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0 0 0 0 0.000566419420094401 -0.00303438975050573 -0.00337154416722852 -0.00438300741739713
Stock impact report

WDI: Solid Fund Being Weighted Down By Higher Interest Rates [Seeking Alpha]

Western Asset Diversified Income Fund Common Shares of Beneficial Interest (WDI) 
Company Research Source: Seeking Alpha
WDI's share price has declined, but total returns including distributions reached 8.4% over the past year; most returns are from income, not capital appreciation. The fund's aggressive leverage and high exposure to below-investment-grade credit add risk, especially in a high-rate environment, warranting caution. I maintain a Hold rating on WDI, preferring to see stronger earnings and improved dividend coverage before recommending it as a long-term buy. Andrii Yalanskyi/iStock via Getty Images Overview Western Asset Diversified Income Fund ( NYSE: WDI ) operates as a closed end fund that aims to provide attractive total returns from its portfolio of high-yield credit investments. I believe that an income fund like This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my Show less Read more
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