WESTERN ASSET GLOBAL HIGH INCOME FUND INC.

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) August 31, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
CORPORATE BONDS & NOTES - 117.9%
COMMUNICATION SERVICES - 14.5%
Diversified Telecommunication Services - 3.9%
Altice Financing SA, Senior Secured Notes		5.000	%		1/15/28		750,000		$	610,507	(a)(b)
Altice Financing SA, Senior Secured Notes		5.750	%		8/15/29		1,390,000			1,102,354	(a)(b)
Altice France Holding SA, Senior Notes		6.000	%		2/15/28		850,000			375,930	(a)
Altice France Holding SA, Senior Secured Notes		10.500	%		5/15/27		1,670,000			907,654	(a)
Altice France SA, Senior Secured Notes		5.500	%		1/15/28		210,000			157,562	(a)
British Telecommunications PLC, Senior Notes		9.625	%		12/15/30		60,000			73,096
Level 3 Financing Inc., Senior Secured Notes		3.875	%		11/15/29		840,000			742,555	(a)
Telecom Italia Capital SA, Senior Notes		7.200	%		7/18/36		1,130,000			1,022,298
Telecom Italia SpA, Senior Notes		5.303	%		5/30/24		750,000			740,937	(a)(b)
Turk Telekomunikasyon AS, Senior Notes		4.875	%		6/19/24		300,000			294,750	(a)
Turk Telekomunikasyon AS, Senior Notes		6.875	%		2/28/25		500,000			489,617	(a)
Total Diversified Telecommunication Services										6,517,260
Interactive Media & Services - 0.2%
Match Group Holdings II LLC, Senior Notes		3.625	%		10/1/31		500,000			408,055	(a)(b)
Media - 4.7%
CCO Holdings LLC/CCO Holdings Capital Corp., Senior Notes		4.250	%		1/15/34		2,660,000			2,039,481	(a)(b)
Clear Channel Outdoor Holdings Inc., Senior Notes		7.750	%		4/15/28		720,000			566,959	(a)(b)
DirecTV Financing LLC/DirecTV Financing Co-Obligor Inc., Senior Secured Notes		5.875	%		8/15/27		1,250,000			1,108,898	(a)(b)
DISH DBS Corp., Senior Notes		7.750	%		7/1/26		1,060,000			793,781
DISH DBS Corp., Senior Notes		7.375	%		7/1/28		460,000			288,618
DISH DBS Corp., Senior Notes		5.125	%		6/1/29		1,420,000			769,072
United Group BV, Senior Secured Notes		5.250	%		2/1/30		750,000	EUR		675,593	(c)
Virgin Media Finance PLC, Senior Notes		5.000	%		7/15/30		1,260,000			1,020,266	(a)(b)
Virgin Media Vendor Financing Notes III DAC, Senior Secured Notes		4.875	%		7/15/28		500,000	GBP		521,984	(a)
Total Media										7,784,652
Wireless Telecommunication Services - 5.7%
CSC Holdings LLC, Senior Notes		11.250	%		5/15/28		620,000			612,079	(a)
CSC Holdings LLC, Senior Notes		5.750	%		1/15/30		5,160,000			2,859,027	(a)
Millicom International Cellular SA, Senior Notes		4.500	%		4/27/31		750,000			593,258	(a)
Sprint Capital Corp., Senior Notes		6.875	%		11/15/28		560,000			592,111
Sprint Capital Corp., Senior Notes		8.750	%		3/15/32		1,160,000			1,383,602

See Notes to Schedule of Investments.

Western Asset Global High Income Fund Inc. 2023 Quarterly Report      1

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) August 31, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Wireless Telecommunication Services - (continued)
Sprint LLC, Senior Notes		7.875	%		9/15/23		2,960,000		$	2,964,159	(b)
Vmed O2 UK Financing I PLC, Senior Secured Notes		4.500	%		7/15/31		450,000	GBP		445,604	(a)
Total Wireless Telecommunication Services										9,449,840
TOTAL COMMUNICATION SERVICES										24,159,807
CONSUMER DISCRETIONARY - 23.6%
Automobile Components - 3.2%
Adient Global Holdings Ltd., Senior Notes		4.875	%		8/15/26		530,000			510,893	(a)(b)
American Axle & Manufacturing Inc., Senior Notes		6.500	%		4/1/27		1,790,000			1,698,164	(b)
Clarios Global LP/Clarios US Finance Co., Senior Notes		8.500	%		5/15/27		310,000			313,702	(a)
JB Poindexter & Co. Inc., Senior Notes		7.125	%		4/15/26		1,800,000			1,762,555	(a)(b)
ZF North America Capital Inc., Senior Notes		6.875	%		4/14/28		500,000			498,878	(a)
ZF North America Capital Inc., Senior Notes		7.125	%		4/14/30		510,000			517,203	(a)
Total Automobile Components										5,301,395
Automobiles - 2.3%
Ford Motor Co., Senior Notes		3.250	%		2/12/32		1,990,000			1,555,202	(b)
Ford Motor Credit Co. LLC, Senior Notes		7.350	%		3/6/30		500,000			509,436
General Motors Co., Senior Notes		6.125	%		10/1/25		350,000			351,601	(b)
Nissan Motor Co. Ltd., Senior Notes		4.810	%		9/17/30		1,500,000			1,324,600	(a)(b)
Total Automobiles										3,740,839
Broadline Retail - 1.3%
Marks & Spencer PLC, Senior Notes		3.750	%		5/19/26		300,000	GBP		353,286	(c)
Marks & Spencer PLC, Senior Notes		7.125	%		12/1/37		470,000			442,709	(a)
MercadoLibre Inc., Senior Notes		3.125	%		1/14/31		1,800,000			1,441,892	(b)
Total Broadline Retail										2,237,887
Distributors - 0.7%
Ritchie Bros Holdings Inc., Senior Notes		7.750	%		3/15/31		1,110,000			1,149,427	(a)
Diversified Consumer Services - 2.3%
APCOA Parking Holdings GmbH, Senior Secured Notes		4.625	%		1/15/27		1,730,000	EUR		1,670,765	(a)
Carriage Services Inc., Senior Notes		4.250	%		5/15/29		600,000			521,220	(a)(b)
Service Corp. International, Senior Notes		7.500	%		4/1/27		770,000			792,974
StoneMor Inc., Senior Secured Notes		8.500	%		5/15/29		1,050,000			877,186	(a)(b)
Total Diversified Consumer Services										3,862,145

See Notes to Schedule of Investments.

    2  Western Asset Global High Income Fund Inc. 2023 Quarterly Report

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) August 31, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Hotels, Restaurants & Leisure - 13.6%
888 Acquisitions Ltd., Senior Secured Notes		7.558	%		7/15/27		1,350,000	EUR	$	1,397,632	(a)
Carnival Holdings Bermuda Ltd., Senior Notes		10.375	%		5/1/28		30,000			32,655	(a)(b)
Carnival PLC, Senior Notes		1.000	%		10/28/29		2,760,000	EUR		2,024,385
Carrols Restaurant Group Inc., Senior Notes		5.875	%		7/1/29		460,000			396,290	(a)
IRB Holding Corp., Senior Secured Notes		7.000	%		6/15/25		1,160,000			1,161,044	(a)(b)
Las Vegas Sands Corp., Senior Notes		3.900	%		8/8/29		1,260,000			1,110,837	(b)
Melco Resorts Finance Ltd., Senior Notes		5.375	%		12/4/29		780,000			654,755	(a)(b)
NCL Corp. Ltd., Senior Notes		3.625	%		12/15/24		1,180,000			1,130,385	(a)(b)
NCL Corp. Ltd., Senior Notes		5.875	%		3/15/26		750,000			707,860	(a)(b)
NCL Corp. Ltd., Senior Notes		7.750	%		2/15/29		570,000			542,769	(a)(b)
NCL Finance Ltd., Senior Notes		6.125	%		3/15/28		2,030,000			1,832,075	(a)(b)
Royal Caribbean Cruises Ltd., Senior Notes		5.375	%		7/15/27		1,900,000			1,789,640	(a)(b)
Royal Caribbean Cruises Ltd., Senior Notes		5.500	%		4/1/28		1,170,000			1,097,811	(a)(b)
Saga PLC, Senior Notes		3.375	%		5/12/24		810,000	GBP		978,356	(c)
Saga PLC, Senior Notes		5.500	%		7/15/26		310,000	GBP		300,359	(c)
Sands China Ltd., Senior Notes		3.350	%		3/8/29		1,680,000			1,401,416
Sands China Ltd., Senior Notes		4.875	%		6/18/30		830,000			725,876
Sands China Ltd., Senior Notes		3.500	%		8/8/31		650,000			523,446
Viking Ocean Cruises Ship VII Ltd., Senior Secured Notes		5.625	%		2/15/29		764,000			710,964	(a)(b)
VOC Escrow Ltd., Senior Secured Notes		5.000	%		2/15/28		160,000			148,655	(a)(b)
Wheel Bidco Ltd., Senior Secured Notes		6.750	%		7/15/26		450,000	GBP		471,748	(a)
Wynn Macau Ltd., Senior Notes		5.500	%		1/15/26		540,000			507,401	(a)
Wynn Macau Ltd., Senior Notes		5.625	%		8/26/28		1,200,000			1,059,859	(a)
Wynn Macau Ltd., Senior Notes		5.125	%		12/15/29		270,000			221,325	(a)
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., Senior Notes		5.125	%		10/1/29		1,330,000			1,191,821	(a)(b)
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., Senior Notes		7.125	%		2/15/31		470,000			462,295	(a)
Total Hotels, Restaurants & Leisure										22,581,659
Specialty Retail - 0.2%
Michaels Cos. Inc., Senior Notes		7.875	%		5/1/29		590,000			409,519	(a)
TOTAL CONSUMER DISCRETIONARY										39,282,871

See Notes to Schedule of Investments.

Western Asset Global High Income Fund Inc. 2023 Quarterly Report      3

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) August 31, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
CONSUMER STAPLES - 0.5%
Food Products - 0.5%
Bellis Acquisition Co. PLC, Senior Secured Notes		3.250	%		2/16/26		320,000	GBP	$	348,826	(c)
FAGE International SA/FAGE USA Dairy Industry Inc., Senior Notes		5.625	%		8/15/26		500,000			481,105	(a)(b)
TOTAL CONSUMER STAPLES										829,931
ENERGY - 27.3%
Energy Equipment & Services - 0.3%
Noble Finance II LLC, Senior Notes		8.000	%		4/15/30		500,000			517,509	(a)
Oil, Gas & Consumable Fuels - 27.0%
Apache Corp., Senior Notes		5.100	%		9/1/40		1,400,000			1,165,333
Blue Racer Midstream LLC/Blue Racer Finance Corp., Senior Notes		7.625	%		12/15/25		100,000			100,381	(a)(b)
Continental Resources Inc., Senior Notes		3.800	%		6/1/24		1,040,000			1,021,960
Continental Resources Inc., Senior Notes		4.375	%		1/15/28		790,000			744,297
Continental Resources Inc., Senior Notes		4.900	%		6/1/44		300,000			230,291	(b)
Diamondback Energy Inc., Senior Notes		3.500	%		12/1/29		730,000			660,907
Ecopetrol SA, Senior Notes		8.875	%		1/13/33		440,000			446,413
Ecopetrol SA, Senior Notes		5.875	%		5/28/45		3,300,000			2,329,109	(d)
Ecopetrol SA, Senior Notes		5.875	%		11/2/51		320,000			216,391
El Paso Natural Gas Co. LLC, Senior Notes		8.375	%		6/15/32		70,000			79,782
Energy Transfer LP, Junior Subordinated Notes (6.500% to 11/15/26 then 5 year Treasury Constant Maturity Rate + 5.694%)		6.500	%		11/15/26		280,000			256,074	(b)(e)(f)
Energy Transfer LP, Junior Subordinated Notes (6.625% to 2/15/28 then 3 mo. USD LIBOR + 4.155%)		6.625	%		2/15/28		870,000			701,768	(e)(f)
EQM Midstream Partners LP, Senior Notes		4.500	%		1/15/29		1,060,000			964,145	(a)(b)
EQM Midstream Partners LP, Senior Notes		7.500	%		6/1/30		510,000			523,542	(a)(b)
EQM Midstream Partners LP, Senior Notes		4.750	%		1/15/31		1,540,000			1,362,451	(a)(b)
EQT Corp., Senior Notes		3.900	%		10/1/27		1,380,000			1,289,876	(b)
KazMunayGas National Co. JSC, Senior Notes		3.500	%		4/14/33		500,000			377,251	(a)
Kinder Morgan Inc., Senior Notes		7.750	%		1/15/32		1,390,000			1,554,464
NGPL PipeCo LLC, Senior Notes		7.768	%		12/15/37		1,430,000			1,508,840	(a)(b)
Occidental Petroleum Corp., Senior Notes		6.950	%		7/1/24		204,000			205,350
Occidental Petroleum Corp., Senior Notes		2.900	%		8/15/24		710,000			690,876
Occidental Petroleum Corp., Senior Notes		5.550	%		3/15/26		450,000			446,643
Occidental Petroleum Corp., Senior Notes		6.200	%		3/15/40		310,000			306,499
Petrobras Global Finance BV, Senior Notes		6.875	%		1/20/40		850,000			826,528	(d)

See Notes to Schedule of Investments.

    4  Western Asset Global High Income Fund Inc. 2023 Quarterly Report

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) August 31, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Oil, Gas & Consumable Fuels - (continued)
Petrobras Global Finance BV, Senior Notes		6.750	%		1/27/41		3,910,000	$	3,725,232	(b)
Petroleos del Peru SA, Senior Notes		4.750	%		6/19/32		1,750,000		1,299,452	(a)(b)
Petroleos del Peru SA, Senior Notes		5.625	%		6/19/47		500,000		320,414	(a)
Petroleos Mexicanos, Senior Notes		6.500	%		6/2/41		250,000		155,890
Petroleos Mexicanos, Senior Notes		6.375	%		1/23/45		3,732,000		2,271,218
Range Resources Corp., Senior Notes		4.875	%		5/15/25		770,000		753,399	(b)
Range Resources Corp., Senior Notes		8.250	%		1/15/29		430,000		446,798	(b)
Rockies Express Pipeline LLC, Senior Notes		6.875	%		4/15/40		330,000		298,258	(a)(b)
Summit Midstream Holdings LLC/Summit Midstream Finance Corp., Secured Notes		9.000	%		10/15/26		960,000		927,264	(a)(b)
Targa Resources Partners LP/Targa Resources Partners Finance Corp., Senior Notes		6.500	%		7/15/27		1,220,000		1,227,381
Transcontinental Gas Pipe Line Co. LLC, Senior Notes		7.850	%		2/1/26		1,500,000		1,568,542	(b)
Transportadora de Gas del Sur SA, Senior Notes		6.750	%		5/2/25		180,000		170,230	(a)
Venture Global LNG Inc., Senior Secured Notes		8.375	%		6/1/31		450,000		454,337	(a)
Western Midstream Operating LP, Senior Notes		4.050	%		2/1/30		340,000		303,637
Western Midstream Operating LP, Senior Notes		5.450	%		4/1/44		2,000,000		1,682,044	(b)
Western Midstream Operating LP, Senior Notes		5.300	%		3/1/48		500,000		410,399
Western Midstream Operating LP, Senior Notes		5.250	%		2/1/50		6,216,000		5,037,011	(b)
Williams Cos. Inc., Senior Notes		4.550	%		6/24/24		680,000		672,884
Williams Cos. Inc., Senior Notes		7.500	%		1/15/31		340,000		372,567
Williams Cos. Inc., Senior Notes		8.750	%		3/15/32		486,000		569,743
Williams Cos. Inc., Senior Notes		5.750	%		6/24/44		1,510,000		1,431,540	(b)
YPF SA, Senior Notes		8.500	%		7/28/25		2,830,000		2,678,462	(a)
Total Oil, Gas & Consumable Fuels									44,785,873
TOTAL ENERGY									45,303,382

See Notes to Schedule of Investments.

Western Asset Global High Income Fund Inc. 2023 Quarterly Report      5

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) August 31, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
FINANCIALS - 18.7%
Banks - 12.4%
Banco Mercantil del Norte SA, Junior Subordinated Notes (6.625% to 1/24/32 then 10 year Treasury Constant Maturity Rate + 5.034%)		6.625	%		1/24/32		1,840,000	$	1,482,148	(a)(b)(e)(f)
Barclays PLC, Junior Subordinated Notes (8.000% to 6/15/24 then 5 year Treasury Constant Maturity Rate + 5.672%)		8.000	%		6/15/24		1,400,000		1,374,403	(b)(e)(f)
BBVA Bancomer SA, Subordinated Notes (5.125% to 1/17/28 then 5 year Treasury Constant Maturity Rate + 2.650%)		5.125	%		1/18/33		570,000		496,249	(a)(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		2,400,000		2,335,488	(a)(b)(e)(f)
Comerica Bank, Senior Notes		2.500	%		7/23/24		620,000		590,507
Credit Agricole SA, Junior Subordinated Notes (8.125% to 12/23/25 then USD 5 year ICE Swap Rate + 6.185%)		8.125	%		12/23/25		2,160,000		2,158,799	(a)(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		1,033,497	(b)(f)
Intesa Sanpaolo SpA, Subordinated Notes		5.710	%		1/15/26		2,250,000		2,164,335	(a)
Intesa Sanpaolo SpA, Subordinated Notes (4.198% to 6/1/31 then 1 year Treasury Constant Maturity Rate + 2.600%)		4.198	%		6/1/32		2,450,000		1,868,787	(a)(b)(f)
JPMorgan Chase & Co., Junior Subordinated Notes (6.100% to 10/1/24 then 3 mo. Term SOFR + 3.592%)		6.100	%		10/1/24		500,000		497,813	(b)(e)(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		2,142,251	(b)(e)(f)
TC Ziraat Bankasi AS, Senior Notes		5.125	%		9/29/23		1,890,000		1,890,284	(a)
UniCredit SpA, Subordinated Notes (7.296% to 4/2/29 then USD 5 year ICE Swap Rate + 4.914%)		7.296	%		4/2/34		2,600,000		2,505,495	(a)(b)(f)
Total Banks									20,540,056
Capital Markets - 0.8%
UBS Group AG, Junior Subordinated Notes (6.875% to 8/7/25 then USD 5 year ICE Swap Rate + 4.590%)		6.875	%		8/7/25		600,000		564,472	(c)(e)(f)
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		720,000		715,680	(a)(b)(e)(f)
Total Capital Markets									1,280,152

See Notes to Schedule of Investments.

    6  Western Asset Global High Income Fund Inc. 2023 Quarterly Report

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) August 31, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Consumer Finance - 0.5%
Navient Corp., Senior Notes		5.875	%		10/25/24		480,000		$	473,269	(b)
Navient Corp., Senior Notes		6.750	%		6/15/26		410,000			403,260	(b)
Total Consumer Finance										876,529
Financial Services - 5.0%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, Senior Notes		3.400	%		10/29/33		4,000,000			3,174,631
GE Capital International Funding Co. Unlimited Co., Senior Notes		3.373	%		11/15/25		1,000,000			951,148	(b)
Global Aircraft Leasing Co. Ltd., Senior Notes (6.500% Cash or 7.250% PIK)		6.500	%		9/15/24		4,077,656			3,834,138	(a)(g)
Huarong Finance 2019 Co. Ltd., Senior Notes		2.125	%		9/30/23		400,000			398,944	(c)
Total Financial Services										8,358,861
TOTAL FINANCIALS										31,055,598
HEALTH CARE - 6.3%
Health Care Providers & Services - 1.2%
Centene Corp., Senior Notes		2.625	%		8/1/31		500,000			398,222
CHS/Community Health Systems Inc., Senior Secured Notes		4.750	%		2/15/31		250,000			186,475	(a)(b)
Legacy LifePoint Health LLC, Senior Secured Notes		4.375	%		2/15/27		580,000			502,683	(a)(b)
Tenet Healthcare Corp., Secured Notes		6.250	%		2/1/27		860,000			847,724	(b)
Total Health Care Providers & Services										1,935,104
Pharmaceuticals - 5.1%
Bausch Health Cos. Inc., Senior Notes		5.250	%		1/30/30		470,000			198,916	(a)
Bausch Health Cos. Inc., Senior Secured Notes		4.875	%		6/1/28		840,000			499,223	(a)
Cidron Aida Finco Sarl, Senior Secured Notes		5.000	%		4/1/28		672,000	EUR		668,957	(a)
Par Pharmaceutical Inc., Senior Secured Notes		7.500	%		4/1/27		310,000			220,988	*(a)(h)
Teva Pharmaceutical Finance Netherlands III BV, Senior Notes		6.000	%		4/15/24		4,450,000			4,426,545	(b)
Teva Pharmaceutical Finance Netherlands III BV, Senior Notes		3.150	%		10/1/26		700,000			633,585
Teva Pharmaceutical Finance Netherlands III BV, Senior Notes		5.125	%		5/9/29		2,030,000			1,879,739	(b)
Total Pharmaceuticals										8,527,953
TOTAL HEALTH CARE										10,463,057

See Notes to Schedule of Investments.

Western Asset Global High Income Fund Inc. 2023 Quarterly Report      7

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) August 31, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
INDUSTRIALS - 15.1%
Aerospace & Defense - 0.4%
Bombardier Inc., Senior Notes		7.500	%		2/1/29		620,000	$	608,099	(a)
Building Products - 0.5%
Standard Industries Inc., Senior Notes		5.000	%		2/15/27		360,000		341,652	(a)(b)
Standard Industries Inc., Senior Notes		4.375	%		7/15/30		640,000		549,251	(a)(b)
Total Building Products									890,903
Commercial Services & Supplies - 1.7%
CoreCivic Inc., Senior Notes		8.250	%		4/15/26		1,700,000		1,708,275	(b)
CoreCivic Inc., Senior Notes		4.750	%		10/15/27		240,000		214,889
GEO Group Inc., Secured Notes		10.500	%		6/30/28		880,000		881,053
Total Commercial Services & Supplies									2,804,217
Industrial Conglomerates - 0.2%
Alfa SAB de CV, Senior Notes		6.875	%		3/25/44		400,000		384,098	(a)(b)
Machinery - 0.5%
Titan International Inc., Senior Secured Notes		7.000	%		4/30/28		810,000		772,462	(b)
Passenger Airlines - 11.0%
American Airlines Group Inc., Senior Notes		3.750	%		3/1/25		2,030,000		1,944,548	(a)(b)
American Airlines Inc., Senior Secured Notes		7.250	%		2/15/28		670,000		658,827	(a)
American Airlines Inc./AAdvantage Loyalty IP Ltd., Senior Secured Notes		5.500	%		4/20/26		192,500		189,098	(a)(b)
American Airlines Inc./AAdvantage Loyalty IP Ltd., Senior Secured Notes		5.750	%		4/20/29		140,000		134,035	(a)(b)
Delta Air Lines Inc., Senior Notes		2.900	%		10/28/24		840,000		814,396	(b)
Delta Air Lines Inc., Senior Notes		7.375	%		1/15/26		690,000		710,609
Delta Air Lines Inc., Senior Secured Notes		7.000	%		5/1/25		6,050,000		6,135,756	(a)(b)(d)
Hawaiian Brand Intellectual Property Ltd./ HawaiianMiles Loyalty Ltd., Senior Secured Notes		5.750	%		1/20/26		110,000		101,893	(a)(b)
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., Senior Secured Notes		6.500	%		6/20/27		2,000,000		1,995,042	(a)(b)
Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd., Senior Secured Notes		8.000	%		9/20/25		2,956,000		2,962,149	(a)(b)
Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd., Senior Secured Notes		8.000	%		9/20/25		410,000		410,810	(a)(b)
United Airlines Holdings Inc., Senior Notes		5.000	%		2/1/24		2,300,000		2,287,382	(b)
Total Passenger Airlines									18,344,545

See Notes to Schedule of Investments.

    8  Western Asset Global High Income Fund Inc. 2023 Quarterly Report

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) August 31, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Trading Companies & Distributors - 0.8%
H&E Equipment Services Inc., Senior Notes		3.875	%		12/15/28		1,280,000	$	1,118,786	(a)(b)
United Rentals North America Inc., Senior Notes		5.500	%		5/15/27		250,000		245,273
Total Trading Companies & Distributors									1,364,059
TOTAL INDUSTRIALS									25,168,383
INFORMATION TECHNOLOGY - 1.9%
Communications Equipment - 0.7%
CommScope Inc., Senior Notes		7.125	%		7/1/28		182,000		101,577	(a)(b)
CommScope Inc., Senior Secured Notes		4.750	%		9/1/29		270,000		200,890	(a)
CommScope Technologies LLC, Senior Notes		5.000	%		3/15/27		1,560,000		868,919	(a)
Total Communications Equipment									1,171,386
Technology Hardware, Storage & Peripherals - 1.2%
Seagate HDD Cayman, Senior Notes		4.750	%		1/1/25		1,330,000		1,303,986
Seagate HDD Cayman, Senior Notes		4.875	%		6/1/27		630,000		603,923
Total Technology Hardware, Storage & Peripherals									1,907,909
TOTAL INFORMATION TECHNOLOGY									3,079,295
MATERIALS - 6.0%
Chemicals - 1.7%
Braskem America Finance Co., Senior Notes		7.125	%		7/22/41		1,060,000		962,197	(c)
Orbia Advance Corp. SAB de CV, Senior Notes		5.875	%		9/17/44		1,000,000		877,092	(a)(b)
Sasol Financing USA LLC, Senior Notes		8.750	%		5/3/29		930,000		908,857	(a)
Total Chemicals									2,748,146
Containers & Packaging - 1.8%
Ardagh Packaging Finance PLC/Ardagh
Holdings USA Inc., Senior Notes		5.250	%		8/15/27		1,840,000		1,578,325	(a)(b)
Ardagh Packaging Finance PLC/Ardagh
Holdings USA Inc., Senior Notes		5.250	%		8/15/27		500,000		428,893	(a)(b)
Pactiv LLC, Senior Notes		8.375	%		4/15/27		1,020,000		1,030,117
Total Containers & Packaging									3,037,335
Metals & Mining - 2.5%
Anglo American Capital PLC, Senior Notes		4.875	%		5/14/25		359,000		353,385	(a)
ArcelorMittal SA, Senior Notes		7.000	%		10/15/39		1,140,000		1,176,105	(b)
Arsenal AIC Parent LLC, Senior Secured Notes		8.000	%		10/1/30		170,000		173,823	(a)
First Quantum Minerals Ltd., Senior Notes		8.625	%		6/1/31		490,000		499,247	(a)

See Notes to Schedule of Investments.

Western Asset Global High Income Fund Inc. 2023 Quarterly Report      9

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) August 31, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Metals & Mining - (continued)
Southern Copper Corp., Senior Notes		5.250	%		11/8/42		1,620,000		$	1,499,540	(d)
Teck Resources Ltd., Senior Notes		6.000	%		8/15/40		460,000			436,105
Total Metals & Mining										4,138,205
TOTAL MATERIALS										9,923,686
REAL ESTATE - 2.0%
Health Care REITs - 0.1%
Diversified Healthcare Trust, Senior Notes		4.375	%		3/1/31		140,000			105,758
Hotel & Resort REITs - 0.8%
Service Properties Trust, Senior Notes		5.500	%		12/15/27		640,000			567,144	(b)
Service Properties Trust, Senior Notes		4.950	%		10/1/29		480,000			378,970	(b)
Service Properties Trust, Senior Notes		4.375	%		2/15/30		560,000			425,819	(b)
Total Hotel & Resort REITs										1,371,933
Real Estate Management & Development - 1.1%
China Aoyuan Group Ltd., Senior Secured Notes		7.950	%		2/19/24		200,000			6,000	*(c)(h)
China Aoyuan Group Ltd., Senior Secured Notes		7.950	%		6/21/24		400,000			12,000	*(c)(h)
Country Garden Holdings Co. Ltd., Senior Secured Notes		8.000	%		1/27/24		400,000			50,520	(c)
Cushman & Wakefield US Borrower LLC, Senior Secured Notes		8.875	%		9/1/31		180,000			181,638	(a)
Heimstaden AB, Senior Notes		4.250	%		3/9/26		500,000	EUR		286,037	(c)
Samhallsbyggnadsbolaget i Norden AB, Senior Notes		1.125	%		9/4/26		1,920,000	EUR		1,362,332	(c)
Times China Holdings Ltd., Senior Secured Notes		6.750	%		7/8/25		200,000			6,500	*(c)(h)
Total Real Estate Management & Development										1,905,027
TOTAL REAL ESTATE										3,382,718
UTILITIES - 2.0%
Electric Utilities - 0.6%
Eskom Holdings SOC Ltd., Senior Notes		4.314	%		7/23/27		680,000			605,169	(c)
FirstEnergy Corp., Senior Notes		7.375	%		11/15/31		330,000			367,406
Total Electric Utilities										972,575
Gas Utilities - 1.4%
Suburban Propane Partners LP/Suburban Energy Finance Corp., Senior Notes		5.875	%		3/1/27		2,340,000			2,286,532	(b)
TOTAL UTILITIES										3,259,107
TOTAL CORPORATE BONDS & NOTES (Cost - $188,105,399)										195,907,835

See Notes to Schedule of Investments.

    10  Western Asset Global High Income Fund Inc. 2023 Quarterly Report

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) August 31, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
SOVEREIGN BONDS - 18.8%
Angola - 0.6%
Angolan Government International Bond, Senior Notes		8.000	%		11/26/29		1,200,000	$	993,342	(a)
Argentina - 1.9%
Argentine Republic Government International Bond, Senior Notes, Step bond (3.625% to 7/9/24 then 4.125%)		3.625	%		7/9/35		298,291		88,649
Provincia de Buenos Aires, Senior Notes, Step bond (6.375% to 9/1/24 then 6.625%)		6.375	%		9/1/37		160,627		60,795	(a)
Provincia de Cordoba, Senior Notes		6.875	%		12/10/25		250,002		211,252	(a)
Provincia de Cordoba, Senior Notes		6.990	%		6/1/27		1,340,000		1,085,400	(a)
Provincia de Cordoba, Senior Notes (6.875% PIK)		6.875	%		2/1/29		2,180,000		1,711,050	(a)(g)
Total Argentina									3,157,146
Bahamas - 0.2%
Bahamas Government International Bond, Senior Notes		9.000	%		6/16/29		425,000		380,365	(a)
Colombia - 1.1%
Colombia Government International Bond, Senior Notes		3.250	%		4/22/32		1,000,000		751,476	(b)
Colombia Government International Bond, Senior Notes		7.375	%		9/18/37		1,042,000		1,012,044	(b)
Total Colombia									1,763,520
Costa Rica - 0.3%
Costa Rica Government International Bond, Senior Notes		7.158	%		3/12/45		500,000		504,301	(a)
Dominican Republic - 1.3%
Dominican Republic International Bond, Senior Notes		4.500	%		1/30/30		620,000		542,312	(a)
Dominican Republic International Bond, Senior Notes		4.875	%		9/23/32		1,910,000		1,625,391	(a)
Total Dominican Republic									2,167,703
Ecuador - 0.1%
Ecuador Government International Bond, Senior Notes, Step bond (2.500% to 7/31/24 then 5.000%)		2.500	%		7/31/40		480,000		158,792	(a)
Egypt - 0.6%
Egypt Government International Bond, Senior Notes		7.625	%		5/29/32		1,780,000		1,028,044	(c)

See Notes to Schedule of Investments.

Western Asset Global High Income Fund Inc. 2023 Quarterly Report      11

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) August 31, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Indonesia - 0.6%
Indonesia Government International Bond, Senior Notes		6.625	%		2/17/37		945,000		$	1,055,042	(c)
Indonesia Treasury Bond		8.375	%		3/15/34		209,000,000	IDR		15,639
Total Indonesia										1,070,681
Ivory Coast - 0.8%
Ivory Coast Government International Bond, Senior Notes		6.125	%		6/15/33		1,500,000			1,287,488	(a)
Jamaica - 0.4%
Jamaica Government International Bond, Senior Notes		8.000	%		3/15/39		500,000			591,208
Jordan - 0.5%
Jordan Government International Bond, Senior Notes		5.850	%		7/7/30		960,000			890,990	(a)
Kenya - 0.3%
Republic of Kenya Government International Bond, Senior Notes		8.000	%		5/22/32		600,000			498,349	(a)
Mexico - 4.3%
Mexican Bonos, Bonds		7.750	%		5/29/31		77,360,000	MXN		4,150,004
Mexico Government International Bond, Senior Notes		2.659	%		5/24/31		2,020,000			1,676,313
Mexico Government International Bond, Senior Notes		3.500	%		2/12/34		1,500,000			1,246,858
Total Mexico										7,073,175
Nigeria - 1.1%
Nigeria Government International Bond, Senior Notes		7.143	%		2/23/30		920,000			752,100	(a)
Nigeria Government International Bond, Senior Notes		7.696	%		2/23/38		1,450,000			1,058,964	(c)
Total Nigeria										1,811,064
Oman - 0.6%
Oman Government International Bond, Senior Notes		5.625	%		1/17/28		1,000,000			989,227	(a)
Peru - 1.2%
Peruvian Government International Bond, Senior Notes		8.750	%		11/21/33		1,604,000			2,002,129
Russia - 1.1%
Russian Federal Bond - OFZ		7.750	%		9/16/26		375,770,000	RUB		1,175,812	*(h)
Russian Federal Bond - OFZ		6.900	%		5/23/29		206,130,000	RUB		644,996	*(h)
Total Russia										1,820,808

See Notes to Schedule of Investments.

    12  Western Asset Global High Income Fund Inc. 2023 Quarterly Report

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) August 31, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Senegal - 0.2%
Senegal Government International Bond, Senior Notes		6.250	%		5/23/33		450,000	$	369,047	(a)
Turkey - 1.3%
Turkey Government International Bond, Senior Notes		5.125	%		2/17/28		2,000,000		1,802,384
Turkey Government International Bond, Senior Notes		4.875	%		4/16/43		500,000		333,110
Total Turkey									2,135,494
Ukraine - 0.3%
Ukraine Government International Bond, Senior Notes		7.375	%		9/25/34		1,950,000		522,803	*(a)(h)
TOTAL SOVEREIGN BONDS (Cost - $36,563,429)									31,215,676
U.S. GOVERNMENT & AGENCY OBLIGATIONS - 3.0%
U.S. Government Obligations - 3.0%
U.S. Treasury Notes		3.250	%		8/31/24		2,050,000		2,007,736
U.S. Treasury Notes		4.125	%		1/31/25		2,130,000		2,100,463
U.S. Treasury Notes		2.750	%		5/31/29		1,000,000		923,906
TOTAL U.S. GOVERNMENT & AGENCY OBLIGATIONS (Cost - $5,101,754)									5,032,105
CONVERTIBLE BONDS & NOTES - 2.3%
COMMUNICATION SERVICES - 2.3%
Media - 2.3%
DISH Network Corp., Senior Notes		2.375	%		3/15/24		1,220,000		1,157,475	(b)
DISH Network Corp., Senior Notes		0.000	%		12/15/25		370,000		240,056
DISH Network Corp., Senior Notes		3.375	%		8/15/26		3,850,000		2,348,500
TOTAL CONVERTIBLE BONDS & NOTES (Cost - $3,912,813)									3,746,031
SENIOR LOANS - 0.2%
CONSUMER DISCRETIONARY - 0.2%
Diversified Consumer Services - 0.2%
WW International Inc., Initial Term Loan (1 mo. Term SOFR + 3.614%) (Cost - $243,030)		8.946	%		4/13/28		324,000		245,025	(f)(i)(j)
				EXPIRATION DATE		WARRANTS
WARRANTS - 0.0%††
FINANCIALS - 0.0%††
Capital Markets - 0.0%††
EG Acquisition Corp., Class A Shares (Cost - $13,797)					5/28/28		14,410		3,603	*

See Notes to Schedule of Investments.

Western Asset Global High Income Fund Inc. 2023 Quarterly Report      13

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) August 31, 2023

SECURITY						SHARES		VALUE
COMMON STOCKS - 0.0%††
ENERGY - 0.0%††
Energy Equipment & Services - 0.0%††
KCAD Holdings I Ltd. (Cost - $637,539)							77,972,021	$	0	*(k)(l)(m)
TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS (Cost - $234,577,761)									236,150,275
	RATE			MATURITY DATE		FACE AMOUNT†
SHORT-TERM INVESTMENTS - 1.9%
U.S. Treasury Bills - 0.7%
U.S. Treasury Bills (Cost - $1,249,270)		4.336	%		9/5/23		1,250,000		1,249,275	(n)
						SHARES
MONEY MARKET FUNDS - 1.2%
Western Asset Premier Institutional Government Reserves, Premium Shares (Cost - $1,942,721)		5.261	%				1,942,721		1,942,721	(o)(p)
TOTAL SHORT-TERM INVESTMENTS (Cost - $3,191,991)									3,191,996
TOTAL INVESTMENTS - 144.1% (Cost - $237,769,752)									239,342,271
Liabilities in Excess of Other Assets - (44.1)%									(73,237,606	)
TOTAL NET ASSETS - 100.0%								$	166,104,665

See Notes to Schedule of Investments.

    14  Western Asset Global High Income Fund Inc. 2023 Quarterly Report

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.

Schedule of investments (unaudited) (cont’d) August 31, 2023

† 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) 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.

(h) The coupon payment on this security is currently in default as of August 31, 2023.

(i) Interest rates disclosed represent the effective rates on senior loans. Ranges in interest rates are attributable to multiple contracts under the same loan.

(j) 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.

(k) Security is valued in good faith in accordance with procedures approved by the Board of Directors (Note 1).

(l) Security is valued using significant unobservable inputs (Note 1).

(m) Value is less than $1.

(n) Rate shown represents yield-to-maturity.

(o) Rate shown is one-day yield as of the end of the reporting period.

(p) 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 August 31, 2023, the total market value of investments in Affiliated Companies was $1,942,721 and the cost was $1,942,721 (Note 2).

Abbreviation(s) used in this schedule:

EUR	—	Euro
GBP	—	British Pound
ICE	—	Intercontinental Exchange
IDR	—	Indonesian Rupiah
JSC	—	Joint Stock Company
LIBOR	—	London Interbank Offered Rate
MXN	—	Mexican Peso
OFZ	—	Obligatsyi Federal’novo Zaima (Russian Federal Loan Obligation)
PIK	—	Payment-In-Kind
RUB	—	Russian Ruble
SOFR	—	Secured Overnight Financing Rate
USD	—	United States Dollar

See Notes to Schedule of Investments.

Western Asset Global High Income Fund Inc. 2023 Quarterly Report      15

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.

Schedule of investments (unaudited) (cont’d) August 31, 2023

At August 31, 2023, 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**
Goldman Sachs Group Inc.		5.650	%		7/28/2023		TBD***	$	840,497	Corporate Bonds & Notes Cash	$	833,184 105,381
Goldman Sachs Group Inc.		5.750	%		8/28/2023		9/28/2023		3,073,906	Corporate Bonds & Notes Cash		3,164,399 385,404
Goldman Sachs Group Inc.		5.850	%		7/28/2023		TBD***		1,618,072	Corporate Bonds & Notes Cash		1,526,236 202,872
Goldman Sachs Group Inc.		6.000	%		7/28/2023		TBD***		1,110,420	Corporate Bonds & Notes Cash		1,080,313 139,223
									$6,642,895		$	7,437,012

* 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, 2023.

At August 31, 2023, the Fund had the following open forward foreign currency contracts:

Currency Purchased		Currency Sold			Counterparty	Settlement Date		Unrealized Appreciation (Depreciation)
CAD	28,985		USD	21,871	BNP Paribas SA		10/20/23	$	(404	)
MXN	6,620,331		USD	380,934	Goldman Sachs Group Inc.		10/20/23		3,847
EUR	108,400		USD	122,328	Morgan Stanley & Co. Inc.		10/20/23		(4,498	)
GBP	857,806		USD	1,102,952	Morgan Stanley & Co. Inc.		10/20/23		(16,114	)
USD	7,575,015		EUR	6,860,556	Morgan Stanley & Co. Inc.		10/20/23		117,672
USD	3,933,551		GBP	3,062,340	Morgan Stanley & Co. Inc.		10/20/23		53,572
Net unrealized appreciation on open forward foreign currency contracts								$	154,075

Abbreviation(s) used in this table:

CAD	—	Canadian Dollar
EUR	—	Euro
GBP	—	British Pound
MXN	—	Mexican Peso
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.

    16  Western Asset Global High Income Fund Inc. 2023 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 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 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 of Directors.

Pursuant to policies adopted by the Board of Directors, 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

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Notes to Schedule of Investments (unaudited) (continued)

(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 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 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 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.

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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 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		—	$	195,907,835		—		$	195,907,835
Sovereign Bonds		—		31,215,676		—			31,215,676
U.S. Government & Agency Obligations		—		5,032,105		—			5,032,105
Convertible Bonds & Notes		—		3,746,031		—			3,746,031
Senior Loans		—		245,025		—			245,025
Warrants		—		3,603		—			3,603
Common Stocks		—		—	$	0	*		0	*
Total Long-Term Investments		—		236,150,275		0	*		236,150,275
Short-Term Investments†:
U.S. Treasury Bills		—		1,249,275		—			1,249,275
Money Market Funds	$	1,942,721		—		—			1,942,721
Total Short-Term Investments		1,942,721		1,249,275		—			3,191,996
Total Investments	$	1,942,721	$	237,399,550	$	0	*	$	239,342,271
Other Financial Instruments:
Forward Foreign Currency Contracts††		—	$	175,091		—		$	175,091
Total	$	1,942,721	$	237,574,641	$	0	*	$	239,517,362

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Notes to Schedule of Investments (unaudited) (continued)

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††		—	$	21,016		—	$	21,016

† 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 August 31, 2023. The following transactions were effected in such company for the period ended August 31, 2023.

	Affiliate Value at May 31, 2023		Purchased				Sold
			Cost		Shares		Proceeds		Shares
Western Asset Premier Institutional Government Reserves, Premium Shares	$	263,193	$	9,576,568		9,576,568	$	7,897,040		7,897,040

(cont’d)	Realized Gain (Loss)		Dividend Income		Net Increase (Decrease) in Unrealized Appreciation (Depreciation)		Affiliate Value at August 31, 2023
Western Asset Premier Institutional Government Reserves, Premium Shares		—	$	15,949		—	$	1,942,721

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