Western Asset Investment Grade Defined Opportunity Trust Inc. Portfolio Composition as of September 30, 2012
02 Novembre 2012 - 1:30PM
Business Wire
Western Asset Investment Grade Defined Opportunity Trust Inc.
(NYSE: IGI) announces its portfolio composition as of September 30,
2012.
Investment Objectives: The Fund's primary investment
objective is to provide current income 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
78.7%
High Yield Corporate Bonds
9.6%
Emerging Market
5.8%
Corporates External Currency
4.2%
Sovereign Debt External Currency
1.5%
Bank Loans
1.8%
Government
1.1%
Cash & Other Securities
3.0%
Credit Quality
Allocation**
AAA 1.1% AA 7.9% A 36.1% BBB 40.9% BB 7.0% B 3.4% CCC 0.3% Not
Rated 3.4%
Top Ten
Investment Grade Industries
Banking 21.9% Communications 12.8% Consumer Non Cyclical 6.7%
Energy 6.6% Finance Companies 5.8% Insurance 5.5% Electric 5.0%
Basic Industry 4.4% Natural Gas 4.0% Consumer Cyclical 2.4%
Top Five High
Yield Industries
Electric 1.9% Banking 1.3% Financial Other 1.0% Basic Industry 0.9%
Communications 0.9%
Average Life (years)
11.0
Effective Duration (years)
6.7
Average Coupon (%)
6.5
Portfolio Statistics:
Inception Date
June 26, 2009
Inception Price
$20.00
Total Assets***
$244,651,697
Loans
0.0%
Preferred Shares
0.0%
Reverse Repos
0.0%
Market Price
$24.00
NAV
$22.53 (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.
For more information, please call Fund Investor Relations at
888-777-0102 or consult the Fund’s web site at
http://www.lmcef.com.
FN1112210
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