Business & Finance
Fri, October 29, 2010Thu, October 28, 2010Wed, October 27, 2010Tue, October 26, 2010Mon, October 25, 2010Sun, October 24, 2010Fri, October 22, 2010Thu, October 21, 2010Wed, October 20, 2010Tue, October 19, 2010Mon, October 18, 2010Western Asset Investment Grade Defined Opportunity Trust Inc. as of September 30, 2010
Published in Business and Finance on Monday, October 25th 2010 at 6:45 GMT by Market Wire
NEW YORK--([ BUSINESS WIRE ])--Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE: IGI) announces its portfolio composition as of September 30, 2010.
Investment Objectives: The Fund's primary investment objective is to provide current income for its shareholders and then to liquidate and distribute substantially all of the Funda™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 | 84.2% | |
High Yield Corporate Bonds | 15.5% | |
Cash & Other Securities | 0.4% | |
Credit Quality Allocation** | ||
| AAA | 0.5% | |
| AA | 14.2% | |
| A | 31.3% | |
| BBB | 38.3% | |
| BB | 9.4% | |
| B | 5.6% | |
| Not rated | 0.7% | |
Top Ten Investment Grade Industries | ||
| Banking | 21.7% | |
| Communications | 15.2% | |
| Consumer Non Cyclical | 8.0% | |
| Energy | 7.6% | |
| Insurance | 5.7% | |
| Electric | 5.1% | |
| Basic Industry | 4.6% | |
| Finance Companies | 4.3% | |
| Natural Gas | 3.0% | |
| Transportation | 2.8% | |
Top Five High Yield Industries | ||
| Bank Loans | 3.6% | |
| Basic Industry | 2.5% | |
| Consumer Non Cyclical | 1.8% | |
| Consumer Cyclical | 1.7% | |
| Communications | 1.7% | |
Average Life (years) | 10.44 | |
Effective Duration (years) | 6.29 | |
Average Coupon (%) | 7.04 | |
Portfolio Statistics: | ||
Inception Date | June 26, 2009 | |
Inception Price | $20.00 | |
Total Assets | $230,958,208 | |
Loans | 0.0% | |
Preferred Shares | 0.0% | |
Reverse Repos | 0.0% | |
Market Price | $22.06 | |
NAV | $21.71 | |
(Daily NAV is available on market quotation systems using the symbol XIGIX.) | ||
Distribution Amount | $0.1045 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.
** 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. For this purpose, if 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.
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 Funda™s web site at [ www.leggmason.com/cef ].
FN1011951
