Company: WIA
Filing Date: 2025-07-29
Form Type: N-CSRS
Source: 0001133228-25-007660
Chunk: 8

Company: WESTERN ASSET INFLATION-LINKED INCOME FUND
Filing Date: 2025-07-29
Form: N-CSRS
Chunk 8
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Western Asset Inflation-Linked Income Fund

VIII

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Fund at a glance † (unaudited)

Investment breakdown (%) as a percent of total investments † The bar graph above represents the composition of the Fund’s investments as of May 31, 2025, and November 30, 2024, and does not include derivatives, such as futures contracts, forward foreign currency contracts and swap contracts. The Fund is actively managed. As a result, the composition of the Fund’s investments is subject to change at any time. ‡ Represents less than 0.1%.

Western Asset Inflation-Linked Income Fund 2025 Semi-Annual Report 1

Consolidated schedule of investments (unaudited) May 31, 2025 Western Asset Inflation-Linked Income Fund

(Percentages shown based on Fund net assets)

| Security                                                                 |     | Rate   | MaturityDate | FaceAmount† |          Value |
| U.S. Treasury Inflation Protected Securities — 124.3%                    |     |        |              |             |                |
| U.S. Treasury Bonds, Inflation Indexed                                   |     | 2.000% | 1/15/26      |  11,278,820 | $11,322,336(a) |
| U.S. Treasury Bonds, Inflation Indexed                                   |     | 2.375% | 1/15/27      |   3,171,600 |      3,229,892 |
| U.S. Treasury Bonds, Inflation Indexed                                   |     | 2.500% | 1/15/29      |  13,405,680 |  13,920,968(a) |
| U.S. Treasury Bonds, Inflation Indexed                                   |     | 3.875% | 4/15/29      |  43,769,925 |  47,761,231(a) |
| U.S. Treasury Bonds, Inflation Indexed                                   |     | 2.125% | 2/15/40      |   6,658,200 |   6,512,149(b) |
| U.S. Treasury Bonds, Inflation Indexed                                   |     | 2.125% | 2/15/41      |   2,