(EHI) Western Asset Global High - Ratings and Ratios

The Western Asset Global High Income Closed Fund (NYSE:EHI) is a high-yield bond fund originating from the USA. As a closed-end fund, it is designed to provide a steady income stream to investors by investing in a diversified portfolio of high-yield bonds.

To evaluate the funds performance, we can look at key performance indicators (KPIs) such as the distribution yield, which is a crucial metric for income-focused investors. A higher distribution yield indicates a more attractive income stream. Additionally, the funds expense ratio, which is the cost of managing the fund, is another important KPI. A lower expense ratio is generally more desirable as it reduces the drag on the funds returns.

From a risk perspective, the funds credit quality, duration, and sector allocation are essential factors to consider. A fund with a higher proportion of lower-rated bonds or a longer duration may be more susceptible to market volatility and interest rate changes. The funds sector allocation can also impact its risk profile, with certain sectors being more sensitive to economic cycles.

To assess the funds valuation, we can examine its premium/discount to net asset value (NAV). A fund trading at a discount to NAV may be considered undervalued, while a premium may indicate overvaluation. Furthermore, the funds liquidity, as measured by its trading volume and bid-ask spread, is also an important consideration for investors.