FMP
Western Asset Investment Grade Income Fund Inc.
PAI
NYSE
Western Asset Income Fund is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Company. It is co-managed by Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade debt, including government securities, bank debt, commercial paper, and cash or cash equivalents. The fund benchmarks the performance of its portfolio against the Barclays U.S. Corporate High Yield Index and the Barclays U.S. Credit Index. Western Asset Income Fund was formed on March 22, 1973 and is domiciled in the United States.
12.33 USD
-0.07 (-0.568%)
Seeking Alpha
Jul 14, 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.
Seeking Alpha
Jul 2, 2024
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.
Seeking Alpha
Jun 14, 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.
Seeking Alpha
May 15, 2024
April turned out to be a little more exciting, with the broader equity market pulling back. This helped to create some added volatility that saw discounts widen in some closed-end funds. Every month I put some money to work in an effort to grow my monthly cash flow over time.
Seeking Alpha
Apr 14, 2024
4 Closed-End Fund Buys In The Month Of March 2024
Seeking Alpha
Mar 22, 2024
The Western Asset Investment Grade Income Fund has a lower yield than most fixed-income closed-end funds and money market funds. The fund has outperformed the Bloomberg U.S. Aggregate Bond Index over the past six months, but it was beaten by some other investment-grade CEFs. The fund's strategy primarily focuses on investing in long-dated investment-grade bonds, which exposes it to interest rate risk.
Seeking Alpha
Mar 14, 2024
The broader market has continued its march higher throughout February, reaching new record highs. Despite the market continuing to move higher, I believe there are still opportunities to put cash to work.
Seeking Alpha
Feb 16, 2024
5 Closed-End Fund Buys In The Month Of January 2024 (Includes 2 Swaps)
Seeking Alpha
Jan 6, 2024
I have a total of 41 positions in my closed-end fund portfolio, with the top ten positions making up 36.52% of the portfolio. We have four new names making their way to my top ten list since the prior update, but three were already positions that have simply grown to be larger allocations. Closed-end funds overall look to be a place of opportunity as discounts remain historically wide across both equity and fixed-income-focused funds.
Seeking Alpha
Dec 15, 2023
Western Asset Investment Grade Income Fund's latest report reflects an increase in income generation year-over-year and quarter-over-quarter. The fund's discount remains attractive relative to its historical levels, making it a potentially attractive investment choice for conservative investors. PAI has increased its distribution and has a fully covered payout ratio, providing income for investors while waiting for potential appreciation and discount contraction to drive total returns.