Western Asset Diversified Income Fund - Market Price (%)
Fixed Income
WDI Western Asset Diversified Income Fund
Popular Documents
Overview
Fund Facts
Fund description
Diverse opportunity set: Invests in a wide range of fixed income securities, seeking to go beyond traditional bond benchmarks to access a broad range of opportunities for income and capital appreciation. Income-focused: Potential access to fixed income sectors and private debt not typically available through traditional mutual funds. Flexible and dynamic: Rotates sectors and securities in response to market conditions, focusing on what we believe are undervalued securities with attractive fundamentals. Limited Term: The Fund intends to liquidate on or about June 24, 2033*.
- Fund Inception Date
- 06/24/2021
- Total Net Assets
As of 12/31/2025 (Updated Monthly) - $757.33 Million
- Dividend Frequency, if any
- Monthly
- Morningstar Category
5 - Multisector Bond
- Asset Class
- Fixed Income
Identifiers
- Ticker
- WDI
- NAV Symbol
- XWDIX
- CUSIP Code
- 95790K109
Average Annual Total Returns As of 11/30/2025
- 8.69%1 Year
- 14.74%3 Years
- —5 Years
- —10 Years
- 3.37%Since Inception
06/25/2021
Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the figures shown.
Top Sectors
As of 12/31/2025 % of Total (Updated Monthly)
High-Yield Credit44.95% | |
Collateralized Loan Obligation13.92% | |
Bank Loans10.32% | |
Commercial Mortgage Backed Securities9.62% | |
Non-Agency Retail Mortgage Backed Security7.52% |
Additional Fund Info
- Listing Exchange
- NYSE - XNYS
- Fiscal Year End
- December 31
- Benchmark
- Bloomberg U.S. Corporate High Yield - 2% Issuer Cap Index
- Lipper Classification
- N/A
- Investment Style
- Multi-Sector
Trading Characteristics
- Shares Outstanding
- 51,912,116
- Daily Volume
- 225,561
Manager
About the Team
Western Asset
Western Asset Management is one of the world's leading global fixed income managers. Founded in 1971, the firm is known for team management and proprietary research, supported by robust risk management and a long-term fundamental value approach.
Commentary Highlights
September 30, 2025- Markets: During the third quarter, volatility in both equity and Treasury markets remained relatively subdued. Risk assets performed well, with the S&P 500 Index reaching new highs and credit spreads tightening. US job growth weakened in August, with nonfarm payrolls rising by 22,000 jobs—lower than July’s upwardly revised figure of 79,000 (from 73,000). The Federal Open Market Committee lowered its policy rate by 25 bps at its September meeting, setting the target range for the federal funds rate at 4.00% to 4.25%.
- Contributors : The Fund’s exposure to high-yield bonds, bank loans and collateralized loan obligations was the most significant contributor.
- Detractors : There were no notable detractors during the quarter
- Outlook : U.S. financial conditions are largely supportive, which, alongside fiscal loosening and solid household balance sheets, points toward a positive foundation for growth. Headwinds remain, including doubts over the state of the U.S. labor market, core inflation lingering close to 3% and the potential lagged impact of tariffs. This backdrop should keep the Federal Reserve on a rate-cutting path, albeit with a cautious view of the inflation outlook.
Latest Insights
January 6, 2026
December 15, 2025
October 30, 2025
October 30, 2025
Performance
Calendar Year Returns
As of 11/30/2025
Western Asset Diversified Income Fund - NAV (%)
Bloomberg U.S. Corporate High Yield - 2% Issuer Cap Index (%)
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Returns based on Market Price or NAV, and assume the reinvestment of all distributions at the Dividend Reinvestment Plan Price or NAV, respectively. Returns include the deduction of management fees, operating expenses and all other fund expenses, and do not reflect the deduction of brokerage commissions or taxes that investors may pay on distributions or the sale of shares. Returns for periods of less than one year are not annualized.
Portfolio
Assets
As of11/30/2025 (Updated Monthly)
- Total Assets
8 - $1.14 Billion
- Loans
- 31.45%
- Reverse Repurchase Agreements
- 0.86%
- Total Net Assets
8 - $770.39 Million
Positions
As of 11/30/2025 (Updated Monthly)
Number of Holdings
- Fund
- 411
- Benchmark
- 1,969
Portfolio Statistics
As of 11/30/2025 (Updated Monthly)
Effective Duration
- Fund
- 3.99 Years
- Benchmark
- —
- Fund
- 11.42%
- Benchmark
- —
- Fund
- 8.59 Years
- Benchmark
- 3.57 Years
Sector Allocation
As of 12/31/2025 % of Total (Updated Monthly)
| Sector | Fund |
|---|---|
High-Yield Credit | 44.95% |
Collateralized Loan Obligation | 13.92% |
Bank Loans | 10.32% |
Commercial Mortgage Backed Securities | 9.62% |
Non-Agency Retail Mortgage Backed Security | 7.52% |
Investment-Grade Credit | 3.63% |
EM USD Sovereigns | 3.21% |
Asset-Backed Securities | 2.81% |
EM USD Corporate | 1.60% |
Other | 1.15% |
EM Local Debt | 0.60% |
Cash & Cash Equivalents | 0.67% |
Holdings
As of 11/30/2025 (Updated Monthly)
GS MORTGAGE SECURITIES CORP II 10.3333% Mat 03/10/2041
MIRA TRUST 2023-MILE 9.3000% Mat 06/10/2038
CHS/COMMUNITY HEALTH SYS 6.8750% Mat 04/15/2029
TUTOR PERINI CORP 11.8750% Mat 04/30/2029
Rockies Express Pipeline LLC 7.5000% Mat 07/15/2038
NAVIENT CORP 5.5000% Mat 03/15/2029
OCCIDENTAL PETROLEUM COR 7.5000% Mat 11/01/2096
PM GENERAL PURCHASER LLC 9.5000% Mat 10/01/2028
ZF NA CAPITAL 6.8750% Mat 04/23/2032
GLOBAL AUTO/AAG 11.5 8/29 11.5000%
Distributions & Tax
- Distribution Frequency
- MonthlyThis fund is an ex-Dividend fund
Rates and Yields
Distribution Rate
At Net Asset Value (NAV) 12.17%
At Market Price 12.96%
Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.
Distributions Per Share
02/20/2026
Annually, a fund must distribute all realized capital gains net of realized losses, so the fund will not be subject to an entity level income tax. A fund’s capital gain distribution in a particular year may be a result of the disposition of holdings that appreciated in value during prior years. Thus, while the fund may gain or lose value over the course of a year, a capital gain distribution paid by the fund may not be indicative of current performance of the fund.
The distributable amount of net capital gains are paid on a per-share basis to all investors who hold shares of the fund on the record date of the distribution and are recognized by the shareholder for tax purposes as of the ex-date of the distribution, regardless of when the gains or losses arose in the fund. Net gains on holdings held long term by the fund would be distributed to shareholders as a long-term capital gain distribution no matter how long the shareholder has owned shares in the fund.
Refer to the fund’s annual report for specific information regarding distributions.
Pricing
Pricing History
As of 01/08/2026 (Updated Daily)
Daily Fund Prices
As of 01/08/2026
Share Prices
As of 01/08/2026
52-Week Range
- Highest NAV
- $15.32
- Lowest NAV
- $14.25
- Highest Market Price
- $15.26
- Lowest Market Price
- $12.85
Premium / Discount
As of 01/08/2026
- Avg. of Market Price vs. NAV at Close
- -6.08%
Press Releases
11/24/2025
11/20/2025
08/06/2025
05/19/2025
05/15/2025
02/19/2025
12/20/2024
11/15/2024
11/10/2022
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Western Asset Diversified Income Fund | |||
| Product Commentary - Western Asset Diversified Income Fund | |||
| Closed-End Funds Product Guide | |||
| Distribution Summary - Franklin Templeton Closed-End Fund |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - Western Asset Diversified Income Fund | |||
| Semi-Annual Report - Western Asset Diversified Income Fund | |||
| Policy and Procedures - Audit Committee Charter | |||
| Policy and Procedures - Compensation Committee Charter | |||
| Policy and Procedures - Nominating Committee Charter February 2024 | |||
| Fiscal Q1 Holdings - Western Asset Diversified Income Fund | |||
| Fiscal Q3 Holdings - Western Asset Diversified Income Fund |
Risks
All investments involve risks, including possible loss of principal. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls. Low-rated, high-yield bonds are subject to greater price volatility, illiquidity and possibility of default. Asset-backed, mortgage-backed or mortgage-related securities are subject to prepayment and extension risks. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. Leverage increases the volatility of investment returns and subjects investments to magnified losses and a decline in value. Diversification does not assure against market loss.
Important Information
The Closed-End Funds are not sold or distributed by Franklin Distributors, LLC. (FD, LLC) or any Franklin Templeton affiliated companies. Unlike open-end funds, shares are not continually offered. Like other public companies, closed-end funds have a one-time initial public offering, and once their shares are first issued, are generally bought and sold through non-affiliated broker/dealers and trade on nationally recognized stock exchanges. Share prices will fluctuate with market conditions and, at the time of sale, may be worth more or less than your original investment. Shares of exchange-traded closed-end funds may trade at a discount or premium to their original offering price, and often trade at a discount to their net asset value. Investment return, market price and net asset value will fluctuate with changes in market conditions. The Funds are subject to investment risks, including the possible loss of principal invested.
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
You need Adobe Acrobat Reader to view and print PDF documents. Download a free version from Adobe's website.
Indexes are unmanaged, and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
The Bloomberg U.S. Corporate High Yield - 2% Issuer Cap Index measures the performance of U.S. dollar-denominated, non-investment-grade, fixed-rate, taxable corporate bond market. The Index limits the maximum exposure to any one issuer to 2%.
Source: Bloomberg Indices.
All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.