Western Asset Investment Grade Defined Opportunity Trust (IGI)

• Market cap: $99M
• 1 day: -0.60%
• 5 days: -0.96%
• 1 month: -1.08%
• 3 months: -2.19%
• 6 months: -7.92%
• Year to date: 0.92%
• 1 year: -3.73%
• 5 years: -21.60%
• 10 years: -20.66%

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 Q4 regulatory filings by fund managers ($100M+ AUM)

26% less funds holding

Funds holding: 38 [Q3] → 28 (-10) [Q4]

29.77% less ownership

Funds ownership: 41.43% [Q3] → 11.65% (-29.77%) [Q4]

56% less repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 9

57% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 14

75% less capital invested

Capital invested by funds: $80.9M [Q3] → $20.6M (-$60.3M) [Q4]