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The Fund seeks a high level of current income, consistent with prudent investment risk, through investment in a diversified portfolio of debt securities. To a lesser extent, the Fund may also invest in privately placed debt securities and in certain equity securities. Capital appreciation is a secondary investment objective. The Fund’s investment policies provide that its portfolio be invested as follows: at least 75% in debt securities rated within the four highest grades, and in government securities, bank debt, commercial paper, cash or cash equivalents; up to 25% in other fixed-income securities, convertible bonds, convertible preferred and preferred stock; and not more than 25% in securities restricted as to resale.
Western Asset Investment Grade Income trades on the NYSE stock market under the symbol PAI.
As of April 21, 2026, PAI stock price climbed to $12.31 with 801 million shares trading.
PAI has a market cap of $117.08 million. This is considered a Micro Cap stock.
In the last 3 years, PAI traded as high as $13.66 and as low as $10.61.
PAI has underperformed the market in the last year with a price return of +7.0% while the SPY ETF gained +35.2%. PAI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -0.6% and +1.3%, respectively, while the SPY returned +4.2% and +6.9%, respectively.
PAI support price is $12.17 and resistance is $12.43 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PAI shares will trade within this expected range on the day.
