
|
|
6/16/29 |
|
|
|
8,000,000 |
|
|
|
7,204,000 |
(b) |
Bahamas Government International Bond, Senior Notes |
|
|
6.950 |
% |
|
|
11/20/29 |
|
|
|
3,000,000 |
|
|
|
2,466,143 |
(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Bahamas |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,670,143 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bahrain - 4.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bahrain Government International Bond, Senior Notes |
|
|
7.000 |
% |
|
|
10/12/28 |
|
|
|
2,000,000 |
|
|
|
2,032,520 |
(a) |
Bahrain Government International Bond, Senior Notes |
|
|
5.625 |
% |
|
|
9/30/31 |
|
|
|
10,000,000 |
|
|
|
9,006,500 |
(a) |
Bahrain Government International Bond, Senior Notes |
|
|
6.000 |
% |
|
|
9/19/44 |
|
|
|
6,000,000 |
|
|
|
4,642,500 |
(b) |
See Notes to
Schedule of Investments.
|
|
|
|
|
|
|
Western Asset Emerging Markets Debt Fund Inc. 2023 Quarterly Report |
|
1 |
WESTERN ASSET EMERGING MARKETS DEBT FUND INC.
|
|
|
Schedule of investments (unaudited) (contd) |
|
September 30, 2023 |
|
|
(Percentages shown based on Fund net assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SECURITY |
|
RATE |
|
|
MATURITY DATE |
|
|
FACE AMOUNT |
|
|
VALUE |
|
Bahrain - (continued) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bahrain Government International Bond, Senior Notes |
|
|
7.500 |
% |
|
|
9/20/47 |
|
|
|
7,400,000 |
|
|
$ |
6,584,520 |
(b) |
Bahrain Government International Bond, Senior Notes |
|
|
6.250 |
% |
|
|
1/25/51 |
|
|
|
1,000,000 |
|
|
|
767,854 |
(a) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Bahrain |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
23,033,894 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Brazil - 0.9% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Brazil Letras do Tesouro Nacional |
|
|
0.000 |
% |
|
|
1/1/24 |
|
|
|
9,500,000 |
BRL |
|
|
1,837,367 |
|
Brazil Notas do Tesouro Nacional Serie F, Notes |
|
|
10.000 |
% |
|
|
1/1/33 |
|
|
|
18,200,000 |
BRL |
|
|
3,300,023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Brazil |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,137,390 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Chile - 0.2% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bonos de la Tesoreria de la Republica en pesos, Bonds |
|
|
5.800 |
% |
|
|
6/1/24 |
|
|
|
1,280,000,000 |
CLP |
|
|
1,424,292 |
(a) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Colombia - 1.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Colombia Government International Bond, Senior Notes |
|
|
3.250 |
% |
|
|
4/22/32 |
|
|
|
5,000,000 |
|
|
|
3,604,465 |
(c) |
Colombia Government International Bond, Senior Notes |
|
|
4.125 |
% |
|
|
2/22/42 |
|
|
|
10,000,000 |
|
|
|
6,081,727 |
(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Colombia |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,686,192 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Costa Rica - 1.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Banco Nacional de Costa Rica |
|
|
6.250 |
% |
|
|
11/1/23 |
|
|
|
1,220,000 |
|
|
|
1,218,432 |
(b)(c) |
Costa Rica Government International Bond, Senior Notes |
|
|
6.125 |
% |
|
|
2/19/31 |
|
|
|
1,050,000 |
|
|
|
1,016,659 |
(a) |
Costa Rica Government International Bond, Senior Notes |
|
|
7.158 |
% |
|
|
3/12/45 |
|
|
|
4,200,000 |
|
|
|
4,064,798 |
(b)(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Costa Rica |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,299,889 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dominican Republic - 4.9% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dominican Republic International Bond, Senior Notes |
|
|
9.750 |
% |
|
|
6/5/26 |
|
|
|
136,500,000 |
DOP |
|
|
2,428,667 |
(a) |
Dominican Republic International Bond, Senior Notes |
|
|
6.000 |
% |
|
|
7/19/28 |
|
|
|
7,300,000 |
|
|
|
6,959,885 |
(b)(c) |
Dominican Republic International Bond, Senior Notes |
|
|
4.875 |
% |
|
|
9/23/32 |
|
|
|
3,800,000 |
|
|
|
3,098,838 |
(a)(c) |
Dominican Republic International Bond, Senior Notes |
|
|
13.625 |
% |
|
|
2/3/33 |
|
|
|
158,950,000 |
DOP |
|
|
3,303,514 |
(a) |
Dominican Republic International Bond, Senior Notes |
|
|
11.250 |
% |
|
|
9/15/35 |
|
|
|
170,000,000 |
DOP |
|
|
3,094,987 |
(b) |
See Notes to
Schedule of Investments.
|
|
|
|
|
2 |
|
Western Asset Emerging Markets Debt Fund Inc. 2023 Quarterly Report |
|
|
WESTERN ASSET EMERGING MARKETS DEBT FUND INC.
|
|
|
Schedule of investments (unaudited) (contd) |
|
September 30, 2023 |
|
|
(Percentages shown based on Fund net assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SECURITY |
|
RATE |
|
|
MATURITY DATE |
|
|
FACE AMOUNT |
|
|
VALUE |
|
Dominican Republic - (continued) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dominican Republic International Bond, Senior Notes |
|
|
5.300 |
% |
|
|
1/21/41 |
|
|
|
8,000,000 |
|
|
$ |
5,893,107 |
(a)(c) |
Dominican Republic International Bond, Senior Notes |
|
|
5.875 |
% |
|
|
1/30/60 |
|
|
|
4,400,000 |
|
|
|
3,166,369 |
(a)(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Dominican Republic |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
27,945,367 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ecuador - 1.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ecuador Government International Bond, Senior Notes |
|
|
0.000 |
% |
|
|
7/31/30 |
|
|
|
1,010,708 |
|
|
|
304,161 |
(b) |
Ecuador Government International Bond, Senior Notes, Step Bond (3.500% to 7/31/24 then 5.500%) |
|
|
3.500 |
% |
|
|
7/31/35 |
|
|
|
2,920,000 |
|
|
|
1,094,683 |
(a) |
Ecuador Government International Bond, Senior Notes, Step bond (2.500% to 7/31/24 then 5.000%) |
|
|
2.500 |
% |
|
|
7/31/40 |
|
|
|
12,680,000 |
|
|
|
4,194,766 |
(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Ecuador |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,593,610 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Egypt - 2.5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Egypt Government International Bond, Senior Notes |
|
|
3.875 |
% |
|
|
2/16/26 |
|
|
|
2,400,000 |
|
|
|
1,711,421 |
(a) |
Egypt Government International Bond, Senior Notes |
|
|
5.800 |
% |
|
|
9/30/27 |
|
|
|
640,000 |
|
|
|
422,979 |
(a) |
Egypt Government International Bond, Senior Notes |
|
|
6.588 |
% |
|
|
2/21/28 |
|
|
|
2,000,000 |
|
|
|
1,306,380 |
(a) |
Egypt Government International Bond, Senior Notes |
|
|
5.875 |
% |
|
|
2/16/31 |
|
|
|
5,000,000 |
|
|
|
2,769,890 |
(a) |
Egypt Government International Bond, Senior Notes |
|
|
7.625 |
% |
|
|
5/29/32 |
|
|
|
1,600,000 |
|
|
|
926,275 |
(b) |
Egypt Government International Bond, Senior Notes |
|
|
7.903 |
% |
|
|
2/21/48 |
|
|
|
14,000,000 |
|
|
|
7,213,500 |
(a) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Egypt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,350,445 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
El Salvador - 0.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
El Salvador Government International Bond, Senior Notes |
|
|
5.875 |
% |
|
|
1/30/25 |
|
|
|
4,000,000 |
|
|
|
3,646,399 |
(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ethiopia - 0.4% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ethiopia International Bond, Senior Notes |
|
|
6.625 |
% |
|
|
12/11/24 |
|
|
|
3,500,000 |
|
|
|
2,274,755 |
(a) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gabon - 0.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gabon Government International Bond, Senior Notes |
|
|
6.625 |
% |
|
|
2/6/31 |
|
|
|
2,000,000 |
|
|
|
1,492,500 |
(a) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See Notes to
Schedule of Investments.
|
|
|
|
|
|
|
Western Asset Emerging Markets Debt Fund Inc. 2023 Quarterly Report |
|
3 |
WESTERN ASSET EMERGING MARKETS DEBT FUND INC.
|
|
|
Schedule of investments (unaudited) (contd) |
|
September 30, 2023 |
|
|
(Percentages shown based on Fund net assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SECURITY |
|
RATE |
|
|
MATURITY DATE |
|
|
FACE AMOUNT |
|
|
VALUE |
|
Ghana - 1.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ghana Government International Bond, Senior Notes |
|
|
7.625 |
% |
|
|
5/16/29 |
|
|
|
5,700,000 |
|
|
$ |
2,540,900 |
*(a)(d) |
Ghana Government International Bond, Senior Notes |
|
|
10.750 |
% |
|
|
10/14/30 |
|
|
|
7,600,000 |
|
|
|
5,126,124 |
(b)(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Ghana |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,667,024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Guatemala - 1.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Guatemala Government Bond, Senior Notes |
|
|
5.375 |
% |
|
|
4/24/32 |
|
|
|
6,800,000 |
|
|
|
6,234,410 |
(b)(c) |
Guatemala Government Bond, Senior Notes |
|
|
6.600 |
% |
|
|
6/13/36 |
|
|
|
3,000,000 |
|
|
|
2,883,510 |
(b)(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Guatemala |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,117,920 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hungary - 1.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hungary Government Bond |
|
|
1.000 |
% |
|
|
11/26/25 |
|
|
|
1,449,570,000 |
HUF |
|
|
3,408,307 |
|
Hungary Government International Bond, Senior Notes |
|
|
5.750 |
% |
|
|
11/22/23 |
|
|
|
2,098,000 |
|
|
|
2,098,441 |
|
Magyar Export-Import Bank Zrt |
|
|
6.125 |
% |
|
|
12/4/27 |
|
|
|
1,900,000 |
|
|
|
1,872,499 |
(b)(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Hungary |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,379,247 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Indonesia - 5.8% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Indonesia Government International Bond, Senior Notes |
|
|
6.625 |
% |
|
|
2/17/37 |
|
|
|
3,210,000 |
|
|
|
3,403,954 |
(a)(c) |
Indonesia Government International Bond, Senior Notes |
|
|
5.250 |
% |
|
|
1/17/42 |
|
|
|
14,000,000 |
|
|
|
13,129,414 |
(b)(c) |
Indonesia Treasury Bond |
|
|
8.375 |
% |
|
|
9/15/26 |
|
|
|
131,422,000,000 |
IDR |
|
|
8,960,336 |
|
Indonesia Treasury Bond |
|
|
8.375 |
% |
|
|
3/15/34 |
|
|
|
106,475,000,000 |
IDR |
|
|
7,686,868 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Indonesia |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
33,180,572 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ivory Coast - 1.9% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ivory Coast Government International Bond, Senior Notes |
|
|
5.375 |
% |
|
|
7/23/24 |
|
|
|
1,350,000 |
|
|
|
1,323,317 |
(b)(c) |
Ivory Coast Government International Bond, Senior Notes |
|
|
5.250 |
% |
|
|
3/22/30 |
|
|
|
4,800,000 |
EUR |
|
|
4,260,549 |
(a) |
Ivory Coast Government International Bond, Senior Notes |
|
|
6.125 |
% |
|
|
6/15/33 |
|
|
|
2,500,000 |
|
|
|
2,080,875 |
(a) |
Ivory Coast Government International Bond, Senior Notes |
|
|
6.125 |
% |
|
|
6/15/33 |
|
|
|
3,540,000 |
|
|
|
2,946,519 |
(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Ivory Coast |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,611,260 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See Notes to
Schedule of Investments.
|
|
|
|
|
4 |
|
Western Asset Emerging Markets Debt Fund Inc. 2023 Quarterly Report |
|
|
WESTERN ASSET EMERGING MARKETS DEBT FUND INC.
|
|
|
Schedule of investments (unaudited) (contd) |
|
September 30, 2023 |
|
|
(Percentages shown based on Fund net assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SECURITY |
|
RATE |
|
|
MATURITY DATE |
|
|
FACE AMOUNT |
|
|
VALUE |
|
Jamaica - 0.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Jamaica Government International Bond, Senior Notes |
|
|
8.000 |
% |
|
|
3/15/39 |
|
|
|
1,760,000 |
|
|
$ |
2,014,785 |
|
Jamaica Government International Bond, Senior Notes |
|
|
7.875 |
% |
|
|
7/28/45 |
|
|
|
2,000,000 |
|
|
|
2,209,974 |
(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Jamaica |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,224,759 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Jordan - 2.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Jordan Government International Bond, Senior Notes |
|
|
6.125 |
% |
|
|
1/29/26 |
|
|
|
440,000 |
|
|
|
431,786 |
(b) |
Jordan Government International Bond, Senior Notes |
|
|
7.750 |
% |
|
|
1/15/28 |
|
|
|
3,120,000 |
|
|
|
3,118,050 |
(b) |
Jordan Government International Bond, Senior Notes |
|
|
7.750 |
% |
|
|
1/15/28 |
|
|
|
1,600,000 |
|
|
|
1,599,000 |
(a) |
Jordan Government International Bond, Senior Notes |
|
|
5.850 |
% |
|
|
7/7/30 |
|
|
|
6,350,000 |
|
|
|
5,656,154 |
(a) |
Jordan Government International Bond, Senior Notes |
|
|
7.375 |
% |
|
|
10/10/47 |
|
|
|
5,020,000 |
|
|
|
4,156,535 |
(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Jordan |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,961,525 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Kazakhstan - 1.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tengizchevroil Finance Co. International Ltd., Senior Secured Notes |
|
|
4.000 |
% |
|
|
8/15/26 |
|
|
|
6,800,000 |
|
|
|
6,132,274 |
(a) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Kenya - 1.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Republic of Kenya Government International Bond, Senior Notes |
|
|
6.875 |
% |
|
|
6/24/24 |
|
|
|
2,000,000 |
|
|
|
1,854,780 |
(a) |
Republic of Kenya Government International Bond, Senior Notes |
|
|
7.250 |
% |
|
|
2/28/28 |
|
|
|
4,400,000 |
|
|
|
3,552,208 |
(a) |
Republic of Kenya Government International Bond, Senior Notes |
|
|
8.000 |
% |
|
|
5/22/32 |
|
|
|
4,400,000 |
|
|
|
3,431,868 |
(a) |
Republic of Kenya Government International Bond, Senior Notes |
|
|
6.300 |
% |
|
|
1/23/34 |
|
|
|
200,000 |
|
|
|
133,585 |
(a) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Kenya |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,972,441 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mexico - 3.5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mexican Bonos, Bonds |
|
|
8.000 |
% |
|
|
9/5/24 |
|
|
|
115,300,000 |
MXN |
|
|
6,422,433 |
|
Mexican Bonos, Bonds |
|
|
5.000 |
% |
|
|
3/6/25 |
|
|
|
258,260,000 |
MXN |
|
|
13,726,791 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Mexico |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20,149,224 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nigeria - 2.5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nigeria Government International Bond, Senior Notes |
|
|
6.125 |
% |
|
|
9/28/28 |
|
|
|
6,700,000 |
|
|
|
5,351,625 |
(a) |
Nigeria Government International Bond, Senior Notes |
|
|
8.375 |
% |
|
|
3/24/29 |
|
|
|
1,500,000 |
|
|
|
1,288,155 |
(a) |
See Notes to
Schedule of Investments.
|
|
|
|
|
|
|
Western Asset Emerging Markets Debt Fund Inc. 2023 Quarterly Report |
|
5 |
WESTERN ASSET EMERGING MARKETS DEBT FUND INC.
|
|
|
Schedule of investments (unaudited) (contd) |
|
September 30, 2023 |
|
|
(Percentages shown based on Fund net assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SECURITY |
|
RATE |
|
|
MATURITY DATE |
|
|
FACE AMOUNT |
|
|
VALUE |
|
Nigeria - (continued) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nigeria Government International Bond, Senior Notes |
|
|
7.875 |
% |
|
|
2/16/32 |
|
|
|
2,600,000 |
|
|
$ |
2,053,818 |
(a) |
Nigeria Government International Bond, Senior Notes |
|
|
7.696 |
% |
|
|
2/23/38 |
|
|
|
7,800,000 |
|
|
|
5,481,450 |
(a) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Nigeria |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,175,048 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oman - 5.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oman Government International Bond, Senior Notes |
|
|
4.750 |
% |
|
|
6/15/26 |
|
|
|
3,200,000 |
|
|
|
3,107,600 |
(a) |
Oman Government International Bond, Senior Notes |
|
|
4.750 |
% |
|
|
6/15/26 |
|
|
|
5,270,000 |
|
|
|
5,117,829 |
(b) |
Oman Government International Bond, Senior Notes |
|
|
5.625 |
% |
|
|
1/17/28 |
|
|
|
9,000,000 |
|
|
|
8,784,315 |
(b) |
Oman Government International Bond, Senior Notes |
|
|
6.000 |
% |
|
|
8/1/29 |
|
|
|
6,000,000 |
|
|
|
5,894,868 |
(b) |
Oman Government International Bond, Senior Notes |
|
|
6.750 |
% |
|
|
1/17/48 |
|
|
|
6,500,000 |
|
|
|
5,993,949 |
(a) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Oman |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
28,898,561 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Panama - 1.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Panama Government International Bond, Senior Notes |
|
|
9.375 |
% |
|
|
4/1/29 |
|
|
|
910,000 |
|
|
|
1,043,668 |
(c) |
Panama Government International Bond, Senior Notes |
|
|
6.700 |
% |
|
|
1/26/36 |
|
|
|
159,000 |
|
|
|
157,634 |
|
Panama Government International Bond, Senior Notes |
|
|
4.500 |
% |
|
|
5/15/47 |
|
|
|
5,000,000 |
|
|
|
3,521,429 |
|
Panama Government International Bond, Senior Notes |
|
|
4.500 |
% |
|
|
1/19/63 |
|
|
|
4,200,000 |
|
|
|
2,727,863 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Panama |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,450,594 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Paraguay - 1.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Paraguay Government International Bond, Senior Notes |
|
|
5.000 |
% |
|
|
4/15/26 |
|
|
|
2,110,000 |
|
|
|
2,063,474 |
(b)(c) |
Paraguay Government International Bond, Senior Notes |
|
|
4.950 |
% |
|
|
4/28/31 |
|
|
|
3,950,000 |
|
|
|
3,664,983 |
(b)(c) |
Paraguay Government International Bond, Senior Notes |
|
|
5.400 |
% |
|
|
3/30/50 |
|
|
|
1,910,000 |
|
|
|
1,512,000 |
(b)(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Paraguay |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,240,457 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See Notes to
Schedule of Investments.
|
|
|
|
|
6 |
|
Western Asset Emerging Markets Debt Fund Inc. 2023 Quarterly Report |
|
|
WESTERN ASSET EMERGING MARKETS DEBT FUND INC.
|
|
|
Schedule of investments (unaudited) (contd) |
|
September 30, 2023 |
|
|
(Percentages shown based on Fund net assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SECURITY |
|
RATE |
|
|
MATURITY DATE |
|
|
FACE AMOUNT |
|
|
VALUE |
|
Peru - 3.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Peruvian Government International Bond, Senior Notes |
|
|
7.350 |
% |
|
|
7/21/25 |
|
|
|
10,300,000 |
|
|
$ |
10,608,691 |
(c) |
Peruvian Government International Bond, Senior Notes |
|
|
8.750 |
% |
|
|
11/21/33 |
|
|
|
8,998,000 |
|
|
|
10,733,388 |
(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Peru |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21,342,079 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Poland - 0.5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bank Gospodarstwa Krajowego |
|
|
5.375 |
% |
|
|
5/22/33 |
|
|
|
3,000,000 |
|
|
|
2,836,350 |
(b)(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Qatar - 3.4% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Qatar Government International Bond, Senior Notes |
|
|
5.103 |
% |
|
|
4/23/48 |
|
|
|
7,920,000 |
|
|
|
7,186,901 |
(b)(c) |
Qatar Government International Bond, Senior Notes |
|
|
4.817 |
% |
|
|
3/14/49 |
|
|
|
14,100,000 |
|
|
|
12,267,494 |
(b)(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Qatar |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19,454,395 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rwanda - 0.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rwanda International Government Bond, Senior Notes |
|
|
5.500 |
% |
|
|
8/9/31 |
|
|
|
4,050,000 |
|
|
|
3,161,086 |
(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Senegal - 1.4% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Senegal Government International Bond, Senior Notes |
|
|
6.250 |
% |
|
|
7/30/24 |
|
|
|
2,170,000 |
|
|
|
2,137,624 |
(a) |
Senegal Government International Bond, Senior Notes |
|
|
6.250 |
% |
|
|
5/23/33 |
|
|
|
2,000,000 |
|
|
|
1,608,360 |
(a) |
Senegal Government International Bond, Senior Notes |
|
|
6.750 |
% |
|
|
3/13/48 |
|
|
|
6,000,000 |
|
|
|
4,035,900 |
(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Senegal |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,781,884 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
South Africa - 1.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Republic of South Africa Government Bond, Senior Notes |
|
|
8.500 |
% |
|
|
1/31/37 |
|
|
|
81,280,000 |
ZAR |
|
|
3,144,522 |
|
Republic of South Africa Government International Bond, Senior Notes |
|
|
5.000 |
% |
|
|
10/12/46 |
|
|
|
5,000,000 |
|
|
|
3,106,250 |
(c) |
Republic of South Africa Government International Bond, Senior Notes |
|
|
5.750 |
% |
|
|
9/30/49 |
|
|
|
2,000,000 |
|
|
|
1,329,878 |
(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total South Africa |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,580,650 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
South Korea - 0.4% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Export-Import Bank of Korea, Senior Notes |
|
|
5.750 |
% |
|
|
3/5/24 |
|
|
|
37,400,000,000 |
IDR |
|
|
2,406,861 |
(a) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supranational - 3.8% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Africa Finance Corp., Senior Notes |
|
|
3.750 |
% |
|
|
10/30/29 |
|
|
|
3,000,000 |
|
|
|
2,478,780 |
(a) |
African Export-Import Bank, Senior Notes |
|
|
3.798 |
% |
|
|
5/17/31 |
|
|
|
3,000,000 |
|
|
|
2,333,610 |
(b)(c) |
See Notes to
Schedule of Investments.
|
|
|
|
|
|
|
Western Asset Emerging Markets Debt Fund Inc. 2023 Quarterly Report |
|
7 |
WESTERN ASSET EMERGING MARKETS DEBT FUND INC.
|
|
|
Schedule of investments (unaudited) (contd) |
|
September 30, 2023 |
|
|
(Percentages shown based on Fund net assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SECURITY |
|
RATE |
|
|
MATURITY DATE |
|
|
FACE AMOUNT |
|
|
VALUE |
|
Supranational - (continued) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
European Bank for Reconstruction & Development, Senior Notes |
|
|
5.150 |
% |
|
|
2/16/24 |
|
|
|
102,600,000 |
INR |
|
$ |
1,225,796 |
|
European Investment Bank, Senior Notes |
|
|
10.000 |
% |
|
|
12/6/23 |
|
|
|
40,900,000 |
EGP |
|
|
1,271,469 |
(a) |
Inter-American Development Bank, Senior Notes |
|
|
7.900 |
% |
|
|
3/2/25 |
|
|
|
900,000,000 |
CRC |
|
|
1,726,995 |
|
International Finance Corp., Senior Notes |
|
|
2.900 |
% |
|
|
1/16/24 |
|
|
|
7,700,000,000 |
COP |
|
|
1,822,990 |
|
International Finance Corp., Senior Notes |
|
|
14.750 |
% |
|
|
4/17/24 |
|
|
|
39,000,000,000 |
UZS |
|
|
3,183,323 |
|
International Finance Corp., Senior Notes |
|
|
6.280 |
% |
|
|
5/27/24 |
|
|
|
304,000,000 |
UYU |
|
|
7,640,218 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Supranational |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21,683,181 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tunisia - 0.4% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Banque Centrale de Tunisie International Bond, Senior Notes |
|
|
5.750 |
% |
|
|
1/30/25 |
|
|
|
3,760,000 |
|
|
|
2,582,327 |
(a) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Turkey - 1.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Turkey Government International Bond, Senior Notes |
|
|
5.125 |
% |
|
|
2/17/28 |
|
|
|
4,000,000 |
|
|
|
3,577,400 |
|
Turkey Government International Bond, Senior Notes |
|
|
9.375 |
% |
|
|
3/14/29 |
|
|
|
3,000,000 |
|
|
|
3,081,810 |
|
Turkey Government International Bond, Senior Notes |
|
|
4.875 |
% |
|
|
4/16/43 |
|
|
|
5,160,000 |
|
|
|
3,283,674 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Turkey |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,942,884 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ukraine - 1.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ukraine Government International Bond, Senior Notes |
|
|
6.750 |
% |
|
|
6/20/28 |
|
|
|
1,700,000 |
EUR |
|
|
468,284 |
*(a)(d) |
Ukraine Government International Bond, Senior Notes |
|
|
7.750 |
% |
|
|
9/1/29 |
|
|
|
8,800,000 |
|
|
|
2,539,055 |
*(a)(d) |
Ukraine Government International Bond, Senior Notes |
|
|
9.750 |
% |
|
|
11/1/30 |
|
|
|
15,080,000 |
|
|
|
4,471,492 |
*(a)(d) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Ukraine |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,478,831 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United Arab Emirates - 0.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Finance Department Government of Sharjah, Senior Notes |
|
|
4.000 |
% |
|
|
7/28/50 |
|
|
|
3,000,000 |
|
|
|
1,752,111 |
(a) |
Finance Department Government of Sharjah, Senior Notes |
|
|
4.375 |
% |
|
|
3/10/51 |
|
|
|
4,000,000 |
|
|
|
2,507,260 |
(a) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total United Arab Emirates |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,259,371 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See Notes to
Schedule of Investments.
|
|
|
|
|
8 |
|
Western Asset Emerging Markets Debt Fund Inc. 2023 Quarterly Report |
|
|
WESTERN ASSET EMERGING MARKETS DEBT FUND INC.
|
|
|
Schedule of investments (unaudited) (contd) |
|
September 30, 2023 |
|
|
(Percentages shown based on Fund net assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SECURITY |
|
RATE |
|
|
MATURITY DATE |
|
|
FACE AMOUNT |
|
|
VALUE |
|
Uruguay - 2.9% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Uruguay Government International Bond, Senior Notes |
|
|
9.750 |
% |
|
|
7/20/33 |
|
|
|
44,763,800 |
UYU |
|
$ |
1,174,321 |
|
Uruguay Government International Bond, Senior Notes |
|
|
5.750 |
% |
|
|
10/28/34 |
|
|
|
10,408,526 |
|
|
|
10,619,551 |
|
Uruguay Government International Bond, Senior Notes |
|
|
5.100 |
% |
|
|
6/18/50 |
|
|
|
4,341,000 |
|
|
|
3,858,208 |
|
Uruguay Government International Bond, Senior Notes |
|
|
4.975 |
% |
|
|
4/20/55 |
|
|
|
1,180,000 |
|
|
|
1,024,495 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Uruguay |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,676,575 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Uzbekistan - 0.8% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Republic of Uzbekistan International Bond, Senior Notes |
|
|
3.700 |
% |
|
|
11/25/30 |
|
|
|
4,000,000 |
|
|
|
3,134,376 |
(a) |
Republic of Uzbekistan International Bond, Senior Notes |
|
|
3.900 |
% |
|
|
10/19/31 |
|
|
|
2,000,000 |
|
|
|
1,563,750 |
(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Uzbekistan |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,698,126 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Venezuela - 0.5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Venezuela Government International Bond, Senior Notes |
|
|
|
|
|
|
10/13/19 |
|
|
|
22,130,000 |
|
|
|
1,549,100 |
*(a)(e) |
Venezuela Government International Bond, Senior Notes |
|
|
8.250 |
% |
|
|
10/13/24 |
|
|
|
7,000,000 |
|
|
|
665,078 |
*(a)(d) |
Venezuela Government International Bond, Senior Notes |
|
|
9.250 |
% |
|
|
9/15/27 |
|
|
|
4,205,000 |
|
|
|
431,013 |
*(d) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Venezuela |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,645,191 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Vietnam - 0.8% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Vietnam Government International Bond, Senior Notes |
|
|
4.800 |
% |
|
|
11/19/24 |
|
|
|
4,700,000 |
|
|
|
4,621,291 |
(b)(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Zambia - 0.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Zambia Government International Bond, Senior Notes |
|
|
8.500 |
% |
|
|
4/14/24 |
|
|
|
3,440,000 |
|
|
|
1,897,304 |
*(b)(d) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL SOVEREIGN BONDS
(Cost - $540,764,073) |
|
|
|
|
|
|
|
|
|
|
|
474,448,333 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CORPORATE BONDS & NOTES - 57.4% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMMUNICATION SERVICES - 2.5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diversified Telecommunication Services - 0.8% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Turk Telekomunikasyon AS, Senior Notes |
|
|
4.875 |
% |
|
|
6/19/24 |
|
|
|
4,600,000 |
|
|
|
4,504,320 |
(a) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Media - 0.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cable Onda SA, Senior Notes |
|
|
4.500 |
% |
|
|
1/30/30 |
|
|
|
3,290,000 |
|
|
|
2,689,071 |
(b)(c) |
Grupo Televisa SAB, Senior Notes |
|
|
6.625 |
% |
|
|
1/15/40 |
|
|
|
1,480,000 |
|
|
|
1,442,797 |
(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Media |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,131,868 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See Notes to
Schedule of Investments.
|
|
|
|
|
|
|
Western Asset Emerging Markets Debt Fund Inc. 2023 Quarterly Report |
|
9 |
WESTERN ASSET EMERGING MARKETS DEBT FUND INC.
|
|
|
Schedule of investments (unaudited) (contd) |
|
September 30, 2023 |
|
|
(Percentages shown based on Fund net assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SECURITY |
|
RATE |
|
|
MATURITY DATE |
|
|
FACE AMOUNT |
|
|
VALUE |
|
Wireless Telecommunication Services - 1.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Millicom International Cellular SA, Senior Notes |
|
|
6.250 |
% |
|
|
3/25/29 |
|
|
|
6,624,000 |
|
|
$ |
5,630,333 |
(b)(c) |
VTR Comunicaciones SpA, Senior Secured Notes |
|
|
5.125 |
% |
|
|
1/15/28 |
|
|
|
393,000 |
|
|
|
221,626 |
(b)(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Wireless Telecommunication Services |
|
|
|
|
|
|
|
|
|
|
|
5,851,959 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL COMMUNICATION SERVICES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,488,147 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSUMER DISCRETIONARY - 2.5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Broadline Retail - 0.4% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prosus NV, Senior Notes |
|
|
3.680 |
% |
|
|
1/21/30 |
|
|
|
3,200,000 |
|
|
|
2,584,781 |
(a)(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hotels, Restaurants & Leisure - 2.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gohl Capital Ltd., Senior Notes |
|
|
4.250 |
% |
|
|
1/24/27 |
|
|
|
3,130,000 |
|
|
|
2,887,864 |
(a) |
Melco Resorts Finance Ltd., Senior Notes |
|
|
5.375 |
% |
|
|
12/4/29 |
|
|
|
4,500,000 |
|
|
|
3,709,510 |
(a)(c) |
Sands China Ltd., Senior Notes |
|
|
5.650 |
% |
|
|
8/8/28 |
|
|
|
2,700,000 |
|
|
|
2,543,307 |
|
Wynn Macau Ltd., Senior Notes |
|
|
5.500 |
% |
|
|
10/1/27 |
|
|
|
3,000,000 |
|
|
|
2,680,407 |
(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Hotels, Restaurants & Leisure |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,821,088 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL CONSUMER DISCRETIONARY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,405,869 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSUMER STAPLES - 0.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beverages - 0.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Central American Bottling Corp./CBC |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bottling Holdco SL/Beliv Holdco SL, Senior Notes |
|
|
5.250 |
% |
|
|
4/27/29 |
|
|
|
4,150,000 |
|
|
|
3,748,259 |
(b)(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY - 18.2% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oil, Gas & Consumable Fuels - 18.2% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ecopetrol SA, Senior Notes |
|
|
5.875 |
% |
|
|
5/28/45 |
|
|
|
9,060,000 |
|
|
|
5,978,375 |
(c) |
Ecopetrol SA, Senior Notes |
|
|
5.875 |
% |
|
|
11/2/51 |
|
|
|
3,000,000 |
|
|
|
1,914,645 |
(c) |
Empresa Generadora de Electricidad Haina SA, Senior Notes |
|
|
5.625 |
% |
|
|
11/8/28 |
|
|
|
4,250,000 |
|
|
|
3,772,406 |
(b)(c) |
KazMunayGas National Co. JSC, Senior Notes |
|
|
3.500 |
% |
|
|
4/14/33 |
|
|
|
11,000,000 |
|
|
|
8,251,375 |
(a) |
KazMunayGas National Co. JSC, Senior Notes |
|
|
6.375 |
% |
|
|
10/24/48 |
|
|
|
5,300,000 |
|
|
|
4,331,112 |
(b)(c) |
KazTransGas JSC, Senior Notes |
|
|
4.375 |
% |
|
|
9/26/27 |
|
|
|
3,200,000 |
|
|
|
2,955,424 |
(a) |
Oleoducto Central SA, Senior Notes |
|
|
4.000 |
% |
|
|
7/14/27 |
|
|
|
2,400,000 |
|
|
|
2,140,766 |
(b)(c) |
Pertamina Persero PT, Senior Notes |
|
|
6.500 |
% |
|
|
5/27/41 |
|
|
|
3,500,000 |
|
|
|
3,413,821 |
(b)(c) |
Pertamina Persero PT, Senior Notes |
|
|
4.150 |
% |
|
|
2/25/60 |
|
|
|
2,000,000 |
|
|
|
1,327,456 |
(a)(c) |
Petrobras Global Finance BV, Senior Notes |
|
|
7.375 |
% |
|
|
1/17/27 |
|
|
|
5,600,000 |
|
|
|
5,776,618 |
(c) |
Petrobras Global Finance BV, Senior Notes |
|
|
5.750 |
% |
|
|
2/1/29 |
|
|
|
6,000,000 |
|
|
|
5,841,377 |
(c) |
See Notes to
Schedule of Investments.
|
|
|
|
|
10 |
|
Western Asset Emerging Markets Debt Fund Inc. 2023 Quarterly Report |
|
|
WESTERN ASSET EMERGING MARKETS DEBT FUND INC.
|
|
|
Schedule of investments (unaudited) (contd) |
|
September 30, 2023 |
|
|
(Percentages shown based on Fund net assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SECURITY |
|
RATE |
|
|
MATURITY DATE |
|
|
FACE AMOUNT |
|
|
VALUE |
|
Oil, Gas & Consumable Fuels - (continued) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Petrobras Global Finance BV, Senior Notes |
|
|
6.850 |
% |
|
|
6/5/2115 |
|
|
|
13,800,000 |
|
|
$ |
11,859,564 |
(c) |
Petroleos de Venezuela SA, Senior Notes |
|
|
|
|
|
|
11/17/21 |
|
|
|
16,630,000 |
|
|
|
956,225 |
*(e) |
Petroleos de Venezuela SA, Senior Notes |
|
|
6.000 |
% |
|
|
5/16/24 |
|
|
|
8,145,000 |
|
|
|
468,338 |
*(d) |
Petroleos del Peru SA, Senior Notes |
|
|
5.625 |
% |
|
|
6/19/47 |
|
|
|
6,800,000 |
|
|
|
4,116,639 |
(a)(c) |
Petroleos Mexicanos, Senior Notes |
|
|
6.500 |
% |
|
|
3/13/27 |
|
|
|
2,000,000 |
|
|
|
1,765,018 |
(c) |
Petroleos Mexicanos, Senior Notes |
|
|
5.350 |
% |
|
|
2/12/28 |
|
|
|
15,500,000 |
|
|
|
12,622,944 |
(c) |
Petroleos Mexicanos, Senior Notes |
|
|
6.500 |
% |
|
|
6/2/41 |
|
|
|
8,200,000 |
|
|
|
4,941,532 |
(c) |
Petroleos Mexicanos, Senior Notes |
|
|
5.500 |
% |
|
|
6/27/44 |
|
|
|
200,000 |
|
|
|
110,672 |
(c) |
Petronas Capital Ltd., Senior Notes |
|
|
4.800 |
% |
|
|
4/21/60 |
|
|
|
7,000,000 |
|
|
|
5,820,497 |
(b)(c) |
QazaqGaz NC JSC, Senior Notes |
|
|
4.375 |
% |
|
|
9/26/27 |
|
|
|
3,000,000 |
|
|
|
2,770,710 |
(b)(c) |
Transportadora de Gas del Peru SA, Senior Notes |
|
|
4.250 |
% |
|
|
4/30/28 |
|
|
|
1,080,000 |
|
|
|
1,021,514 |
(a) |
Transportadora de Gas Internacional SA ESP, Senior Notes |
|
|
5.550 |
% |
|
|
11/1/28 |
|
|
|
2,300,000 |
|
|
|
2,167,913 |
(b)(c) |
Ultrapar International SA, Senior Notes |
|
|
5.250 |
% |
|
|
10/6/26 |
|
|
|
3,190,000 |
|
|
|
3,049,337 |
(b)(c) |
YPF SA, Senior Notes |
|
|
8.500 |
% |
|
|
3/23/25 |
|
|
|
562,500 |
|
|
|
528,112 |
(a) |
YPF SA, Senior Notes |
|
|
8.500 |
% |
|
|
7/28/25 |
|
|
|
5,430,000 |
|
|
|
4,857,891 |
(b)(c) |
YPF SA, Senior Notes |
|
|
8.500 |
% |
|
|
7/28/25 |
|
|
|
500,000 |
|
|
|
447,320 |
(c) |
YPF SA, Senior Notes |
|
|
6.950 |
% |
|
|
7/21/27 |
|
|
|
1,320,000 |
|
|
|
1,061,014 |
(b)(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL ENERGY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
104,268,615 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FINANCIALS - 6.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Banks - 5.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asian Development Bank, Senior Notes |
|
|
11.750 |
% |
|
|
7/24/24 |
|
|
|
13,000,000,000 |
COP |
|
|
3,119,675 |
|
Banco de Credito del Peru, Subordinated Notes (3.250% to 9/30/26 then 5 year Treasury Constant Maturity Rate +
2.450%) |
|
|
3.250 |
% |
|
|
9/30/31 |
|
|
|
1,000,000 |
|
|
|
879,490 |
(b)(c)(f) |
Banco Mercantil del Norte SA, Junior Subordinated Notes (5.875% to 1/24/27 then 5 year Treasury Constant Maturity Rate
+ 4.643%) |
|
|
5.875 |
% |
|
|
1/24/27 |
|
|
|
6,000,000 |
|
|
|
5,129,501 |
(a)(c)(f)(g) |
Banco Nacional de Comercio Exterior |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SNC, Subordinated Notes (2.720% to 8/11/26 then 5 year Treasury Constant Maturity Rate + 2.000%) |
|
|
2.720 |
% |
|
|
8/11/31 |
|
|
|
2,300,000 |
|
|
|
1,906,039 |
(a)(c)(f) |
See Notes to
Schedule of Investments.
|
|
|
|
|
|
|
Western Asset Emerging Markets Debt Fund Inc. 2023 Quarterly Report |
|
11 |
WESTERN ASSET EMERGING MARKETS DEBT FUND INC.
|
|
|
Schedule of investments (unaudited) (contd) |
|
September 30, 2023 |
|
|
(Percentages shown based on Fund net assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SECURITY |
|
RATE |
|
|
MATURITY DATE |
|
|
FACE AMOUNT |
|
|
VALUE |
|
Banks - (continued) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Banco Nacional de Panama, Senior Notes |
|
|
2.500 |
% |
|
|
8/11/30 |
|
|
|
4,000,000 |
|
|
$ |
3,113,279 |
(a)(c) |
Bank Leumi Le-Israel BM, Senior Notes |
|
|
5.125 |
% |
|
|
7/27/27 |
|
|
|
3,300,000 |
|
|
|
3,212,807 |
(a) |
Bank Leumi Le-Israel BM, Subordinated Notes (7.129% to 7/18/28 then 5 year
Treasury Constant Maturity Rate + 3.466%) |
|
|
7.129 |
% |
|
|
7/18/33 |
|
|
|
1,000,000 |
|
|
|
983,762 |
(a)(f) |
Bank of East Asia Ltd., Subordinated Notes (4.875% to 4/22/27 then 5 year Treasury Constant Maturity Rate +
2.300%) |
|
|
4.875 |
% |
|
|
4/22/32 |
|
|
|
2,800,000 |
|
|
|
2,449,342 |
(a)(f) |
BBVA Bancomer SA, Subordinated Notes (5.350% to 11/12/24 then 5 year Treasury Constant Maturity Rate +
3.000%) |
|
|
5.350 |
% |
|
|
11/12/29 |
|
|
|
1,350,000 |
|
|
|
1,301,347 |
(b)(c)(f) |
European Bank for Reconstruction & Development, Senior Notes |
|
|
13.500 |
% |
|
|
7/15/24 |
|
|
|
1,344,000,000 |
KZT |
|
|
2,764,465 |
(h) |
HSBC Holdings PLC, Junior Subordinated Notes (8.000% to 9/7/28 then 5 year Treasury Constant Maturity Rate +
3.858%) |
|
|
8.000 |
% |
|
|
3/7/28 |
|
|
|
1,800,000 |
|
|
|
1,777,099 |
(c)(f)(g) |
International Bank for Reconstruction & Development, Senior Notes |
|
|
6.850 |
% |
|
|
4/24/28 |
|
|
|
250,000,000 |
INR |
|
|
2,955,025 |
|
UniCredit SpA, Subordinated Notes (7.296% to 4/2/29 then USD 5 year ICE Swap Rate + 4.914%) |
|
|
7.296 |
% |
|
|
4/2/34 |
|
|
|
3,080,000 |
|
|
|
2,903,929 |
(b)(c)(f) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Banks |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
32,495,760 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital Markets - 0.2% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit Suisse AG AT1 Claim |
|
|
|
|
|
|
1/1/50 |
|
|
|
2,000,000 |
|
|
|
0 |
*(h)(i)(j) |
UBS Group AG, Junior Subordinated Notes (7.000% to 1/31/24 then USD 5 year ICE Swap Rate + 4.344%) |
|
|
7.000 |
% |
|
|
1/31/24 |
|
|
|
1,000,000 |
|
|
|
987,879 |
(b)(c)(f)(g) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Capital Markets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
987,879 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial Services - 0.2% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Indian Railway Finance Corp. Ltd., Senior Notes |
|
|
2.800 |
% |
|
|
2/10/31 |
|
|
|
1,800,000 |
|
|
|
1,451,164 |
(a)(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Insurance - 0.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sagicor Financial Co. Ltd., Senior Notes |
|
|
5.300 |
% |
|
|
5/13/28 |
|
|
|
3,600,000 |
|
|
|
3,384,792 |
(b)(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL FINANCIALS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
38,319,595 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See Notes to
Schedule of Investments.
|
|
|
|
|
12 |
|
Western Asset Emerging Markets Debt Fund Inc. 2023 Quarterly Report |
|
|
WESTERN ASSET EMERGING MARKETS DEBT FUND INC.
|
|
|
Schedule of investments (unaudited) (contd) |
|
September 30, 2023 |
|
|
(Percentages shown based on Fund net assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SECURITY |
|
RATE |
|
|
MATURITY DATE |
|
|
FACE AMOUNT |
|
|
VALUE |
|
HEALTH CARE - 1.5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pharmaceuticals - 1.5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Teva Pharmaceutical Finance |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Netherlands III BV, Senior Notes |
|
|
3.150 |
% |
|
|
10/1/26 |
|
|
|
8,000,000 |
|
|
$ |
7,136,883 |
|
Teva Pharmaceutical Finance Netherlands III BV, Senior Notes |
|
|
8.125 |
% |
|
|
9/15/31 |
|
|
|
1,630,000 |
|
|
|
1,688,358 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL HEALTH CARE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,825,241 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
INDUSTRIALS - 4.9% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aerospace & Defense - 0.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Avolon Holdings Funding Ltd., Senior Notes |
|
|
2.125 |
% |
|
|
2/21/26 |
|
|
|
2,000,000 |
|
|
|
1,792,711 |
(b)(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Air Freight & Logistics - 0.8% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DP World Ltd., Senior Notes |
|
|
5.625 |
% |
|
|
9/25/48 |
|
|
|
3,400,000 |
|
|
|
3,023,620 |
(b)(c) |
ENA Master Trust, Senior Secured Notes |
|
|
4.000 |
% |
|
|
5/19/48 |
|
|
|
1,850,000 |
|
|
|
1,333,165 |
(b)(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Air Freight & Logistics |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,356,785 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction & Engineering - 1.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ATP Tower Holdings LLC/Andean Tower Partners Colombia SAS/Andean Telecom Par, Senior Secured Notes |
|
|
4.050 |
% |
|
|
4/27/26 |
|
|
|
7,650,000 |
|
|
|
6,628,205 |
(b)(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ground Transportation - 1.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Empresa de los Ferrocarriles del Estado, Senior Notes |
|
|
3.830 |
% |
|
|
9/14/61 |
|
|
|
1,800,000 |
|
|
|
1,130,354 |
(b)(c) |
Empresa de Transporte de Pasajeros Metro SA, Senior Notes |
|
|
5.000 |
% |
|
|
1/25/47 |
|
|
|
2,560,000 |
|
|
|
2,136,480 |
(b)(c) |
Lima Metro Line 2 Finance Ltd., Senior Secured Notes |
|
|
4.350 |
% |
|
|
4/5/36 |
|
|
|
3,285,919 |
|
|
|
2,862,865 |
(b)(c) |
Transnet SOC Ltd., Senior Notes |
|
|
8.250 |
% |
|
|
2/6/28 |
|
|
|
3,100,000 |
|
|
|
2,975,597 |
(b)(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Ground Transportation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,105,296 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Industrial Conglomerates - 0.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Alfa SAB de CV, Senior Notes |
|
|
6.875 |
% |
|
|
3/25/44 |
|
|
|
1,000,000 |
|
|
|
904,240 |
(b)(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Passenger Airlines - 0.9% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., Senior Secured Notes |
|
|
6.500 |
% |
|
|
6/20/27 |
|
|
|
1,500,000 |
|
|
|
1,487,695 |
(b)(c) |
Singapore Airlines Ltd., Senior Notes |
|
|
3.375 |
% |
|
|
1/19/29 |
|
|
|
4,000,000 |
|
|
|
3,626,760 |
(a) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Passenger Airlines |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,114,455 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transportation Infrastructure - 0.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adani Ports & Special Economic Zone Ltd., Senior Notes |
|
|
3.828 |
% |
|
|
2/2/32 |
|
|
|
700,000 |
|
|
|
496,227 |
(a) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL INDUSTRIALS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
28,397,919 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See Notes to
Schedule of Investments.
|
|
|
|
|
|
|
Western Asset Emerging Markets Debt Fund Inc. 2023 Quarterly Report |
|
13 |
WESTERN ASSET EMERGING MARKETS DEBT FUND INC.
|
|
|
Schedule of investments (unaudited) (contd) |
|
September 30, 2023 |
|
|
(Percentages shown based on Fund net assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SECURITY |
|
RATE |
|
|
MATURITY DATE |
|
|
FACE AMOUNT |
|
|
VALUE |
|
MATERIALS - 12.5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Chemicals - 4.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Braskem America Finance Co., Senior Notes |
|
|
7.125 |
% |
|
|
7/22/41 |
|
|
|
210,000 |
|
|
$ |
183,477 |
(a)(c) |
Braskem Netherlands Finance BV, Senior Notes |
|
|
7.250 |
% |
|
|
2/13/33 |
|
|
|
2,900,000 |
|
|
|
2,674,561 |
(b)(c) |
GC Treasury Center Co. Ltd., Senior Notes |
|
|
4.400 |
% |
|
|
3/30/32 |
|
|
|
1,193,000 |
|
|
|
1,020,319 |
(a) |
GC Treasury Center Co. Ltd., Senior Notes |
|
|
4.300 |
% |
|
|
3/18/51 |
|
|
|
1,000,000 |
|
|
|
655,283 |
(b) |
MEGlobal BV, Senior Notes |
|
|
2.625 |
% |
|
|
4/28/28 |
|
|
|
1,600,000 |
|
|
|
1,385,781 |
(b)(c) |
MEGlobal Canada ULC, Senior Notes |
|
|
5.875 |
% |
|
|
5/18/30 |
|
|
|
4,100,000 |
|
|
|
4,071,813 |
(b)(c) |
OCP SA, Senior Notes |
|
|
3.750 |
% |
|
|
6/23/31 |
|
|
|
7,000,000 |
|
|
|
5,546,282 |
(a) |
Orbia Advance Corp. SAB de CV, Senior Notes |
|
|
5.875 |
% |
|
|
9/17/44 |
|
|
|
2,800,000 |
|
|
|
2,308,796 |
(a)(c) |
Orbia Advance Corp. SAB de CV, Senior Notes |
|
|
5.875 |
% |
|
|
9/17/44 |
|
|
|
4,960,000 |
|
|
|
4,090,811 |
(b)(c) |
Sasol Financing USA LLC, Senior Notes |
|
|
5.500 |
% |
|
|
3/18/31 |
|
|
|
5,900,000 |
|
|
|
4,630,568 |
(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Chemicals |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26,567,691 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction Materials - 1.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cemex SAB de CV, Senior Notes |
|
|
5.450 |
% |
|
|
11/19/29 |
|
|
|
4,200,000 |
|
|
|
3,981,870 |
(a)(c) |
Cemex SAB de CV, Subordinated Notes (9.125% to 6/14/28 then 5 year Treasury Constant Maturity Rate +
5.157%) |
|
|
9.125 |
% |
|
|
3/14/28 |
|
|
|
2,000,000 |
|
|
|
2,084,510 |
(b)(c)(f)(g) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Construction Materials |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,066,380 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Metals & Mining - 5.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Antofagasta PLC, Senior Notes |
|
|
5.625 |
% |
|
|
5/13/32 |
|
|
|
3,100,000 |
|
|
|
2,957,523 |
(b)(c) |
First Quantum Minerals Ltd., Senior Notes |
|
|
6.875 |
% |
|
|
10/15/27 |
|
|
|
2,000,000 |
|
|
|
1,921,415 |
(b)(c) |
Freeport Indonesia PT, Senior Notes |
|
|
4.763 |
% |
|
|
4/14/27 |
|
|
|
2,000,000 |
|
|
|
1,908,264 |
(b)(c) |
Fresnillo PLC, Senior Notes |
|
|
4.250 |
% |
|
|
10/2/50 |
|
|
|
4,000,000 |
|
|
|
2,800,235 |
(b)(c) |
Indonesia Asahan Aluminium Persero PT, Senior Notes |
|
|
5.710 |
% |
|
|
11/15/23 |
|
|
|
10,120,000 |
|
|
|
10,121,670 |
(b)(c) |
POSCO, Senior Notes |
|
|
5.750 |
% |
|
|
1/17/28 |
|
|
|
5,000,000 |
|
|
|
4,971,964 |
(b)(c) |
Southern Copper Corp., Senior Notes |
|
|
7.500 |
% |
|
|
7/27/35 |
|
|
|
310,000 |
|
|
|
341,278 |
(c) |
Southern Copper Corp., Senior Notes |
|
|
6.750 |
% |
|
|
4/16/40 |
|
|
|
5,490,000 |
|
|
|
5,758,016 |
(c) |
Volcan Cia Minera SAA, Senior Notes |
|
|
4.375 |
% |
|
|
2/11/26 |
|
|
|
2,000,000 |
|
|
|
1,148,473 |
(a)(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Metals & Mining |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
31,928,838 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See Notes to
Schedule of Investments.
|
|
|
|
|
14 |
|
Western Asset Emerging Markets Debt Fund Inc. 2023 Quarterly Report |
|
|
WESTERN ASSET EMERGING MARKETS DEBT FUND INC.
|
|
|
Schedule of investments (unaudited) (contd) |
|
September 30, 2023 |
|
|
(Percentages shown based on Fund net assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SECURITY |
|
RATE |
|
|
MATURITY DATE |
|
|
FACE AMOUNT |
|
|
VALUE |
|
Paper & Forest Products - 1.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Suzano Austria GmbH, Senior Notes |
|
|
5.750 |
% |
|
|
7/14/26 |
|
|
|
3,450,000 |
|
|
$ |
3,412,111 |
(b)(c) |
Suzano Austria GmbH, Senior Notes |
|
|
6.000 |
% |
|
|
1/15/29 |
|
|
|
3,940,000 |
|
|
|
3,837,060 |
(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Paper & Forest Products |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,249,171 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL MATERIALS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
71,812,080 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
REAL ESTATE - 0.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diversified REITs - 0.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trust Fibra Uno, Senior Notes |
|
|
4.869 |
% |
|
|
1/15/30 |
|
|
|
4,200,000 |
|
|
|
3,560,702 |
(b)(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Management & Development - 0.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
China Aoyuan Group Ltd., Senior Secured Notes |
|
|
|
|
|
|
1/23/22 |
|
|
|
4,050,000 |
|
|
|
60,750 |
*(a)(e) |
China Aoyuan Group Ltd., Senior Secured Notes |
|
|
6.350 |
% |
|
|
2/8/24 |
|
|
|
2,400,000 |
|
|
|
51,312 |
*(a)(d) |
China Aoyuan Group Ltd., Senior Secured Notes |
|
|
7.950 |
% |
|
|
2/19/24 |
|
|
|
2,400,000 |
|
|
|
42,000 |
*(a)(d) |
China Aoyuan Group Ltd., Senior Secured Notes |
|
|
7.950 |
% |
|
|
6/21/24 |
|
|
|
2,000,000 |
|
|
|
35,000 |
*(a)(d) |
China Aoyuan Group Ltd., Senior Secured Notes |
|
|
5.880 |
% |
|
|
3/1/27 |
|
|
|
700,000 |
|
|
|
10,500 |
*(a)(d) |
Yuzhou Group Holdings Co. Ltd., Senior Secured Notes |
|
|
|
|
|
|
2/4/23 |
|
|
|
2,850,000 |
|
|
|
171,000 |
*(a)(e) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Real Estate Management & Development |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
370,562 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL REAL ESTATE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,931,264 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UTILITIES - 7.2% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electric Utilities - 5.4% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comision Federal de Electricidad, Senior Notes |
|
|
3.875 |
% |
|
|
7/26/33 |
|
|
|
1,000,000 |
|
|
|
758,764 |
(a) |
Comision Federal de Electricidad, Senior Notes |
|
|
4.677 |
% |
|
|
2/9/51 |
|
|
|
1,000,000 |
|
|
|
646,762 |
(a)(c) |
Enel Chile SA, Senior Notes |
|
|
4.875 |
% |
|
|
6/12/28 |
|
|
|
5,150,000 |
|
|
|
4,904,235 |
(c) |
Engie Energia Chile SA, Senior Notes |
|
|
4.500 |
% |
|
|
1/29/25 |
|
|
|
4,000,000 |
|
|
|
3,848,317 |
(a)(c) |
Eskom Holdings SOC Ltd. |
|
|
4.314 |
% |
|
|
7/23/27 |
|
|
|
9,600,000 |
|
|
|
8,432,160 |
(a) |
Instituto Costarricense de Electricidad, Senior Notes |
|
|
6.750 |
% |
|
|
10/7/31 |
|
|
|
3,100,000 |
|
|
|
2,999,177 |
(b)(c) |
Korea Electric Power Corp., Senior Notes |
|
|
5.375 |
% |
|
|
4/6/26 |
|
|
|
800,000 |
|
|
|
796,434 |
(b)(c) |
Lamar Funding Ltd., Senior Notes |
|
|
3.958 |
% |
|
|
5/7/25 |
|
|
|
4,000,000 |
|
|
|
3,821,288 |
(a) |
Perusahaan Listrik Negara, Senior Notes |
|
|
5.250 |
% |
|
|
5/15/47 |
|
|
|
5,810,000 |
|
|
|
4,695,322 |
(a)(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Electric Utilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30,902,459 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See Notes to
Schedule of Investments.
|
|
|
|
|
|
|
Western Asset Emerging Markets Debt Fund Inc. 2023 Quarterly Report |
|
15 |
WESTERN ASSET EMERGING MARKETS DEBT FUND INC.
|
|
|
Schedule of investments (unaudited) (contd) |
|
September 30, 2023 |
|
|
(Percentages shown based on Fund net assets) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SECURITY |
|
|
|
|
RATE |
|
|
MATURITY DATE |
|
|
FACE AMOUNT |
|
|
VALUE |
|
Gas Utilities - 0.4% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Promigas SA ESP/Gases del Pacifico SAC, Senior Notes |
|
|
|
3.750 |
% |
|
|
10/16/29 |
|
|
|
3,000,000 |
|
|
$ |
2,472,138 |
(a) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Independent Power and Renewable Electricity Producers - 0.5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Enel Generacion Chile SA, Senior Notes |
|
|
|
|
|
|
4.250 |
% |
|
|
4/15/24 |
|
|
|
500,000 |
|
|
|
492,549 |
(c) |
Minejesa Capital BV, Senior Secured Notes |
|
|
|
|
|
|
5.625 |
% |
|
|
8/10/37 |
|
|
|
3,100,000 |
|
|
|
2,376,152 |
(b)(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Independent Power and Renewable Electricity Producers |
|
|
|
|
|
|
|
|
|
|
|
2,868,701 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Multi-Utilities - 0.9% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Abu Dhabi National Energy Co. PJSC, Senior Notes |
|
|
|
4.875 |
% |
|
|
4/23/30 |
|
|
|
5,100,000 |
|
|
|
5,015,177 |
(b)(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL UTILITIES |
|
|
|
|
|
|
|
|
|
|
|
41,258,475 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL CORPORATE BONDS & NOTES (Cost - $370,288,258) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
329,455,464 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COUNTERPARTY |
|
|
EXPIRATION DATE |
|
|
CONTRACTS |
|
|
NOTIONAL AMOUNT |
|
|
|
|
PURCHASED OPTIONS - 0.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OTC PURCHASED OPTIONS - 0.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Dollar/Brazilian Real, Put @ 5.000BRL |
|
|
BNP Paribas SA |
|
|
|
11/9/23 |
|
|
|
6,000,000 |
|
|
|
6,000,000 |
|
|
|
73,449 |
|
U.S. Dollar/Colombia Peso, Put @ 4,000.000COP |
|
|
JPMorgan Chase & Co. |
|
|
|
10/17/23 |
|
|
|
6,200,000 |
|
|
|
6,200,000 |
|
|
|
33,084 |
|
U.S. Dollar/Hungarian Forint, Put @ 340.000HUF |
|
|
Bank of America N.A. |
|
|
|
11/9/23 |
|
|
|
9,300,000 |
|
|
|
9,300,000 |
|
|
|
2,635 |
|
U.S. Dollar/Mexican Peso, Put @ 18.000MXN |
|
|
Citibank N.A. |
|
|
|
11/8/23 |
|
|
|
9,000,000 |
|
|
|
9,000,000 |
|
|
|
321,622 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL PURCHASED OPTIONS (Cost - $505,799) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
430,790 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS (Cost - $911,558,130) |
|
|
|
|
|
|
|
|
|
|
|
804,334,587 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RATE |
|
|
|
|
|
SHARES |
|
|
|
|
SHORT-TERM INVESTMENTS - 0.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Western Asset Premier Institutional Government Reserves, Premium Shares (Cost - $3,307,304) |
|
|
|
5.259 |
% |
|
|
|
|
|
|
3,307,304 |
|
|
|
3,307,304 |
(k)(l) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL INVESTMENTS - 140.8% (Cost - $914,865,434) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
807,641,891 |
|
Liabilities in Excess of Other Assets - (40.8)% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(234,205,607 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL NET ASSETS - 100.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
573,436,284 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See Notes to
Schedule of Investments.
|
|
|
|
|
16 |
|
Western Asset Emerging Markets Debt Fund Inc. 2023 Quarterly Report |
|
|
WESTERN ASSET EMERGING MARKETS DEBT FUND INC.
|
|
|
Schedule of investments (unaudited) (contd) |
|
September 30, 2023 |
|
|
|
|
|
|
Face amount/notional amount denominated in U.S. dollars, unless otherwise noted. |
* |
Non-income producing security. |
(a) |
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. |
(b) |
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. |
(c) |
All or a portion of this security is pledged as collateral pursuant to the loan agreement.
|
(d) |
The coupon payment on this security is currently in default as of September 30, 2023.
|
(e) |
The maturity principal is currently in default as of September 30, 2023. |
(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 has no maturity date. The date shown represents the next call date. |
(h) |
Security is valued in good faith in accordance with procedures approved by the Board of Directors (Note 1).
|
(i) |
Security is valued using significant unobservable inputs (Note 1). |
(j) |
Value is less than $1. |
(k) |
Rate shown is one-day yield as of the end of the reporting period.
|
(l) |
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 September 30, 2023, the total market value of investments in Affiliated
Companies was $3,307,304 and the cost was $3,307,304 (Note 2). |
Abbreviation(s) used in this schedule:
|
|
|
BRL |
|
Brazilian Real |
CLP |
|
Chilean Peso |
COP |
|
Colombian Peso |
DOP |
|
Dominican Peso |
EGP |
|
Egyptian Pound |
EUR |
|
Euro |
HUF |
|
Hungarian Forint |
ICE |
|
Intercontinental Exchange |
IDR |
|
Indonesian Rupiah |
INR |
|
Indian Rupee |
JSC |
|
Joint Stock Company |
MXN |
|
Mexican Peso |
PJSC |
|
Private Joint Stock Company |
USD |
|
United States Dollar |
UYU |
|
Uruguayan Peso |
UZS |
|
Uzbekistani Som |
ZAR |
|
South African Rand |
See Notes to
Schedule of Investments.
|
|
|
|
|
|
|
Western Asset Emerging Markets Debt Fund Inc. 2023 Quarterly Report |
|
17 |
WESTERN ASSET EMERGING MARKETS DEBT FUND INC.
|
|
|
Schedule of investments (unaudited) (contd) |
|
September 30, 2023 |
|
|
|
|
|
At September 30, 2023, the Fund had the
following written options contracts:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OTC WRITTEN OPTIONS |
|
SECURITY |
|
COUNTERPARTY |
|
EXPIRATION DATE |
|
|
STRIKE PRICE |
|
|
CONTRACTS |
|
|
NOTIONAL AMOUNT |
|
|
VALUE |
|
U.S. Dollar/Brazilian Real, Call |
|
BNP Paribas SA |
|
|
11/9/23 |
|
|
|
5.600 |
BRL |
|
|
6,000,000 |
|
|
|
6,000,000 |
|
|
$ |
(7,502 |
) |
U.S. Dollar/Brazilian Real, Put |
|
BNP Paribas SA |
|
|
11/9/23 |
|
|
|
4.800 |
BRL |
|
|
6,000,000 |
|
|
|
6,000,000 |
|
|
|
(12,360 |
) |
U.S. Dollar/Colombia Peso, Call |
|
JPMorgan Chase & Co. |
|
|
10/17/23 |
|
|
|
4,365.000 |
COP |
|
|
6,200,000 |
|
|
|
6,200,000 |
|
|
|
(11,627 |
) |
U.S. Dollar/Hungarian Forint, Call |
|
Bank of America N.A. |
|
|
11/9/23 |
|
|
|
395.000 |
HUF |
|
|
9,300,000 |
|
|
|
9,300,000 |
|
|
|
(38,278 |
) |
U.S. Dollar/Mexican Peso, Call |
|
Citibank N.A. |
|
|
11/8/23 |
|
|
|
19.500 |
MXN |
|
|
9,000,000 |
|
|
|
9,000,000 |
|
|
|
(12,680 |
) |
U.S. Dollar/Mexican Peso, Put |
|
Citibank N.A. |
|
|
11/8/23 |
|
|
|
16.945 |
MXN |
|
|
9,000,000 |
|
|
|
9,000,000 |
|
|
|
(27,842 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL OTC WRITTEN OPTIONS (Premiums received - $528,954) |
|
|
|
|
|
|
|
|
|
|
$ |
(110,289 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Notional amount denominated in U.S. dollars, unless otherwise noted. |
Abbreviation(s) used in this schedule:
|
|
|
BRL |
|
Brazilian Real |
COP |
|
Colombian Peso |
HUF |
|
Hungarian Forint |
MXN |
|
Mexican Peso |
At September 30, 2023, the Fund had the following open futures contracts:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of Contracts |
|
|
Expiration Date |
|
|
Notional Amount |
|
|
Market Value |
|
|
Unrealized Appreciation |
|
Contracts to Sell: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury 10-Year Notes |
|
|
164 |
|
|
|
12/23 |
|
|
$ |
18,044,012 |
|
|
$ |
17,722,250 |
|
|
$ |
321,762 |
|
U.S. Treasury Long-Term Bonds |
|
|
115 |
|
|
|
12/23 |
|
|
|
13,794,411 |
|
|
|
13,084,844 |
|
|
|
709,567 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net unrealized appreciation on open futures contracts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,031,329 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See Notes to
Schedule of Investments.
|
|
|
|
|
18 |
|
Western Asset Emerging Markets Debt Fund Inc. 2023 Quarterly Report |
|
|
WESTERN ASSET EMERGING MARKETS DEBT FUND INC.
|
|
|
Schedule of investments (unaudited) (contd) |
|
September 30, 2023 |
|
|
|
|
|
At September 30, 2023, the Fund had the
following open forward foreign currency contracts:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Currency Purchased |
|
|
Currency Sold |
|
|
Counterparty |
|
Settlement Date |
|
|
Unrealized Appreciation (Depreciation) |
|
USD |
|
|
3,391,770 |
|
|
|
ZAR |
|
|
|
64,020,000 |
|
|
Bank of America N.A. |
|
|
10/13/23 |
|
|
$ |
14,645 |
|
USD |
|
|
2,099,745 |
|
|
|
BRL |
|
|
|
10,214,000 |
|
|
Citibank N.A. |
|
|
10/13/23 |
|
|
|
72,058 |
|
USD |
|
|
6,073,403 |
|
|
|
SGD |
|
|
|
8,144,433 |
|
|
Deutsche Bank AG |
|
|
10/13/23 |
|
|
|
111,793 |
|
USD |
|
|
1,711,757 |
|
|
|
COP |
|
|
|
7,268,120,000 |
|
|
JPMorgan Chase & Co. |
|
|
10/13/23 |
|
|
|
(62,589 |
) |
USD |
|
|
17,202,234 |
|
|
|
IDR |
|
|
|
257,827,088,494 |
|
|
JPMorgan Chase & Co. |
|
|
10/13/23 |
|
|
|
520,158 |
|
USD |
|
|
13,067,962 |
|
|
|
MXN |
|
|
|
227,506,800 |
|
|
JPMorgan Chase & Co. |
|
|
10/13/23 |
|
|
|
44,594 |
|
USD |
|
|
3,501,176 |
|
|
|
COP |
|
|
|
14,543,887,000 |
|
|
JPMorgan Chase & Co. |
|
|
10/19/23 |
|
|
|
(42,303 |
) |
USD |
|
|
2,874,545 |
|
|
|
HUF |
|
|
|
1,036,906,040 |
|
|
Bank of America N.A. |
|
|
11/13/23 |
|
|
|
82,718 |
|
USD |
|
|
2,232,550 |
|
|
|
BRL |
|
|
|
11,437,800 |
|
|
BNP Paribas SA |
|
|
11/13/23 |
|
|
|
(29,089 |
) |
USD |
|
|
1,470,024 |
|
|
|
CLP |
|
|
|
1,291,710,404 |
|
|
Bank of America N.A. |
|
|
12/15/23 |
|
|
|
25,077 |
|
USD |
|
|
382,074 |
|
|
|
HUF |
|
|
|
140,641,378 |
|
|
Bank of America N.A. |
|
|
12/15/23 |
|
|
|
5,033 |
|
USD |
|
|
8,149,097 |
|
|
|
EUR |
|
|
|
7,574,230 |
|
|
JPMorgan Chase & Co. |
|
|
12/15/23 |
|
|
|
111,883 |
|
USD |
|
|
31,509,982 |
|
|
|
CNY |
|
|
|
222,555,000 |
|
|
JPMorgan Chase & Co. |
|
|
3/15/24 |
|
|
|
523,639 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net unrealized appreciation on open forward foreign currency contracts |
|
|
|
|
|
$ |
1,377,617 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Abbreviation(s) used in this table:
|
|
|
BRL |
|
Brazilian Real |
CLP |
|
Chilean Peso |
CNY |
|
Chinese Yuan Renminbi |
COP |
|
Colombian Peso |
EUR |
|
Euro |
HUF |
|
Hungarian Forint |
IDR |
|
Indonesian Rupiah |
MXN |
|
Mexican Peso |
SGD |
|
Singapore Dollar |
USD |
|
United States Dollar |
ZAR |
|
South African Rand |
This Schedule of Investments is unaudited and is intended to provide information about the Funds investments as of the
date of the schedule. Other information regarding the Fund is available in the Funds most recent annual or semi-annual shareholder report.
See Notes to
Schedule of Investments.
|
|
|
|
|
|
|
Western Asset Emerging Markets Debt Fund Inc. 2023 Quarterly Report |
|
19 |
Notes to Schedule of Investments (unaudited)
1. Organization and significant accounting policies
Western Asset Emerging Markets Debt Fund Inc. (the Fund) was incorporated in Maryland on April 16, 2003 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 Funds primary investment objective is to seek high current income and the Funds secondary objective is to seek capital appreciation.
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. Futures contracts are valued daily at the settlement price established by the board of trade or exchange on which they are traded. 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 Funds Board of Directors.
Pursuant to policies adopted by the Board of
Directors, the Funds manager has been designated as the valuation designee and is responsible for the oversight of the daily valuation process. The Funds manager is assisted by the Global Fund Valuation Committee (the Valuation
Committee). The Valuation Committee is responsible for making fair value
Notes to Schedule of Investments (unaudited) (continued)
determinations, evaluating the effectiveness of the Funds pricing policies, and
reporting to the Funds 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 issuers 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 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.
Notes to Schedule of Investments (unaudited) (continued)
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 Funds 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 Funds 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: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sovereign Bonds |
|
|
|
|
|
$ |
474,448,333 |
|
|
|
|
|
|
$ |
474,448,333 |
|
Corporate Bonds & Notes |
|
|
|
|
|
|
329,455,464 |
|
|
$ |
0 |
* |
|
|
329,455,464 |
|
Purchased Options |
|
|
|
|
|
|
430,790 |
|
|
|
|
|
|
|
430,790 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Long-Term Investments |
|
|
|
|
|
|
804,334,587 |
|
|
|
0 |
* |
|
|
804,334,587 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-Term Investments |
|
$ |
3,307,304 |
|
|
|
|
|
|
|
|
|
|
|
3,307,304 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments |
|
$ |
3,307,304 |
|
|
$ |
804,334,587 |
|
|
$ |
0 |
* |
|
$ |
807,641,891 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Financial Instruments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures Contracts |
|
$ |
1,031,329 |
|
|
|
|
|
|
|
|
|
|
$ |
1,031,329 |
|
Forward Foreign Currency Contracts |
|
|
|
|
|
$ |
1,511,598 |
|
|
|
|
|
|
|
1,511,598 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Other Financial Instruments |
|
$ |
1,031,329 |
|
|
$ |
1,511,598 |
|
|
|
|
|
|
$ |
2,542,927 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
4,338,633 |
|
|
$ |
805,846,185 |
|
|
$ |
0 |
* |
|
$ |
810,184,818 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES |
|
DESCRIPTION |
|
QUOTED PRICES (LEVEL 1) |
|
|
OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2) |
|
|
SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) |
|
|
TOTAL |
|
Other Financial Instruments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Written Options |
|
|
|
|
|
$ |
110,289 |
|
|
|
|
|
|
$ |
110,289 |
|
Forward Foreign Currency Contracts |
|
|
|
|
|
|
133,981 |
|
|
|
|
|
|
|
133,981 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
|
$ |
244,270 |
|
|
|
|
|
|
$ |
244,270 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes to Schedule of Investments (unaudited) (continued)
|
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 September 30, 2023. The following transactions were effected in such company for the period ended September 30, 2023.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Affiliate Value at December 31, 2022 |
|
|
Purchased |
|
|
Sold |
|
|
|
Cost |
|
|
Shares |
|
|
Proceeds |
|
|
Shares |
|
Western Asset Premier Institutional Government Reserves, Premium Shares |
|
$ |
6,840,780 |
|
|
$ |
132,497,477 |
|
|
|
132,497,477 |
|
|
$ |
136,030,953 |
|
|
|
136,030,953 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(contd) |
|
Realized Gain (Loss) |
|
|
Dividend Income |
|
|
Net Increase (Decrease) in Unrealized Appreciation (Depreciation) |
|
|
Affiliate Value at September 30, 2023 |
|
Western Asset Premier Institutional Government Reserves, Premium Shares |
|
|
|
|
|
$ |
143,176 |
|
|
|
|
|
|
$ |
3,307,304 |
|
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