Company: EMD
Filing Date: 2025-02-27
Form Type: N-CSR
Source: 0001133228-25-001572
Chunk: 20

Company: WESTERN ASSET EMERGING MARKETS DEBT FUND INC.
Filing Date: 2025-02-27
Form: N-CSR
Chunk 20
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adviser to manage. During periods in which the Fund utilizes financial leverage, the fees paid to FTFA will be higher than if the Fund did not utilize leverage because the fees are calculated as a percentage of the Fund’s assets, including those investments purchased with leverage. The manager has agreed to waive the Fund’s management fee to an extent sufficient to offset the net management fee payable in connection with any investment in an affiliated money market fund (the “affiliated money market fund waiver”).

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

During the year ended December 31, 2024, fees waived and/or expenses reimbursed amounted to $4,246, all of which was an affiliated money market fund waiver. All officers and one Director of the Fund are employees of Franklin Resources or its affiliates and do not receive compensation from the Fund. 3. Investments During the year ended December 31, 2024, the aggregate cost of purchases and proceeds from sales of investments (excluding short-term investments) and U.S. Government & Agency Obligations were as follows:

|           |  Investments | U.S. Government &Agency Obligations |
| Purchases | $300,081,073 |                          $3,205,838 |
| Sales     |  371,871,630 |                           3,205,341 |

At December 31, 2024, the aggregate cost of investments and the aggregate gross unrealized appreciation and depreciation of investments for federal income tax purposes were as follows:

|                                    |         Cost | GrossUnrealizedAppreciation | GrossUnrealizedDepreciation | NetUnrealizedAppreciation(Depreciation) |
| Securities                         | $810,420,140 |                 $45,143,481 | $(54,307,598)               |                            $(9,164,117) |
| Futures contracts                  |            — |                     302,574 | —                           |                                 302,574 |
| Forward foreign currency contracts |            — |                   1,950,814 | —                           |                               1,950,814 |

4. Derivative instruments and hedging activities Below is a table, grouped by derivative type, that provides information about the fair value and the location of derivatives within the Statement of Assets and Liabilities at December 31, 2024.

| ASSET DERIVATIVES1                 |                   |                      |            |
|                                    | InterestRate Risk | ForeignExchange Risk |      Total |