EMD (Western Asset Emerging Markets Debt Fund Inc.) is invested primarily in a diversified portfolio of government and corporate issuers in emerging market countries1. The fund's investment strategy involves sector rotation, issuer/issue selection, and country rotation1. As of the latest data, the credit quality of the portfolio is rated BB, with an effective duration of 6.75 years and a spread duration of 6.21 years1. The fund does not use leverage1. EMD's investment focus is on fixed income securities issued by governments, government-related entities, and corporations, with a consideration for factors such as currency trends, inflation, interest rates, growth rates, liquidity, and political outlook2. The fund seeks to generate total return with a secondary focus on high current income3.