Western Asset Investment Grade Defined Opportunity Trust Inc. : Portfolio Composition as of December 31, 2018
January 30, 2019 at 05:31 pm
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Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:
IGI) announces its portfolio composition as of December 31, 2018.
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
83.9%
High Yield Corporate Bonds
8.2%
Emerging Market
5.4%
Corporates External Currency
2.2%
Sovereign Debt External Currency
3.0%
Sovereign Debt Local Currency
0.1%
Government
1.8%
Municipal
0.4%
Cash & Other Securities
0.3%
Credit Quality Allocation**
AAA
2.5%
AA
6.7%
A
29.8%
BBB
49.7%
BB
6.4%
B
4.7%
Not Rated
0.3%
Top Ten Investment Grade Industries
Banking
20.2%
Energy
13.1%
Communications
12.2%
Consumer Non Cyclical
10.3%
Insurance
6.8%
Capital Goods
5.2%
Electric
4.3%
Technology
2.1%
Consumer Cyclical
2.1%
REITs
2.0%
Top Five High Yield Industries
Finance Companies
2.4%
Banking
1.9%
Basic Industry
1.2%
Communications
0.8%
Energy
0.7%
Average Life (years)
11.5
Effective Duration (years)
7.0
Average Coupon (%)
5.9
Portfolio Statistics:
Inception Date
June 26, 2009
Inception Price
$20.00
Total Assets***
$208,423,908
Loans****
0.0%
Preferred Shares****
0.0%
Reverse Repos****
0.0%
Market Price
$18.56
NAV
$19.25
(Daily NAV is available on market quotation systems using the
symbol XIGIX.)
Distribution Amount
$0.0850 per share
Frequency
Monthly (declared monthly, paid monthly)
*
Portfolio holdings and weightings are historical and are presented
here for informational purposes only. They are subject to change at
any time. Negative allocations and allocations in excess of 100%, if
any, are primarily due to the Fund's unsettled trade activity.
**
Credit quality is a measure of a bond issuer's ability to repay
interest and principal in a timely manner. The credit ratings
shown are based on each portfolio security’s rating as provided by
Standard and Poor’s, Moody’s Investors Service and/or Fitch
Ratings, Ltd. and typically range from AAA (highest) to D
(lowest), or an equivalent and/or similar rating. For this
purpose, when two or more of the agencies have assigned differing
ratings to a security, the highest rating is used. Securities that
are unrated by all three agencies are reflected as such. The
credit quality of the investments in the Fund's portfolio does not
apply to the stability or safety of the Fund. These ratings are
updated monthly and may change over time. Please note, the Fund
itself has not been rated by an independent rating agency.
***
The Fund will not leverage its capital structure by issuing senior
securities such as preferred shares or debt instruments. The Fund
will also not borrow money for the purpose of leverage. The Fund may
invest in reverse repurchase agreements and/or other instruments
which can increase the risks and volatility of the Fund.
****
Percentages are based on total assets. If the Fund employs leverage,
the Effective Duration is based on net assets.
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.
FN1112210
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Western Asset Investment Grade Defined Opportunity Trust Inc. is a non-diversified, closed-end management investment company. 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. As a secondary investment objective, the Fund will seek capital appreciation. 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. The Fund's investment portfolio sectors include corporate bonds and notes; consumer discretionary; consumer staples; financials; energy; health care; industrials; information technology; utilities; materials; communication services; municipal bonds, and real estate. Legg Mason Partners Fund Advisor, LLC is the Fund's investment manager.