Western Asset Diversified Income Fund Inc. (NYSE: WDI) is a closed‐end management investment company that offers investors broad exposure to global fixed‐income markets. Since its inception in 1995, the fund has pursued a strategy designed to generate a high level of current income by allocating its portfolio across a variety of debt instruments. It invests in both investment‐grade and high‐yield securities, government and agency obligations, mortgage‐ and asset‐backed securities, preferred securities, convertible debt instruments, and bank loans.
The fund’s portfolio construction emphasizes diversification by sector and geography, with allocations spanning developed and emerging markets. This approach allows WDI to adjust its exposure to corporate credit, sovereign debt, securitized assets, and floating‐rate instruments based on market conditions and interest rate expectations. The fund employs active duration management to help navigate shifts in interest rates and credit spreads.
Western Asset Diversified Income Fund is managed by Western Asset Management Company LLC, one of the world’s leading fixed‐income specialists. Western Asset was founded in 1971 and has a long history of applying fundamental credit research and disciplined risk management. The firm is a subsidiary of Franklin Templeton, and its global research platform provides the fund’s investment team with insights across more than 50 markets.
WDI’s professional management team leverages the firm’s extensive credit and macroeconomic expertise to identify income opportunities across sectors and regions. The fund’s governance structure includes an independent board of directors responsible for overseeing management and ensuring that the fund’s strategy aligns with shareholder interests.
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