abrdn Australia Equity Fund (IAF) vs Western Asset Investment Grade Income Fund (PAI)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
abrdn Australia Equity Fund is the larger company by market cap ($120.3 million vs $107.9 million), about 1.1 times the size. On valuation, abrdn Australia Equity Fund trades at a lower trailing P/E (7.3x vs 12.5x for Western Asset Investment Grade Income Fund). abrdn Australia Equity Fund offers the higher dividend yield (11.55% vs 5.56%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | IAF | PAI |
|---|---|---|
| Share price | $12.55 | $11.34 |
| Market cap | $120.26M | $107.85M |
| 1-day change | +0.97% | +0.35% |
| P/E ratio (TTM) | 7.30 | 12.46 |
| EPS (TTM) | $1.72 | $0.91 |
| Dividend yield | 11.55% | 5.56% |
| Annual dividend | $1.45 | $0.63 |
| 52-week high | $14.54 | $12.95 |
| 52-week low | $11.76 | $11.25 |
| Distance from 52-week high | -13.69% | -12.43% |
| Average volume | 18.56K | 18.73K |
| Shares outstanding | 9.58M | 9.51M |
| Sector | Finance | Finance |
| Industry | Finance/Investors Services | Trusts Except Educational Religious and Charitable |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Western Asset Investment Grade Income Fund trades at a higher earnings multiple (12.5x vs 7.3x trailing P/E).
- abrdn Australia Equity Fund offers a meaningfully higher dividend yield (11.55% vs 5.56%).
About abrdn Australia Equity Fund
IAF stock →Abrdn Australia Equity Fund Inc is a closed ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund is managed by Aberdeen Standard Investments Australia Limited.
Finance · Finance/Investors Services
About Western Asset Investment Grade Income Fund
PAI stock →Western Asset Investment Grade Income Fund Inc. is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Company.
Finance · Trusts Except Educational Religious and Charitable
IAF vs PAI FAQ
Which is bigger, abrdn Australia Equity Fund or Western Asset Investment Grade Income Fund?
abrdn Australia Equity Fund (IAF) is larger, with a market capitalization of $120.26M compared with $107.85M for Western Asset Investment Grade Income Fund (PAI).
Which has the lower P/E ratio, IAF or PAI?
IAF has the lower trailing P/E at 7.3, versus 12.5 for PAI. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, abrdn Australia Equity Fund or Western Asset Investment Grade Income Fund?
abrdn Australia Equity Fund has the higher yield at 11.55%, compared with 5.56% for Western Asset Investment Grade Income Fund.
Are abrdn Australia Equity Fund and Western Asset Investment Grade Income Fund in the same industry?
Both are in the Finance sector, but in different industries: Finance/Investors Services for abrdn Australia Equity Fund and Trusts Except Educational Religious and Charitable for Western Asset Investment Grade Income Fund.