Schedule of Investments (unaudited)
August 31, 2026
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 Western Asset Global High Income Fund Inc.

(Percentages shown based on Fund net assets) 
Security
 
Rate
Maturity
Date
Face
Amount†
Value
Corporate Bonds & Notes — 95.5%
Communication Services — 14.5%
Diversified Telecommunication Services — 5.0%
Altice Financing SA, Senior Secured Notes
5.000%
1/15/28
1,880,000
 
 $1,145,066
 (a)(b)
Altice Financing SA, Senior Secured Notes
5.750%
8/15/29
960,000
 
583,240
 (a)(b)
Altice France Lux 3/Altice Holdings 1, Senior Notes
10.000%
1/15/33
324,000
 
316,011
 (a)
Altice France SA, Senior Secured Notes
9.500%
11/1/29
861,070
 
873,090
 (a)
Altice France SA, Senior Secured Notes
6.875%
10/15/30
160,061
 
156,909
 (a)
Altice France SA, Senior Secured Notes
6.875%
7/15/32
571,647
 
561,113
 (a)
British Telecommunications Ltd., Senior Notes
9.625%
12/15/30
60,000
 
70,036
 (b)
Galaxy Helios Data Centers II LLC, Senior Secured Notes
9.875%
8/1/31
1,860,000
 
1,843,562
 (a)
Level 3 Financing Inc., Senior Notes
8.500%
1/15/36
1,240,000
 
1,297,680
 (a)(b)
Turk Telekomunikasyon AS, Senior Notes
7.375%
5/20/29
1,090,000
 
1,107,687
 (a)
WULF Compute LLC, Senior Secured Notes
7.750%
10/15/30
1,040,000
 
1,081,180
 (a)(b)
Yondr JK 1 LLC, Senior Secured Notes
6.875%
6/30/31
740,000
 
693,895
 (a)
Total Diversified Telecommunication Services
9,729,469
 
Entertainment — 0.8%
Discovery Global Holdings Inc., Senior Notes
5.050%
3/15/42
1,070,000
 
780,651
 
Discovery Global Holdings Inc., Senior Notes
5.141%
3/15/52
60,000
 
40,500
 
OAK-Eagle Acquireco Inc., Senior Notes
8.750%
7/1/34
170,000
 
180,530
 (a)
OAK-Eagle Acquireco Inc., Senior Secured Notes
6.250%
7/1/33
320,000
 EUR
388,913
 (a)
Pioneer Opco LLC, Senior Secured Notes
7.000%
5/15/33
210,000
 
213,916
 (a)
Total Entertainment
1,604,510
 
Media — 6.2%
CCO Holdings LLC/CCO Holdings Capital Corp., Senior Notes
7.375%
2/1/36
2,520,000
 
2,438,098
 (a)(b)
Charter Communications Operating LLC/Charter
Communications Operating Capital Corp., Senior Secured
Notes
3.700%
4/1/51
500,000
 
299,020
 
Charter Communications Operating LLC/Charter
Communications Operating Capital Corp., Senior Secured
Notes
3.850%
4/1/61
2,830,000
 
1,584,165
 (b)
Clear Channel Outdoor Holdings Inc., Senior Secured Notes
7.125%
2/15/31
630,000
 
650,129
 (a)
DirecTV Financing LLC/DirecTV Financing Co-Obligor Inc.,
Senior Secured Notes
10.000%
2/15/31
590,000
 
624,706
 (a)(b)
DirecTV Financing LLC/DirecTV Financing Co-Obligor Inc.,
Senior Secured Notes
9.250%
6/1/32
1,490,000
 
1,556,305
 (a)(b)
EchoStar Corp., Senior Secured Notes
10.750%
11/30/29
2,365,000
 
2,557,292
 (b)
Getty Images Inc., Senior Secured Notes
11.250%
2/21/30
90,000
 
66,338
 (a)
Gray Media Inc., Senior Secured Notes
7.500%
9/15/34
780,000
 
779,596
 (a)
Nexstar Media Inc., Senior Secured Notes
6.500%
9/15/33
810,000
 
814,065
 (a)
Versant Media Group Inc., Senior Secured Notes
7.250%
1/30/31
550,000
 
570,685
 (a)(b)
Total Media
11,940,399
 
Wireless Telecommunication Services — 2.5%
CSC Holdings LLC, Senior Notes
11.250%
5/15/28
480,000
 
267,932
 (a)
CSC Holdings LLC, Senior Notes
11.750%
1/31/29
450,000
 
249,728
 (a)
CSC Holdings LLC, Senior Notes
4.125%
12/1/30
2,210,000
 
1,167,435
 (a)
Sprint Capital Corp., Senior Notes
6.875%
11/15/28
560,000
 
583,671
 (b)
Sprint Capital Corp., Senior Notes
8.750%
3/15/32
1,160,000
 
1,345,427
 (b)
See Notes to Schedule of Investments.
1
Western Asset Global High Income Fund Inc. 2026 Quarterly Report
Schedule of Investments (unaudited) (cont’d)
August 31, 2026
 Western Asset Global High Income Fund Inc.
(Percentages shown based on Fund net assets)
Security
 
Rate
Maturity
Date
Face
Amount†
Value
Wireless Telecommunication Services — continued
Vmed O2 UK Financing I PLC, Senior Secured Notes
4.250%
1/31/31
230,000
 
 $186,524
 (a)
Vmed O2 UK Financing I PLC, Senior Secured Notes
4.500%
7/15/31
450,000
 GBP
501,110
 (a)
Vmed O2 UK Financing I PLC, Senior Secured Notes
4.750%
7/15/31
530,000
 
430,404
 (a)
Total Wireless Telecommunication Services
4,732,231
 
 
Total Communication Services
28,006,609
Consumer Discretionary — 16.6%
Automobile Components — 2.7%
American Axle & Manufacturing Inc., Senior Notes
7.750%
10/15/33
1,010,000
 
1,015,270
 (a)(b)
Clarios Global LP/Clarios US Finance Co., Senior Secured
Notes
6.750%
2/15/30
730,000
 
750,893
 (a)
Garrett Motion Holdings Inc./Garrett LX I Sarl, Senior Notes
7.750%
5/31/32
360,000
 
374,730
 (a)
JB Poindexter & Co. Inc., Senior Notes
8.750%
12/15/31
1,150,000
 
1,188,530
 (a)(b)
ZF North America Capital Inc., Senior Notes
7.500%
3/24/31
720,000
 
738,664
 (a)(b)
ZF North America Capital Inc., Senior Notes
6.875%
4/23/32
1,090,000
 
1,093,205
 (a)(b)
Total Automobile Components
5,161,292
 
Automobiles — 2.3%
Ford Motor Co., Senior Notes
3.250%
2/12/32
220,000
 
192,502
 (b)
Ford Motor Credit Co. LLC, Senior Notes
7.350%
3/6/30
500,000
 
525,651
 (b)
Nissan Motor Co. Ltd., Senior Notes
4.810%
9/17/30
770,000
 
717,639
 (a)(b)
PM General Purchaser LLC, Senior Secured Notes
9.500%
10/1/28
3,900,000
 
3,056,625
 (a)(b)
Total Automobiles
4,492,417
 
Broadline Retail — 0.9%
Marks & Spencer PLC, Senior Notes
7.125%
12/1/37
1,120,000
 
1,196,505
 (a)(b)
Prosus NV, Senior Notes
4.193%
1/19/32
500,000
 
471,268
 (c)
Total Broadline Retail
1,667,773
 
Hotels, Restaurants & Leisure — 6.3%
Carnival Ltd., Senior Notes
1.000%
10/28/29
2,760,000
 EUR
2,963,261
 
Full House Resorts Inc., Senior Secured Notes
8.250%
2/15/28
1,660,000
 
1,573,145
 (a)(b)
Gaia Purchaser Inc., Senior Secured Notes
7.625%
7/15/33
380,000
 
388,211
 (a)
Melco Resorts Finance Ltd., Senior Notes
5.375%
12/4/29
530,000
 
515,446
 (a)(b)
Melco Resorts Finance Ltd., Senior Notes
6.500%
9/24/33
470,000
 
456,675
 (a)
NCL Corp. Ltd., Senior Notes
6.250%
9/15/33
190,000
 
177,839
 (a)
NCL Finance Ltd., Senior Notes
6.125%
3/15/28
1,410,000
 
1,422,718
 (a)(b)
Rivers Enterprise Borrower LLC, Senior Secured Notes
6.250%
10/15/30
980,000
 
993,724
 (a)(b)
Sands China Ltd., Senior Notes
2.850%
3/8/29
680,000
 
644,440
 (b)
Viking Ocean Cruises Ship VII Ltd., Senior Secured Notes
5.625%
2/15/29
764,000
 
765,858
 (a)(b)
Wynn Macau Ltd., Senior Notes
5.625%
8/26/28
850,000
 
847,030
 (a)(b)
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.,
Senior Notes
5.125%
10/1/29
1,030,000
 
1,025,960
 (a)(b)
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.,
Senior Notes
7.125%
2/15/31
360,000
 
378,150
 (a)(b)
Total Hotels, Restaurants & Leisure
12,152,457
 
Household Durables — 0.4%
Dream Finders Homes Inc., Senior Notes
6.875%
9/15/30
400,000
 
393,272
 (a)
Newell Brands Inc., Senior Notes
8.500%
6/1/28
400,000
 
417,205
 (a)
Total Household Durables
810,477
 
See Notes to Schedule of Investments.
2
Western Asset Global High Income Fund Inc. 2026 Quarterly Report
 Western Asset Global High Income Fund Inc.
(Percentages shown based on Fund net assets)
Security
 
Rate
Maturity
Date
Face
Amount†
Value
 
Specialty Retail — 4.0%
Gee Automotive Holdings LLC, Senior Notes
7.250%
3/1/31
680,000
 
 $686,889
 (a)(b)
Global Auto Holdings Ltd./AAG FH UK Ltd., Senior Notes
11.500%
8/15/29
1,070,000
 
1,133,093
 (a)(b)
Global Auto Holdings Ltd./AAG FH UK Ltd., Senior Notes
8.750%
1/15/32
200,000
 
196,255
 (a)
Michaels Cos. Inc., Secured Notes
11.000%
3/15/34
3,050,000
 
2,962,768
 (a)(b)
Petco Health & Wellness Co. Inc., Senior Secured Notes
8.250%
2/1/31
700,000
 
711,632
 (a)(b)
PetSmart LLC/PetSmart Finance Corp., Senior Notes
10.000%
9/15/33
690,000
 
689,575
 (a)
Sally Holdings LLC/Sally Capital Inc., Senior Notes
6.750%
4/1/32
560,000
 
572,990
 (b)
Upbound Group Inc., Senior Notes
6.375%
2/15/29
720,000
 
717,104
 (a)(b)
Total Specialty Retail
7,670,306
 
 
Total Consumer Discretionary
31,954,722
Consumer Staples — 1.4%
Beverages — 0.6%
Central American Bottling Corp./CBC Bottling Holdco
SL/Beliv Holdco SL, Senior Notes
5.250%
4/27/29
1,250,000
 
1,228,463
 (a)(b)
Food Products — 0.8%
Grupo Nutresa SA, Senior Notes
8.000%
5/12/30
710,000
 
750,499
 (a)
TKC Holdings Inc., Senior Secured Notes
8.500%
8/15/30
740,000
 
771,706
 (a)(b)
Total Food Products
1,522,205
 
 
Total Consumer Staples
2,750,668
Energy — 18.1%
Energy Equipment & Services — 1.7%
Beusa Investments LLC, Senior Notes
7.000%
8/1/31
670,000
 
671,208
 (a)(b)
Nabors Industries Inc., Senior Notes
8.875%
8/15/31
960,000
 
1,004,955
 (a)(b)
Oceaneering International Inc., Senior Notes
6.875%
7/15/34
520,000
 
536,938
 (a)
WBI Operating LLC, Senior Notes
6.500%
10/15/33
580,000
 
582,114
 (a)
Yinson Boronia Production BV, Senior Secured Notes
8.947%
7/31/42
480,060
 
529,479
 (a)
Total Energy Equipment & Services
3,324,694
 
Oil, Gas & Consumable Fuels — 16.4%
Chord Energy Corp., Senior Notes
6.000%
10/1/30
400,000
 
404,922
 (a)(b)
Chord Energy Corp., Senior Notes
6.750%
3/15/33
860,000
 
879,777
 (a)(b)
Continental Resources Inc., Senior Notes
4.375%
1/15/28
790,000
 
784,274
 (b)
Continental Resources Inc., Senior Notes
4.900%
6/1/44
300,000
 
241,989
 (b)
Crescent Energy Finance LLC, Senior Notes
7.375%
1/15/33
360,000
 
367,848
 (a)
Crescent Energy Finance LLC, Senior Notes
8.375%
1/15/34
1,010,000
 
1,066,414
 (a)(b)
Ecopetrol SA, Senior Notes
5.875%
5/28/45
1,860,000
 
1,506,712
 (b)(d)
Energy Transfer LP, Junior Subordinated Notes (6.625% to
2/15/28 then 3 mo. Term SOFR + 4.417%)
6.625%
2/15/28
680,000
 
684,572
 (b)(e)(f)
Granite Ridge Resources Inc., Senior Notes
8.875%
11/5/29
1,760,000
 
1,724,319
 (a)(b)
Howard Midstream Energy Partners LLC, Senior Notes
6.625%
1/15/34
670,000
 
676,057
 (a)(b)
KazMunayGas National Co. JSC, Senior Notes
3.500%
4/14/33
500,000
 
448,300
 (a)(b)
Kinder Morgan Inc., Senior Notes
7.750%
1/15/32
1,390,000
 
1,554,442
 (b)
New Generation Gas Gathering LLC, Senior Secured Notes (3
mo. Term SOFR + 5.750%)
9.501%
9/30/29
375,906
 
378,446
 (a)(f)(g)(h)
NGPL PipeCo LLC, Senior Notes
7.768%
12/15/37
1,430,000
 
1,615,259
 (a)(b)
Northern Oil & Gas Inc., Senior Notes
7.875%
10/15/33
680,000
 
699,882
 (a)(b)
Occidental Petroleum Corp., Senior Notes
6.200%
3/15/40
310,000
 
315,029
 (b)
See Notes to Schedule of Investments.
3
Western Asset Global High Income Fund Inc. 2026 Quarterly Report
Schedule of Investments (unaudited) (cont’d)
August 31, 2026
 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
Petrobras Global Finance BV, Senior Notes
6.750%
1/27/41
2,910,000
 
 $2,873,883
 (b)
Petroleos del Peru SA, Senior Notes
4.750%
6/19/32
650,000
 
564,528
 (a)
Petroleos del Peru SA, Senior Notes
5.625%
6/19/47
1,500,000
 
1,106,753
 (a)
Petroleos Mexicanos, Senior Notes
6.500%
6/2/41
250,000
 
219,757
 
Petroleos Mexicanos, Senior Notes
6.375%
1/23/45
3,022,000
 
2,526,357
 (b)
Rockies Express Pipeline LLC, Senior Notes
6.750%
3/15/33
250,000
 
255,102
 (a)
Rockies Express Pipeline LLC, Senior Notes
6.875%
4/15/40
330,000
 
329,934
 (a)(b)
Saturn Oil & Gas Inc., Senior Notes
8.500%
7/30/31
1,150,000
 
1,194,420
 (a)
Summit Midstream Holdings LLC, Senior Secured Notes
8.625%
10/31/29
320,000
 
333,624
 (a)
Sunoco LP, Junior Subordinated Notes (7.875% to 9/18/30
then 5 year Treasury Constant Maturity Rate + 4.230%)
7.875%
9/18/30
1,485,000
 
1,532,131
 (a)(b)(e)(f)
Venture Global LNG Inc., Junior Subordinated Notes (9.000%
to 9/30/29 then 5 year Treasury Constant Maturity Rate +
5.440%)
9.000%
9/30/29
2,590,000
 
2,626,665
 (a)(b)(e)(f)
Venture Global Plaquemines LNG LLC, Senior Secured Notes
6.500%
6/15/34
470,000
 
486,227
 (a)
Venture Global Plaquemines LNG LLC, Senior Secured Notes
7.750%
5/1/35
500,000
 
556,322
 (a)(b)
Venture Global Plaquemines LNG LLC, Senior Secured Notes
6.750%
1/15/36
310,000
 
326,481
 (a)
Vermilion Energy Inc., Senior Notes
6.875%
5/1/30
570,000
 
574,029
 (a)(b)
Western Midstream Operating LP, Senior Notes
5.300%
3/1/48
500,000
 
426,085
 (b)
Williams Cos. Inc., Senior Notes
7.500%
1/15/31
340,000
 
373,603
 (b)
Williams Cos. Inc., Senior Notes
8.750%
3/15/32
486,000
 
566,787
 (b)
Williams Cos. Inc., Senior Notes
5.750%
6/24/44
1,510,000
 
1,441,433
 (d)
Total Oil, Gas & Consumable Fuels
31,662,363
 
 
Total Energy
34,987,057
Financials — 11.7%
Banks — 4.6%
Banco Santander SA, Junior Subordinated Notes (7.250% to
6/3/36 then 5 year Treasury Constant Maturity Rate +
2.837%)
7.250%
12/3/35
1,400,000
 
1,410,067
 (b)(e)(f)
BNP Paribas SA, Junior Subordinated Notes (7.200% to
4/17/36 then 5 year Treasury Constant Maturity Rate +
2.942%)
7.200%
4/17/36
400,000
 
395,085
 (a)(e)(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
 
1,464,134
 (a)(b)(e)(f)
Citigroup Inc., Junior Subordinated Notes (6.875% to 8/15/30
then 5 year Treasury Constant Maturity Rate + 2.890%)
6.875%
8/15/30
260,000
 
263,625
 (e)(f)
HSBC Holdings PLC, Junior Subordinated Notes (6.750% to
5/18/33 then 5 year Treasury Constant Maturity Rate +
2.513%)
6.750%
11/18/32
1,410,000
 
1,399,784
 (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
 
1,064,012
 (b)(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
 
2,505,923
 (b)(e)(f)
Ueno Bank SA, Senior Notes
6.700%
3/6/31
470,000
 
447,322
 (a)
Total Banks
8,949,952
 
See Notes to Schedule of Investments.
4
Western Asset Global High Income Fund Inc. 2026 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 — 1.2%
Credit Suisse AG AT1 Claim
—
—
4,900,000
 
 $0
 *(g)(h)(i)
Goldman Sachs Group Inc., Junior Subordinated Notes
(6.500% to 8/10/31 then 5 year Treasury Constant Maturity
Rate + 2.175%)
6.500%
8/10/31
250,000
 
248,934
 (e)(f)
StoneX Escrow Issuer LLC, Secured Notes
6.875%
7/15/32
340,000
 
345,915
 (a)
StoneX Group Inc., Secured Notes
7.875%
3/1/31
330,000
 
343,734
 (a)
UBS Group AG, Junior Subordinated Notes (7.000% to
8/10/30 then USD 5 year SOFR ICE Swap Rate + 3.077%)
7.000%
2/10/30
600,000
 
611,564
 (a)(e)(f)
UBS Group AG, Junior Subordinated Notes (7.125% to
2/10/35 then USD 5 year SOFR ICE Swap Rate + 3.179%)
7.125%
8/10/34
260,000
 
261,949
 (a)(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
 
535,135
 (a)(e)(f)
Total Capital Markets
2,347,231
 
Consumer Finance — 0.5%
Midcap Financial Issuer Trust, Junior Subordinated Notes (3
mo. Term SOFR + 3.750%)
7.503%
1/15/56
1,020,000
 
1,024,104
 (a)(f)
Financial Services — 3.2%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust,
Senior Notes
3.400%
10/29/33
4,000,000
 
3,492,568
 (d)
Capstone Borrower Inc., Senior Secured Notes
8.000%
6/15/30
310,000
 
302,571
 (a)
Rocket Cos. Inc., Senior Notes
6.500%
6/15/34
670,000
 
681,048
 (a)(b)
VFH Parent LLC/Valor Co-Issuer Inc., Senior Secured Notes
7.500%
6/15/31
390,000
 
403,811
 (a)(b)
VistaJet Malta Finance PLC/Vista Management Holding Inc.,
Senior Notes
6.375%
2/1/30
930,000
 
899,352
 (a)(b)
VistaJet Malta Finance PLC/Vista Management Holding Inc.,
Senior Notes
8.750%
1/15/32
290,000
 
294,532
 (a)
Total Financial Services
6,073,882
 
Insurance — 1.3%
Acrisure LLC/Acrisure Finance Inc., Senior Secured Notes
6.750%
7/1/32
280,000
 
239,276
 (a)
APH Somerset Investor 2 LLC/APH2 Somerset Investor 2
LLC/APH3 Somerset Investor 2 LLC, Senior Notes
7.875%
11/1/29
920,000
 
910,340
 (a)
Asurion LLC/Asurion Co-Issuer Inc., Senior Secured Notes
8.000%
12/31/32
1,350,000
 
1,344,106
 (a)(b)
Total Insurance
2,493,722
 
Mortgage Real Estate Investment Trusts (REITs) — 0.9%
Arbor Realty SR Inc., Senior Notes
8.500%
12/15/28
1,080,000
 
1,073,107
 (a)(b)
Starwood Property Trust Inc., Senior Notes
7.250%
4/1/29
670,000
 
691,249
 (a)(b)
Total Mortgage Real Estate Investment Trusts (REITs)
1,764,356
 
 
Total Financials
22,653,247
Health Care — 6.4%
Health Care Providers & Services — 3.1%
CHS/Community Health Systems Inc., Secured Notes
6.875%
4/15/29
1,300,000
 
1,248,365
 (a)(b)
CHS/Community Health Systems Inc., Secured Notes
6.125%
4/1/30
310,000
 
265,234
 (a)
CHS/Community Health Systems Inc., Senior Secured Notes
10.875%
1/15/32
1,810,000
 
1,922,886
 (a)
LifePoint Health Inc., Senior Secured Notes
7.000%
5/1/34
1,410,000
 
1,326,646
 (a)(b)
Sotera Health Holdings LLC, Senior Secured Notes
7.375%
6/1/31
630,000
 
656,174
 (a)(b)
See Notes to Schedule of Investments.
5
Western Asset Global High Income Fund Inc. 2026 Quarterly Report
Schedule of Investments (unaudited) (cont’d)
August 31, 2026
 Western Asset Global High Income Fund Inc.
(Percentages shown based on Fund net assets)
Security
 
Rate
Maturity
Date
Face
Amount†
Value
 
Health Care Providers & Services — continued
TEAM Services Holding Inc., Senior Secured Notes
9.000%
2/15/33
640,000
 
 $668,229
 (a)(b)
Total Health Care Providers & Services
6,087,534
 
Pharmaceuticals — 3.3%
1261229 BC Ltd., Senior Secured Notes
10.000%
4/15/32
2,056,000
 
2,141,633
 (a)(b)
Bausch Health Americas Inc., Senior Notes
8.500%
1/31/27
460,000
 
459,802
 (a)(b)
Bausch Health Cos. Inc., Senior Notes
6.250%
2/15/29
160,000
 
132,200
 (a)
Bausch Health Cos. Inc., Senior Secured Notes
4.875%
6/1/28
249,000
 
237,639
 (a)
Gainwell Acquisition Corp., Senior Secured Notes
9.000%
9/1/31
490,000
 
510,708
 (a)
Teva Pharmaceutical Finance Netherlands III BV, Senior
Notes
3.150%
10/1/26
700,000
 
699,059
 (b)
Teva Pharmaceutical Finance Netherlands III BV, Senior
Notes
6.000%
12/1/32
2,060,000
 
2,109,401
 (b)
Total Pharmaceuticals
6,290,442
 
 
Total Health Care
12,377,976
Industrials — 10.0%
Aerospace & Defense — 0.2%
Bombardier Inc., Senior Notes
7.000%
6/1/32
310,000
 
320,763
 (a)
Air Freight & Logistics — 0.5%
GB AIT Buyer Inc., Senior Notes
8.750%
4/30/34
860,000
 
876,430
 (a)
Building Products — 0.6%
Masterbrand Inc., Senior Notes
7.000%
7/15/32
210,000
 
210,047
 (a)
Quikrete Holdings Inc., Senior Secured Notes
6.375%
3/1/32
960,000
 
972,422
 (a)(b)
Total Building Products
1,182,469
 
Commercial Services & Supplies — 3.3%
CoreCivic Inc., Senior Notes
8.250%
4/15/29
1,380,000
 
1,433,098
 (b)
GEO Group Inc., Senior Notes
10.250%
4/15/31
1,350,000
 
1,453,008
 (b)
GEO Group Inc., Senior Secured Notes
8.625%
4/15/29
330,000
 
343,339
 
Neptune Bidco US Inc., Senior Secured Notes
10.375%
5/15/31
580,000
 
609,864
 (a)(b)
Neptune Bidco US Inc., Senior Secured Notes
9.500%
2/15/33
950,000
 
976,591
 (a)(b)
RR Donnelley & Sons Co., Senior Secured Notes
9.500%
8/1/29
1,420,000
 
1,480,645
 (a)(b)
Total Commercial Services & Supplies
6,296,545
 
Construction & Engineering — 1.1%
ATP Tower Holdings/Andean Telecom Partners Chile SpA/
Andean Tower Partners Colombia SAS, Senior Secured Notes
7.875%
2/3/30
750,000
 
768,750
 (a)(b)
Tutor Perini Corp., Senior Notes
6.625%
7/15/33
1,430,000
 
1,443,373
 (a)
Total Construction & Engineering
2,212,123
 
Ground Transportation — 0.5%
Carriage Purchaser Inc., Senior Notes
7.875%
10/15/29
980,000
 
982,387
 (a)(b)
Industrial Conglomerates — 0.2%
Sigma Foods SAB de CV, Senior Notes
6.875%
3/25/44
400,000
 
415,865
 (a)
Machinery — 0.4%
Park-Ohio Industries Inc., Senior Secured Notes
8.500%
8/1/30
710,000
 
749,126
 (a)(b)
Passenger Airlines — 0.9%
American Airlines Inc., Senior Secured Notes
7.250%
2/15/28
1,810,000
 
1,828,477
 (a)(b)
Trading Companies & Distributors — 2.3%
ADI Global Distribution Funding LLC, Senior Notes
7.125%
7/15/34
320,000
 
330,883
 (a)
See Notes to Schedule of Investments.
6
Western Asset Global High Income Fund Inc. 2026 Quarterly Report
 Western Asset Global High Income Fund Inc.
(Percentages shown based on Fund net assets)
Security
 
Rate
Maturity
Date
Face
Amount†
Value
 
Trading Companies & Distributors — continued
EquipmentShare.com Inc., Secured Notes
8.625%
5/15/32
710,000
 
 $739,189
 (a)(b)
EquipmentShare.com Inc., Secured Notes
8.000%
3/15/33
780,000
 
800,933
 (a)(b)
EquipmentShare.com Inc., Secured Notes
7.125%
7/1/34
1,340,000
 
1,320,440
 (a)(b)
Herc Holdings Inc., Senior Notes
7.000%
6/15/30
150,000
 
155,283
 (a)
Herc Holdings Inc., Senior Notes
7.250%
6/15/33
530,000
 
548,558
 (a)(b)
QXO Building Products Inc., Senior Notes
6.875%
7/15/34
560,000
 
566,949
 (a)
Total Trading Companies & Distributors
4,462,235
 
 
Total Industrials
19,326,420
Information Technology — 6.2%
Communications Equipment — 0.9%
Connect Finco SARL/Connect US Finco LLC, Senior Secured
Notes
9.000%
9/15/29
1,640,000
 
1,717,034
 (a)(b)
IT Services — 3.0%
APLD ComputeCo 3 LLC, Senior Secured Notes
7.000%
6/15/31
1,020,000
 
983,332
 (a)(b)
APLD ComputeCo LLC, Senior Secured Notes
9.250%
12/15/30
1,300,000
 
1,371,938
 (a)(b)
Core Scientific Finance I LLC, Senior Secured Notes
7.750%
5/15/31
1,770,000
 
1,718,533
 (a)(b)
CoreWeave Inc., Senior Notes
9.000%
2/1/31
1,530,000
 
1,374,309
 (a)
Shift4 Payments LLC/Shift4 Payments Finance Sub Inc.,
Senior Notes
5.500%
5/15/33
250,000
 EUR
285,512
 (a)
Total IT Services
5,733,624
 
Semiconductors & Semiconductor Equipment — 0.4%
Qnity Electronics Inc., Senior Notes
6.250%
8/15/33
700,000
 
705,495
 (a)(b)
Software — 1.8%
Cloud Software Group LLC, Secured Notes
9.000%
9/30/29
410,000
 
411,432
 (a)(b)
Cloud Software Group LLC, Senior Secured Notes
8.250%
6/30/32
870,000
 
852,640
 (a)(b)
Cloud Software Group LLC, Senior Secured Notes
6.625%
8/15/33
510,000
 
462,869
 (a)(b)
Fair Isaac Corp., Senior Notes
6.250%
9/15/34
640,000
 
626,689
 (a)(b)
Gen Digital Inc., Senior Notes
6.250%
4/1/33
430,000
 
430,162
 (a)(b)
Oracle Corp., Senior Notes
6.000%
8/3/55
820,000
 
661,014
 (b)
Total Software
3,444,806
 
Technology Hardware, Storage & Peripherals — 0.1%
Black Pearl Compute LLC, Senior Secured Notes
6.125%
2/15/31
270,000
 
270,511
 (a)
 
Total Information Technology
11,871,470
Materials — 6.2%
Chemicals — 1.3%
ARC Falcon I Inc./Arclin USA LLC/New Arclin US Holding
Corp., Senior Secured Notes
9.750%
3/1/33
1,440,000
 
1,444,620
 (a)(b)
Celanese US Holdings LLC, Senior Notes
7.000%
2/15/31
310,000
 
318,813
 
Cerdia Finanz GmbH, Senior Secured Notes
9.375%
10/3/31
210,000
 
190,758
 (a)
Orbia Advance Corp. SAB de CV, Senior Notes
5.875%
9/17/44
700,000
 
558,246
 (a)(b)
Total Chemicals
2,512,437
 
Metals & Mining — 4.9%
ArcelorMittal SA, Senior Notes
7.000%
10/15/39
1,140,000
 
1,238,396
 (d)
First Quantum Minerals Ltd., Senior Notes
8.625%
6/1/31
2,260,000
 
2,353,612
 (a)(b)
First Quantum Minerals Ltd., Senior Notes
8.000%
3/1/33
2,500,000
 
2,609,262
 (a)(b)
First Quantum Minerals Ltd., Senior Notes
7.250%
2/15/34
590,000
 
605,885
 (a)
See Notes to Schedule of Investments.
7
Western Asset Global High Income Fund Inc. 2026 Quarterly Report
Schedule of Investments (unaudited) (cont’d)
August 31, 2026
 Western Asset Global High Income Fund Inc.
(Percentages shown based on Fund net assets)
Security
 
Rate
Maturity
Date
Face
Amount†
Value
 
Metals & Mining — continued
First Quantum Minerals Ltd., Senior Notes
6.375%
2/15/36
200,000
 
 $195,142
 (a)
Southern Copper Corp., Senior Notes
5.250%
11/8/42
1,620,000
 
1,494,623
 (d)
Teck Resources Ltd., Senior Notes
6.000%
8/15/40
460,000
 
448,026
 (b)
WS Escrow LLC, Senior Secured Notes
7.750%
6/1/33
430,000
 
447,980
 (a)
Total Metals & Mining
9,392,926
 
 
Total Materials
11,905,363
Real Estate — 2.7%
Diversified REITs — 0.9%
MPT Operating Partnership LP/MPT Finance Corp., Senior
Notes
5.000%
10/15/27
350,000
 
344,040
 
MPT Operating Partnership LP/MPT Finance Corp., Senior
Notes
3.692%
6/5/28
110,000
 GBP
125,214
 
MPT Operating Partnership LP/MPT Finance Corp., Senior
Notes
4.625%
8/1/29
300,000
 
229,322
 
Uniti Group LP/Uniti Group Finance Inc./CSL Capital LLC,
Senior Notes
8.625%
6/15/32
950,000
 
977,046
 (a)(b)
Total Diversified REITs
1,675,622
 
Health Care REITs — 0.4%
Diversified Healthcare Trust, Senior Notes
4.375%
3/1/31
140,000
 
127,998
 
Diversified Healthcare Trust, Senior Secured Notes
7.250%
10/15/30
600,000
 
615,412
 (a)(b)
Total Health Care REITs
743,410
 
Real Estate Management & Development — 0.4%
Add Hero Holdings Ltd., Senior Secured Notes
8.500%
9/30/29
108,284
 
596
 *(c)(j)(k)
Add Hero Holdings Ltd., Senior Secured Notes
9.000%
9/30/30
88,190
 
485
 *(c)(j)(k)
Add Hero Holdings Ltd., Senior Secured Notes
9.800%
9/30/31
116,412
 
640
 *(c)(j)(k)
China Aoyuan Group Ltd., Senior Notes, Step bond (0.000%
to 9/30/31 then 1.000%)
0.000%
3/30/2173
152,810
 
1,146
 (c)(e)
China Aoyuan Group Ltd., Senior Secured Notes (5.500% PIK)
5.500%
9/30/31
43,750
 
328
 (c)(k)
Country Garden Holdings Co. Ltd., Senior Secured Notes
(2.500% Cash or 5.000% PIK)
5.000%
12/31/32
147,897
 
16,716
 (c)(k)
Five Point Operating Co. LP, Senior Notes
8.000%
10/1/30
790,000
 
811,815
 (a)(b)
Total Real Estate Management & Development
831,726
 
Specialized REITs — 1.0%
Iron Mountain Inc., Senior Notes
7.000%
2/15/29
260,000
 
264,780
 (a)(b)
Meridian Arc Holdco LLC, Senior Secured Notes
6.250%
4/30/31
360,000
 
342,483
 (a)
Millrose Properties Inc., Senior Notes
6.375%
8/1/30
1,140,000
 
1,156,861
 (a)(b)
Millrose Properties Inc., Senior Notes
6.250%
9/15/32
220,000
 
220,950
 (a)
Total Specialized REITs
1,985,074
 
 
Total Real Estate
5,235,832
Utilities — 1.7%
Electric Utilities — 1.7%
Comision Federal de Electricidad, Senior Notes
3.348%
2/9/31
600,000
 
543,290
 (a)(b)
Eskom Holdings, Senior Notes
4.314%
7/23/27
980,000
 
973,072
 (c)
NRG Energy Inc., Senior Notes
6.000%
1/15/36
1,410,000
 
1,371,778
 (a)(b)
Talen Energy Supply LLC, Senior Notes
6.500%
2/1/36
460,000
 
451,676
 (a)(b)
 
Total Utilities
3,339,816
Total Corporate Bonds & Notes (Cost — $177,187,211)
184,409,180
See Notes to Schedule of Investments.
8
Western Asset Global High Income Fund Inc. 2026 Quarterly Report
 Western Asset Global High Income Fund Inc.
(Percentages shown based on Fund net assets)
Security
 
Rate
Maturity
Date
Face
Amount†
Value
 
Sovereign Bonds — 20.9%
Angola — 1.2%
Angolan Government International Bond, Senior Notes
8.250%
5/9/28
500,000
 
 $517,612
 (a)
Angolan Government International Bond, Senior Notes
8.000%
11/26/29
1,430,000
 
1,461,846
 (a)
Angolan Government International Bond, Senior Notes
9.875%
3/31/37
280,000
 
290,635
 (a)
Total Angola
2,270,093
Argentina — 1.5%
Provincia de Buenos Aires, Senior Notes
6.625%
9/1/37
1,832,722
 
1,468,926
 (a)
Provincia de Cordoba, Senior Notes
6.875%
2/1/29
1,370,000
 
1,342,600
 (a)
Total Argentina
2,811,526
Bahamas — 0.8%
Bahamas Government International Bond, Senior Notes
6.000%
11/21/28
1,000,000
 
1,003,500
 (a)
Bahamas Government International Bond, Senior Notes
9.000%
6/16/29
425,000
 
456,875
 (a)
Total Bahamas
1,460,375
Benin — 0.6%
 
Benin Government International Bond, Senior Notes
7.960%
2/13/38
1,100,000
 
1,165,319
 (a)
Brazil — 0.2%
 
Brazilian Government International Bond, Senior Notes
5.625%
1/7/41
500,000
 
451,650
 
Chile — 0.2%
 
Chile Government International Bond, Senior Notes
3.100%
5/7/41
500,000
 
368,375
 
Colombia — 0.7%
 
Colombia Government International Bond, Senior Notes
4.125%
2/22/42
1,860,000
 
1,378,260
 
Costa Rica — 0.3%
 
Costa Rica Government International Bond, Senior Notes
7.158%
3/12/45
500,000
 
533,985
 (a)
Dominican Republic — 1.2%
Dominican Republic International Bond, Senior Notes
4.500%
1/30/30
620,000
 
599,385
 (a)
Dominican Republic International Bond, Senior Notes
4.875%
9/23/32
1,910,000
 
1,804,950
 (a)
Total Dominican Republic
2,404,335
Ecuador — 0.7%
Ecuador Government International Bond, Senior Notes
8.750%
1/29/34
230,000
 
230,000
 (a)
Ecuador Government International Bond, Senior Notes
6.900%
7/31/35
389,403
 
357,083
 (c)
Ecuador Government International Bond, Senior Notes
9.250%
1/29/39
290,000
 
293,190
 (a)
Ecuador Government International Bond, Senior Notes, Step
bond (5.500% to 7/31/27 then 6.000%)
5.500%
7/31/40
480,000
 
393,600
 (a)
Total Ecuador
1,273,873
Egypt — 1.2%
 
Egypt Government International Bond, Senior Notes
7.625%
5/29/32
2,280,000
 
2,340,750
 (c)
Ghana — 0.3%
 
Ghana Government International Bond, Senior Notes, Step
bond (5.000% to 7/3/28 then 6.000%)
5.000%
7/3/35
600,000
 
559,232
 (a)
Guatemala — 0.5%
 
Guatemala Government Bond, Senior Notes
4.650%
10/7/41
1,100,000
 
936,601
 (a)
Ivory Coast — 1.1%
Ivory Coast Government International Bond, Senior Notes
6.125%
6/15/33
1,500,000
 
1,488,706
 (a)
Ivory Coast Government International Bond, Senior Notes
6.750%
2/25/41
700,000
 
664,930
 (a)
Total Ivory Coast
2,153,636
See Notes to Schedule of Investments.
9
Western Asset Global High Income Fund Inc. 2026 Quarterly Report
Schedule of Investments (unaudited) (cont’d)
August 31, 2026
 Western Asset Global High Income Fund Inc.
(Percentages shown based on Fund net assets)
Security
 
Rate
Maturity
Date
Face
Amount†
Value
 
Jamaica — 0.3%
 
Jamaica Government International Bond, Senior Notes
8.000%
3/15/39
500,000
 
 $590,480
 
Jordan — 0.5%
 
Jordan Government International Bond, Senior Notes
5.850%
7/7/30
960,000
 
965,798
 (a)
Kenya — 0.5%
Republic of Kenya Government International Bond, Senior
Notes
9.750%
2/16/31
270,000
 
291,290
 (a)
Republic of Kenya Government International Bond, Senior
Notes
8.000%
5/22/32
600,000
 
613,855
 (a)
Total Kenya
905,145
Mexico — 0.9%
Mexico Government International Bond, Senior Notes
2.659%
5/24/31
1,020,000
 
899,487
 (b)
Mexico Government International Bond, Senior Notes
3.500%
2/12/34
1,000,000
 
847,000
 (b)
Total Mexico
1,746,487
Mozambique — 0.3%
 
Mozambique International Bond, Senior Notes
9.000%
9/15/31
700,000
 
644,650
 (c)
Nigeria — 1.3%
Nigeria Government International Bond, Senior Notes
7.143%
2/23/30
920,000
 
946,426
 (a)
Nigeria Government International Bond, Senior Notes
7.696%
2/23/38
1,450,000
 
1,471,435
 (c)
Total Nigeria
2,417,861
Oman — 0.7%
 
Oman Government International Bond, Senior Notes
5.625%
1/17/28
1,400,000
 
1,411,539
 (a)
Panama — 0.8%
 
Panama Government International Bond, Senior Notes
2.252%
9/29/32
1,890,000
 
1,570,590
 
Peru — 0.9%
 
Peruvian Government International Bond, Senior Notes
8.750%
11/21/33
1,404,000
 
1,676,376
 (b)
Philippines — 0.3%
 
Philippine Government International Bond, Senior Notes
3.200%
7/6/46
1,000,000
 
667,400
 
Qatar — 0.2%
 
Qatar Government International Bond, Senior Notes
3.750%
4/16/30
500,000
 
481,394
 (a)
Senegal — 0.3%
Senegal Government International Bond, Senior Notes
6.250%
5/23/33
450,000
 
227,984
 (a)
Senegal Government International Bond, Senior Notes
6.250%
5/23/33
600,000
 
303,979
 (c)
Total Senegal
531,963
South Africa — 0.6%
Republic of South Africa Government International Bond,
Senior Notes
6.125%
12/11/37
760,000
 
741,655
 (a)
Republic of South Africa Government International Bond,
Senior Notes
6.250%
3/8/41
500,000
 
474,785
 
Total South Africa
1,216,440
Turkey — 1.4%
Turkiye Government International Bond, Senior Notes
5.125%
2/17/28
2,000,000
 
1,981,447
 
Turkiye Government International Bond, Senior Notes
4.875%
4/16/43
1,000,000
 
740,988
 
Total Turkey
2,722,435
Ukraine — 0.5%
Ukraine Government International Bond, Senior Notes, Step
bond (0.000% to 2/1/27 then 3.000%)
0.000%
2/1/30
50,520
 
36,456
 (a)
See Notes to Schedule of Investments.
10
Western Asset Global High Income Fund Inc. 2026 Quarterly Report
 Western Asset Global High Income Fund Inc.
(Percentages shown based on Fund net assets)
Security
 
Rate
Maturity
Date
Face
Amount†
Value
 
Ukraine — continued
Ukraine Government International Bond, Senior Notes, Step
bond (0.000% to 2/1/27 then 3.000%)
0.000%
2/1/34
188,784
 
 $105,182
 (a)
Ukraine Government International Bond, Senior Notes, Step
bond (4.500% to 2/1/27 then 6.000%)
4.500%
2/1/34
184,969
 
127,231
 (a)
Ukraine Government International Bond, Senior Notes, Step
bond (0.000% to 2/1/27 then 3.000%)
0.000%
2/1/35
159,535
 
92,424
 (a)
Ukraine Government International Bond, Senior Notes, Step
bond (4.500% to 2/1/27 then 6.000%)
4.500%
2/1/35
323,695
 
218,810
 (a)
Ukraine Government International Bond, Senior Notes, Step
bond (0.000% to 2/1/27 then 3.000%)
0.000%
2/1/36
132,946
 
76,871
 (a)
Ukraine Government International Bond, Senior Notes, Step
bond (4.500% to 2/1/27 then 6.000%)
4.500%
2/1/36
416,179
 
278,243
 (a)
Total Ukraine
935,217
Uruguay — 0.7%
 
Uruguay Government International Bond, Senior Notes
9.750%
7/20/33
47,500,000
 UYU
1,304,968
 
Zambia — 0.2%
Zambia Government International Bond, Senior Notes, Step
bond (5.750% to 6/30/31 then 7.500%)
5.750%
6/30/33
375,942
 
369,574
 (c)
 
Total Sovereign Bonds (Cost — $36,396,848)
40,266,327
Collateralized Mortgage Obligations(l) — 9.4%
BANK5, 2024-5YR12 F
4.999%
12/15/57
200,000
 
156,978
 (f)
BFLD Commercial Mortgage Trust, 2024-UNIV E (1 mo. Term
SOFR + 3.640%)
7.279%
11/15/41
1,000,000
 
1,004,909
 (a)(f)
BWAY Mortgage Trust, 2013-1515 F
4.058%
3/10/33
400,000
 
352,013
 (a)(f)
BX Commercial Mortgage Trust, 2019-IMC E (1 mo. Term
SOFR + 2.196%)
5.835%
4/15/34
870,000
 
833,879
 (a)(f)
BX Commercial Mortgage Trust, 2025-SPOT E (1 mo. Term
SOFR + 3.690%)
7.329%
4/15/40
674,123
 
676,006
 (a)(f)
Citigroup Commercial Mortgage Trust, 2015-P1 D
3.225%
9/15/48
2,491
 
2,442
 (a)
CSMC Trust, 2017-CHOP F (PRIME + 1.294%)
8.044%
7/15/32
500,000
 
492,061
 (a)(f)
CSMC Trust, 2017-CHOP H (PRIME + 4.294%)
11.044%
7/15/32
900,000
 
853,680
 (a)(f)
Extended Stay America Trust, 2025-ESH A (1 mo. Term SOFR
+ 1.300%)
4.939%
10/15/42
191,149
 
191,726
 (a)(f)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC,
Structured Agency Credit Risk Trust, 2020-DNA1 B2 (30 Day
Average SOFR + 5.364%)
9.008%
1/25/50
750,000
 
826,327
 (a)(f)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC,
Structured Agency Credit Risk Trust, 2021-DNA3 B2 (30 Day
Average SOFR + 6.250%)
9.893%
10/25/33
570,000
 
724,961
 (a)(f)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC,
Structured Agency Credit Risk Trust, 2022-DNA2 B2 (30 Day
Average SOFR + 8.500%)
12.143%
2/25/42
1,000,000
 
1,034,161
 (a)(f)
Federal Home Loan Mortgage Corp. (FHLMC) Structured
Agency Credit Risk Trust, 2019-DNA4 B2 (30 Day Average
SOFR + 6.364%)
10.008%
10/25/49
1,000,000
 
1,104,529
 (a)(f)
Federal Home Loan Mortgage Corp. (FHLMC) Structured
Agency Credit Risk Trust, 2019-HQA3 B2 (30 Day Average
SOFR + 7.614%)
11.258%
9/25/49
830,000
 
926,028
 (a)(f)
See Notes to Schedule of Investments.
11
Western Asset Global High Income Fund Inc. 2026 Quarterly Report
Schedule of Investments (unaudited) (cont’d)
August 31, 2026
 Western Asset Global High Income Fund Inc.
(Percentages shown based on Fund net assets)
Security
 
Rate
Maturity
Date
Face
Amount†
Value
Collateralized Mortgage Obligations(l) — continued
Federal National Mortgage Association (FNMA) — CAS,
2021-R02 2B2 (30 Day Average SOFR + 6.200%)
9.843%
11/25/41
1,000,000
 
 $1,010,438
 (a)(f)
Federal National Mortgage Association (FNMA) — CAS,
2024-R01 1B2 (30 Day Average SOFR + 4.000%)
7.643%
1/25/44
800,000
 
844,593
 (a)(f)
GS Mortgage Securities Corp. II, 2024-70P E
9.263%
3/10/41
980,000
 
999,290
 (a)(f)
LHOME Mortgage Trust, 2025-RTL1 M1
7.023%
1/25/40
290,000
 
291,576
 (a)(f)
Morgan Stanley Capital I Trust, 2015-UBS8 C
4.522%
12/15/48
60,232
 
59,208
 (f)
Morgan Stanley Capital I Trust, 2016-BNK2 B
3.485%
11/15/49
530,000
 
497,261
 
Morgan Stanley Capital I Trust, 2021-230P B (1 mo. Term
SOFR + 1.563%)
5.203%
12/15/38
540,000
 
493,111
 (a)(f)
New Residential Mortgage Loan Trust, 2022-NQM4 A3
6.000%
6/25/62
498,381
 
482,135
 (a)
OBX Trust, 2025-NQM8 A3
5.826%
3/25/65
347,550
 
346,771
 (a)
SMR Mortgage Trust, 2022-IND F (1 mo. Term SOFR +
6.000%)
9.639%
2/15/39
810,000
 
815,236
 (a)(f)
SMRT, 2022-MINI F (1 mo. Term SOFR + 3.350%)
6.990%
1/15/39
700,000
 
698,360
 (a)(f)
Towd Point Mortgage Trust, 2016-4 B5
3.926%
7/25/56
1,060,000
 
796,708
 (a)(f)
UBS Commercial Mortgage Trust, 2018-C15 C
5.306%
12/15/51
345,000
 
325,934
 (f)
Verus Securitization Trust, 2023-7 B1
7.930%
10/25/68
1,000,000
 
999,054
 (a)(f)
Verus Securitization Trust, 2026-2 A2
4.844%
2/25/71
235,681
 
231,169
 (a)
 
Total Collateralized Mortgage Obligations (Cost — $17,874,694)
18,070,544
Senior Loans — 8.9%
Communication Services — 1.0%
Entertainment — 0.9%
Discovery Global Holdings Inc., Initial Dollar Term Loan (1 mo.
Term SOFR + 2.500%)
6.186%
6/3/33
931,731
 
934,787
 (f)(m)(n)
OAK-Eagle Acquireco Inc., Term Loan B1 (3 mo. Term SOFR +
3.500%)
7.251%
8/4/33
920,000
 
930,350
 (f)(m)(n)
Total Entertainment
1,865,137
Media — 0.1%
Diamond Sports Net LLC, First Lien Exit Term Loan
12.000%
1/3/28
812,979
 
153,108
 (k)(m)(n)
 
Total Communication Services
2,018,245
Consumer Discretionary — 1.7%
Automobile Components — 0.9%
ABC Technologies Inc., Term Loan B
11.936-11.982%
1/2/40
1,033,410
 
1,004,991
 (f)(g)(m)(n)
Autokiniton US Holdings Inc., 2024 Replacement Term Loan B
(1 mo. Term SOFR + 4.114%)
7.801%
4/6/28
714,380
 
715,005
 (f)(m)(n)
Total Automobile Components
1,719,996
Diversified Consumer Services — 0.2%
WW International Inc., Take-Back Term Loan (3 mo. Term
SOFR + 6.800%)
10.528%
6/24/30
682,788
 
487,770
 (f)(m)(n)
Hotels, Restaurants & Leisure — 0.3%
Catawba Nation Gaming Authority, Initial Term Loan B
—
3/29/32
490,000
 
496,355
 (o)
Specialty Retail — 0.3%
Petco Health & Wellness Co. Inc., 2026 Term Loan (3 mo.
Term SOFR + 4.250%)
7.982%
2/3/31
658,350
 
658,986
 (f)(m)(n)
 
Total Consumer Discretionary
3,363,107
See Notes to Schedule of Investments.
12
Western Asset Global High Income Fund Inc. 2026 Quarterly Report
 Western Asset Global High Income Fund Inc.
(Percentages shown based on Fund net assets)
Security
 
Rate
Maturity
Date
Face
Amount†
Value
 
Consumer Staples — 0.3%
Consumer Staples Distribution & Retail — 0.3%
Froneri International Ltd., Term Loan Facility B4 (6 mo. Term
SOFR + 2.250%)
6.204%
9/30/31
489,912
 
 $488,423
 (f)(m)(n)
 
Financials — 1.3%
Banks — 0.2%
Ascensus Group Holdings Inc., 2024 Term Loan B (1 mo. Term
SOFR + 3.000%)
6.686%
11/24/32
391,692
 
386,960
 (f)(m)(n)
Capital Markets — 0.1%
Edelman Financial Engines Center LLC, Term Loan B (1 mo.
Term SOFR + 4.000%)
7.686%
12/1/31
230,000
 
231,518
 (f)(m)(n)
Consumer Finance — 0.1%
Blackhawk Network Holdings Inc., Term Loan B2 (3 mo. Term
SOFR + 3.500%)
7.232%
3/12/29
235,230
 
234,201
 (f)(m)(n)
Financial Services — 0.3%
Nexus Buyer LLC, Amendment No. 10 Term Loan (1 mo. Term
SOFR + 4.000%)
7.686%
7/31/31
188,575
 
187,014
 (f)(m)(n)
Nexus Buyer LLC, Amendment No. 9 Refinancing Term Loan
(1 mo. Term SOFR + 3.500%)
7.186%
7/31/31
393,027
 
383,734
 (f)(m)(n)
Total Financial Services
570,748
Insurance — 0.6%
Acrisure LLC, 2024 Repricing Term Loan B6 (1 mo. Term SOFR
+ 3.000%)
6.686%
11/6/30
160,000
 
136,534
 (f)(m)(n)
Asurion LLC, New Term Loan B14 (3 mo. Term SOFR +
3.750%)
7.573%
2/23/33
528,675
 
507,747
 (f)(m)(n)
Broadstreet Partners Inc., 2024 Term Loan B (1 mo. Term
SOFR + 2.500%)
6.186%
6/13/31
438,024
 
432,257
 (f)(m)(n)
Total Insurance
1,076,538
 
Total Financials
2,499,965
Health Care — 0.6%
Health Care Providers & Services — 0.4%
TEAM Services Holding Inc., Initial Term Loan (3 mo. Term
SOFR + 5.250%)
8.982%
3/31/33
690,000
 
689,137
 (f)(m)(n)
Health Care Technology — 0.2%
AthenaHealth Group Inc., Fourth Amendment Term Loan (1
mo. Term SOFR + 3.250%)
6.936%
2/17/32
438,892
 
439,285
 (f)(m)(n)
 
Total Health Care
1,128,422
Industrials — 1.2%
Aerospace & Defense — 0.3%
TransDigm Inc., Term Loan J (1 mo. Term SOFR + 2.500%)
6.186%
2/28/31
488,775
 
490,933
 (f)(m)(n)
Machinery — 0.5%
TK Elevator Midco GmbH, USD Term Loan B (6 mo. Term
SOFR + 2.750%)
6.704%
4/30/30
975,279
 
981,375
 (f)(m)(n)
Passenger Airlines — 0.2%
Spirit Airlines LLC, Contingent DIP Facility
—
11/17/26
750,137
 
210,038
 *(h)(j)
Spirit Airlines LLC, Contingent DIP Facility Initial Term Loan
—
11/17/26
285,792
 
1,608
 *(h)(j)
Spirit Airlines LLC, New Money Term Loan (1 mo. Term SOFR
+ 8.000%)
11.644%
9/14/26
103,782
 
98,592
 (f)(h)(k)(m)(n)
See Notes to Schedule of Investments.
13
Western Asset Global High Income Fund Inc. 2026 Quarterly Report
Schedule of Investments (unaudited) (cont’d)
August 31, 2026
 Western Asset Global High Income Fund Inc.
(Percentages shown based on Fund net assets)
Security
 
Rate
Maturity
Date
Face
Amount†
Value
 
Passenger Airlines — continued
Spirit Airlines LLC, Second New Money Term Loan (1 mo.
Term SOFR + 8.000%)
11.644%
9/14/26
25,739
 
 $24,452
 (f)(h)(k)(m)(n)
Spirit Airlines LLC, Third DIP New Money Term Loan (1 mo.
Term SOFR + 8.000%)
11.644%
9/14/26
50,834
 
48,293
 (f)(h)(k)(m)(n)
Total Passenger Airlines
382,983
Professional Services — 0.2%
Accuris, Term Loan B
—
8/12/31
490,000
 
489,387
 (h)(o)
 
Total Industrials
2,344,678
Information Technology — 2.4%
Semiconductors & Semiconductor Equipment — 1.9%
VCI Asset Holdings 1 LLC, Term Loan
10.000%
11/20/30
1,377,895
 
1,461,719
 (m)(n)
VCI Asset Holdings 2 LLC, Initial Term Loan
7.375%
2/6/31
1,477,175
 
1,521,490
 (m)(n)
VCI Asset Holdings 3 LLC, Term Loan
6.875%
4/24/30
627,000
 
633,665
 (m)(n)
Total Semiconductors & Semiconductor Equipment
3,616,874
Software — 0.5%
Cloudera Inc., Term Loan (1 mo. Term SOFR + 3.850%)
7.536%
10/8/28
358,125
 
329,774
 (f)(m)(n)
CoreWeave Financing V LLC, Additional Delayed Draw Term
Loan (1 mo. Term SOFR + 4.500%)
8.150-8.160%
11/15/31
280,000
 
282,837
 (f)(m)(n)(p)
Modena Buyer LLC, Initial Term Loan (3 mo. Term SOFR +
4.250%)
8.073%
7/1/31
324,225
 
312,877
 (f)(m)(n)
Total Software
925,488
 
Total Information Technology
4,542,362
Materials — 0.4%
Chemicals — 0.4%
Hexion Holdings Corp., 2024 Refinancing Term Loan (1 mo.
Term SOFR + 4.000%)
7.688%
3/15/29
687,208
 
678,975
 (f)(m)(n)
 
Total Senior Loans (Cost — $18,407,488)
17,064,177
Asset-Backed Securities — 7.0%
720 East CLO Ltd., 2022-1A ER (3 mo. Term SOFR + 5.900%)
9.629%
1/20/38
250,000
 
251,827
 (a)(f)
720 East CLO Ltd., 2025-7A E (3 mo. Term SOFR + 4.750%)
8.479%
4/20/37
410,000
 
406,104
 (a)(f)
AB BSL CLO Ltd., 2025-7A E (3 mo. Term SOFR + 5.600%)
9.353%
1/15/39
350,000
 
346,542
 (a)(f)
AGL CLO Ltd., 2021-16A DR (3 mo. Term SOFR + 2.400%)
6.129%
1/20/35
160,000
 
155,318
 (a)(f)
Apex Credit CLO LLC, 2021-2A CR (3 mo. Term SOFR +
3.750%)
7.479%
10/20/34
270,000
 
263,802
 (a)(f)
Apex Credit CLO Ltd., 2019-2A ERR (3 mo. Term SOFR +
7.670%)
11.480%
1/25/38
650,000
 
516,845
 (a)(f)
Apidos CLO Ltd., 2024-50A E (3 mo. Term SOFR + 5.100%)
8.829%
1/20/38
440,000
 
439,565
 (a)(f)
Balboa Bay Loan Funding Ltd., 2020-1A ERR (3 mo. Term
SOFR + 7.150%)
10.879%
10/20/35
700,000
 
700,329
 (a)(f)
Balboa Bay Loan Funding Ltd., 2024-2A E (3 mo. Term SOFR +
5.750%)
9.479%
1/20/38
440,000
 
443,268
 (a)(f)
Ballyrock CLO Ltd., 2020-14A DR (3 mo. Term SOFR + 5.850%)
9.579%
7/20/37
500,000
 
488,260
 (a)(f)
Bear Mountain Park CLO Ltd., 2022-1A ER (3 mo. Term SOFR
+ 5.950%)
9.703%
7/15/37
600,000
 
546,675
 (a)(f)
Capital Four US CLO Ltd., 2021-1A DR (3 mo. Term SOFR +
3.250%)
6.979%
1/18/35
570,000
 
564,620
 (a)(f)
Clover CLO LLC, 2021-3A DR (3 mo. Term SOFR + 2.550%)
6.360%
1/25/35
370,000
 
364,289
 (a)(f)
See Notes to Schedule of Investments.
14
Western Asset Global High Income Fund Inc. 2026 Quarterly Report
 Western Asset Global High Income Fund Inc.
(Percentages shown based on Fund net assets)
Security
 
Rate
Maturity
Date
Face
Amount†
Value
Asset-Backed Securities — continued
Elevation CLO Ltd., 2016-5A ERR (3 mo. Term SOFR + 7.580%)
11.390%
1/25/38
610,000
 
 $570,821
 (a)(f)
GoldenTree Loan Management US CLO Ltd., 2020-8A ERR (3
mo. Term SOFR + 5.750%)
9.479%
10/20/34
650,000
 
657,335
 (a)(f)
HalseyPoint CLO Ltd., 2019-1A FR (3 mo. Term SOFR +
10.730%)
14.459%
10/20/37
800,000
 
702,501
 (a)(f)
Jamestown CLO Ltd., 2016-9A CR3 (3 mo. Term SOFR +
3.250%)
7.060%
7/25/34
410,000
 
407,583
 (a)(f)
Magnetite Ltd., 2020-26A ER2 (3 mo. Term SOFR + 4.700%)
8.510%
1/25/38
740,000
 
732,700
 (a)(f)
MidOcean Credit CLO LLC, 2025-18A E (3 mo. Term SOFR +
5.400%)
9.129%
10/18/35
700,000
 
702,112
 (a)(f)
Obra CLO Ltd., 2024-1A E (3 mo. Term SOFR + 6.750%)
10.479%
1/20/38
610,000
 
620,403
 (a)(f)
Ocean Trails CLO Ltd., 2023-14A ER (3 mo. Term SOFR +
6.340%)
10.069%
1/20/38
730,000
 
680,929
 (a)(f)
Ocean Trails CLO Ltd., 2024-16A E (3 mo. Term SOFR +
6.690%)
10.419%
1/20/38
270,000
 
265,593
 (a)(f)
OFSI BSL CLO Ltd., 2024-13A ER (3 mo. Term SOFR + 6.780%)
10.509%
7/20/39
280,000
 
268,901
 (a)(f)
OHA Credit Funding Ltd., 2022-11A D1R (3 mo. Term SOFR +
2.850%)
6.579%
7/19/37
190,000
 
190,814
 (a)(f)
Palmer Square CLO Ltd., 2022-3A D1R (3 mo. Term SOFR +
2.950%)
6.679%
7/20/37
160,000
 
159,018
 (a)(f)
Pixley Park CLO Ltd., 2024-1A E (3 mo. Term SOFR + 5.000%)
8.753%
1/15/37
350,000
 
336,238
 (a)(f)
Polus US CLO Ltd., 2026-4A E (3 mo. Term SOFR + 5.500%)
—
10/25/39
350,000
 
351,701
 (a)(f)(q)
Silver Point CLO Ltd., 2026-18A D1 (3 mo. Term SOFR +
3.000%)
6.820%
7/15/39
630,000
 
630,833
 (a)(f)
Whitebox CLO Ltd., 2020-2A E1R2 (3 mo. Term SOFR +
5.750%)
9.525%
10/24/37
360,000
 
362,633
 (a)(f)
Whitebox CLO Ltd., 2023-4A ER2 (3 mo. Term SOFR +
5.150%)
8.906%
7/20/39
440,000
 
440,423
 (a)(f)
 
Total Asset-Backed Securities (Cost — $13,830,161)
13,567,982
 
 
 
 
Shares
 
Preferred Stocks — 2.3%
Financials — 2.3%
Mortgage Real Estate Investment Trusts (REITs) — 2.3%
AGNC Investment Corp., Non Voting Shares (3 mo. Term
SOFR + 4.959%)
8.712%
55,664
1,416,092
 (f)
Chimera Investment Corp., Non Voting Shares (3 mo. Term
SOFR + 5.005%)
8.737%
65,267
1,527,248
 (f)
MFA Financial Inc., Non Voting Shares (3 mo. Term SOFR +
5.607%)
9.408%
66,471
1,567,386
 (f)
 
Total Preferred Stocks (Cost — $4,496,201)
4,510,726
 
 
 
 
 
 
Common Stocks — 0.3%
Communication Services — 0.2%
Diversified Telecommunication Services — 0.2%
Altice France Luxco
18,570
352,130
 *
See Notes to Schedule of Investments.
15
Western Asset Global High Income Fund Inc. 2026 Quarterly Report
Schedule of Investments (unaudited) (cont’d)
August 31, 2026
 Western Asset Global High Income Fund Inc.
(Percentages shown based on Fund net assets)
Security
 
 
 
Shares
Value
 
Industrials — 0.0%††
Passenger Airlines — 0.0%††
Spirit Airlines LLC
229
 $2
 *(r)
Spirit Aviation Holdings Inc.
39,554
396
 *
 
Total Industrials
398
Information Technology — 0.1%
Semiconductors & Semiconductor Equipment — 0.1%
VCI Asset Holdings 2 LLC
299,606
299,606
 *(g)(h)
 
Real Estate — 0.0%††
Real Estate Management & Development — 0.0%††
China Aoyuan Group Ltd.
38,203
195
 *
Country Garden Holdings Co. Ltd.
1,200
29
 *
 
Total Real Estate
224
Total Common Stocks (Cost — $855,981)
652,358
 
 
 
Rate
Maturity
Date
Face
Amount†
 
Convertible Bonds & Notes — 0.2%
Communication Services — 0.2%
Media — 0.2%
EchoStar Corp., Senior Secured Notes (3.875% Cash or
3.875% PIK)
3.875%
11/30/30
119,660
 
323,104
 (b)(k)
 
Real Estate — 0.0%††
Real Estate Management & Development — 0.0%††
China Aoyuan Group Ltd., Senior Notes
0.000%
9/30/28
13,656
 
103
 (c)
Country Garden Holdings Co. Ltd., Senior Notes
0.000%
12/31/31
300,398
 
21,779
 (c)
 
Total Real Estate
21,882
Total Convertible Bonds & Notes (Cost — $176,257)
344,986
 
 
 
Expiration
Date 
Rights
 
Rights — 0.0%††
Communication Services — 0.0%††
Diversified Telecommunication Services — 0.0%††
Altice France Luxco (Cost — $0)
—
1,354
21,035
 *
 
 
 
 
Warrants
 
Warrants — 0.0%††
Industrials — 0.0%††
Passenger Airlines — 0.0%††
Spirit Airlines LLC (Cost — $342,120)
28,104
 
281
 *(a)(g)(r)
Total Investments — 144.5% (Cost — $269,566,961)
278,907,596
Liabilities in Excess of Other Assets — (44.5)%
(85,855,181
)
Total Net Assets — 100.0%
$193,052,415
 
See Notes to Schedule of Investments.
16
Western Asset Global High Income Fund Inc. 2026 Quarterly Report
 Western Asset Global High Income Fund Inc.
†
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)
The coupon payment on this security is currently in default as of August 31, 2026.
(k)
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.
(l)
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.
(m)
Interest rates disclosed represent the effective rates on senior loans. Ranges in interest rates are attributable to multiple contracts under the same loan.
(n)
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.
(o)
All or a portion of this loan has not settled as of August 31, 2026. Interest rates are not effective until settlement date. Interest rates shown, if any, are for
the settled portion of the loan.
(p)
All or a portion of this loan is unfunded as of August 31, 2026. The interest rate for fully unfunded term loans is to be determined. At August 31, 2026, the
total principal amount and market value of unfunded commitments totaled $158,606 and $160,213, respectively.
(q)
Securities traded on a when-issued or delayed delivery basis.
(r)
Restricted security (Note 3).
 
Abbreviation(s) used in this schedule:
CAS
—
Connecticut Avenue Securities
CLO
—
Collateralized Loan Obligation
DIP
—
Debtor-in-possession
EUR
—
Euro
GBP
—
British Pound
ICE
—
Intercontinental Exchange
JSC
—
Joint Stock Company
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, 2026, 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
4.160%
6/10/2026
9/9/2026
 $5,832,835
Corporate Bonds & Notes
 $6,264,792
Goldman Sachs Group Inc.
4.100%
12/12/2025
TBD***
784,638
Corporate Bonds & Notes
1,237,856
See Notes to Schedule of Investments.
17
Western Asset Global High Income Fund Inc. 2026 Quarterly Report
Schedule of Investments (unaudited) (cont’d)
August 31, 2026
 Western Asset Global High Income Fund Inc.
Counterparty
Rate
Effective
Date
Maturity
Date
Face Amount
of Reverse
Repurchase
Agreements
Asset Class
of Collateral*
Collateral
Value**
Goldman Sachs Group Inc.
4.250%
12/12/2025
TBD***
 $1,097,370
Corporate Bonds & Notes
 $1,521,319
 
$7,714,843
$9,023,967
 
*
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, 2026.
At August 31, 2026, the Fund had the following open forward foreign currency contracts:  
Currency
Purchased
Currency
Sold
Counterparty
Settlement
Date
Unrealized
Appreciation
(Depreciation)
USD
690,290
EUR
602,102
BNP Paribas SA
10/16/26
 $(10,331)
GBP
550,381
USD
737,251
Citibank N.A.
10/16/26
8,570
USD
18,457
GBP
13,821
Citibank N.A.
10/16/26
(272)
EUR
6,875
USD
7,901
Goldman Sachs Group Inc.
10/16/26
99
EUR
208,411
USD
240,441
Goldman Sachs Group Inc.
10/16/26
2,071
Net unrealized appreciation on open forward foreign currency contracts
$137
 
Abbreviation(s) used in this table:
EUR
—
Euro
GBP
—
British Pound
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.
18
Western Asset Global High Income Fund Inc. 2026 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 diversified, closed-end management investment company under the Investment Company Act of 1940, as amended (the “1940 Act”). The Board of Directors (the “Board”) authorized100 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.
Pursuant to policies adopted by the Board, 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. 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, 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 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
19
Western Asset Global High Income Fund Inc. 2026 Quarterly Report
Notes to Schedule of Investments (unaudited) (cont’d)
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:
Energy
—
 $34,608,611
 $378,446
 $34,987,057
Financials
—
22,653,247
0
*
22,653,247
Other Corporate Bonds & Notes
—
126,768,876
—
126,768,876
Sovereign Bonds
—
40,266,327
—
40,266,327
Collateralized Mortgage Obligations
—
18,070,544
—
18,070,544
Senior Loans:
Industrials
—
1,472,308
872,370
2,344,678
Information Technology
—
3,020,872
1,521,490
4,542,362
Other Senior Loans
—
10,177,137
—
10,177,137
Asset-Backed Securities
—
13,567,982
—
13,567,982
Preferred Stocks
 $4,510,726
—
—
4,510,726
Common Stocks:
Communication Services
—
352,130
—
352,130
Industrials
396
2
—
398
Information Technology
—
—
299,606
299,606
Real Estate
195
29
—
224
Convertible Bonds & Notes
—
344,986
—
344,986
Rights
—
21,035
—
21,035
Warrants
—
281
—
281
Total Investments
$4,511,317
$271,324,367
$3,071,912
$278,907,596
Other Financial Instruments:
Forward Foreign Currency Contracts††
—
 $10,740
—
 $10,740
Total
$4,511,317
$271,335,107
$3,071,912
$278,918,336
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††
—
 $10,603
—
 $10,603
 
†
See Schedule of Investments for additional detailed categorizations.
*
Amount represents less than $1.
††
Reflects the unrealized appreciation (depreciation) of the instruments.
20
Western Asset Global High Income Fund Inc. 2026 Quarterly Report
The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value: 
 
Investments in
Securities
Balance
as of
May 31, 2026
Accrued
premiums/
discounts
Realized
gain
(loss)
Change in
unrealized
appreciation
(depreciation)
Purchases
Corporate Bonds &
Notes:
Energy
 $385,830
 $280
 $26
 $(5,217
)
—
Financials
—
—
—
0
*
—
Senior Loans:
Consumer
Discretionary
912,125
1,250
—
91,616
—
Industrials
268,264
192,953
—
(241,145
)
 $488,675
Information
Technology
669,086
69
(448
)
(9,823
)
—
Common Stocks:
Information
Technology
316,084
—
—
(16,478
)
—
Total
$2,551,389
$194,552
$(422
)
$(181,047
)
$488,675

 
Investments in
Securities (cont’d)
Sales
Transfers
into
Level 3
Transfers
out of
Level 3
Balance
as of
August 31, 2026
Net change
in unrealized
appreciation
(depreciation) for
investments
in securities
still held at
August 31, 20261
Corporate Bonds &
Notes:
Energy
 $(2,472
)
—
—
 $378,446
 $(5,217
)
Financials
—
—
—
0
*
0
*
Senior Loans:
Consumer
Discretionary
—
—
 $(1,004,991
)
—
91,616
Industrials
(39,789
)
 $203,413
—
872,370
(241,145
)
Information
Technology
(99,413
)
1,595,684
(633,665
)
1,521,490
(9,823
)
Common Stocks:
Information
Technology
—
—
—
299,606
(16,478
)
Total
$(141,674
)
$1,799,097
$(1,638,656
)
$3,071,912
$(181,047
)
 
*
Amount represents less than $1.
1
Change in unrealized appreciation (depreciation) includes net unrealized appreciation (depreciation) resulting from changes in investment values during the
reporting period and the reversal of previously recorded unrealized appreciation (depreciation) when gains or losses are realized.
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, 2026. The following transactions were effected
21
Western Asset Global High Income Fund Inc. 2026 Quarterly Report
Notes to Schedule of Investments (unaudited) (cont’d)
in such company for the period ended August 31, 2026.
 
 
Affiliate
Value at

May 31,
2026
Purchased
Sold
Cost
Shares
Proceeds
Shares
Western Asset Premier
Institutional Government
Reserves, Premium
Shares
—
 $3,157,627
3,157,627
 $3,157,627
3,157,627

 
(cont’d)
Realized
Gain (Loss)
Dividend
Income
Net Increase
(Decrease) in
Unrealized
Appreciation
(Depreciation)
Affiliate
Value at
August 31,
2026
Western Asset Premier
Institutional Government
Reserves, Premium Shares
—
 $615
—
—
3. Restricted securities
The following Fund investments are restricted as to resale and, in the absence of readily ascertainable market values, are fair valued in accordance with procedures approved by the Board.
 
Security
Face
Amount
Acquisition
Date
Cost
Value
at 8/31/2026
Value Per
Unit
Percent of
Net Assets
Spirit Airlines LLC, Common Shares
229
3/25
 $2,788
 $2
 $0.01
0.00
 %(a)
Spirit Airlines LLC, Warrants
28,104
3/25
342,120
281
(b)
0.01
0.00
(a)
Total
$344,908
$283
0.00
%
 
(a)
Amount represents less than 0.005%.
(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.
22
Western Asset Global High Income Fund Inc. 2026 Quarterly Report