Western Asset Investment Grade Defined Opportunity Trust Inc. Overview
Pro stress-test →Western Asset Investment Grade Defined Opportunity Trust Inc. is a closed-end management investment company that invests in investment-grade corporate fixed-income securities. The fund was incorporated in Maryland in 2009 and trades on the New York Stock Exchange under ticker WTOD, designed to provide current income to shareholders through a diversified bond portfolio.
Strategic Profile
Pro stress-test →The fund's investment strategy focuses on at least 80% allocation to investment-grade corporate bonds of varying maturities, with the primary objective of generating current income. As a defined-opportunity fund managed by Western Asset, it benefits from professional portfolio management while offering the closed-end fund structure that can trade at premiums or discounts to net asset value.
Competitive Landscape
Pro stress-test →WTOD competes within the closed-end bond fund category alongside other investment-grade corporate bond funds managed by major asset managers. The fund benchmarks against the Bloomberg Barclays U.S. Credit Index and compares performance to similar Lipper Corporate Debt BBB-Rated Closed-End Funds, competing on yield, total return, and discount/premium to NAV.
Industry Context
Western Asset Investment Grade Defined Opportunity Trust Inc. operates in Closed-end bond funds.
Key facts
Founded: 2009 · Headquarters: Pasadena, US · Employees: N/A · Revenue: N/A · Market cap: N/A