Company: WIA
Filing Date: 2025-07-29
Form Type: N-CSRS
Source: 0001133228-25-007660
Chunk: 30

Company: WESTERN ASSET INFLATION-LINKED INCOME FUND
Filing Date: 2025-07-29
Form: N-CSRS
Chunk 30
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, the aggregate cost of investments and the aggregate gross unrealized appreciation and depreciation of investments for federal income tax purposes were substantially as follows:

|                                    | Cost/PremiumsPaid (Received) | GrossUnrealizedAppreciation | GrossUnrealizedDepreciation | NetUnrealizedAppreciation(Depreciation) |
| Securities                         |                 $340,207,262 |                  $1,326,678 |               $(19,048,242) |                           $(17,721,564) |
| Futures contracts                  |                            — |                     228,194 |                    -289,227 |                                 -61,033 |
| Forward foreign currency contracts |                            — |                       3,729 |                     -82,100 |                                 -78,371 |
| Swap contracts                     |                      434,961 |                      41,995 |                      -8,438 |                                  33,557 |

Transactions in reverse repurchase agreements for the Fund during the six months ended May 31, 2025, were as follows:

| Average DailyBalance* | Weighted AverageInterest Rate* | Maximum AmountOutstanding |
| $110,596,478          | 4.651%                         |              $111,067,014 |

| *Averages based on the number of days that the Fund had reverse repurchase agreements 
 outstanding.                                                                          |

Interest rates on reverse repurchase agreements ranged from 4.640% to 5.160% during the six months ended May 31, 2025. Interest expense incurred on reverse repurchase agreements totaled $2,600,765.

34 Western Asset Inflation-Linked Income Fund 2025 Semi-Annual Report

4. Derivative instruments and hedging activities Below is a table, grouped by derivative type, that provides information about the fair value and the location of derivatives within the Consolidated Statement of Assets and Liabilities at May 31, 2025.

| ASSET DERIVATIVES1                |                   |                      |            |               |            |          |
|                                   | InterestRate Risk | ForeignExchange Risk | CreditRisk | CommodityRisk | MarketRisk |    Total |
| Futures contracts2                |           $84,174 |                    — |          — |      $144,020 |          — | $228,194 |
| Forward foreign currencycontracts |                 — |               $3,729 |          — |             — |          — |    3,729 |
| OTC swap contracts3               |