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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 March 17, 2026, PAI stock price climbed to $12.28 with 15,264 million shares trading.
PAI has a market cap of $116.79 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 return of +2.7%, while SPY returned +20.5%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in PAI shares. However, PAI has outperformed the market in the last 3 month and 2 week periods, returning -0.1% and -2.1%, while SPY returned -0.9% and -2.3%, respectively. This indicates PAI has been having a stronger performance recently.
PAI support price is $12.05 and resistance is $12.31 (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.