Western Asset Global Partners Income Fund Inc..

0001193125-16-435354.txt : 20160122 0001193125-16-435354.hdr.sgml : 20160122 20160122120401 ACCESSION NUMBER: 0001193125-16-435354 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20151130 FILED AS OF DATE: 20160122 DATE AS OF CHANGE: 20160122 EFFECTIVENESS DATE: 20160122 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: 161355504 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 d101448dnq.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: November 30, 2015

ITEM 1.

SCHEDULE OF INVESTMENTS.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.

FORM N-Q

NOVEMBER 30, 2015

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited)		November 30, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
CORPORATE BONDS & NOTES - 92.3%
CONSUMER DISCRETIONARY - 11.7%
Auto Components - 0.1%
Europcar Groupe SA, Secured Notes		5.750	%		6/15/22		200,000	^EUR	$	223,693	^(a)

Automobiles - 0.2%
Chrysler Group LLC/CG Co.-Issuer Inc., Secured Notes		8.250	%		6/15/21		260,000			280,553	^(b)

Diversified Consumer Services - 0.5%
Co-operative Group Holdings 2011 Ltd., Senior Notes		7.500	%		7/8/26		160,000	^GBP		262,384
Service Corp. International, Senior Notes		7.500	%		4/1/27		290,000			339,300	^(b)
StoneMor Partners LP/Cornerstone Family Services of WV, Senior Bonds		7.875	%		6/1/21		210,000			217,875

Total Diversified Consumer Services										819,559

Hotels, Restaurants & Leisure - 2.5%
Bossier Casino Venture Holdco Inc., Senior Secured Bonds		14.000	%		2/9/18		279,659			255,189	^(a)(c)(d)(e)
Carrols Restaurant Group Inc., Secured Notes		8.000	%		5/1/22		210,000			224,437
CCM Merger Inc., Senior Notes		9.125	%		5/1/19		390,000			411,450	^(a)
CEC Entertainment Inc., Senior Notes		8.000	%		2/15/22		440,000			424,600
Downstream Development Authority of the Quapaw Tribe of Oklahoma, Senior Secured Notes		10.500	%		7/1/19		300,000			313,500	^(a)(b)
Enterprise Inns PLC, Senior Secured Bonds		6.500	%		12/6/18		494,000	^GBP		796,094
Greektown Holdings LLC/Greektown Mothership Corp., Senior Secured Notes		8.875	%		3/15/19		250,000			258,125	^(a)
Landry’s Holdings II Inc., Senior Notes		10.250	%		1/1/18		180,000			183,825	^(a)
Landry’s Inc., Senior Notes		9.375	%		5/1/20		800,000			853,000	^(a)(b)

Total Hotels, Restaurants & Leisure										3,720,220

Household Durables - 1.1%
Century Intermediate Holding Co. 2, Senior Notes		9.750	%		2/15/19		410,000			423,837	^(a)(c)
Shea Homes LP/Shea Homes Funding Corp., Senior Notes		6.125	%		4/1/25		350,000			363,125	^(a)
William Lyon Homes Inc., Senior Notes		8.500	%		11/15/20		350,000			374,500
William Lyon Homes Inc., Senior Notes		7.000	%		8/15/22		60,000			61,350
Woodside Homes Co., LLC/Woodside Homes Finance Inc., Senior Notes		6.750	%		12/15/21		430,000			381,625	^(a)

Total Household Durables										1,604,437

Media - 5.5%
CCO Holdings LLC/CCO Holdings Capital Corp., Senior Notes		6.625	%		1/31/22		960,000			1,015,690	^(b)
CCO Safari II LLC, Senior Secured Notes		4.908	%		7/23/25		390,000			396,530	^(a)
CCO Safari II LLC, Senior Secured Notes		6.484	%		10/23/45		170,000			177,282	^(a)
Clear Channel Worldwide Holdings Inc., Senior Subordinated Notes		7.625	%		3/15/20		30,000			28,763
DISH DBS Corp., Senior Notes		7.875	%		9/1/19		285,000			307,800	^(b)
DISH DBS Corp., Senior Notes		6.750	%		6/1/21		390,000			393,412	^(b)
DISH DBS Corp., Senior Notes		5.875	%		7/15/22		1,570,000			1,462,062
Gibson Brands Inc., Senior Secured Notes		8.875	%		8/1/18		290,000			247,950	^(a)
iHeartCommunications Inc., Senior Notes		14.000	%		2/1/21		280,000			72,100	^(c)
Myriad International Holdings BV, Senior Notes		6.000	%		7/18/20		200,000			215,170	^(a)(b)
New Cotai LLC/New Cotai Capital Corp., Senior Secured Notes		10.625	%		5/1/19		616,931			516,680	^(a)(c)
Numericable-SFR SAS, Senior Secured Bonds		6.000	%		5/15/22		290,000			287,100	^(a)
Numericable-SFR SAS, Senior Secured Bonds		6.250	%		5/15/24		840,000			829,500	^(a)
Time Warner Cable Inc., Senior Notes		8.750	%		2/14/19		385,000			450,300	^(b)
Time Warner Cable Inc., Senior Notes		8.250	%		4/1/19		139,000			161,028	^(b)
Univision Communications Inc., Senior Notes		8.500	%		5/15/21		290,000			302,687	^(a)(b)
Univision Communications Inc., Senior Secured Notes		6.750	%		9/15/22		172,000			178,880	^(a)(b)

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		November 30, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Media - (continued)
UPC Holding BV, Junior Secured Subordinated Notes		6.375	%		9/15/22		100,000	^EUR	$	113,100	^(a)
Virgin Media Finance PLC, Senior Notes		6.375	%		4/15/23		560,000			574,700	^(a)
Virgin Media Finance PLC, Senior Notes		6.000	%		10/15/24		340,000			339,575	^(a)
Virgin Media Finance PLC, Senior Notes		5.750	%		1/15/25		200,000			195,000	^(a)

Total Media										8,265,309

Multiline Retail - 0.4%
Neiman Marcus Group LLC, Senior Secured Notes		7.125	%		6/1/28		80,000			77,400	^(b)
Neiman Marcus Group Ltd. LLC, Senior Notes		8.000	%		10/15/21		200,000			179,500	^(a)
Neiman Marcus Group Ltd. LLC, Senior Notes		8.750	%		10/15/21		350,000			313,250	^(a)(c)

Total Multiline Retail										570,150

Specialty Retail - 1.3%
American Greetings Corp., Senior Notes		7.375	%		12/1/21		290,000			304,500	^(b)
Guitar Center Inc., Senior Secured Bonds		6.500	%		4/15/19		750,000			686,250	^(a)
Hot Topic Inc., Senior Secured Notes		9.250	%		6/15/21		180,000			158,850	^(a)
L Brands Inc., Senior Notes		6.875	%		11/1/35		440,000			452,650	^(a)
Sally Holdings LLC/Sally Capital Inc., Senior Notes		5.625	%		12/1/25		400,000			407,500

Total Specialty Retail										2,009,750

Textiles, Apparel & Luxury Goods - 0.1%
Empire Today LLC/Empire Today Finance Corp., Senior Secured Notes		11.375	%		2/1/17		130,000			124,800	^(a)(b)

TOTAL CONSUMER DISCRETIONARY										17,618,471

CONSUMER STAPLES - 4.1%
Beverages - 0.5%
Carolina Beverage Group LLC/Carolina Beverage Group Finance Inc., Secured Notes		10.625	%		8/1/18		280,000			282,800	^(a)
Cott Beverages Inc., Senior Notes		6.750	%		1/1/20		240,000			249,600
DS Services of America Inc., Secured Notes		10.000	%		9/1/21		260,000			296,400	^(a)

Total Beverages										828,800

Food & Staples Retailing - 0.4%
Beverages & More Inc., Senior Secured Notes		10.000	%		11/15/18		400,000			383,500	^(a)
Dollar Tree Inc., Senior Notes		5.750	%		3/1/23		240,000			250,200	^(a)

Total Food & Staples Retailing										633,700

Food Products - 1.7%
BRF SA, Senior Notes		4.750	%		5/22/24		422,000			401,913	^(a)(b)
Dole Food Co. Inc., Senior Secured Notes		7.250	%		5/1/19		300,000			300,750	^(a)
JBS Investment GmbH, Senior Notes		7.250	%		4/3/24		260,000			261,300	^(a)
JBS USA LLC/JBS USA Finance Inc., Senior Notes		5.750	%		6/15/25		210,000			201,285	^(a)
Minerva Luxembourg SA, Senior Notes		7.750	%		1/31/23		480,000			471,600	^(f)
Pilgrim’s Pride Corp., Senior Notes		5.750	%		3/15/25		340,000			335,750	^(a)
Simmons Foods Inc., Secured Notes		7.875	%		10/1/21		560,000			513,800	^(a)

Total Food Products										2,486,398

Household Products - 1.2%
Central Garden & Pet Co., Senior Notes		6.125	%		11/15/23		160,000			162,800
Kronos Acquisition Holdings Inc., Senior Notes		9.000	%		8/15/23		80,000			75,400	^(a)
Spectrum Brands Inc., Senior Notes		6.125	%		12/15/24		180,000			188,550	^(a)
Spectrum Brands Inc., Senior Notes		5.750	%		7/15/25		370,000			383,413	^(a)
Sun Products Corp., Senior Notes		7.750	%		3/15/21		1,060,000			953,337	^(a)

Total Household Products										1,763,500

Tobacco - 0.3%
Alliance One International Inc., Secured Notes		9.875	%		7/15/21		500,000			405,625

TOTAL CONSUMER STAPLES										6,118,023

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		November 30, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
ENERGY - 20.2%
Energy Equipment & Services - 0.8%
Atwood Oceanics Inc., Senior Notes		6.500	%		2/1/20		210,000	$	159,600	^(b)
CGG, Senior Notes		6.875	%		1/15/22		200,000		110,500
Gulfmark Offshore Inc., Senior Notes		6.375	%		3/15/22		130,000		78,650
Parker Drilling Co., Senior Notes		7.500	%		8/1/20		360,000		286,200
SESI LLC, Senior Notes		7.125	%		12/15/21		330,000		313,500	^(b)
Sierra Hamilton LLC/Sierra Hamilton Finance Inc., Senior Secured Notes		12.250	%		12/15/18		300,000		207,000	^(a)

Total Energy Equipment & Services									1,155,450

Oil, Gas & Consumable Fuels - 19.4%
Approach Resources Inc., Senior Notes		7.000	%		6/15/21		150,000		80,250
Arch Coal Inc., Senior Notes		7.250	%		6/15/21		420,000		9,975
Berry Petroleum Co., Senior Notes		6.750	%		11/1/20		170,000		71,400
Berry Petroleum Co., Senior Notes		6.375	%		9/15/22		80,000		32,400
California Resources Corp., Senior Notes		5.000	%		1/15/20		250,000		160,625
California Resources Corp., Senior Notes		5.500	%		9/15/21		1,090,000		659,450
Calumet Specialty Products Partners LP/Calumet Finance Corp., Senior Notes		7.625	%		1/15/22		200,000		190,000
Carrizo Oil & Gas Inc., Senior Notes		7.500	%		9/15/20		280,000		275,800
Chesapeake Energy Corp., Senior Notes		6.875	%		11/15/20		880,000		413,600
Chesapeake Energy Corp., Senior Notes		5.375	%		6/15/21		110,000		48,675
Comstock Resources Inc., Senior Notes		9.500	%		6/15/20		290,000		60,900	^(b)
Dolphin Energy Ltd., Senior Secured Bonds		5.888	%		6/15/19		372,963		395,808	^(b)(f)
Ecopetrol SA, Senior Notes		7.625	%		7/23/19		490,000		547,575	^(b)
Ecopetrol SA, Senior Notes		5.875	%		9/18/23		75,000		74,438	^(b)
Ecopetrol SA, Senior Notes		5.875	%		5/28/45		60,000		47,400	^(b)
Endeavor Energy Resources LP/EER Finance Inc., Senior Notes		8.125	%		9/15/23		130,000		129,675	^(a)
Energy Transfer Equity LP, Senior Notes		7.500	%		10/15/20		130,000		136,500
Enterprise Products Operating LLC, Junior Subordinated Notes		8.375	%		8/1/66		100,000		98,250	^(b)(g)
EP Energy LLC/Everest Acquisition Finance Inc., Senior Notes		9.375	%		5/1/20		300,000		256,500
EV Energy Partners LP/EV Energy Finance Corp., Senior Notes		8.000	%		4/15/19		120,000		78,600
Gazprom OAO Via Gaz Capital SA, Loan Participation Notes, Senior Notes		6.510	%		3/7/22		830,000		858,548	^(a)
Genesis Energy LP/Genesis Energy Finance Corp., Senior Notes		6.750	%		8/1/22		180,000		168,300
Globe Luxembourg SCA, Senior Secured Notes		9.625	%		5/1/18		1,360,000		1,130,500	^(a)
GNL Quintero SA, Senior Notes		4.634	%		7/31/29		288,000		279,984	^(a)(b)
Halcon Resources Corp., Secured Notes		8.625	%		2/1/20		270,000		213,637	^(a)
Halcon Resources Corp., Senior Notes		9.750	%		7/15/20		1,250,000		400,000
Halcon Resources Corp., Senior Notes		8.875	%		5/15/21		110,000		34,100
Hiland Partners LP/Hiland Partners Finance Corp., Senior Notes		7.250	%		10/1/20		130,000		134,062	^(a)(b)
Kinder Morgan Inc., Medium-Term Notes		7.800	%		8/1/31		130,000		126,819
Lonestar Resources America Inc., Senior Notes		8.750	%		4/15/19		120,000		78,600	^(a)
LUKOIL International Finance BV, Senior Notes		4.563	%		4/24/23		940,000		863,684	^(a)
Magnum Hunter Resources Corp., Senior Notes		9.750	%		5/15/20		1,000,000		397,500	*^(h)
MEG Energy Corp., Senior Notes		6.375	%		1/30/23		70,000		58,450	^(a)
MEG Energy Corp., Senior Notes		7.000	%		3/31/24		590,000		502,975	^(a)
Milagro Oil & Gas Inc., Secured Notes		10.500	%		5/15/16		380,000		119,700	*^(e)(h)
Murray Energy Corp., Senior Secured Notes		11.250	%		4/15/21		990,000		230,175	^(a)
Natural Resource Partners LP/Natural Resource Partners Finance Corp., Senior Notes		9.125	%		10/1/18		330,000		226,050
Oasis Petroleum Inc., Senior Notes		6.500	%		11/1/21		110,000		94,050
Oasis Petroleum Inc., Senior Notes		6.875	%		3/15/22		320,000		276,000
ONGC Videsh Ltd., Senior Notes		4.625	%		7/15/24		210,000		216,128	^(f)
Pacific Exploration and Production Corp., Senior Notes		5.375	%		1/26/19		1,200,000		390,000	^(f)
Pacific Exploration and Production Corp., Senior Notes		7.250	%		12/12/21		850,000		269,875	^(a)
Pan American Energy LLC, Senior Notes		7.875	%		5/7/21		120,000		120,300	^(a)(b)
Petrobras Global Finance BV, Senior Notes		3.250	%		3/17/17		460,000		431,250

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		November 30, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Oil, Gas & Consumable Fuels - (continued)
Petrobras Global Finance BV, Senior Notes		3.000	%		1/15/19		390,000	$	317,265
Petrobras Global Finance BV, Senior Notes		4.875	%		3/17/20		440,000		355,168
Petrobras Global Finance BV, Senior Notes		6.875	%		1/20/40		900,000		627,750
Petrobras Global Finance BV, Senior Notes		6.750	%		1/27/41		260,000		179,400
Petrobras Global Finance BV, Senior Notes		7.250	%		3/17/44		900,000		644,463
Petroleos de Venezuela SA, Senior Bonds		6.000	%		5/16/24		6,720,000		2,465,568	^(f)
Petroleos Mexicanos, Senior Notes		8.000	%		5/3/19		3,980,000		4,522,872
Petroleos Mexicanos, Senior Notes		6.500	%		6/2/41		750,000		711,225
Petroleos Mexicanos, Senior Notes		5.625	%		1/23/46		270,000		227,812	^(a)
Petroleum Co. of Trinidad & Tobago Ltd., Senior Notes		9.750	%		8/14/19		390,000		424,612	^(a)
Petronas Capital Ltd., Senior Notes		5.250	%		8/12/19		925,000		1,011,332	^(a)(b)
PT Pertamina Persero, Senior Notes		5.250	%		5/23/21		570,000		576,209	^(a)
PT Pertamina Persero, Senior Notes		4.300	%		5/20/23		380,000		352,700	^(a)
Puma International Financing SA, Senior Bonds		6.750	%		2/1/21		660,000		664,706	^(a)
Quicksilver Resources Inc., Senior Notes		11.000	%		7/1/21		310,000		19,375	*^(h)
Reliance Holdings USA Inc., Senior Notes		4.500	%		10/19/20		530,000		565,822	^(a)(b)
Rosneft Finance SA, Senior Notes		7.875	%		3/13/18		420,000		450,124	^(a)(b)
RSP Permian Inc., Senior Notes		6.625	%		10/1/22		580,000		579,275
Samson Investment Co., Senior Notes		9.750	%		2/15/20		310,000		1,550	*^(h)
Sanchez Energy Corp., Senior Notes		6.125	%		1/15/23		1,130,000		782,525
Shelf Drilling Holdings Ltd., Senior Secured Notes		8.625	%		11/1/18		210,000		157,762	^(a)(b)
Sinopec Group Overseas Development Ltd., Senior Notes		4.375	%		4/10/24		850,000		888,806	^(a)
Transportadora de Gas del Peru SA, Senior Notes		4.250	%		4/30/28		440,000		420,200	^(b)(f)
Whiting Canadian Holding Co. ULC, Senior Notes		8.125	%		12/1/19		320,000		334,082	^(b)
WPX Energy Inc., Senior Notes		8.250	%		8/1/23		170,000		159,375
YPF SA, Senior Notes		8.750	%		4/4/24		380,000		377,150	^(a)

Total Oil, Gas & Consumable Fuels									29,205,636

TOTAL ENERGY									30,361,086

FINANCIALS - 10.9%
Banks - 6.2%
Banco Bilbao Vizcaya Argentaria Colombia SA, Subordinated Notes		4.875	%		4/21/25		210,000		202,125	^(a)
Bank of America Corp., Junior Subordinated Notes		6.500	%		10/23/24		280,000		296,100	^(g)(i)
Barclays Bank PLC, Subordinated Notes		10.179	%		6/12/21		470,000		616,764	^(a)(b)
Barclays Bank PLC, Subordinated Notes		7.625	%		11/21/22		1,000,000		1,131,875	^(b)
Barclays PLC, Junior Subordinated Bonds		8.250	%		12/15/18		200,000		214,542	^(g)(i)
BBVA Banco Continental SA, Subordinated Notes		5.250	%		9/22/29		80,000		79,600	^(a)(b)(g)
BNP Paribas SA, Junior Subordinated Notes		7.375	%		8/19/25		200,000		205,750	^(a)(g)(i)
Citigroup Inc., Junior Subordinated Bonds		5.950	%		5/15/25		660,000		633,534	^(g)(i)
Credit Agricole SA, Junior Subordinated Notes		8.375	%		10/13/19		390,000		442,650	^(a)(b)(g)(i)
Credit Agricole SA, Junior Subordinated Notes		7.875	%		1/23/24		200,000		205,342	^(a)(g)(i)
Export-Import Bank of China, Senior Notes		2.850	%		9/16/20		380,000		381,631	^(a)
HSBC Holdings PLC, Junior Subordinated Bonds		6.375	%		9/17/24		360,000		356,418	^(g)(i)
HSBC Holdings PLC, Junior Subordinated Bonds		6.375	%		3/30/25		220,000		220,662	^(g)(i)
Industrial & Commercial Bank of China Ltd., Senior Notes		3.231	%		11/13/19		260,000		266,037	^(b)
Itau Unibanco Holding SA, Senior Notes		2.850	%		5/26/18		450,000		426,375	^(a)
JPMorgan Chase & Co., Junior Subordinated Bonds		6.000	%		8/1/23		140,000		140,871	^(b)(g)(i)
JPMorgan Chase & Co., Junior Subordinated Notes		6.100	%		10/1/24		270,000		274,522	^(b)(g)(i)
M&T Bank Corp., Junior Subordinated Bonds		6.875	%		6/15/16		330,000		330,825	^(b)(i)
Royal Bank of Scotland Group PLC, Junior Subordinated Bonds		7.648	%		9/30/31		200,000		250,000	^(g)(i)
Royal Bank of Scotland Group PLC, Subordinated Notes		6.100	%		6/10/23		370,000		403,198	^(b)

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		November 30, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Banks - (continued)
Royal Bank of Scotland Group PLC, Subordinated Notes		5.125	%		5/28/24		760,000		$	782,900	^(b)
Royal Bank of Scotland NV, Subordinated Bonds		7.750	%		5/15/23		150,000			173,293	^(b)
Royal Bank of Scotland PLC, Subordinated Notes		13.125	%		3/19/22		530,000	^AUD		425,289	^(b)(f)(g)
Santander Issuances SAU, Notes		5.911	%		6/20/16		200,000			204,195	^(a)(b)
Sberbank of Russia Via SB Capital SA, Subordinated Notes		5.500	%		2/26/24		400,000			367,400	^(f)(g)
Wells Fargo & Co., Junior Subordinated Bonds		5.875	%		6/15/25		210,000			221,550	^(g)(i)

Total Banks										9,253,448

Capital Markets - 0.4%
Goldman Sachs Group Inc., Subordinated Notes		6.750	%		10/1/37		300,000			360,702	^(b)
Goldman Sachs Group Inc., Subordinated Notes		5.150	%		5/22/45		270,000			269,401

Total Capital Markets										630,103

Consumer Finance - 0.5%
Ally Financial Inc., Senior Notes		8.000	%		3/15/20		129,000			150,117
Navient Corp., Medium-Term Notes, Senior Notes		8.450	%		6/15/18		250,000			263,000	^(b)
Navient Corp., Medium-Term Notes, Senior Notes		8.000	%		3/25/20		240,000			244,200
Navient Corp., Senior Notes		6.125	%		3/25/24		40,000			34,650
TMX Finance LLC/TitleMax Finance Corp., Senior Secured Notes		8.500	%		9/15/18		150,000			116,250	^(a)

Total Consumer Finance										808,217

Diversified Financial Services - 1.9%
Argos Merger Sub Inc., Senior Notes		7.125	%		3/15/23		530,000			535,300	^(a)
Banco Nacional de Comercio Exterior SNC, Senior Notes		4.375	%		10/14/25		540,000			536,598	^(a)
International Lease Finance Corp., Senior Notes		8.875	%		9/1/17		980,000			1,075,550	^(b)
International Lease Finance Corp., Senior Notes		8.250	%		12/15/20		90,000			107,325	^(b)
ZFS Finance USA Trust II, Bonds		6.450	%		12/15/65		500,000			508,750	^(a)(b)(g)

Total Diversified Financial Services										2,763,523

Insurance - 0.7%
Fidelity & Guaranty Life Holdings Inc., Senior Notes		6.375	%		4/1/21		190,000			198,550	^(a)
Galaxy Bidco Ltd., Senior Secured Notes		6.375	%		11/15/20		130,000	^GBP		204,604	^(f)
Genworth Holdings Inc., Senior Notes		4.900	%		8/15/23		200,000			150,000
Liberty Mutual Group Inc., Junior Subordinated Bonds		7.800	%		3/15/37		200,000			234,500	^(a)(b)
MetLife Capital Trust IV, Junior Subordinated Notes		7.875	%		12/15/37		250,000			312,500	^(a)(b)

Total Insurance										1,100,154

Real Estate Investment Trusts (REITs) - 0.1%
Communications Sales & Leasing Inc., Senior Secured Notes		6.000	%		4/15/23		180,000			170,550	^(a)

Real Estate Management & Development - 1.1%
Caesars Entertainment Resort Properties LLC, Secured Notes		11.000	%		10/1/21		210,000			193,725
Caesars Entertainment Resort Properties LLC, Senior Secured Notes		8.000	%		10/1/20		580,000			565,500
Greystar Real Estate Partners LLC, Senior Secured Notes		8.250	%		12/1/22		340,000			359,550	^(a)
Howard Hughes Corp., Senior Notes		6.875	%		10/1/21		460,000			472,650	^(a)

Total Real Estate Management & Development										1,591,425

TOTAL FINANCIALS										16,317,420

HEALTH CARE - 5.7%
Biotechnology - 0.1%
AMAG Pharmaceuticals Inc., Senior Notes		7.875	%		9/1/23		170,000			142,375	^(a)

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		November 30, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Health Care Equipment & Supplies - 1.2%
ConvaTec Finance International SA, Senior Notes		8.250	%		1/15/19		220,000		$	215,738	^(a)(c)
ConvaTec Healthcare E SA, Senior Notes		10.875	%		12/15/18		660,000	^EUR		721,067	^(a)(b)
DJO Finance LLC/DJO Finance Corp., Secured Notes		10.750	%		4/15/20		70,000			65,800	^(a)
DJO Finco Inc./DJO Finance LLC/DJO Finance Corp., Secured Notes		8.125	%		6/15/21		550,000			496,375	^(a)
Greatbatch Ltd., Senior Notes		9.125	%		11/1/23		320,000			320,800	^(a)

Total Health Care Equipment & Supplies										1,819,780

Health Care Providers & Services - 2.9%
BioScrip Inc., Senior Notes		8.875	%		2/15/21		160,000			127,800
CHS/Community Health Systems Inc., Senior Notes		8.000	%		11/15/19		540,000			549,450	^(b)
IASIS Healthcare LLC/IASIS Capital Corp., Senior Notes		8.375	%		5/15/19		550,000			519,750
Priory Group No. 3 PLC, Senior Subordinated Notes		8.875	%		2/15/19		380,000	^GBP		593,207	^(f)
Tenet Healthcare Corp., Senior Notes		8.125	%		4/1/22		1,140,000			1,142,138
Universal Hospital Services Inc., Secured Notes		7.625	%		8/15/20		1,450,000			1,363,000

Total Health Care Providers & Services										4,295,345

Pharmaceuticals - 1.5%
DPx Holdings BV, Senior Notes		7.500	%		2/1/22		200,000			202,750	^(a)
JLL/Delta Dutch Pledgeco BV, Senior Notes		8.750	%		5/1/20		560,000			560,700	^(a)(c)
Mallinckrodt International Finance SA, Senior Notes		5.750	%		8/1/22		390,000			347,100	^(a)
Valeant Pharmaceuticals International, Senior Notes		6.375	%		10/15/20		200,000			184,250	^(a)
Valeant Pharmaceuticals International, Senior Notes		7.250	%		7/15/22		450,000			409,500	^(a)
Valeant Pharmaceuticals International Inc., Senior Notes		5.375	%		3/15/20		150,000			135,000	^(a)
Valeant Pharmaceuticals International Inc., Senior Notes		7.500	%		7/15/21		520,000			494,041	^(a)

Total Pharmaceuticals										2,333,341

TOTAL HEALTH CARE										8,590,841

INDUSTRIALS - 10.4%
Aerospace & Defense - 0.5%
Aerojet Rocketdyne Holdings Inc., Secured Notes		7.125	%		3/15/21		170,000			177,863
Bombardier Inc., Senior Notes		7.500	%		3/15/18		130,000			130,000	^(a)
Bombardier Inc., Senior Notes		4.750	%		4/15/19		30,000			26,250	^(a)
CBC Ammo LLC/CBC FinCo Inc., Senior Notes		7.250	%		11/15/21		490,000			431,200	^(a)(b)

Total Aerospace & Defense										765,313

Air Freight & Logistics - 0.5%
Air Medical Merger Sub Corp., Senior Notes		6.375	%		5/15/23		210,000			189,263	^(a)
XPO Logistics Inc., Senior Notes		7.875	%		9/1/19		400,000			407,000	^(a)
XPO Logistics Inc., Senior Notes		6.500	%		6/15/22		230,000			212,462	^(a)

Total Air Freight & Logistics										808,725

Airlines - 0.8%
Air Canada, Pass-Through Trust, Secured Notes		6.625	%		5/15/18		130,000			132,925	^(a)
American Airlines, Pass-Through Trust, Secured Notes		7.000	%		1/31/18		120,831			127,627	^(a)
Continental Airlines Inc., Pass-Through Certificates, Secured Bonds		7.373	%		12/15/15		21,939			21,938
Continental Airlines Inc., Pass-Through Certificates, Secured Notes		9.250	%		5/10/17		1,871			2,004
Continental Airlines Inc., Pass-Through Certificates, Secured Notes		5.500	%		10/29/20		171,308			176,661	^(b)
Delta Air Lines Inc., Pass-Through Certificates, Subordinated Secured Notes		9.750	%		12/17/16		74,769			79,723	^(b)
Heathrow Finance PLC, Senior Secured Notes		7.125	%		3/1/17		400,000	^GBP		639,547	^(b)(f)

Total Airlines										1,180,425

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		November 30, 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		$	286,750	^(a)
GTL Trade Finance Inc., Senior Notes		7.250	%		4/16/44		250,000			186,250	^(a)(b)

Total Building Products										473,000

Commercial Services & Supplies - 1.4%
Garda World Security Corp., Senior Notes		7.250	%		11/15/21		170,000			152,150	^(a)
Monitronics International Inc., Senior Notes		9.125	%		4/1/20		710,000			536,050
United Rentals North America Inc., Senior Notes		8.250	%		2/1/21		83,000			87,461	^(b)
United Rentals North America Inc., Senior Notes		7.625	%		4/15/22		418,000			451,440	^(b)
United Rentals North America Inc., Senior Notes		5.750	%		11/15/24		200,000			203,124
West Corp., Senior Notes		5.375	%		7/15/22		730,000			665,213	^(a)

Total Commercial Services & Supplies										2,095,438

Construction & Engineering - 1.8%
Astaldi SpA, Senior Notes		7.125	%		12/1/20		260,000	^EUR		279,870	^(a)
Astaldi SpA, Senior Notes		7.125	%		12/1/20		100,000	^EUR		107,642	^(f)
Ausdrill Finance Pty Ltd., Senior Notes		6.875	%		11/1/19		400,000			292,000	^(a)(b)
Brundage-Bone Concrete Pumping Inc., Senior Secured Notes		10.375	%		9/1/21		270,000			275,400	^(a)
Empresas ICA SAB de CV, Senior Notes		8.900	%		2/4/21		616,000			160,160	^(f)
Michael Baker Holdings LLC/Michael Baker Finance Corp., Senior Notes		9.625	%		4/15/19		356,362			267,272	^(a)(c)
Michael Baker International LLC/CDL Acquisition Co. Inc., Senior Secured Notes		8.250	%		10/15/18		400,000			367,000	^(a)(b)
Modular Space Corp., Secured Notes		10.250	%		1/31/19		330,000			160,050	^(a)
Odebrecht Finance Ltd., Senior Notes		5.250	%		6/27/29		1,182,000			685,560	^(a)(b)
Odebrecht Offshore Drilling Finance Ltd., Senior Secured Notes		6.625	%		10/1/22		186,840			57,920	^(a)(b)

Total Construction & Engineering										2,652,874

Electrical Equipment - 0.4%
International Wire Group Holdings Inc., Senior Secured Notes		8.500	%		10/15/17		230,000			239,775	^(a)
NES Rentals Holdings Inc., Senior Secured Notes		7.875	%		5/1/18		200,000			194,000	^(a)
Trionista TopCo GmbH, Senior Subordinated Notes		6.875	%		4/30/21		100,000	^EUR		112,902	^(a)

Total Electrical Equipment										546,677

Industrial Conglomerates - 0.4%
Alfa SAB de CV, Senior Notes		6.875	%		3/25/44		200,000			195,000	^(a)(b)
Sinochem Overseas Capital Co., Ltd., Senior Notes		4.500	%		11/12/20		370,000			390,687	^(a)(b)

Total Industrial Conglomerates										585,687

Machinery - 1.7%
CTP Transportation Products LLC/CTP Finance Inc., Senior Secured Notes		8.250	%		12/15/19		130,000			137,800	^(a)
DH Services Luxembourg Sarl, Senior Notes		7.750	%		12/15/20		620,000			643,250	^(a)
Global Brass and Copper Inc., Senior Secured Notes		9.500	%		6/1/19		280,000			299,600
KION Finance SA, Senior Secured Notes		6.750	%		2/15/20		729,000	^EUR		805,031	^(a)
KraussMaffei Group GmbH, Senior Secured Notes		8.750	%		12/15/20		136,000	^EUR		154,109	^(a)
KraussMaffei Group GmbH, Senior Secured Notes		8.750	%		12/15/20		120,000	^EUR		135,978	^(f)
SIG Combibloc Holdings SCA, Senior Bonds		7.750	%		2/15/23		190,000	^EUR		213,638	^(a)
SPL Logistics Escrow LLC/SPL Logistics Finance Corp., Senior Secured Notes		8.875	%		8/1/20		200,000			208,000	^(a)(b)

Total Machinery										2,597,406

Marine - 0.4%
Navios Maritime Acquisition Corp./Navios Acquisition Finance U.S. Inc., Senior Secured Notes		8.125	%		11/15/21		460,000			431,825	^(a)
Ultrapetrol Bahamas Ltd., Senior Secured Notes		8.875	%		6/15/21		240,000			132,000

Total Marine										563,825

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		November 30, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Road & Rail - 0.8%
Flexi-Van Leasing Inc., Senior Notes		7.875	%		8/15/18		270,000		$	275,400	^(a)(b)
Florida East Coast Holdings Corp., Senior Notes		9.750	%		5/1/20		60,000			52,500	^(a)
Florida East Coast Holdings Corp., Senior Secured Notes		6.750	%		5/1/19		570,000			560,025	^(a)
Jack Cooper Holdings Corp., Senior Secured Notes		10.250	%		6/1/20		440,000			389,400	^(a)

Total Road & Rail										1,277,325

Trading Companies & Distributors - 0.3%
H&E Equipment Services Inc., Senior Notes		7.000	%		9/1/22		410,000			413,075	^(b)

Transportation - 0.6%
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			443,250	^(a)(c)

Total Transportation										869,650

Transportation Infrastructure - 0.5%
Mersin Uluslararasi Liman Isletmeciligi AS, Notes		5.875	%		8/12/20		260,000			270,251	^(a)(b)
PT Pelabuhan Indonesia II, Senior Bonds		4.250	%		5/5/25		490,000			443,450	^(a)

Total Transportation Infrastructure										713,701

TOTAL INDUSTRIALS										15,543,121

INFORMATION TECHNOLOGY - 2.6%
Communications Equipment - 0.1%
QUALCOMM Inc., Senior Subordinated Notes		4.800	%		5/20/45		180,000			149,921

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			288,188

Internet Software & Services - 0.3%
Ancestry.com Holdings LLC, Senior Notes		9.625	%		10/15/18		130,000			130,813	^(a)(c)
Ancestry.com Inc., Senior Notes		11.000	%		12/15/20		250,000			272,500

Total Internet Software & Services										403,313

IT Services - 1.7%
Compiler Finance Subordinated Inc., Senior Notes		7.000	%		5/1/21		400,000			202,000	^(a)
First Data Corp., Secured Notes		8.250	%		1/15/21		160,000			167,400	^(a)
First Data Corp., Secured Notes		5.750	%		1/15/24		290,000			290,725	^(a)
First Data Corp., Senior Notes		7.000	%		12/1/23		30,000			30,337	^(a)
First Data Corp., Senior Secured Notes		5.000	%		1/15/24		1,910,000			1,914,775	^(a)

Total IT Services										2,605,237

Software - 0.3%
Oberthur Technologies Holding SAS, Senior Secured Notes		9.250	%		4/30/20		400,000	^EUR		461,226	^(a)

TOTAL INFORMATION TECHNOLOGY										3,907,885

MATERIALS - 12.0%
Chemicals - 1.5%
Alpek SAB de CV, Senior Notes		4.500	%		11/20/22		235,000			230,006	^(a)(b)
Eco Services Operations LLC/Eco Finance Corp., Senior Notes		8.500	%		11/1/22		100,000			85,000	^(a)
Hexion Inc., Senior Secured Notes		8.875	%		2/1/18		250,000			165,625
HIG BBC Intermediate Holdings LLC/HIG BBC Holdings Corp., Senior Notes		10.500	%		9/15/18		160,000			152,400	^(a)(c)
Kerling PLC, Senior Secured Notes		10.625	%		2/1/17		118,000	^EUR		126,645	^(a)(b)
Mexichem SAB de CV, Senior Notes		4.875	%		9/19/22		260,000			264,550	^(a)(b)
OCP SA, Senior Notes		5.625	%		4/25/24		450,000			458,437	^(a)(b)
OCP SA, Senior Notes		4.500	%		10/22/25		430,000			403,663	^(a)
Rain CII Carbon LLC/CII Carbon Corp., Senior Secured Notes		8.000	%		12/1/18		420,000			344,400	^(a)

Total Chemicals										2,230,726

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		November 30, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Construction Materials - 1.7%
Cementos Pacasmayo SAA, Senior Notes		4.500	%		2/8/23		220,000		$	211,200	^(a)(b)
Cementos Pacasmayo SAA, Senior Notes		4.500	%		2/8/23		100,000			96,000	^(b)(f)
Cemex Finance LLC, Senior Secured Notes		9.375	%		10/12/22		560,000			602,700	^(a)(b)
Cemex Finance LLC, Senior Secured Notes		9.375	%		10/12/22		400,000			430,500	^(b)(f)
Cemex SAB de CV, Senior Secured Notes		6.125	%		5/5/25		750,000			689,775	^(a)
Cimpor Financial Operations BV, Senior Notes		5.750	%		7/17/24		350,000			235,708	^(a)
Hardwoods Acquisition Inc., Senior Secured Notes		7.500	%		8/1/21		270,000			237,600	^(a)
NWH Escrow Corp., Senior Secured Notes		7.500	%		8/1/21		100,000			85,500	^(a)

Total Construction Materials										2,588,983

Containers & Packaging - 2.2%
Ardagh Finance Holdings SA, Senior Notes		8.625	%		6/15/19		283,103			296,550	^(a)(c)
Ardagh Packaging Finance PLC, Senior Notes		9.250	%		10/15/20		1,000,000	^EUR		1,114,660	^(a)(b)
BWAY Holding Co., Senior Notes		9.125	%		8/15/21		460,000			435,850	^(a)
Coveris Holdings SA, Senior Notes		7.875	%		11/1/19		400,000			372,000	^(a)
Pactiv LLC, Senior Bonds		8.375	%		4/15/27		360,000			347,400
Pactiv LLC, Senior Notes		7.950	%		12/15/25		330,000			315,150
PaperWorks Industries Inc., Senior Secured Notes		9.500	%		8/15/19		220,000			216,700	^(a)
Suzano Trading Ltd., Senior Notes		5.875	%		1/23/21		240,000			241,800	^(a)(b)

Total Containers & Packaging										3,340,110

Metals & Mining - 5.6%
ArcelorMittal, Senior Notes		8.000	%		10/15/39		270,000			205,235
Barminco Finance Pty Ltd., Senior Notes		9.000	%		6/1/18		240,000			196,200	^(a)
Coeur Mining Inc., Senior Notes		7.875	%		2/1/21		620,000			357,275	^(b)
Corporacion Nacional del Cobre de Chile, Senior Notes		3.750	%		11/4/20		250,000			249,157	^(a)(b)
Corporacion Nacional del Cobre de Chile, Senior Notes		3.875	%		11/3/21		490,000			483,120	^(a)(b)
Corporacion Nacional del Cobre de Chile, Senior Notes		3.000	%		7/17/22		300,000			275,243	^(b)(f)
Corporacion Nacional del Cobre de Chile, Senior Notes		3.000	%		7/17/22		200,000			183,495	^(a)(b)
Evraz Group SA, Senior Notes		9.500	%		4/24/18		540,000			577,611	^(b)(f)
Evraz Group SA, Senior Notes		6.750	%		4/27/18		360,000			363,150	^(a)(b)
FMG Resources (August 2006) Pty Ltd., Senior Secured Notes		9.750	%		3/1/22		580,000			561,150	^(a)
Gerdau Trade Inc., Senior Notes		4.750	%		4/15/23		270,000			214,569	^(a)(b)
Joseph T. Ryerson & Son Inc., Senior Secured Notes		9.000	%		10/15/17		200,000			168,976
Midwest Vanadium Pty Ltd., Senior Secured Notes		11.500	%		2/15/18		330,000			14,850	*^(a)(e)(h)
Mirabela Nickel Ltd., Subordinated Notes		1.000	%		9/10/44		4,091			0	^{(a)(c)(d)(e)(j)}
Prince Mineral Holding Corp., Senior Secured Notes		11.500	%		12/15/19		30,000			23,250	^(a)(b)
Rio Tinto Finance USA Ltd., Senior Notes		9.000	%		5/1/19		260,000			312,163	^(b)
Schaeffler Holding Finance BV, Senior Secured Bonds		6.875	%		8/15/18		200,000			207,250	^(a)(c)
Schaeffler Holding Finance BV, Senior Secured Notes		6.875	%		8/15/18		290,000	^EUR		318,824	^(a)(c)
Schaeffler Holding Finance BV, Senior Secured Notes		6.750	%		11/15/22		380,000			413,250	^(a)(c)
Severstal OAO Via Steel Capital SA, Senior Notes		4.450	%		3/19/18		300,000			301,094	^(a)(b)
Southern Copper Corp., Senior Notes		3.875	%		4/23/25		240,000			218,306
Southern Copper Corp., Senior Notes		6.750	%		4/16/40		730,000			654,724	^(b)
Southern Copper Corp., Senior Notes		5.250	%		11/8/42		180,000			135,088	^(b)
Steel Dynamics Inc., Senior Notes		6.125	%		8/15/19		150,000			156,000	^(b)
Thompson Creek Metals Co. Inc., Senior Notes		12.500	%		5/1/19		230,000			61,525
Vale Overseas Ltd., Senior Notes		6.875	%		11/21/36		2,277,000			1,692,289	^(k)
Vedanta Resources PLC, Senior Notes		9.500	%		7/18/18		100,000			91,000	^(b)(f)

Total Metals & Mining										8,434,794

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		November 30, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Paper & Forest Products - 1.0%
Appvion Inc., Secured Notes		9.000	%		6/1/20		630,000		$	223,650	^(a)
Celulosa Arauco y Constitucion SA, Senior Notes		7.250	%		7/29/19		62,000			70,232	^(b)
Celulosa Arauco y Constitucion SA, Senior Notes		4.750	%		1/11/22		160,000			163,244	^(b)
Fibria Overseas Finance Ltd., Senior Notes		5.250	%		5/12/24		200,000			198,000	^(b)
Inversiones CMPC SA, Notes		4.375	%		5/15/23		200,000			191,825	^(a)(b)
Inversiones CMPC SA, Senior Notes		4.750	%		1/19/18		250,000			256,497	^(a)(b)
Inversiones CMPC SA, Senior Notes		4.500	%		4/25/22		190,000			185,474	^(a)(b)
Resolute Forest Products Inc., Senior Notes		5.875	%		5/15/23		230,000			169,625

Total Paper & Forest Products										1,458,547

TOTAL MATERIALS										18,053,160

TELECOMMUNICATION SERVICES - 10.8%
Diversified Telecommunication Services - 6.1%
Axtel SAB de CV, Senior Secured Notes		9.000	%		1/31/20		804,000			834,150	^(a)
Bharti Airtel International Netherlands BV, Senior Bonds		5.350	%		5/20/24		280,000			296,636	^(a)(b)
Bharti Airtel Ltd., Senior Notes		4.375	%		6/10/25		350,000			345,989	^(a)
CenturyLink Inc., Senior Notes		6.750	%		12/1/23		250,000			238,288	^(b)
Cincinnati Bell Telephone Co., LLC, Senior Debentures		6.300	%		12/1/28		50,000			45,750	^(b)
Empresa Nacional de Telecomunicaciones SA, Senior Notes		4.875	%		10/30/24		200,000			197,698	^(a)(b)
Frontier Communications Corp., Senior Notes		10.500	%		9/15/22		230,000			228,563	^(a)
Frontier Communications Corp., Senior Notes		11.000	%		9/15/25		350,000			343,875	^(a)
Intelsat Jackson Holdings SA, Senior Notes		7.250	%		10/15/20		1,410,000			1,184,400	^(b)
Intelsat Jackson Holdings SA, Senior Notes		7.500	%		4/1/21		470,000			392,450
Intelsat Luxembourg SA, Senior Bonds		7.750	%		6/1/21		290,000			114,550
Level 3 Financing Inc., Senior Notes		8.625	%		7/15/20		600,000			632,250	^(b)
Level 3 Financing Inc., Senior Notes		6.125	%		1/15/21		90,000			94,546
Oi Brasil Holdings Cooperatief U.A., Senior Notes		5.750	%		2/10/22		1,000,000			552,500	^(a)
Ooredoo International Finance Ltd., Senior Notes		4.750	%		2/16/21		220,000			241,642	^(a)(b)
Telecom Italia Capital SA, Senior Notes		7.200	%		7/18/36		780,000			807,300
Turk Telekomunikasyon AS, Senior Bonds		3.750	%		6/19/19		330,000			326,700	^(a)(b)
Turk Telekomunikasyon AS, Senior Notes		4.875	%		6/19/24		220,000			210,837	^(a)(b)
Verizon Communications Inc., Senior Notes		5.150	%		9/15/23		390,000			436,664	^(b)
Windstream Services LLC, Senior Notes		7.750	%		10/1/21		1,970,000			1,580,925
Windstream Services LLC, Senior Notes		6.375	%		8/1/23		50,000			37,313

Total Diversified Telecommunication Services										9,143,026

Wireless Telecommunication Services - 4.7%
Altice Financing SA, Senior Secured Notes		5.250	%		2/15/23		100,000	^EUR		108,238	^(a)
Altice Financing SA, Senior Secured Notes		6.625	%		2/15/23		610,000			606,566	^(a)
America Movil SAB de CV, Senior Notes		5.625	%		11/15/17		340,000			365,367	^(b)
Neptune Finco Corp., Senior Notes		6.625	%		10/15/25		400,000			415,500	^(a)
Neptune Finco Corp., Senior Notes		10.875	%		10/15/25		470,000			498,200	^(a)
Sprint Capital Corp., Senior Notes		8.750	%		3/15/32		3,265,000			2,558,944	^(b)
Sprint Communications Inc., Senior Notes		9.000	%		11/15/18		630,000			681,975	^(a)(b)
Sprint Corp., Senior Notes		7.875	%		9/15/23		440,000			355,300
T-Mobile USA Inc., Senior Notes		6.542	%		4/28/20		120,000			124,200
T-Mobile USA Inc., Senior Notes		6.633	%		4/28/21		20,000			20,725
T-Mobile USA Inc., Senior Notes		6.500	%		1/15/26		490,000			490,613
VimpelCom Holdings BV, Senior Notes		7.504	%		3/1/22		590,000			608,007	^(f)
VimpelCom Holdings BV, Senior Notes		7.504	%		3/1/22		200,000			206,104	^(a)(b)

Total Wireless Telecommunication Services										7,039,739

TOTAL TELECOMMUNICATION SERVICES										16,182,765

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		November 30, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
UTILITIES - 3.9%
Electric Utilities - 1.7%
Comision Federal de Electricidad, Senior Notes		4.875	%		1/15/24		200,000		$	202,250	^(a)(b)
Comision Federal de Electricidad, Senior Notes		6.125	%		6/16/45		250,000			238,438	^(a)
FirstEnergy Corp., Notes		7.375	%		11/15/31		330,000			398,827	^(b)
Majapahit Holding BV, Senior Notes		7.750	%		1/20/20		280,000			315,700	^(b)(f)
Midwest Generation LLC, Pass-Through Certificates, Secured Bonds		8.560	%		1/2/16		24,494			24,402
NRG REMA LLC, Pass-Through Certificates, Senior Secured Bonds		9.237	%		7/2/17		40,816			42,780
NRG REMA LLC, Pass-Through Certificates, Senior Secured Bonds		9.681	%		7/2/26		450,000			459,563	^(b)
Red Oak Power LLC, Secured Notes		9.200	%		11/30/29		660,000			714,450
State Grid Overseas Investment 2013 Ltd., Senior Bonds		3.125	%		5/22/23		200,000			197,282	^(a)(b)

Total Electric Utilities										2,593,692

Gas Utilities - 0.5%
Gas Natural de Lima y Callao SA, Senior Notes		4.375	%		4/1/23		200,000			197,250	^(a)(b)
Southern Natural Gas Co., LLC, Senior Notes		8.000	%		3/1/32		70,000			73,801	^(b)
Transportadora de Gas Internacional SA ESP, Senior Notes		5.700	%		3/20/22		470,000			484,100	^(a)(b)

Total Gas Utilities										755,151

Independent Power and Renewable Electricity Producers - 1.7%
AES Gener SA, Notes		5.250	%		8/15/21		250,000			260,660	^(a)(b)
Calpine Corp., Senior Secured Notes		7.875	%		1/15/23		312,000			332,670	^(a)(b)
Korea East-West Power Co., Ltd., Senior Notes		2.500	%		6/2/20		400,000			400,484	^(a)
Mirant Mid Atlantic LLC, Pass-Through Certificates, Secured Bonds		10.060	%		12/30/28		1,071,724			1,105,215	^(b)
Three Gorges Finance Ltd., Senior Notes		3.700	%		6/10/25		440,000			446,967	^(a)

Total Independent Power and Renewable Electricity Producers										2,545,996

TOTAL UTILITIES										5,894,839

TOTAL CORPORATE BONDS & NOTES (Cost - $147,610,085)										138,587,611

COLLATERALIZED MORTGAGE OBLIGATIONS - 0.6%
Commercial Mortgage Trust, 2015-LC21 E		3.250	%		7/10/48		500,000			318,193	^(a)
JPMBB Commercial Mortgage Securities Trust, 2015-C31 E		4.273	%		8/15/48		400,000			281,182	^(a)(g)
Wells Fargo Commercial Mortgage Trust, 2015-C28 E		3.000	%		5/15/48		400,000			248,814	^(a)

TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost - $849,325)										848,189

CONVERTIBLE BONDS & NOTES - 0.3%
MATERIALS - 0.2%
Chemicals - 0.1%
Hercules Inc., Junior Subordinated Bonds		6.500	%		6/30/29		90,000			80,944

Metals & Mining - 0.1%
Mirabela Nickel Ltd., Senior Secured Bonds		9.500	%		6/24/19		320,399			176,219	^(a)(c)(d)(e)

TOTAL MATERIALS										257,163

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		193,662	^(a)

TOTAL CONVERTIBLE BONDS & NOTES (Cost - $588,276)										450,825

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		November 30, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
SENIOR LOANS - 1.9%
CONSUMER DISCRETIONARY - 0.4%
Hotels, Restaurants & Leisure - 0.2%
Equinox Holdings Inc., Second Lien Term Loan		9.750	%		7/31/20		300,000		$	304,250	^(l)(m)

Specialty Retail - 0.1%
Spencer Gifts LLC, Second Lien Term Loan		9.250	%		11/12/21		230,000			231,725	^(l)(m)

Textiles, Apparel & Luxury Goods - 0.1%
TOMS Shoes LLC, Term Loan B		6.500	%		10/28/20		179,100			131,042	^(l)(m)

TOTAL CONSUMER DISCRETIONARY										667,017

CONSUMER STAPLES - 0.1%
Food Products - 0.1%
AdvancePierre Foods Inc., Second Lien Term Loan		9.500	%		10/10/17		130,000			129,025	^(l)(m)

ENERGY - 0.5%
Energy Equipment & Services - 0.4%
Hercules Offshore LLC, Exit Term Loan		10.500	%		5/6/20		690,000			586,500	^(l)(m)

Oil, Gas & Consumable Fuels - 0.1%
Magnum Hunter Resources Inc., Incremental Second Lien Term Loan		4.200	%		12/31/15		90,000			90,000	^(l)(m)(n)
Westmoreland Coal Co., Term Loan B		7.500	%		12/16/20		177,502			119,370	^(l)(m)

Total Oil, Gas & Consumable Fuels										209,370

TOTAL ENERGY										795,870

HEALTH CARE - 0.3%
Health Care Equipment & Supplies - 0.1%
Lantheus Medical Imaging Inc., Term Loan		7.000	%		6/30/22		219,450			202,991	^(l)(m)

Health Care Providers & Services - 0.2%
Radnet Management Inc., Second Lien Term Loan		8.000	%		3/25/21		290,000			281,300	^(l)(m)

TOTAL HEALTH CARE										484,291

INDUSTRIALS - 0.2%
Commercial Services & Supplies - 0.2%
Kronos Inc., Second Lien Term Loan		9.750	%		4/30/20		229,820			232,980	^(l)(m)

MATERIALS - 0.2%
Chemicals - 0.2%
Kerling PLC, EUR Term Loan		10.000	%		6/30/16		300,000	^EUR		318,550	^(l)(m)

UTILITIES - 0.2%
Electric Utilities - 0.2%
Panda Temple Power LLC, 2015 Term Loan B		7.250	%		3/4/22		258,700			236,064	^(l)(m)

TOTAL SENIOR LOANS (Cost - $3,161,453)										2,863,797

SOVEREIGN BONDS - 30.1%
Argentina - 1.2%
Republic of Argentina, Senior Bonds		7.000	%		4/17/17		1,900,000			1,866,634

Armenia - 0.2%
Republic of Armenia, Senior Notes		6.000	%		9/30/20		360,000			355,246	^(f)

Brazil - 0.7%
Federative Republic of Brazil, Senior Notes		8.000	%		1/15/18		1,007,778			1,060,686	^(k)

Chile - 0.3%
Republic of Chile, Senior Notes		3.875	%		8/5/20		412,000			440,840	^(b)

Colombia - 2.0%
Republic of Colombia, Senior Bonds		7.375	%		9/18/37		2,150,000			2,477,875	^(k)
Republic of Colombia, Senior Bonds		6.125	%		1/18/41		180,000			183,600
Republic of Colombia, Senior Notes		7.375	%		3/18/19		255,000			289,042

Total Colombia										2,950,517

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		November 30, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Costa Rica - 0.3%
Republic of Costa Rica, Notes		7.000	%		4/4/44		590,000	$	516,988	^(a)

Croatia - 0.5%
Republic of Croatia, Senior Notes		6.625	%		7/14/20		260,000		282,977	^(a)
Republic of Croatia, Senior Notes		5.500	%		4/4/23		210,000		217,030	^(f)
Republic of Croatia, Senior Notes		5.500	%		4/4/23		200,000		206,696	^(a)

Total Croatia									706,703

Dominican Republic - 1.4%
Dominican Republic, Senior Notes		5.500	%		1/27/25		970,000		955,450	^(a)
Dominican Republic, Senior Notes		6.850	%		1/27/45		1,140,000		1,124,325	^(a)

Total Dominican Republic									2,079,775

Ecuador - 0.5%
Republic of Ecuador, Senior Bonds		10.500	%		3/24/20		940,000		794,300	^(a)

Egypt - 0.2%
Arab Republic of Egypt, Senior Notes		5.875	%		6/11/25		330,000		284,295	^(a)

El Salvador - 0.1%
Republic of El Salvador, Notes		6.375	%		1/18/27		190,000		167,913	^(a)

Gabon - 0.3%
Gabonese Republic, Bonds		6.375	%		12/12/24		250,000		214,454	^(a)
Gabonese Republic, Senior Bonds		6.950	%		6/16/25		200,000		173,000	^(a)

Total Gabon									387,454

Ghana - 0.2%
Republic of Ghana, Bonds		10.750	%		10/14/30		290,000		306,313	^(a)

Honduras - 0.3%
Republic of Honduras, Senior Notes		7.500	%		3/15/24		400,000		426,630	^(f)

Hungary - 1.4%
Republic of Hungary, Senior Notes		5.750	%		11/22/23		1,528,000		1,724,730
Republic of Hungary, Senior Notes		5.375	%		3/25/24		300,000		331,125

Total Hungary									2,055,855

Indonesia - 3.0%
Republic of Indonesia, Senior Bonds		6.875	%		1/17/18		100,000		109,446	^(f)
Republic of Indonesia, Senior Bonds		6.625	%		2/17/37		1,735,000		1,850,377	^(f)
Republic of Indonesia, Senior Notes		5.875	%		1/15/24		1,727,000		1,873,206	^(a)
Republic of Indonesia, Senior Notes		5.250	%		1/17/42		680,000		632,876	^(a)

Total Indonesia									4,465,905

Ivory Coast - 0.7%
Republic of Cote D’Ivoire, Senior Bonds		5.750	%		12/31/32		950,000		859,322	^(f)
Republic of Cote D’Ivoire, Senior Notes		6.375	%		3/3/28		240,000		224,141	^(a)

Total Ivory Coast									1,083,463

Jamaica - 0.4%
Government of Jamaica, Senior Notes		7.625	%		7/9/25		250,000		273,750
Government of Jamaica, Senior Notes		6.750	%		4/28/28		320,000		324,000

Total Jamaica									597,750

Jordan - 0.2%
Kingdom of Jordan, Senior Notes		6.125	%		1/29/26		250,000		254,531	^(a)

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		November 30, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Kenya - 0.2%
Republic of Kenya, Senior Notes		6.875	%		6/24/24		400,000		$	366,500	^(a)

Lithuania - 0.7%
Republic of Lithuania, Senior Notes		6.125	%		3/9/21		860,000			997,824	^(a)

Mexico - 2.4%
United Mexican States, Senior Bonds		8.000	%		6/11/20		14,918,500	^MXN		1,003,829	^(b)
United Mexican States, Senior Bonds		6.500	%		6/9/22		1,780,200	^MXN		111,559
United Mexican States, Senior Bonds		10.000	%		12/5/24		4,800,000	^MXN		368,030
United Mexican States, Senior Notes		5.125	%		1/15/20		220,000			241,450	^(b)
United Mexican States, Senior Notes		3.625	%		3/15/22		520,000			526,500	^(b)
United Mexican States, Senior Notes		4.000	%		10/2/23		160,000			163,600
United Mexican States, Senior Notes		4.750	%		3/8/44		1,230,000			1,159,275	^(b)

Total Mexico										3,574,243

Namibia - 0.2%
Republic of Namibia, Senior Notes		5.250	%		10/29/25		260,000			253,687	^(a)

Pakistan - 0.2%
Republic of Pakistan, Senior Bonds		7.250	%		4/15/19		330,000			339,075	^(a)

Panama - 0.4%
Republic of Panama, Senior Bonds		6.700	%		1/26/36		459,000			558,833

Paraguay - 0.2%
Republic of Paraguay, Senior Notes		6.100	%		8/11/44		360,000			353,700	^(a)

Peru - 2.0%
Republic of Peru, Senior Bonds		7.350	%		7/21/25		1,200,000			1,531,800	^(k)
Republic of Peru, Senior Bonds		8.750	%		11/21/33		690,000			991,875
Republic of Peru, Senior Bonds		6.550	%		3/14/37		321,000			381,990
Republic of Peru, Senior Bonds		5.625	%		11/18/50		79,000			83,542

Total Peru										2,989,207

Philippines - 0.9%
Republic of Philippines, Senior Bonds		5.500	%		3/30/26		660,000			785,978
Republic of Philippines, Senior Bonds		3.950	%		1/20/40		600,000			611,877

Total Philippines										1,397,855

Poland - 1.6%
Republic of Poland, Senior Notes		6.375	%		7/15/19		400,000			461,000
Republic of Poland, Senior Notes		5.125	%		4/21/21		500,000			560,300
Republic of Poland, Senior Notes		5.000	%		3/23/22		1,270,000			1,417,161	^(k)

Total Poland										2,438,461

Russia - 2.9%
Russian Foreign Bond - Eurobond, Senior Bonds		4.875	%		9/16/23		400,000			417,860	^(a)(b)
Russian Foreign Bond - Eurobond, Senior Bonds		12.750	%		6/24/28		42,000			68,602	^(b)(f)
Russian Foreign Bond - Eurobond, Senior Bonds		7.500	%		3/31/30		2,348,763			2,793,266	^(f)(k)
Russian Foreign Bond - Eurobond, Senior Bonds		5.875	%		9/16/43		1,000,000			1,025,110	^(a)

Total Russia										4,304,838

Senegal - 0.1%
Republic of Senegal, Bonds		6.250	%		7/30/24		200,000			185,750	^(f)

South Africa - 0.2%
Republic of South Africa, Senior Notes		5.875	%		9/16/25		260,000			281,359

Tunisia - 0.1%
Banque Centrale de Tunisie SA, Senior Bonds		5.750	%		1/30/25		200,000			178,000	^(a)

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		November 30, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Turkey - 3.3%
Republic of Turkey, Senior Bonds		5.750	%		3/22/24		260,000	$	277,368
Republic of Turkey, Senior Bonds		4.250	%		4/14/26		520,000		494,104
Republic of Turkey, Senior Bonds		11.875	%		1/15/30		575,000		945,156
Republic of Turkey, Senior Notes		6.875	%		3/17/36		2,846,000		3,202,089	^(k)
Republic of Turkey, Senior Notes		6.750	%		5/30/40		25,000		27,896

Total Turkey									4,946,613

Uruguay - 0.5%
Republic of Uruguay, Senior Bonds		5.100	%		6/18/50		200,000		178,500
Republic of Uruguay, Senior Notes		4.500	%		8/14/24		214,840		221,285
Republic of Uruguay, Senior Notes		4.375	%		10/27/27		379,735		377,837

Total Uruguay									777,622

Vietnam - 0.2%
Republic of Vietnam, Senior Bonds		4.800	%		11/19/24		300,000		290,158	^(a)

Zambia - 0.1%
Republic of Zambia, Senior Notes		8.970	%		7/30/27		250,000		217,750	^(a)

TOTAL SOVEREIGN BONDS (Cost - $43,795,006)									45,253,273


						SHARES
COMMON STOCKS - 2.9%
CONSUMER DISCRETIONARY - 0.0%
Hotels, Restaurants & Leisure - 0.0%
Bossier Casino Venture Holdco Inc.							19,194		0	*^(d)(e)(j)

ENERGY - 0.4%
Energy Equipment & Services - 0.4%
Hercules Offshore Inc.							11,723		43,610	*
KCAD Holdings I Ltd.							77,972,021		562,880	*^(d)(e)

TOTAL ENERGY									606,490

FINANCIALS - 2.1%
Banks - 2.1%
Citigroup Inc.							50,751		2,745,122
JPMorgan Chase & Co.							5,293		352,937

TOTAL FINANCIALS									3,098,059

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

INDUSTRIALS - 0.2%
Marine - 0.1%
DeepOcean Group Holding AS							26,137		118,531	*^(d)(e)

Trading Companies & Distributors - 0.1%
H&E Equipment Services Inc.							12,513		250,385

TOTAL INDUSTRIALS									368,916

MATERIALS - 0.0%
Metals & Mining - 0.0%
Mirabela Nickel Ltd.							837,929		50,297	*^(d)(e)

TOTAL COMMON STOCKS (Cost - $4,639,963)									4,414,262

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		November 30, 2015


SECURITY	RATE					SHARES		VALUE
CONVERTIBLE PREFERRED STOCKS - 0.0%
ENERGY - 0.0%
Oil, Gas & Consumable Fuels - 0.0%
Rex Energy Corp. (Cost - $250,225)		6.000	%				3,500	$	38,500

PREFERRED STOCKS - 0.8%
FINANCIALS - 0.8%
Consumer Finance - 0.8%
GMAC Capital Trust I (Cost - $1,085,701)		8.125	%				43,913		1,119,782	^(g)


				EXPIRATION DATE		WARRANTS
WARRANTS - 0.1%
Bolivarian Republic of Venezuela, Oil-linked payment obligations					4/15/20		9,125		71,859
Jack Cooper Holdings Corp.					12/15/17		496		69,440	*^(a)(e)
Jack Cooper Holdings Corp.					5/6/18		228		31,920	*^(a)(e)

TOTAL WARRANTS (Cost - $12,465)									173,219

TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS (Cost - $201,992,499)									193,749,458


						SHARES
SHORT-TERM INVESTMENTS - 3.9%
State Street Institutional Treasury Plus Money Market Fund, Premier Class (Cost - $5,855,035)		0.000	%				5,855,035		5,855,035

TOTAL INVESTMENTS - 132.9% (Cost - $207,847,534#)									199,604,493
Liabilities in Excess of Other Assets - (32.9)%									(49,407,354	)

TOTAL NET ASSETS - 100.0%								$	150,197,139

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		November 30, 2015

*	Non-income producing security.

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

(e)	Illiquid security.

(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 November 30, 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)	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.

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

(n)	All or a portion of this loan is unfunded as of November 30, 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
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. Under normal market conditions, the Fund will invest at least 33% of its total assets in securities of issuers that are, or are incorporated in or generate the majority of their revenue in, emerging market countries and at least 33% of its total assets in high-yield U.S. corporate debt securities. The Fund may also invest up to 33% of its total assets in a broad range of other U.S. and non-U.S. fixed-income securities, both investment grade and high-yield securities.

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. Investments in open-end funds are valued at the closing net asset value per share of each fund on the day of valuation. 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 (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		—	$	17,363,282	$	255,189		$	17,618,471
Materials		—		18,053,160		0	*		18,053,160
Other corporate bonds & notes		—		102,915,980		—			102,915,980
Collateralized mortgage obligations		—		848,189		—			848,189
Convertible bonds & notes:
Materials		—		80,944		176,219			257,163
Telecommunication services		—		193,662		—			193,662
Senior loans:
Consumer discretionary		—		435,292		231,725			667,017
Consumer staples		—		—		129,025			129,025
Health care		—		281,300		202,991			484,291
Materials		—		—		318,550			318,550
Utilities		—		—		236,064			236,064
Other senior loans		—		1,028,850		—			1,028,850
Sovereign bonds		—		45,253,273		—			45,253,273
Common stocks:
Consumer discretionary		—		—		0	*		0	*
Energy	$	43,610		—		562,880			606,490
Financials		3,098,059		—		—			3,098,059
Health care		—		—		290,500			290,500
Industrials		250,385		—		118,531			368,916
Materials		—		—		50,297			50,297
Convertible preferred stocks		38,500		—		—			38,500
Preferred stocks		1,119,782		—		—			1,119,782
Warrants		—		173,219		—			173,219

Total long-term investments	$	4,550,336	$	186,627,151	$	2,571,971		$	193,749,458

Short-term investments†		5,855,035		—		—			5,855,035

Total investments	$	10,405,371	$	186,627,151	$	2,571,971		$	199,604,493

Other financial instruments:
Futures contracts	$	23,487		—		—		$	23,487
Forward foreign currency contracts		—	$	764,694		—			764,694

Total other financial instruments	$	23,487	$	764,694		—		$	788,181

Total	$	10,428,858	$	187,391,845	$	2,571,971		$	200,392,674


LIABILITIES
DESCRIPTION	QUOTED PRICES (LEVEL 1)		OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2)		SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3)			TOTAL
Other financial instruments:
Futures contracts	$	218,751		—		—		$	218,751
Forward foreign currency contracts		—	$	292,294		—			292,294

Total	$	218,751	$	292,294		—		$	511,045

†	See Schedule of Investments for additional detailed categorizations.

*	Amount represents less than $1.

Notes to Schedule of Investments (unaudited) (continued)

The Fund’s policy is to recognize transfers between levels as of the end of the reporting period. At November 30, 2015, securities valued at $38,500 were transferred from Level 2 to Level 1 within the fair value hierarchy because of the availability of a quoted price in an active market for an identical investment.

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


										CONVERTIBLE
	CORPORATE BOND & NOTES									BOND & NOTES
INVESTMENTS IN SECURITIES	CONSUMER DISCRETIONARY			MATERIALS			UTILITIES			MATERIALS
Balance as of August 31, 2015	$	254,205		$	0	*	$	483,494			—
Accrued premiums/discounts		1,723			—			221			—
Realized gain (loss)		—			—			—			—
Change in unrealized appreciation (depreciation)¹		(10,398	)		(41	)		250			—
Purchases		9,659			41			—			—
Sales		—			—			—			—
Transfers into Level 3²		—			—			—		$	176,219
Transfers out of Level 3³		—			—			(483,965	)		—

Balance as of November 30, 2015	$	255,189		$	0	*		—		$	176,219

Net change in unrealized appreciation (depreciation) for investments in securities still held at November 30, 2015¹	$	(10,398	)	$	(41	)		—			—


	SENIOR LOANS
INVESTMENTS IN SECURITIES (cont’d)	CONSUMER DISCRETIONARY			CONSUMER STAPLES		ENERGY			HEALTH CARE		MATERIALS			UTILITIES
Balance as of August 31, 2015	$	233,450			—	$	160,153			—	$	341,695		$	250,273
Accrued premiums/discounts		35			—		153			—		186			150
Realized gain (loss)		—			—		10			—		—			12
Change in unrealized appreciation (depreciation)¹		(1,760	)		—		(40,501	)		—		(23,331	)		(13,721	)
Purchases		—			—		—			—		—			—
Sales		—			—		(445	)		—		—			(650	)
Transfers into Level 3²		—		$	129,025		—		$	202,991		—			—
Transfers out of Level 3³		—			—		(119,370	)		—		—			—

Balance as of November 30, 2015	$	231,725		$	129,025		—		$	202,991	$	318,550		$	236,064

Net change in unrealized appreciation (depreciation) for investments in securities still held at November 30, 2015¹	$	(1,760	)		—		—			—	$	(23,331	)	$	(13,721	)


	COMMON STOCKS
INVESTMENTS IN SECURITIES (cont’d)	CONSUMER DISCRETIONARY			ENERGY			HEALTH CARE		INDUSTRIALS			MATERIALS		WARRANTS			TOTAL
Balance as of August 31, 2015	$	0	*	$	706,037		$	290,500	$	168,479		$	49,437	$	101,360		$	3,039,083
Accrued premiums/discounts		—			—			—		—			—		—			2,468
Realized gain (loss)		—			—			—		—			—		—			22
Change in unrealized appreciation (depreciation)¹		—			(143,157	)		—		(49,948	)		860		—			(281,747	)
Purchases		—			—			—		—			—		—			9,700
Sales		—			—			—		—			—		—			(1,095	)
Transfers into Level 3²		—			—			—		—			—		—			508,235
Transfers out of Level 3³		—			—			—		—			—		(101,360	)		(704,695	)

Balance as of November 30, 2015	$	0	*	$	562,880		$	290,500	$	118,531		$	50,297		—		$	2,571,971

Net change in unrealized appreciation
(depreciation) for investments in securities still held at November 30, 2015¹		—		$	(143,157	)		—	$	(49,948	)	$	860		—		$	(241,496	)

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.

Notes to Schedule of Investments (unaudited) (continued)

2. Investments

At November 30, 2015, the aggregate gross unrealized appreciation and depreciation of investments for federal income tax purposes were substantially as follows:


Gross unrealized appreciation	$	8,203,661
Gross unrealized depreciation		(16,446,702	)

Net unrealized depreciation	$	(8,243,041	)

At November 30, 2015, the Fund had the following open reverse repurchase agreements:


Counterparty	Rate			Effective Date		Maturity Date			Face Amount of Reverse Repurchase Agreements		Asset Class of Collateral*	Collateral Value
Credit Suisse		(1.00	)%		10/30/2015		TBD	**	$	2,653,595	Sovereign bonds Cash	$	2,791,497 268,561
Credit Suisse		0.50	%		6/25/2015		TBD	**		1,005,750	Sovereign bonds Cash		1,115,875 101,788
Credit Suisse		0.75	%		11/10/2015		TBD	**		2,646,780	Sovereign bonds Cash		3,202,089 267,871
Credit Suisse		0.75	%		7/17/2014		TBD	**		1,342,200	Sovereign bonds Cash		1,060,686 135,839
Credit Suisse		0.85	%		6/10/2014		TBD	**		3,764,000	Sovereign bonds Cash		3,836,800 380,941
JPMorgan Chase & Co.		0.25	%		4/8/2015		TBD	**		830,000	Corporate bonds & notes		743,210

									$	12,242,325		$	13,905,157

*	Refer to the Schedule of Investments for positions held at the counterparty as collateral for reverse repurchase agreements.

**	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.

At November 30, 2015, the Fund had the following open futures contracts:


	Number of Contracts		Expiration Date		Basis Value		Market Value		Unrealized Appreciation (Depreciation)
Contracts to Buy:
Euro		23		12/15	$	3,221,006	$	3,040,600	$	(180,406	)
U.S. Treasury Ultra Long-Term Bonds		28		3/16		4,412,763		4,436,250		23,487

										(156,919	)

Contracts to Sell:
U.S. Treasury 5-Year Notes		115		3/16		13,637,102		13,648,164		(11,062	)
U.S. Treasury 10-Year Notes		92		3/16		11,604,967		11,632,250		(27,283	)

										(38,345	)

Net unrealized depreciation on open futures contracts									$	(195,264	)

Notes to Schedule of Investments (unaudited) (continued)

At November 30, 2015, the Fund had the following open forward foreign currency contracts:


Currency Purchased		Currency Sold			Counterparty	Settlement Date		Unrealized Appreciation (Depreciation)
BRL	8,397,000		USD	2,256,651	JPMorgan Chase & Co.		12/15/15	$	(94,904	)
USD	2,099,250		BRL	8,397,000	JPMorgan Chase & Co.		12/15/15		(62,497	)
EUR	80,000		USD	91,001	Bank of America N.A.		1/19/16		(6,349	)
USD	7,741,632		EUR	6,789,000	Bank of America N.A.		1/19/16		557,892
INR	105,283,315		USD	1,559,753	Bank of America N.A.		2/12/16		528
USD	1,559,721		SGD	2,225,800	Bank of America N.A.		2/12/16		(14,315	)
USD	1,765,563		MXN	29,871,215	Barclays Bank PLC		2/12/16		(27,908	)
BRL	5,852,787		USD	1,545,903	Citibank N.A.		2/12/16		(67,043	)
USD	1,497,413		BRL	5,852,787	Citibank N.A.		2/12/16		18,554
USD	1,562,350		EUR	1,427,030	BNP Paribas SA		2/16/16		51,154
EUR	487,729		USD	531,439	Citibank N.A.		2/16/16		(14,944	)
USD	659,168		GBP	435,252	Citibank N.A.		2/16/16		3,522
EUR	120,000		USD	130,726	UBS AG		2/16/16		(3,649	)
EUR	70,000		USD	74,813	UBS AG		2/16/16		(685	)
USD	3,978,229		EUR	3,647,500	UBS AG		2/16/16		115,603
USD	847,998		GBP	551,367	UBS AG		2/16/16		17,441

Total								$	472,400

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/ JANE TRUST
		Jane Trust
		Chief Executive Officer

Date:		January 21, 2016

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:		January 21, 2016

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

Date:		January 21, 2016

EX-99.CERT 2 d101448dex99cert.htm CERTIFICATIONS Certifications

Exhibit 99.CERT

CERTIFICATIONS

I, Jane Trust, 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:	January 21, 2016	/s/ JANE TRUST
		Jane Trust
		Chief Executive Officer

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:	January 21, 2016	/s/ RICHARD F. SENNETT
		Richard F. Sennett
		Principal Financial Officer