Western Asset Diversified Income Fund
WDI
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Jane Elizabeth Trust
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- Legg Mason New York City NY United States of America 10018
- IPO Date
- Jun 25, 2021
- CIK
- 0001819559
- Website
- franklintempleton.com
- Similar Companies
- Business
- Western Asset Diversified Income Fund (NYSE: WDI) is a closed-end management investment company that seeks a high level of current income with a secondary objective of total return. The Fund pursues its investment objectives by investing in a diversified portfolio of income-producing debt and related equity securities, including high yield corporate bonds, senior loans, U.S. and non-U.S. government securities, mortgage- and asset-backed securities, sovereign debt, and emerging market debt; it employs a multi-sector strategy managed by Franklin Templeton subsidiary Western Asset Management Company, which emphasizes bottom-up security selection and opportunistic allocation across fixed income sectors. The Fund is advised by Western Asset Management Company, headquartered in Pasadena, California, and launched in February 2024. Geographically, the Fund invests globally, with significant exposure to U.S. dollar-denominated securities alongside opportunities in developed and emerging international markets, targeting institutional and retail investors seeking enhanced income in varying interest rate environments. Its portfolio emphasizes floating-rate and shorter-duration instruments to mitigate interest rate risk while capturing credit upside, with leverage employed through reverse repurchase agreements and other instruments to amplify yield. In late 2024, the Fund announced a strategic rights offering to increase its capital base and enhance liquidity for shareholders, allowing eligible investors to purchase additional shares at a discount to net asset value; this followed its initial public offering and reflected efforts to scale assets under management amid favorable fixed income market conditions. Additionally, under Franklin Templeton's ownership following the 2023 acquisition of Western Asset, the Fund benefited from integrated platform enhancements, including advanced risk analytics and expanded research capabilities, positioning it for opportunistic investments in a post-rate hike cycle. No major acquisitions or name changes have occurred recently, with operations focused on portfolio optimization amid 2025's evolving yield curve dynamics.