PAI

Western Asset Investment Grade Income Fund

12.90 USD
+0.11
0.86%
At close Updated Sep 15, 4:00 PM EDT
1 day
0.86%
5 days
1.26%
1 month
1.49%
3 months
3.78%
6 months
1.42%
Year to date
4.88%
1 year
0.7%
5 years
-20.37%
10 years
-2.93%
 

About: Western Asset Investment Grade Income Fund Inc is a closed-end diversified investment company. The company designed as a long-term investment and not as a trading vehicle. The fund seeks a high level of current income, consistent with prudent investment risk, through investment in a diversified portfolio of debt securities. Its portfolio is invested in securities which may be convertible into or exchangeable for, or carry warrants to purchase, common stock or other equity interests; and preferred stock.

0
Funds holding %
of 7,463 funds
Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

100% more first-time investments, than exits

New positions opened: 2 | Existing positions closed: 1

3% more funds holding

Funds holding: 33 [Q1] → 34 (+1) [Q2]

2% more capital invested

Capital invested by funds: $26.9M [Q1] → $27.4M (+$557K) [Q2]

0.25% more ownership

Funds ownership: 21.99% [Q1] → 22.23% (+0.25%) [Q2]

0% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 11

Financial journalist opinion

Neutral
Business Wire
4 days ago
Franklin Templeton Fund Adviser, LLC Announces Distributions for the Months of September, October and November 2025
NEW YORK--(BUSINESS WIRE)--Category: Distribution Related.
Franklin Templeton Fund Adviser, LLC Announces Distributions for the Months of September, October and November 2025
Neutral
Business Wire
27 days ago
Western Asset Investment Grade Income Fund Inc. (NYSE: PAI) Announces Portfolio Management Team Update
NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.
Western Asset Investment Grade Income Fund Inc. (NYSE: PAI) Announces Portfolio Management Team Update
Neutral
Business Wire
3 months ago
Western Asset Investment Grade Income Fund Inc. Announces Financial Position as of March 31, 2025
NEW YORK--(BUSINESS WIRE)--Category: Financials.
Western Asset Investment Grade Income Fund Inc. Announces Financial Position as of March 31, 2025
Neutral
Business Wire
4 months ago
Franklin Templeton Fund Adviser, LLC Announces Distributions for the Months of June, July and August 2025
NEW YORK--(BUSINESS WIRE)--Category: Distribution Related.
Franklin Templeton Fund Adviser, LLC Announces Distributions for the Months of June, July and August 2025
Neutral
Business Wire
6 months ago
Franklin Templeton Fund Adviser, LLC Announces Distributions for the Months of March, April and May 2025
NEW YORK--(BUSINESS WIRE)--Category: Distribution Related.
Franklin Templeton Fund Adviser, LLC Announces Distributions for the Months of March, April and May 2025
Neutral
Seeking Alpha
7 months ago
PAI: Robust Corporate Bond CEF, But Spreads Are Too Low
Western Asset Inv Grade Income Fund is a closed-end fund focused on investment-grade corporate bonds, emphasizing high current income and capital appreciation. PAI's portfolio is heavily weighted towards BBB-rated bonds, which have low default rates but are vulnerable to downgrades in a risk-off environment. Historically, PAI has outperformed passive ETFs, but its current valuation is unattractive due to narrow credit spreads and a flat discount to NAV.
PAI: Robust Corporate Bond CEF, But Spreads Are Too Low
Neutral
Business Wire
8 months ago
Western Asset Investment Grade Income Fund (NYSE: PAI) or (the “Fund”) Announces Portfolio Management Team Update
NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.
Western Asset Investment Grade Income Fund (NYSE: PAI) or (the “Fund”) Announces Portfolio Management Team Update
Neutral
Business Wire
9 months ago
Franklin Templeton Fund Adviser, LLC Announces Distributions for the Months of December 2024, January and February 2025
NEW YORK--(BUSINESS WIRE)--Category: Distribution Related.
Franklin Templeton Fund Adviser, LLC Announces Distributions for the Months of December 2024, January and February 2025
Neutral
Business Wire
10 months ago
Western Asset Investment Grade Income Fund Inc. Announces Financial Position as of September 30, 2024
NEW YORK--(BUSINESS WIRE)--Category: Financials.
Western Asset Investment Grade Income Fund Inc. Announces Financial Position as of September 30, 2024
Positive
Seeking Alpha
10 months ago
PAI: Discount Narrows But Continuing To Hold
The Western Asset Investment Grade Income Fund has been benefiting from a narrowing discount to NAV to help boost total returns. With this occurring, PAI's appeal has declined, but it still isn't necessarily overvalued and can still benefit from the current interest rate environment. Given the investment-grade fixed-income focus, the fund is quite interest rate sensitive, which means lower risk-free rates could see further upside potential.
PAI: Discount Narrows But Continuing To Hold
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