Western Asset Investment Grade Income Fund (PAI)

• Market cap: $118M
• 1 day: -1.04%
• 5 days: -2.43%
• 1 month: -1.89%
• 3 months: -4.46%
• 6 months: -1.82%
• Year to date: 1.06%
• 1 year: 4.10%
• 5 years: -19.65%
• 10 years: -8.54%

About: Western Asset Investment Grade Income Fund Inc is a closed-end diversified investment company. The company designed primarily 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.

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

0.54% less ownership

Funds ownership: 23.05% [Q3] → 22.51% (-0.54%) [Q4]

1% less capital invested

Capital invested by funds: $27M [Q3] → $26.8M (-$228K) [Q4]

9% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 11

15% less funds holding

Funds holding: 41 [Q3] → 35 (-6) [Q4]

57% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 7