Western Asset Investment Grade Defined Opportunity Trust Inc. Portfolio Composition as of March 31,
Western Asset Investment Grade Defined Opportunity Trust Inc.Portfolio Compositionas of March 31, 2013
NEW YORK--(BUSINESS WIRE)-- Western Asset Investment Grade Defined Opportunity Trust Inc. (NYS: IGI) announces its portfolio composition as of March 31, 2013.
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 | 82.4% | |||
High Yield Corporate Bonds | 10.4% | |||
Emerging Market | 5.1% | |||
Corporates External Currency | 3.6% | |||
Sovereign Debt External Currency | 1.5% | |||
Bank Loans | 1.2% | |||
Government | 0.2% | |||
Municipal | 0.2% | |||
Cash & Other Securities | 0.6% | |||
Credit Quality Allocation** | ||||
AAA | 0.2% | |||
AA | 8.7% | |||
A | 37.5% | |||
BBB | 41.7% | |||
BB | 7.6% | |||
B | 3.4% | |||
CCC | 0.2% | |||
Not Rated | 0.6% | |||
Top Ten Investment Grade Industries | ||||
Banking | 22.5% | |||
Communications | 12.1% | |||
Consumer Non Cyclical | 7.3% | |||
Insurance | 6.6% | |||
Energy | 6.2% | |||
Finance Companies | 5.8% | |||
Electric | 4.7% | |||
Natural Gas | 4.3% | |||
Basic Industry | 3.6% | |||
Capital Goods | 3.2% | |||
Top Five High Yield Industries | ||||
Electric | 2.0% | |||
Finance Companies | 1.9% | |||
Banking | 1.4% | |||
Communications | 1.2% | |||
Basic Industry | 0.8% | |||
Average Life (years) | 11.1 | |||
Effective Duration (years) | 6.7 | |||
Average Coupon (%) | 6.6 | |||
Portfolio Statistics: | ||||
Inception Date | June 26, 2009 | |||
Inception Price | $20.00 | |||
Total Assets*** | $241,384,115 | |||
Loans | 0.0% | |||
Preferred Shares | 0.0% | |||
Reverse Repos | 0.0% | |||
Market Price | $22.90 | |||
NAV | $22.29 | |||
(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 | ||||
** Credit quality is a measure of a bond issuer's ability to repay interest and | ||||
*** The Fund will not leverage its capital structure by issuing senior securities such | ||||
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
Legg Mason
Media
Maria Rosati, 1-212-805-6036
mrosati@leggmason.com
KEYWORDS: United States North America New York
INDUSTRY KEYWORDS:
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