Western Asset Investment Grade Defined Opportunity Trust Inc. as of December 31, 2010
27 Janvier 2011 - 11:30PM
Business Wire
Western Asset Investment Grade Defined Opportunity Trust Inc.
(NYSE: IGI) announces its portfolio composition as of December 31,
2010.
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 Corporate
Bonds
83.3%
High Yield Corporate Bonds
16.6%
Cash & Other Securities
0.2%
Credit Quality
Allocation**
AAA 0.1% AA 13.9% A 32.5% BBB 36.9% BB 10.7% B 5.5% Not rated 0.5%
Top Ten
Investment Grade Industries
Banking 21.9% Communications 15.0% Consumer Non Cyclical 7.8%
Energy 7.1% Insurance 6.8% Basic Industry 4.7% Electric 4.6%
Finance Companies 4.3% Natural Gas 3.1% Capital Goods 2.2%
Top Five High
Yield Industries
Bank Loans 3.8% Consumer Cyclical 1.9% Consumer Non Cyclical 1.8%
Communications 1.7% Electric 1.5%
Average Life (years)
10.7
Effective Duration (years)
6.5
Average Coupon (%)
7.1
Portfolio Statistics:
Inception Date
June 26, 2009
Inception Price
$20.00
Total Assets
$225,795,297
Loans
0.0%
Preferred Shares
0.0%
Reverse Repos
0.0%
Market Price
$20.20
NAV
$21.21
(Daily NAV is available on market
quotation systems using the symbol XIGIX.)
Distribution Amount
$0.1418 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.
** 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. For this purpose, if 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.
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 Relations at
888-777-0102 or consult the Fund’s web site at
www.leggmason.com/cef.
FN1011951
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