Western Asset Investment Grade Opportunity (IGI) vs High Income Securities Fund (PCF)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
High Income Securities Fund is the larger company by market cap ($94.5 million vs $91.8 million), about 1.0 times the size. On valuation, Western Asset Investment Grade Opportunity trades at a lower trailing P/E (13.6x vs 24.0x for High Income Securities Fund). High Income Securities Fund pays a dividend yielding 14.20%, while Western Asset Investment Grade Opportunity does not currently pay one.
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 | IGI | PCF |
|---|---|---|
| Share price | $15.32 | $5.05 |
| Market cap | $91.82M | $94.52M |
| 1-day change | -0.13% | +0.60% |
| P/E ratio (TTM) | 13.56 | 24.05 |
| EPS (TTM) | $1.13 | $0.21 |
| Dividend yield | 5.55% | 14.20% |
| Annual dividend | $0.00 | $0.717 |
| 52-week high | $16.93 | $6.35 |
| 52-week low | $15.08 | $4.95 |
| Distance from 52-week high | -9.51% | -20.47% |
| Average volume | 13.51K | 97.91K |
| Shares outstanding | 5.99M | 18.72M |
| Sector | Financial Services | Financial Services |
| Industry | Asset Management | Asset Management |
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
- High Income Securities Fund trades at a higher earnings multiple (24.0x vs 13.6x trailing P/E).
- High Income Securities Fund offers a meaningfully higher dividend yield (14.20% vs 5.55%).
About Western Asset Investment Grade Opportunity
IGI stock →Western Asset Investment Grade Opportunity Trust Inc. is a close-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC.
Financial Services · Asset Management
About High Income Securities Fund
PCF stock →High Income Securities Fund is a closed-ended balanced income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited.
Financial Services · Asset Management
IGI vs PCF FAQ
Which is bigger, Western Asset Investment Grade Opportunity or High Income Securities Fund?
High Income Securities Fund (PCF) is larger, with a market capitalization of $94.52M compared with $91.82M for Western Asset Investment Grade Opportunity (IGI).
Which has the lower P/E ratio, IGI or PCF?
IGI has the lower trailing P/E at 13.6, versus 24.0 for PCF. 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, Western Asset Investment Grade Opportunity or High Income Securities Fund?
High Income Securities Fund has the higher yield at 14.20%, compared with 5.55% for Western Asset Investment Grade Opportunity.
Are Western Asset Investment Grade Opportunity and High Income Securities Fund in the same industry?
Yes. Both are classified in the Asset Management industry within the Financial Services sector.