Morgan Stanley Emerging Markets Debt Fund (MSD) 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 8, 2026.
Summary
Morgan Stanley Emerging Markets Debt Fund is the larger company by market cap ($134.5 million vs $107.6 million), about 1.3 times the size. On valuation, Morgan Stanley Emerging Markets Debt Fund trades at a lower trailing P/E (6.3x vs 12.4x for Western Asset Investment Grade Income Fund). Morgan Stanley Emerging Markets Debt Fund offers the higher dividend yield (8.87% vs 5.57%).
Summary generated from market data by MetaCap's automated system. Methodology
Head-to-head
| Metric | MSD | PAI |
|---|---|---|
| Share price | $6.65 | $11.32 |
| Market cap | $134.54M | $107.62M |
| 1-day change | -0.60% | +0.04% |
| P/E ratio (TTM) | 6.27 | 12.43 |
| EPS (TTM) | $1.06 | $0.91 |
| Dividend yield | 8.87% | 5.57% |
| Annual dividend | $0.59 | $0.63 |
| 52-week high | $7.94 | $12.95 |
| 52-week low | $6.62 | $11.25 |
| Distance from 52-week high | -16.25% | -12.63% |
| Average volume | 65.72K | 18.29K |
| Shares outstanding | 20.23M | 9.51M |
| Sector | Finance | Finance |
| Industry | Trusts Except Educational Religious and Charitable | 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 (12.4x vs 6.3x trailing P/E).
- Morgan Stanley Emerging Markets Debt Fund offers a meaningfully higher dividend yield (8.87% vs 5.57%).
About Morgan Stanley Emerging Markets Debt Fund
MSD stock →Morgan Stanley Emerging Markets Debt Fund, Inc. is a closed ended fixed income fund launched and managed by Morgan Stanley Investment Management Inc.
Finance · Trusts Except Educational Religious and Charitable
MSD vs PAI FAQ
Which is bigger, Morgan Stanley Emerging Markets Debt Fund or Western Asset Investment Grade Income Fund?
Morgan Stanley Emerging Markets Debt Fund (MSD) is larger, with a market capitalization of $134.54M compared with $107.62M for Western Asset Investment Grade Income Fund (PAI).
Which has the lower P/E ratio, MSD or PAI?
MSD has the lower trailing P/E at 6.3, versus 12.4 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, Morgan Stanley Emerging Markets Debt Fund or Western Asset Investment Grade Income Fund?
Morgan Stanley Emerging Markets Debt Fund has the higher yield at 8.87%, compared with 5.57% for Western Asset Investment Grade Income Fund.
Are Morgan Stanley Emerging Markets Debt Fund and Western Asset Investment Grade Income Fund in the same industry?
Yes. Both are classified in the Trusts Except Educational Religious and Charitable industry within the Finance sector.