PAI Alternatives & Similar Mutual Funds

Western Asset Investment Grade Income Fund Inc. (PAI) belongs to the Corporate Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PAI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to PAI

Among 43 mutual funds in the Corporate Bonds category with expense-ratio data, the lowest-cost alternatives shown here go as low as 0.02%.

Symbol	Name	Expense Ratio	AUM	Inception
GDO	Western Asset Global Corporate Defined Opportunity...	0.02%	—	Jan 2012	PAI vs GDO
NBB	Nuveen Taxable Municipal Income Fund	0.04%	—	Dec 2009	PAI vs NBB
VSTBX	Vanguard Short-Term Corporate Bond Index Fund Inst...	0.05%	—	Nov 2009	PAI vs VSTBX
VICBX	Vanguard Intermediate-Term Corporate Bond Index Fu...	0.05%	—	Nov 2009	PAI vs VICBX
VLCIX	Vanguard Long-Term Corporate Bond Index Fund Insti...	0.05%	—	Nov 2009	PAI vs VLCIX

Best Risk-Adjusted Alternatives to PAI

PAI has a PortfoliosLab risk / return rank of 5. There are 49 mutual funds in the Corporate Bonds category with higher risk-adjusted ranks, going as high as 89.

Symbol	Name	Risk / Return Rank	AUM	Inception
MIFIX	Miller Intermediate Bond Fund	89	—	Dec 2014	PAI vs MIFIX
VSTBX	Vanguard Short-Term Corporate Bond Index Fund Inst...	77	—	Nov 2009	PAI vs VSTBX
VSCSX	Vanguard Short-Term Corporate Bond Index Fund Admi...	74	50.50B	Nov 2010	PAI vs VSCSX
JMABX	John Hancock Managed Account Shares Investment-Gra...	39	—	Jul 2019	PAI vs JMABX
LMLCX	Western Asset SMASh Series C Fund	33	—	Dec 2006	PAI vs LMLCX

Top Performing PAI Alternatives (YTD)

PAI is at -1.19% YTD. There are 48 mutual funds in the Corporate Bonds category with higher YTD returns, going as high as 4.38%.

Symbol	Name	YTD Return	AUM	Inception
MIFIX	Miller Intermediate Bond Fund	4.38%	—	Dec 2014	PAI vs MIFIX
NBB	Nuveen Taxable Municipal Income Fund	1.88%	—	Dec 2009	PAI vs NBB
LMLCX	Western Asset SMASh Series C Fund	1.68%	—	Dec 2006	PAI vs LMLCX
VLCIX	Vanguard Long-Term Corporate Bond Index Fund Insti...	1.03%	—	Nov 2009	PAI vs VLCIX
VLTCX	Vanguard Long-Term Corporate Bond Index Fund Admir...	1.02%	9.20B	Jan 2010	PAI vs VLTCX

Lowest Volatility Alternatives to PAI

PAI has 7.98% 1-year volatility. There are 47 mutual funds in the Corporate Bonds category with lower 1-year volatility, going as low as 1.78%.

Symbol	Name	Volatility 1Y	AUM	Inception
VSCSX	Vanguard Short-Term Corporate Bond Index Fund Admi...	1.78%	50.50B	Nov 2010	PAI vs VSCSX
VSTBX	Vanguard Short-Term Corporate Bond Index Fund Inst...	1.78%	—	Nov 2009	PAI vs VSTBX
LKFIX	LKCM Fixed Income Fund	2.54%	—	Dec 1997	PAI vs LKFIX
IDMIX	iMGP Dolan McEniry Corporate Bond Fund	2.87%	—	Sep 2018	PAI vs IDMIX
MIFIX	Miller Intermediate Bond Fund	3.08%	—	Dec 2014	PAI vs MIFIX

Lowest Drawdown Alternatives to PAI

PAI has a 1-year max drawdown of -7.79%. There are 48 mutual funds in the Corporate Bonds category with shallower 1-year drawdowns, going as shallow as -1.31%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
VSTBX	Vanguard Short-Term Corporate Bond Index Fund Inst...	-1.31%	—	Nov 2009	PAI vs VSTBX
VSCSX	Vanguard Short-Term Corporate Bond Index Fund Admi...	-1.36%	50.50B	Nov 2010	PAI vs VSCSX
LKFIX	LKCM Fixed Income Fund	-1.76%	—	Dec 1997	PAI vs LKFIX
FIIFX	Federated Hermes Intermediate Corporate Bond Fund	-2.28%	—	Dec 1993	PAI vs FIIFX
IDMIX	iMGP Dolan McEniry Corporate Bond Fund	-2.38%	—	Sep 2018	PAI vs IDMIX

Other Mutual Funds from Franklin Templeton

The 10 most viewed Franklin Templeton mutual funds shown here include FKDNX, FKRCX, FKINX and span 8 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FKDNX	Franklin DynaTech Fund	Large Cap Growth Equities, Technology Equities	19	10.18%	—	Jan 1968	PAI vs FKDNX
FKRCX	Franklin Gold and Precious Metals Fund	Gold, Precious Metals	34	-1.84%	—	May 1969	PAI vs FKRCX
FKINX	Franklin Income Fund Class A1	Diversified Portfolio	82	4.34%	—	—	PAI vs FKINX
FKGRX	Franklin Growth Fund	Large Cap Growth Equities	24	4.76%	—	Apr 1948	PAI vs FKGRX
EMO	ClearBridge Energy Midstream Opportunity Fund	MLPs, Energy Equities	23	16.33%	—	Jun 2011	PAI vs EMO
FRDPX	Franklin Rising Dividends Fund	Large Cap Blend Equities	32	5.20%	—	Jan 1987	PAI vs FRDPX
SBLGX	ClearBridge Large Cap Growth Fund	Large Cap Growth Equities	7	1.54%	—	Aug 1997	PAI vs SBLGX
SHRAX	ClearBridge Aggressive Growth Fund	Large Cap Blend Equities	7	1.90%	—	Oct 1983	PAI vs SHRAX
FRIAX	Franklin Income Fund Advisor Class	Diversified Portfolio	87	4.46%	—	Aug 1997	PAI vs FRIAX
SHAPX	ClearBridge Appreciation Fund	Large Cap Blend Equities	31	4.32%	—	Mar 1970	PAI vs SHAPX

Often Compared With PAI

Investors most often compare PAI with VBF, VICSX, PRPIX. These 6 comparison targets span 1 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
VBF	Invesco Bond Fund	Corporate Bonds	5	-0.44%	—	Oct 1970	PAI vs VBF
VICSX	Vanguard Intermediate-Term Corporate Bond Index Fu...	Corporate Bonds	26	0.13%	68.70B	Mar 2010	PAI vs VICSX
PRPIX	T. Rowe Price Corporate Income Fund	Corporate Bonds	21	0.02%	—	Oct 1995	PAI vs PRPIX
SIDCX	SEI Institutional Investments Trust Intermediate D...	Corporate Bonds	20	0.26%	—	Mar 2015	PAI vs SIDCX
DFTEX	DFA Intermediate-Term Extended Quality Portfolio F...	Corporate Bonds	27	0.87%	—	Jul 2010	PAI vs DFTEX
ACISX	AB Corporate Income Shares	Corporate Bonds	28	0.67%	—	Dec 2006	PAI vs ACISX

Compare PAI with Any Fund or Stock

Compare PAI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair PAI with funds that move differently

Western Asset Investment Grade Income Fund Inc. alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PAI.

Explore PAI Diversifiers

Western Asset Investment Grade Income Fund Inc. (PAI) Alternatives