Company: EMD
Filing Date: 2025-02-27
Form Type: N-CSR
Source: 0001133228-25-001572
Chunk: 13

Company: WESTERN ASSET EMERGING MARKETS DEBT FUND INC.
Filing Date: 2025-02-27
Form: N-CSR
Chunk 13
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 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, 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 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.

Western Asset Emerging Markets Debt Fund Inc. 2024 Annual Report 37

Notes to financial statements (cont’d)

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 — unadjusted 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 carried at fair value:

| ASSETS                              |                        |                                             |                                        |              |
| Description                         | Quoted Prices(Level 1) | Other SignificantObservable Inputs(Level 2) | SignificantUnobservableInputs(Level 3) |        Total |
| Long-Term Investments†:             |                        |                                             |                                        |              |
| Sovereign Bonds                     |                      — |                                $466,425,450 |                                      — | $466,425,450 |
| Corporate Bonds & Notes:            |                        |                                             |                                        |              |
| Financials                          |                      — |                                  32,055,295 |                                    $0* |   32,055,295 |
| Other Corporate Bonds &Notes        |                      — |                                 285,403,944 |                                      — |  285,403,944 |
| Senior Loans                        |                      — |                                           — |                              8,958,075 |    8,958,075 |