Western Asset Investment Grade Defined Opportunity Trust Inc. as of September 30, 2009
27 Octobre 2009 - 9:00PM
Business Wire
Western Asset Investment Grade Defined Opportunity Trust Inc.
(NYSE: IGI) announces its portfolio composition as of September 30,
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
81.9%
High Yield
17.3%
Government
0.9%
Credit Quality Allocation (Higher of
S&P/Moody/Fitch)
AAA 1.00% AA 12.41% A 33.66% BBB 35.68% BB 9.54% B 7.71%
Top Ten Investment Grade
Industries
Banking 22.67% Communications 16.76% Consumer Non Cyclical 8.62%
Energy 6.10% Electric 5.20% Insurance 4.30% Basic Industry 4.10%
Natural Gas 3.46% Finance Companies 2.83% Capital Goods 2.25%
Top Five High Yield Industries
Bank Loans 5.31% Consumer Cyclical 2.88% Basic Industry 2.60%
Communications 2.14% Consumer Non Cyclical 1.80%
Average Life (years)
11.17
Effective Duration
(years)
6.53
Average Credit Quality
(S&P)
BBB+
Portfolio Statistics:
Inception Date June 26, 2009 Inception Price $20.00 Net Assets
$215,569,357 Market Price $19.34 NAV $20.45 (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.
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