Western Asset Investment Grade Defined Opportunity Trust Inc.

Frequently Asked Questions About IGI

What does IGI invest in?

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.

What is the expense ratio of IGI?

Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI) charges an expense ratio of 0.93%. This is the annual fee deducted from fund assets to cover management and operations.

How big is IGI?

Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI) manages $95.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is IGI actively managed or an index fund?

IGI's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was IGI launched?

Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI) launched in July 2009 and is managed by the fund issuer.

How has IGI performed?

IGI's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.