Western Asset Investment Grade Defined Opportunity Trust Inc. Portfolio Composition as of June 30, 2017
04 Août 2017 - 2:00PM
Business Wire
Western Asset Investment Grade Defined Opportunity Trust Inc.
(NYSE: IGI) announces its portfolio composition as of June 30,
2017.
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
77.7%
High Yield Corporate Bonds
13.6%
Emerging Market
7.4%
Corporates External Currency
2.5%
Sovereign Debt External Currency
4.4%
Sovereign Debt Local Currency
0.4%
Municipal
0.4%
Government
0.2%
Cash & Other Securities
0.9%
Credit Quality
Allocation**
AAA 1.7% AA 5.4% A 31.3% BBB 42.9% BB 10.4% B 6.1% CCC 1.2% Not
Rated 1.0%
Top Ten
Investment Grade Industries
Banking 20.7% Communications 12.4% Energy 11.0% Consumer Non
Cyclical 5.9% Insurance 5.5% Electric 5.2% Finance Companies 4.0%
Consumer Cyclical 2.9% Technology 2.7% Capital Goods 2.3%
Top Five High
Yield Industries
Banking 3.3% Communications 2.3% Finance Companies 2.3% Energy 2.1%
Electric 1.2%
Average Life (years)
11.7
Effective Duration (years)
7.2
Average Coupon (%)
6.2
Portfolio Statistics:
Inception Date
June 26, 2009
Inception Price
$20.00
Total Assets***
$226,159,996
Loans****
0.0%
Preferred Shares****
0.0%
Reverse Repos****
0.0%
Market Price
$21.77
NAV
$20.92
(Daily NAV is available on market
quotation systems using the symbol XIGIX.)
Distribution Amount
$0.0900 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/20170804005118/en/
Legg MasonMaria Rosati, 1-212-805-6036mrosati@leggmason.com
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