WDI May Benefit From Shifting Interest Rate Policy

2026-02-20 04:17:03 ET

The Western Asset Diversified Income Fund ( WDI ) is a closed-end fund designed to provide investors with fixed income exposure across a wide variety of issuances. The strategy is presently allocated most heavily in high-yield credit with a proportional allocation towards lower-rated issuances, offering investors an appealing distribution yield of 12.41% while the portfolio trades at a modest -3.04% discount to NAV. Despite the relatively riskier allocation to high-yield credit, WDI offers broad diversification across issuances where no single issuer holds substantial weight in the portfolio....

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