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IGI 
Western Asset Investment Grade Defined Opportunity Closed Fund (IGI)
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Upturn Advisory Summary
12/26/2025: 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.
Analysis of Past Performance
Type Stock | Historic Profit 5.31% | Avg. Invested days 62 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 12/26/2025 |
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 |
Upturn AI SWOT
Western Asset Investment Grade Defined Opportunity Closed Fund
Company Overview
History and Background
The Western Asset Investment Grade Defined Opportunity Closed Fund (WIW) is a closed-end investment company managed by Western Asset Management Company, LLC. It aims to provide current income and capital appreciation by investing primarily in a diversified portfolio of investment-grade fixed-income securities. The fund was established to offer investors exposure to a professionally managed portfolio with a defined opportunity set within the fixed-income market. Specific founding year and detailed historical milestones are not publicly detailed for this specific closed-end fund structure, but its evolution is tied to Western Asset's broader fixed-income management expertise.
Core Business Areas
- Fixed Income Investment Management: The fund's primary business is the investment and management of a diversified portfolio of investment-grade fixed-income securities. This includes U.S. Treasury securities, government agency obligations, corporate debt, mortgage-backed securities, and other income-producing debt instruments rated investment-grade.
Leadership and Structure
The fund is overseen by a Board of Trustees, responsible for the overall management and governance of the fund. The day-to-day investment decisions are delegated to Western Asset Management Company, LLC, a subsidiary of Legg Mason. Key portfolio managers from Western Asset are responsible for the selection and management of the fund's investments.
Top Products and Market Share
Key Offerings
- Description: The fund's core offering is a diversified portfolio of investment-grade fixed-income securities, aiming to generate income and preserve capital. It focuses on securities with a credit rating of 'BBB' or higher by S&P or 'Baa' or higher by Moody's. The fund's market share within the broader closed-end fixed-income fund sector is a small fraction, as the market is highly fragmented. Competitors include other closed-end funds focusing on investment-grade bonds from firms like BlackRock, PIMCO, and Nuveen.
- Product Name: Investment Grade Fixed Income Portfolio
Market Dynamics
Industry Overview
The fixed-income market, particularly for investment-grade securities, is influenced by macroeconomic factors such as interest rates, inflation, economic growth, and central bank policy. The closed-end fund structure provides a stable capital base for managers to invest through various market cycles, although it can also lead to trading at a premium or discount to net asset value (NAV). The market is characterized by a wide range of investors seeking income and diversification.
Positioning
Western Asset Investment Grade Defined Opportunity Closed Fund is positioned as a managed portfolio for investors seeking exposure to high-quality fixed-income assets within a closed-end structure. Its competitive advantage lies in the expertise of Western Asset Management Company, a well-established manager of fixed-income strategies. The fund competes on its ability to generate consistent income and manage credit and interest rate risk effectively.
Total Addressable Market (TAM)
The Total Addressable Market (TAM) for investment-grade fixed-income investments is vast, encompassing trillions of dollars globally. For closed-end funds specifically focused on this segment, the TAM is a subset of this larger market. Western Asset Investment Grade Defined Opportunity Closed Fund targets a segment of investors seeking professionally managed, liquid exposure to this asset class within the closed-end structure. Its current position relative to this TAM is that of a specialized provider within a larger, diverse market.
Upturn SWOT Analysis
Strengths
- Experienced investment management team at Western Asset Management Company.
- Focus on investment-grade securities, generally lower credit risk.
- Closed-end structure provides a stable capital base for long-term investment.
- Potential for income generation and capital preservation.
Weaknesses
- Closed-end funds can trade at a discount or premium to NAV, impacting investor returns.
- Interest rate sensitivity inherent in fixed-income investments.
- Limited flexibility to redeem shares for investors.
- Specific fund performance is subject to management skill and market conditions.
Opportunities
- Potential for income generation in a rising or stable interest rate environment (depending on duration strategy).
- Investor demand for high-quality fixed income during economic uncertainty.
- Diversification benefits offered by fixed-income assets.
- Opportunities to capitalize on market dislocations in investment-grade bonds.
Threats
- Rising interest rates can lead to a decline in bond prices.
- Inflation eroding the real return of fixed-income investments.
- Credit downgrades of portfolio holdings could impact NAV.
- Increased competition from other fixed-income investment vehicles.
Competitors and Market Share
Key Competitors
- BlackRock Limited Duration Bond Trust (BLD)
- PIMCO Corporate Opportunity Fund (PTY)
- Nuveen High Income Fund (NHF)
Competitive Landscape
Western Asset Investment Grade Defined Opportunity Closed Fund competes within the broader closed-end fixed-income fund space. Its advantages include its investment grade focus and the reputation of Western Asset Management. Disadvantages can arise from fees, trading at a discount to NAV, and the inherent risks of bond investing. Competitors often differentiate themselves through specific sector focuses (e.g., high yield, municipal bonds), management teams, and fee structures.
Growth Trajectory and Initiatives
Historical Growth: Growth for a closed-end fund is primarily measured by the growth in its Net Asset Value (NAV) per share, and secondarily by the appreciation of its market price relative to NAV. Historical performance trends would reveal the fund's ability to navigate different market conditions and generate returns.
Future Projections: Future projections for closed-end funds are often based on analyst expectations for the fixed-income market, interest rate movements, and the fund's specific investment strategy. These projections are inherently uncertain and depend on the manager's ability to adapt to changing market conditions.
Recent Initiatives: Recent initiatives for a fund like this would typically involve adjustments to portfolio strategy, duration, credit exposure, or leverage in response to market outlooks. Updates on such initiatives are usually found in shareholder reports and prospectuses.
Summary
Western Asset Investment Grade Defined Opportunity Closed Fund offers a managed approach to investment-grade fixed income, leveraging Western Asset's expertise. Its strengths lie in its focus on quality debt and stable capital base. However, it faces typical closed-end fund challenges like discount/premium volatility and interest rate sensitivity. Continued success depends on effective risk management and income generation in a dynamic fixed-income landscape.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Prospectus and Shareholder Reports (where available for specific details)
- Financial Data Providers (e.g., Morningstar, Bloomberg, Refinitiv for general fund data and performance)
- Industry Analysis Reports
Disclaimers:
This analysis is based on publicly available information and general industry knowledge. Specific financial data, performance figures, and market share percentages may vary and are subject to change. Investment decisions should be made after consulting with a qualified financial advisor and reviewing the fund's official documentation. This information is not intended as investment advice.
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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