PAI
Western Asset Investment Grade Income FundPAI
PAI
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.
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
7% more capital invested
Capital invested by funds: $25.2M [Q2] → $27M (+$1.78M) [Q3]
3% more funds holding
Funds holding: 40 [Q2] → 41 (+1) [Q3]
1.09% more ownership
Funds ownership: 21.96% [Q2] → 23.05% (+1.09%) [Q3]
50% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 16
Research analyst outlook
We haven’t received any recent analyst ratings for PAI.
Financial journalist opinion
Neutral
Business Wire
3 weeks 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.
Neutral
Business Wire
1 month ago
Western Asset Investment Grade Income Fund Inc. Announces Financial Position as of September 30, 2024
NEW YORK--(BUSINESS WIRE)--Category: Financials.
Positive
Seeking Alpha
1 month 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.
Positive
Seeking Alpha
3 months ago
PAI: Fed Turns Dovish, What's Next For This Bond Fund?
The Western Asset Inv Grade Income Fund Inc primarily invests in safe investment-grade bonds, offering a lower yield of 4.83% compared to junk bond funds. Despite its lower yield, the PAI closed-end fund delivered a strong six-month performance, appreciating by 6.76% and outperforming key bond indices. The Fed turned very dovish yesterday, but this does not seem likely to have an outsized positive impact on bonds because the market already priced for the new projections.
Positive
Seeking Alpha
4 months ago
My Top 10 Closed-End Fund Holdings: August 2024
Closed-end funds overall have seen discounts narrow since the start of the year, but opportunities still exist in certain areas of the market. With increased market volatility more recently, that may lead to discounts widening back out, which could create even more opportunities in this structure. I hold 42 positions in my CEF portfolio, with the top 10 positions making up 37.40% of the portfolio—here's a review of those top 10 names.
Positive
Seeking Alpha
5 months ago
5 Closed-End Fund Buys (And 2 Sells) In The Month Of June 2024
June was another month where we saw broader equities hitting new all-time highs. However, that participation was rather narrow as the mega-cap tech names led the way higher. This last month, I added to or initiated positions in five different closed-end fund names; I sold out of two positions this month.
Positive
Seeking Alpha
5 months ago
PAI: Conservative Way To Play Future Rate Cuts
Western Asset Inv Grade Income Fund Inc has been moving mostly sideways since our last update but continues to offer an attractive discount. The PAI closed-end fund is relatively conservative thanks to being a non-leveraged fund and investing primarily in investment-grade bonds. Potential upside opportunities could come from discount narrowing or rate cuts, though rate cut expectations have been being pushed back further and further.
Positive
Seeking Alpha
6 months ago
4 Closed-End Fund Buys In The Month Of May 2024
The overall broader indexes were heading higher after April's rather brief and shallow pullback. There was a bit more volatility toward the end of the month, which will be interesting to see if that develops into anything more material. Every month I make some purchases to compound and grow my monthly cash flow over time.
Neutral
Business Wire
7 months ago
Western Asset Investment Grade Income Fund Inc. Announces Financial Position as of March 31, 2024
NEW YORK--(BUSINESS WIRE)--Category: Financials.
Neutral
Business Wire
7 months ago
Franklin Templeton Fund Adviser, LLC Announces Distributions for the Months of June, July and August 2024
NEW YORK--(BUSINESS WIRE)--Category: Distribution Related.
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