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NPORT-EX 2 LMF4100LM043023.htm HTML

WESTERN ASSET INVESTMENT GRADE DEFINED OPPORTUNITY TRUST INC.


Schedule of investments (unaudited)		February 28, 2023

(Percentages shown based on Fund net assets)


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
CORPORATE BONDS & NOTES - 95.3%
COMMUNICATION SERVICES - 10.9%
Diversified Telecommunication Services - 2.7%
AT&T Inc., Senior Notes		4.500	%		5/15/35		370,000	$	333,113
AT&T Inc., Senior Notes		4.900	%		6/15/42		250,000		223,454
AT&T Inc., Senior Notes		4.800	%		6/15/44		290,000		254,129
AT&T Inc., Senior Notes		4.500	%		3/9/48		422,000		347,495
AT&T Inc., Senior Notes		3.300	%		2/1/52		190,000		130,196
AT&T Inc., Senior Notes		3.500	%		9/15/53		180,000		123,721
AT&T Inc., Senior Notes		3.800	%		12/1/57		150,000		105,446
AT&T Inc., Senior Notes		3.500	%		2/1/61		260,000		173,108
British Telecommunications PLC, Senior Notes		9.625	%		12/15/30		1,550,000		1,876,706
Telefonica Emisiones SA, Senior Notes		7.045	%		6/20/36		140,000		148,011
Verizon Communications Inc., Senior Notes		4.329	%		9/21/28		218,000		208,992
Verizon Communications Inc., Senior Notes		5.500	%		3/16/47		1,130,000		1,100,128
Verizon Communications Inc., Senior Notes		3.700	%		3/22/61		100,000		70,378

Total Diversified Telecommunication Services									5,094,877

Entertainment - 2.6%
Walt Disney Co., Senior Notes		6.650	%		11/15/37		2,400,000		2,723,205
Warnermedia Holdings Inc., Senior Notes		5.141	%		3/15/52		2,830,000		2,220,310	^(a)

Total Entertainment									4,943,515

Media - 4.6%
CCO Holdings LLC/CCO Holdings Capital Corp., Senior Notes		4.500	%		5/1/32		910,000		721,175
Charter Communications Operating LLC/Charter Communications Operating Capital Corp., Senior Secured Notes		6.384	%		10/23/35		180,000		172,971
Charter Communications Operating LLC/Charter Communications Operating Capital Corp., Senior Secured Notes		3.500	%		3/1/42		120,000		77,518
Charter Communications Operating LLC/Charter Communications Operating Capital Corp., Senior Secured Notes		6.484	%		10/23/45		420,000		380,485
Charter Communications Operating LLC/Charter Communications Operating Capital Corp., Senior Secured Notes		5.375	%		5/1/47		560,000		446,742
Charter Communications Operating LLC/Charter Communications Operating Capital Corp., Senior Secured Notes		5.750	%		4/1/48		110,000		91,992

See Notes to Schedule of Investments.

Western Asset Investment Grade Defined Opportunity Trust Inc. 2023 Quarterly Report

WESTERN ASSET INVESTMENT GRADE DEFINED OPPORTUNITY TRUST INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2023

(Percentages shown based on Fund net assets)


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Media - (continued)
Charter Communications Operating LLC/Charter Communications Operating Capital Corp., Senior Secured Notes		5.250	%		4/1/53		250,000	$	195,714
Charter Communications Operating LLC/Charter Communications Operating Capital Corp., Senior Secured Notes		3.950	%		6/30/62		120,000		72,050
Charter Communications Operating LLC/Charter Communications Operating Capital Corp., Senior Secured Notes		5.500	%		4/1/63		330,000		256,783
Comcast Corp., Senior Notes		6.400	%		5/15/38		2,500,000		2,733,231
DISH DBS Corp., Senior Secured Notes		5.750	%		12/1/28		250,000		200,169	^(a)
Fox Corp., Senior Notes		5.476	%		1/25/39		810,000		745,423
Paramount Global, Senior Notes		5.250	%		4/1/44		80,000		61,988
Time Warner Cable Enterprises LLC, Senior Secured Notes		8.375	%		3/15/23		1,170,000		1,170,900
Time Warner Cable Enterprises LLC, Senior Secured Notes		8.375	%		7/15/33		370,000		415,982
Time Warner Cable LLC, Senior Secured Notes		6.550	%		5/1/37		370,000		354,786
Time Warner Cable LLC, Senior Secured Notes		7.300	%		7/1/38		330,000		331,135
Time Warner Cable LLC, Senior Secured Notes		6.750	%		6/15/39		20,000		19,240
Time Warner Cable LLC, Senior Secured Notes		5.500	%		9/1/41		200,000		168,586

Total Media									8,616,870

Wireless Telecommunication Services - 1.0%
Sprint LLC, Senior Notes		7.875	%		9/15/23		120,000		121,229
Sprint LLC, Senior Notes		7.125	%		6/15/24		230,000		233,105
Telefonica Europe BV, Senior Notes		8.250	%		9/15/30		390,000		442,107
T-Mobile USA Inc., Senior Notes		4.375	%		4/15/40		100,000		85,071
T-Mobile USA Inc., Senior Notes		3.000	%		2/15/41		100,000		69,659
T-Mobile USA Inc., Senior Notes		4.500	%		4/15/50		330,000		274,073
T-Mobile USA Inc., Senior Notes		3.400	%		10/15/52		360,000		245,222
Vodafone Group PLC, Senior Notes		5.250	%		5/30/48		320,000		296,092
Vodafone Group PLC, Senior Notes		4.250	%		9/17/50		20,000		15,723

Total Wireless Telecommunication Services									1,782,281

TOTAL COMMUNICATION SERVICES									20,437,543

CONSUMER DISCRETIONARY - 5.1%
Automobiles - 1.1%
Ford Motor Co., Senior Notes		3.250	%		2/12/32		470,000		356,837
Ford Motor Credit Co. LLC, Senior Notes		2.700	%		8/10/26		630,000		549,025
General Motors Co., Senior Notes		6.125	%		10/1/25		300,000		303,344

See Notes to Schedule of Investments.

Western Asset Investment Grade Defined Opportunity Trust Inc. 2023 Quarterly Report

WESTERN ASSET INVESTMENT GRADE DEFINED OPPORTUNITY TRUST INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2023

(Percentages shown based on Fund net assets)


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Automobiles - (continued)
General Motors Co., Senior Notes		6.600	%		4/1/36		290,000	$	289,977
General Motors Co., Senior Notes		6.750	%		4/1/46		580,000		572,512

Total Automobiles									2,071,695

Hotels, Restaurants & Leisure - 2.1%
Genting New York LLC/GENNY Capital Inc., Senior Notes		3.300	%		2/15/26		740,000		647,424	^(a)
Marriott International Inc., Senior Notes		3.600	%		4/15/24		320,000		313,353
McDonald’s Corp., Senior Notes		4.700	%		12/9/35		260,000		246,450
McDonald’s Corp., Senior Notes		4.875	%		12/9/45		370,000		337,605
Melco Resorts Finance Ltd., Senior Notes		5.375	%		12/4/29		590,000		490,296	^(a)
Sands China Ltd., Senior Notes		5.625	%		8/8/25		690,000		669,450
Sands China Ltd., Senior Notes		5.900	%		8/8/28		200,000		189,522
Sands China Ltd., Senior Notes		4.875	%		6/18/30		220,000		192,119
Sands China Ltd., Senior Notes		3.750	%		8/8/31		510,000		403,335
Wynn Macau Ltd., Senior Notes		5.500	%		10/1/27		370,000		325,964	^(a)

Total Hotels, Restaurants & Leisure									3,815,518

Household Durables - 0.4%
Lennar Corp., Senior Notes		5.000	%		6/15/27		290,000		284,139
MDC Holdings Inc., Senior Notes		2.500	%		1/15/31		300,000		221,349
MDC Holdings Inc., Senior Notes		6.000	%		1/15/43		310,000		262,934

Total Household Durables									768,422

Internet & Direct Marketing Retail - 0.4%
Amazon.com Inc., Senior Notes		3.875	%		8/22/37		410,000		362,563
Amazon.com Inc., Senior Notes		3.950	%		4/13/52		520,000		437,052

Total Internet & Direct Marketing Retail									799,615

Specialty Retail - 1.1%
Home Depot Inc., Senior Notes		3.900	%		12/6/28		930,000		890,401
Home Depot Inc., Senior Notes		3.300	%		4/15/40		100,000		79,733
Home Depot Inc., Senior Notes		3.350	%		4/15/50		80,000		59,419
Home Depot Inc., Senior Notes		3.625	%		4/15/52		420,000		321,917
Lithia Motors Inc., Senior Notes		4.625	%		12/15/27		170,000		154,511	^(a)
Lithia Motors Inc., Senior Notes		3.875	%		6/1/29		300,000		250,964	^(a)
Lowe’s Cos. Inc., Senior Notes		4.250	%		4/1/52		440,000		346,829

Total Specialty Retail									2,103,774

TOTAL CONSUMER DISCRETIONARY									9,559,024

See Notes to Schedule of Investments.

Western Asset Investment Grade Defined Opportunity Trust Inc. 2023 Quarterly Report

WESTERN ASSET INVESTMENT GRADE DEFINED OPPORTUNITY TRUST INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2023

(Percentages shown based on Fund net assets)


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
CONSUMER STAPLES - 3.2%
Beverages - 1.0%
Anheuser-Busch InBev Worldwide Inc., Senior Notes		4.600	%		4/15/48		1,730,000	$	1,531,140
Coca-Cola Co., Senior Notes		4.125	%		3/25/40		290,000		258,369
Coca-Cola Co., Senior Notes		4.200	%		3/25/50		160,000		147,746

Total Beverages									1,937,255

Food Products - 0.2%
Kraft Heinz Foods Co., Senior Notes		5.000	%		6/4/42		160,000		145,443
Mars Inc., Senior Notes		3.200	%		4/1/30		220,000		198,342	^(a)

Total Food Products									343,785

Tobacco - 2.0%
Altria Group Inc., Senior Notes		3.800	%		2/14/24		290,000		285,201
Altria Group Inc., Senior Notes		4.400	%		2/14/26		500,000		489,607
Altria Group Inc., Senior Notes		4.800	%		2/14/29		1,360,000		1,305,505
Altria Group Inc., Senior Notes		3.875	%		9/16/46		80,000		53,687
Imperial Brands Finance PLC, Senior Notes		6.125	%		7/27/27		510,000		514,508	^(a)
Reynolds American Inc., Senior Notes		8.125	%		5/1/40		470,000		525,045
Reynolds American Inc., Senior Notes		7.000	%		8/4/41		510,000		509,312

Total Tobacco									3,682,865

TOTAL CONSUMER STAPLES									5,963,905

ENERGY - 13.0%
Energy Equipment & Services - 0.4%
Halliburton Co., Senior Notes		5.000	%		11/15/45		930,000		823,056

Oil, Gas & Consumable Fuels - 12.6%
Apache Corp., Senior Notes		6.000	%		1/15/37		84,000		77,650
Apache Corp., Senior Notes		5.100	%		9/1/40		60,000		49,432
Apache Corp., Senior Notes		5.250	%		2/1/42		160,000		129,884
Apache Corp., Senior Notes		4.750	%		4/15/43		670,000		513,303
Cameron LNG LLC, Senior Secured Notes		3.302	%		1/15/35		40,000		33,357	^(a)
Cameron LNG LLC, Senior Secured Notes		3.701	%		1/15/39		50,000		41,007	^(a)
Cheniere Energy Partners LP, Senior Notes		3.250	%		1/31/32		360,000		288,920
Chevron USA Inc., Senior Notes		5.250	%		11/15/43		240,000		241,286
ConocoPhillips, Senior Notes		6.500	%		2/1/39		1,500,000		1,692,535
Continental Resources Inc., Senior Notes		4.500	%		4/15/23		510,000		509,182
Continental Resources Inc., Senior Notes		2.268	%		11/15/26		130,000		113,356	^(a)
Continental Resources Inc., Senior Notes		4.375	%		1/15/28		430,000		398,675
Continental Resources Inc., Senior Notes		2.875	%		4/1/32		180,000		136,211	^(a)
Continental Resources Inc., Senior Notes		4.900	%		6/1/44		140,000		104,917
Coterra Energy Inc., Senior Notes		3.900	%		5/15/27		250,000		234,446
Devon Energy Corp., Senior Notes		5.850	%		12/15/25		560,000		564,074
Devon Energy Corp., Senior Notes		4.500	%		1/15/30		116,000		108,030
Devon Energy Corp., Senior Notes		5.600	%		7/15/41		20,000		18,468

See Notes to Schedule of Investments.

Western Asset Investment Grade Defined Opportunity Trust Inc. 2023 Quarterly Report

WESTERN ASSET INVESTMENT GRADE DEFINED OPPORTUNITY TRUST INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2023

(Percentages shown based on Fund net assets)


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Oil, Gas & Consumable Fuels - (continued)
Devon Energy Corp., Senior Notes		5.000	%		6/15/45		210,000	$	178,168
Diamondback Energy Inc., Senior Notes		6.250	%		3/15/53		370,000		364,212
Ecopetrol SA, Senior Notes		5.875	%		5/28/45		404,000		266,816
Energy Transfer LP, Junior Subordinated Notes (6.750% to 5/15/25 then 5 year Treasury Constant Maturity Rate + 5.134%)		6.750	%		5/15/25		330,000		305,663	^(b)(c)
Energy Transfer LP, Junior Subordinated Notes (7.125% to 5/15/30 then 5 year Treasury Constant Maturity Rate + 5.306%)		7.125	%		5/15/30		880,000		784,520	^(b)(c)
Energy Transfer LP, Senior Notes		4.200	%		9/15/23		510,000		506,581
Energy Transfer LP, Senior Notes		3.900	%		7/15/26		630,000		595,077
Energy Transfer LP, Senior Notes		5.250	%		4/15/29		20,000		19,527
Energy Transfer LP, Senior Notes		6.625	%		10/15/36		20,000		20,405
Energy Transfer LP, Senior Notes		5.800	%		6/15/38		60,000		56,463
Enterprise Products Operating LLC, Senior Notes		4.250	%		2/15/48		400,000		324,544
Enterprise Products Operating LLC, Senior Notes		3.300	%		2/15/53		230,000		156,240
Enterprise Products Operating LLC, Senior Notes		3.950	%		1/31/60		210,000		154,338
Enterprise Products Operating LLC, Senior Notes (5.375% to 2/15/28 then 3 mo. USD LIBOR + 2.570%)		5.375	%		2/15/78		700,000		586,250	^(c)
EOG Resources Inc., Senior Notes		4.375	%		4/15/30		370,000		356,069
Exxon Mobil Corp., Senior Notes		4.227	%		3/19/40		220,000		197,895
Florida Gas Transmission Co. LLC, Senior Notes		2.300	%		10/1/31		820,000		645,013	^(a)
KazMunayGas National Co. JSC, Senior Notes		3.500	%		4/14/33		240,000		180,087	^(a)
Kinder Morgan Inc., Senior Notes		7.800	%		8/1/31		900,000		1,002,428
MPLX LP, Senior Notes		4.500	%		4/15/38		600,000		512,832
Occidental Petroleum Corp., Senior Notes		7.875	%		9/15/31		710,000		771,958
Occidental Petroleum Corp., Senior Notes		4.400	%		4/15/46		10,000		7,683
Parsley Energy LLC/Parsley Finance Corp., Senior Notes		4.125	%		2/15/28		330,000		302,194	^(a)
Petrobras Global Finance BV, Senior Notes		7.375	%		1/17/27		530,000		542,874
Petrobras Global Finance BV, Senior Notes		5.500	%		6/10/51		160,000		120,376
Petroleos Mexicanos, Senior Notes		6.875	%		8/4/26		730,000		698,018
Petroleos Mexicanos, Senior Notes		6.625	%		6/15/35		460,000		338,176
Southern Natural Gas Co. LLC, Senior Notes		8.000	%		3/1/32		1,500,000		1,671,474
Southwestern Energy Co., Senior Notes		4.750	%		2/1/32		90,000		77,436
Targa Resources Corp., Senior Notes		4.950	%		4/15/52		260,000		208,252
Transcontinental Gas Pipe Line Co. LLC, Senior Notes		7.850	%		2/1/26		760,000		806,123

See Notes to Schedule of Investments.

Western Asset Investment Grade Defined Opportunity Trust Inc. 2023 Quarterly Report

WESTERN ASSET INVESTMENT GRADE DEFINED OPPORTUNITY TRUST INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2023

(Percentages shown based on Fund net assets)


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Oil, Gas & Consumable Fuels - (continued)
Transcontinental Gas Pipe Line Co. LLC, Senior Notes		7.250	%		12/1/26		180,000	$	187,941
Transcontinental Gas Pipe Line Co. LLC, Senior Notes		3.250	%		5/15/30		230,000		200,420
Transcontinental Gas Pipe Line Co. LLC, Senior Notes		5.400	%		8/15/41		10,000		9,640
Transcontinental Gas Pipe Line Co. LLC, Senior Notes		4.450	%		8/1/42		860,000		741,100
Transcontinental Gas Pipe Line Co. LLC, Senior Notes		3.950	%		5/15/50		30,000		23,291
Western Midstream Operating LP, Senior Notes		4.650	%		7/1/26		1,560,000		1,483,669
Western Midstream Operating LP, Senior Notes		4.750	%		8/15/28		890,000		826,276
Western Midstream Operating LP, Senior Notes		4.300	%		2/1/30		140,000		124,171
Western Midstream Operating LP, Senior Notes		5.450	%		4/1/44		120,000		101,454
Western Midstream Operating LP, Senior Notes		5.500	%		2/1/50		430,000		351,619
Williams Cos. Inc., Senior Notes		4.550	%		6/24/24		1,130,000		1,114,764
Williams Cos. Inc., Senior Notes		7.750	%		6/15/31		62,000		68,103
Williams Cos. Inc., Senior Notes		8.750	%		3/15/32		148,000		176,024
Williams Cos. Inc., Senior Notes		3.500	%		10/15/51		70,000		47,871

Total Oil, Gas & Consumable Fuels									23,468,768

TOTAL ENERGY									24,291,824

FINANCIALS - 32.6%
Banks - 18.4%
Banco Mercantil del Norte SA, Junior Subordinated Notes (7.500% to 6/27/29 then 10 year Treasury Constant Maturity Rate + 5.470%)		7.500	%		6/27/29		200,000		187,700	^(a)(b)(c)
Banco Mercantil del Norte SA, Junior Subordinated Notes (7.625% to 1/10/28 then 10 year Treasury Constant Maturity Rate + 5.353%)		7.625	%		1/10/28		400,000		378,314	^(a)(b)(c)
Banco Mercantil del Norte SA, Junior Subordinated Notes (8.375% to 10/14/30 then 10 year Treasury Constant Maturity Rate + 7.760%)		8.375	%		10/14/30		200,000		196,849	^(a)(b)(c)
Bank of America Corp., Junior Subordinated Notes (6.100% to 3/17/25 then 3 mo. USD LIBOR + 3.898%)		6.100	%		3/17/25		590,000		585,575	^(b)(c)
Bank of America Corp., Junior Subordinated Notes (6.250% to 9/5/24 then 3 mo. USD LIBOR + 3.705%)		6.250	%		9/5/24		880,000		882,200	^(b)(c)

See Notes to Schedule of Investments.

Western Asset Investment Grade Defined Opportunity Trust Inc. 2023 Quarterly Report

WESTERN ASSET INVESTMENT GRADE DEFINED OPPORTUNITY TRUST INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2023

(Percentages shown based on Fund net assets)


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Banks - (continued)
Bank of America Corp., Junior Subordinated Notes (6.500% to 10/23/24 then 3 mo. USD LIBOR + 4.174%)		6.500	%		10/23/24		400,000	$	398,800	^(b)(c)
Bank of America Corp., Senior Notes		5.875	%		2/7/42		1,340,000		1,397,092
Bank of America Corp., Senior Notes (2.572% to 10/20/31 then SOFR + 1.210%)		2.572	%		10/20/32		230,000		183,228	^(c)
Bank of America Corp., Senior Notes (4.083% to 3/20/50 then 3 mo. USD LIBOR + 3.150%)		4.083	%		3/20/51		250,000		201,083	^(c)
Bank of America Corp., Senior Notes (4.271% to 7/23/28 then 3 mo. USD LIBOR + 1.310%)		4.271	%		7/23/29		690,000		648,064	^(c)
Bank of America Corp., Subordinated Notes		7.750	%		5/14/38		670,000		792,082
Bank of Nova Scotia, Subordinated Notes (4.588% to 5/4/32 then 5 year Treasury Constant Maturity Rate + 2.050%)		4.588	%		5/4/37		560,000		490,324	^(c)
Barclays PLC, Junior Subordinated Notes (6.125% to 6/15/26 then 5 year Treasury Constant Maturity Rate + 5.867%)		6.125	%		12/15/25		1,660,000		1,565,795	^(b)(c)
Barclays PLC, Junior Subordinated Notes (7.750% to 9/15/23 then USD 5 year ICE Swap Rate + 4.842%)		7.750	%		9/15/23		320,000		318,400	^(b)(c)
Barclays PLC, Subordinated Notes (5.088% to 6/20/29 then 3 mo. USD LIBOR + 3.054%)		5.088	%		6/20/30		500,000		463,584	^(c)
BNP Paribas SA, Junior Subordinated Notes (7.375% to 8/19/25 then USD 5 year ICE Swap Rate + 5.150%)		7.375	%		8/19/25		1,520,000		1,513,244	^(a)(b)(c)
Citigroup Inc., Junior Subordinated Notes (6.250% to 8/15/26 then 3 mo. USD LIBOR + 4.517%)		6.250	%		8/15/26		1,100,000		1,098,669	^(b)(c)
Citigroup Inc., Junior Subordinated Notes (6.300% to 5/15/24 then 3 mo. USD LIBOR + 3.423%)		6.300	%		5/15/24		1,350,000		1,323,000	^(b)(c)
Citigroup Inc., Senior Notes		8.125	%		7/15/39		752,000		953,946
Citigroup Inc., Senior Notes		4.650	%		7/23/48		780,000		700,899
Citigroup Inc., Senior Notes (3.785% to 3/17/32 then SOFR + 1.939%)		3.785	%		3/17/33		620,000		539,460	^(c)
Citigroup Inc., Subordinated Notes		4.600	%		3/9/26		490,000		477,389
Citigroup Inc., Subordinated Notes		4.125	%		7/25/28		1,990,000		1,863,451
Citigroup Inc., Subordinated Notes		6.675	%		9/13/43		630,000		695,464
Cooperatieve Rabobank UA, Senior Notes		5.750	%		12/1/43		250,000		251,960

See Notes to Schedule of Investments.

Western Asset Investment Grade Defined Opportunity Trust Inc. 2023 Quarterly Report

WESTERN ASSET INVESTMENT GRADE DEFINED OPPORTUNITY TRUST INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2023

(Percentages shown based on Fund net assets)


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Banks - (continued)
Cooperatieve Rabobank UA, Senior Notes (3.758% to 4/6/32 then 1 year Treasury Constant Maturity Rate + 1.420%)		3.758	%		4/6/33		550,000	$	478,838	^(a)(c)
Credit Agricole SA, Junior Subordinated Notes (8.125% to 12/23/25 then USD 5 year ICE Swap Rate + 6.185%)		8.125	%		12/23/25		1,370,000		1,389,162	^(a)(b)(c)
Danske Bank A/S, Senior Notes		5.375	%		1/12/24		530,000		528,590	^(a)
HSBC Holdings PLC, Junior Subordinated Notes (6.375% to 9/17/24 then USD 5 year ICE Swap Rate + 3.705%)		6.375	%		9/17/24		800,000		781,784	^(b)(c)
HSBC Holdings PLC, Junior Subordinated Notes (6.500% to 3/23/28 then USD 5 year ICE Swap Rate + 3.606%)		6.500	%		3/23/28		460,000		432,400	^(b)(c)
HSBC Holdings PLC, Senior Notes		4.950	%		3/31/30		200,000		192,881
HSBC Holdings PLC, Subordinated Notes (4.762% to 3/29/32 then SOFR + 2.530%)		4.762	%		3/29/33		470,000		422,646	^(c)
Intesa Sanpaolo SpA, Senior Notes		7.000	%		11/21/25		290,000		296,357	^(a)
Intesa Sanpaolo SpA, Senior Notes		4.700	%		9/23/49		200,000		152,359	^(a)
Intesa Sanpaolo SpA, Subordinated Notes (4.198% to 6/1/31 then 1 year Treasury Constant Maturity Rate + 2.600%)		4.198	%		6/1/32		200,000		150,856	^(a)(c)
Intesa Sanpaolo SpA, Subordinated Notes (4.950% to 6/1/41 then 1 year Treasury Constant Maturity Rate + 2.750%)		4.950	%		6/1/42		430,000		288,422	^(a)(c)
JPMorgan Chase & Co., Junior Subordinated Notes (6.000% to 8/1/23 then 3 mo. USD LIBOR + 3.300%)		6.000	%		8/1/23		700,000		699,811	^(b)(c)
JPMorgan Chase & Co., Senior Notes		6.400	%		5/15/38		1,500,000		1,644,312
JPMorgan Chase & Co., Subordinated Notes		5.625	%		8/16/43		760,000		758,998
Lloyds Banking Group PLC, Junior Subordinated Notes (6.750% to 6/27/26 then 5 year Treasury Constant Maturity Rate + 4.815%)		6.750	%		6/27/26		220,000		212,728	^(b)(c)
Lloyds Banking Group PLC, Junior Subordinated Notes (7.500% to 6/27/24 then USD 5 year ICE Swap Rate + 4.760%)		7.500	%		6/27/24		620,000		613,662	^(b)(c)
Lloyds Banking Group PLC, Junior Subordinated Notes (7.500% to 9/27/25 then USD 5 year ICE Swap Rate + 4.496%)		7.500	%		9/27/25		470,000		463,716	^(b)(c)
NatWest Group PLC, Subordinated Notes		6.100	%		6/10/23		840,000		839,748

See Notes to Schedule of Investments.

Western Asset Investment Grade Defined Opportunity Trust Inc. 2023 Quarterly Report

WESTERN ASSET INVESTMENT GRADE DEFINED OPPORTUNITY TRUST INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2023

(Percentages shown based on Fund net assets)


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Banks - (continued)
NatWest Group PLC, Subordinated Notes (3.754% to 11/1/24 then 5 year Treasury Constant Maturity Rate + 2.100%)		3.754	%		11/1/29		200,000	$	187,715	^(c)
NatWest Markets NV, Subordinated Notes		7.750	%		5/15/23		820,000		821,672
PNC Bank NA, Subordinated Notes		4.050	%		7/26/28		650,000		613,798
SVB Financial Group, Senior Notes (4.570% to 4/29/32 then SOFR + 1.967%)		4.570	%		4/29/33		800,000		722,912	^(c)
UniCredit SpA, Subordinated Notes (7.296% to 4/2/29 then USD 5 year ICE Swap Rate + 4.914%)		7.296	%		4/2/34		1,610,000		1,518,885	^(a)(c)
Wells Fargo & Co., Senior Notes (3.196% to 6/17/26 then 3 mo. USD LIBOR + 1.170%)		3.196	%		6/17/27		320,000		297,074	^(c)
Wells Fargo & Co., Senior Notes (4.611% to 4/25/52 then SOFR + 2.130%)		4.611	%		4/25/53		600,000		520,591	^(c)
Wells Fargo & Co., Senior Notes (5.013% to 4/4/50 then SOFR + 4.502%)		5.013	%		4/4/51		350,000		322,746	^(c)
Wells Fargo & Co., Subordinated Notes		4.400	%		6/14/46		420,000		344,810
Wells Fargo & Co., Subordinated Notes		4.750	%		12/7/46		530,000		455,333
Westpac Banking Corp., Subordinated Notes		4.421	%		7/24/39		170,000		142,912

Total Banks									34,402,290

Capital Markets - 7.6%
Charles Schwab Corp., Junior Subordinated
Notes (4.000% to 12/1/30 then 10 year Treasury
Constant Maturity Rate + 3.079%)		4.000	%		12/1/30		500,000		423,325	^(b)(c)
Charles Schwab Corp., Senior Notes		3.850	%		5/21/25		230,000		223,679
CI Financial Corp., Senior Notes		4.100	%		6/15/51		250,000		150,348
CME Group Inc., Senior Notes		5.300	%		9/15/43		750,000		766,049
Credit Suisse Group AG, Junior Subordinated Notes (5.250% to 8/11/27 then 5 year Treasury Constant Maturity Rate + 4.889%)		5.250	%		2/11/27		1,660,000		1,147,722	^(a)(b)(c)
Credit Suisse Group AG, Junior Subordinated Notes (9.750% to 12/23/27 then 5 year Treasury Constant Maturity Rate + 6.383%)		9.750	%		6/23/27		730,000		662,402	^(a)(b)(c)
Credit Suisse Group AG, Senior Notes (4.194% to 4/1/30 then SOFR + 3.730%)		4.194	%		4/1/31		400,000		317,517	^(a)(c)
Credit Suisse USA Inc., Senior Notes		7.125	%		7/15/32		70,000		72,054
Goldman Sachs Group Inc., Senior Notes		5.700	%		11/1/24		600,000		603,806
Goldman Sachs Group Inc., Senior Notes		6.250	%		2/1/41		2,550,000		2,732,273
Goldman Sachs Group Inc., Senior Notes (2.650% to 10/21/31 then SOFR + 1.264%)		2.650	%		10/21/32		630,000		502,682	^(c)

See Notes to Schedule of Investments.

Western Asset Investment Grade Defined Opportunity Trust Inc. 2023 Quarterly Report

WESTERN ASSET INVESTMENT GRADE DEFINED OPPORTUNITY TRUST INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2023

(Percentages shown based on Fund net assets)


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Capital Markets - (continued)
Goldman Sachs Group Inc., Senior Notes (3.615% to 3/15/27 then SOFR + 1.846%)		3.615	%		3/15/28		1,670,000	$	1,550,700	^(c)
Goldman Sachs Group Inc., Subordinated Notes		5.150	%		5/22/45		70,000		64,989
Intercontinental Exchange Inc., Senior Notes		4.950	%		6/15/52		390,000		368,563
Intercontinental Exchange Inc., Senior Notes		5.200	%		6/15/62		400,000		393,523
KKR Group Finance Co. III LLC, Senior Notes		5.125	%		6/1/44		1,300,000		1,143,418	^(a)
KKR Group Finance Co. VI LLC, Senior Notes		3.750	%		7/1/29		110,000		99,456	^(a)
KKR Group Finance Co. X LLC, Senior Notes		3.250	%		12/15/51		160,000		101,770	^(a)
Morgan Stanley, Senior Notes		6.375	%		7/24/42		140,000		154,034
Morgan Stanley, Senior Notes (1.928% to 4/28/31 then SOFR + 1.020%)		1.928	%		4/28/32		900,000		687,900	^(c)
Morgan Stanley, Subordinated Notes		4.350	%		9/8/26		500,000		481,075
Morgan Stanley, Subordinated Notes (5.297% to 4/20/32 then SOFR + 2.620%)		5.297	%		4/20/37		190,000		177,192	^(c)
Morgan Stanley, Subordinated Notes (5.948% to 1/19/33 then 5 year Treasury Constant Maturity Rate + 2.430%)		5.948	%		1/19/38		160,000		156,449	^(c)
Raymond James Financial Inc., Senior Notes		4.650	%		4/1/30		120,000		115,294
Raymond James Financial Inc., Senior Notes		4.950	%		7/15/46		150,000		137,007
UBS Group AG, Junior Subordinated Notes (7.000% to 1/31/24 then USD 5 year ICE Swap Rate + 4.344%)		7.000	%		1/31/24		920,000		917,868	^(a)(b)(c)

Total Capital Markets									14,151,095

Consumer Finance - 0.5%
Capital One Financial Corp., Senior Notes (5.817% to 2/1/33 then SOFR + 2.600%)		5.817	%		2/1/34		510,000		495,626	^(c)
Navient Corp., Senior Notes		6.125	%		3/25/24		480,000		476,962

Total Consumer Finance									972,588

Diversified Financial Services - 1.5%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, Senior Notes		4.500	%		9/15/23		530,000		526,454
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, Senior Notes		3.000	%		10/29/28		570,000		485,893
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, Senior Notes		3.850	%		10/29/41		530,000		388,565
Carlyle Finance LLC, Senior Notes		5.650	%		9/15/48		170,000		157,339	^(a)
Carlyle Finance Subsidiary LLC, Senior Notes		3.500	%		9/19/29		230,000		201,448	^(a)
Carlyle Holdings II Finance LLC, Senior Notes		5.625	%		3/30/43		360,000		330,013	^(a)

See Notes to Schedule of Investments.

Western Asset Investment Grade Defined Opportunity Trust Inc. 2023 Quarterly Report

WESTERN ASSET INVESTMENT GRADE DEFINED OPPORTUNITY TRUST INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2023

(Percentages shown based on Fund net assets)


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Diversified Financial Services - (continued)
ILFC E-Capital Trust I Ltd. GTD ((Highest of 3 mo. USD LIBOR, 10 year Treasury Constant Maturity Rate and 30 year Treasury Constant Maturity Rate) + 1.550%)		6.288	%		12/21/65		800,000	$	550,000	^(a)(c)
ILFC E-Capital Trust II, Ltd. GTD ((Highest of 3 mo. USD LIBOR, 10 year Treasury Constant Maturity Rate and 30 year Treasury Constant Maturity Rate) + 1.800%)		6.538	%		12/21/65		100,000		71,396	^(a)(c)

Total Diversified Financial Services									2,711,108

Insurance - 3.8%
Allianz SE, Junior Subordinated Notes (3.500% to 4/30/26 then 5 year Treasury Constant Maturity Rate + 2.973%)		3.500	%		11/17/25		200,000		170,391	^(a)(b)(c)
American International Group Inc., Senior Notes		4.750	%		4/1/48		80,000		71,426
Americo Life Inc., Senior Notes		3.450	%		4/15/31		120,000		91,763	^(a)
Everest Reinsurance Holdings Inc., Senior Notes		3.500	%		10/15/50		220,000		155,398
Fidelity & Guaranty Life Holdings Inc., Senior Notes		5.500	%		5/1/25		360,000		357,578	^(a)
Liberty Mutual Insurance Co., Subordinated Notes		7.875	%		10/15/26		840,000		895,918	^(a)
Marsh & McLennan Cos. Inc., Senior Notes		2.900	%		12/15/51		170,000		112,365
Massachusetts Mutual Life Insurance Co., Subordinated Notes		3.375	%		4/15/50		130,000		94,773	^(a)
Massachusetts Mutual Life Insurance Co., Subordinated Notes		4.900	%		4/1/77		420,000		366,273	^(a)
MetLife Inc., Junior Subordinated Notes		6.400	%		12/15/36		1,000,000		1,004,895
MetLife Inc., Junior Subordinated Notes		9.250	%		4/8/38		159,000		192,262	^(a)
Nationwide Mutual Insurance Co., Subordinated Notes		9.375	%		8/15/39		520,000		700,510	^(a)
New York Life Insurance Co., Subordinated Notes		4.450	%		5/15/69		140,000		117,884	^(a)
Northwestern Mutual Life Insurance Co., Subordinated Notes		3.625	%		9/30/59		180,000		127,626	^(a)
Prudential Financial Inc., Junior Subordinated Notes (5 year Treasury Constant Maturity Rate + 2.848%)		6.750	%		3/1/53		270,000		271,602	^(c)
Teachers Insurance & Annuity Association of America, Subordinated Notes		6.850	%		12/16/39		1,050,000		1,166,012	^(a)
Teachers Insurance & Annuity Association of America, Subordinated Notes		4.900	%		9/15/44		660,000		609,249	^(a)
Teachers Insurance & Annuity Association of America, Subordinated Notes		3.300	%		5/15/50		330,000		236,732	^(a)
Travelers Cos. Inc., Senior Notes		6.250	%		6/15/37		400,000		447,297

Total Insurance									7,189,954

See Notes to Schedule of Investments.

Western Asset Investment Grade Defined Opportunity Trust Inc. 2023 Quarterly Report

WESTERN ASSET INVESTMENT GRADE DEFINED OPPORTUNITY TRUST INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2023

(Percentages shown based on Fund net assets)


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Mortgage Real Estate Investment Trusts (REITs) - 0.6%
AFC Gamma Inc., Senior Notes		5.750	%		5/1/27		550,000	$	437,325	^(a)
Blackstone Holdings Finance Co. LLC, Senior Notes		6.200	%		4/22/33		700,000		719,117	^(a)

Total Mortgage Real Estate Investment Trusts (REITs)									1,156,442

Thrifts & Mortgage Finance - 0.2%
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer Inc., Senior Notes		2.875	%		10/15/26		230,000		198,707	^(a)
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer Inc., Senior Notes		4.000	%		10/15/33		220,000		162,844	^(a)

Total Thrifts & Mortgage Finance									361,551

TOTAL FINANCIALS									60,945,028

HEALTH CARE - 10.7%
Biotechnology - 2.0%
AbbVie Inc., Senior Notes		3.200	%		11/21/29		370,000		327,397
AbbVie Inc., Senior Notes		4.050	%		11/21/39		1,160,000		979,489
Amgen Inc., Senior Notes		5.250	%		3/2/33		1,160,000		1,152,379	^(d)
Amgen Inc., Senior Notes		5.650	%		3/2/53		460,000		456,540	^(d)
Amgen Inc., Senior Notes		5.750	%		3/2/63		160,000		157,915	^(d)
Gilead Sciences Inc., Senior Notes		5.650	%		12/1/41		100,000		102,654
Gilead Sciences Inc., Senior Notes		4.500	%		2/1/45		500,000		441,410
Gilead Sciences Inc., Senior Notes		4.750	%		3/1/46		100,000		90,428

Total Biotechnology									3,708,212

Health Care Equipment & Supplies - 0.7%
Abbott Laboratories, Senior Notes		4.900	%		11/30/46		200,000		196,851
Becton Dickinson and Co., Senior Notes		4.685	%		12/15/44		910,000		808,525
Becton Dickinson and Co., Senior Notes		4.669	%		6/6/47		450,000		396,070

Total Health Care Equipment & Supplies									1,401,446

Health Care Providers & Services - 6.8%
Centene Corp., Senior Notes		4.250	%		12/15/27		160,000		147,992
Centene Corp., Senior Notes		4.625	%		12/15/29		560,000		512,704
Centene Corp., Senior Notes		3.375	%		2/15/30		790,000		667,435
Centene Corp., Senior Notes		3.000	%		10/15/30		120,000		98,159
Cigna Corp., Senior Notes		4.125	%		11/15/25		540,000		525,379
Cigna Corp., Senior Notes		4.800	%		8/15/38		540,000		498,046

See Notes to Schedule of Investments.

Western Asset Investment Grade Defined Opportunity Trust Inc. 2023 Quarterly Report

WESTERN ASSET INVESTMENT GRADE DEFINED OPPORTUNITY TRUST INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2023

(Percentages shown based on Fund net assets)


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Health Care Providers & Services - (continued)
Cigna Corp., Senior Notes		3.200	%		3/15/40		220,000	$	164,888
CommonSpirit Health, Secured Notes		4.350	%		11/1/42		60,000		50,679
CVS Health Corp., Senior Notes		4.100	%		3/25/25		1,460,000		1,430,380
CVS Health Corp., Senior Notes		4.300	%		3/25/28		1,610,000		1,539,739
CVS Health Corp., Senior Notes		4.780	%		3/25/38		2,060,000		1,872,625
CVS Health Corp., Senior Notes		5.125	%		7/20/45		540,000		488,321
CVS Health Corp., Senior Notes		5.050	%		3/25/48		930,000		835,396
Dartmouth-Hitchcock Health, Secured Bonds		4.178	%		8/1/48		150,000		123,376
Elevance Health Inc., Senior Notes		5.350	%		10/15/25		500,000		500,664
Elevance Health Inc., Senior Notes		4.375	%		12/1/47		230,000		195,936
HCA Inc., Senior Notes		4.125	%		6/15/29		340,000		309,758
HCA Inc., Senior Notes		5.125	%		6/15/39		170,000		151,471
HCA Inc., Senior Notes		5.500	%		6/15/47		350,000		315,282
HCA Inc., Senior Notes		5.250	%		6/15/49		530,000		457,904
Humana Inc., Senior Notes		4.800	%		3/15/47		360,000		316,822
Inova Health System Foundation, Senior Notes		4.068	%		5/15/52		140,000		118,076
Kaiser Foundation Hospitals, Senior Notes		3.002	%		6/1/51		120,000		83,556
Orlando Health Obligated Group, Senior Notes		4.089	%		10/1/48		270,000		221,093
UnitedHealth Group Inc., Senior Notes		3.700	%		12/15/25		250,000		241,770
UnitedHealth Group Inc., Senior Notes		3.850	%		6/15/28		540,000		512,558
UnitedHealth Group Inc., Senior Notes		3.500	%		8/15/39		220,000		179,931
UnitedHealth Group Inc., Senior Notes		4.750	%		7/15/45		220,000		207,000

Total Health Care Providers & Services									12,766,940

Pharmaceuticals - 1.2%
Bausch Health Cos. Inc., Senior Notes		5.000	%		1/30/28		130,000		56,193	^(a)
Pfizer Inc., Senior Notes		7.200	%		3/15/39		560,000		682,352
Teva Pharmaceutical Finance Netherlands III BV, Senior Notes		7.125	%		1/31/25		200,000		202,711
Wyeth LLC, Senior Notes		5.950	%		4/1/37		1,100,000		1,180,450
Zoetis Inc., Senior Notes		4.700	%		2/1/43		40,000		36,122

Total Pharmaceuticals									2,157,828

TOTAL HEALTH CARE									20,034,426

INDUSTRIALS - 8.5%
Aerospace & Defense - 3.3%
Avolon Holdings Funding Ltd., Senior Notes		5.125	%		10/1/23		820,000		817,314	^(a)
Avolon Holdings Funding Ltd., Senior Notes		4.250	%		4/15/26		640,000		594,341	^(a)
Boeing Co., Senior Notes		3.100	%		5/1/26		1,740,000		1,620,835
Boeing Co., Senior Notes		3.250	%		2/1/28		580,000		525,513
Boeing Co., Senior Notes		5.705	%		5/1/40		330,000		314,717

See Notes to Schedule of Investments.

Western Asset Investment Grade Defined Opportunity Trust Inc. 2023 Quarterly Report

WESTERN ASSET INVESTMENT GRADE DEFINED OPPORTUNITY TRUST INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2023

(Percentages shown based on Fund net assets)


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Aerospace & Defense - (continued)
Boeing Co., Senior Notes		5.805	%		5/1/50		220,000	$	209,528
Hexcel Corp., Senior Notes		4.200	%		2/15/27		1,000,000		944,071
Huntington Ingalls Industries Inc., Senior Notes		3.483	%		12/1/27		320,000		292,764
L3Harris Technologies Inc., Senior Notes		4.854	%		4/27/35		430,000		408,555
Lockheed Martin Corp., Senior Notes		4.500	%		5/15/36		50,000		47,720
Lockheed Martin Corp., Senior Notes		4.700	%		5/15/46		200,000		189,317
Raytheon Technologies Corp., Senior Notes		4.625	%		11/16/48		180,000		163,640

Total Aerospace & Defense									6,128,315

Air Freight & Logistics - 0.4%
United Parcel Service Inc., Senior Notes		6.200	%		1/15/38		700,000		775,037

Airlines - 1.5%
American Airlines Inc./AAdvantage Loyalty IP Ltd., Senior Secured Notes		5.500	%		4/20/26		170,000		165,629	^(a)
American Airlines Inc./AAdvantage Loyalty IP Ltd., Senior Secured Notes		5.750	%		4/20/29		170,000		161,856	^(a)
Delta Air Lines Inc., Senior Notes		2.900	%		10/28/24		840,000		800,022
Delta Air Lines Inc., Senior Notes		3.750	%		10/28/29		230,000		197,497
Delta Air Lines Inc., Senior Secured Notes		7.000	%		5/1/25		420,000		428,873	^(a)
Delta Air Lines Inc./SkyMiles IP Ltd., Senior Secured Notes		4.500	%		10/20/25		358,000		347,925	^(a)
Delta Air Lines Inc./SkyMiles IP Ltd., Senior Secured Notes		4.750	%		10/20/28		210,000		199,626	^(a)
Southwest Airlines Co., Senior Notes		5.125	%		6/15/27		290,000		286,085
United Airlines Pass-Through Trust		4.875	%		1/15/26		231,520		224,634

Total Airlines									2,812,147

Building Products - 0.1%
Carrier Global Corp., Senior Notes		3.577	%		4/5/50		160,000		115,447

Commercial Services & Supplies - 0.2%
California Institute of Technology, Senior Notes		3.650	%		9/1/2119		180,000		123,795
Washington University, Senior Notes		3.524	%		4/15/54		150,000		119,218
Washington University, Senior Notes		4.349	%		4/15/2122		170,000		138,740

Total Commercial Services & Supplies									381,753

Industrial Conglomerates - 0.4%
General Electric Co., Senior Notes		6.875	%		1/10/39		143,000		161,103
Honeywell International Inc., Senior Notes		5.000	%		2/15/33		540,000		546,079

Total Industrial Conglomerates									707,182

Machinery - 0.2%
Caterpillar Inc., Senior Notes		4.750	%		5/15/64		360,000		341,281

See Notes to Schedule of Investments.

Western Asset Investment Grade Defined Opportunity Trust Inc. 2023 Quarterly Report

WESTERN ASSET INVESTMENT GRADE DEFINED OPPORTUNITY TRUST INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2023

(Percentages shown based on Fund net assets)


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Professional Services - 0.4%
Equifax Inc., Senior Notes		2.350	%		9/15/31		970,000	$	765,233

Road & Rail - 0.2%
Union Pacific Corp., Senior Notes		4.375	%		11/15/65		530,000		394,809
Union Pacific Corp., Senior Notes		3.750	%		2/5/70		30,000		21,917

Total Road & Rail									416,726

Trading Companies & Distributors - 1.8%
Air Lease Corp., Senior Notes		1.875	%		8/15/26		1,000,000		873,407
Air Lease Corp., Senior Notes		5.850	%		12/15/27		480,000		478,137
Air Lease Corp., Senior Notes		4.625	%		10/1/28		500,000		467,376
Aircastle Ltd., Senior Notes		5.250	%		8/11/25		1,000,000		975,780	^(a)
Aviation Capital Group LLC, Senior Notes		5.500	%		12/15/24		250,000		246,873	^(a)
Aviation Capital Group LLC, Senior Notes		4.125	%		8/1/25		340,000		319,597	^(a)

Total Trading Companies & Distributors									3,361,170

TOTAL INDUSTRIALS									15,804,291

INFORMATION TECHNOLOGY - 3.4%
Electronic Equipment, Instruments & Components - 0.3%
TD SYNNEX Corp., Senior Notes		1.250	%		8/9/24		600,000		561,736

IT Services - 0.3%
International Business Machines Corp., Senior Notes		3.500	%		5/15/29		200,000		182,552
Kyndryl Holdings Inc., Senior Notes		4.100	%		10/15/41		450,000		304,101
S&P Global Inc., Senior Notes		3.250	%		12/1/49		110,000		80,861

Total IT Services									567,514

Semiconductors & Semiconductor Equipment - 1.5%
Broadcom Inc., Senior Notes		4.150	%		11/15/30		178,000		160,392
Broadcom Inc., Senior Notes		4.300	%		11/15/32		580,000		514,554
Broadcom Inc., Senior Notes		3.187	%		11/15/36		22,000		15,942	^(a)
Broadcom Inc., Senior Notes		4.926	%		5/15/37		239,000		208,042	^(a)
Intel Corp., Senior Notes		4.900	%		7/29/45		220,000		205,882
Intel Corp., Senior Notes		4.750	%		3/25/50		20,000		17,345
Intel Corp., Senior Notes		4.950	%		3/25/60		100,000		87,752
Intel Corp., Senior Notes		3.200	%		8/12/61		180,000		112,827
Micron Technology Inc., Senior Notes		2.703	%		4/15/32		210,000		159,464
Micron Technology Inc., Senior Notes		3.366	%		11/1/41		40,000		26,790
NVIDIA Corp., Senior Notes		3.500	%		4/1/40		100,000		82,329
NVIDIA Corp., Senior Notes		3.500	%		4/1/50		300,000		232,835
NVIDIA Corp., Senior Notes		3.700	%		4/1/60		120,000		91,724
QUALCOMM Inc., Senior Notes		4.300	%		5/20/47		70,000		61,288

See Notes to Schedule of Investments.

Western Asset Investment Grade Defined Opportunity Trust Inc. 2023 Quarterly Report

WESTERN ASSET INVESTMENT GRADE DEFINED OPPORTUNITY TRUST INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2023

(Percentages shown based on Fund net assets)


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Semiconductors & Semiconductor Equipment - (continued)
Texas Instruments Inc., Senior Notes		4.600	%		2/15/28		380,000	$	377,569
Texas Instruments Inc., Senior Notes		3.875	%		3/15/39		430,000		380,676

Total Semiconductors & Semiconductor Equipment									2,735,411

Software - 1.2%
Microsoft Corp., Senior Notes		4.250	%		2/6/47		1,520,000		1,415,151
Oracle Corp., Senior Notes		3.950	%		3/25/51		490,000		352,354
Oracle Corp., Senior Notes		4.100	%		3/25/61		580,000		403,815

Total Software									2,171,320

Technology Hardware, Storage & Peripherals - 0.1%
Dell International LLC/EMC Corp., Senior Notes		8.100	%		7/15/36		200,000		223,696
Dell International LLC/EMC Corp., Senior Notes		8.350	%		7/15/46		60,000		68,180

Total Technology Hardware, Storage & Peripherals									291,876

TOTAL INFORMATION TECHNOLOGY									6,327,857

MATERIALS - 1.7%
Chemicals - 0.4%
Celanese US Holdings LLC, Senior Notes		5.900	%		7/5/24		480,000		479,637
Ecolab Inc., Senior Notes		4.800	%		3/24/30		130,000		128,565
OCP SA, Senior Notes		3.750	%		6/23/31		200,000		160,980	^(a)

Total Chemicals									769,182

Metals & Mining - 1.3%
ArcelorMittal SA, Senior Notes		4.550	%		3/11/26		330,000		321,516
ArcelorMittal SA, Senior Notes		6.550	%		11/29/27		240,000		246,287
First Quantum Minerals Ltd., Senior Notes		6.875	%		10/15/27		400,000		375,640	^(a)
Freeport-McMoRan Inc., Senior Notes		5.450	%		3/15/43		330,000		298,417
Glencore Funding LLC, Senior Notes		4.000	%		3/27/27		590,000		560,470	^(a)
Yamana Gold Inc., Senior Notes		4.625	%		12/15/27		550,000		518,192

Total Metals & Mining									2,320,522

TOTAL MATERIALS									3,089,704

REAL ESTATE - 1.5%
Equity Real Estate Investment Trusts (REITs) - 1.5%
Diversified Healthcare Trust, Senior Notes		4.750	%		5/1/24		190,000		170,191
Extra Space Storage LP, Senior Notes		3.900	%		4/1/29		110,000		99,870
Invitation Homes Operating Partnership LP, Senior Notes		4.150	%		4/15/32		470,000		414,019
Ventas Realty LP, Senior Notes		4.400	%		1/15/29		540,000		503,147
Vornado Realty LP, Senior Notes		3.500	%		1/15/25		1,000,000		943,547

See Notes to Schedule of Investments.

Western Asset Investment Grade Defined Opportunity Trust Inc. 2023 Quarterly Report

WESTERN ASSET INVESTMENT GRADE DEFINED OPPORTUNITY TRUST INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2023

(Percentages shown based on Fund net assets)


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Equity Real Estate Investment Trusts (REITs) - (continued)
WEA Finance LLC/Westfield UK & Europe
Finance PLC, Senior Notes		3.750	%		9/17/24		300,000	$	286,222	^(a)
Welltower Inc., Senior Notes		4.125	%		3/15/29		510,000		470,773

TOTAL REAL ESTATE									2,887,769

UTILITIES - 4.7%
Electric Utilities - 4.7%
Berkshire Hathaway Energy Co., Senior Notes		6.125	%		4/1/36		1,000,000		1,063,662
CenterPoint Energy Houston Electric LLC, Senior Secured Bonds		4.500	%		4/1/44		530,000		472,601
Comision Federal de Electricidad, Senior Notes		4.677	%		2/9/51		200,000		132,922	^(a)
Commonwealth Edison Co., First Mortgage Bonds		6.450	%		1/15/38		600,000		671,660
Edison International, Junior Subordinated Notes (5.000% to 3/15/27 then 5 year Treasury Constant Maturity Rate + 3.901%)		5.000	%		12/15/26		160,000		138,187	^(b)(c)
Edison International, Junior Subordinated Notes (5.375% to 3/15/26 then 5 year Treasury Constant Maturity Rate + 4.698%)		5.375	%		3/15/26		230,000		209,951	^(b)(c)
Enel Finance International NV, Senior Notes		6.800	%		10/14/25		200,000		205,162	^(a)
Exelon Corp., Senior Notes		4.050	%		4/15/30		190,000		174,367
FirstEnergy Corp., Senior Notes		4.150	%		7/15/27		480,000		448,270
FirstEnergy Corp., Senior Notes		7.375	%		11/15/31		3,040,000		3,412,856
Jersey Central Power & Light Co., Senior Notes		4.300	%		1/15/26		170,000		163,177	^(a)
MidAmerican Energy Co., First Mortgage Bonds		3.650	%		4/15/29		240,000		222,651
Ohio Edison Co., Senior Notes		5.500	%		1/15/33		140,000		140,094	^(a)
Pacific Gas and Electric Co., First Mortgage Bonds		2.500	%		2/1/31		130,000		101,436
Pacific Gas and Electric Co., First Mortgage Bonds		3.300	%		8/1/40		30,000		20,338
Pacific Gas and Electric Co., First Mortgage Bonds		4.950	%		7/1/50		310,000		245,310
Southern California Edison Co., First Mortgage Bonds		4.125	%		3/1/48		480,000		382,325
Virginia Electric & Power Co., Senior Notes		8.875	%		11/15/38		500,000		671,242

TOTAL UTILITIES									8,876,211

TOTAL CORPORATE BONDS & NOTES (Cost - $191,163,258)									178,217,582

See Notes to Schedule of Investments.

Western Asset Investment Grade Defined Opportunity Trust Inc. 2023 Quarterly Report

WESTERN ASSET INVESTMENT GRADE DEFINED OPPORTUNITY TRUST INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2023

(Percentages shown based on Fund net assets)


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
SOVEREIGN BONDS - 0.9%
Argentina - 0.5%
Argentine Republic Government International Bond, Senior Notes		1.000	%		7/9/29		11,447		$	3,579
Argentine Republic Government International Bond, Senior Notes, Step bond (1.500% to 7/9/23 then 3.625%)		1.500	%		7/9/35		182,200			52,255
Provincia de Buenos Aires, Senior Notes, Step bond (5.250% to 9/1/23, 6.375% to 9/1/24 then 6.625%)		5.250	%		9/1/37		2,141,885			827,303	^(a)

Total Argentina										883,137

Mexico - 0.2%
Mexican Bonos, Senior Notes		8.500	%		11/18/38		8,780,000	^MXN		448,307

Qatar - 0.2%
Qatar Government International Bond, Senior Notes		4.817	%		3/14/49		410,000			390,702	^(a)

TOTAL SOVEREIGN BONDS (Cost - $2,003,386)										1,722,146

MUNICIPAL BONDS - 0.8%
California - 0.4%
Morongo Band of Mission Indians, CA, Revenue, Tribal Economic Development, Series A		7.000	%		10/1/39		500,000			536,310	^(a)
Regents of the University of California Medical Center Pooled Revenue, Series Q		4.563	%		5/15/53		160,000			148,928

Total California										685,238

Florida - 0.1%
Sumter Landing, FL, Community Development District Recreational Revenue, Taxable Community Development District		4.172	%		10/1/47		260,000			227,542

Illinois - 0.3%
Illinois State, GO, Taxable, Build America Bonds, Series 2010-3		6.725	%		4/1/35		530,000			559,142

TOTAL MUNICIPAL BONDS (Cost - $1,505,972)										1,471,922

SENIOR LOANS - 0.5%
CONSUMER DISCRETIONARY - 0.2%
Specialty Retail - 0.2%
Great Outdoors Group LLC, Term Loan B2 (1 mo. USD LIBOR + 3.750%)		8.385	%		3/6/28		352,834			348,312	^(c)(e)(f)

HEALTH CARE - 0.2%
Pharmaceuticals - 0.2%
Horizon Therapeutics USA Inc., Incremental Term Loan B2 (1 mo. USD LIBOR + 1.750%)		6.375	%		3/15/28		334,050			334,102	^(c)(e)(f)

See Notes to Schedule of Investments.

Western Asset Investment Grade Defined Opportunity Trust Inc. 2023 Quarterly Report

WESTERN ASSET INVESTMENT GRADE DEFINED OPPORTUNITY TRUST INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2023

(Percentages shown based on Fund net assets)


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
INDUSTRIALS - 0.1%
Airlines - 0.1%
Delta Air Lines Inc., Initial Term Loan (3 mo. USD LIBOR + 3.750%)		8.558	%		10/20/27		266,000	$	275,793	^(c)(e)(f)

MATERIALS - 0.0%††
Paper & Forest Products - 0.0%††
Schweitzer-Mauduit International Inc., Term Loan B (1 mo. USD LIBOR + 3.750%)		8.438	%		4/20/28		88,650		87,209	^(c)(e)(f)(g)

TOTAL SENIOR LOANS (Cost - $1,037,210)									1,045,416

CONVERTIBLE BONDS & NOTES - 0.4%
COMMUNICATION SERVICES - 0.4%
Media - 0.4%
DISH Network Corp., Senior Notes (Cost - $684,586)		2.375	%		3/15/24		730,000		673,231

U.S. GOVERNMENT & AGENCY OBLIGATIONS - 0.3%
U.S. Government Obligations - 0.3%
U.S. Treasury Bonds (Cost - $515,182)		3.625	%		2/15/53		530,000		504,742


						SHARES
PREFERRED STOCKS - 0.1%
FINANCIALS - 0.1%
Insurance - 0.1%
Delphi Financial Group Inc. (3 mo. USD LIBOR + 3.190%) (Cost - $233,032)		8.054	%				9,325		213,310	^(c)

TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS (Cost - $197,142,626)									183,848,349

SHORT-TERM INVESTMENTS - 1.4%
Western Asset Premier Institutional Government Reserves, Premium Shares (Cost - $2,698,352)		4.513	%				2,698,352		2,698,352	^(h)(i)

TOTAL INVESTMENTS - 99.7% (Cost - $199,840,978)									186,546,701
Other Assets in Excess of Liabilities - 0.3%									477,451

TOTAL NET ASSETS - 100.0%								$	187,024,152

See Notes to Schedule of Investments.

Western Asset Investment Grade Defined Opportunity Trust Inc. 2023 Quarterly Report

WESTERN ASSET INVESTMENT GRADE DEFINED OPPORTUNITY TRUST INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2023

†	Face amount denominated in U.S. dollars, unless otherwise noted.

††	Represents less than 0.1%.

(a)

Security is exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold in transactions that are exempt from registration, normally to qualified institutional buyers. This security has been deemed liquid pursuant to guidelines approved by the Board of Directors.

(b)	Security has no maturity date. The date shown represents the next call date.

(c)

Variable rate security. Interest rate disclosed is as of the most recent information available. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above.

(d)	Securities traded on a when-issued or delayed delivery basis.

(e)	Interest rates disclosed represent the effective rates on senior loans. Ranges in interest rates are attributable to multiple contracts under the same loan.

(f)	Senior loans may be considered restricted in that the Fund ordinarily is contractually obligated to receive approval from the agent bank and/or borrower prior to the disposition of a senior loan.

(g)	Security is valued using significant unobservable inputs (Note 1).

(h)	Rate shown is one-day yield as of the end of the reporting period.

(i)

In this instance, as defined in the Investment Company Act of 1940, an “Affiliated Company” represents Fund ownership of at least 5% of the outstanding voting securities of an issuer, or a company which is under common ownership or control with the Fund. At February 28, 2023, the total market value of investments in Affiliated Companies was $2,698,352 and the cost was $2,698,352 (Note 2).

Abbreviation(s) used in this schedule:


GO		— General Obligation
GTD		— Guaranteed
ICE		— Intercontinental Exchange
JSC		— Joint Stock Company
LIBOR		— London Interbank Offered Rate
MXN		— Mexican Peso
SOFR		— Secured Overnight Financing Rate
USD		— United States Dollar

At February 28, 2023, the Fund had the following open futures contracts:


	Number of Contracts		Expiration Date		Notional Amount		Market Value		Unrealized Appreciation (Depreciation)
Contracts to Buy:
U.S. Treasury 2-Year Notes		45		6/23	$	9,188,312	$	9,167,695	$	(20,617	)
U.S. Treasury 5-Year Notes		86		6/23		9,237,428		9,206,703		(30,725	)
U.S. Treasury 10-Year Notes		30		6/23		3,350,723		3,349,688		(1,035	)
U.S. Treasury Ultra 10-Year Notes		4		6/23		468,507		468,750		243
U.S. Treasury Ultra Long-Term Bonds		13		6/23	$	1,770,372	$	1,755,813	$	(14,559	)

										(66,693	)

See Notes to Schedule of Investments.

Western Asset Investment Grade Defined Opportunity Trust Inc. 2023 Quarterly Report

WESTERN ASSET INVESTMENT GRADE DEFINED OPPORTUNITY TRUST INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2023


	Number of Contracts		Expiration Date		Notional Amount		Market Value		Unrealized Appreciation (Depreciation)
Contracts to Sell:
U.S. Treasury Long-Term Bonds		28		6/23		3,523,146		3,506,125		17,021

Net unrealized depreciation on open futures contracts									$	(49,672	)

At February 28, 2023, the Fund had the following open forward foreign currency contracts:


Currency Purchased		Currency Sold			Counterparty	Settlement Date		Unrealized Depreciation
EUR	1,463,000		USD	1,583,582	BNP Paribas SA		4/18/23	$	(31,665	)
JPY	125,721,910		USD	996,733	JPMorgan Chase & Co.		4/18/23		(66,906	)

Total								$	(98,571	)

Abbreviation(s) used in this table:


EUR		— Euro
JPY		— Japanese Yen
USD		— United States Dollar

At February 28, 2023, the Fund had the following open swap contracts:


CENTRALLY CLEARED CREDIT DEFAULT SWAPS ON CREDIT INDICES - BUY PROTECTION1
REFERENCE ENTITY	NOTIONAL AMOUNT²		TERMINATION DATE		PERIODIC PAYMENTS MADE BY THE FUND^†	MARKET VALUE³			UPFRONT PREMIUMS PAID (RECEIVED)			UNREALIZED APPRECIATION (DEPRECIATION)
Markit CDX.NA.HY.39 Index	$	1,940,000		12/20/27	5.000% quarterly	$	(28,352	)	$	(30,555	)	$	2,203
Markit CDX.NA.IG.38 Index		3,960,000		6/20/27	1.000% quarterly		(48,511	)		(26,862	)		(21,649	)

Total	$	5,900,000				$	(76,863	)	$	(57,417	)	$	(19,446	)

See Notes to Schedule of Investments.

Western Asset Investment Grade Defined Opportunity Trust Inc. 2023 Quarterly Report

WESTERN ASSET INVESTMENT GRADE DEFINED OPPORTUNITY TRUST INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2023

If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or the underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or the underlying securities comprising the referenced index.

2	The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.

The quoted market prices and resulting values for credit default swap agreements on asset-backed securities and credit indices serve as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected loss (or profit) for the credit derivative had the notional amount of the swap agreement been closed/sold as of the period end. Decreasing market values (sell protection) or increasing market values (buy protection) when compared to the notional amount of the swap, represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.

†	Percentage shown is an annual percentage rate.

This Schedule of Investments is unaudited and is intended to provide information about the Fund’s investments as of the date of the schedule. Other information regarding the Fund is available in the Fund’s most recent annual or semi-annual shareholder report.

See Notes to Schedule of Investments.

Western Asset Investment Grade Defined Opportunity Trust Inc. 2023 Quarterly Report

Notes to Schedule of Investments (unaudited)

1. Organization and significant accounting policies

Western Asset Investment Grade Defined Opportunity Trust Inc. (the “Fund”) was incorporated in Maryland on April 24, 2009 and is registered as a non-diversified, limited-term, closed-end management investment company under the Investment Company Act of 1940, as amended (the “1940 Act”). 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 will seek capital appreciation. There can be no assurance the Fund will achieve its investment objectives. 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 follows the accounting and reporting guidance in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 946, Financial Services — Investment Companies (“ASC 946”). The following are significant accounting policies consistently followed by the Fund and are in conformity with U.S. generally accepted accounting principles (“GAAP”), including, but not limited to, ASC 946.

(a) Investment valuation. The valuations for fixed income securities (which may include, but are not limited to, corporate, government, municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services typically use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. Investments in open-end funds are valued at the closing net asset value per share of each fund on the day of valuation. Futures contracts are valued daily at the settlement price established by the board of trade or exchange on which they are traded. Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. When the Fund holds securities or other assets that are denominated in a foreign currency, the Fund will normally use the currency exchange rates as of 4:00 p.m. (Eastern Time). If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the manager to be unreliable, the market price may be determined by the manager using quotations from one or more broker/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, the Fund values these securities as determined in accordance with procedures approved by the Fund’s Board of Directors.

Notes to Schedule of Investments (unaudited) (cont’d)

Pursuant to policies adopted by the Board of Directors, the Fund’s manager has been designated as the valuation designee and is responsible for the oversight of the daily valuation process. The Fund’s manager is assisted by the Global Fund Valuation Committee (the “Valuation Committee”). The Valuation Committee is responsible for making fair value determinations, evaluating the effectiveness of the Fund’s pricing policies, and reporting to the Fund’s manager and the Board of Directors. When determining the reliability of third party pricing information for investments owned by the Fund, the Valuation Committee, among other things, conducts due diligence reviews of pricing vendors, monitors the daily change in prices and reviews transactions among market participants.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board of Directors, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such back testing monthly and fair valuation occurrences are reported to the Board of Directors quarterly.

The Fund uses valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.

Notes to Schedule of Investments (unaudited) (cont’d)

GAAP establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:

•

Level 1 – unadjusted quoted prices in active markets for identical investments

•

Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

•

Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used in valuing the Fund’s assets and liabilities carried at fair value:


ASSETS
DESCRIPTION	QUOTED PRICES (LEVEL 1)		OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2)		SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3)		TOTAL
Long-Term Investments†:
Corporate Bonds & Notes		—	$	178,217,582		—	$	178,217,582
Sovereign Bonds		—		1,722,146		—		1,722,146
Municipal Bonds		—		1,471,922		—		1,471,922
Senior Loans:
Materials		—		—	$	87,209		87,209
Other Senior Loans		—		958,207		—		958,207
Convertible Bonds & Notes		—		673,231		—		673,231
U.S. Government & Agency Obligations		—		504,742		—		504,742
Preferred Stocks		—		213,310		—		213,310

Total Long-Term Investments		—		183,761,140		87,209		183,848,349

Short-Term Investments†	$	2,698,352		—		—		2,698,352

Total Investments	$	2,698,352	$	183,761,140	$	87,209	$	186,546,701

Other Financial Instruments:
Futures Contracts††	$	17,264		—		—	$	17,264
Centrally Cleared Credit Default Swaps on Credit Indices — Buy Protection††		—	$	2,203		—		2,203

Total Other Financial Instruments	$	17,264	$	2,203		—	$	19,467

Total	$	2,715,616	$	183,763,343	$	87,209	$	186,566,168

Notes to Schedule of Investments (unaudited) (cont’d)


LIABILITIES
DESCRIPTION	QUOTED PRICES (LEVEL 1)		OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2)		SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3)		TOTAL
Other Financial Instruments:
Futures Contracts††	$	66,936		—		—	$	66,936
Forward Foreign Currency Contracts††		—	$	98,571		—		98,571
Centrally Cleared Credit Default Swaps on Credit Indices — Buy Protection††		—		21,649		—		21,649

Total	$	66,936	$	120,220		—	$	187,156

†	See Schedule of Investments for additional detailed categorizations.

††	Reflects the unrealized appreciation (depreciation) of the instruments.

2. Transactions with affiliated company

As defined by the 1940 Act, an affiliated company is one in which the Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Fund. The following company was considered an affiliated company for all or some portion of the period ended February 28, 2023. The following transactions were effected in such company for the period ended February 28, 2023.


	Affiliate Value at November 30, 2022		Purchased				Sold				Realized Gain (Loss)		Dividend Income		Net Increase (Decrease) in Unrealized Appreciation (Depreciation)		Affiliate Value at February 28, 2023
	Affiliate Value at November 30, 2022		Cost		Shares		Proceeds		Shares		Realized Gain (Loss)		Dividend Income				Affiliate Value at February 28, 2023
Western Asset Premier Institutional Government Reserves, Premium Shares	$	838,034	$	6,155,395		6,155,395	$	4,295,077		4,295,077		—	$	5,407		—	$	2,698,352