Company: WIA
Filing Date: 2025-01-28
Form Type: N-CSR
Source: 0001133228-25-000566
Chunk: 12

Company: WESTERN ASSET INFLATION-LINKED INCOME FUND
Filing Date: 2025-01-28
Form: N-CSR
Chunk 12
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, 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 2024 Annual Report 9

Fund performance (unaudited)

| Net Asset Value               |        |
| Average annual total returns1 |        |
| Twelve Months Ended 11/30/24  |  5.97% |
| Five Years Ended 11/30/24     |   1.22 |
| Ten Years Ended 11/30/24      |   1.98 |
| Cumulative total returns1     |        |
| 11/30/14 through 11/30/24     | 21.68% |

| Market Price                  |        |
| Average annual total returns2 |        |
| Twelve Months Ended 11/30/24  | 11.94% |
| Five Years Ended 11/30/24     |   2.15 |
| Ten Years Ended 11/30/24      |   3.19 |
| Cumulative total returns2     |        |
| 11/30/14 through 11/30/24     | 36.92% |

All figures represent past performance and are not a guarantee of future results. Returns reflect the deduction of all Fund expenses, including management fees, operating expenses, and other Fund expenses. Returns do not reflect the deduction of brokerage commissions or taxes that investors may pay on distributions or the sale of shares.

| 1 | Assumes the reinvestment of all distributions, including returns of capital, if any, 
 at net asset value.                                                                  |
| 2 | Assumes the reinvestment of all distributions, including returns of capital, if any, 
 in additional shares inaccordance with the Fund’s Dividend Reinvestment Plan.        |

10 Western Asset Inflation-Linked Income Fund 2024 Annual Report

Historical performance Value of $10,000 invested in Western Asset Inflation-Linked Income Fund vs. Bloomberg U.S. Government Inflation-Linked 1-10 Year Index and Bloomberg U.S. Government Inflation-Linked All Maturities Index† — November 2014 - November 2024 All figures represent past performance and are not a guarantee of future results. Returns reflect the deduction of all Fund expenses, including management fees, operating expenses, and other Fund expenses. Returns do not reflect the deduction of brokerage commissions or taxes that investors may pay on distributions or the