Western Asset Investment Grade Defined Opportunity Trust: A Modest 5.45% Yield That's Not Really Safe [Seeking Alpha]
Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI)
US:NYSE Investor Relations:
leggmason.com/en-us/products/closed-end-funds/western-asset-investment-grade-defined-opportunity-trust-inc.html
Company Research
Source: Seeking Alpha
Summary Fund overview – The Western Asset Investment Grade Defined Opportunity Trust, Inc ( IGI ) (Source: Fund Factsheet ) With exposure to a diversified portfolio of short duration securities and an unlevered balance sheet, IGI seeks to deliver high current income and limited interest rate sensitivity. The trust, set to terminate in December 2024, does allocate assets to low quality bonds in an effort to enhance yield so there is a bit extra credit risk. In this article we will analyze this fund for its potential to deliver current income and an acceptable total return. Investing for income (Source: Original Image – Data from Yahoo Finance) Historically, this fund has delivered a stable yield which is important to investors that rely on their portfolios for income. While that has the potential to change going forward with a maturing business cycle, it can be comforting to know that management has been able to maintain a stable payout to inve
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IGI
News
- Western Asset Investment Grade Defined Opportunity Trust Inc. Announces Results of Annual Meeting of StockholdersBusiness Wire
- Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE: IGI) Announces Portfolio Management Team UpdateBusiness Wire
- Western Asset Term Funds Announce Stockholder ProposalsBusiness Wire
IGI
Sec Filings
- 4/4/24 - Form DEF
- 3/25/24 - Form PRE
- 3/11/24 - Form SC
- IGI's page on the SEC website