Edgar Filing: WESTERN ASSET GLOBAL CORPORATE DEFINED OPPORTUNITY FUND INC.

Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-22334

Western Asset Global Corporate Defined Opportunity Fund Inc.

(Exact name of registrant as specified in charter)

620 Eighth Avenue, 49^th Floor, New York, NY 10018

(Address of principal executive offices) (Zip code)

Robert I. Frenkel, Esq.

Legg Mason & Co., LLC

100 First Stamford Place

Stamford, CT 06902

(Name and address of agent for service)

Registrant’s telephone number, including area code: (888)-777-0102

Date of fiscal year end: October 31

Date of reporting period: July 31, 2018

ITEM 1.

SCHEDULE OF INVESTMENTS.

WESTERN ASSET GLOBAL CORPORATE DEFINED OPPORTUNITY FUND INC.

FORM N-Q

JULY 31, 2018

WESTERN ASSET GLOBAL CORPORATE DEFINED OPPORTUNITY FUND INC.


Schedule of investments (unaudited)		July 31, 2018


SECURITY‡	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
CORPORATE BONDS & NOTES - 106.9%
CONSUMER DISCRETIONARY - 16.0%
Auto Components - 1.3%
Adient Global Holdings Ltd., Senior Notes		4.875	%		8/15/26		670,000		$	618,075	^(a)
IHO Verwaltungs GmbH, Senior Secured Notes (4.750% Cash or 5.500% PIK)		4.750	%		9/15/26		950,000			895,850	^(a)(b)
JB Poindexter & Co. Inc., Senior Notes		7.125	%		4/15/26		870,000			904,800	^(a)
ZF North America Capital Inc., Senior Notes		4.750	%		4/29/25		1,050,000			1,072,822	^(a)

Total Auto Components										3,491,547

Automobiles - 0.3%
General Motors Co., Senior Notes		6.600	%		4/1/36		720,000			781,852

Diversified Consumer Services - 0.9%
Carriage Services Inc., Senior Notes		6.625	%		6/1/26		870,000			895,012	^(a)
Co-operative Group Holdings 2011 Ltd., Senior Notes		6.875	%		7/8/20		100,000	^GBP		141,608	^(c)
VOC Escrow Ltd., Senior Secured Notes		5.000	%		2/15/28		1,540,000			1,482,250	^(a)

Total Diversified Consumer Services										2,518,870

Food Products - 0.3%
Boparan Finance PLC, Senior Secured Notes		5.500	%		7/15/21		650,000	^GBP		782,397	^(c)

Hotels, Restaurants & Leisure - 3.6%
Brinker International Inc., Senior Notes		5.000	%		10/1/24		1,990,000			1,920,350	^(a)
CPUK Finance Ltd., Senior Secured Notes		7.239	%		2/28/24		1,250,000	^GBP		2,022,005	^(c)
Hilton Domestic Operating Co. Inc., Senior Notes		5.125	%		5/1/26		2,220,000			2,231,100	^(a)
Marston’s Issuer PLC, Secured Bonds (5.641% to 7/15/19 then 3 mo. GBP LIBOR + 2.550%)		5.641	%		7/15/35		1,768,000	^GBP		2,100,132	^(c)(d)
Mitchells & Butlers Finance PLC, Secured Notes		5.965	%		12/15/23		257,652	^GBP		368,052	^(c)
NCL Corp. Ltd., Senior Notes		4.750	%		12/15/21		404,000			405,515	^(a)
Silversea Cruise Finance Ltd., Senior Secured Notes		7.250	%		2/1/25		573,000			623,137	^(a)

Total Hotels, Restaurants & Leisure										9,670,291

Household Durables - 0.4%
LGI Homes Inc., Senior Notes		6.875	%		7/15/26		210,000			210,525	^(a)
TopBuild Corp., Senior Notes		5.625	%		5/1/26		960,000			943,200	^(a)

Total Household Durables										1,153,725

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL CORPORATE DEFINED OPPORTUNITY FUND INC.


Schedule of investments (unaudited) (cont’d)		July 31, 2018


SECURITY‡	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Media - 8.2%
Altice France SA, Senior Secured Bonds		6.250	%		5/15/24		500,000	$	498,750	^(a)
Altice France SA, Senior Secured Notes		7.375	%		5/1/26		3,820,000		3,791,350	^(a)
Altice Luxembourg SA, Senior Secured Notes		7.750	%		5/15/22		1,720,000		1,717,850	^(a)
CCO Holdings LLC/CCO Holdings Capital Corp., Senior Notes		5.125	%		5/1/27		100,000		95,719	^(a)
CCO Holdings LLC/CCO Holdings Capital Corp., Senior Notes		5.000	%		2/1/28		1,220,000		1,152,137	^(a)
Charter Communications Operating LLC/Charter Communications Operating Capital Corp., Senior Secured Notes		6.384	%		10/23/35		720,000		781,649
Charter Communications Operating LLC/Charter Communications Operating Capital Corp., Senior Secured Notes		6.484	%		10/23/45		2,660,000		2,911,813
Comcast Corp., Senior Notes		5.700	%		7/1/19		1,800,000		1,848,212
DISH DBS Corp., Senior Notes		5.875	%		11/15/24		710,000		591,963
DISH DBS Corp., Senior Notes		7.750	%		7/1/26		2,800,000		2,457,000
Grupo Televisa SAB, Senior Notes		6.625	%		1/15/40		1,730,000		1,993,803
Time Warner Cable LLC, Senior Secured Notes		8.750	%		2/14/19		1,500,000		1,546,051
UBM PLC, Senior Notes		5.750	%		11/3/20		1,500,000		1,526,882	^(a)
UPC Holding BV, Senior Secured Notes		5.500	%		1/15/28		500,000		460,000	^(a)
Virgin Media Finance PLC, Senior Notes		6.000	%		10/15/24		440,000		431,750	^(a)
Virgin Media Secured Finance PLC,
Senior Secured Notes		5.500	%		8/15/26		200,000		191,000	^(a)

Total Media									21,995,929

Specialty Retail - 0.6%
Hertz Corp., Senior Notes		5.875	%		10/15/20		760,000		755,136
Party City Holdings Inc., Senior Notes		6.625	%		8/1/26		800,000		804,000	^(a)(e)

Total Specialty Retail									1,559,136

Textiles, Apparel & Luxury Goods - 0.4%
Hanesbrands Inc., Senior Notes		4.625	%		5/15/24		980,000		957,950	^(a)

TOTAL CONSUMER DISCRETIONARY									42,911,697

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL CORPORATE DEFINED OPPORTUNITY FUND INC.


Schedule of investments (unaudited) (cont’d)		July 31, 2018


SECURITY‡	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
CONSUMER STAPLES - 3.8%
Beverages - 1.0%
Anheuser-Busch InBev Finance Inc., Senior Notes		3.650	%		2/1/26		1,750,000		$	1,719,695
Anheuser-Busch InBev Finance Inc., Senior Notes		4.700	%		2/1/36		940,000			973,693

Total Beverages										2,693,388

Food & Staples Retailing - 0.7%
Tesco PLC, Senior Notes		6.125	%		2/24/22		1,200,000	^GBP		1,781,944

Food Products - 0.3%
Kraft Heinz Foods Co., Senior Notes		3.950	%		7/15/25		740,000			727,099

Tobacco - 1.8%
BAT International Finance PLC, Senior Notes		4.875	%		2/24/21		1,450,000	^EUR		1,899,202	^(c)
Reynolds American Inc., Senior Notes		8.125	%		6/23/19		2,305,000			2,409,793
Reynolds American Inc., Senior Notes		5.850	%		8/15/45		540,000			608,915

Total Tobacco										4,917,910

TOTAL CONSUMER STAPLES										10,120,341

ENERGY - 16.6%
Energy Equipment & Services - 0.2%
Transocean Guardian Ltd., Senior Secured Notes		5.875	%		1/15/24		500,000			505,625	^(a)

Oil, Gas & Consumable Fuels - 16.4%
Anadarko Petroleum Corp., Senior Notes		6.450	%		9/15/36		870,000			1,022,081
Andeavor Logistics LP/Tesoro Logistics Finance Corp.		6.375	%		5/1/24		340,000			362,817
Blue Racer Midstream LLC/Blue Racer Finance Corp., Senior Notes		6.625	%		7/15/26		490,000			494,900	^(a)
Cheniere Corpus Christi Holdings LLC, Senior Secured Notes		5.125	%		6/30/27		850,000			855,738
Chesapeake Energy Corp., Senior Notes		6.875	%		11/15/20		470,000			492,325
Chesapeake Energy Corp., Senior Notes		5.375	%		6/15/21		560,000			560,000
Continental Resources Inc., Senior Notes		4.500	%		4/15/23		1,500,000			1,527,664
Continental Resources Inc., Senior Notes		3.800	%		6/1/24		500,000			491,794
Dolphin Energy Ltd. LLC, Senior Secured Bonds		5.888	%		6/15/19		352,600			357,825	^(c)
Ecopetrol SA, Senior Notes		7.625	%		7/23/19		1,650,000			1,721,461
Ecopetrol SA, Senior Notes		5.375	%		6/26/26		500,000			520,600
Ecopetrol SA, Senior Notes		5.875	%		5/28/45		3,000,000			3,009,750
Enterprise Products Operating LLC		6.500	%		1/31/19		1,290,000			1,313,117

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL CORPORATE DEFINED OPPORTUNITY FUND INC.


Schedule of investments (unaudited) (cont’d)		July 31, 2018


SECURITY‡	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Oil, Gas & Consumable Fuels - (continued)
Genesis Energy LP/Genesis Energy Finance Corp., Senior Notes		5.625	%		6/15/24		940,000	$	881,250
Genesis Energy LP/Genesis Energy Finance Corp., Senior Notes		6.500	%		10/1/25		270,000		262,575
Genesis Energy LP/Genesis Energy Finance Corp., Senior Notes		6.250	%		5/15/26		360,000		339,300
KazMunayGas National Co. JSC, Senior Notes		4.750	%		4/19/27		2,130,000		2,141,214	^(a)
Lukoil International Finance BV, Senior Notes		6.656	%		6/7/22		1,110,000		1,201,248	^(c)
MEG Energy Corp., Secured		6.500	%		1/15/25		650,000		641,875	^(a)
MEG Energy Corp., Senior Notes		7.000	%		3/31/24		1,430,000		1,299,512	^(a)
NGPL PipeCo LLC, Senior Notes		7.768	%		12/15/37		800,000		988,000	^(a)
Oasis Petroleum Inc., Senior Notes		6.500	%		11/1/21		910,000		928,200
Oasis Petroleum Inc., Senior Notes		6.875	%		1/15/23		150,000		153,563
Oasis Petroleum Inc., Senior Notes		6.250	%		5/1/26		320,000		322,000	^(a)
Occidental Petroleum Corp., Senior Notes		4.625	%		6/15/45		700,000		735,929
Petrobras Global Finance BV, Senior Notes		6.250	%		3/17/24		380,000		388,265
Petrobras Global Finance BV, Senior Notes		7.375	%		1/17/27		330,000		343,860
Petrobras Global Finance BV, Senior Notes		5.999	%		1/27/28		150,000		142,193	^(a)
Petrobras Global Finance BV, Senior Notes		5.750	%		2/1/29		1,520,000		1,396,880
Petrobras Global Finance BV, Senior Notes		6.750	%		1/27/41		920,000		877,450
Petroleos Mexicanos, Senior Notes		4.875	%		1/24/22		660,000		666,343
Petronas Capital Ltd., Senior Notes		5.250	%		8/12/19		410,000		419,092	^(a)
Petronas Capital Ltd., Senior Notes		5.250	%		8/12/19		930,000		950,623	^(c)
Ras Laffan Liquefied Natural Gas Co. Ltd. 3, Senior Secured Bonds		6.750	%		9/30/19		2,280,000		2,367,237	^(c)
Rockies Express Pipeline LLC, Senior Notes		7.500	%		7/15/38		330,000		397,650	^(a)
Sabine Pass Liquefaction LLC, Senior Secured Notes		5.750	%		5/15/24		540,000		583,059
Sabine Pass Liquefaction LLC, Senior Secured Notes		5.000	%		3/15/27		1,940,000		2,003,217

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL CORPORATE DEFINED OPPORTUNITY FUND INC.


Schedule of investments (unaudited) (cont’d)		July 31, 2018


SECURITY‡	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Oil, Gas & Consumable Fuels - (continued)
Targa Resources Partners LP/Targa Resources Partners Finance Corp., Senior Notes		5.125	%		2/1/25		590,000		$	588,525
Targa Resources Partners LP/Targa Resources Partners Finance Corp., Senior Notes		5.875	%		4/15/26		650,000			663,813	^(a)
Targa Resources Partners LP/Targa Resources Partners Finance Corp., Senior Notes		5.375	%		2/1/27		600,000			595,494
Targa Resources Partners LP/Targa Resources Partners Finance Corp., Senior Notes		5.000	%		1/15/28		1,245,000			1,178,081	^(a)
Transcontinental Gas Pipe Line Co., LLC, Senior Notes		7.850	%		2/1/26		1,000,000			1,223,979
Transportadora de Gas del Peru SA, Senior Notes		4.250	%		4/30/28		2,250,000			2,235,937	^(a)
Transportadora de Gas del Sur SA, Senior Notes		6.750	%		5/2/25		420,000			396,774	^(a)
Whiting Petroleum Corp., Senior Notes		6.250	%		4/1/23		190,000			197,363
Williams Cos. Inc., Senior Notes		5.250	%		3/15/20		610,000			628,331
Williams Cos. Inc., Senior Notes		3.700	%		1/15/23		1,150,000			1,127,000
Williams Cos. Inc., Senior Notes		4.550	%		6/24/24		670,000			676,700
Williams Cos. Inc., Senior Notes		7.500	%		1/15/31		340,000			411,400
Williams Cos. Inc., Senior Notes		5.750	%		6/24/44		450,000			481,500
WPX Energy Inc., Senior Notes		8.250	%		8/1/23		400,000			454,520

Total Oil, Gas & Consumable Fuels										44,020,024

TOTAL ENERGY										44,525,649

FINANCIALS - 31.0%
Banks - 20.7%
Australia & New Zeland Banking Group Ltd., Subordinated Notes		7.625	%		5/6/19		1,250,000			1,298,425	^(c)
Australia & New Zeland Banking Group Ltd., Subordinated Notes		5.125	%		9/10/19		1,250,000	^EUR		1,543,447	^(c)
Banco del Estado de Chile, Senior Notes		4.125	%		10/7/20		1,540,000			1,564,548	^(a)
Bank of America Corp., Junior Subordinated Notes (6.500% to 10/23/24 then 3 mo. USD LIBOR + 4.174%)		6.500	%		10/23/24		170,000			182,538	^(d)(f)
Bank of America Corp., Junior Subordinated Notes (5.875% to 3/15/28 then 3 mo. USD LIBOR + 2.931%)		5.875	%		3/15/28		550,000			545,187	^(d)(f)

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL CORPORATE DEFINED OPPORTUNITY FUND INC.


Schedule of investments (unaudited) (cont’d)		July 31, 2018


SECURITY‡	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Banks - (continued)
Bank of America Corp., Senior Notes		3.500	%		4/19/26		1,250,000		$	1,212,050
Bank of America Corp., Subordinated Notes		4.250	%		10/22/26		500,000			496,018
Barclays Bank PLC, Subordinated Notes		7.625	%		11/21/22		4,180,000			4,532,687
Barclays PLC, Junior Subordinated Notes (8.250% to 12/15/18 then USD 5 year Swap Rate + 6.705%)		8.250	%		12/15/18		240,000			244,839	^(d)(f)
Barclays PLC, Subordinated Notes		4.836	%		5/9/28		480,000			457,959
BNP Paribas SA, Junior Subordinated Notes (7.375% to 8/19/25 then USD 5 year Swap Rate + 5.150%)		7.375	%		8/19/25		1,620,000			1,723,275	^(a)(d)(f)
CIT Group Inc., Senior Notes		4.125	%		3/9/21		390,000			390,487
CIT Group Inc., Senior Notes		5.000	%		8/15/22		110,000			112,338
CIT Group Inc., Senior Notes		5.000	%		8/1/23		370,000			376,937
Citigroup Inc., Senior Notes		7.375	%		9/4/19		1,300,000	^EUR		1,644,072
Citigroup Inc., Subordinated Notes		4.450	%		9/29/27		1,000,000			989,749
Citigroup Inc., Subordinated Notes		4.125	%		7/25/28		1,000,000			964,458
Commonwealth Bank of Australia, Subordinated Notes		5.500	%		8/6/19		1,200,000	^EUR		1,480,707
Cooperatieve Rabobank U.A., Junior Subordinated Notes (11.000% to 6/30/19 then 3 mo. USD LIBOR + 10.868%)		11.000	%		6/30/19		1,997,000			2,140,285	^(a)(d)(f)
Cooperatieve Rabobank UA, Subordinated Notes		4.625	%		12/1/23		500,000			508,531
Credit Agricole SA, Junior Subordinated Notes (8.375% to 10/13/19 then 3 mo. USD LIBOR + 6.982%)		8.375	%		10/13/19		2,530,000			2,669,150	^(a)(d)(f)
Credit Agricole SA, Junior Subordinated Notes (8.125% to 12/23/25 then USD 5 year Swap Rate + 6.185%)		8.125	%		12/23/25		560,000			616,237	^(a)(d)(f)
Credit Agricole SA, Junior Subordinated Notes (7.875% to 10/26/19 then 3 mo. Euribor + 6.424%)		7.875	%		10/29/49		400,000	^EUR		509,149	^(c)(d)(f)
Credit Agricole SA, Subordinated Notes		4.375	%		3/17/25		530,000			521,265	^(a)
Credit Agricole SA, Subordinated Notes (8.125% to 9/19/18 then USD 5 year Swap Rate + 6.283%)		8.125	%		9/19/33		900,000			906,273	^(a)(d)
HSBC Holdings PLC, Junior Subordinated Notes (6.375% to 3/30/25 then USD 5 year ICE Swap Rate + 4.368%)		6.375	%		3/30/25		2,070,000			2,084,200	^(d)(f)

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL CORPORATE DEFINED OPPORTUNITY FUND INC.


Schedule of investments (unaudited) (cont’d)		July 31, 2018


SECURITY‡	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Banks - (continued)
Intesa Sanpaolo SpA, Junior Subordinated Notes (8.375% to 10/14/19 then 3 mo. Euribor + 6.871%)		8.375	%		10/14/19		450,000	^EUR	$	560,523	^(c)(d)(f)
Intesa Sanpaolo SpA, Subordinated Notes		5.017	%		6/26/24		2,860,000			2,643,419	^(a)
Intesa Sanpaolo SpA, Subordinated Notes		5.710	%		1/15/26		600,000			557,937	^(a)
JPMorgan Chase & Co., Junior Subordinated Notes (6.000% to 8/1/23 then 3 mo. USD LIBOR + 3.300%)		6.000	%		8/1/23		5,370,000			5,562,407	^(d)(f)
JPMorgan Chase & Co., Junior Subordinated Notes (6.100% to 10/1/24 then 3 mo. USD LIBOR + 3.330%)		6.100	%		10/1/24		250,000			257,770	^(d)(f)
Lloyds Banking Group PLC, Subordinated Notes		4.650	%		3/24/26		1,200,000			1,191,527
National Capital Trust I, Junior Subordinated Bonds (5.620% to 12/17/18 then 5 year UK Gilt + 1.930%)		5.620	%		12/17/18		266,000	^GBP		354,275	^(c)(d)(f)
Royal Bank of Scotland Group PLC, Junior Subordinated Notes (8.625% to 8/15/21 then USD 5 year Swap Rate + 7.598%)		8.625	%		8/15/21		510,000			551,616	^(d)(f)
Royal Bank of Scotland Group PLC, Subordinated Notes		5.125	%		5/28/24		1,350,000			1,375,960
Santander UK Group Holdings PLC, Junior Subordinated Bonds, (7.375% to 6/24/22 then GBP 5 year Swap Rate + 5.543%)		7.375	%		6/24/22		650,000	^GBP		897,308	^(c)(d)(f)
Santander UK PLC, Subordinated Notes		5.000	%		11/7/23		1,120,000			1,138,800	^(a)
Societe Generale SA, Junior Subordinated Notes (9.375% to 9/4/19 then 3 mo. Euribor + 8.901%)		9.375	%		9/4/19		1,550,000	^EUR		1,984,752	^(c)(d)(f)
UBS Group Funding Switzerland AG, Senior Notes		4.253	%		3/23/28		1,830,000			1,837,085	^(a)
Wachovia Capital Trust III, Junior Subordinated Notes (the greater of 3 mo. USD LIBOR + 0.930% or 5.570%)		5.570	%		10/9/18		3,660,000			3,648,471	^(d)(f)

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL CORPORATE DEFINED OPPORTUNITY FUND INC.


Schedule of investments (unaudited) (cont’d)		July 31, 2018


SECURITY‡	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Banks - (continued)
Wells Fargo & Co., Junior Subordinated Notes (5.900% to 6/15/24 then 3 mo. USD LIBOR + 3.110%)		5.900	%		6/15/24		2,910,000		$	2,944,192	^(d)
Wells Fargo & Co., Junior Subordinated Notes (5.875% to 6/15/25 then 3 mo. USD LIBOR + 3.990%)		5.875	%		6/15/25		110,000			115,198	^(d)(f)

Total Banks										55,336,051

Capital Markets - 2.8%
Credit Suisse Group Funding Guernsey Ltd., Senior Notes		4.875	%		5/15/45		470,000			481,870
Goldman Sachs Group Inc., Senior Notes		3.500	%		11/16/26		1,000,000			950,008
Goldman Sachs Group Inc., Subordinated Notes		4.750	%		10/12/21		2,700,000	^EUR		3,557,063
Goldman Sachs Group Inc., Subordinated Notes		5.500	%		10/12/21		600,000	^GBP		869,767
Goldman Sachs Group Inc., Subordinated Notes		5.150	%		5/22/45		1,480,000			1,537,450

Total Capital Markets										7,396,158

Consumer Finance - 0.6%
FirstCash Inc., Senior Notes		5.375	%		6/1/24		670,000			670,000	^(a)
Navient Corp., Medium-Term Notes, Senior Notes		8.000	%		3/25/20		930,000			983,475

Total Consumer Finance										1,653,475

Diversified Financial Services - 3.8%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, Senior Notes		4.250	%		7/1/20		430,000			434,426
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, Senior Notes		4.625	%		7/1/22		380,000			386,821
DAE Funding LLC, Senior Notes		5.000	%		8/1/24		3,395,000			3,344,075	^(a)
Garfunkelux Holdco 3 SA, Senior Secured Notes		7.500	%		8/1/22		450,000	^EUR		519,827	^(c)
International Lease Finance Corp., Senior Notes		6.250	%		5/15/19		1,260,000			1,292,112
International Lease Finance Corp., Senior Notes		5.875	%		8/15/22		330,000			351,961
Nationwide Building Society, Junior Subordinated Notes (6.875% to 6/20/19 then GBP 5 year Swap Rate + 4.880%)		6.875	%		6/20/19		580,000	^GBP		785,917	^(c)(d)(f)

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL CORPORATE DEFINED OPPORTUNITY FUND INC.


Schedule of investments (unaudited) (cont’d)		July 31, 2018


SECURITY‡	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Diversified Financial Services - (continued)
Park Aerospace Holdings Ltd., Senior Notes		5.500	%		2/15/24		1,970,000		$	1,950,300	^(a)
Travelport Corporate Finance PLC, Senior Secured Notes		6.000	%		3/15/26		1,190,000			1,213,800	^(a)

Total Diversified Financial Services										10,279,239

Insurance - 3.1%
AXA SA, Junior Subordinated Notes ( 6.463% to 12/14/18 then 3 mo. USD LIBOR + 1.449%)		6.463	%		12/14/18		2,000,000			1,980,000	^(a)(d)(f)
BUPA Finance PLC, Subordinated Bonds		5.000	%		4/25/23		910,000	^GBP		1,300,854	^(c)
Farmers Insurance Exchange, Subordinated Notes		8.625	%		5/1/24		1,295,000			1,550,478	^(a)
Galaxy Bidco Ltd., Senior Secured Notes		6.375	%		11/15/20		370,000	^GBP		486,785	^(c)
MetLife Capital Trust IV, Junior Subordinated Notes		7.875	%		12/15/37		300,000			373,899	^(a)
Scottish Widows Ltd., Subordinated Notes		5.500	%		6/16/23		910,000	^GBP		1,323,554	^(c)
Travelers Cos Inc., Senior Notes		5.350	%		11/1/40		1,150,000			1,337,889

Total Insurance										8,353,459

TOTAL FINANCIALS										83,018,382

HEALTH CARE - 6.4%
Biotechnology - 1.0%
AbbVie, Inc., Senior Notes		3.200	%		5/14/26		1,000,000			940,335
Celgene Corp., Senior Notes		3.250	%		8/15/22		1,000,000			984,879
Celgene Corp., Senior Notes		4.625	%		5/15/44		750,000			720,046

Total Biotechnology										2,645,260

Health Care Providers & Services - 2.3%
Centene Corp., Senior Notes		5.625	%		2/15/21		480,000			491,700
Centene Corp., Senior Notes		6.125	%		2/15/24		370,000			390,350
Centene Corp., Senior Notes		4.750	%		1/15/25		1,550,000			1,551,938
CVS Health Corp., Senior Notes		4.100	%		3/25/25		1,000,000			1,001,294
HCA Inc., Senior Secured Notes		5.250	%		6/15/26		470,000			478,225
HCA Inc., Senior Secured Notes		4.500	%		2/15/27		1,000,000			975,000
RegionalCare Hospital Partners Holdings, Inc., Senior Secured Notes		8.250	%		5/1/23		480,000			511,200	^(a)
UnitedHealth Group Inc., Senior Notes		3.750	%		7/15/25		750,000			753,938

Total Health Care Providers & Services										6,153,645

Pharmaceuticals - 3.1%
Allergan Funding SCS, Senior Notes		3.000	%		3/12/20		750,000			747,214
Bausch Health Cos. Inc., Senior Notes		5.875	%		5/15/23		210,000			202,493	^(a)

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL CORPORATE DEFINED OPPORTUNITY FUND INC.


Schedule of investments (unaudited) (cont’d)		July 31, 2018


SECURITY‡	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Pharmaceuticals - continued
Bausch Health Cos. Inc., Senior Notes		6.125	%		4/15/25		1,390,000		$	1,308,337	^(a)
Teva Pharmaceutical Finance Co. BV, Senior Notes		3.650	%		11/10/21		110,000			105,687
Teva Pharmaceutical Finance Netherlands III BV, Senior Notes		2.200	%		7/21/21		6,400,000			5,971,744

Total Pharmaceuticals										8,335,475

TOTAL HEALTH CARE										17,134,380

INDUSTRIALS - 6.7%
Aerospace & Defense - 0.6%
BBA US Holdings Inc., Senior Notes		5.375	%		5/1/26		960,000			969,590	^(a)
BWX Technologies Inc., Senior Notes		5.375	%		7/15/26		650,000			661,375	^(a)

Total Aerospace & Defense										1,630,965

Airlines - 0.5%
Manchester Airport Group Funding PLC, Senior Secured Notes		4.125	%		4/2/24		860,000	^GBP		1,249,917	^(c)

Building Products - 1.3%
GTL Trade Finance Inc., Senior Notes		7.250	%		4/16/44		1,220,000			1,281,012	^(a)
Standard Industries Inc., Senior Notes		5.000	%		2/15/27		1,130,000			1,062,200	^(a)
Standard Industries Inc., Senior Notes		4.750	%		1/15/28		1,380,000			1,269,600	^(a)

Total Building Products										3,612,812

Commercial Services & Supplies - 0.9%
Brink’s Co., Senior Notes		4.625	%		10/15/27		840,000			795,900	^(a)
Republic Services Inc., Senior Notes		5.250	%		11/15/21		1,450,000			1,534,378

Total Commercial Services & Supplies										2,330,278

Construction & Engineering - 0.3%
Brundage-Bone Concrete Pumping Inc., Senior Secured Notes		10.375	%		9/1/23		720,000			768,600	^(a)

Industrial Conglomerates - 0.6%
General Electric Co., Senior Notes		6.875	%		1/10/39		1,250,000			1,579,696

Machinery - 1.1%
Allison Transmission Inc., Senior Notes		4.750	%		10/1/27		3,120,000			2,909,400	^(a)

Road & Rail - 0.4%
Eversholt Funding PLC, Senior Secured Notes		6.359	%		12/2/25		740,000	^GBP		1,192,307	^(c)

Trading Companies & Distributors - 1.0%
Ashtead Capital Inc., Secured Notes		4.125	%		8/15/25		2,020,000			1,931,625	^(a)
Ashtead Capital Inc., Secured Notes		4.375	%		8/15/27		875,000			835,363	^(a)

Total Trading Companies & Distributors										2,766,988

TOTAL INDUSTRIALS										18,040,963

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL CORPORATE DEFINED OPPORTUNITY FUND INC.


Schedule of investments (unaudited) (cont’d)		July 31, 2018


SECURITY‡	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
INFORMATION TECHNOLOGY - 4.4%
Internet Software & Services - 0.8%
Match Group Inc., Senior Notes		5.000	%		12/15/27		2,460,000		$	2,320,088	^(a)

Semiconductors & Semiconductor Equipment - 0.6%
Broadcom Corp./Broadcom Cayman Finance Ltd., Senior Notes		3.125	%		1/15/25		1,750,000			1,611,557

Software - 1.2%
CDK Global Inc., Senior Notes		5.875	%		6/15/26		980,000			1,006,950
j2 Cloud Services LLC/j2 Global Co-Obligor Inc., Senior Notes		6.000	%		7/15/25		820,000			834,350	^(a)
Microsoft Corp., Senior Notes		2.875	%		2/6/24		1,330,000			1,304,499

Total Software										3,145,799

Technology Hardware, Storage & Peripherals - 1.8%
HP Inc., Senior Notes		4.650	%		12/9/21		2,000,000			2,068,857
Seagate HDD Cayman, Senior Notes		4.750	%		1/1/25		2,330,000			2,263,408
Seagate HDD Cayman, Senior Notes		4.875	%		6/1/27		520,000			489,869

Total Technology Hardware, Storage & Peripherals										4,822,134

TOTAL INFORMATION TECHNOLOGY										11,899,578

MATERIALS - 7.9%
Chemicals - 0.9%
Braskem Netherlands Finance BV, Senior Notes		3.500	%		1/10/23		820,000			788,233	^(c)
OCP SA, Senior Notes		5.625	%		4/25/24		800,000			838,070	^(a)
Valvoline Inc., Senior Notes		4.375	%		8/15/25		980,000			924,875

Total Chemicals										2,551,178

Construction Materials - 0.3%
HeidelbergCement Finance Luxembourg SA, Senior Notes		8.500	%		10/31/19		610,000	^EUR		789,299	^(c)

Containers & Packaging - 0.7%
ARD Securities Finance SARL, Senior Secured Notes, (8.750% PIK)		8.750	%		1/31/23		800,000			804,000	^(a)(b)
Suzano Trading Ltd., Senior Notes		5.875	%		1/23/21		970,000			1,013,650	^(a)

Total Containers & Packaging										1,817,650

Metals & Mining - 5.4%
Alcoa Nederland Holding BV, Senior Notes		6.750	%		9/30/24		380,000			406,125	^(a)
Alcoa Nederland Holding BV, Senior Notes		7.000	%		9/30/26		910,000			987,350	^(a)
Alcoa Nederland Holding BV, Senior Notes		6.125	%		5/15/28		400,000			413,000	^(a)
ArcelorMittal SA, Senior Notes		7.000	%		10/15/39		750,000			849,375

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL CORPORATE DEFINED OPPORTUNITY FUND INC.


Schedule of investments (unaudited) (cont’d)		July 31, 2018


SECURITY‡	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Metals & Mining - (continued)
BHP Billiton Finance USA Ltd., Senior Notes (6.750% to 10/20/25 then USD 5 year Swap Rate + 5.093%)		6.750	%		10/19/75		1,500,000	$	1,649,250	^(a)(d)
Freeport-McMoRan Inc., Senior Notes		6.875	%		2/15/23		1,790,000		1,924,250
Freeport-McMoRan Inc., Senior Notes		5.450	%		3/15/43		700,000		625,100
Hudbay Minerals Inc., Senior Notes		7.625	%		1/15/25		370,000		383,875	^(a)
Southern Copper Corp., Senior Notes		5.250	%		11/8/42		1,850,000		1,898,788
Teck Resources Ltd., Senior Notes		8.500	%		6/1/24		580,000		640,175	^(a)
Teck Resources Ltd., Senior Notes		6.250	%		7/15/41		600,000		628,500
Vale Overseas Ltd., Senior Notes		4.375	%		1/11/22		2,816,000		2,873,728
Vale Overseas Ltd., Senior Notes		6.875	%		11/21/36		340,000		396,848
Vale Overseas Ltd., Senior Notes		6.875	%		11/10/39		750,000		886,875

Total Metals & Mining									14,563,239

Paper & Forest Products - 0.6%
Celulosa Arauco y Constitucion, S.A., Senior Notes		7.250	%		7/29/19		1,220,000		1,268,934
Fibria Overseas Finance Ltd., Senior Notes		5.250	%		5/12/24		260,000		267,475

Total Paper & Forest Products									1,536,409

TOTAL MATERIALS									21,257,775

REAL ESTATE - 1.4%
Equity Real Estate Investment Trusts (REITs) - 1.2%
MPT Operating Partnership LP/MPT Finance Corp., Senior Notes		6.375	%		3/1/24		440,000		464,200
MPT Operating Partnership LP/MPT Finance Corp., Senior Notes		5.250	%		8/1/26		2,620,000		2,600,350

Total Equity Real Estate Investment Trusts (REITs)									3,064,550

Real Estate Management & Development - 0.2%
WeWork Cos. Inc., Senior Notes		7.875	%		5/1/25		570,000		557,175	^(a)

TOTAL REAL ESTATE									3,621,725

TELECOMMUNICATION SERVICES - 9.2%
Diversified Telecommunication Services - 5.9%
Cogent Communications Group Inc., Senior Secured Notes		5.375	%		3/1/22		915,000		935,587	^(a)
Ooredoo International Finance Ltd., Senior Notes		4.750	%		2/16/21		650,000		670,404	^(a)
Qwest Corp., Senior Notes		6.750	%		12/1/21		2,500,000		2,663,849
Telecom Italia SpA, Senior Notes		5.303	%		5/30/24		1,120,000		1,127,000	^(a)
Telefonica Emisiones SAU, Senior Notes		5.134	%		4/27/20		2,000,000		2,064,339
Telefonica Emisiones SAU, Senior Notes		7.045	%		6/20/36		2,000,000		2,449,364

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL CORPORATE DEFINED OPPORTUNITY FUND INC.


Schedule of investments (unaudited) (cont’d)		July 31, 2018


SECURITY‡	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Diversified Telecommunication Services - (continued)
UPCB Finance IV Ltd., Senior Secured Notes		5.375	%		1/15/25		805,000		$	780,850	^(a)
Verizon Communications Inc., Senior Notes		5.150	%		9/15/23		2,800,000			3,004,880
Windstream Services LLC/Windstream Finance Corp., Senior Notes		7.750	%		10/15/20		2,450,000			2,217,250

Total Diversified Telecommunication Services										15,913,523

Wireless Telecommunication Services - 3.3%
America Movil SAB de CV, Senior Notes		6.125	%		3/30/40		650,000			766,587
CSC Holdings LLC, Senior Notes		6.625	%		10/15/25		760,000			786,600	^(a)
CSC Holdings LLC, Senior Notes		10.875	%		10/15/25		1,143,000			1,328,738	^(a)
Sprint Capital Corp., Senior Notes		8.750	%		3/15/32		90,000			97,088
Sprint Communications Inc., Senior Notes		11.500	%		11/15/21		1,000,000			1,175,000
Sprint Corp., Senior Notes		7.875	%		9/15/23		3,410,000			3,648,700
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC, Senior Secured Notes		3.360	%		9/20/21		1,031,875			1,029,295	^(a)

Total Wireless Telecommunication Services										8,832,008

TOTAL TELECOMMUNICATION SERVICES										24,745,531

UTILITIES - 3.5%
Electric Utilities - 2.2%
Enel SpA, Junior Subordinated Bonds (7.750% to 9/10/20 then GBP 5 year Swap Rate + 5.662%)		7.750	%		9/10/75		1,740,000	^GBP		2,529,311	^(c)(d)
FirstEnergy Corp., Senior Notes		7.375	%		11/15/31		1,930,000			2,504,020
Pampa Energia SA, Senior Notes		7.500	%		1/24/27		840,000			791,700	^(a)

Total Electric Utilities										5,825,031

Gas Utilities - 0.3%
Suburban Propane Partners LP/Suburban Energy Finance Corp., Senior Notes		5.750	%		3/1/25		620,000			595,200
Suburban Propane Partners LP/Suburban Energy Finance Corp., Senior Notes		5.875	%		3/1/27		240,000			225,000

Total Gas Utilities										820,200

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL CORPORATE DEFINED OPPORTUNITY FUND INC.


Schedule of investments (unaudited) (cont’d)		July 31, 2018


SECURITY‡	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Multi-Utilities - 1.0%
Empresas Publicas de Medellin ESP, Senior Notes		7.625	%		7/29/19		1,210,000		$	1,259,610	^(a)
Veolia Environment SA, Senior Notes		6.750	%		4/24/19		1,200,000	^EUR		1,474,954

Total Multi-Utilities										2,734,564

TOTAL UTILITIES										9,379,795

TOTAL CORPORATE BONDS & NOTES (Cost - $278,877,102)										286,655,816

SENIOR LOANS - 12.8%
CONSUMER DISCRETIONARY - 7.7%
Auto Components - 0.5%
American Axle & Manufacturing Inc., Term Loan B (1 mo. LIBOR + 2.250%)		4.320	%		4/6/24		1,257,433			1,255,337	^(d)(g)(h)

Diversified Financial Services - 0.4%
Weight Watchers International Inc., Term Loan B (1 mo. LIBOR + 4.750%)		6.850-7.090	%		11/29/24		1,121,250			1,131,762	^(d)(g)(h)

Hotels, Restaurants & Leisure - 3.4%
Aramark Services Inc., Term Loan B3 (3 mo. LIBOR + 1.750%)		4.084	%		3/11/25		3,729,747			3,742,570	^(d)(g)(h)
Hilton Worldwide Finance LLC, Term Loan B2 (1 mo. LIBOR + 1.750%)		3.814	%		10/25/23		654,319			657,060	^(d)(g)(h)
Las Vegas Sands LLC, Term Loan B (1 mo. LIBOR + 1.750%)		3.827	%		3/27/25		2,993,750			2,993,334	^(d)(g)(h)(i)
Wyndham Hotels & Resorts Inc., Term Loan B (1 mo. LIBOR + 1.750%)		3.827	%		5/30/25		1,660,000			1,665,780	^(d)(g)(h)

Total Hotels, Restaurants & Leisure										9,058,744

Media - 1.7%
Charter Communications Operating, LLC, Term Loan B (1 mo. LIBOR + 2.000%)		4.080	%		4/30/25		2,392,957			2,397,171	^(d)(g)(h)
Lamar Media Corp., Term Loan B (1 mo. LIBOR + 1.750%)		3.875	%		3/16/25		2,204,475			2,207,231	^(d)(g)(h)

Total Media										4,604,402

Specialty Retail - 1.7%
PetSmart Inc., Term Loan B2 (1 mo. LIBOR + 3.000%)		5.100	%		3/11/22		3,870,424			3,226,160	^(d)(g)(h)
Sally Holdings LLC, Term Loan B1 (1 mo. LIBOR + 2.250%)		4.330	%		7/5/24		1,478,825			1,432,612	^(d)(g)(h)(j)

Total Specialty Retail										4,658,772

TOTAL CONSUMER DISCRETIONARY										20,709,017

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL CORPORATE DEFINED OPPORTUNITY FUND INC.


Schedule of investments (unaudited) (cont’d)		July 31, 2018


SECURITY‡	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
ENERGY - 0.2%
Oil, Gas & Consumable Fuels - 0.2%
Chesapeake Energy Corp., Class A Loan (1 mo. LIBOR + 7.500%)		9.577	%		8/23/21		450,000	$	471,797	^(d)(g)(h)

HEALTH CARE - 0.3%
Health Care Providers & Services - 0.3%
DaVita Healthcare Partner, Term Loan B (1 mo. LIBOR + 2.750%)		4.827	%		6/24/21		742,268		747,603	^(d)(g)(h)

INDUSTRIALS - 2.5%
Air Freight & Logistics - 1.7%
Avolon TLB Borrower 1 (US) LLC, Term Loan B3		—			1/15/25		2,493,731		2,479,716	⁽ⁱ⁾
Delos Finance SARL, Term Loan B (1 mo. LIBOR + 1.750%)		4.084	%		10/6/23		2,000,000		2,006,666	^(d)(g)(h)

Total Air Freight & Logistics									4,486,382

Airlines - 0.5%
United Airlines Inc., Term Loan B (1 mo. LIBOR + 1.750%)		3.827	%		4/1/24		1,488,694		1,489,624	^(d)(g)(h)

Trading Companies & Distributors - 0.3%
Beacon Roofing Supply Inc., Term Loan B
(1 mo. LIBOR + 2.250%)		4.347	%		1/2/25		698,250		698,936	^(d)(g)(h)

TOTAL INDUSTRIALS									6,674,942

INFORMATION TECHNOLOGY - 1.2%
Software - 0.9%
Dell International LLC, Refinancing Term Loan A2 (1 mo. LIBOR + 1.750%)		3.830	%		9/7/21		2,375,401		2,375,638	^(d)(g)(h)

Technology Hardware, Storage & Peripherals - 0.3%
Western Digital Corp., New Term Loan B4 (3 mo. LIBOR + 1.750%)		3.827	%		4/29/23		997,500		998,851	^(d)(g)(h)

TOTAL INFORMATION TECHNOLOGY									3,374,489

MATERIALS - 0.9%
Containers & Packaging - 0.9%
Berry Global Inc., Term Loan Q (1 mo. LIBOR + 2.000%)		4.077-4.086	%		10/1/22		1,408,801		1,413,301	^(d)(g)(h)
Reynolds Group Holdings Inc., Term Loan B (1 mo. LIBOR + 2.750%)		4.827	%		2/5/23		994,949		999,302	^(d)(g)(h)

TOTAL MATERIALS									2,412,603

TOTAL SENIOR LOANS (Cost - $34,891,197)									34,390,451

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL CORPORATE DEFINED OPPORTUNITY FUND INC.


Schedule of investments (unaudited) (cont’d)		July 31, 2018


SECURITY‡	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
SOVEREIGN BONDS - 5.3%
Argentina - 0.6%
Argentina POM Politica Monetaria, (Argentina Central Bank 7 Day Repo Reference Rate)		41.961	%		6/21/20		13,290,000	^ARS	$	486,886	^(d)
Argentine Republic Government International Bond, Senior Notes		6.875	%		1/26/27		860,000			784,750
Argentine Republic Government International Bond, Senior Notes		5.875	%		1/11/28		340,000			287,512

Total Argentina										1,559,148

Brazil - 0.6%
Brazil Notas do Tesouro Nacional Serie F, Notes		10.000	%		1/1/23		2,400,000	^BRL		635,578
Brazil Notas do Tesouro Nacional Serie F, Notes		10.000	%		1/1/27		4,160,000	^BRL		1,051,350

Total Brazil										1,686,928

Indonesia - 1.3%
Indonesia Government International Bond, Senior Notes		3.750	%		4/25/22		1,210,000			1,208,770	^(a)
Indonesia Government International Bond, Senior Notes		3.850	%		7/18/27		2,250,000			2,176,004	^(a)

Total Indonesia										3,384,774

Mexico - 0.5%
Mexico Government International Bond, Senior Notes		3.600	%		1/30/25		1,460,000			1,422,551

Peru - 0.9%
Peruvian Government Bond		7.840	%		8/12/20		1,249,000	^PEN		420,273
Peruvian Government International Bond, Senior Notes		7.350	%		7/21/25		1,500,000			1,842,750

Total Peru										2,263,023

Russia - 0.9%
Russian Federal Bond - OFZ		7.050	%		1/19/28		155,038,000	^RUB		2,399,160

United Kingdom - 0.5%
United Kingdom Treasury Gilt		4.500	%		3/17/19		1,019,000	^GBP		1,368,660	^(c)

TOTAL SOVEREIGN BONDS (Cost - $15,019,494)										14,084,244

U.S. GOVERNMENT & AGENCY OBLIGATIONS - 3.0%
U.S. Government Obligations - 3.0%
U.S. Treasury Notes		1.125	%		1/15/19		500,000			497,725
U.S. Treasury Notes		2.750	%		2/15/19		1,000,000			1,002,676
U.S. Treasury Notes		1.875	%		12/15/20		750,000			735,527
U.S. Treasury Notes		1.375	%		5/31/21		1,500,000			1,443,662

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL CORPORATE DEFINED OPPORTUNITY FUND INC.


Schedule of investments (unaudited) (cont’d)		July 31, 2018


SECURITY‡	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
U.S. Government Obligations - (continued)
U.S. Treasury Notes		2.625	%		6/15/21		1,500,000	$	1,494,287
U.S. Treasury Notes		2.125	%		8/15/21		1,500,000		1,471,758
U.S. Treasury Notes		2.500	%		3/31/23		1,500,000		1,477,939

TOTAL U.S. GOVERNMENT & AGENCY OBLIGATIONS (Cost - $8,142,450)									8,123,574

CONVERTIBLE BONDS & NOTES - 1.1%
CONSUMER DISCRETIONARY - 0.9%
Media - 0.8%
DISH Network Corp., Senior Notes		2.375	%		3/15/24		2,190,000		1,913,291
DISH Network Corp., Senior Notes		3.375	%		8/15/26		290,000		264,177

Total Media									2,177,468

Specialty Retail - 0.1%
RH, Senior Notes		0.000	%		6/15/23		60,000		55,325	^(a)

TOTAL CONSUMER DISCRETIONARY									2,232,793

INFORMATION TECHNOLOGY - 0.2%
Internet Software & Services - 0.2%
Twitter Inc., Senior Notes		1.000	%		9/15/21		540,000		501,980
Twitter Inc., Senior Notes		0.250	%		6/15/24		130,000		118,571	^(a)

TOTAL INFORMATION TECHNOLOGY									620,551

TOTAL CONVERTIBLE BONDS & NOTES (Cost - $2,841,796)									2,853,344

COLLATERALIZED MORTGAGE OBLIGATIONS^(k) - 0.5%
HarborView Mortgage Loan Trust, 2004-10, 4A (6 mo. USD LIBOR + 2.170%)		3.914	%		1/19/35		110,805		110,118	^(d)
JPMorgan Mortgage Trust, 2005-A5 1A2		4.173	%		8/25/35		416,532		416,480	^(d)
RAMP Series Trust, 2003-SL1, M1		7.305	%		4/25/31		1,056,545		720,923	^(d)
Washington Mutual Inc., Mortgage Pass-Through Certificates Series Trust, 2007-HY4, 4A1		3.427	%		9/25/36		37,605		34,108	^(d)

TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost - $1,428,949)									1,281,629


						SHARES
PREFERRED STOCKS - 0.4%
FINANCIALS - 0.4%
Capital Markets - 0.4%
State Street Corp. (5.900% to 3/15/24 then 3 mo. USD LIBOR + 3.108%)		5.900	%				37,454		1,016,502	^(d)

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL CORPORATE DEFINED OPPORTUNITY FUND INC.


Schedule of investments (unaudited) (cont’d)		July 31, 2018


Security‡	Rate					Shares		Value
Diversified Financial Services - 0.0%
Citigroup Capital XIII (3 mo. USD LIBOR + 6.370%)		8.709	%				3,050	$	82,106	^(d)

TOTAL PREFERRED STOCKS (Cost - $1,017,989)									1,098,608


				MATURITY DATE		FACE AMOUNT†
ASSET-BACKED SECURITIES - 0.2%
Home Equity Asset Trust, 2004-8 M1 (1 mo. USD LIBOR + 0.870%) (Cost - $340,189)		2.934	%		3/25/35		369,059		372,412	^(d)

TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS (Cost - $342,559,166)									348,860,078


						SHARES
SHORT-TERM INVESTMENTS - 0.5%
Dreyfus Government Cash Management, Institutional Shares (Cost - $1,389,630)		1.829	%				1,389,630		1,389,630

TOTAL INVESTMENTS - 130.7% (Cost - $343,948,796)									350,249,708
Liabilities in Excess of Other Assets - (30.7)%									(82,168,275	)

TOTAL NET ASSETS - 100.0%								$	268,081,433

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL CORPORATE DEFINED OPPORTUNITY FUND INC.


Schedule of investments (unaudited) (cont’d)		July 31, 2018

‡	Securities held by the Fund are subject to a lien, granted to the lenders, to the extent of the borrowing outstanding and any additional expenses.

†	Face amount denominated in U.S. dollars, unless otherwise noted.

(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)	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.

(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)

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.

(e)	Securities traded on a when-issued or delayed delivery basis.

(f)	Security has no maturity date. The date shown represents the next call date.

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

(h)	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.

(i)	All or a portion of this loan is unfunded as of July 31, 2018. The interest rate for fully unfunded term loans is to be determined.

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

(k)

Collateralized mortgage obligations are secured by an underlying pool of mortgages or mortgage pass-through certificates that are structured to direct payments on underlying collateral to different series or classes of the obligations. The interest rate may change positively or inversely in relation to one or more interest rates, financial indices or other financial indicators and may be subject to an upper and/or lower limit.

Abbreviations used in this schedule:



ARS		— Argentine Peso
BRL		— Brazilian Real
EUR		— Euro
Euribor		— Euro Interbank Offered Rate
GBP		— British Pound
ICE		— Intercontinental Exchange
JSC		— Joint Stock Company
LIBOR		— London Interbank Offered Rate
PEN		— Peruvian Nuevo Sol
PIK		— Payment-In-Kind
RUB		— Russian Ruble

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL CORPORATE DEFINED OPPORTUNITY FUND INC.


Schedule of investments (unaudited) (cont’d)		July 31, 2018

At July 31, 2018, the Fund had the following open forward foreign currency contracts:


Currency Purchased		Currency Sold			Counterparty	Settlement Date		Unrealized Appreciation (Depreciation)
EUR	60,000		USD	70,656	Barclays Bank PLC		10/18/18	$	(77	)
PLN	766,800		USD	207,737	Barclays Bank PLC		10/18/18		2,338
USD	11,335,540		GBP	8,543,802	Barclays Bank PLC		10/18/18		83,395
GBP	170,000		USD	224,052	Goldman Sachs Bank USA		10/18/18		(163	)
USD	3,206,128		EUR	2,719,000	Goldman Sachs Bank USA		10/18/18		7,771
USD	4,128,229		EUR	3,501,000	Goldman Sachs Bank USA		10/18/18		10,006

Total								$	103,270

Abbreviations used in this table:


EUR		— Euro
GBP		— British Pound
PLN		— Polish Zloty
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.

Notes to Schedule of Investments (unaudited)

1. Organization and significant accounting policies

Western Asset Global Corporate Defined Opportunity Fund Inc. (the “Fund”) was incorporated in Maryland on September 17, 2009 and is registered as a non-diversified, limited-term, closed-end management investment company under the Investment Company Act of 1940, as amended (the “1940 Act”). The Fund’s primary investment objective is to provide current income and then to liquidate and distribute substantially all of the Fund’s net assets to stockholders on or about December 2, 2024. As a secondary investment objective, the Fund will seek capital appreciation. The Fund seeks to achieve its investment objectives by investing, under normal market conditions, at least 80% of its managed assets in a portfolio of U.S. and foreign corporate fixed-income securities of varying maturities.

The following are significant accounting policies consistently followed by the Fund and are in conformity with U.S. generally accepted accounting principles (“GAAP”).

(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 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. Prior to December 1, 2017, short-term fixed income securities that would mature in 60 days or less were valued at amortized cost, unless it was determined that using this method would not reflect an investment’s fair value. 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.

The Board of Directors is responsible for the valuation process and has delegated the supervision of the daily valuation process to the Legg Mason North Atlantic Fund Valuation Committee (the “Valuation Committee”). The Valuation Committee, pursuant to the policies

Notes to Schedule of Investments (unaudited) (continued)

adopted by the Board of Directors, is responsible for making fair value determinations, evaluating the effectiveness of the Fund’s pricing policies, and reporting to 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.

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 – 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)

Notes to Schedule of Investments (unaudited) (continued)

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		—	$	286,655,816		—	$	286,655,816
Senior Loans:
Consumer Discretionary		—		19,276,405	$	1,432,612		20,709,017
Other Senior Loans		—		13,681,434		—		13,681,434
Sovereign Bonds		—		14,084,244		—		14,084,244
U.S. Government & Agency Obligations		—		8,123,574		—		8,123,574
Convertible Bonds & Notes		—		2,853,344		—		2,853,344
Collateralized Mortgage Obligations		—		1,281,629		—		1,281,629
Preferred Stocks	$	1,098,608		—		—		1,098,608
Asset-Backed Securities		—		372,412		—		372,412

Total Long-Term Investments		1,098,608		346,328,858		1,432,612		348,860,078

Short-Term Investments†		1,389,630		—		—		1,389,630

Total Investments	$	2,488,238	$	346,328,858	$	1,432,612	$	350,249,708

Other Financial Instruments:
Forward Foreign Currency Contracts		—		103,510		—		103,510

Total	$	2,488,238	$	346,432,368	$	1,432,612	$	350,353,218


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		—	$	240		—	$	240

†	See Schedule of Investments for additional detailed categorizations.

ITEM 2.

CONTROLS AND PROCEDURES.

(a)

The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a- 3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the disclosure controls and procedures required by Rule 30a-3(b) under the 1940 Act and 15d-15(b) under the Securities Exchange Act of 1934.

(b)

There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are likely to materially affect the registrant’s internal control over financial reporting.

ITEM 3.

EXHIBITS.

Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940, as amended, are attached hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Western Asset Global Corporate Defined Opportunity Fund Inc.


By		/s/ JANE TRUST
		Jane Trust
		Chief Executive Officer

Date:		September 24, 2018

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.



By		/s/ JANE TRUST
		Jane Trust
		Chief Executive Officer

Date:		September 24, 2018

By		/s/ RICHARD F. SENNETT
		Richard F. Sennett
		Principal Financial Officer

Date:		September 24, 2018