Western Asset Investment Grade Defined Opportunity TrustIGI
Market Cap: $197M
About: Western Asset Invstm Grd Dfnd Opp Tr Inc operates as a non-diversified closed-end management investment company. Its primary investment objective is to provide current income and then liquidate & distribute substantially all of the Fund's net assets to stockholders. As a secondary investment objective, the Fund will seek capital appreciation. The Fund seeks to achieve its investment objectives by investing at least 80% of its net assets in investment-grade corporate fixed-income securities of varying maturities.
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
0.24% less ownership
Funds ownership: 42.58% [Q1] → 42.34% (-0.24%) [Q2]
2% less capital invested
Capital invested by funds: $79.8M [Q1] → $78.5M (-$1.33M) [Q2]
5% less funds holding
Funds holding: 40 [Q1] → 38 (-2) [Q2]
17% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 12
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Research analyst outlook
We haven’t received any recent analyst ratings for IGI.