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Business Wire (Thu, 20-Nov 8:00 AM ET)
The Fund’s primary investment objective is to provide current income and then to liquidate and distribute substantially all of the Fund’s net assets to stockholders on or about December 2, 2024. As a secondary investment objective, the Fund seeks capital appreciation. The Fund seeks to achieve its investment objectives by investing, under normal market conditions, at least 80% of its net assets in investment grade corporate fixed-income securities of varying maturities. The Fund may invest up to 20% of its net assets in corporate fixed-income securities of below investment grade quality at the time of investment and other securities, including obligations of the U.S. government, its agencies or instrumentalities, common stocks, warrants and depositary receipts. While the Fund may invest up to 20% of its net assets in below investment grade securities, the Fund will, under normal market conditions, maintain a portfolio with an overall dollar-weighted average of investment grade credit quality. The Fund may invest up to 20% of its net assets in securities of foreign issuers located anywhere in the world, including issuers located in emerging market countries. Additionally, the Fund may invest up to 20% of its net assets in non-U.S. dollar denominated securities. The Fund may invest in derivative instruments, such as options contracts, futures contracts, options on futures contracts, indexed securities, credit default swaps and other swap agreements, provided that the Fund’s exposure to derivative instruments, as measured by the total notional amount of all such instruments, will not exceed 20% of its net assets. In purchasing securities and other investments for the Fund, we may take full advantage of the entire range of maturities and durations offered by corporate fixed-income securities and may adjust the average maturity or duration of the Fund’s portfolio from time to time, depending on our assessment of the relative yields available on securities of different maturities and durations and our expectations of future changes in interest rates. The Fund may take on leveraging risk by utilizing certain management techniques, whereby it will segregate liquid assets, enter into offsetting transactions or own positions covering its obligations. To the extent the Fund covers its commitment under such a portfolio management technique, such instrument will not be considered a senior security for the purposes of the Investment Company Act of 1940. However, as a fundamental policy, the Fund will not leverage its capital structure by issuing senior securities such as preferred shares or debt instruments
Western Asset Investment Grade Defined Opportunity Trust trades on the NYSE stock market under the symbol IGI.
As of December 26, 2025, IGI stock price climbed to $16.54 with 7,583 million shares trading.
IGI has a beta of 0.07, meaning it tends to be less sensitive to market movements. IGI has a correlation of 0.03 to the broad based SPY ETF.
IGI has a market cap of $99.13 million. This is considered a Micro Cap stock.
In the last 3 years, IGI traded as high as $18.30 and as low as $15.13.
IGI has underperformed the market in the last year with a price return of +6.4% while the SPY ETF gained +16.0%. IGI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.0% and +1.4%, respectively, while the SPY returned +4.6% and +1.5%, respectively.
IGI support price is $16.44 and resistance is $16.62 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IGI shares will trade within this expected range on the day.
