GDO
Western Asset Global Corporate Defined Opportunity Fund
About: Western Asset Global Corp Defined Opp is a closed-end management investment company with a primary investment objective to provide current income. Its secondary objective is to seek capital appreciation. The Fund invests in the United States and foreign corporate fixed-income securities of varying maturities.
0
Funds holding %
of 6,831 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
4.01% less ownership
Funds ownership: 41.76% [Q2] → 37.74% (-4.01%) [Q3]
8% less capital invested
Capital invested by funds: $76.2M [Q2] → $69.9M (-$6.37M) [Q3]
9% less funds holding
Funds holding: 47 [Q2] → 43 (-4) [Q3]
29% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 17
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
Research analyst outlook
We haven’t received any recent analyst ratings for GDO.
Financial journalist opinion
Neutral
Seeking Alpha
3 weeks ago
Closed-End Funds: Screening For Potential Opportunites To Kick Off Q1 2025
The closed-end fund space saw a significant narrowing of discounts throughout 2024 as equity markets charged higher and now discounts remain tight heading into 2025. In particular, equity CEFs have seen significantly narrowed discounts along with taxable fixed-income, though municipal bond funds look relatively attractive after widening discounts in December. We are screening for funds with the deepest discounts and widest z-scores to find potential buys and funds that may be getting a bit pricey as sell candidates.
Neutral
Business Wire
1 month ago
Western Asset Global Corporate Opportunity Fund Inc. (NYSE: GDO) (the “Fund”) Announces Portfolio Management Team Update
NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.
Positive
Seeking Alpha
4 months ago
GDO: Now A Perpetual CEF With A New Name
Western Asset Global Corporate Defined Opportunity Fund successfully transitioned from a term CEF to a perpetual one, reducing its AUM via a tender offer. Shareholders who tendered their shares will receive NAV payment by October 7, 2024, while non-tendering shareholders will remain invested in the now perpetual fund. The fund's name changes to "Western Asset Global Corporate Opportunity Fund Inc." with a slight management fee reduction, but the ticker symbol remains "GDO".
Neutral
Business Wire
4 months ago
Western Asset Global Corporate Defined Opportunity Fund Inc. Announces Final Results of Issuer Tender Offer for Common Stock and Elimination of Term
NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.
Neutral
Business Wire
4 months ago
Western Asset Global Corporate Defined Opportunity Fund Inc. Announces Financial Position as of July 31, 2024
NEW YORK--(BUSINESS WIRE)--Category: Financials.
Neutral
Seeking Alpha
5 months ago
CEF Weekly Review: PCF Tries To Get Shareholders To Care
We review CEF market valuation and performance through the second week of August and highlight recent market action. CEFs were mixed, with MLP funds recovering while REIT funds struggled. The CEF, High Income Securities Fund, is implementing a novel strategy to get its initiatives approved by shareholders.
Neutral
Business Wire
6 months ago
Western Asset Global Corporate Defined Opportunity Fund Inc. Announces Tender Offer Details
NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.
Positive
Seeking Alpha
7 months ago
CEF Weekly Review: Western Asset Is Doing A Nuveen
We review CEF market valuation and performance through the last week of June and highlight recent market action. CEFs were mostly up on the week with MLP and Hybrid sectors leading the way. Western Asset Global Corporate Defined Opportunity Fund holding a tender offer for all shares at NAV, following Nuveen's approach.
Neutral
Business Wire
7 months ago
Western Asset Global Corporate Defined Opportunity Fund Inc. Announces Results of Special Meeting of Stockholders and Other Fund Developments
NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.
Neutral
Business Wire
8 months ago
Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE: GDO) Announces Portfolio Management Team Update
NEW YORK--(BUSINESS WIRE)--Effective June 3, 2024, the named portfolio management team responsible for the day-to-day oversight of the Fund is as follows: Michael Buchanan Christopher Kilpatrick Annabel Rudebeck Also as of June 3, 2024, Chia-Liang (CL) Lian is no longer a portfolio manager of the Fund. Data and commentary provided in this press release are for informational purposes only. Franklin Resources and its affiliates do not engage in selling shares of the Fund. For more information abo.
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