NEW YORK--(BUSINESS WIRE)--Western Asset Managed High Income Fund Inc. (NYSE:MHY) announces its portfolio composition as of June 30, 2015. Investment Objective: The Fund’s primary investment objective is high current income. Capital appreciation is a secondary objective. Portfolio Composition*: Asset Allocation   High Yield Corporate Bonds 82.8% Investment Grade Corporate Bonds 6.1% Emerging Market Debt 3.0% Corporates External Currency   3.0% Bank Loans 2.1% Cash & Other Securities 6.1%