# EDGAR Filing Document

**Accession Number:** 0000863520
**File Stem:** 0000940400-26-021658
**Filing Date:** 2026-5
**Character Count:** 67978
**Document Hash:** 733863b78722a4fa296366de1d08c9db
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-021658.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0000940400-26-021658

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WESTERN ASSET FUNDS INC
- **CENTRAL INDEX KEY:** 0000863520

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06110
- **FILM NUMBER:** 261031921

**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 Inflation Indexed Plus Bond Fund (Series ID: S000000715)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000002083 | Class FI     | WATPX           |
| C000002084 | Class I      | WAIIX           |
| C000066990 | Class IS     | WAFSX           |
| C000113707 | CLASS A      | WAFAX           |
| C000113708 | CLASS C      | WAFCX           |
| C000113709 | CLASS R      | WAFRX           |
| C000117036 | Class C1     | LWICX           |

## Nport-Ex

Schedule of Investments (unaudited)

March 31, 2026

***If you need assistance accessing this content, please reach out to your sales representative or send an email to*** <u>accessibility@franklintempleton.com.</u>

 **Western Asset Inflation Indexed Plus Bond Fund**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity <br>Date<br>| Face <br>Amount<br>| Value |
| **U.S. Treasury Inflation Protected Securities — 85.8%** | **U.S. Treasury Inflation Protected Securities — 85.8%** | **U.S. Treasury Inflation Protected Securities — 85.8%** | **U.S. Treasury Inflation Protected Securities — 85.8%** | **U.S. Treasury Inflation Protected Securities — 85.8%** |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds, Inflation Indexed | &nbsp;&nbsp; 2.500% | &nbsp;&nbsp; 1/15/29 | &nbsp;&nbsp; $1817904<br>| &nbsp;&nbsp;&nbsp; $1886298<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds, Inflation Indexed | &nbsp;&nbsp; 3.875% | &nbsp;&nbsp; 4/15/29 | &nbsp;&nbsp; 4154850<br>| &nbsp;&nbsp;&nbsp; 4483501<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds, Inflation Indexed | &nbsp;&nbsp; 2.125% | &nbsp;&nbsp; 2/15/40 | &nbsp;&nbsp; 752410<br>| &nbsp;&nbsp;&nbsp; 737122<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds, Inflation Indexed | &nbsp;&nbsp; 1.375% | &nbsp;&nbsp; 2/15/44 | &nbsp;&nbsp; 279116<br>| &nbsp;&nbsp;&nbsp; 230856<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds, Inflation Indexed | &nbsp;&nbsp; 0.750% | &nbsp;&nbsp; 2/15/45 | &nbsp;&nbsp; 3176806<br>| &nbsp;&nbsp;&nbsp; 2284826<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds, Inflation Indexed | &nbsp;&nbsp; 0.250% | &nbsp;&nbsp; 2/15/50 | &nbsp;&nbsp; 3921810<br>| &nbsp;&nbsp;&nbsp; 2222804<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds, Inflation Indexed | &nbsp;&nbsp; 0.125% | &nbsp;&nbsp; 2/15/52 | &nbsp;&nbsp; 1752600<br>| &nbsp;&nbsp;&nbsp; 910944<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes, Inflation Indexed | &nbsp;&nbsp; 0.875% | &nbsp;&nbsp; 1/15/29 | &nbsp;&nbsp; 1288110<br>| &nbsp;&nbsp;&nbsp; 1278989<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes, Inflation Indexed | &nbsp;&nbsp; 0.250% | &nbsp;&nbsp; 7/15/29 | &nbsp;&nbsp; 1017232<br>| &nbsp;&nbsp;&nbsp; 989635<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes, Inflation Indexed | &nbsp;&nbsp; 1.625% | &nbsp;&nbsp; 10/15/29 | &nbsp;&nbsp; 2377464<br>| &nbsp;&nbsp;&nbsp; 2415815<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes, Inflation Indexed | &nbsp;&nbsp; 0.125% | &nbsp;&nbsp; 1/15/30 | &nbsp;&nbsp; 2275524<br>| &nbsp;&nbsp;&nbsp; 2178601<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes, Inflation Indexed | &nbsp;&nbsp; 1.625% | &nbsp;&nbsp; 4/15/30 | &nbsp;&nbsp; 1021750<br>| &nbsp;&nbsp;&nbsp; 1032311<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes, Inflation Indexed | &nbsp;&nbsp; 1.125% | &nbsp;&nbsp; 10/15/30 | &nbsp;&nbsp; 1508280<br>| &nbsp;&nbsp;&nbsp; 1495237<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes, Inflation Indexed | &nbsp;&nbsp; 1.125% | &nbsp;&nbsp; 1/15/33 | &nbsp;&nbsp; 2948130<br>| &nbsp;&nbsp;&nbsp; 2840449<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes, Inflation Indexed | &nbsp;&nbsp; 1.750% | &nbsp;&nbsp; 1/15/34 | &nbsp;&nbsp; 6666093<br>| &nbsp;&nbsp;&nbsp; 6640490<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes, Inflation Indexed | &nbsp;&nbsp; 2.125% | &nbsp;&nbsp; 1/15/35 | &nbsp;&nbsp; 2782701<br>| &nbsp;&nbsp;&nbsp; 2830593<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes, Inflation Indexed | &nbsp;&nbsp; 1.875% | &nbsp;&nbsp; 7/15/35 | &nbsp;&nbsp; 1316822<br>| &nbsp;&nbsp;&nbsp; 1310794<br>|
| **Total U.S. Treasury Inflation Protected Securities (Cost — $37,083,545)** | **Total U.S. Treasury Inflation Protected Securities (Cost — $37,083,545)** | **Total U.S. Treasury Inflation Protected Securities (Cost — $37,083,545)** | **Total U.S. Treasury Inflation Protected Securities (Cost — $37,083,545)** | &nbsp;&nbsp; **35769265** |
| **Corporate Bonds & Notes — 5.9%** | **Corporate Bonds & Notes — 5.9%** | **Corporate Bonds & Notes — 5.9%** | **Corporate Bonds & Notes — 5.9%** | **Corporate Bonds & Notes — 5.9%** |
| **Energy — 2.5%** | **Energy — 2.5%** | **Energy — 2.5%** | **Energy — 2.5%** | **Energy — 2.5%** |
| *Oil, Gas & Consumable Fuels — 2.5%* | *Oil, Gas & Consumable Fuels — 2.5%* | *Oil, Gas & Consumable Fuels — 2.5%* | *Oil, Gas & Consumable Fuels — 2.5%* | *Oil, Gas & Consumable Fuels — 2.5%* |
| &nbsp;&nbsp;&nbsp; Columbia Pipelines Holding Co. LLC, Senior Notes | &nbsp;&nbsp; 6.042% | &nbsp;&nbsp; 8/15/28 | &nbsp;&nbsp; 130000<br>| &nbsp;&nbsp;&nbsp; 134246<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Ecopetrol SA, Senior Notes | &nbsp;&nbsp; 4.625% | &nbsp;&nbsp; 11/2/31 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 177871<br>|
| &nbsp;&nbsp;&nbsp; Energy Transfer LP, Senior Notes | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 4/15/29 | &nbsp;&nbsp; 120000<br>| &nbsp;&nbsp;&nbsp; 122247<br>|
| &nbsp;&nbsp;&nbsp; EQT Corp., Senior Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/15/29 | &nbsp;&nbsp; 120000<br>| &nbsp;&nbsp;&nbsp; 120802<br>|
| &nbsp;&nbsp;&nbsp; Occidental Petroleum Corp., Senior Notes | &nbsp;&nbsp; 3.500% | &nbsp;&nbsp; 8/15/29 | &nbsp;&nbsp; 240000<br>| &nbsp;&nbsp;&nbsp; 230179<br>|
| &nbsp;&nbsp;&nbsp; ONEOK Inc., Senior Notes | &nbsp;&nbsp; 5.800% | &nbsp;&nbsp; 11/1/30 | &nbsp;&nbsp; 110000<br>| &nbsp;&nbsp;&nbsp; 114522<br>|
| &nbsp;&nbsp;&nbsp; Targa Resources Corp., Senior Notes | &nbsp;&nbsp; 4.200% | &nbsp;&nbsp; 2/1/33 | &nbsp;&nbsp; 130000<br>| &nbsp;&nbsp;&nbsp; 123140<br>|
| **Total Energy** | **Total Energy** | **Total Energy** | **Total Energy** | &nbsp;&nbsp; **1023007** |
| **Materials — 3.2%** | **Materials — 3.2%** | **Materials — 3.2%** | **Materials — 3.2%** | **Materials — 3.2%** |
| *Metals & Mining — 2.7%* | *Metals & Mining — 2.7%* | *Metals & Mining — 2.7%* | *Metals & Mining — 2.7%* | *Metals & Mining — 2.7%* |
| &nbsp;&nbsp;&nbsp; Antofagasta PLC, Senior Notes | &nbsp;&nbsp; 2.375% | &nbsp;&nbsp; 10/14/30 | &nbsp;&nbsp; 340000<br>| &nbsp;&nbsp;&nbsp; 305097<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; ArcelorMittal SA, Senior Notes | &nbsp;&nbsp; 7.000% | &nbsp;&nbsp; 10/15/39 | &nbsp;&nbsp; 140000<br>| &nbsp;&nbsp;&nbsp; 152360<br>|
| &nbsp;&nbsp;&nbsp; Capstone Copper Corp., Senior Notes | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 3/31/33 | &nbsp;&nbsp; 80000<br>| &nbsp;&nbsp;&nbsp; 79547<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; First Quantum Minerals Ltd., Senior Notes | &nbsp;&nbsp; 8.000% | &nbsp;&nbsp; 3/1/33 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 208721<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Glencore Funding LLC, Senior Notes | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 3/27/27 | &nbsp;&nbsp; 140000<br>| &nbsp;&nbsp;&nbsp; 139418<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Yamana Gold Inc., Senior Notes | &nbsp;&nbsp; 4.625% | &nbsp;&nbsp; 12/15/27 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; 229564<br>|
| *Total Metals & Mining* | *Total Metals & Mining* | *Total Metals & Mining* | *Total Metals & Mining* | &nbsp;&nbsp; *1114707* |
| *Paper & Forest Products — 0.5%* | *Paper & Forest Products — 0.5%* | *Paper & Forest Products — 0.5%* | *Paper & Forest Products — 0.5%* | *Paper & Forest Products — 0.5%* |
| &nbsp;&nbsp;&nbsp; Inversiones CMPC SA, Senior Notes | &nbsp;&nbsp; 4.375% | &nbsp;&nbsp; 4/4/27 | &nbsp;&nbsp; 240000<br>| &nbsp;&nbsp;&nbsp;&nbsp; *239486*<br> <sup>(b)</sup><br>|
| **Total Materials** | **Total Materials** | **Total Materials** | **Total Materials** | &nbsp;&nbsp; **1354193** |
| **Utilities — 0.2%** | **Utilities — 0.2%** | **Utilities — 0.2%** | **Utilities — 0.2%** | **Utilities — 0.2%** |
| *Electric Utilities — 0.2%* | *Electric Utilities — 0.2%* | *Electric Utilities — 0.2%* | *Electric Utilities — 0.2%* | *Electric Utilities — 0.2%* |
| &nbsp;&nbsp;&nbsp; Constellation Energy Generation LLC, Senior Notes | &nbsp;&nbsp; 6.125% | &nbsp;&nbsp; 1/15/34 | &nbsp;&nbsp; 90000<br>| &nbsp;&nbsp;&nbsp; **96078**<br>|
| **Total Corporate Bonds & Notes (Cost — $2,498,860)** | **Total Corporate Bonds & Notes (Cost — $2,498,860)** | **Total Corporate Bonds & Notes (Cost — $2,498,860)** | **Total Corporate Bonds & Notes (Cost — $2,498,860)** | &nbsp;&nbsp; **2473278** |

---

See Notes to Schedule of Investments.

------

Western Asset Inflation Indexed Plus Bond Fund 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

March 31, 2026

 **Western Asset Inflation Indexed Plus Bond Fund**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| **Collateralized Mortgage Obligations**<sup>(c)</sup> **— 5.1%** | **Collateralized Mortgage Obligations**<sup>(c)</sup> **— 5.1%** | **Collateralized Mortgage Obligations**<sup>(c)</sup> **— 5.1%** | **Collateralized Mortgage Obligations**<sup>(c)</sup> **— 5.1%** | **Collateralized Mortgage Obligations**<sup>(c)</sup> **— 5.1%** |
| &nbsp;&nbsp;&nbsp; Benchmark Mortgage Trust, 2023-B38 A4 | &nbsp;&nbsp; 5.525% | &nbsp;&nbsp; 4/15/56 | &nbsp;&nbsp; $130000<br>| &nbsp;&nbsp;&nbsp; $134077<br>|
| &nbsp;&nbsp;&nbsp; BLP Commercial Mortgage Trust, 2023-IND A (1 mo. Term SOFR + 1.692%) | &nbsp;&nbsp; 5.365% | &nbsp;&nbsp; 3/15/40 | &nbsp;&nbsp; 311530<br>| &nbsp;&nbsp;&nbsp; 312091<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; BX Trust, 2022-VAMF A (1 mo. Term SOFR + 0.850%) | &nbsp;&nbsp; 4.523% | &nbsp;&nbsp; 1/15/39 | &nbsp;&nbsp; 144595<br>| &nbsp;&nbsp;&nbsp; 144531<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Citigroup Commercial Mortgage Trust, 2023-SMRT A | &nbsp;&nbsp; 5.820% | &nbsp;&nbsp; 10/12/40 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; 234575<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; COLT Mortgage Loan Trust, 2025-11 A3 | &nbsp;&nbsp; 5.409% | &nbsp;&nbsp; 11/25/70 | &nbsp;&nbsp; 95591<br>| &nbsp;&nbsp;&nbsp; 95249<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Deephaven Residential Mortgage Trust, 2022-1 A2 | &nbsp;&nbsp; 2.961% | &nbsp;&nbsp; 1/25/67 | &nbsp;&nbsp; 210000<br>| &nbsp;&nbsp;&nbsp; 178883<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Deephaven Residential Mortgage Trust, 2026-INV1 A1 | &nbsp;&nbsp; 4.797% | &nbsp;&nbsp; 12/25/70 | &nbsp;&nbsp; 98063<br>| &nbsp;&nbsp;&nbsp; 97343<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Ellington Financial Mortgage Trust, 2022-1 A2 | &nbsp;&nbsp; 3.001% | &nbsp;&nbsp; 1/25/67 | &nbsp;&nbsp; 120000<br>| &nbsp;&nbsp;&nbsp; 90653<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. (FHLMC) REMIC, Structured Agency Credit Risk <br> Trust, 2021-DNA6 M2 (30 Day Average SOFR + 1.500%) | &nbsp;&nbsp; 5.162% | &nbsp;&nbsp; 10/25/41 | &nbsp;&nbsp; 142474<br>| &nbsp;&nbsp;&nbsp; 142642<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. (FHLMC) REMIC, Structured Agency Credit Risk <br> Trust, 2026-DNA2 B1 (30 Day Average SOFR + 2.100%) | &nbsp;&nbsp; 5.772% | &nbsp;&nbsp; 3/25/46 | &nbsp;&nbsp; 100000<br>| &nbsp;&nbsp;&nbsp; 100118<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. (FHLMC) REMIC, Structured Agency Credit Risk <br> Trust, 2022-DNA2 M1B (30 Day Average SOFR + 2.400%) | &nbsp;&nbsp; 6.062% | &nbsp;&nbsp; 2/25/42 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 201833<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Morgan Stanley Bank of America Merrill Lynch Trust, 2016-C32 A3 | &nbsp;&nbsp; 3.459% | &nbsp;&nbsp; 12/15/49 | &nbsp;&nbsp; 189679<br>| &nbsp;&nbsp;&nbsp; 188584<br>|
| &nbsp;&nbsp;&nbsp; PRKCM Trust, 2025-AFC1 A1 | &nbsp;&nbsp; 5.101% | &nbsp;&nbsp; 10/25/60 | &nbsp;&nbsp; 95705<br>| &nbsp;&nbsp;&nbsp; 95513<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; WaMu Mortgage Pass-Through Certificates Trust, 2005-AR4 A5 | &nbsp;&nbsp; 4.253% | &nbsp;&nbsp; 4/25/35 | &nbsp;&nbsp; 112043<br>| &nbsp;&nbsp;&nbsp; 109563<br> <sup>(d)</sup><br>|
| **Total Collateralized Mortgage Obligations (Cost — $2,171,619)** | **Total Collateralized Mortgage Obligations (Cost — $2,171,619)** | **Total Collateralized Mortgage Obligations (Cost — $2,171,619)** | **Total Collateralized Mortgage Obligations (Cost — $2,171,619)** | &nbsp;&nbsp; **2125655** |
| **Sovereign Bonds — 1.0%** | **Sovereign Bonds — 1.0%** | **Sovereign Bonds — 1.0%** | **Sovereign Bonds — 1.0%** | **Sovereign Bonds — 1.0%** |
| *Peru — 1.0%* | *Peru — 1.0%* | *Peru — 1.0%* | *Peru — 1.0%* | *Peru — 1.0%* |
| &nbsp;&nbsp;&nbsp; Peruvian Government International Bond, Senior Notes | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 3/30/36 | &nbsp;&nbsp; 90000<br>| &nbsp;&nbsp;&nbsp; 89811<br>|
| &nbsp;&nbsp;&nbsp; Peruvian Government International Bond, Senior Notes | &nbsp;&nbsp; 3.300% | &nbsp;&nbsp; 3/11/41 | &nbsp;&nbsp; 410000<br>| &nbsp;&nbsp;&nbsp; 309919<br>|
| **Total Sovereign Bonds (Cost — $403,769)** | **Total Sovereign Bonds (Cost — $403,769)** | **Total Sovereign Bonds (Cost — $403,769)** | **Total Sovereign Bonds (Cost — $403,769)** | &nbsp;&nbsp; **399730** |
| **Total Investments — 97.8% (Cost — $42,157,793)** | **Total Investments — 97.8% (Cost — $42,157,793)** | **Total Investments — 97.8% (Cost — $42,157,793)** | **Total Investments — 97.8% (Cost — $42,157,793)** | &nbsp;&nbsp; **40767928** |
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 2.2% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 2.2% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 2.2% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 2.2% | &nbsp;&nbsp;&nbsp; 901618 |
| **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | &nbsp;&nbsp; **$41669546** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Security is exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold in transactions that are exempt from registration, normally to qualified institutional buyers. This security has been deemed liquid pursuant to guidelines approved by the Board of Directors. 

<sup>(b)</sup> Security is exempt from registration under Regulation S of the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States. This security has been deemed liquid pursuant to guidelines approved by the Board of Directors. 

<sup>(c)</sup> Collateralized mortgage obligations are secured by an underlying pool of mortgages or mortgage pass-through certificates that are structured to direct payments on underlying collateral to different series or classes of the obligations. The interest rate may change positively or inversely in relation to one or more interest rates, financial indices or other financial indicators and may be subject to an upper and/or lower limit. 

<sup>(d)</sup> Variable rate security. Interest rate disclosed is as of the most recent information available. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** |
| REMIC |  | Real Estate Mortgage Investment Conduit |
| SOFR |  | Secured Overnight Financing Rate |

---

See Notes to Schedule of Investments.

------

Western Asset Inflation Indexed Plus Bond Fund 2026 Quarterly Report

------

 **Western Asset Inflation Indexed Plus Bond Fund**

At March 31, 2026, the Fund had the following open written options contracts:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Exchange-Traded Written Options** | **Exchange-Traded Written Options** | **Exchange-Traded Written Options** | **Exchange-Traded Written Options** | **Exchange-Traded Written Options** | **Exchange-Traded Written Options** |
| Security | &nbsp;&nbsp;&nbsp; Expiration <br>Date<br>| &nbsp;&nbsp;&nbsp; Strike <br>Price<br>| Contracts | &nbsp;&nbsp;&nbsp; Notional <br>Amount<br>| Value |
| U.S. Treasury 5-Year Notes Futures, Call | &nbsp;&nbsp;&nbsp;&nbsp; 4/24/26 | &nbsp;&nbsp;&nbsp;&nbsp; $109.000 | &nbsp;&nbsp;&nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp;&nbsp; $8000 | &nbsp;&nbsp;&nbsp;&nbsp; $(1438) |
| U.S. Treasury 5-Year Notes Futures, Put | &nbsp;&nbsp;&nbsp;&nbsp; 4/24/26 | &nbsp;&nbsp;&nbsp;&nbsp;107.000 | &nbsp;&nbsp;&nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp;&nbsp; 8000 | &nbsp;&nbsp;&nbsp;&nbsp; (1125) |
| **Total Exchange-Traded Written Options (Premiums received — $3,629)** | **Total Exchange-Traded Written Options (Premiums received — $3,629)** | **Total Exchange-Traded Written Options (Premiums received — $3,629)** | **Total Exchange-Traded Written Options (Premiums received — $3,629)** | **Total Exchange-Traded Written Options (Premiums received — $3,629)** | &nbsp;&nbsp;&nbsp; **$(2563)** |

---

At March 31, 2026, the Fund had the following open futures contracts:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp; <br> Number of <br>Contracts<br>| &nbsp;&nbsp;&nbsp; <br> Expiration <br>Date<br>| &nbsp;&nbsp;&nbsp; <br> Notional <br>Amount<br>| &nbsp;&nbsp;&nbsp; <br> Market <br>Value<br>| &nbsp;&nbsp;&nbsp; <br> Unrealized <br>Appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(Depreciation)<br>|
| **Contracts to Buy:** |  |  |  |  |  |
| 3-Month SOFR | &nbsp;&nbsp;&nbsp;&nbsp; 9 | &nbsp;&nbsp;&nbsp;&nbsp; 6/26 | &nbsp;&nbsp;&nbsp;&nbsp; $2171494 | &nbsp;&nbsp;&nbsp;&nbsp; $2167313 | &nbsp;&nbsp;&nbsp;&nbsp; $(4181) |
| Australian Dollar | &nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp; 6/26 | &nbsp;&nbsp;&nbsp;&nbsp; 139740 | &nbsp;&nbsp;&nbsp;&nbsp; 137650 | &nbsp;&nbsp;&nbsp;&nbsp; (2090) |
| U.S. Treasury 2-Year Notes | &nbsp;&nbsp;&nbsp;&nbsp; 17 | &nbsp;&nbsp;&nbsp;&nbsp; 6/26 | &nbsp;&nbsp;&nbsp;&nbsp; 3527005 | &nbsp;&nbsp;&nbsp;&nbsp; 3526570 | &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;(435) |
| U.S. Treasury 5-Year Notes | &nbsp;&nbsp;&nbsp;&nbsp; 33 | &nbsp;&nbsp;&nbsp;&nbsp; 6/26 | &nbsp;&nbsp;&nbsp;&nbsp; 3615649 | &nbsp;&nbsp;&nbsp;&nbsp; 3569930 | &nbsp;&nbsp;&nbsp;&nbsp; (45719) |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (52425) |
| **Contracts to Sell:** |  |  |  |  |  |
| U.S. Treasury 10-Year Notes | &nbsp;&nbsp;&nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp;&nbsp; 6/26 | &nbsp;&nbsp;&nbsp;&nbsp; 888986 | &nbsp;&nbsp;&nbsp;&nbsp; 888375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 611 |
| U.S. Treasury Ultra Long-Term Bonds | &nbsp;&nbsp;&nbsp;&nbsp; 14 | &nbsp;&nbsp;&nbsp;&nbsp; 6/26 | &nbsp;&nbsp;&nbsp;&nbsp; 1675820 | &nbsp;&nbsp;&nbsp;&nbsp; 1631875 | &nbsp;&nbsp;&nbsp;&nbsp; 43945 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 44556 |
| **Net unrealized depreciation on open futures contracts** | **Net unrealized depreciation on open futures contracts** | **Net unrealized depreciation on open futures contracts** | **Net unrealized depreciation on open futures contracts** | **Net unrealized depreciation on open futures contracts** | &nbsp;&nbsp;&nbsp; **$(7869)** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Abbreviation(s) used in this table:** | **Abbreviation(s) used in this table:** | **Abbreviation(s) used in this table:** |
| SOFR |  | Secured Overnight Financing Rate |

---

At March 31, 2026, the Fund had the following open forward foreign currency contracts:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Currency <br>Purchased | Currency <br>Purchased | Currency <br>Sold | Currency <br>Sold | Counterparty | Settlement <br>Date<br>| Unrealized <br>Appreciation<br>|
| USD | &nbsp;&nbsp; 3048 | &nbsp;&nbsp; EUR | &nbsp;&nbsp; 2597 | Citibank N.A. | &nbsp;&nbsp; 4/16/26 | &nbsp;&nbsp; **$43** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Abbreviation(s) used in this table:** | **Abbreviation(s) used in this table:** | **Abbreviation(s) used in this table:** |
| EUR |  | Euro |
| USD |  | United States Dollar |

---

At March 31, 2026, the Fund had the following open swap contracts:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| <br> **CENTRALLY CLEARED INTEREST RATE SWAPS**  | <br> **CENTRALLY CLEARED INTEREST RATE SWAPS**  | <br> **CENTRALLY CLEARED INTEREST RATE SWAPS**  | <br> **CENTRALLY CLEARED INTEREST RATE SWAPS**  | <br> **CENTRALLY CLEARED INTEREST RATE SWAPS**  | <br> **CENTRALLY CLEARED INTEREST RATE SWAPS**  | <br> **CENTRALLY CLEARED INTEREST RATE SWAPS**  |
| &nbsp;&nbsp;&nbsp; Notional <br>Amount<br>| &nbsp;&nbsp;&nbsp; Termination <br>Date<br>| &nbsp;&nbsp;&nbsp;&nbsp; Payments <br>Made by <br>the Fund<sup>†</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; Payments <br>Received by <br>the Fund<sup>†</sup> <br>| &nbsp;&nbsp;&nbsp; Market <br>Value<br>| &nbsp;&nbsp;&nbsp; Upfront <br>Premiums <br>Paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(Received)<br>| &nbsp;&nbsp;&nbsp; Unrealized <br>Appreciation<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; $1780000 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/30 | 2.452%\* | CPURNSA\* | &nbsp;&nbsp;&nbsp; **$4788** | &nbsp;&nbsp;&nbsp; **$(857)** | &nbsp;&nbsp;&nbsp; **$5645** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| <br> **CENTRALLY CLEARED CREDIT DEFAULT SWAPS ON CREDIT INDICES — SELL PROTECTION**<sup>1</sup>  | <br> **CENTRALLY CLEARED CREDIT DEFAULT SWAPS ON CREDIT INDICES — SELL PROTECTION**<sup>1</sup>  | <br> **CENTRALLY CLEARED CREDIT DEFAULT SWAPS ON CREDIT INDICES — SELL PROTECTION**<sup>1</sup>  | <br> **CENTRALLY CLEARED CREDIT DEFAULT SWAPS ON CREDIT INDICES — SELL PROTECTION**<sup>1</sup>  | <br> **CENTRALLY CLEARED CREDIT DEFAULT SWAPS ON CREDIT INDICES — SELL PROTECTION**<sup>1</sup>  | <br> **CENTRALLY CLEARED CREDIT DEFAULT SWAPS ON CREDIT INDICES — SELL PROTECTION**<sup>1</sup>  | <br> **CENTRALLY CLEARED CREDIT DEFAULT SWAPS ON CREDIT INDICES — SELL PROTECTION**<sup>1</sup>  |
| Reference Entity | Notional <br>Amount<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp; Termination <br>Date<br>| &nbsp;&nbsp;&nbsp;&nbsp; Periodic <br>Payments <br>Received by <br>the Fund<sup>†</sup> <br>| &nbsp;&nbsp;&nbsp; Market <br>Value<sup>3</sup> <br>| &nbsp;&nbsp;&nbsp; Upfront <br>Premiums <br>Paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(Received)<br>| &nbsp;&nbsp;&nbsp; Unrealized <br>Appreciation<br>|
| Markit CDX.NA.IG.46 Index | $2690000 | &nbsp;&nbsp;&nbsp;&nbsp; 6/20/31 | 1.000% quarterly | &nbsp;&nbsp;&nbsp; **$46432** | &nbsp;&nbsp;&nbsp; **$45872** | &nbsp;&nbsp;&nbsp; **$560** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

See Notes to Schedule of Investments.

------

Western Asset Inflation Indexed Plus Bond Fund 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

March 31, 2026

 **Western Asset Inflation Indexed Plus Bond Fund**

---

| | |
|:---|:---|
| <sup>1</sup> | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to <br> the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities <br> comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the <br> recovery value of the referenced obligation or underlying securities comprising the referenced index.<br>|
| <sup>2</sup> | The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event <br> occurs as defined under the terms of that particular swap agreement.<br>|
| <sup>3</sup> | The quoted market prices and resulting values for credit default swap agreements on asset-backed securities and credit indices serve as an indicator of the <br> current status of the payment/performance risk and represent the likelihood of an expected loss (or profit) for the credit derivative had the notional amount <br> of the swap agreement been closed/sold as of the period end. Decreasing market values (sell protection) or increasing market values (buy protection), when <br> compared to the notional amount of the swap, represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of <br> default or other credit event occurring as defined under the terms of the agreement.<br>|
| † | Percentage shown is an annual percentage rate. |
| \* | One time payment made at termination date. |

---

Reference rate(s) and their value(s) as of period end used in this table:

---

| | |
|:---|:---|
| Reference Index | Reference <br>Rate<br>|
| &nbsp;&nbsp;&nbsp; CPURNSA | 3.302% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Abbreviation(s) used in this table:** | **Abbreviation(s) used in this table:** | **Abbreviation(s) used in this table:** |
| CPURNSA |  | U.S. CPI Urban Consumers NSA Index |

---

This Schedule of Investments is unaudited and is intended to provide information about the Fund's investments as of the date of the schedule. Other information regarding the Fund is available in the Fund's most recent annual or semi-annual shareholder report.

See Notes to Schedule of Investments.

------

Western Asset Inflation Indexed Plus Bond Fund 2026 Quarterly Report

------

Notes to Schedule of Investments (unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**1. Organization and significant accounting policies** 

Western Asset Inflation Indexed Plus Bond Fund (the "Fund") is a separate diversified investment series of Western Asset Funds, Inc. (the "Corporation"). The Corporation, a Maryland Statutory Corporation, is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end management investment company.

The Fund follows the accounting and reporting guidance in Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946, *Financial Services – Investment Companies* ("ASC 946"). The following are significant accounting policies consistently followed by the Fund and are in conformity with U.S. generally accepted accounting principles ("GAAP"), including, but not limited to, ASC 946.

**(a) Investment valuation.** The valuations for fixed income securities (which may include, but are not limited to, corporate, government, municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services typically use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. Investments in open-end funds are valued at the closing net asset value per share of each fund on the day of valuation. Futures contracts are valued daily at the settlement price established by the board of trade or exchange on which they are traded. Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. When the Fund holds securities or other assets that are denominated in a foreign currency, the Fund will normally use the currency exchange rates as of 4:00 p.m. (Eastern Time). If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the manager to be unreliable, the market price may be determined by the manager using quotations from one or more broker/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, the Fund values these securities as determined in accordance with procedures approved by the Fund's Board of Directors (the "Board").

Pursuant to policies adopted by the Board, the Fund's manager has been designated as the valuation designee and is responsible for the oversight of the daily valuation process. The Fund's manager is assisted by the Global Fund Valuation Committee (the "Valuation Committee"). The Valuation Committee is responsible for making fair value determinations, evaluating the effectiveness of the Fund's pricing policies, and reporting to the Fund's manager and the Board. When determining the reliability of third party pricing information for investments owned by the Fund, the Valuation Committee, among other things, conducts due diligence reviews of pricing vendors, monitors the daily change in prices and reviews transactions among market participants.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer's financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts' research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such back testing monthly and fair valuation occurrences are reported to the Board quarterly.

The Fund uses valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.

------

Western Asset Inflation Indexed Plus Bond Fund 2026 Quarterly Report

------

Notes to Schedule of Investments (unaudited) (cont'd)

GAAP establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:

• Level 1 — unadjusted quoted prices in active markets for identical investments

• Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 — significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)

The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used in valuing the Fund's assets and liabilities carried at fair value: <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** |
| Description | &nbsp;&nbsp; Quoted Prices <br>(Level 1)<br>| &nbsp;&nbsp; Other Significant <br>Observable Inputs <br>(Level 2)<br>| &nbsp;&nbsp; Significant <br>Unobservable <br>Inputs <br>(Level 3)<br>| Total |
| Long-Term Investments†: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Inflation Protected Securities | &nbsp;&nbsp; — | &nbsp;&nbsp; $35769265 | &nbsp;&nbsp; — | &nbsp;&nbsp; $35769265 |
| &nbsp;&nbsp;&nbsp; Corporate Bonds & Notes | &nbsp;&nbsp; — | &nbsp;&nbsp; 2473278 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2473278 |
| &nbsp;&nbsp;&nbsp; Collateralized Mortgage Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 2125655 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2125655 |
| &nbsp;&nbsp;&nbsp; Sovereign Bonds | &nbsp;&nbsp; — | &nbsp;&nbsp; 399730 | &nbsp;&nbsp; — | &nbsp;&nbsp; 399730 |
| **Total Investments** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **$40767928** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **$40767928** |
| Other Financial Instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Futures Contracts†† | &nbsp;&nbsp; $44556 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; $44556 |
| &nbsp;&nbsp;&nbsp; Forward Foreign Currency Contracts†† | &nbsp;&nbsp; — | &nbsp;&nbsp; $43 | &nbsp;&nbsp; — | &nbsp;&nbsp; 43 |
| &nbsp;&nbsp;&nbsp; Centrally Cleared Interest Rate Swaps†† | &nbsp;&nbsp; — | &nbsp;&nbsp; 5645 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Centrally Cleared Credit Default Swaps on Credit Indices — Sell <br> Protection††<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; 560 | &nbsp;&nbsp; — | &nbsp;&nbsp; 560 |
| **Total Other Financial Instruments** | &nbsp;&nbsp; **$44556** | &nbsp;&nbsp; **$6248** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **$50804** |
| **Total** | &nbsp;&nbsp; **$44556** | &nbsp;&nbsp; **$40774176** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **$40818732** |
| **LIABILITIES**  | **LIABILITIES**  | **LIABILITIES**  | **LIABILITIES**  | **LIABILITIES**  |
| Description | &nbsp;&nbsp; Quoted Prices <br>(Level 1)<br>| &nbsp;&nbsp; Other Significant <br>Observable Inputs <br>(Level 2)<br>| &nbsp;&nbsp; Significant <br>Unobservable <br>Inputs <br>(Level 3)<br>| Total |
| Other Financial Instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Written Options | &nbsp;&nbsp; $2563 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; $2563 |
| &nbsp;&nbsp;&nbsp; Futures Contracts†† | &nbsp;&nbsp; 52425 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 52425 |
| **Total** | &nbsp;&nbsp; **$54988** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **$54988** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

† See Schedule of Investments for additional detailed categorizations. <br> †† Reflects the unrealized appreciation (depreciation) of the instruments.

**2. Transactions with affiliated company**

As defined by the 1940 Act, an affiliated company is one in which the Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Fund. The following company was considered an affiliated company for all or some portion of the period ended March 31, 2026. The following transactions were effected

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Western Asset Inflation Indexed Plus Bond Fund 2026 Quarterly Report

------

in such company for the period ended March 31, 2026. <br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Affiliate <br>Value at <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>December 31, <br>2025 | Purchased | Purchased | Sold | Sold |
|  | Affiliate <br>Value at <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>December 31, <br>2025 | Cost | Shares | Proceeds | Shares |
| Western Asset Premier <br> Institutional Government <br> Reserves, Premium <br> Shares<br>|  | $792114 | 792114 | $792114 | 792114 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| (cont'd) | Realized <br>Gain (Loss)<br>| Dividend <br>Income<br>| Income From <br>Securities Lending<br>| Net Increase <br>(Decrease) in <br>Unrealized <br>Appreciation <br>(Depreciation)<br>| Affiliate <br>Value at <br>March 31, <br>2026<br>|
| Western Asset Premier <br> Institutional Government <br> Reserves, Premium <br> Shares<br>|  | $271 |  |  |  |

---

------

Western Asset Inflation Indexed Plus Bond Fund 2026 Quarterly Report

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Western Asset Funds Inc

- **b. Investment Company Act file number:** 811-06110

- **c. CIK number of Registrant:** 0000863520

- **d. LEI of Registrant:** 5493004NC00X8WKL1P34

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** One Madison Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10010

  - **Telephone number:** 1-877-721-1926

**Item A.2. Information about the Series.**

- **a. Name of Series:** Western Asset Inflation Indexed Plus Bond Fund

- **b. EDGAR series identifier (if any):** S000000715

- **c. LEI of Series:** 54930060PJLL6R7TJG35

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $41765833.30

**Total Liabilities:** $134284.28

**Net Assets:** $41631549.02

**Cash Not Reported:** $542413.73

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 21.69000000 | **1-Year:** 482.08000000 | **5-Year:** 1764.79000000 | **10-Year:** 621.80000000 | **30-Year:** 19.93000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 57.53000000 | **5-Year:** 161.77000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000002083 | 0.43%                | 1.18%                | -1.56%               |
| Class ID C000117036 | 2.12%                | -3.32%               | 0.00%                |
| Class ID C000113708 | 0.33%                | 1.10%                | -1.64%               |
| Class ID C000002084 | 0.32%                | 1.26%                | -1.50%               |
| Class ID C000113709 | 0.33%                | 1.19%                | -1.54%               |
| Class ID C000113707 | 0.43%                | 1.17%                | -1.57%               |
| Class ID C000066990 | 0.42%                | 1.25%                | -1.56%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-30685.66               | $312309.33                                 |
| Month 2  | $-14137.69               | $565488.18                                 |
| Month 3  | $-31421.58               | $-830222.23                                |

**Designated Index Information**

- **Index Name:** Bloomberg US Treasury Inflation Notes

- **Index Identifier:** NA

### Schedule of Portfolio Investments

| Name                                                                              | Title                                          | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| WASHINGTON MUTUAL MORTGAGE PASS-THROUGH CERTIFICATES WMALT SERIES 2005-AR18 TRUST | WAMU 2005-AR4 A5                               | CUSIP: 92922FG77<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    112043 | PA      | $109563.16    | 0.26%             | 2035-04-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                      | TII 0.875 01/15/29                             | CUSIP: 9128285W6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1288110 | PA      | $1278988.64   | 3.07%             | 2029-01-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                      | TII 1.625 04/15/30                             | CUSIP: 91282CNB3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1021750 | PA      | $1032310.58   | 2.48%             | 2030-04-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINES HOLDING CO LLC                                                 | CPGX 6.042 08/15/28 144A                       | CUSIP: 19828AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $134246.01    | 0.32%             | 2028-08-15      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                      | TII 1.625 10/15/29                             | CUSIP: 91282CLV1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2377464 | PA      | $2415815.44   | 5.80%             | 2029-10-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Yamana Gold Inc                                                                   | YRICN 4.625 12/15/27                           | CUSIP: 98462YAD2<br>LEI: 54930002VY22NXG01418 | Long             | DBT              | CORP              | CA        |    230000 | PA      | $229563.99    | 0.55%             | 2027-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                      | TII 1.125 01/15/33                             | CUSIP: 91282CGK1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2948130 | PA      | $2840449.11   | 6.82%             | 2033-01-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                                                       | FMCN 8 03/01/33 144A                           | CUSIP: 335934AW5<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $208720.60    | 0.50%             | 2033-03-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2022-VAMF                                                                | BX 2022-VAMF A                                 | CUSIP: 05609TAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    144595 | PA      | $144530.81    | 0.35%             | 2039-01-18      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                      | TII 0.25 07/15/29                              | CUSIP: 9128287D6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1017232 | PA      | $989634.52    | 2.38%             | 2029-07-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| DEEPHAVEN RESIDENTIAL MORTGAGE TRUST 2022-1                                       | DRMT 2022-1 A2                                 | CUSIP: 24382JAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    210000 | PA      | $178882.81    | 0.43%             | 2067-01-25      | Variable      | 2.96%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                      | TII 1.125 10/15/30                             | CUSIP: 91282CPH8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1508280 | PA      | $1495236.88   | 3.59%             | 2030-10-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                      | TII 2.125 02/15/40                             | CUSIP: 912810QF8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    752410 | PA      | $737122.14    | 1.77%             | 2040-02-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Ecopetrol S.A.                                                                    | ECOPET 4.625 11/02/31                          | CUSIP: 279158AP4<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    200000 | PA      | $177870.96    | 0.43%             | 2031-11-02      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Inversiones CMPC SA                                                               | CMPCCI 4.375 04/04/27 REGS                     | CUSIP: 000000000<br>LEI: 549300G475ACIABB4385 | Long             | DBT              | CORP              | CL        |    240000 | PA      | $239486.23    | 0.58%             | 2027-04-04      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                       | Ultra U.S. Treasury Bond Futures, Jun-2026,ETH | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -14 | NC      | $43944.60     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PRKCM 2025-AFC1 TRUST                                                             | PRKCM 2025-AFC1 A1                             | CUSIP: 69392YAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     95705 | PA      | $95513.06     | 0.23%             | 2060-10-25      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                      | TII 0.25 02/15/50                              | CUSIP: 912810SM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3921810 | PA      | $2222803.98   | 5.34%             | 2050-02-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| ArcelorMittal S.A.                                                                | MTNA 7 10/15/39                                | CUSIP: 03938LAP9<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |    140000 | PA      | $152359.87    | 0.37%             | 2039-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                      | TII 0.75 02/15/45                              | CUSIP: 912810RL4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3176806 | PA      | $2284825.91   | 5.49%             | 2045-02-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                      | TII 1.375 02/15/44                             | CUSIP: 912810RF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    279116 | PA      | $230856.38    | 0.55%             | 2044-02-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                      | TII 0.125 02/15/52                             | CUSIP: 912810TE8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1752600 | PA      | $910944.22    | 2.19%             | 2052-02-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                       | 5-Year T-Note Options                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -8 | NC      | $-1437.50     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Antofagasta PLC                                                                   | ANTOLN 2.375 10/14/30 144A                     | CUSIP: 03718NAA4<br>LEI: 213800MY6QVH4FVLD628 | Long             | DBT              | CORP              | GB        |    340000 | PA      | $305097.30    | 0.73%             | 2030-10-14      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                       | 10-Year T-Note Futures, Jun-2026,ETH           | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -8 | NC      | $611.12       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                     | STACR 2026-DNA2 B1                             | CUSIP: 35564UEP8<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    100000 | PA      | $100117.85    | 0.24%             | 2046-03-26      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| Peru (Republic Of)                                                                | PERU 5.5 03/30/36                              | CUSIP: 715638FC1<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     90000 | PA      | $89811.00     | 0.22%             | 2036-03-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                                                   | CDS CDX.NA.IG.46.V1                            | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |         1 | NC      | $47328.56     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                              | GLENLN 4 03/27/27 144A                         | CUSIP: 378272AN8<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    140000 | PA      | $139417.65    | 0.33%             | 2027-03-27      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                      | TII 0.125 01/15/30                             | CUSIP: 912828Z37<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2275524 | PA      | $2178600.81   | 5.23%             | 2030-01-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                      | TII 3.875 04/15/29                             | CUSIP: 912810FH6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4154850 | PA      | $4483500.63   | 10.77%            | 2029-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank Of America Merrill Lynch Trust 2016-C32                       | MSBAM 2016-C32 A3                              | CUSIP: 61691GAR1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    189679 | PA      | $188583.76    | 0.45%             | 2049-12-17      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                               | CGCMT 2023-SMRT A                              | CUSIP: 17291NAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    230000 | PA      | $234575.18    | 0.56%             | 2040-10-12      | Variable      | 5.82%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2022-DNA2                                           | STACR 2022-DNA2 M1B                            | CUSIP: 35564KRF8<br>LEI: 5493000ISA3AUOXQEF68 | Long             | ABS-O            | USGSE             | US        |    200000 | PA      | $201833.48    | 0.48%             | 2042-02-25      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| Peru (Republic Of)                                                                | PERU 3.3 03/11/41                              | CUSIP: 715638DS8<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    410000 | PA      | $309919.00    | 0.74%             | 2041-03-11      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                       | 2-Year T-Note Futures, Jun-2026,ETH            | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        17 | NC      | $-434.37      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Notes                                                      | TII 2.125 01/15/35                             | CUSIP: 91282CML2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2782701 | PA      | $2830593.01   | 6.80%             | 2035-01-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                                                  | Australian Dollar Futures, Jun-2026,ETH        | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              | CORP              | US        |         2 | NC      | $-2090.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| BENCHMARK 2023-B38 MORTGAGE TRUST                                                 | BMARK 2023-B38 A4                              | CUSIP: 081916AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    130000 | PA      | $134076.54    | 0.32%             | 2056-04-17      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                       | 5-Year T-Note Options                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -8 | NC      | $-1125.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                    | USD/EUR FORWARD                                | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $43.32        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Colt 2025-11 Mortgage Loan Trust                                                  | COLT 2025-11 A3                                | CUSIP: 12676KAG8<br>LEI: 213800CETFGZSOQ6WF79 | Long             | ABS-O            | CORP              | US        |     95591 | PA      | $95249.25     | 0.23%             | 2070-11-25      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                      | TII 1.875 07/15/35                             | CUSIP: 91282CNS6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1316822 | PA      | $1310794.43   | 3.15%             | 2035-07-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                      | TII 1.75 01/15/34                              | CUSIP: 91282CJY8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6666093 | PA      | $6640489.94   | 15.95%            | 2034-01-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| DEEPHAVEN RESIDENTIAL MORTGAGE TRUST 2017-2                                       | DRMT 2026-INV1 A1                              | CUSIP: 24381GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     98064 | PA      | $97343.19     | 0.23%             | 2070-12-25      | Variable      | 4.80%                 | No            |                  2 | On Loan: No      |
| Capstone Copper Corp                                                              | CAPCOP 6.75 03/31/33 144A                      | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | CORP              | CA        |     80000 | PA      | $79547.52     | 0.19%             | 2033-03-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust 2019-1                                         | EFMT 2022-1 A2                                 | CUSIP: 31573CAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    120000 | PA      | $90652.69     | 0.22%             | 2067-01-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Constellation Energy Generation LLC                                               | CEG 6.125 01/15/34                             | CUSIP: 210385AD2<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |     90000 | PA      | $96078.10     | 0.23%             | 2034-01-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                | ET 5.25 04/15/29                               | CUSIP: 29278NAG8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    120000 | PA      | $122247.06    | 0.29%             | 2029-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                                                  | Three-Month SOFR Futures, Mar-2026,ETH         | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |         9 | NC      | $-4181.40     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp.                                                        | OXY 3.5 08/15/29                               | CUSIP: 674599CS2<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    240000 | PA      | $230179.20    | 0.55%             | 2029-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BLP COMMERCIAL MORTGAGE TRUST 2023-IND                                            | BLP 2023-IND A                                 | CUSIP: 055531AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    311530 | PA      | $312090.80    | 0.75%             | 2040-03-15      | Variable      | 5.36%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2021-DNA6                                           | STACR 2021-DNA6 M2                             | CUSIP: 35564KKY4<br>LEI: 5493000ISONLNOUKGB71 | Long             | ABS-O            | USGSE             | US        |    142474 | PA      | $142642.18    | 0.34%             | 2041-10-25      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| Oneok Inc.                                                                        | OKE 5.8 11/01/30                               | CUSIP: 682680BK8<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    110000 | PA      | $114522.38    | 0.28%             | 2030-11-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                      | TII 2.5 01/15/29                               | CUSIP: 912810PZ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1817904 | PA      | $1886298.20   | 4.53%             | 2029-01-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                       | 5-Year T-Note Futures, Jun-2026,ETH            | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        33 | NC      | $-45718.76    | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp.                                                             | TRGP 4.2 02/01/33                              | CUSIP: 87612GAA9<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    130000 | PA      | $123139.54    | 0.30%             | 2033-02-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| EQT Corporation                                                                   | EQT 5 01/15/29                                 | CUSIP: 26884LAL3<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    120000 | PA      | $120801.77    | 0.29%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                                         | IRS USD                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $4788.25      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-27

**Name of Applicant:** Western Asset Funds Inc

**Signature:** Christopher Berarducci

**Name of Signer:** Christopher Berarducci

**Title:** Principal Financial Officer