# EDGAR Filing Document

**Accession Number:** 0000863520
**File Stem:** 0001193125-23-087062
**Filing Date:** 2023-3
**Character Count:** 5158
**Document Hash:** 2407baecde7485eefb179705f31d2765
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-087062.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0001193125-23-087062

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230331

**EFFECTIVENESS DATE**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WESTERN ASSET FUNDS INC
- **CENTRAL INDEX KEY:** 0000863520
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-34929
- **FILM NUMBER:** 23783753

**BUSINESS ADDRESS:**
- **STREET 1:** 100 INTERNATIONAL DRIVE
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202
- **BUSINESS PHONE:** 410-454-2760

**MAIL ADDRESS:**
- **STREET 1:** 100 INTERNATIONAL DRIVE
- **STREET 2:** 7TH FLOOR
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LM INSTITUTIONAL FUND ADVISORS I INC
- **DATE OF NAME CHANGE:** 19980818

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WESTERN ASSET TRUST INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Western Asset Intermediate Bond Fund (Series ID: S000000711)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class I    | WATIX         | C000002076 |
| Class IS   | WABSX         | C000066986 |
| CLASS A    | WATAX         | C000113698 |
| CLASS C    | WATCX         | C000113699 |
| CLASS R    | WATRX         | C000113700 |

---

## Series and Classes Contracts Data

### Western Asset Intermediate Bond Fund (Series ID: S000000711)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000002076 | Class I      | WATIX           |
| C000066986 | Class IS     | WABSX           |
| C000113698 | CLASS A      | WATAX           |
| C000113699 | CLASS C      | WATCX           |
| C000113700 | CLASS R      | WATRX           |

90089-P1

![LOGO](g328068westassetlogo.jpg)

**WESTERN ASSET FUNDS, INC.** 

**SUPPLEMENT DATED MARCH 31, 2023** 

**TO THE SUMMARY PROSPECTUS AND PROSPECTUS** 

**EACH DATED SEPTEMBER 30, 2022, AND THE** 

**STATEMENT OF ADDITIONAL INFORMATION ("SAI")** 

**DATED SEPTEMBER 30, 2022, AS REVISED NOVEMBER 8, 2022, OF** 

**WESTERN ASSET INTERMEDIATE BOND FUND (THE "FUND")** 

------

**I.** **Effective March 31, 2023, the following changes are made to the Fund's Summary Prospectus and Prospectus:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a)** **The table in the section titled "Management – Investment professionals" in the Fund's Summary Prospectus and Prospectus is amended to include the following entry:** 

---

| | | |
|:---|:---|:---|
| **Investment professional** | **Title** | **Investment professional of the<br>fund since** |
| Nicholas Mastroianni | Portfolio Manager | March 2023 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b)** **The table in the section titled "More on fund management – Investment professionals" in the Fund's Prospectus is amended to include the following entry:** 

---

| | | |
|:---|:---|:---|
| **Investment professional** | **Title and recent biography** | **Investment professional of the<br>fund since** |
| Nicholas Mastroianni | Portfolio Manager and has been employed by Western Asset as an investment professional for at least the past five years. | March 2023 |

---

**II.** **Effective March 31, 2023, the following changes are made to the Fund's SAI:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a)** **In the section titled "Investment Professionals – Other Accounts Managed by the Investment Professionals" in the Fund's SAI, the following is added to the table as a new entry under "Intermediate Bond Fund":** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment<br>Professional** | **Type of Account** | **Number of<br>Accounts<br>Managed** | **Total Assets<br>Managed<br>(Billions) ($)** | **Number of<br>Accounts<br>Managed for<br>which Advisory<br>Fee is<br>Performance-<br>Based** | **Assets<br>Managed for<br>which Advisory<br>Fee is<br>Performance<br>Based<br>(Billions) ($)** |
|  Nicholas<br> Mastroianni\* | Registered Investment Companies | 4 | 3.08 |  |  |
|  Nicholas<br> Mastroianni\* | Other Pooled Investment Vehicles | 2 | 0.44 |  |  |
|  | Other Accounts | 36 | 12.16 |  |  |

---

\* Information as of January 31, 2023 and does not reflect additional accounts (including the Fund) for which the investment professional will join the portfolio management team on March 31, 2023.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b)** **In the section titled "Investment Professionals – Investment Professionals Securities Ownership" in the Fund's SAI, the following is added to the table as a new entry under "Intermediate Bond Fund":** 

---

| | |
|:---|:---|
| **Investment Professional** | **Dollar Range of Ownership of Securities ($)** |
|  Nicholas Mastroianni\* | None |

---

\* Information as of January 31, 2023. Mr. Mastroianni joined the Fund's portfolio management team on March 31, 2023.

**Please retain this supplement for future reference.**