Western Asset Investment Grade Defined Opportunity Trust Inc. Portfolio Composition as of June 30, 2014
25 Juillet 2014 - 2:00PM
Business Wire
Western Asset Investment Grade Defined Opportunity Trust Inc.
(NYSE:IGI) announces its portfolio composition as of June 30,
2014.
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
75.7%
High Yield Corporate Bonds
14.5%
Emerging Market
5.7%
Corporates External Currency
3.6%
Sovereign Debt External Currency
2.0%
Municipal
0.6%
Bank Loans
0.3%
Cash & Other Securities
3.2%
Credit Quality
Allocation**
AA 7.2% A 35.2% BBB 39.4% BB 9.2% B 5.0% CCC 0.5% Not Rated 3.5%
Top Ten
Investment Grade Industries
Banking 21.6% Communications 12.6% Energy 6.3% Consumer Non
Cyclical 6.1% Insurance 5.8% Electric 4.9% Finance Companies 4.4%
Basic Industry 3.3% Consumer Cyclical 3.2% Natural Gas 3.1%
Top Five High
Yield Industries
Finance Companies 3.5% Communications 3.2% Banking 2.1% Electric
1.5% Transportation 1.2%
Average Life (years)
10.8
Effective Duration (years)
6.5
Average Coupon (%)
6.5
Portfolio Statistics:
Inception Date
June 26, 2009
Inception Price
$20.00
Total Assets***
$237,484,997
Loans
0.0%
Preferred Shares
0.0%
Reverse Repos
0.0%
Market Price
$21.27
NAV
$21.95
(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.
FN1112210
Media:Legg Mason, Inc.Maria Rosati,
1-212-805-6036mrosati@leggmason.com
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