Market Overview

Western Asset Municipal Defined Opportunity Trust Inc. Portfolio Composition as of June 30, 2018

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Western Asset Municipal Defined Opportunity Trust Inc. (NYSE:MTT)
announces its portfolio composition as of June 30, 2018.

Investment Objective: The Fund's primary investment objective is
to provide high current income exempt from federal income tax and then
to liquidate on or about April 30, 2021 and distribute all of the Fund's
net assets to shareholders. As a secondary objective, the Fund will seek
total return.

   
 

Portfolio Composition*:

Asset Allocation

Municipals

99.8%

Variable Rate Demand Notes

0.2%

 

Top Ten Municipal Sectors

Pre refunded / Escrowed to Maturity 30.8%
Industrial Revenue 22.8%
Water & Sewer 10.8%
Transportation 9.1%
Health Care 7.0%
Special Tax Obligation 4.3%
Education 3.4%
Lease Backed 2.7%
Local 2.5%
Power 2.4%
 

Credit Quality Allocation**

AAA 10.0%
AA 16.8%
A 36.5%
BBB 23.2%
BB 1.6%
CCC 1.4%
Not Rated 10.6%
 

Call Statistics

Not Callable 20.6%
2018 2.7%
2019 33.8%
2020 5.7%
2021 0.2%
2022 2.8%
2023 4.5%
2024 5.3%
2025 2.7%
2026 3.9%
2027 11.3%
2028 6.6%
 

Average Life (years)

6.2

Effective Duration (years)

5.0

Average Coupon (%)

5.5

Subject to AMT (%)

11.1
 

Portfolio Statistics:

 

Inception Date

March 27, 2009

Inception Price

$20.00

Total Assets

$252,542,198
 

Market Price

$21.17

NAV

$20.75
(Daily NAV is available on market quotation systems using the symbol
XMTTX.)
 

Distribution Rate

$0.0790 per share

Frequency

Monthly (Declared quarterly, paid monthly)
 
* Portfolio holdings and weightings are historical and are presented
here for informational purposes only. They are subject to change at
any time. Negative allocations, if any, are primarily due to the
Fund's unsettled trade activity.
**

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.

 

Western Asset Municipal Defined Opportunity Trust Inc., a
non-diversified, closed-end management investment company, is advised by
Legg Mason Partners Fund Advisor, LLC, a wholly owned subsidiary of Legg
Mason, Inc., and is sub-advised by Western Asset Management Company, 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.

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.

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