Western Asset Investment Grade Income Fund (PAI) 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
Western Asset Investment Grade Income Fund is the larger company by market cap ($107.5 million vs $94.0 million), about 1.1 times the size. On valuation, Western Asset Investment Grade Income Fund trades at a lower trailing P/E (12.4x vs 23.9x for High Income Securities Fund). High Income Securities Fund offers the higher dividend yield (14.28% vs 5.58%).
Summary generated from market data by MetaCap's automated system. Methodology
Head-to-head
| Metric | PAI | PCF |
|---|---|---|
| Share price | $11.30 | $5.02 |
| Market cap | $107.47M | $93.96M |
| 1-day change | -0.44% | -0.59% |
| P/E ratio (TTM) | 12.42 | 23.90 |
| EPS (TTM) | $0.91 | $0.21 |
| Dividend yield | 5.58% | 14.28% |
| Annual dividend | $0.63 | $0.717 |
| 52-week high | $12.95 | $6.35 |
| 52-week low | $11.25 | $4.95 |
| Distance from 52-week high | -12.74% | -20.94% |
| Average volume | 18.03K | 97.59K |
| Shares outstanding | 9.51M | 18.72M |
| 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
- High Income Securities Fund trades at a higher earnings multiple (23.9x vs 12.4x trailing P/E).
- High Income Securities Fund offers a meaningfully higher dividend yield (14.28% vs 5.58%).
PAI vs PCF FAQ
Which is bigger, Western Asset Investment Grade Income Fund or High Income Securities Fund?
Western Asset Investment Grade Income Fund (PAI) is larger, with a market capitalization of $107.47M compared with $93.96M for High Income Securities Fund (PCF).
Which has the lower P/E ratio, PAI or PCF?
PAI has the lower trailing P/E at 12.4, versus 23.9 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 Income Fund or High Income Securities Fund?
High Income Securities Fund has the higher yield at 14.28%, compared with 5.58% for Western Asset Investment Grade Income Fund.
Are Western Asset Investment Grade Income Fund and High Income Securities Fund in the same industry?
Yes. Both are classified in the Trusts Except Educational Religious and Charitable industry within the Finance sector.