Western Asset Investment Grade Income Fund Inc. (PAI) NYSE
Currency In USD
- General
- Statistics
- Historical Data
- Profile
- Financials
Western Asset Investment Grade Income Fund Inc.
Address
620 Eighth Avenue, 47th Floor
New York, NY 10018
United States of America (the)
Phone
626-844-9400
Sector
Financial Services
Industry
Asset Management - Income
Employees
N/A
First IPO Date
March 17, 1980
Key Executives
| Name | Title | Pay | Year Born |
| Kenneth Donald Fuller | Chief Executive Officer, President and Director | 0 | 1958 |
Description
The Western Asset Investment Grade Income Fund Inc. (PAI) functions as a closed-end mutual fund, concentrating its investments in fixed-income securities. Its oversight is primarily provided by Western Asset Management Company, with Western Asset Management Company Limited acting as a co-manager. The fund strategically allocates capital mainly within the debt markets of the United States. Its holdings are predominantly composed of investment-grade debt, which includes government bonds, bank-issued obligations, commercial paper, and highly liquid assets like cash. To evaluate its effectiveness, the fund's performance is benchmarked against both the Barclays U.S. Corporate High Yield Index and the Barclays U.S. Credit Index. This fund was founded in the U.S. on March 22, 1973.
