Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI)
Western Asset Investment Grade Defined Opportunity Trust Inc. operates in the Asset Management industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $15.93, up 0.47% on the session, giving a market capitalisation of $95.4M. On trailing twelve-month figures it carries a trailing P/E of 14.09, a net margin of 150.1%. Its beta of 0.48 implies it has historically moved less than the broad market.
The Western Asset Investment Grade Defined Opportunity Trust Inc. operates as a closed-end mutual fund concentrating on fixed income, initially established and overseen by Legg Mason Partners Fund Advisor, LLC. Its management is shared among several entities, including Western Asset Management Company, Western Asset Management Company Pte. Ltd, Western Asset Management Company Ltd., and Western Asset Management Company Limited. This U.S.-domiciled trust, formed on June 26, 2009, allocates its capital specifically within the fixed income markets of the United States. Its investment objective is to acquire securities from companies spanning a broad range of diversified sectors, with a primary focus on investment-grade corporate debt instruments possessing various maturity dates. All investment decisions are informed by the fund's proprietary in-house research. The trust is scheduled to liquidate on or around December 2, 2024.
Western Asset Investment Grade Defined Opportunity Trust Inc. is most often compared with the following Financial Services names: