Western Asset Diversified Income Fund

Western Asset Diversified Income Fund is a closed-end fixed income fund that seeks high current income as its primary objective, with capital appreciation as a secondary objective. The fund invests across a broad range of fixed income sectors and income-oriented securities, aiming to build a diversified portfolio that can capture opportunities beyond traditional bond benchmarks. Managed by Franklin Templeton Fund Adviser and subadvised by Western Asset Management, it is designed to provide exposure to multiple credit and interest-rate environments through active portfolio construction. The fund is part of the fixed income category and uses a multi-sector approach that may include corporate credit, securitized assets, government-related securities, and other debt instruments. Western Asset Diversified Income Fund is positioned as an income-focused vehicle for investors seeking diversified bond market exposure within a closed-end fund structure.