Western Asset Diversified Income Fund (WDI) is a closed-end investment company that invests in a diversified portfolio of debt securities, including mortgage-backed securities, asset-backed securities, corporate bonds, and government bonds. The fund's objective is to provide high current income, with capital appreciation as a secondary objective.
As of September 30, 2021, the fund had total net assets of approximately $234 million and employed a leverage ratio of approximately 28%. The fund's portfolio had an average duration of approximately 3.6 years and an average credit quality of BBB-.
The fund's investment manager is Legg Mason Partners Fund Advisor, LLC, which is a subsidiary of Legg Mason, Inc. The fund is traded on the New York Stock Exchange under the ticker symbol WDI.
Investing in WDI carries risks, including market risk, interest rate risk, credit risk, and leverage risk. The fund's net asset value and market price can fluctuate based on market conditions, and there is no guarantee that the fund will achieve its investment objective. Investors should carefully consider the fund's investment objectives, risks, charges, and expenses before investing.
As with any investment, it is important for investors to conduct their own due diligence and consult with a financial professional to determine whether WDI is a suitable investment for their individual needs and risk tolerance.
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