# Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/igi for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Western Asset · Asset class: Equity - Strategy: Thematic · Inception: 2009-07-01 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... ## Key Facts | Metric | Value | |---|---| | Price | $15.24 | | Expense Ratio | 0.93% | | Assets Under Management | $91.4M | | NAV | — | | Holdings Count | — | | Distribution Yield (TTM) | 5.59% | | Annual Distribution (TTM) | $0.85 /share | | Distribution Frequency | Monthly | | 52-Week Range | $15.08 – $16.88 | | Beta | 0.51 | ## Latest Distribution - Amount: $0.0710 /share - Ex-date: 2026-11-20 - Pay date: 2026-11-30 ## Frequently Asked Questions ### 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 $91.4M 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 Western Asset. ### 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. ### Does IGI pay a dividend? Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI) currently distributes little or no income. Trailing-twelve-month yield is 5.59%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does IGI pay dividends? Western Asset Investment Grade Defined Opportunity Trust Inc. pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is IGI's dividend yield? IGI's trailing-twelve-month yield is 5.59%, calculated from the sum of dividends over the past year divided by the current price. ### When is IGI's next ex-dividend date? The most recently announced ex-dividend date for IGI was 2026-11-20. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will IGI's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.93% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does IGI charge its expense ratio? The expense ratio is deducted in tiny daily slices from IGI's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does IGI cost more than a fund like VOO? IGI's strategy (current expense ratio 0.93%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where IGI sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to IGI? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as IGI (0.93%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/igi - Distribution history: https://www.dividenddata.com/funds/igi/dividend - Holdings & diversification: https://www.dividenddata.com/funds/igi/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/igi/expenses - Peer comparison: https://www.dividenddata.com/funds/igi/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.