Western Asset Investment Grade Defined Opportunity Trust Inc. as of March 31, 2011
03 Mai 2011 - 11:30PM
Business Wire
Western Asset Investment Grade Defined Opportunity Trust Inc.
(NYSE: IGI) announces its portfolio composition as of March 31,
2011.
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
77.6%
High Yield Corporate Bonds
16.1%
Emerging Market
5.6%
Corporates External Currency
4.0%
Sovereign Debt External Currency
1.5%
Municipal
0.5%
Government
0.1%
Cash & Other Securities
0.1%
Credit Quality
Allocation**
AAA 0.2% AA 14.3% A 32.5% BBB 36.0% BB 10.7% B 6.3%
Top Ten
Investment Grade Industries
Banking 24.2% Communications 13.8% Energy 7.5% Insurance 6.1%
Consumer Non Cyclical 5.5% Finance Companies 5.1% Electric 4.9%
Basic Industry 3.6% Natural Gas 3.1% Transportation 1.3%
Top Five High
Yield Industries
Bank Loans 3.4% Consumer Cyclical 1.9% Communications 1.7% Electric
1.5% Finance Companies 1.5%
Average Life (years)
10.7
Effective Duration (years)
6.4
Average Coupon (%)
7.1
Portfolio Statistics:
Inception Date
June 26, 2009
Inception Price
$20.00
Total Assets
$225,620,518
Loans
0.0%
Preferred Shares
0.0%
Reverse Repos
0.0%
Market Price
$19.85
NAV
$21.19
(Daily NAV is available on market
quotation systems using the symbol XIGIX.)
Distribution Amount
$0.1045 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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