Western Asset Investment Grade Income Fund Inc. (PAI) Research
The Western Asset Investment Grade Income Fund Inc. (PAI) functions as a closed-end mutual fund, concentrating its investments in fixed-income securities. Its oversight is primarily provided by Western Asset Management Company, with Western Asset Management Company Limited acting as a co-manager. The fund strategically allocates capital mainly within the debt markets of the United States. Its holdings are predominantly composed of investment-grade debt, which includes government bonds, bank-issued obligations, commercial paper, and highly liquid assets like cash. To evaluate its effectiveness, the fund's performance is benchmarked against both the Barclays U.S. Corporate High Yield Index and the Barclays U.S. Credit Index. This fund was founded in the U.S. on March 22, 1973.
Market snapshot
- Symbol
- PAI
- Price
- $12.08
- Day change
- 0.00%
- Market cap
- $114.9M
- P/E ratio
- 11.91x
- 52-week range
- 11.72-13.66
- Sector
- Financial Services
- Industry
- Asset Management - Income
Peer companies
- Madison Dividend Income Fd Cl Y (BHBFX)
- MFS High Income Municipal Trust (CXE)
- Western Asset Mortgage Opportunity Fund Inc. (DMO)
- Meeder Tactical Income Retail (FLBDX)
- Cromwell Greenspring Mid Cap Fund Institutional Class (GRSPX)
- Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI)
- John Hancock Investors Trust (JHI)
- John Hancock Income Securities Trust (JHS)
Recent insider activity
- Stout Kim — trade (0 shares) on 2025-12-01
- Masom Jeffrey — trade (0 shares) on 2025-04-29
- Gahan Thomas — trade (0 shares) on 2024-12-03
- Buchanan Michael Carlton — trade (0 shares) on 2023-09-01
- HOFFMANN COURTNEY A. — trade (0 shares) on 2022-07-15
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