Western Asset Global Partners Income Fund Inc.

0001193125-15-260997.txt : 20150723 0001193125-15-260997.hdr.sgml : 20150723 20150723144659 ACCESSION NUMBER: 0001193125-15-260997 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150531 FILED AS OF DATE: 20150723 DATE AS OF CHANGE: 20150723 EFFECTIVENESS DATE: 20150723 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC. CENTRAL INDEX KEY: 0000911638 IRS NUMBER: 313731196 STATE OF INCORPORATION: MD FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-07994 FILM NUMBER: 151002104 BUSINESS ADDRESS: STREET 1: LEGG MASON & CO, LLC STREET 2: 620 EIGHTH AVENUE, 49TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10018 BUSINESS PHONE: 8887770102 MAIL ADDRESS: STREET 1: LEGG MASON & CO, LLC STREET 2: 620 EIGHTH AVENUE, 49TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10018 FORMER COMPANY: FORMER CONFORMED NAME: SALOMON BROTHERS GLOBAL PARTNERS INCOME FUND INC DATE OF NAME CHANGE: 20030502 FORMER COMPANY: FORMER CONFORMED NAME: GLOBAL PARTNERS INCOME FUND INC DATE OF NAME CHANGE: 19930907 N-Q 1 d944856dnq.htm WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC. Western Asset Global Partners Income Fund Inc.

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 811-07994

Western Asset Global Partners Income 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: August 31

Date of reporting period: May 31, 2015

ITEM 1.

SCHEDULE OF INVESTMENTS.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.

FORM N-Q

MAY 31, 2015

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited)		May 31, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
CORPORATE BONDS & NOTES - 91.1%
CONSUMER DISCRETIONARY - 11.9%
Auto Components - 0.5%
Europcar Groupe SA, Secured Notes		11.500	%		5/15/17		100,000	^EUR	$	123,773	^(a)(b)
Europcar Groupe SA, Secured Notes		5.750	%		6/15/22		200,000	^EUR		224,877	^(a)
Europcar Groupe SA, Senior Subordinated Notes		9.375	%		4/15/18		500,000	^EUR		579,353	^(a)(b)

Total Auto Components										928,003

Automobiles - 0.2%
Chrysler Group LLC/CG Co.-Issuer Inc., Secured Notes		8.250	%		6/15/21		260,000			287,820	^(b)

Diversified Consumer Services - 0.5%
Co-operative Group Holdings 2011 Ltd., Senior Notes		7.500	%		7/8/26		160,000	^GBP		273,827
Service Corp. International, Senior Notes		7.500	%		4/1/27		290,000			340,750	^(b)
StoneMor Partners LP/Cornerstone Family Services of WV, Senior Bonds		7.875	%		6/1/21		210,000			222,075

Total Diversified Consumer Services										836,652

Hotels, Restaurants & Leisure - 2.6%
Bossier Casino Venture Holdco Inc., Senior Secured Bonds		14.000	%		2/9/18		377,778			370,449	^(a)(c)(d)(e)
Carlson Travel Holdings Inc., Senior Notes		7.500	%		8/15/19		200,000			203,500	^(a)(c)
Carrols Restaurant Group Inc., Secured Notes		8.000	%		5/1/22		210,000			221,025	^(a)
CCM Merger Inc., Senior Notes		9.125	%		5/1/19		390,000			425,100	^(a)
CEC Entertainment Inc., Senior Notes		8.000	%		2/15/22		420,000			428,400
Downstream Development Quapaw, Senior Secured Notes		10.500	%		7/1/19		300,000			297,750	^(a)(b)
Enterprise Inns PLC, Senior Secured Bonds		6.500	%		12/6/18		494,000	^GBP		805,994
Greektown Holdings LLC/Greektown Mothership Corp., Senior Secured Notes		8.875	%		3/15/19		250,000			265,625	^(a)
International Game Technology PLC, Senior Secured Notes		6.500	%		2/15/25		330,000			311,025	^(a)
Landry’s Holdings II Inc., Senior Notes		10.250	%		1/1/18		180,000			187,875	^(a)
Landry’s Inc., Senior Notes		9.375	%		5/1/20		800,000			865,000	^(a)(b)
Rivers Pittsburgh Borrower LP/Rivers Pittsburgh Finance Corp., Senior Secured Notes		9.500	%		6/15/19		3,000			3,000	^(a)

Total Hotels, Restaurants & Leisure										4,384,743

Household Durables - 1.1%
Century Intermediate Holding Co. 2, Senior Notes		9.750	%		2/15/19		410,000			434,600	^(a)(c)
Shea Homes LP/Shea Homes Funding Corp., Senior Notes		6.125	%		4/1/25		350,000			362,250	^(a)
William Lyon Homes Inc., Senior Notes		8.500	%		11/15/20		350,000			382,375
William Lyon Homes Inc., Senior Notes		7.000	%		8/15/22		250,000			261,250
Woodside Homes Co., LLC/Woodside Homes Finance Inc., Senior Notes		6.750	%		12/15/21		430,000			411,725	^(a)

Total Household Durables										1,852,200

Media - 5.5%
Carmike Cinemas Inc., Secured Notes		7.375	%		5/15/19		120,000			127,680	^(b)
CCO Holdings LLC/CCO Holdings Capital Corp., Senior Notes		6.625	%		1/31/22		960,000			1,023,600	^(b)
Clear Channel Worldwide Holdings Inc., Senior Notes		6.500	%		11/15/22		210,000			223,125
Clear Channel Worldwide Holdings Inc., Senior Notes		6.500	%		11/15/22		110,000			115,638
Clear Channel Worldwide Holdings Inc., Senior Subordinated Notes		7.625	%		3/15/20		30,000			31,425
CSC Holdings LLC, Senior Notes		6.750	%		11/15/21		120,000			130,950

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		May 31, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Media - (continued)
CSC Holdings LLC, Senior Notes		5.250	%		6/1/24		440,000		$	431,750	^(a)
DISH DBS Corp., Senior Notes		7.875	%		9/1/19		285,000			322,763	^(b)
DISH DBS Corp., Senior Notes		6.750	%		6/1/21		390,000			417,544	^(b)
DISH DBS Corp., Senior Notes		5.875	%		11/15/24		1,350,000			1,356,750
Gibson Brands Inc., Senior Secured Notes		8.875	%		8/1/18		290,000			298,700	^(a)
iHeartCommunications Inc., Senior Notes		10.000	%		1/15/18		240,000			207,900
Myriad International Holdings BV, Senior Notes		6.000	%		7/18/20		200,000			222,000	^(a)(b)
New Cotai LLC/New Cotai Capital Corp., Senior Secured Notes		10.625	%		5/1/19		585,810			534,552	^(a)(c)
Numericable-SFR, Senior Secured Bonds		6.000	%		5/15/22		290,000			293,625	^(a)
Numericable-SFR, Senior Secured Bonds		6.250	%		5/15/24		840,000			854,700	^(a)
Polish Television Holding BV, Senior Secured Bonds		11.000	%		1/15/21		100,000	^EUR		133,443	^(a)(c)
Time Warner Cable Inc., Senior Notes		8.750	%		2/14/19		385,000			459,747	^(b)
Time Warner Cable Inc., Senior Notes		8.250	%		4/1/19		139,000			164,811	^(b)
TVN Finance Corp. III AB, Senior Bonds		7.375	%		12/15/20		100,000	^EUR		121,918	^(a)
TVN Finance Corp. III AB, Senior Notes		7.875	%		11/15/18		67,000	^EUR		76,989	^(a)
Univision Communications Inc., Senior Notes		8.500	%		5/15/21		290,000			310,300	^(a)(b)
Univision Communications Inc., Senior Secured Notes		6.750	%		9/15/22		172,000			186,835	^(a)(b)
UPC Holding BV, Junior Secured Subordinated Notes		6.375	%		9/15/22		100,000	^EUR		119,275	^(a)
Virgin Media Finance PLC, Senior Notes		6.375	%		4/15/23		560,000			597,100	^(a)
Virgin Media Finance PLC, Senior Notes		6.000	%		10/15/24		340,000			355,725	^(a)
Virgin Media Finance PLC, Senior Notes		5.750	%		1/15/25		200,000			205,000	^(a)

Total Media										9,323,845

Multiline Retail - 0.4%
Neiman Marcus Group LLC, Senior Secured Notes		7.125	%		6/1/28		80,000			82,400	^(b)
Neiman Marcus Group Ltd. LLC, Senior Notes		8.750	%		10/15/21		550,000			596,750	^(a)(c)

Total Multiline Retail										679,150

Specialty Retail - 1.0%
AA Bond Co., Ltd., Secured Notes		9.500	%		7/31/19		120,000	^GBP		202,457	^(a)
American Greetings Corp., Senior Notes		7.375	%		12/1/21		290,000			309,575	^(b)
Guitar Center Inc., Senior Secured Bonds		6.500	%		4/15/19		750,000			680,625	^(a)
Hot Topic Inc., Senior Secured Notes		9.250	%		6/15/21		180,000			195,750	^(a)
Spencer Spirit Holdings Inc., Senior Notes		9.000	%		5/1/18		376,000			382,580	^(a)(c)

Total Specialty Retail										1,770,987

Textiles, Apparel & Luxury Goods - 0.1%
Empire Today LLC/Empire Today Finance Corp., Senior Secured Notes		11.375	%		2/1/17		290,000			243,600	^(a)(b)

TOTAL CONSUMER DISCRETIONARY										20,307,000

CONSUMER STAPLES - 3.2%
Beverages - 0.5%
Carolina Beverage Group LLC/Carolina Beverage Group Finance Inc., Secured Notes		10.625	%		8/1/18		280,000			277,200	^(a)
Cott Beverages Inc., Senior Notes		6.750	%		1/1/20		240,000			253,200	^(a)
DS Services of America Inc., Secured Notes		10.000	%		9/1/21		260,000			306,150	^(a)

Total Beverages										836,550

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		May 31, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Food & Staples Retailing - 0.4%
Beverages & More Inc., Senior Secured Notes		10.000	%		11/15/18		400,000	$	401,500	^(a)
Dollar Tree Inc., Senior Notes		5.750	%		3/1/23		240,000		254,400	^(a)

Total Food & Staples Retailing									655,900

Food Products - 1.7%
BRF SA, Senior Notes		4.750	%		5/22/24		422,000		427,148	^(a)(b)
Dole Food Co. Inc., Senior Secured Notes		7.250	%		5/1/19		270,000		279,450	^(a)(b)
Hearthside Group Holdings LLC/Hearthside Finance Co., Senior Notes		6.500	%		5/1/22		320,000		318,400	^(a)
JBS Investment GmbH, Senior Notes		7.250	%		4/3/24		260,000		278,850	^(a)
JBS USA LLC/JBS USA Finance Inc., Senior Notes		5.750	%		6/15/25		210,000		212,625	^(a)
Marfrig Holding Europe BV, Senior Notes		6.875	%		6/24/19		270,000		254,205	^(a)
Marfrig Overseas Ltd., Senior Notes		9.500	%		5/4/20		230,000		234,600	^(a)
Pilgrim’s Pride Corp., Senior Notes		5.750	%		3/15/25		340,000		345,950	^(a)
Simmons Foods Inc., Secured Notes		7.875	%		10/1/21		560,000		526,400	^(a)

Total Food Products									2,877,628

Household Products - 0.4%
Spectrum Brands Inc., Senior Notes		6.125	%		12/15/24		180,000		192,150	^(a)
Spectrum Brands Inc., Senior Notes		5.750	%		7/15/25		370,000		382,950	^(a)
Sun Products Corp., Senior Notes		7.750	%		3/15/21		60,000		54,750	^(a)

Total Household Products									629,850

Tobacco - 0.2%
Alliance One International Inc., Secured Notes		9.875	%		7/15/21		500,000		436,875

TOTAL CONSUMER STAPLES									5,436,803

ENERGY - 21.0%
Energy Equipment & Services - 1.5%
Atwood Oceanics Inc., Senior Notes		6.500	%		2/1/20		280,000		274,400	^(b)
CGG, Senior Notes		7.750	%		5/15/17		142,000		139,870	^(b)
CGG, Senior Notes		6.875	%		1/15/22		200,000		172,000
Exterran Partners LP/EXLP Finance Corp., Senior Notes		6.000	%		10/1/22		110,000		108,350
FTS International Inc., Senior Secured Bonds		6.250	%		5/1/22		240,000		192,600
Gulfmark Offshore Inc., Senior Notes		6.375	%		3/15/22		280,000		226,800
Hercules Offshore Inc., Senior Notes		7.500	%		10/1/21		230,000		77,050	^(a)(d)
Hercules Offshore Inc., Senior Notes		6.750	%		4/1/22		510,000		158,100	^(a)(d)
Key Energy Services Inc., Senior Notes		6.750	%		3/1/21		110,000		71,775
Parker Drilling Co., Senior Notes		7.500	%		8/1/20		360,000		333,000
SESI LLC, Senior Notes		7.125	%		12/15/21		330,000		354,750	^(b)
Sierra Hamilton LLC/Sierra Hamilton Finance Inc., Senior Secured Notes		12.250	%		12/15/18		300,000		225,000	^(a)
TMK OAO Via TMK Capital SA, Senior Notes		6.750	%		4/3/20		260,000		231,400	^(a)(b)

Total Energy Equipment & Services									2,565,095

Oil, Gas & Consumable Fuels - 19.5%
American Energy-Permian Basin LLC/AEPB Finance Corp., Secured Notes		8.000	%		6/15/20		220,000		221,375	^(a)
Approach Resources Inc., Senior Notes		7.000	%		6/15/21		70,000		65,100
Arch Coal Inc., Senior Notes		7.250	%		6/15/21		420,000		75,600
Berry Petroleum Co., Senior Notes		6.375	%		9/15/22		170,000		140,250
Blue Racer Midstream LLC/Blue Racer Finance Corp., Senior Notes		6.125	%		11/15/22		190,000		197,790	^(a)

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		May 31, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Oil, Gas & Consumable Fuels - (continued)
California Resources Corp., Senior Notes		5.500	%		9/15/21		220,000	$	209,550
California Resources Corp., Senior Notes		6.000	%		11/15/24		620,000		573,500
Calumet Specialty Products Partners LP/Calumet Finance Corp., Senior Notes		7.625	%		1/15/22		200,000		207,500
Carrizo Oil & Gas Inc., Senior Notes		7.500	%		9/15/20		280,000		297,850
Chesapeake Energy Corp., Senior Notes		6.875	%		11/15/20		350,000		371,000	^(b)
Chesapeake Energy Corp., Senior Notes		6.125	%		2/15/21		300,000		306,750	^(b)
Comstock Resources Inc., Senior Notes		9.500	%		6/15/20		560,000		274,400	^(b)
Crestwood Midstream Partners LP, Senior Notes		6.125	%		3/1/22		330,000		346,087
Dolphin Energy Ltd., Senior Secured Bonds		5.888	%		6/15/19		405,694		444,253	^(b)(f)
Ecopetrol SA, Senior Notes		7.625	%		7/23/19		570,000		667,909	^(b)
Ecopetrol SA, Senior Notes		5.875	%		9/18/23		75,000		80,775	^(b)
Ecopetrol SA, Senior Notes		5.875	%		5/28/45		60,000		55,770	^(b)
EDC Finance Ltd., Senior Notes		4.875	%		4/17/20		300,000		279,000	^(a)
Endeavor Energy Resources LP/EER Finance Inc., Senior Notes		8.125	%		9/15/23		130,000		135,525	^(a)
Energy Transfer Equity LP, Senior Notes		7.500	%		10/15/20		130,000		149,175
Enterprise Products Operating LLC, Junior Subordinated Notes		8.375	%		8/1/66		100,000		105,750	^(b)(g)
EP Energy LLC/Everest Acquisition Finance Inc., Senior Notes		6.375	%		6/15/23		300,000		300,750	^(a)
GeoPark Latin America Ltd. Agencia en Chile, Senior Secured Notes		7.500	%		2/11/20		260,000		232,700	^(a)
Globe Luxembourg SCA, Senior Secured Notes		9.625	%		5/1/18		1,360,000		1,326,000	^(a)
GNL Quintero SA, Senior Notes		4.634	%		7/31/29		288,000		295,742	^(a)(b)
Halcon Resources Corp., Secured Notes		8.625	%		2/1/20		270,000		274,725	^(a)
Halcon Resources Corp., Senior Notes		9.750	%		7/15/20		770,000		560,175
Halcon Resources Corp., Senior Notes		8.875	%		5/15/21		590,000		417,425
Hiland Partners LP/Hiland Partners Finance Corp., Senior Notes		7.250	%		10/1/20		130,000		142,025	^(a)(b)
Kinder Morgan Inc., Medium-Term Notes		7.800	%		8/1/31		130,000		152,917
Lonestar Resources America Inc., Senior Notes		8.750	%		4/15/19		120,000		97,200	^(a)
Magnum Hunter Resources Corp., Senior Notes		9.750	%		5/15/20		790,000		685,325
MEG Energy Corp., Senior Notes		6.375	%		1/30/23		560,000		532,000	^(a)
Milagro Oil & Gas Inc., Secured Notes		10.500	%		5/15/16		380,000		95,000	^(h)
Murray Energy Corp., Senior Secured Notes		11.250	%		4/15/21		550,000		532,125	^(a)
Natural Resource Partners LP/Natural Resource Partners Finance Corp., Senior Notes		9.125	%		10/1/18		330,000		306,900
New Gulf Resources LLC/NGR Finance Corp., Senior Secured Notes		11.750	%		5/15/19		320,000		216,000
Oleoducto Central SA, Senior Notes		4.000	%		5/7/21		200,000		198,500	^(a)(b)
ONGC Videsh Ltd., Senior Notes		4.625	%		7/15/24		210,000		220,342	^(f)
Pacific Rubiales Energy Corp., Senior Notes		5.375	%		1/26/19		1,200,000		1,087,500	^(f)
Pacific Rubiales Energy Corp., Senior Notes		5.375	%		1/26/19		300,000		271,875	^(a)(b)
Pacific Rubiales Energy Corp., Senior Notes		5.125	%		3/28/23		550,000		442,750	^(a)(b)
Pan American Energy LLC, Senior Notes		7.875	%		5/7/21		196,000		205,065	^(f)
Pan American Energy LLC, Senior Notes		7.875	%		5/7/21		120,000		125,550	^(a)(b)
Parsley Energy LLC/Parsley Finance Corp., Senior Notes		7.500	%		2/15/22		440,000		461,428	^(a)
Petrobras Global Finance BV, Senior Notes		3.250	%		3/17/17		460,000		455,842
Petrobras Global Finance BV, Senior Notes		4.375	%		5/20/23		470,000		420,650
Petrobras Global Finance BV, Senior Notes		7.250	%		3/17/44		900,000		891,090
Petroleos de Venezuela SA, Senior Bonds		6.000	%		5/16/24		4,920,000		1,896,660	^(f)
Petroleos de Venezuela SA, Senior Notes		8.500	%		11/2/17		809,000		601,694	^(f)
Petroleos Mexicanos, Senior Notes		8.000	%		5/3/19		3,980,000		4,728,240
Petroleos Mexicanos, Senior Notes		5.500	%		6/27/44		750,000		734,250	^(b)
Petroleos Mexicanos, Senior Notes		5.625	%		1/23/46		270,000		267,880	^(a)

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		May 31, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Oil, Gas & Consumable Fuels - (continued)
Petroleum Co. of Trinidad & Tobago Ltd., Senior Notes		9.750	%		8/14/19		390,000		$	460,395	^(a)
Petronas Capital Ltd., Senior Notes		5.250	%		8/12/19		1,555,000			1,739,286	^(a)(b)
PT Pertamina Persero, Senior Notes		5.250	%		5/23/21		570,000			604,200	^(a)
PT Pertamina Persero, Senior Notes		4.300	%		5/20/23		380,000			375,250	^(a)
Puma International Financing SA, Senior Bonds		6.750	%		2/1/21		660,000			689,700	^(a)
Quicksilver Resources Inc., Senior Notes		11.000	%		7/1/21		310,000			46,500	^(h)
Reliance Holdings USA Inc., Senior Notes		4.500	%		10/19/20		530,000			566,907	^(a)(b)
Rice Energy Inc., Senior Notes		6.250	%		5/1/22		270,000			278,267
Rice Energy Inc., Senior Notes		7.250	%		5/1/23		70,000			73,150	^(a)
Rosneft Finance SA, Senior Notes		7.875	%		3/13/18		420,000			443,192	^(a)(b)
RSP Permian Inc., Senior Notes		6.625	%		10/1/22		580,000			606,100	^(a)
Samson Investment Co., Senior Notes		9.750	%		2/15/20		310,000			27,125
Sanchez Energy Corp., Senior Notes		6.125	%		1/15/23		1,130,000			1,079,150
Shelf Drilling Holdings Ltd., Senior Secured Notes		8.625	%		11/1/18		210,000			187,950	^(a)(b)
Sinopec Group Overseas Development Ltd., Senior Notes		4.375	%		4/10/24		850,000			913,084	^(a)
Summit Midstream Holdings LLC/Summit Midstream Finance Corp., Senior Notes		7.500	%		7/1/21		150,000			157,500
Teine Energy Ltd., Senior Notes		6.875	%		9/30/22		120,000			118,500	^(a)
Whiting Canadian Holding Co. ULC, Senior Notes		8.125	%		12/1/19		320,000			340,800	^(b)

Total Oil, Gas & Consumable Fuels										33,088,290

TOTAL ENERGY										35,653,385

FINANCIALS - 9.8%
Banks - 5.6%
Banco Bilbao Vizcaya Argentaria Colombia SA, Subordinated Notes		4.875	%		4/21/25		210,000			212,100	^(a)
Bank of America Corp., Junior Subordinated Notes		6.500	%		10/23/24		280,000			296,450	^(g)(i)
Barclays Bank PLC, Subordinated Notes		10.179	%		6/12/21		470,000			632,938	^(a)(b)
Barclays Bank PLC, Subordinated Notes		7.625	%		11/21/22		1,000,000			1,164,375	^(b)
Barclays PLC, Junior Subordinated Bonds		8.250	%		12/15/18		200,000			214,214	^(g)(i)
BBVA Banco Continental SA, Subordinated Notes		5.250	%		9/22/29		80,000			82,360	^(a)(b)(g)
Citigroup Inc., Junior Subordinated Bonds		5.950	%		5/15/25		660,000			651,750	^(g)(i)
Credit Agricole SA, Junior Subordinated Notes		8.375	%		10/13/19		390,000			462,150	^(a)(b)(g)(i)
Credit Agricole SA, Junior Subordinated Notes		7.875	%		1/23/24		200,000			213,508	^(a)(g)(i)
HSBC Holdings PLC, Junior Subordinated Bonds		6.375	%		9/17/24		360,000			370,350	^(g)(i)
HSBC Holdings PLC, Junior Subordinated Bonds		6.375	%		3/30/25		220,000			226,270	^(g)(i)
Industrial & Commercial Bank of China Ltd., Senior Notes		3.231	%		11/13/19		260,000			267,383	^(b)
Intesa Sanpaolo SpA, Senior Notes		3.625	%		8/12/15		940,000			944,741	^(a)(b)
Itau Unibanco Holding SA, Senior Notes		2.850	%		5/26/18		450,000			452,250	^(a)
JPMorgan Chase & Co., Junior Subordinated Bonds		6.000	%		8/1/23		140,000			143,150	^(b)(g)(i)
JPMorgan Chase & Co., Junior Subordinated Notes		6.100	%		10/1/24		270,000			277,425	^(b)(g)(i)
M&T Bank Corp., Junior Subordinated Bonds		6.875	%		6/15/16		330,000			337,838	^(b)(i)
Novo Banco SA, Senior Notes		5.875	%		11/9/15		100,000	^EUR		110,873	^(f)
Royal Bank of Scotland Group PLC, Junior Subordinated Bonds		7.648	%		9/30/31		200,000			254,500	^(g)(i)
Royal Bank of Scotland Group PLC, Subordinated Notes		6.100	%		6/10/23		370,000			403,971	^(b)
Royal Bank of Scotland Group PLC, Subordinated Notes		5.125	%		5/28/24		760,000			783,068	^(b)
Royal Bank of Scotland NV, Subordinated Bonds		7.750	%		5/15/23		150,000			178,618	^(b)
Royal Bank of Scotland PLC, Subordinated Notes		13.125	%		3/19/22		530,000	^AUD		466,801	^(b)(f)(g)
Santander Issuances SAU, Notes		5.911	%		6/20/16		200,000			207,688	^(a)(b)
Wells Fargo & Co., Junior Subordinated Bonds		5.875	%		6/15/25		210,000			221,025	^(g)(i)

Total Banks										9,575,796

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		May 31, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Capital Markets - 0.2%
Goldman Sachs Group Inc., Subordinated Notes		6.750	%		10/1/37		300,000		$	369,583	^(b)

Consumer Finance - 0.6%
Ally Financial Inc., Senior Notes		8.000	%		3/15/20		129,000			152,865
Navient Corp., Medium-Term Notes, Senior Notes		8.450	%		6/15/18		250,000			280,625	^(b)
Navient Corp., Medium-Term Notes, Senior Notes		8.000	%		3/25/20		240,000			271,200
Stearns Holdings Inc., Senior Secured Notes		9.375	%		8/15/20		140,000			140,700	^(a)
TMX Finance LLC/TitleMax Finance Corp., Senior Secured Notes		8.500	%		9/15/18		120,000			102,600	^(a)

Total Consumer Finance										947,990

Diversified Financial Services - 1.4%
Argos Merger Sub Inc., Senior Notes		7.125	%		3/15/23		530,000			563,125	^(a)
International Lease Finance Corp., Senior Notes		8.625	%		9/15/15		70,000			71,312	^(b)
International Lease Finance Corp., Senior Notes		8.875	%		9/1/17		980,000			1,112,300	^(b)
International Lease Finance Corp., Senior Notes		8.250	%		12/15/20		90,000			109,575	^(b)
ZFS Finance USA Trust II, Bonds		6.450	%		12/15/65		500,000			520,000	^(a)(b)(g)

Total Diversified Financial Services										2,376,312

Insurance - 0.8%
CNO Financial Group Inc., Senior Notes		4.500	%		5/30/20		70,000			72,490
CNO Financial Group Inc., Senior Notes		5.250	%		5/30/25		360,000			374,400
Fidelity & Guaranty Life Holdings Inc., Senior Notes		6.375	%		4/1/21		190,000			199,025	^(a)
Genworth Holdings Inc., Senior Notes		4.900	%		8/15/23		200,000			178,875
Liberty Mutual Group Inc., Junior Subordinated Bonds		7.800	%		3/15/37		200,000			243,000	^(a)(b)
MetLife Capital Trust IV, Junior Subordinated Notes		7.875	%		12/15/37		250,000			325,000	^(a)(b)

Total Insurance										1,392,790

Real Estate Management & Development - 1.2%
Caesars Entertainment Resort Properties LLC, Secured Notes		11.000	%		10/1/21		210,000			196,728
Caesars Entertainment Resort Properties LLC, Senior Secured Notes		8.000	%		10/1/20		580,000			590,150
Communications Sales & Leasing Inc., Senior Notes		8.250	%		10/15/23		320,000			327,200	^(a)
Greystar Real Estate Partners LLC, Senior Secured Notes		8.250	%		12/1/22		340,000			362,100	^(a)
Howard Hughes Corp., Senior Notes		6.875	%		10/1/21		460,000			485,300	^(a)

Total Real Estate Management & Development										1,961,478

TOTAL FINANCIALS										16,623,949

HEALTH CARE - 4.6%
Health Care Equipment & Supplies - 1.3%
ConvaTec Finance International SA, Senior Notes		8.250	%		1/15/19		220,000			218,075	^(a)(c)
ConvaTec Healthcare E SA, Senior Notes		10.875	%		12/15/18		660,000	^EUR		768,371	^(a)(b)
DJO Finance LLC/DJO Finance Corp., Secured Notes		10.750	%		4/15/20		70,000			73,150	^(a)
DJO Finco Inc./DJO Finance LLC/DJO Finance Corp., Secured Notes		8.125	%		6/15/21		550,000			567,875	^(a)
Lantheus Medical Imaging Inc., Senior Notes		9.750	%		5/15/17		520,000			524,659

Total Health Care Equipment & Supplies										2,152,130

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		May 31, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Health Care Providers & Services - 2.0%
Acadia Healthcare Co. Inc., Senior Notes		12.875	%		11/1/18		305,000		$	338,550	^(b)
Acadia Healthcare Co. Inc., Senior Notes		6.125	%		3/15/21		50,000			52,000
CHS/Community Health Systems Inc., Senior Notes		8.000	%		11/15/19		540,000			575,100	^(b)
Fresenius U.S. Finance II Inc., Senior Notes		9.000	%		7/15/15		160,000			161,600	^(a)(b)
IASIS Healthcare LLC/IASIS Capital Corp., Senior Notes		8.375	%		5/15/19		550,000			576,469
Jaguar Holding Co. II/Jaguar Merger Sub Inc., Senior Notes		9.500	%		12/1/19		120,000			129,150	^(a)(b)
Kindred Healthcare Inc., Senior Secured Notes		8.750	%		1/15/23		80,000			89,100	^(a)
Labco SAS, Senior Secured Notes		8.500	%		1/15/18		100,000	^EUR		115,321	^(a)
Priory Group 3 PLC, Senior Subordinated Notes		8.875	%		2/15/19		380,000	^GBP		609,832	^(f)
Tenet Healthcare Corp., Senior Notes		8.125	%		4/1/22		320,000			349,600
Universal Hospital Services Inc., Secured Notes		7.625	%		8/15/20		450,000			421,875

Total Health Care Providers & Services										3,418,597

Pharmaceuticals - 1.3%
Concordia Healthcare Corp., Senior Notes		7.000	%		4/15/23		460,000			464,025	^(a)
DPx Holdings BV, Senior Notes		7.500	%		2/1/22		310,000			325,500	^(a)
JLL/Delta Dutch Pledgeco BV, Senior Notes		8.750	%		5/1/20		560,000			570,500	^(a)(c)
Valeant Pharmaceuticals International Inc., Senior Notes		5.500	%		3/1/23		200,000			204,500	^(a)
Valeant Pharmaceuticals International Inc., Senior Notes		6.125	%		4/15/25		690,000			719,325	^(a)

Total Pharmaceuticals										2,283,850

TOTAL HEALTH CARE										7,854,577

INDUSTRIALS - 11.2%
Aerospace & Defense - 0.7%
Aerojet Rocketdyne Holdings Inc., Secured Notes		7.125	%		3/15/21		170,000			182,750
CBC Ammo LLC/CBC FinCo Inc., Senior Notes		7.250	%		11/15/21		490,000			459,375	^(a)(b)
Ducommun Inc., Senior Notes		9.750	%		7/15/18		230,000			243,512	^(b)
Erickson Inc., Secured Notes		8.250	%		5/1/20		266,000			202,825
LMI Aerospace Inc., Secured Notes		7.375	%		7/15/19		150,000			150,000

Total Aerospace & Defense										1,238,462

Air Freight & Logistics - 0.3%
Air Medical Merger Sub Corp., Senior Notes		6.375	%		5/15/23		130,000			125,775	^(a)
XPO Logistics Inc., Senior Notes		7.875	%		9/1/19		400,000			431,000	^(a)

Total Air Freight & Logistics										556,775

Airlines - 0.7%
Air Canada, Pass-Through Trust, Secured Notes		6.625	%		5/15/18		130,000			137,475	^(a)
American Airlines, Pass-Through Trust, Secured Notes		7.000	%		1/31/18		127,173			136,711	^(a)
Continental Airlines Inc., Pass-Through Certificates, Secured Bonds		7.373	%		12/15/15		21,939			22,391
Continental Airlines Inc., Pass-Through Certificates, Secured Notes		9.250	%		5/10/17		2,166			2,382
Continental Airlines Inc., Pass-Through Certificates, Secured Notes		5.500	%		10/29/20		180,782			192,080	^(b)
Delta Air Lines Inc., Pass-Through Certificates, Subordinated Secured Notes		9.750	%		12/17/16		78,860			87,535	^(b)
Heathrow Finance PLC, Senior Secured Notes		7.125	%		3/1/17		400,000	^GBP		662,706	^(b)(f)

Total Airlines										1,241,280

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		May 31, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Building Products - 0.3%
Ashton Woods USA LLC/Ashton Woods Finance Co., Senior Notes		6.875	%		2/15/21		310,000		$	292,950	^(a)
GTL Trade Finance Inc., Senior Notes		7.250	%		4/16/44		250,000			240,500	^(a)(b)

Total Building Products										533,450

Commercial Services & Supplies - 1.2%
Garda World Security Corp., Senior Notes		7.250	%		11/15/21		170,000			167,450	^(a)
JM Huber Corp., Senior Notes		9.875	%		11/1/19		200,000			216,538	^(a)(b)
Monitronics International Inc., Senior Notes		9.125	%		4/1/20		710,000			701,125
RSC Equipment Rental Inc./RSC Holdings III LLC, Senior Notes		8.250	%		2/1/21		83,000			89,744	^(b)
United Rentals North America Inc., Senior Notes		7.625	%		4/15/22		418,000			458,755	^(b)
West Corp., Senior Notes		5.375	%		7/15/22		430,000			418,712	^(a)

Total Commercial Services & Supplies										2,052,324

Construction & Engineering - 2.4%
Astaldi SpA, Senior Notes		7.125	%		12/1/20		260,000	^EUR		308,403	^(a)
Astaldi SpA, Senior Notes		7.125	%		12/1/20		100,000	^EUR		118,479	^(f)
Ausdrill Finance Pty Ltd., Senior Notes		6.875	%		11/1/19		400,000			344,000	^(a)(b)
Brundage-Bone Concrete Pumping Inc., Senior Secured Notes		10.375	%		9/1/21		270,000			283,500	^(a)
Empresas ICA SAB de CV, Senior Notes		8.875	%		5/29/24		616,000			534,380	^(a)(b)
Michael Baker Holdings LLC/Michael Baker Finance Corp., Senior Notes		8.875	%		4/15/19		340,000			314,500	^(a)(c)
Michael Baker International LLC/CDL Acquisition Co. Inc., Senior Secured Notes		8.250	%		10/15/18		400,000			393,500	^(a)(b)
Modular Space Corp., Secured Notes		10.250	%		1/31/19		330,000			282,975	^(a)
Odebrecht Finance Ltd., Senior Notes		4.375	%		4/25/25		630,000			562,905	^(a)(b)
Odebrecht Finance Ltd., Senior Notes		5.250	%		6/27/29		762,000			674,904	^(a)(b)
Odebrecht Offshore Drilling Finance Ltd., Senior Secured Notes		6.625	%		10/1/22		189,800			170,440	^(a)(b)

Total Construction & Engineering										3,987,986

Electrical Equipment - 0.3%
International Wire Group Holdings Inc., Senior Secured Notes		8.500	%		10/15/17		230,000			240,350	^(a)
NES Rentals Holdings Inc., Senior Secured Notes		7.875	%		5/1/18		200,000			205,500	^(a)
Trionista TopCo GmbH, Senior Subordinated Notes		6.875	%		4/30/21		100,000	^EUR		118,342	^(a)

Total Electrical Equipment										564,192

Industrial Conglomerates - 0.4%
Alfa SAB de CV, Senior Notes		6.875	%		3/25/44		200,000			215,000	^(a)(b)
Leucadia National Corp., Senior Notes		8.125	%		9/15/15		40,000			40,775	^(b)
Sinochem Overseas Capital Co., Ltd., Senior Notes		4.500	%		11/12/20		370,000			398,678	^(a)(b)

Total Industrial Conglomerates										654,453

Machinery - 1.6%
CTP Transportation Products LLC/CTP Finance Inc., Senior Secured Notes		8.250	%		12/15/19		130,000			138,775	^(a)
Dematic SA/DH Services Luxembourg Sarl, Senior Notes		7.750	%		12/15/20		620,000			654,100	^(a)
Global Brass and Copper Inc., Senior Secured Notes		9.500	%		6/1/19		280,000			306,600
KION Finance SA, Senior Secured Notes		6.750	%		2/15/20		729,000	^EUR		859,517	^(a)

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		May 31, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Machinery - (continued)
KraussMaffei Group GmbH, Senior Secured Notes		8.750	%		12/15/20		153,000	^EUR	$	184,424	^(a)
KraussMaffei Group GmbH, Senior Secured Notes		8.750	%		12/15/20		135,000	^EUR		162,727	^(f)
SIG Combibloc Holdings SCA, Senior Bonds		7.750	%		2/15/23		190,000	^EUR		222,523	^(a)
SPL Logistics Escrow LLC/SPL Logistics Finance Corp., Senior Secured Notes		8.875	%		8/1/20		200,000			214,000	^(a)(b)

Total Machinery										2,742,666

Marine - 0.4%
Navios Maritime Acquisition Corp./Navios Acquisition Finance U.S. Inc., Senior Secured Notes		8.125	%		11/15/21		460,000			470,350	^(a)
Ultrapetrol Bahamas Ltd., Senior Secured Notes		8.875	%		6/15/21		240,000			222,000

Total Marine										692,350

Road & Rail - 1.1%
Flexi-Van Leasing Inc., Senior Notes		7.875	%		8/15/18		270,000			277,763	^(a)(b)
Florida East Coast Holdings Corp., Senior Notes		9.750	%		5/1/20		370,000			354,275	^(a)
Florida East Coast Holdings Corp., Senior Secured Notes		6.750	%		5/1/19		130,000			130,000	^(a)
Gategroup Finance Luxembourg SA, Senior Notes		6.750	%		3/1/19		69,655	^EUR		80,710	^(a)
Jack Cooper Holdings Corp., Senior Secured Notes		10.250	%		6/1/20		510,000			449,437	^(a)
Jurassic Holdings III Inc., Secured Notes		6.875	%		2/15/21		280,000			234,500	^(a)
Quality Distribution LLC/QD Capital Corp., Secured Notes		9.875	%		11/1/18		348,000			368,010	^(b)

Total Road & Rail										1,894,695

Trading Companies & Distributors - 0.3%
H&E Equipment Services Inc., Senior Notes		7.000	%		9/1/22		410,000			434,600	^(b)

Transportation - 1.0%
CMA CGM, Senior Notes		8.500	%		4/15/17		540,000			554,175	^(a)(b)
Hapag-Lloyd AG, Senior Notes		9.750	%		10/15/17		410,000			426,400	^(a)(b)
Neovia Logistics Intermediate Holdings LLC/Logistics Intermediate Finance Corp., Senior Notes		10.000	%		2/15/18		450,000			453,375	^(a)(c)
Syncreon Group BV/Syncreon Global Finance U.S. Inc., Senior Notes		8.625	%		11/1/21		370,000			297,850	^(a)

Total Transportation										1,731,800

Transportation Infrastructure - 0.5%
Mersin Uluslararasi Liman Isletmeciligi AS, Notes		5.875	%		8/12/20		260,000			277,927	^(a)(b)
PT Pelabuhan Indonesia II, Senior Bonds		4.250	%		5/5/25		490,000			472,850	^(a)

Total Transportation Infrastructure										750,777

TOTAL INDUSTRIALS										19,075,810

INFORMATION TECHNOLOGY - 2.0%
Communications Equipment - 0.2%
CommScope Technologies Finance LLC, Senior Notes		6.000	%		6/15/25		280,000			284,200	^(a)

Electronic Equipment, Instruments & Components - 0.2%
Interface Security Systems Holdings Inc./Interface Security Systems LLC, Senior Secured Notes		9.250	%		1/15/18		290,000			294,350

Internet Software & Services - 0.2%
Ancestry.com Holdings LLC, Senior Notes		9.625	%		10/15/18		130,000			134,713	^(a)(c)
Ancestry.com Inc., Senior Notes		11.000	%		12/15/20		250,000			286,250

Total Internet Software & Services										420,963

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		May 31, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
IT Services - 0.9%
Compiler Finance Subordinated Inc., Senior Notes		7.000	%		5/1/21		400,000		$	306,000	^(a)
First Data Corp., Secured Notes		8.250	%		1/15/21		160,000			171,000	^(a)
First Data Corp., Senior Notes		12.625	%		1/15/21		610,000			715,987
First Data Corp., Senior Subordinated Notes		11.750	%		8/15/21		246,000			281,978

Total IT Services										1,474,965

Semiconductors & Semiconductor Equipment - 0.1%
Micron Technology Inc., Senior Notes		5.250	%		8/1/23		210,000			210,525	^(a)

Software - 0.4%
Audatex North America Inc., Senior Notes		6.000	%		6/15/21		230,000			240,877	^(a)(b)
Oberthur Technologies Holding SAS, Senior Secured Notes		9.250	%		4/30/20		400,000	^EUR		485,448	^(a)

Total Software										726,325

TOTAL INFORMATION TECHNOLOGY										3,411,328

MATERIALS - 14.2%
Chemicals - 1.5%
Alpek SA de CV, Senior Notes		4.500	%		11/20/22		235,000			242,050	^(a)(b)
Eco Services Operations LLC/Eco Finance Corp., Senior Notes		8.500	%		11/1/22		160,000			160,800	^(a)
Hexion Inc., Senior Secured Notes		8.875	%		2/1/18		250,000			230,625
HIG BBC Intermediate Holdings LLC/HIG BBC Holdings Corp., Senior Notes		10.500	%		9/15/18		160,000			159,600	^(a)(c)
Kerling PLC, Senior Secured Notes		10.625	%		2/1/17		118,000	^EUR		133,811	^(a)(b)
KP Germany Erste GmbH, Senior Secured Notes		11.625	%		7/15/17		180,000	^EUR		214,451	^(a)(b)
KP Germany Erste GmbH, Senior Secured Notes		11.625	%		7/15/17		120,000	^EUR		142,967	^(b)(f)
Mexichem SAB de CV, Senior Notes		4.875	%		9/19/22		260,000			274,040	^(a)(b)
OCP SA, Senior Notes		5.625	%		4/25/24		450,000			481,500	^(a)(b)
OCP SA, Senior Notes		4.500	%		10/22/25		430,000			421,400	^(a)
Techniplas LLC, Senior Secured Notes		10.000	%		5/1/20		100,000			102,250	^(a)

Total Chemicals										2,563,494

Construction Materials - 1.7%
Cementos Pacasmayo SAA, Senior Notes		4.500	%		2/8/23		220,000			213,444	^(a)(b)
Cementos Pacasmayo SAA, Senior Notes		4.500	%		2/8/23		100,000			97,020	^(b)(f)
Cemex Finance LLC, Senior Secured Notes		9.375	%		10/12/22		560,000			638,400	^(a)(b)
Cemex Finance LLC, Senior Secured Notes		9.375	%		10/12/22		400,000			456,000	^(b)(f)
Cemex SAB de CV, Senior Secured Notes		5.700	%		1/11/25		540,000			532,413	^(a)
Cemex SAB de CV, Senior Secured Notes		6.125	%		5/5/25		220,000			222,530	^(a)
Cimpor Financial Operations BV, Senior Notes		5.750	%		7/17/24		350,000			313,250	^(a)
Hardwoods Acquisition Inc., Senior Secured Notes		7.500	%		8/1/21		270,000			260,550	^(a)
NWH Escrow Corp., Senior Secured Notes		7.500	%		8/1/21		100,000			95,000	^(a)

Total Construction Materials										2,828,607

Containers & Packaging - 2.2%
Ardagh Finance Holdings SA, Senior Notes		8.625	%		6/15/19		271,399			290,736	^(a)(c)
Ardagh Packaging Finance PLC, Senior Notes		9.250	%		10/15/20		1,000,000	^EUR		1,178,311	^(a)(b)
Ardagh Packaging Finance PLC/Ardagh MP Holdings USA Inc., Senior Notes		6.750	%		1/31/21		320,000			331,200	^(a)
Ardagh Packaging Finance PLC/Ardagh MP Holdings USA Inc., Senior Notes		6.000	%		6/30/21		200,000			202,000	^(a)
BWAY Holding Co., Senior Notes		9.125	%		8/15/21		460,000			479,550	^(a)
Coveris Holdings SA, Senior Notes		7.875	%		11/1/19		400,000			411,000	^(a)
Pactiv LLC, Senior Bonds		8.375	%		4/15/27		40,000			41,000
Pactiv LLC, Senior Notes		7.950	%		12/15/25		330,000			335,775
PaperWorks Industries Inc., Senior Secured Notes		9.500	%		8/15/19		220,000			224,125	^(a)
Suzano Trading Ltd., Senior Notes		5.875	%		1/23/21		240,000			253,080	^(a)(b)

Total Containers & Packaging										3,746,777

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		May 31, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Metals & Mining - 7.6%
ArcelorMittal, Senior Bonds		5.125	%		6/1/20		90,000		$	91,575
ArcelorMittal, Senior Bonds		6.125	%		6/1/25		260,000			264,875
ArcelorMittal, Senior Notes		7.000	%		2/25/22		10,000			10,975
Barminco Finance Pty Ltd., Senior Notes		9.000	%		6/1/18		270,000			256,500	^(a)
Coeur Mining Inc., Senior Notes		7.875	%		2/1/21		670,000			579,550	^(b)
Corporacion Nacional del Cobre de Chile, Senior Notes		3.750	%		11/4/20		250,000			263,545	^(a)(b)
Corporacion Nacional del Cobre de Chile, Senior Notes		3.875	%		11/3/21		490,000			516,041	^(a)(b)
Corporacion Nacional del Cobre de Chile, Senior Notes		3.000	%		7/17/22		300,000			295,978	^(b)(f)
Corporacion Nacional del Cobre de Chile, Senior Notes		3.000	%		7/17/22		200,000			197,318	^(a)(b)
Evraz Group SA, Senior Notes		9.500	%		4/24/18		540,000			561,600	^(b)(f)
Evraz Group SA, Senior Notes		6.750	%		4/27/18		360,000			349,200	^(a)(b)
FMG Resources (August 2006) Pty Ltd., Senior Notes		8.250	%		11/1/19		90,000			82,687	^(a)
FMG Resources (August 2006) Pty Ltd., Senior Notes		6.875	%		4/1/22		180,000			138,600	^(a)
FMG Resources (August 2006) Pty Ltd., Senior Secured Notes		9.750	%		3/1/22		390,000			410,475	^(a)
Gerdau Trade Inc., Senior Notes		4.750	%		4/15/23		270,000			259,875	^(a)(b)
Midwest Vanadium Pty Ltd., Senior Secured Notes		11.500	%		2/15/18		330,000			18,150	^(a)(d)(h)
Mirabela Nickel Ltd., Subordinated Notes		1.000	%		9/10/44		4,051			0	^(a)(d)(e)(j)
Prince Mineral Holding Corp., Senior Secured Notes		11.500	%		12/15/19		170,000			163,625	^(a)(b)
Rain CII Carbon LLC/CII Carbon Corp., Senior Secured Notes		8.250	%		1/15/21		420,000			409,500	^(a)(b)
Rio Tinto Finance USA Ltd., Senior Notes		9.000	%		5/1/19		260,000			327,639	^(b)
Ryerson Inc./Joseph T. Ryerson & Son Inc., Senior Secured Notes		9.000	%		10/15/17		420,000			428,400
Schaeffler Holding Finance BV, Senior Secured Bonds		6.875	%		8/15/18		200,000			208,500	^(a)(c)
Schaeffler Holding Finance BV, Senior Secured Notes		6.875	%		8/15/18		290,000	^EUR		333,369	^(a)(c)
Schaeffler Holding Finance BV, Senior Secured Notes		6.750	%		11/15/22		380,000			416,100	^(a)(c)
Severstal OAO Via Steel Capital SA, Senior Notes		4.450	%		3/19/18		300,000			292,500	^(a)(b)
Southern Copper Corp., Senior Notes		5.375	%		4/16/20		200,000			221,200	^(b)
Southern Copper Corp., Senior Notes		3.875	%		4/23/25		240,000			235,445
Southern Copper Corp., Senior Notes		6.750	%		4/16/40		730,000			776,508	^(b)
Southern Copper Corp., Senior Notes		5.250	%		11/8/42		180,000			162,495	^(b)
St. Barbara Ltd., Senior Secured Notes		8.875	%		4/15/18		210,000			197,400	^(a)
Steel Dynamics Inc., Senior Notes		6.125	%		8/15/19		150,000			160,875	^(b)
Thompson Creek Metals Co. Inc., Senior Notes		12.500	%		5/1/19		230,000			221,950
Tupy Overseas SA, Senior Bonds		6.625	%		7/17/24		250,000			251,500	^(a)
Vale Overseas Ltd., Senior Notes		4.375	%		1/11/22		200,000			197,046	^(b)
Vale Overseas Ltd., Senior Notes		6.875	%		11/21/36		2,277,000			2,250,564	^(k)
Vedanta Resources PLC, Senior Notes		6.750	%		6/7/16		450,000			464,175	^(a)
Vedanta Resources PLC, Senior Notes		9.500	%		7/18/18		100,000			104,875	^(b)(f)
Vedanta Resources PLC, Senior Notes		6.000	%		1/31/19		850,000			799,000	^(a)

Total Metals & Mining										12,919,610

Paper & Forest Products - 1.2%
Appvion Inc., Secured Notes		9.000	%		6/1/20		670,000			438,850	^(a)
Celulosa Arauco y Constitucion SA, Senior Notes		7.250	%		7/29/19		62,000			72,836	^(b)
Celulosa Arauco y Constitucion SA, Senior Notes		4.750	%		1/11/22		160,000			169,037	^(b)
Fibria Overseas Finance Ltd., Senior Notes		5.250	%		5/12/24		200,000			207,520	^(b)
Inversiones CMPC SA, Notes		4.375	%		5/15/23		200,000			205,142	^(a)(b)
Inversiones CMPC SA, Senior Notes		4.750	%		1/19/18		250,000			262,385	^(a)(b)

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		May 31, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Paper & Forest Products - (continued)
Inversiones CMPC SA, Senior Notes		4.500	%		4/25/22		190,000		$	197,822	^(a)(b)
Resolute Forest Products Inc., Senior Notes		5.875	%		5/15/23		230,000			213,325
Verso Paper Holdings LLC/Verso Paper Inc., Senior Secured Bonds		11.750	%		1/15/19		150,000			110,250
Verso Paper Holdings LLC/Verso Paper Inc., Senior Secured Notes		11.750	%		1/15/19		189,000			73,710
Verso Paper Holdings LLC/Verso Paper Inc., Senior Secured Notes		11.750	%		1/15/19		60,000			43,950

Total Paper & Forest Products										1,994,827

TOTAL MATERIALS										24,053,315

TELECOMMUNICATION SERVICES - 9.2%
Diversified Telecommunication Services - 4.6%
Axtel SAB de CV, Senior Secured Notes		9.000	%		1/31/20		944,000			947,540	^(a)
Bharti Airtel International Netherlands BV, Senior Bonds		5.350	%		5/20/24		280,000			307,720	^(a)(b)
CenturyLink Inc., Senior Notes		6.750	%		12/1/23		250,000			267,813	^(b)
Cincinnati Bell Telephone Co., Senior Debentures		6.300	%		12/1/28		50,000			49,625	^(b)
Empresa Nacional de Telecomunicaciones SA, Senior Notes		4.875	%		10/30/24		200,000			205,402	^(a)(b)
Intelsat Jackson Holdings SA, Senior Bonds		5.500	%		8/1/23		620,000			571,758
Intelsat Jackson Holdings SA, Senior Notes		7.250	%		10/15/20		760,000			773,300	^(b)
Intelsat Jackson Holdings SA, Senior Notes		7.500	%		4/1/21		150,000			152,813	^(b)
Intelsat Luxembourg SA, Senior Bonds		8.125	%		6/1/23		290,000			259,550
Level 3 Financing Inc., Senior Notes		8.625	%		7/15/20		600,000			648,750	^(b)
Level 3 Financing Inc., Senior Notes		6.125	%		1/15/21		90,000			95,625
Level 3 Financing Inc., Senoir Notes		5.625	%		2/1/23		240,000			248,700	^(a)
Ooredoo International Finance Ltd., Senior Notes		4.750	%		2/16/21		220,000			241,725	^(a)(b)
Telemar Norte Leste SA, Senior Notes		5.500	%		10/23/20		380,000			354,350	^(a)(b)
Turk Telekomunikasyon AS, Senior Bonds		3.750	%		6/19/19		330,000			331,209	^(a)(b)
Turk Telekomunikasyon AS, Senior Notes		4.875	%		6/19/24		220,000			220,277	^(a)(b)
Verizon Communications Inc., Senior Notes		5.150	%		9/15/23		390,000			436,299	^(b)
Windstream Corp., Senior Notes		7.750	%		10/1/21		220,000			209,000
Windstream Corp., Senior Notes		7.500	%		6/1/22		760,000			696,350
Windstream Corp., Senior Notes		7.500	%		4/1/23		900,000			812,250	^(b)

Total Diversified Telecommunication Services										7,830,056

Wireless Telecommunication Services - 4.6%
Altice Financing SA, Senior Secured Notes		5.250	%		2/15/23		100,000	^EUR		114,498	^(a)
Altice Financing SA, Senior Secured Notes		6.625	%		2/15/23		610,000			633,638	^(a)
Altice Finco SA, Senior Notes		7.625	%		2/15/25		200,000			205,500	^(a)
America Movil SAB de CV, Senior Notes		5.625	%		11/15/17		340,000			373,883	^(b)
Indosat Palapa Co. BV, Senior Notes		7.375	%		7/29/20		540,000			562,275	^(a)(b)
Sprint Capital Corp., Senior Notes		8.750	%		3/15/32		1,865,000			1,906,962	^(b)
Sprint Communications Inc., Senior Notes		9.000	%		11/15/18		630,000			723,712	^(a)(b)
Sprint Corp., Senior Notes		7.875	%		9/15/23		590,000			601,446
Sprint Corp., Senior Notes		7.625	%		2/15/25		1,200,000			1,180,128
T-Mobile USA Inc., Senior Notes		6.542	%		4/28/20		120,000			127,200
T-Mobile USA Inc., Senior Notes		6.633	%		4/28/21		20,000			21,376
T-Mobile USA Inc., Senior Notes		6.000	%		3/1/23		550,000			572,344	^(b)
VimpelCom Holdings BV, Senior Notes		7.504	%		3/1/22		590,000			600,325	^(f)
VimpelCom Holdings BV, Senior Notes		7.504	%		3/1/22		200,000			203,500	^(a)(b)

Total Wireless Telecommunication Services										7,826,787

TOTAL TELECOMMUNICATION SERVICES										15,656,843

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		May 31, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
UTILITIES - 4.0%
Electric Utilities - 1.5%
AES Red Oak LLC, Secured Notes		9.200	%		11/30/29		660,000		$	742,500
Comision Federal de Electricidad, Senior Notes		4.875	%		1/15/24		200,000			210,500	^(a)(b)
FirstEnergy Corp., Notes		7.375	%		11/15/31		330,000			416,252	^(b)
Majapahit Holding BV, Senior Notes		7.750	%		1/20/20		280,000			327,264	^(b)(f)
Midwest Generation LLC, Pass-Through Certificates		8.560	%		1/2/16		47,983			47,983
NRG REMA LLC, Pass-Through Certificates		9.237	%		7/2/17		58,281			62,215
NRG REMA LLC, Pass-Through Certificates		9.681	%		7/2/26		450,000			488,250	^(b)
State Grid Overseas Investment 2013 Ltd., Senior Bonds		3.125	%		5/22/23		200,000			200,804	^(a)(b)

Total Electric Utilities										2,495,768

Gas Utilities - 0.7%
Gas Natural de Lima y Callao SA, Senior Notes		4.375	%		4/1/23		200,000			203,500	^(a)(b)
Southern Natural Gas Co., Senior Notes		8.000	%		3/1/32		70,000			85,547	^(b)
Transportadora de Gas del Peru SA, Senior Notes		4.250	%		4/30/28		440,000			444,400	^(b)(f)
Transportadora de Gas Internacional SA ESP, Senior Notes		5.700	%		3/20/22		470,000			503,370	^(a)(b)

Total Gas Utilities										1,236,817

Independent Power and Renewable Electricity Producers - 1.8%
AES Gener SA, Notes		5.250	%		8/15/21		250,000			270,571	^(a)(b)
Calpine Corp., Senior Secured Notes		7.875	%		1/15/23		378,000			415,564	^(a)(b)
Empresa Nacional de Electricidad SA, Senior Notes		4.250	%		4/15/24		130,000			135,803	^(b)
Foresight Energy LLC/Foresight Energy Corp., Senior Notes		7.875	%		8/15/21		500,000			483,750	^(a)
Korea East-West Power Co., Ltd., Senior Notes		2.500	%		6/2/20		400,000			403,018	^(a)
Mirant Mid Atlantic LLC, Pass-Through Certificates		10.060	%		12/30/28		1,071,724			1,160,811	^(b)
TerraForm Power Operating LLC, Senior Notes		5.875	%		2/1/23		220,000			227,700	^(a)

Total Independent Power and Renewable Electricity Producers										3,097,217

TOTAL UTILITIES										6,829,802

TOTAL CORPORATE BONDS & NOTES (Cost - $153,435,771)										154,902,812

CONVERTIBLE BONDS & NOTES - 0.3%
MATERIALS - 0.2%
Chemicals - 0.1%
Hercules Inc., Junior Subordinated Bonds		6.500	%		6/30/29		90,000			82,519

Metals & Mining - 0.1%
Mirabela Nickel Ltd., Senior Secured Bonds		9.500	%		6/24/19		305,870			224,814	^(a)(c)(d)

TOTAL MATERIALS										307,333

TELECOMMUNICATION SERVICES - 0.1%
Diversified Telecommunication Services - 0.1%
Axtel SAB de CV, Senior Secured Notes		9.000	%		1/31/20		1,395,900	^MXN		172,234	^(a)

TOTAL CONVERTIBLE BONDS & NOTES (Cost - $577,665)										479,567

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		May 31, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
SENIOR LOANS - 2.2%
CONSUMER DISCRETIONARY - 0.3%
Hotels, Restaurants & Leisure - 0.2%
Equinox Holdings Inc., Second Lien Term Loan		9.750	%		7/31/20		300,000		$	306,000	^(l)(m)

Textiles, Apparel & Luxury Goods - 0.1%
TOMS Shoes LLC, Term Loan B		6.500	%		10/28/20		180,000			167,325	^(l)(m)

TOTAL CONSUMER DISCRETIONARY										473,325

CONSUMER STAPLES - 0.1%
Food Products - 0.1%
AdvancePierre Foods Inc., Second Lien Term Loan		9.500	%		10/10/17		130,000			131,625	^(l)(m)

ENERGY - 0.2%
Oil, Gas & Consumable Fuels - 0.2%
Murray Energy Corp., Term Loan B2		7.500	%		3/19/21		200,000			194,975	^(l)(m)
Westmoreland Coal Co., Term Loan B		7.500	%		12/16/20		229,425			229,712	^(l)(m)

TOTAL ENERGY										424,687

HEALTH CARE - 1.2%
Health Care Providers & Services - 1.2%
Physiotherapy Associates Holdings Inc., Exit Term Loan		11.000	%		1/2/17		250,000			249,844	^(d)(l)(m)
Radnet Management Inc., Second Lien Term Loan		8.000	%		3/25/21		290,000			287,462	^(l)(m)
Tenet Healthcare Corp., Bridge Loan		—			7/1/15		1,422,000			1,422,000	^(d)(e)(n)

TOTAL HEALTH CARE										1,959,306

MATERIALS - 0.3%
Chemicals - 0.3%
Kerling PLC, EUR Term Loan		10.000	%		6/30/16		300,000	^EUR		333,197	^(l)(m)
Kronos Inc., Second Lien Term Loan		9.750	%		4/30/20		229,820			238,093	^(l)(m)

TOTAL MATERIALS										571,290

UTILITIES - 0.1%
Electric Utilities - 0.1%
Panda Temple Power LLC, 2015 Term Loan B		7.250	%		3/4/22		260,000			257,400	^(l)(m)

TOTAL SENIOR LOANS (Cost - $3,869,757)										3,817,633

SOVEREIGN BONDS - 32.6%
Argentina - 0.6%
Republic of Argentina, Senior Bonds		7.000	%		10/3/15		1,018,000			1,002,441

Brazil - 2.3%
Banco Nacional de Desenvolvimento Economico e Social, Senior Notes		5.750	%		9/26/23		220,000			231,660	^(a)(b)
Federative Republic of Brazil, Senior Notes		10.000	%		1/1/17		8,123,000	^BRL		2,442,376
Federative Republic of Brazil, Senior Notes		8.000	%		1/15/18		1,209,334			1,309,104	^(k)

Total Brazil										3,983,140

Chile - 0.3%
Republic of Chile, Senior Notes		3.875	%		8/5/20		412,000			450,110	^(b)

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		May 31, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Colombia - 1.9%
Republic of Colombia, Senior Bonds		7.375	%		9/18/37		2,150,000	$	2,797,687	^(k)
Republic of Colombia, Senior Bonds		6.125	%		1/18/41		180,000		207,000
Republic of Colombia, Senior Notes		7.375	%		3/18/19		255,000		300,263

Total Colombia									3,304,950

Costa Rica - 0.3%
Republic of Costa Rica, Notes		7.000	%		4/4/44		590,000		578,200	^(a)

Croatia - 0.6%
Republic of Croatia, Senior Notes		6.625	%		7/14/20		260,000		289,250	^(a)
Republic of Croatia, Senior Notes		5.500	%		4/4/23		550,000		582,108	^(a)
Republic of Croatia, Senior Notes		5.500	%		4/4/23		210,000		222,259	^(f)

Total Croatia									1,093,617

Dominican Republic - 1.3%
Dominican Republic, Senior Notes		5.500	%		1/27/25		970,000		989,400	^(a)
Dominican Republic, Senior Notes		6.850	%		1/27/45		1,140,000		1,185,600	^(a)

Total Dominican Republic									2,175,000

Ecuador - 0.6%
Republic of Ecuador, Senior Bonds		10.500	%		3/24/20		460,000		485,300	^(a)
Republic of Ecuador, Senior Bonds		7.950	%		6/20/24		536,000		510,540	^(a)

Total Ecuador									995,840

El Salvador - 0.1%
Republic of El Salvador, Notes		6.375	%		1/18/27		190,000		189,288	^(a)

Gabon - 0.2%
Gabonese Republic, Bonds		6.375	%		12/12/24		250,000		248,500	^(a)

Honduras - 0.3%
Republic of Honduras, Senior Notes		7.500	%		3/15/24		400,000		438,000	^(f)

Hungary - 1.2%
Republic of Hungary, Senior Notes		5.750	%		11/22/23		1,528,000		1,744,023
Republic of Hungary, Senior Notes		5.375	%		3/25/24		300,000		333,210

Total Hungary									2,077,233

Indonesia - 2.8%
Republic of Indonesia, Senior Bonds		6.875	%		1/17/18		100,000		113,000	^(f)
Republic of Indonesia, Senior Bonds		6.625	%		2/17/37		775,000		900,938	^(f)
Republic of Indonesia, Senior Notes		5.875	%		1/15/24		1,727,000		1,947,192	^(a)
Republic of Indonesia, Senior Notes		5.250	%		1/17/42		1,110,000		1,123,875	^(f)
Republic of Indonesia, Senior Notes		5.250	%		1/17/42		680,000		688,500	^(a)

Total Indonesia									4,773,505

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		May 31, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Ivory Coast - 0.7%
Republic of Cote D’Ivoire, Senior Notes		5.375	%		7/23/24		950,000		$	915,562	^(a)
Republic of Cote D’Ivoire, Senior Notes		6.375	%		3/3/28		240,000			240,600	^(a)

Total Ivory Coast										1,156,162

Jamaica - 0.2%
Government of Jamaica, Senior Notes		7.625	%		7/9/25		250,000			281,250

Kenya - 0.4%
Republic of Kenya, Senior Notes		6.875	%		6/24/24		600,000			631,050	^(a)

Lithuania - 0.6%
Republic of Lithuania, Senior Notes		6.125	%		3/9/21		860,000			1,015,815	^(a)

Mexico - 2.2%
United Mexican States, Senior Bonds		8.000	%		6/11/20		14,918,500	^MXN		1,084,842	^(b)
United Mexican States, Senior Bonds		6.500	%		6/9/22		1,780,200	^MXN		120,636
United Mexican States, Senior Bonds		10.000	%		12/5/24		4,800,000	^MXN		402,050
United Mexican States, Senior Notes		5.125	%		1/15/20		220,000			244,750	^(b)
United Mexican States, Senior Notes		3.625	%		3/15/22		520,000			533,260	^(b)
United Mexican States, Senior Notes		4.000	%		10/2/23		160,000			167,200
United Mexican States, Senior Notes		4.750	%		3/8/44		1,230,000			1,245,683	^(b)

Total Mexico										3,798,421

Pakistan - 0.6%
Republic of Pakistan, Senior Bonds		6.875	%		6/1/17		100,000			104,625	^(a)
Republic of Pakistan, Senior Bonds		7.250	%		4/15/19		880,000			925,333	^(a)

Total Pakistan										1,029,958

Panama - 0.3%
Republic of Panama, Senior Bonds		6.700	%		1/26/36		459,000			586,372

Paraguay - 0.2%
Republic of Paraguay, Senior Notes		6.100	%		8/11/44		360,000			388,800	^(a)

Peru - 1.9%
Republic of Peru, Senior Bonds		7.350	%		7/21/25		1,200,000			1,611,000	^(k)
Republic of Peru, Senior Bonds		8.750	%		11/21/33		690,000			1,083,300
Republic of Peru, Senior Bonds		6.550	%		3/14/37		321,000			418,102
Republic of Peru, Senior Bonds		5.625	%		11/18/50		79,000			93,220

Total Peru										3,205,622

Philippines - 0.8%
Republic of the Philippines, Senior Bonds		5.500	%		3/30/26		660,000			799,425
Republic of the Philippines, Senior Bonds		3.950	%		1/20/40		600,000			628,500

Total Philippines										1,427,925

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		May 31, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Poland - 1.5%
Republic of Poland, Senior Notes		6.375	%		7/15/19		400,000	$	467,400
Republic of Poland, Senior Notes		5.125	%		4/21/21		500,000		565,725
Republic of Poland, Senior Notes		5.000	%		3/23/22		1,270,000		1,436,700

Total Poland									2,469,825

Russia - 3.5%
Russian Foreign Bond - Eurobond, Senior Bonds		4.875	%		9/16/23		400,000		398,000	^(a)(b)
Russian Foreign Bond - Eurobond, Senior Bonds		12.750	%		6/24/28		42,000		66,780	^(b)(f)
Russian Foreign Bond - Eurobond, Senior Bonds		7.500	%		3/31/30		2,467,188		2,895,245	^(f)(k)
Russian Foreign Bond - Eurobond, Senior Bonds		5.625	%		4/4/42		2,600,000		2,516,566	^(a)(b)

Total Russia									5,876,591

Senegal - 0.1%
Republic of Senegal, Bonds		6.250	%		7/30/24		200,000		197,000	^(f)

South Africa - 0.2%
Republic of South Africa, Senior Notes		5.875	%		9/16/25		260,000		295,823

Sri Lanka - 0.5%
Republic of Sri Lanka, Senior Bonds		6.000	%		1/14/19		610,000		626,012	^(a)
Republic of Sri Lanka, Senior Bonds		5.125	%		4/11/19		210,000		210,263	^(a)

Total Sri Lanka									836,275

Tunisia - 0.1%
Banque Centrale de Tunisie SA, Senior Bonds		5.750	%		1/30/25		200,000		207,000	^(a)

Turkey - 4.8%
Republic of Turkey, Senior Bonds		5.750	%		3/22/24		260,000		287,874
Republic of Turkey, Senior Bonds		4.250	%		4/14/26		520,000		505,154
Republic of Turkey, Senior Bonds		11.875	%		1/15/30		575,000		997,625
Republic of Turkey, Senior Notes		6.875	%		3/17/36		5,296,000		6,405,936	^(k)
Republic of Turkey, Senior Notes		6.750	%		5/30/40		25,000		30,156

Total Turkey									8,226,745

Uruguay - 0.5%
Republic of Uruguay, Senior Bonds		5.100	%		6/18/50		200,000		202,000
Republic of Uruguay, Senior Notes		4.500	%		8/14/24		570,000		611,325

Total Uruguay									813,325

Venezuela - 0.8%
Bolivarian Republic of Venezuela, Senior Bonds		9.375	%		1/13/34		1,200,000		487,800	^(k)
Bolivarian Republic of Venezuela, Senior Notes		7.750	%		10/13/19		1,617,000		695,310	^(f)
Bolivarian Republic of Venezuela, Senior Notes		7.650	%		4/21/25		233,000		90,870

Total Venezuela									1,273,980

Vietnam - 0.2%
Republic of Vietnam, Senior Bonds		4.800	%		11/19/24		300,000		307,125	^(a)

TOTAL SOVEREIGN BONDS (Cost - $54,339,158)									55,334,888

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		May 31, 2015


SECURITY				SHARES		VALUE
COMMON STOCKS - 2.9%
CONSUMER DISCRETIONARY - 0.2%
Automobiles - 0.2%
Ford Motor Co.					18,914	$	286,925

Hotels, Restaurants & Leisure - 0.0%
Bossier Casino Venture Holdco Inc.					19,194		0	*^(d)(e)(j)

TOTAL CONSUMER DISCRETIONARY							286,925

ENERGY - 0.5%
Energy Equipment & Services - 0.5%
KCAD Holdings I Ltd.					77,972,021		854,885	*^(d)(e)

FINANCIALS - 1.8%
Banks - 1.8%
Citigroup Inc.					50,751		2,744,614
JPMorgan Chase & Co.					5,293		348,174

TOTAL FINANCIALS							3,092,788

HEALTH CARE - 0.2%
Health Care Providers & Services - 0.2%
Physiotherapy Associates Holdings Inc.					3,500		290,500	*^(d)(e)

INDUSTRIALS - 0.2%
Marine - 0.2%
DeepOcean Group Holding AS					26,137		246,132	*^(d)(e)
Horizon Lines Inc., Class A Shares					170,006		122,065	*^(d)

TOTAL INDUSTRIALS							368,197

MATERIALS - 0.0%
Metals & Mining - 0.0%
Mirabela Nickel Ltd.					837,929		79,396	*

TOTAL COMMON STOCKS (Cost - $4,903,781)							4,972,691


	RATE
CONVERTIBLE PREFERRED STOCKS - 0.1%
ENERGY - 0.1%
Oil, Gas & Consumable Fuels - 0.1%
Rex Energy Corp. (Cost - $179,250)		6.000	%		2,000		90,180

PREFERRED STOCKS - 0.7%
FINANCIALS - 0.7%
Consumer Finance - 0.7%
GMAC Capital Trust I (Cost - $1,085,701)		8.125	%		43,913		1,144,373	^(g)


	EXPIRATION DATE			WARRANTS
WARRANTS - 0.1%
Bolivarian Republic of Venezuela, Oil-linked payment obligations		4/15/20			9,125		85,547
Jack Cooper Holdings Corp.		12/15/17			496		84,320	*^(a)
Jack Cooper Holdings Corp.		5/6/18			228		38,760	*^(a)

TOTAL WARRANTS (Cost - $12,465)							208,627

TOTAL INVESTMENTS - 130.0% (Cost - $218,403,548#)							220,950,771
Liabilities in Excess of Other Assets - (30.0)%							(50,929,310	)

TOTAL NET ASSETS - 100.0%						$	170,021,461

*	Non-income producing security.

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

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		May 31, 2015

(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, unless otherwise noted.

(b)	All or a portion of this security is pledged as collateral pursuant to the loan agreement.

(c)	Payment-in-kind security for which the issuer has the option at each interest payment date of making interest payments in cash or additional debt securities.

(d)	Illiquid security.

(e)	Security is valued in good faith in accordance with procedures approved by the Board of Directors (See Note 1).

(f)

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, unless otherwise noted.

(g)	Variable rate security. Interest rate disclosed is as of the most recent information available.

(h)	The coupon payment on these securities is currently in default as of May 31, 2015.

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

(j)	Value is less than $1.

(k)	All or a portion of this security is held by the counterparty as collateral for open reverse repurchase agreements.

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

(m)	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.

(n)	All or a portion of this loan is unfunded as of May 31, 2015. The interest rate for fully unfunded term loans is to be determined.

#	Aggregate cost for federal income tax purposes is substantially the same.

Abbreviations used in this schedule:


AUD		— Australian Dollar
BRL		— Brazilian Real
EUR		— Euro
GBP		— British Pound
MXN		— Mexican Peso

This Schedule of Investments is unaudited and is intended to provide information about the Fund’s portfolio holdings 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 Partners Income Fund Inc. (the “Fund”) was incorporated in Maryland on September 3, 1993 and is registered as a non-diversified, closed-end management investment company under the Investment Company Act of 1940, as amended (the “1940 Act”). The Fund seeks to maintain a high level of current income. As a secondary objective, the Fund seeks capital appreciation.

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. Short-term fixed income securities that will mature in 60 days or less are valued at amortized cost, unless it is determined that using this method would not reflect an investment’s fair value. Futures contracts are valued daily at the settlement price established by the board of trade or exchange on which they are traded. 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 (formerly, Legg Mason North American Fund Valuation Committee) (the “Valuation Committee”). The Valuation Committee, pursuant to the policies 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.

Notes to Schedule of Investments (unaudited) (continued)

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)

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:
Consumer discretionary		—	$	19,936,551	$	370,449		$	20,307,000
Industrials		—		18,634,711		441,099			19,075,810
Materials		—		24,053,315		0	*		24,053,315
Utilities		—		6,293,569		536,233			6,829,802
Other corporate bonds & notes		—		84,636,885		—			84,636,885
Convertible bonds & notes		—		479,567		—			479,567
Senior loans:
Consumer discretionary		—		167,325		306,000			473,325
Consumer staples		—		—		131,625			131,625
Energy		—		194,975		229,712			424,687
Other senior loans		—		2,787,996		—			2,787,996
Sovereign bonds		—		55,334,888		—			55,334,888
Common stocks:
Consumer discretionary	$	286,925		—		0	*		286,925
Energy		—		—		854,885			854,885
Health care		—		—		290,500			290,500
Industrials		122,065		—		246,132			368,197
Materials		—		79,396		—			79,396
Other common stocks		3,092,788		—		—			3,092,788
Convertible preferred stocks		—		90,180		—			90,180
Preferred stocks		1,144,373		—		—			1,144,373
Warrants		—		208,627		—			208,627

Total investments	$	4,646,151	$	212,897,985	$	3,406,635		$	220,950,771

Other financial instruments:
Forward foreign currency contracts		—	$	244,382		—		$	244,382

Total	$	4,646,151	$	213,142,367	$	3,406,635		$	221,195,153


LIABILITIES
DESCRIPTION	QUOTED PRICES (LEVEL 1)		OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2)		SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3)			TOTAL
Other financial instruments:
Futures contracts	$	51,884		—		—		$	51,884
Forward foreign currency contracts		—	$	23,711		—			23,711

Total	$	51,884	$	23,711		—		$	75,595

†	See Schedule of Investments for additional detailed categorizations.

*	Amount represents less than $1.

The Fund’s policy is to recognize transfers between levels as of the end of reporting period.

At May 31, 2015, securities valued at $90,180 were transferred from Level 1 to Level 2 within the fair value hierarchy because of the unavailability of a quoted price in an active market for an identical investment.

Notes to Schedule of Investments (unaudited) (continued)

The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value:


	CORPORATE BONDS & NOTES											CONVERTIBLE BONDS & NOTES			SENIOR LOANS
INVESTMENTS IN SECURITIES	CONSUMER DISCRETIONARY			INDUSTRIALS		MATERIALS			UTILITIES			MATERIALS			CONSUMER DISCRETIONARY		CONSUMER STAPLES		ENERGY			TOTAL
Balance as of August 31, 2014	$	427,333			—		—		$	0	*	$	292,000			—		—		—		$	719,333
Accrued premiums/discounts		4,545			—		—			—			—			—		—	$	318			4,863
Realized gain (loss)		4			—		—			(154,270	)		—			—		—		14			(154,252	)
Change in unrealized appreciation (depreciation)¹		1,884			—		—			155,879			(81,056	)		—		—		5,705			82,412
Purchases		42,550			—		0	*		—			13,870			—		—		224,250			280,670
Sales		(105,867	)		—		—			(1,609	)		—			—		—		(575	)		(108,051	)
Transfers into Level 3²		—			441,099		—			536,233			—		$	306,000	$	131,625		—			1,414,957
Transfers out of Level 3³		—			—		—			—			(224,814	)		—		—		—			(224,814	)

Balance as of May 31, 2015	$	370,449		$	441,099	$	0	*	$	536,233			—		$	306,000	$	131,625	$	229,712		$	2,015,118

Net change in unrealized appreciation (depreciation) for investments in securities still held at May 31, 2015¹	$	(67	)		—		—			—			—			—		—	$	5,705		$	5,638


	COMMON STOCKS
INVESTMENTS IN SECURITIES	CONSUMER DISCRETIONARY			ENERGY		HEALTH CARE		INDUSTRIALS			TOTAL
Balance as of August 31, 2014	$	38,388		$	717,109	$	168,000	$	740,932		$	1,664,429
Accrued premiums/discounts		—			—		—		—			—
Realized gain (loss)		—			—		—		—			—
Change in unrealized appreciation (depreciation)¹		(38,388	)		137,776		122,500		(494,800	)		(272,912	)
Purchases		—			—		—		—			—
Sales		—			—		—		—			—
Transfers into Level 3		—			—		—		—			—
Transfers out of Level 3		—			—		—		—			—

Balance as of May 31, 2015	$	0	*	$	854,885	$	290,500	$	246,132		$	1,391,517

Net change in unrealized appreciation (depreciation) for investments in securities still held at May 31, 2015¹	$	(38,388	)	$	137,776	$	122,500	$	(494,800	)	$	(272,912	)

The Fund’s policy is to recognize transfers between levels as of the end of the reporting period.

*	Amount represents less than $1.

¹	Change in unrealized appreciation (depreciation) includes net unrealized appreciation (depreciation) resulting from changes in investment values during the reporting period and the reversal of previously recorded unrealized appreciation (depreciation) when gains or losses are realized.

²	Transferred into Level 3 as a result of the unavailability of a quoted price in an active market for an identical investment or the unavailability of other significant observable inputs.

³	Transferred out of Level 3 as a result of the availability of a quoted price in an active market for an identical investment or the availability of other significant observable inputs.

2. Investments

At May 31, 2015, the aggregate gross unrealized appreciation and depreciation of investments for federal income tax purposes were substantially as follows:


Gross unrealized appreciation	$	13,664,191
Gross unrealized depreciation		(11,116,968	)

Net unrealized appreciation	$	2,547,223

Notes to Schedule of Investments (unaudited) (continued)

At May 31, 2015, the Fund had the following open reverse repurchase agreements:


Counterparty	Rate			Effective Date	Maturity Date	Face Amount of Reverse Repurchase Agreements
Credit Suisse		0.75	%	6/10/14	TBD*	$	5,150,360
Credit Suisse		0.85	%	6/10/14	TBD*		3,764,000
Credit Suisse		0.75	%	7/17/14	TBD*		1,342,200
Credit Suisse		(2.00	)%	5/4/15	TBD*		2,740,542
JPMorgan Chase & Co.		0.25	%	4/8/15	TBD*		830,000
JPMorgan Chase & Co.		0.85	%	4/8/15	TBD*		423,000

						$	14,250,102

*	TBD—To Be Determined; These reverse repurchase agreements have no maturity dates because they are renewed daily and can be terminated by either the Fund or the counterparty in accordance with the terms of the agreements.

On May 31, 2015, the total market value of underlying collateral (refer to the Schedule of Investments for positions held at the counterparty as collateral for reverse repurchase agreements) for open reverse repurchase agreements was $16,574,889.

At May 31, 2015, the Fund had the following open futures contracts:


	Number of Contracts		Expiration Date		Basis Value		Market Value		Unrealized Depreciation
Contracts to Sell:
U.S. Treasury 5-Year Notes		195		9/15	$	23,294,796	$	23,346,680	$	(51,884	)

At May 31, 2015, the Fund had the following open forward foreign currency contracts:


Currency Purchased		Currency Sold			Counterparty	Settlement Date		Unrealized Appreciation (Depreciation)
USD	2,637,912		BRL	8,397,000	Citibank N.A.		6/15/15	$	13,945
MXN	12,500,000		USD	817,902	Deutsche Bank AG		6/15/15		(6,948	)
USD	802,955		MXN	12,500,000	Deutsche Bank AG		6/15/15		(7,999	)
USD	1,601,520		EUR	1,427,030	BNP Paribas SA		8/13/15		32,639
USD	118,836		EUR	105,340	Citibank N.A.		8/13/15		3,025
USD	719,098		GBP	474,057	Citibank N.A.		8/13/15		(5,074	)
USD	4,666,868		EUR	4,097,500	UBS AG		8/13/15		162,063
USD	838,579		GBP	551,367	UBS AG		8/13/15		(3,690	)
INR	105,283,315		SGD	2,150,087	Bank of America N.A.		8/14/15		32,537
INR	28,000,000		USD	430,521	Deutsche Bank AG		8/31/15		173

Total								$	220,671

Abbreviations used in this table:


BRL		— Brazilian Real
EUR		— Euro
GBP		— British Pound
INR		— Indian Rupee
MXN		— Mexican Peso
SGD		— Singapore Dollar
USD		— United States Dollar

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 Partners Income Fund Inc.


By		/s/ KENNETH D. FULLER
		Kenneth D. Fuller
		Chief Executive Officer

Date:		July 23, 2015

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/ KENNETH D. FULLER
		Kenneth D. Fuller
		Chief Executive Officer

Date:		July 23, 2015

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

Date:		July 23, 2015

EX-99.CERT 2 d944856dex99cert.htm CERTIFICATIONS Certifications

CERTIFICATIONS

I, Kenneth D. Fuller, certify that:

1.	I have reviewed this report on Form N-Q of Western Asset Global Partners Income Fund Inc.;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the schedule of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.	The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.


Date:	July 23, 2015	/s/ KENNETH D. FULLER
		Kenneth D. Fuller
		Chief Executive Officer

CERTIFICATIONS

I, Richard F. Sennett, certify that:

1.	I have reviewed this report on Form N-Q of Western Asset Global Partners Income Fund Inc.;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the schedule of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

5.	The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.


Date:	July 23, 2015	/s/ RICHARD F. SENNETT
		Richard F. Sennett
		Principal Financial Officer