Western Asset Investment Grade Income Fund Inc. Portfolio Composition as of March 31, 2019

NEW YORK–(BUSINESS WIRE)–Western Asset Investment Grade Income Fund Inc. (NYSE:PAI) announces its
portfolio composition as of March 31, 2019.

Investment Objective: The Fund’s seeks a high level of current
income, consistent with prudent investment risk through investment in a
diversified portfolio of debt securities. To a lesser extent, the Fund
may also invest in privately placed debt securities and in certain
equity securities. Capital appreciation is a secondary investment
objective.

Portfolio Composition*:
 

Asset Allocation

Investment Grade Corporate Bonds 77.1%
Emerging Markets Debt 11.3%
Corporates External Currency 4.1%
Sovereign Debt External Currency 7.1%
High Yield Corporate Bonds 8.4%
Government 1.5%
Municipal 1.4%
Cash & Other Securities 0.4%
 

Credit Quality Allocation**

AAA 2.6%
AA 4.5%
A 31.6%
BBB 48.6%
BB 7.5%
B 4.5%
D 0.3%
NR 0.4%
 

Top Ten Investment Grade Industries

Banking 22.7%
Energy 12.6%
Consumer Non Cyclical 9.1%
Communications 8.9%
Insurance 5.7%
Basic Industry 4.4%
Capital Goods 4.0%
Electric 2.0%
Consumer Cyclical 1.8%
Technology 1.7%
 

Top Five High Yield Industries

Banking 2.1%
Finance Companies 1.9%
Basic Industry 1.6%
Consumer Non Cyclical 0.9%
Communications 0.7%
 
 
Average Life (years) 11.7
Effective Duration (years) 7.2
Average Coupon (%) 5.9
 
Portfolio Statistics:
 
Inception Date March 22, 1973
Total Assets*** $139,395,075
Net Assets $139,395,075
Loans**** 0.00%
Preferred Shares**** 0.00%
Reverse Repos**** 0.00%
 
Market Price $14.75
NAV $14.69
(Daily NAV is available on market quotation systems using the symbol
XPAIX.)
 
Distribution Rate $0.0575 per share
Frequency Monthly (declared monthly, paid monthly)
 

Note: Prior to March 29, 2018, this fund was known as Western Asset
Income Fund.

*

 

Portfolio holdings and weightings are historical and are presented
here for informational purposes only. They are subject to change
at any time.

**

Credit quality is a measure of a bond issuer’s ability to repay
interest and principal in a timely manner. The credit ratings
shown are based on each portfolio security’s rating as provided by
Standard and Poor’s, Moody’s Investors Service and/or Fitch
Ratings, Ltd. and typically range from AAA (highest) to D
(lowest), or an equivalent and/or similar rating. For this
purpose, when two or more of the agencies have assigned differing
ratings to a security, the highest rating is used. Securities that
are unrated by all three agencies are reflected as such. The
credit quality of the investments in the Fund’s portfolio does not
apply to the stability or safety of the Fund. These ratings are
updated monthly and may change over time. Please note, the Fund
itself has not been rated by an independent rating agency.

***

The difference between total assets and net assets, if any, is due
primarily to the Fund’s use of borrowings; net assets do not
include borrowings. The Fund may employ leverage in the form of
loans, preferred stock, reverse repurchase agreements and/or other
instruments. When the Fund engages in transactions that have a
leveraging effect on the Fund’s portfolio, the value of the Fund
will be more volatile and all other risks will tend to be
compounded.

****

Percentages are based on total assets. If the Fund employs
leverage, the Effective Duration is based on net assets.

 

Western Asset Investment Grade Income Fund Inc., a diversified
closed-end investment management company, is advised by Western Asset
Management Company, a wholly owned subsidiary of Legg Mason, Inc. and is
sub-advised by Western Asset Management Company Limited, an affiliate of
the advisor.

An investment in the Fund involves risk, including loss of principal.
Investment return and the value of shares will fluctuate. Fixed income
securities are subject to credit risk, inflation risk, call risk, and
interest rate risks. As interest rates rise, bond prices fall, reducing
the value of the Fund’s share price. High yield bonds are subject to
additional risk and volatility.

Data and commentary provided in this press release are for informational
purposes only. Legg Mason and its affiliates do not engage in selling
shares of the Fund.

For more information, please call Fund Investor Services at
1-888-777-0102, or consult the Fund’s web site at http://www.lmcef.com.
Hard copies of the Fund’s complete audited financial statements are
available free of charge upon request.

FN1112219

Contacts

Fund Investor Services
1-888-777-0102

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