EHI - Western Asset Global High Income Fund

What this means for you

Sit Investment owned more than 5% of this fund and has since sold down below that level, so it no longer has to report its holding.

Nothing is required of you. If a large investor buys in again, the notice appears here the day it is filed.

Email me if this changes

What happened, and when

1. Oct 2, 2026

   Sit Investment sold down below 5% and stopped reporting.

   Original document →

2. April 23, 2026

   The fund said it may sell new shares.

   Original document →

3. Feb 4, 2026

   Sit Investment cut its stake to 10.1% (from 16.2%), as a passive investor.

   Original document →

4. Jan 10, 2025

   The fund said it may sell new shares.

   Original document →

5. Jan 3, 2025

   Sit Investment now owns 16.2%, as a passive investor.

   Original document →

About this fund

• Run by Franklin Templeton Fund Adviser, LLC. Part of the FRANKLIN TEMPLETON fund family. As of May 31, 2026, from the fund's yearly report. Original document →
• Size: about $193 million of holdings, as of Aug 31, 2026. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 32% on top of its own money, as of Aug 31, 2026. Borrowed money makes gains and losses bigger. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 1.2% a year in management fees; 3.5% a year in total, including interest on borrowed money. Fiscal year ended May 31, 2026. As of May 31, 2026, from the fund's yearly report. Original document →
  Among the 19 funds we follow that invest in high-yield bonds, 16 charge a lower management fee and 14 charge less in total, at their last yearly reports. Both numbers are measured against the fund's own money, not the money it borrows on top, so a fund that borrows more shows higher costs on both counts.
• The fund's own cost example: $1,000 invested costs about $46 in the first year and about $388 over 10 years, assuming the holdings return 5% a year. As of May 31, 2026, from the fund's annual report. Original document →
• Payouts: last fiscal year (ended May 31, 2026) the fund paid $0.84 a share. $0.52 of that was income; $0.32 was your own money back, not income. Most funds announce their monthly or quarterly payout on their own website, not in a filing with the regulator, so a cut or a raise there does not show up here until the next yearly report. A few funds do file a notice about a fixed payout; those appear under What happened, and when. As of May 31, 2026, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (May 31, 2026): $6.55. The shares traded at $6.00, about 8.4% below that. As of May 31, 2026, from the fund's yearly report. Original document →
  Over the last two years the gap (a "discount" when the price is below the value) ranged from 9.5% below to 0.3% above. As of May 31, 2026, from the fund's annual report. Original document →
• How the holdings did: down 1.5% over the last three months we have (June-Aug 2026), before the share price is taken into account. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• First reported to the regulator in 2003.

How this has changed

• Payouts per share: $0.84 in the fiscal year ended May 31, 2026; $0.84 in the year ended May 31, 2025; $0.81 in the year ended May 31, 2024.As of May 31, 2026, from the fund's annual report. Original document →
• Of that, your own money back rather than income: $0.32 in the year ended May 31, 2026; $0.29 in the year ended May 31, 2025; $0.29 in the year ended May 31, 2024.As of May 31, 2026, from the fund's annual report. Original document →
• Costs, including interest on borrowed money: 3.49% a year in the fiscal year ended May 31, 2026; 4.14% a year in the year ended May 31, 2025; 4.46% a year in the year ended May 31, 2024.As of May 31, 2026, from the fund's annual report. Original document →
• Size of the holdings: about $198 million at May 29, 2026; $202 million at May 30, 2025; $163 million at May 31, 2024. From the fund's quarterly holdings reports. Original documents: May 29, 2026 →, May 30, 2025 →, May 31, 2024 →.
• Borrowing: about 33% on top of its own money at May 29, 2026; 31% at May 30, 2025; 32% at May 31, 2024. From the fund's quarterly holdings reports. Original documents: May 29, 2026 →, May 30, 2025 →, May 31, 2024 →.
• The fund had about 30.2 million shares at May 31, 2026, up 33% from May 31, 2024.As of May 31, 2026, from the fund's annual report. Original document →
  In between, the fund said it may sell new shares. Original document →

What these lines mean: a payout that is your own money back, what a fund costs, borrowing.

What a holder made

• The year ended May 31, 2026: the shares returned +6.7%, counting payouts; the holdings +11.1%. The holdings figure is what the fund's investments earned, before the share price is taken into account. As of May 31, 2026, from the fund's annual report. Original document →
• The year ended May 31, 2025: the shares returned +4.2%, counting payouts; the holdings +5%. As of May 31, 2025, from the fund's annual report. Original document →
• The year ended May 31, 2024: the shares returned +17.5%, counting payouts; the holdings +12.3%. As of May 31, 2024, from the fund's annual report. Original document →
• The year ended May 31, 2023: the shares returned -1.8%, counting payouts; the holdings -6.7%. As of May 31, 2023, from the fund's annual report. Original document →
• The year ended May 31, 2022: the shares returned -20.7%, counting payouts; the holdings -13.5%. As of May 31, 2022, from the fund's annual report. Original document →
• Those five years together: the shares returned +1.6%. $10,000 of shares bought at the start (June 1, 2021) would have become about $10,200 by May 31, 2026, with every payout counted, before tax. As of May 31, 2026, from the fund's annual report. Original document →
• The holdings over the last twelve months we have, to Aug 31, 2026: -1.4%. The quarterly reports carry no share price, so this is the holdings alone. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• Of the 15 funds that invest in high-yield bonds with a fiscal year ending within six months of this one, 6 reported a higher share return for that year and 8 a lower one. As of May 31, 2026, from the fund's annual report. Original document →
• A past year says nothing about the next one. All figures are the fund's own, from its reports to the regulator.

Why the shares and the holdings can differ: the gap between price and value. Why payouts count: a payout that is your own money back.

What the fund holds

Mostly bonds (81%), the rest asset-backed bonds, loans and preferred shares. About 57% issued in the U.S.

1. First Quantum Minerals - 2.6%
2. Aercap Ireland Capital Dac / Aercap Global Aviation Trust, Aer 3.4 10/29/33 - 1.8%
3. Pm General Purchaser LLC, Amgene 9.5 10/01/28 144A - 1.6%
4. Carnival UK, Ccl 1 10/28/29 - 1.5%
5. Michaels Companies, Mik 11 03/15/34 144A - 1.5%
6. Petrobras Global Finance BV, Petbra 6.75 01/27/41 - 1.5%
7. Venture Global Lng, VENLNG V9 PERP 144a - 1.4%
8. Echostar, Echo 10.75 11/30/29 . - 1.3%
9. Petroleos Mexicanos SA de CV, Pemex 6.375 01/23/45 - 1.3%
10. Lloyds Banking Group PLC, Lloyds V8 Perp - 1.3%

As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →