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 | |
|---|---|---|---|---|---|
| Western Asset Global Corporate Defined Opportunity... | 0.02% | — | Jan 2012 | PAI vs GDO | |
| Nuveen Taxable Municipal Income Fund | 0.04% | — | Dec 2009 | PAI vs NBB | |
| Vanguard Short-Term Corporate Bond Index Fund Inst... | 0.05% | — | Nov 2009 | PAI vs VSTBX | |
| Vanguard Long-Term Corporate Bond Index Fund Insti... | 0.05% | — | Nov 2009 | PAI vs VLCIX | |
| Vanguard Intermediate-Term Corporate Bond Index Fu... | 0.05% | — | Nov 2009 | PAI vs VICBX |
Best Risk-Adjusted Alternatives to PAI
PAI has a PortfoliosLab risk / return rank of 2. There are 50 mutual funds in the Corporate Bonds category with higher risk-adjusted ranks, going as high as 93.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Miller Intermediate Bond Fund | 93 | — | Dec 2014 | PAI vs MIFIX | |
| Vanguard Short-Term Corporate Bond Index Fund Inst... | 83 | — | Nov 2009 | PAI vs VSTBX | |
| Vanguard Short-Term Corporate Bond Index Fund Admi... | 81 | 50.50B | Nov 2010 | PAI vs VSCSX | |
| John Hancock Managed Account Shares Investment-Gra... | 40 | — | Jul 2019 | PAI vs JMABX | |
| LKCM Fixed Income Fund | 32 | — | Dec 1997 | PAI vs LKFIX |
Top Performing PAI Alternatives (YTD)
PAI is at -1.27% YTD. There are 49 mutual funds in the Corporate Bonds category with higher YTD returns, going as high as 5.72%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Miller Intermediate Bond Fund | 5.72% | — | Dec 2014 | PAI vs MIFIX | |
| Nuveen Taxable Municipal Income Fund | 2.20% | — | Dec 2009 | PAI vs NBB | |
| Vanguard Short-Term Corporate Bond Index Fund Inst... | 0.83% | — | Nov 2009 | PAI vs VSTBX | |
| Vanguard Short-Term Corporate Bond Index Fund Admi... | 0.79% | 50.50B | Nov 2010 | PAI vs VSCSX | |
| Western Asset SMASh Series C Fund | 0.78% | — | Dec 2006 | PAI vs LMLCX |
Lowest Volatility Alternatives to PAI
PAI has 7.63% 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 | |
|---|---|---|---|---|---|
| Vanguard Short-Term Corporate Bond Index Fund Inst... | 1.78% | — | Nov 2009 | PAI vs VSTBX | |
| Vanguard Short-Term Corporate Bond Index Fund Admi... | 1.78% | 50.50B | Nov 2010 | PAI vs VSCSX | |
| LKCM Fixed Income Fund | 2.53% | — | Dec 1997 | PAI vs LKFIX | |
| iMGP Dolan McEniry Corporate Bond Fund | 2.79% | — | Sep 2018 | PAI vs IDMIX | |
| Federated Hermes Intermediate Corporate Bond Fund | 3.06% | — | Dec 1993 | PAI vs FIIFX |
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 | |
|---|---|---|---|---|---|
| Vanguard Short-Term Corporate Bond Index Fund Inst... | -1.31% | — | Nov 2009 | PAI vs VSTBX | |
| Vanguard Short-Term Corporate Bond Index Fund Admi... | -1.36% | 50.50B | Nov 2010 | PAI vs VSCSX | |
| LKCM Fixed Income Fund | -1.76% | — | Dec 1997 | PAI vs LKFIX | |
| Federated Hermes Intermediate Corporate Bond Fund | -2.28% | — | Dec 1993 | PAI vs FIIFX | |
| 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 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Franklin DynaTech Fund | Large Cap Growth Equities, Technology Equities | 17 | 9.66% | — | Jan 1968 | PAI vs FKDNX | |
| Franklin Gold and Precious Metals Fund | Gold, Precious Metals | 34 | -8.99% | — | May 1969 | PAI vs FKRCX | |
| Franklin Income Fund Class A1 | Diversified Portfolio | 80 | 5.21% | — | — | PAI vs FKINX | |
| Franklin Growth Fund | Large Cap Growth Equities | 23 | 6.65% | — | Apr 1948 | PAI vs FKGRX | |
| ClearBridge Energy Midstream Opportunity Fund | MLPs, Energy Equities | 34 | 20.75% | — | Jun 2011 | PAI vs EMO | |
| Franklin Rising Dividends Fund | Large Cap Blend Equities | 28 | 6.78% | — | Jan 1987 | PAI vs FRDPX | |
| ClearBridge Large Cap Growth Fund | Large Cap Growth Equities | 8 | 4.70% | — | Aug 1997 | PAI vs SBLGX | |
| Franklin Income Fund Advisor Class | Diversified Portfolio | 86 | 5.36% | — | Aug 1997 | PAI vs FRIAX | |
| ClearBridge Aggressive Growth Fund | Large Cap Blend Equities | 8 | 3.59% | — | Oct 1983 | PAI vs SHRAX | |
| Templeton Institutional Fund International Equity ... | Foreign Large Cap Equities | 43 | 15.10% | — | Oct 1990 | PAI vs TFEQX |
Often Compared With PAI
Investors most often compare PAI with VBF, SHAPX, VLTCX. These 9 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco Bond Fund | Corporate Bonds | 8 | -0.37% | — | Oct 1970 | PAI vs VBF | |
| ClearBridge Appreciation Fund | Large Cap Blend Equities | 32 | 6.56% | — | Mar 1970 | PAI vs SHAPX | |
| Vanguard Long-Term Corporate Bond Index Fund Admir... | Corporate Bonds | 8 | -0.39% | 9.20B | Jan 2010 | PAI vs VLTCX | |
| T. Rowe Price Corporate Income Fund | Corporate Bonds | 23 | 0.30% | — | Oct 1995 | PAI vs PRPIX | |
| Vanguard Intermediate-Term Corporate Bond Index Fu... | Corporate Bonds | 25 | -0.01% | 68.70B | Mar 2010 | PAI vs VICSX | |
| DFA Intermediate-Term Extended Quality Portfolio F... | Corporate Bonds | 24 | 0.54% | — | Jul 2010 | PAI vs DFTEX | |
| SEI Institutional Investments Trust Intermediate D... | Corporate Bonds | 18 | -0.04% | — | Mar 2015 | PAI vs SIDCX | |
| AB Corporate Income Shares | Corporate Bonds | 24 | 0.38% | — | Dec 2006 | PAI vs ACISX | |
| Brandes Separately Managed Account Reserve Trust | Corporate Bonds | 28 | 0.78% | — | Oct 2005 | PAI vs SMARX |
Compare PAI with Any Fund or Stock
Compare PAI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
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