Western Asset Investment Grade Defined Opportunity Trust Inc. Portfolio Composition as of December 31, 2013
06 Février 2014 - 2:00PM
Business Wire
Western Asset Investment Grade Defined Opportunity Trust Inc.
(NYSE: IGI) announces its portfolio composition as of December 31,
2013.
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
78.9
%
High Yield Corporate Bonds
13.6
%
Emerging Market
4.9
%
Corporates External Currency
3.1 %
Sovereign Debt External Currency
1.9 %
Municipal
0.7
%
Government
0.6
%
Bank Loans
0.4
%
Cash & Other Securities
0.8
%
Credit Quality
Allocation**
AAA 0.6 % AA 7.6 % A 35.5 % BBB 41.9 % BB 8.7 % B 5.0 % Not Rated
0.8 %
Top Ten
Investment Grade Industries
Banking 22.7 % Communications 12.9 % Consumer Non Cyclical 6.2 %
Insurance 6.2 % Finance Companies 6.2 % Energy 6.0 % Basic Industry
4.2 % Electric 4.1 % Natural Gas 3.4 % Consumer Cyclical 3.0 %
Top Five High
Yield Industries
Communications 3.5 % Finance Companies 2.2 % Electric 2.0 % Banking
1.8 % Transportation 1.0 %
Average Life (years)
11.3
Effective Duration (years)
6.7
Average Coupon (%)
6.7
Portfolio Statistics:
Inception Date
June 26, 2009
Inception Price
$ 20.00
Total Assets***
$ 228,560,311
Loans
0.0
%
Preferred Shares
0.0 %
Reverse Repos
0.0 %
Market Price
$
20.20
NAV
$ 21.20 (Daily NAV is available on market quotation systems using
the symbol XIGIX.)
Distribution Amount
$0.1000 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), or an equivalent and/or similar
rating. For this purpose, when 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.
Western Asset Investment Grade Defined Opportunity Trust
Inc.Maria Rosati, 1-212-805-6036mrosati@leggmason.com
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