IGI Western Asset Investment Grade Defined Opportunity Trust Inc

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE: IGI) announces its portfolio composition as of June 30, 2016.

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

77.8%

High Yield Corporate Bonds

13.5%

Emerging Market

5.3%

Corporates External Currency 2.0% Sovereign Debt External Currency

3.3%

Government

1.0%

Municipal

0.4%

Bank Loans

0.3%

Cash & Other Securities

1.7%

 

Credit Quality Allocation**

AAA 1.1% AA 6.8% A 34.1% BBB 40.9% BB 9.8% B 5.3% CCC 0.4% Not Rated 1.6%  

Top Ten Investment Grade Industries

Banking 19.2% Communications 12.7% Energy 10.5% Consumer Non Cyclical 7.2% Electric 4.9% Finance Companies 4.8% Insurance 4.5% Basic Industry 3.9% Consumer Cyclical 3.1% Transportation 2.1%  

Top Five High Yield Industries

Banking 3.1% Finance Companies 2.4% Communications 2.4% Energy 1.6% Electric 1.5%  

Average Life (years)

11.9

Effective Duration (years)

7.0

Average Coupon (%)

6.2  

Portfolio Statistics:

 

Inception Date

June 26, 2009

Inception Price

$20.00

Total Assets***

$224,961,236

Loans****

0.0%

Preferred Shares****

0.0%

Reverse Repos****

0.0%  

Market Price

$21.57

NAV

$20.74

(Daily NAV is available on market quotation systems using the symbol XIGIX.)  

Distribution Amount

$0.0656 per share

Frequency Monthly

(declared monthly, paid monthly)   *

Portfolio holdings and weightings are historical and are presented here forinformational purposes only. They are subject to change at any time.Negative allocations and allocations in excess of 100%, if any, are primarilydue to the Fund's unsettled trade activity.

**

Credit quality is a measure of a bond issuer's ability to repay interest andprincipal in a timely manner. The credit ratings shown are based on eachportfolio security’s rating as provided by Standard and Poor’s, Moody’sInvestors Service and/or Fitch Ratings, Ltd. and typically range from AAA(highest) to D (lowest), or an equivalent and/or similar rating. For thispurpose, when two or more of the agencies have assigned differing ratingsto a security, the highest rating is used. Securities that are unrated by allthree agencies are reflected as such. The credit quality of the investmentsin 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. Pleasenote, the Fund itself has not been rated by an independent ratingagency.

***

The Fund will not leverage its capital structure by issuing senior securities suchas preferred shares or debt instruments. The Fund will also not borrow moneyfor the purpose of leverage. The Fund may invest in reverse repurchaseagreements and/or other instruments which can increase the risks andvolatility of the Fund.

****

Percentages are based on total assets. If the Fund employs leverage, theEffective 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160801005293/en/

Media:Maria Rosati, 1-212-805-6036mrosati@leggmason.com