IGI - Western Asset Investment Grade Opportunity Trust
Printed from CEF Radar (cefradar.com). Source: public filings at the U.S. Securities and Exchange Commission. Last checked: Nov 2, 2026, 12:36 a.m. New York time.
A closed-end fund run by Western Asset. Invests in bonds. Listed on the New York Stock Exchange.
Is anyone targeting this fund?
Yes - 3 large investors hold a stake, but none of them has asked for changes.
- Sit Investment owns 12.8% as a passive investor, for now. On file since Feb 7, 2024.
- Karpus owns 8.8% as a passive investor, for now. On file since Nov 13, 2024.
- 1607 Capital owns 5.5% as a passive investor, for now. On file since Feb 8, 2024.
Is the fund doing anything you need to act on?
Nothing right now.
What this means for you
Sit Investment and Karpus are known for pushing closed-end funds to narrow the gap between price and value. For now they have told the regulator they are not seeking changes. 1607 Capital specializes in closed-end funds trading below the value of their holdings - not a bank or an index fund holding shares for clients - and has told the regulator it is not seeking changes.
Nothing is required of you. If an investor changes its mind, it must file a new notice within days, and it will show up here.
What happened, and when
-
Aug 14, 2026
1607 Capital cut its stake to 5.5% (from 6.8%), as a passive investor.
Original document → -
Aug 14, 2026
Karpus raised its stake to 8.8% (from 6.4%), as a passive investor.
Original document → -
May 15, 2026
1607 Capital raised its stake to 6.8% (from 5.4%), as a passive investor.
Original document → -
May 14, 2026
Karpus now owns 6.4%, as a passive investor.
Original document → -
May 7, 2026
UBS Group AG filed a notice about its stake, as a passive investor.
Original document →
Show all 25 events
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Jan 30, 2026
First Trust Portfolios L.P. sold down below 5% and stopped reporting.
Original document → -
Jan 6, 2026
Sit Investment raised its stake to 12.8% (from 5.6%), as a passive investor.
Original document → -
Nov 14, 2025
1607 Capital raised its stake to 5.4% (from 1.6%), as a passive investor.
Original document → -
Oct 17, 2025
First Trust Portfolios L.P. cut its stake to 9.7% (from 13.3%), as a passive investor.
Original document → -
July 28, 2025
First Trust Portfolios L.P. cut its stake to 13.3% (from 14.4%), as a passive investor.
Original document → -
July 7, 2025
Sit Investment raised its stake to 5.6% (from 2.7%), as a passive investor.
Original document → -
April 30, 2025
UBS Group AG now owns 5.8%, as a passive investor.
Original document → -
April 16, 2025
First Trust Portfolios L.P. cut its stake to 14.4% (from 15.9%), as a passive investor.
Original document → -
Feb 13, 2025
1607 Capital sold down below 5% and stopped reporting.
Original document → -
Jan 8, 2025
The buy-back ended; the fund paid $18.15 a share.
Original document → -
Jan 3, 2025
Sit Investment sold down below 5% and stopped reporting.
Original document → -
Dec 6, 2024
Karpus sold down below 5% and stopped reporting.
Original document → -
Nov 14, 2024
1607 Capital cut its stake to 5.3% (from 5.4%), as a passive investor.
Original document → -
Nov 13, 2024
Karpus now owns 5.4%, as a passive investor.
Original document → -
Nov 7, 2024
First Trust Portfolios L.P. now owns 15.9%, as a passive investor.
Original document → -
Nov 5, 2024
Allspring Global Investments Holdings, LLC sold down below 5% and stopped reporting.
Original document → -
Oct 7, 2024
Allspring Global Investments Holdings, LLC now owns 5.2%, as a passive investor.
Original document → -
March 11, 2024
1607 Capital cut its stake to 5.4% (from 12.5%), as a passive investor.
Original document → -
Feb 8, 2024
1607 Capital now owns 12.5%, as a passive investor.
Original document → -
Feb 7, 2024
Sit Investment now owns 6.6%, as a passive investor.
Original document →
About this fund
- Run by Franklin Templeton Fund Adviser, LLC. Part of the FRANKLIN TEMPLETON fund family. As of Nov 30, 2025, from the fund's yearly report. Original document →
- Size: about $102 million of holdings, as of Aug 31, 2026. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
- Borrowing: the fund does not borrow. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
- Costs: 0.7% a year in management fees; 0.9% a year in total, including interest on borrowed money. Fiscal year ended Nov 30, 2025.
As of Nov 30, 2025, from the fund's yearly report. Original document →
Among the 90 funds we follow that invest in bonds, 9 charge a lower management fee and 4 charge less in total, at their last yearly reports. Both numbers are measured against the fund's own money, not the money it borrows on top, so a fund that borrows more shows higher costs on both counts. - Payouts: last fiscal year (ended Nov 30, 2025) the fund paid $0.85 a share, all of it income. Most funds announce their monthly or quarterly payout on their own website, not in a filing with the regulator, so a cut or a raise there does not show up here until the next yearly report. A few funds do file a notice about a fixed payout; those appear under What happened, and when. As of Nov 30, 2025, from the fund's annual report. Original document →
- Value of holdings per share at the last fiscal year end (Nov 30, 2025): $17.72. The shares traded at $16.50, about 6.9% below that. As of Nov 30, 2025, from the fund's yearly report. Original document →
- How the holdings did: up 0.8% over the last three months we have (June-Aug 2026), before the share price is taken into account. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
- First reported to the regulator in 2009.
How this has changed
- Payouts per share: $0.85 in the fiscal year ended Nov 30, 2025; $0.84 in the year ended Nov 30, 2024; $0.80 in the year ended Nov 30, 2023.As of Nov 30, 2025, from the fund's annual report. Original document →
- Of that, your own money back rather than income: none in the year ended Nov 30, 2025; $0.01 in the year ended Nov 30, 2024; none in the year ended Nov 30, 2023.As of Nov 30, 2025, from the fund's annual report. Original document →
- Costs, including interest on borrowed money: 0.93% a year in the fiscal year ended Nov 30, 2025; 0.84% a year in the year ended Nov 30, 2024; 0.74% a year in the year ended Nov 30, 2023.As of Nov 30, 2025, from the fund's annual report. Original document →
- Size of the holdings: about $106 million at Nov 28, 2025; $105 million at Nov 29, 2024; $185 million at Nov 30, 2023. From the fund's quarterly holdings reports. Original documents: Nov 28, 2025 →, Nov 29, 2024 →, Nov 30, 2023 →.
- Borrowing: none at Nov 28, 2025; 2% at Nov 29, 2024; none at Nov 30, 2023. From the fund's quarterly holdings reports. Original documents: Nov 28, 2025 →, Nov 29, 2024 →, Nov 30, 2023 →.
- The fund had about 5.98 million shares at Nov 30, 2025, down 44.8% from Nov 30, 2023.As of Nov 30, 2025, from the fund's annual report. Original document →
In between, the fund bought back shares. Original document →
What these lines mean: a payout that is your own money back, what a fund costs, borrowing.
What a holder made
- The year ended Nov 30, 2025: the shares returned +3.7%, counting payouts; the holdings +5.9%. The holdings figure is what the fund's investments earned, before the share price is taken into account. As of Nov 30, 2025, from the fund's annual report. Original document →
- The year ended Nov 30, 2024: the shares returned +7.6%, counting payouts; the holdings +8%. As of Nov 30, 2024, from the fund's annual report. Original document →
- The year ended Nov 30, 2023: the shares returned +4.2%, counting payouts; the holdings +3.8%. As of Nov 30, 2023, from the fund's annual report. Original document →
- The year ended Nov 30, 2022: the shares returned -21.8%, counting payouts; the holdings -16.2%. As of Nov 30, 2022, from the fund's annual report. Original document →
- The year ended Nov 30, 2021: the shares returned +6.7%, counting payouts; the holdings +0.8%. As of Nov 30, 2021, from the fund's annual report. Original document →
- Those five years together: the shares returned -3%. $10,000 of shares bought at the start (Dec 1, 2020) would have become about $9,700 by Nov 30, 2025, with every payout counted, before tax. As of Nov 30, 2025, from the fund's annual report. Original document →
- The holdings over the last twelve months we have, to Aug 31, 2026: +2%. The quarterly reports carry no share price, so this is the holdings alone. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
- Of the 61 funds that invest in bonds with a fiscal year ending within six months of this one, 43 reported a higher share return for that year and 17 a lower one. As of Nov 30, 2025, from the fund's annual report. Original document →
- A past year says nothing about the next one. All figures are the fund's own, from its reports to the regulator.
Why the shares and the holdings can differ: the gap between price and value. Why payouts count: a payout that is your own money back.
What the fund holds
Mostly bonds (96%), the rest cash and short-term holdings and loans. About 80% issued in the U.S.
- Goldman Sachs Group - 2.1%
- Comcast, Cmcsa 6.4 05/15/38 - 1.5%
- Cash and short-term - 1.3%
- Southern Natural Gas Company LLC, Songas 8 03/01/32 - 1.1%
- British Telecommunications PLC, Britel 9.625 12/15/30 - 1%
- Conocophillips, Cop 6.5 02/01/39 - 0.9%
- Jp Morgan Chase & Company, JPM 6.4 05/15/38 - 0.9%
- Bank of America, Bac 5.875 02/07/42 Mtn - 0.8%
- Boeing Company, Ba 6.528 05/01/34 - 0.8%
- Charles Schwab, Schw V6.136 08/24/34 - 0.7%
Show all 24
- Teachers Insurance & Annuity Association of America, Tiaagl 6.85 12/16/39 144A - 0.7%
- Amgen, Amgn 5.25 03/02/33 - 0.7%
- Wyeth LLC, Pfe 5.95 04/01/37 - 0.7%
- HSBC Holdings PLC, HSBC V6.254 03/09/34 - 0.6%
- Verizon Communications, Vz 5.5 03/16/47 - 0.6%
- Royal Caribbean Cruises, Rcl 3.7 03/15/28 - 0.6%
- Berkshire Hathaway Energy Company, Brkhec 6.125 04/01/36 - 0.6%
- Morgan Stanley, Ms V5.073 01/30/37 - 0.6%
- Kinder Morgan, Kmi 7.8 08/01/31 Gmtn - 0.6%
- Volkswagen Group of America Finance LLC, Vw 5.25 03/22/29 144A - 0.6%
- Occidental Petroleum, Oxy 7.875 09/15/31 - 0.5%
- Ci Financial, Cixcn 7.5 05/30/29 144A - 0.5%
- Amazon.Com, Amzn 5.3 07/09/36 - 0.5%
- AT&T, T 5.375 08/15/35 - 0.5%
As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
Details: all notices, events and fund facts
| Date | Investor | Stake | Type of notice |
|---|---|---|---|
| Aug 14, 2026 | 1607 Capital | 5.5% | Updated notice |
| Aug 14, 2026 | Karpus | 8.8% | Updated notice |
| May 15, 2026 | 1607 Capital | 6.8% | Updated notice |
| May 14, 2026 | Karpus | 6.4% | Passive investor |
| May 7, 2026 | UBS Group AG | not stated | Updated notice |
| Jan 30, 2026 | First Trust Portfolios L.P. | 4.9% | Sold down below 5% |
| Jan 6, 2026 | Sit Investment | 12.8% | Updated notice |
| Nov 14, 2025 | 1607 Capital | 5.4% | Passive investor |
| Oct 17, 2025 | First Trust Portfolios L.P. | 9.7% | Updated notice |
| July 28, 2025 | First Trust Portfolios L.P. | 13.3% | Updated notice |
| July 7, 2025 | Sit Investment | 5.6% | Passive investor |
| April 30, 2025 | UBS Group AG | 5.8% | Passive investor |
| April 16, 2025 | First Trust Portfolios L.P. | 14.4% | Updated notice |
| Feb 13, 2025 | 1607 Capital | 1.6% | Sold down below 5% |
| Jan 3, 2025 | Sit Investment | 2.7% | Sold down below 5% |
| Dec 6, 2024 | Karpus | 0% | Sold down below 5% |
| Nov 14, 2024 | 1607 Capital | 5.3% | Updated notice |
| Nov 13, 2024 | Karpus | 5.4% | Passive investor |
| Nov 7, 2024 | First Trust Portfolios L.P. | 15.9% | Updated notice |
| Nov 5, 2024 | Allspring Global Investments Holdings, LLC | 0% | Sold down below 5% |
| Oct 7, 2024 | Allspring Global Investments Holdings, LLC | 5.2% | Passive investor |
| March 11, 2024 | 1607 Capital | 5.4% | Updated notice |
| Feb 8, 2024 | 1607 Capital | 12.5% | Updated notice |
| Feb 7, 2024 | Sit Investment | 6.6% | Updated notice |
| Date | What | Deadline | Document |
|---|---|---|---|
| Jan 8, 2025 | Buy-back results | none | Original document → |
- Run by
- Franklin Templeton Fund Adviser, LLC
- Fund family
- FRANKLIN TEMPLETON
- Exchange
- New York Stock Exchange
- Regulator's file number
- 811-22294
- Auditor
- PricewaterhouseCoopers LLP
- Fiscal year end
- Nov 30, 2025
- Number of holdings
- 416
- Preferred share classes
- none
See this fund's page at the SEC →
Email me when something new is filed for IGI
Free. One email when a large investor files a notice, or when the fund announces a buy-back, a vote or a closing - usually within a day. No password. Most funds announce payout changes on their own website, where we do not look.