Western Asset Emerging Markets Debt Fund Inc.

Western Asset Emerging Markets Debt Fund Inc. is an open-ended fixed-income mutual fund that invests in the fixed income markets of emerging market countries globally. The fund is managed by Legg Mason Partners Fund Advisor, LLC, and co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. It seeks to invest in fixed income securities issued by governments, government-related entities, and corporations, which can be of any maturity and quality. The fund uses fundamental analysis and a top-down security picking approach. This approach focuses on factors such as currency, inflation and interest rate trends, growth rate forecasts, the liquidity of markets for a country's debt, political outlook, and the tax environment to build its portfolio. The fund benchmarks its performance against the JPMorgan Emerging Markets Bond Index Global. Western Asset Emerging Markets Debt Fund Inc. was formed on December 1, 2003, and is domiciled in the United States. It was formerly known as Salomon Brothers Emerging Markets Debt Fund Inc.