IGI Western Asset Investment Grade Defined Opportunity Trust Inc

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE: IGI) announces its portfolio composition as of July 31, 2009.

Investment Objectives: The Fund's primary investment objective is to provide current income for its shareholders 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

77.3%

High Yield

15.1%

Emerging Market

4.9%

Non-Investment Grade 1.2%

US Dollar

1.2%

Investment Grade 3.7%

US Dollar

3.7%

Government

1.2%

Cash & Cash Equivalents

1.5%

 

Credit Quality Allocation (Higher of S&P/Moody/Fitch)

Aaa/AAA 3.1% Aa/AA 12.8% A/A 34.3% Baa/BBB 33.6% Ba/BB 9.1% B/B 7.1%  

Top Ten Investment Grade Industries

Banking 22.5% Communications 17.6% Consumer Non Cyclical 9.0% Energy 6.1% Electric 5.5% Insurance 3.6% Natural Gas 3.2% Basic Industry 2.9% Finance Companies 2.4% Transportation 2.1%  

Top Five High Yield Industries

Bank Loans 5.8% Consumer Cyclical 2.2% Basic Industry 1.9% Consumer Non Cyclical 1.7% Communications 1.7%  

Average Life (years)

11.8

Effective Duration (years)

6.8

Average Credit Quality (S&P)

BBB+  

Portfolio Statistics:

Inception Date June 26, 2009 Inception Price $20.00 Total Net Assets $190,843,634 Market Price $20.05 NAV $20.08 (Daily NAV is available on market quotation systems using the symbol XIGIX.)   Distribution Amount** $0.1045 per share Frequency Monthly (declared monthly, paid monthly) Leverage none *   Portfolio holdings and weightings are historical and are subject to change at any time.   ** The distribution amount was announced on July 27, 2009 for the months of August, September, October and November. The distribution amount is subject to change in future months.

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. The data contained in this release is provided for informational purposes only. The shares of the Fund trade on the NYSE and are not sold by Legg Mason Partners Fund Advisor, LLC or any of its affiliates.

For more information, please call Fund Investor Relations at 888-777-0102 or consult the Fund’s web site at www.leggmason.com/cef.