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Upturn AI SWOT - About
IGI 
Western Asset Investment Grade Defined Opportunity Closed Fund (IGI)
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Upturn Advisory Summary
06/04/2025: IGI (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
Analysts rated it
Highly popular stock, broad analyst coverage, trusted insights, strong investor interest.
1 Year Target Price $
1 Year Target Price $
| 1 | Strong Buy |
| 0 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 2.68% | Avg. Invested days 56 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 06/04/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 99.37M USD | Price to earnings Ratio 12.37 | 1Y Target Price - |
Price to earnings Ratio 12.37 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta - | 52 Weeks Range 15.70 - 18.30 | Updated Date 06/29/2025 |
52 Weeks Range 15.70 - 18.30 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 5.14% | Basic EPS (TTM) 1.34 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) - | Return on Equity (TTM) - |
Valuation
Trailing PE 12.37 | Forward PE - | Enterprise Value - | Price to Sales(TTM) 5.83 |
Enterprise Value - | Price to Sales(TTM) 5.83 | ||
Enterprise Value to Revenue 5.83 | Enterprise Value to EBITDA - | Shares Outstanding 5993650 | Shares Floating - |
Shares Outstanding 5993650 | Shares Floating - | ||
Percent Insiders 12.88 | Percent Institutions 37.99 |
Analyst Ratings
Rating 5 | Target Price - | Buy - | Strong Buy 1 |
Buy - | Strong Buy 1 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Western Asset Investment Grade Defined Opportunity Closed Fund
Company Overview
History and Background
Western Asset Investment Grade Defined Opportunity Closed Fund (IGI) was established to provide a high level of current income. It invests primarily in investment-grade corporate bonds and mortgage-backed securities. Details on its exact founding year require looking at the fund's original prospectus and fillings.
Core Business Areas
- Investment Grade Corporate Bonds: Investing in debt securities rated investment grade by rating agencies, with the goal of generating income.
- Mortgage-Backed Securities (MBS): Investing in securities backed by mortgage loans, offering a yield based on the underlying mortgages.
Leadership and Structure
The fund is managed by Western Asset Management Company, a global fixed-income investment manager. Specific individual leadership details require accessing fund prospectuses and filings.
Top Products and Market Share
Key Offerings
- Investment Grade Bond Portfolio: A portfolio of investment-grade corporate bonds and other fixed-income securities. Market share data for a single closed-end fund is not typically tracked like for individual companies. Competitors include other closed-end funds such as BlackRock Corporate High Yield Fund (HYT) and PIMCO Corporate & Income Opportunity Fund (PTY).
- Mortgage-Backed Securities Portfolio: A portfolio focused on mortgage-backed securities. Market share for specific fund's MBS holdings is not tracked. Competitors are other closed-end funds focused on similar MBS investments.
Market Dynamics
Industry Overview
The closed-end fund market fluctuates based on interest rates, credit spreads, and investor sentiment. Demand for income-generating assets drives the market.
Positioning
IGI aims to provide higher current income compared to passively managed bond funds through active management and opportunistic investing within the investment-grade space. The defined opportunity aspect likely refers to tactical allocation to specific sectors or credit opportunities as they arise.
Total Addressable Market (TAM)
The total addressable market is the entire fixed-income investment market. Western Asset's fund aims to capture a portion of this market by offering actively managed, high-income-generating strategies. TAM is in the trillions of USD.
Upturn SWOT Analysis
Strengths
- Experienced management team (Western Asset)
- Focus on investment-grade securities
- Potential for higher income generation through active management
Weaknesses
- Closed-end fund structure can lead to trading at a discount to NAV
- Vulnerability to interest rate risk
- Management fees can impact overall returns
Opportunities
- Increasing demand for income in a low-yield environment
- Potential to capitalize on market inefficiencies
- Ability to adjust portfolio allocation based on market conditions
Threats
- Rising interest rates
- Credit spread widening
- Economic recession
- Competition from other fixed-income investment products
Competitors and Market Share
Key Competitors
- HYT
- PTY
- EAD
- DHY
Competitive Landscape
IGI competes with other closed-end funds offering investment-grade bond exposure. Advantages may include superior security selection or tactical asset allocation. Disadvantages include trading at a discount.
Growth Trajectory and Initiatives
Historical Growth: Growth is tied to the fund's ability to generate income and capital appreciation from its investments. Performance depends on fixed-income market conditions.
Future Projections: Future growth is dependent on the fund manager's ability to navigate the fixed-income market effectively and maintain attractive distribution rates.
Recent Initiatives: Recent initiatives would relate to portfolio adjustments based on current market conditions, such as changes in sector allocation or credit quality.
Summary
Western Asset's IGI is a closed-end fund focused on investment-grade fixed income and current income. Its strengths lie in active management and security selection, although closed-end funds often trade at a discount. Watch out for changes in interest rates and credit spreads which will affect the fund's future performance. The fund needs to maintain its distribution rate to attract and retain investors.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Fund prospectuses
- Fund fact sheets
- Financial news sources
- Yahoo Finance
- Bloomberg
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Market share estimates are approximate and based on available data. Investment decisions should be made based on thorough research and consultation with a financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Western Asset Investment Grade Defined Opportunity Closed Fund
Exchange NYSE | Headquaters New York, NY, United States | ||
IPO Launch date 2009-06-26 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
Western Asset Investment Grade Opportunity Trust Inc. is a close-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Pte. Ltd, Western Asset Management Company Ltd., and Western Asset Management Company Limited. The fund invests in fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors. The fund primarily invests in investment-grade corporate debt securities with varied maturities. It will liquidate on or about December 2, 2024. The fund conducts in-house research to make its investments. Western Asset Investment Grade Opportunity Trust Inc. was formed on June 26, 2009 and is domiciled in the United States.
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