Western Asset Investment Grade Defined Opportunity Trust Inc. Portfolio Composition as of June 30, 2012
02 Août 2012 - 2:30PM
Business Wire
Western Asset Investment Grade Defined Opportunity Trust Inc.
(NYSE: IGI) announces its portfolio composition as of June 30,
2012.
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
77.7%
High Yield Corporate Bonds
13.1%
Emerging Market
6.1%
Corporates External Currency
4.5%
Sovereign Debt External Currency
1.5%
Bank Loans
2.2%
Municipal
0.5%
Cash & Other Securities
0.4%
Credit Quality
Allocation**
AA 8.4% A 39.0% BBB 36.5% BB 10.9% B 4.1% CCC 0.2% Not Rated 0.8%
Top Ten
Investment Grade Industries
Banking 22.0% Communications 12.0% Consumer Non Cyclical 6.6%
Energy 6.5% Finance Companies 6.0% Insurance 5.1% Electric 4.7%
Natural Gas 4.5% Basic Industry 3.4% Transportation 2.5%
Top Five High
Yield Industries
Banking 2.2% Electric 1.9% Finance Companies 1.6% Basic Industry
1.4% Consumer Non Cyclical 1.3%
Average Life (years)
11.3
Effective Duration (years)
6.6
Average Coupon (%)
6.9
Portfolio Statistics:
Inception Date
June 26, 2009
Inception Price
$20.00
Total Assets***
$235,935,107
Loans
0.0%
Preferred Shares
0.0%
Reverse Repos
0.0%
Market Price
$22.60
NAV
$21.69
(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. 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). 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.
*** 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.
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.
FN1112210
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