Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE: IGI) announces its portfolio composition as of June 30, 2016.
Investment Objectives: The Fund's primary investment objective is to provide current income and then to liquidate and distribute substantially all of the Fund’s net assets to stockholders on or about December 2, 2024. Capital appreciation is a secondary investment objective.
Investment Strategy: The Fund seeks to achieve its investment objectives by investing, under normal market conditions, at least 80% of its net assets in investment grade corporate fixed income securities of varying maturities.
Portfolio Composition*:
Asset Allocation | |
Investment Grade Corporate Bonds | 77.8% |
High Yield Corporate Bonds | 13.5% |
Emerging Market | 5.3% |
Corporates External Currency | 2.0% |
Sovereign Debt External Currency | 3.3% |
Government | 1.0% |
Municipal | 0.4% |
Bank Loans | 0.3% |
Cash & Other Securities | 1.7% |
Credit Quality Allocation** | |
AAA | 1.1% |
AA | 6.8% |
A | 34.1% |
BBB | 40.9% |
BB | 9.8% |
B | 5.3% |
CCC | 0.4% |
Not Rated | 1.6% |
Top Ten Investment Grade Industries | |
Banking | 19.2% |
Communications | 12.7% |
Energy | 10.5% |
Consumer Non Cyclical | 7.2% |
Electric | 4.9% |
Finance Companies | 4.8% |
Insurance | 4.5% |
Basic Industry | 3.9% |
Consumer Cyclical | 3.1% |
Transportation | 2.1% |
Top Five High Yield Industries | |
Banking | 3.1% |
Finance Companies | 2.4% |
Communications | 2.4% |
Energy | 1.6% |
Electric | 1.5% |
Average Life (years) | 11.9 |
Effective Duration (years) | 7.0 |
Average Coupon (%) | 6.2 |
Portfolio Statistics: | |
Inception Date | June 26, 2009 |
Inception Price | $20.00 |
Total Assets*** | $224,961,236 |
Loans**** | 0.0% |
Preferred Shares**** | 0.0% |
Reverse Repos**** | 0.0% |
Market Price | $21.57 |
NAV | $20.74 |
(Daily NAV is available on market quotation systems using the symbol XIGIX.) | |
Distribution Amount | $0.0656 per share |
Frequency Monthly | (declared monthly, paid monthly) |
* |
Portfolio holdings and weightings are historical and are presented
here for |
** |
Credit quality is a measure of a bond issuer's ability to repay
interest and |
*** |
The Fund will not leverage its capital structure by issuing senior
securities such |
**** |
Percentages are based on total assets. If the Fund employs
leverage, the |
Western Asset Investment Grade Defined Opportunity Trust Inc., a non-diversified closed-end investment management company, is advised by Legg Mason Partners Fund Advisor, LLC, a wholly owned subsidiary of Legg Mason, Inc., and is sub-advised by Western Asset Management Company, an affiliate of the advisor.
Past performance is no guarantee of future results. An investment in the Fund involves risk, including loss of principal. Investment return and the value of shares will fluctuate.
Data and commentary provided in this press release are for informational purposes only. Legg Mason and its affiliates do not engage in selling shares of the Fund.
For more information, please call Fund Investor Services at 1-888-777-0102, or consult the Fund’s web site at http://www.lmcef.com. Hard copies of the Fund’s complete audited financial statements are available free of charge upon request.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160801005293/en/
Contacts:
Maria Rosati, 1-212-805-6036
mrosati@leggmason.com