CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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BwGlobal Glbl Incm Opp Fd (BWG)

Taxable Bond Funds - Global Income Funds

Data as of March 20, 2018
Market Price $12.76 (- $0.02)
NAV (March 20, 2018) $14.78 (- $0.06)
Premium / Discount -13.67% (+0.21%)
Fund Info
Inception March 28, 2012
Sponsor Legg Mason Partners Fund Advisors
Website https://www.leggmason....
Phone 1-888-777-0102
Objective: Current income; global fixed income securities, sovereign debt, U.S. and non-U.S. corporate debt, mortgage backed securities and currency exposure
Related Indexes
Investment Grade Bond Index
Discount CEF/BDC Index
International Bond Index
Capital & Leverage
Outstanding Shares 20,989,795
Gross Assets (Reported: Oct. 31, 2017) $500M
Estimated Gross Assets $470M
Net Assets $310M
Market Cap $268M
Purchases Turnover 77.78%
Sales Turnover 78.17%
Total Leverage 34.00%
Structural Leverage (out of total) 34.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 2.72%
Non Lev Exp Ratio 1.49%
Rel Lev Cost 2.26%
Discount Data
Average Discount (3 Yr) -14.30%
Discount Low(3 Yr) -20.03%
Discount High(3 Yr) -10.46%
Discount Rel Range 64.26%
Comp Discount -7.62
Discount St Dev (1Yr) 0.95
Z-Stat (6mo) -0.84
Z-Stat (1Yr) -1.13
Z-Stat (3Yr) 0.22
Comp Z-Stat (6mo) -0.58
Comp Z-Stat (3Yr) -0.23
Distribution Data
Market Yield 7.19%
Income Yield 0.00%
Lev Adj NAV Yield 4.64%
Distribution Frequency M
Current Distribution $0.077
Current Income $0.000
Ex-Date 3/22/18
Payable Date 4/2/18
Div Growth (3yr) -41.15%
Dividend Change -15.0% on 11/13/17
Expected Div 5/15/18
RoC (1yr) 79.61%
RoC (3yr) 41.67%
Tax Dividend Data 2017 2015 - 2017
Income 24.1% 48.8%
ST Gains 0% 4.3%
QDI 0% 0%
LT Gains 0% 8.9%
RoC 76.0% 38.1%
Volume & Liquidity
Average Daily $ (M) $1,051
Avg Volume 30 day 75,909
Avg Volume 90 day 82,349
Volume Trend -7.82%
Comp Volume Trend 16.13%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's Taxable Bond & BDC Index
Most Correlated Peer (Mk Pr): FAX 57.0%
NAV - Price Correlation (30 d) 51.1%
NAV - Price Correlation (90 d) 88.1%
NAV - Price Correlation (1 Yr) 88.5%
Price St Dev (1Yr) 10.0%
NAV St Dev (1Yr) 8.8%
Earnings / Share (10/31/17) $0.081
Earn Coverage 105.49%
Earnings Trend Down
UNII / Share (10/31/17) $-0.118
UNII Trend Down
Bond Specific Data
Maturity 16.17
Duration 8.09
Credit Rating (rbo) BBB
Investment Grade 55.30%
Non Investment Grade 32.30%
Unrated Bonds 12.40%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Taxable Bond & BDC Index


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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