PonyWang The Western Asset Global Corporate Defined Opportunity Fund ( NYSE: GDO ) is a closed-end fund that income-focused investors can employ as a method of achieving their goals of receiving a high level of income from the assets in their portfolios. As is the case with many income-focused funds, this one invests in fixed-income securities, so it does require that investors sacrifice some of the upside potential that would be achievable by investing in common equities. However, there could be some reasons to accept that with this fund, especially since it is quite possible that anyone purchasing the shares at today's price could achieve a respectable capital gain by the end of this year.
This comes from the fact that this is a term closed-end fund that is scheduled to liquidate around the end of this year. We will discuss this in more detail later in this article. As of the time of writing, the Western Asset Global Corporate Defined Opportunity Fund has a 9.
94% yield. This compares reasonably well to many of the fund's peers: Fund Name Morningstar Classification Current Yield Western Asset Global Corporate Defined Opportunity Fund Fixed Income-Taxable-Global Income 9.94% DoubleLine Income Solutions Fund ( DSL ) Fixed Income-Taxable-Global Income 10.
48% MFS Multimarket Income Trust ( MMT ) Fixed Income-Taxable-Global Income 8.65% Nuveen Global High Income Fund ( JGH ) Fixed Income-Taxable-Global Income 9.83% Putnam Premier Income Trust ( PPT ) Fixed Income-Taxable-Global I.