Western Asset Investment Grade Income Fund (PAI) vs RiverNorth Managed Duration Municipal Income Fund II (RMMZ)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
RiverNorth Managed Duration Municipal Income Fund II is the larger company by market cap ($112.3 million vs $107.5 million), about 1.0 times the size. On valuation, RiverNorth Managed Duration Municipal Income Fund II trades at a lower trailing P/E (7.9x vs 12.4x for Western Asset Investment Grade Income Fund). Western Asset Investment Grade Income Fund pays a dividend yielding 5.58%, while RiverNorth Managed Duration Municipal Income Fund II 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 | PAI | RMMZ |
|---|---|---|
| Share price | $11.30 | $13.28 |
| Market cap | $107.47M | $112.28M |
| 1-day change | -0.35% | +2.71% |
| YTD return | — | -10.95% |
| 1-year return | — | -12.85% |
| P/E ratio (TTM) | 12.42 | 7.90 |
| EPS (TTM) | $0.91 | $1.68 |
| Dividend yield | 5.58% | 8.27% |
| Annual dividend | $0.63 | $0.00 |
| 52-week high | $12.95 | $15.29 |
| 52-week low | $11.25 | $12.77 |
| Distance from 52-week high | -12.74% | -13.15% |
| Average volume | 18.73K | 19.94K |
| Shares outstanding | 9.51M | 8.46M |
| Sector | Finance | Finance |
| Industry | Trusts Except Educational Religious and Charitable | Investment Managers |
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 7.9x trailing P/E).
- RiverNorth Managed Duration Municipal Income Fund II offers a meaningfully higher dividend yield (8.27% vs 5.58%).
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
PAI vs RMMZ FAQ
Which is bigger, Western Asset Investment Grade Income Fund or RiverNorth Managed Duration Municipal Income Fund II?
RiverNorth Managed Duration Municipal Income Fund II (RMMZ) is larger, with a market capitalization of $112.28M compared with $107.47M for Western Asset Investment Grade Income Fund (PAI).
Which has the lower P/E ratio, PAI or RMMZ?
RMMZ has the lower trailing P/E at 7.9, 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, Western Asset Investment Grade Income Fund or RiverNorth Managed Duration Municipal Income Fund II?
RiverNorth Managed Duration Municipal Income Fund II has the higher yield at 8.27%, compared with 5.58% for Western Asset Investment Grade Income Fund.
Are Western Asset Investment Grade Income Fund and RiverNorth Managed Duration Municipal Income Fund II in the same industry?
Both are in the Finance sector, but in different industries: Trusts Except Educational Religious and Charitable for Western Asset Investment Grade Income Fund and Investment Managers for RiverNorth Managed Duration Municipal Income Fund II.