Western Asset Investment Grade Defined Opportunity Trust (IGI)

• Market cap: $177M
• 1 day: 0.18%
• 5 days: -0.06%
• 1 month: -3.31%
• 3 months: -4.72%
• 6 months: -4.67%
• Year to date: -0.12%
• 1 year: -5.00%
• 5 years: -27.12%
• 10 years: -23.18%

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 Q3 regulatory filings by fund managers ($100M+ AUM)

1% less capital invested

Capital invested by funds: $81.1M [Q2] → $80.4M (-$750K) [Q3]

2.62% less ownership

Funds ownership: 43.77% [Q2] → 41.15% (-2.62%) [Q3]

3% less funds holding

Funds holding: 38 [Q2] → 37 (-1) [Q3]

13% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 8

46% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 13