Western Asset Emerging Markets Debt Fund

EMD

Market cap $627M

NEW YORK--(BUSINESS WIRE)--Category: Distribution Related.

Emerging market bonds currently offer the second-highest yields in the market, behind variable rate senior loans. Western Asset Emerging Markets Debt Fund Inc focuses on these securities, sports a strong 10.2% distribution yield, and has seen solid distribution growth and performance for several years. Risks abound for EMD.

Western Asset Emerging Markets Debt Fund is rated a hold due to limited appeal at current valuations and inconsistent dividend coverage. EMD's 10.7% yield is attractive, but payout sustainability is questionable as distributions often exceed net investment income. Leverage at 24.5% and high exposure to below-investment-grade debt heighten risk, especially in a high-rate environment.

NEW YORK--(BUSINESS WIRE)--Category: Distribution Related.

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

NEW YORK--(BUSINESS WIRE)--Category: Distribution Related.

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

NEW YORK--(BUSINESS WIRE)--Category: Distribution Related.

Emerging market debt remains an important area for investors seeking consistent income and diversification. Gain insight from Western Asset Management's Chris Kilpatrick, Portfolio Manager for the Western Asset Emerging Market Debt Fund. As he explores potential opportunities for investors, current market tailwinds and headwinds, and how emerging market debt can complement U.S.-centric portfolios.

NEW YORK--(BUSINESS WIRE)--Category: Distribution Related.