Western Asset Investment Grade Defined Opportunity Trust Inc. Portfolio Composition as of December 31, 2015
29 Janvier 2016 - 3:00PM
Business Wire
Western Asset Investment Grade Defined Opportunity Trust Inc.
(NYSE:IGI) announces its portfolio composition as of December 31,
2015.
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
81.1%
High Yield Corporate Bonds
13.4%
Emerging Market
3.5%
Corporates External Currency
2.4%
Sovereign Debt External Currency
1.1%
Bank Loans
0.4%
Municipal
0.4%
Cash & Other Securities
1.1%
Credit Quality
Allocation**
AAA 0.1% AA 7.8% A 35.6% BBB 41.5% BB 7.8% B 5.5% CCC 0.1% Not
Rated 1.6%
Top Ten
Investment Grade Industries
Banking 21.0% Communications 13.6% Energy 9.4% Consumer Non
Cyclical 7.5% Finance Companies 5.5% Insurance 5.1% Electric 4.4%
Basic Industry 3.8% Consumer Cyclical 3.7% Transportation 2.4%
Top Five High
Yield Industries
Finance Companies 3.3% Communications 2.6% Banking 2.0% Electric
1.5% Consumer Cyclical 1.3%
Average Life (years)
11.9
Effective Duration (years)
6.7
Average Coupon (%)
6.4
Portfolio Statistics:
Inception Date
June 26, 2009
Inception Price
$20.00
Total Assets***
$215,045,699
Loans****
0.0%
Preferred Shares****
0.0%
Reverse Repos****
0.0%
Market Price
$20.17
NAV
$19.88
(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.
**** Percentages are based on total assets. If the Fund employs
leverage, the Effective Duration is based on net assets.
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 Services at
1-888-777-0102, or consult the Fund’s web site at
http://www.lmcef.com. Hard copies of the Fund’s complete audited
financial statements are available free of charge upon request.
FN1112210
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version on businesswire.com: http://www.businesswire.com/news/home/20160129005207/en/
Western Asset Investment Grade Defined Opportunity Trust
Inc.MediaMaria Rosati,
1-212-805-6036mrosati@leggmason.com
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