# EDGAR Filing Document

**Accession Number:** 0000863520
**File Stem:** 0000940400-25-010424
**Filing Date:** 2025-11
**Character Count:** 55408
**Document Hash:** e3ce01433988630778a1c78dcd4d619f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-010424.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0000940400-25-010424

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20251231

**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:** 251519710

**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)

September 30, 2025

 **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 |
| **U.S. Treasury Inflation Protected Securities — 88.0%** | **U.S. Treasury Inflation Protected Securities — 88.0%** | **U.S. Treasury Inflation Protected Securities — 88.0%** | **U.S. Treasury Inflation Protected Securities — 88.0%** | **U.S. Treasury Inflation Protected Securities — 88.0%** |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds, Inflation Indexed | &nbsp;&nbsp; 2.500% | &nbsp;&nbsp; 1/15/29 | &nbsp;&nbsp; $1956045<br>| &nbsp;&nbsp;&nbsp; $2044493<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds, Inflation Indexed | &nbsp;&nbsp; 3.875% | &nbsp;&nbsp; 4/15/29 | &nbsp;&nbsp; 4912725<br>| &nbsp;&nbsp;&nbsp; 5372766<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds, Inflation Indexed | &nbsp;&nbsp; 2.125% | &nbsp;&nbsp; 2/15/40 | &nbsp;&nbsp; 747315<br>| &nbsp;&nbsp;&nbsp; 753714<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds, Inflation Indexed | &nbsp;&nbsp; 0.750% | &nbsp;&nbsp; 2/15/45 | &nbsp;&nbsp; 3155278<br>| &nbsp;&nbsp;&nbsp; 2355215<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds, Inflation Indexed | &nbsp;&nbsp; 0.250% | &nbsp;&nbsp; 2/15/50 | &nbsp;&nbsp; 4397855<br>| &nbsp;&nbsp;&nbsp; 2604632<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds, Inflation Indexed | &nbsp;&nbsp; 0.125% | &nbsp;&nbsp; 2/15/52 | &nbsp;&nbsp; 1276528<br>| &nbsp;&nbsp;&nbsp; 692649<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes, Inflation Indexed | &nbsp;&nbsp; 0.875% | &nbsp;&nbsp; 1/15/29 | &nbsp;&nbsp; 3966109<br>| &nbsp;&nbsp;&nbsp; 3936875<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes, Inflation Indexed | &nbsp;&nbsp; 0.250% | &nbsp;&nbsp; 7/15/29 | &nbsp;&nbsp; 1515504<br>| &nbsp;&nbsp;&nbsp; 1470607<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes, Inflation Indexed | &nbsp;&nbsp; 1.625% | &nbsp;&nbsp; 10/15/29 | &nbsp;&nbsp; 2361341<br>| &nbsp;&nbsp;&nbsp; 2408753<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes, Inflation Indexed | &nbsp;&nbsp; 0.125% | &nbsp;&nbsp; 1/15/30 | &nbsp;&nbsp; 2260098<br>| &nbsp;&nbsp;&nbsp; 2158439<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes, Inflation Indexed | &nbsp;&nbsp; 1.625% | &nbsp;&nbsp; 4/15/30 | &nbsp;&nbsp; 1014820<br>| &nbsp;&nbsp;&nbsp; 1030700<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes, Inflation Indexed | &nbsp;&nbsp; 0.125% | &nbsp;&nbsp; 1/15/32 | &nbsp;&nbsp; 291347<br>| &nbsp;&nbsp;&nbsp; 268361<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes, Inflation Indexed | &nbsp;&nbsp; 1.125% | &nbsp;&nbsp; 1/15/33 | &nbsp;&nbsp; 2928150<br>| &nbsp;&nbsp;&nbsp; 2838963<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes, Inflation Indexed | &nbsp;&nbsp; 1.750% | &nbsp;&nbsp; 1/15/34 | &nbsp;&nbsp; 5044512<br>| &nbsp;&nbsp;&nbsp; 5070167<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes, Inflation Indexed | &nbsp;&nbsp; 2.125% | &nbsp;&nbsp; 1/15/35 | &nbsp;&nbsp; 2763828<br>| &nbsp;&nbsp;&nbsp; 2846184<br>|
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes, Inflation Indexed | &nbsp;&nbsp; 1.875% | &nbsp;&nbsp; 7/15/35 | &nbsp;&nbsp; 1006070<br>| &nbsp;&nbsp;&nbsp; 1014532<br>|
| **Total U.S. Treasury Inflation Protected Securities (Cost — $37,992,493)** | **Total U.S. Treasury Inflation Protected Securities (Cost — $37,992,493)** | **Total U.S. Treasury Inflation Protected Securities (Cost — $37,992,493)** | **Total U.S. Treasury Inflation Protected Securities (Cost — $37,992,493)** | &nbsp;&nbsp; **36867050** |
| **Corporate Bonds & Notes — 5.0%** | **Corporate Bonds & Notes — 5.0%** | **Corporate Bonds & Notes — 5.0%** | **Corporate Bonds & Notes — 5.0%** | **Corporate Bonds & Notes — 5.0%** |
| **Energy — 2.4%** | **Energy — 2.4%** | **Energy — 2.4%** | **Energy — 2.4%** | **Energy — 2.4%** |
| *Oil, Gas & Consumable Fuels — 2.4%* | *Oil, Gas & Consumable Fuels — 2.4%* | *Oil, Gas & Consumable Fuels — 2.4%* | *Oil, Gas & Consumable Fuels — 2.4%* | *Oil, Gas & Consumable Fuels — 2.4%* |
| &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; 135697<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; 179510<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; 123494<br>|
| &nbsp;&nbsp;&nbsp; EQT Corp., Senior Notes | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/15/29 | &nbsp;&nbsp; 120000<br>| &nbsp;&nbsp;&nbsp; 121744<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; 229591<br>|
| &nbsp;&nbsp;&nbsp; ONEOK Inc., Senior Notes | &nbsp;&nbsp; 5.800% | &nbsp;&nbsp; 11/1/30 | &nbsp;&nbsp; 110000<br>| &nbsp;&nbsp;&nbsp; 115955<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; 123580<br>|
| **Total Energy** | **Total Energy** | **Total Energy** | **Total Energy** | &nbsp;&nbsp; **1029571** |
| **Materials — 2.6%** | **Materials — 2.6%** | **Materials — 2.6%** | **Materials — 2.6%** | **Materials — 2.6%** |
| *Metals & Mining — 2.0%* | *Metals & Mining — 2.0%* | *Metals & Mining — 2.0%* | *Metals & Mining — 2.0%* | *Metals & Mining — 2.0%* |
| &nbsp;&nbsp;&nbsp; Antofagasta PLC, Senior Notes | &nbsp;&nbsp; 2.375% | &nbsp;&nbsp; 10/14/30 | &nbsp;&nbsp; 340000<br>| &nbsp;&nbsp;&nbsp; 308411<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; 157357<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; 139403<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; 230398<br>|
| *Total Metals & Mining* | *Total Metals & Mining* | *Total Metals & Mining* | *Total Metals & Mining* | &nbsp;&nbsp; *835569* |
| *Paper & Forest Products — 0.6%* | *Paper & Forest Products — 0.6%* | *Paper & Forest Products — 0.6%* | *Paper & Forest Products — 0.6%* | *Paper & Forest Products — 0.6%* |
| &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; *240667*<br> <sup>(b)</sup><br>|
| **Total Materials** | **Total Materials** | **Total Materials** | **Total Materials** | &nbsp;&nbsp; **1076236** |
| **Total Corporate Bonds & Notes (Cost — $2,104,703)** | **Total Corporate Bonds & Notes (Cost — $2,104,703)** | **Total Corporate Bonds & Notes (Cost — $2,104,703)** | **Total Corporate Bonds & Notes (Cost — $2,104,703)** | &nbsp;&nbsp; **2105807** |
| **Collateralized Mortgage Obligations**<sup>(c)</sup> **— 4.3%** | **Collateralized Mortgage Obligations**<sup>(c)</sup> **— 4.3%** | **Collateralized Mortgage Obligations**<sup>(c)</sup> **— 4.3%** | **Collateralized Mortgage Obligations**<sup>(c)</sup> **— 4.3%** | **Collateralized Mortgage Obligations**<sup>(c)</sup> **— 4.3%** |
| &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; 136525<br>|
| &nbsp;&nbsp;&nbsp; BLP Commercial Mortgage Trust, 2023-IND A (1 mo. Term SOFR + 1.692%) | &nbsp;&nbsp; 5.842% | &nbsp;&nbsp; 3/15/40 | &nbsp;&nbsp; 322915<br>| &nbsp;&nbsp;&nbsp; 323239<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; BX Trust, 2022-VAMF A (1 mo. Term SOFR + 0.850%) | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/15/39 | &nbsp;&nbsp; 190000<br>| &nbsp;&nbsp;&nbsp; 189877<br> <sup>(a)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Citigroup Commercial Mortgage Trust, 2023-SMRT A | &nbsp;&nbsp; 6.015% | &nbsp;&nbsp; 10/12/40 | &nbsp;&nbsp; 230000<br>| &nbsp;&nbsp;&nbsp; 237213<br> <sup>(a)(d)</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; 175078<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; 91080<br> <sup>(a)(d)</sup><br>|

---

See Notes to Schedule of Investments.

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Western Asset Inflation Indexed Plus Bond Fund 2025 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

September 30, 2025

 **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> **— continued** | **Collateralized Mortgage Obligations**<sup>(c)</sup> **— continued** | **Collateralized Mortgage Obligations**<sup>(c)</sup> **— continued** | **Collateralized Mortgage Obligations**<sup>(c)</sup> **— continued** | **Collateralized Mortgage Obligations**<sup>(c)</sup> **— continued** |
| &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; 5.856% | &nbsp;&nbsp; 10/25/41 | &nbsp;&nbsp; $162636<br>| &nbsp;&nbsp;&nbsp; $163126<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; 6.756% | &nbsp;&nbsp; 2/25/42 | &nbsp;&nbsp; 200000<br>| &nbsp;&nbsp;&nbsp; 203692<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; 188279<br>|
| &nbsp;&nbsp;&nbsp; WaMu Mortgage Pass-Through Certificates Trust, 2005-AR4 A5 | &nbsp;&nbsp; 4.350% | &nbsp;&nbsp; 4/25/35 | &nbsp;&nbsp; 119438<br>| &nbsp;&nbsp;&nbsp; 115996<br> <sup>(d)</sup><br>|
| **Total Collateralized Mortgage Obligations (Cost — $1,864,854)** | **Total Collateralized Mortgage Obligations (Cost — $1,864,854)** | **Total Collateralized Mortgage Obligations (Cost — $1,864,854)** | **Total Collateralized Mortgage Obligations (Cost — $1,864,854)** | &nbsp;&nbsp; **1824105** |
| **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; 91823<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; 319390<br>|
| **Total Sovereign Bonds (Cost — $401,742)** | **Total Sovereign Bonds (Cost — $401,742)** | **Total Sovereign Bonds (Cost — $401,742)** | **Total Sovereign Bonds (Cost — $401,742)** | &nbsp;&nbsp; **411213** |
| **Total Investments — 98.3% (Cost — $42,363,792)** | **Total Investments — 98.3% (Cost — $42,363,792)** | **Total Investments — 98.3% (Cost — $42,363,792)** | **Total Investments — 98.3% (Cost — $42,363,792)** | &nbsp;&nbsp; **41208175** |
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 1.7% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 1.7% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 1.7% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 1.7% | &nbsp;&nbsp;&nbsp; 696285 |
| **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | &nbsp;&nbsp; **$41904460** |

---

&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 |

---

At September 30, 2025, 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:** |  |  |  |  |  |
| Australian Dollar | &nbsp;&nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp; 12/25 | &nbsp;&nbsp;&nbsp;&nbsp; $326013 | &nbsp;&nbsp;&nbsp;&nbsp; $331100 | &nbsp;&nbsp;&nbsp;&nbsp; $5087 |
| U.S. Treasury 5-Year Notes | &nbsp;&nbsp;&nbsp;&nbsp; 41 | &nbsp;&nbsp;&nbsp;&nbsp; 12/25 | &nbsp;&nbsp;&nbsp;&nbsp; 4471561 | &nbsp;&nbsp;&nbsp;&nbsp; 4477008 | &nbsp;&nbsp;&nbsp;&nbsp; 5447 |
| U.S. Treasury 10-Year Notes | &nbsp;&nbsp;&nbsp;&nbsp; 12 | &nbsp;&nbsp;&nbsp;&nbsp; 12/25 | &nbsp;&nbsp;&nbsp;&nbsp; 1343835 | &nbsp;&nbsp;&nbsp;&nbsp; 1350000 | &nbsp;&nbsp;&nbsp;&nbsp; 6165 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 16699 |
| **Contracts to Sell:** |  |  |  |  |  |
| U.S. Treasury Ultra Long-Term Bonds | &nbsp;&nbsp;&nbsp;&nbsp; 26 | &nbsp;&nbsp;&nbsp;&nbsp; 12/25 | &nbsp;&nbsp;&nbsp;&nbsp; 3041592 | &nbsp;&nbsp;&nbsp;&nbsp; 3121625 | &nbsp;&nbsp;&nbsp;&nbsp; (80033) |
| **Net unrealized depreciation on open futures contracts** | **Net unrealized depreciation on open futures contracts** | **Net unrealized depreciation on open futures contracts** | **Net unrealized depreciation on open futures contracts** | **Net unrealized depreciation on open futures contracts** | &nbsp;&nbsp;&nbsp; **$(63334)** |

---

See Notes to Schedule of Investments.

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Western Asset Inflation Indexed Plus Bond Fund 2025 Quarterly Report

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 **Western Asset Inflation Indexed Plus Bond Fund**

At September 30, 2025, 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>|
| GBP | &nbsp;&nbsp; 67961 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 90880 | Goldman Sachs Group Inc. | &nbsp;&nbsp; 10/16/25 | &nbsp;&nbsp; $529 |
| GBP | &nbsp;&nbsp; 144724 | &nbsp;&nbsp; USD | &nbsp;&nbsp; 193698 | Goldman Sachs Group Inc. | &nbsp;&nbsp; 10/16/25 | &nbsp;&nbsp;&nbsp;&nbsp; 960 |
| USD | &nbsp;&nbsp; 290436 | &nbsp;&nbsp; GBP | &nbsp;&nbsp; 212685 | Goldman Sachs Group Inc. | &nbsp;&nbsp; 10/16/25 | &nbsp;&nbsp; 4370 |
| USD | &nbsp;&nbsp;&nbsp; 3070 | &nbsp;&nbsp; EUR | &nbsp;&nbsp;&nbsp; 2597 | JPMorgan Chase & Co. | &nbsp;&nbsp; 10/16/25 | &nbsp;&nbsp;&nbsp;&nbsp; 17 |
| **Net unrealized appreciation on open forward foreign currency contracts** | **Net unrealized appreciation on open forward foreign currency contracts** | **Net unrealized appreciation on open forward foreign currency contracts** | **Net unrealized appreciation on open forward foreign currency contracts** | **Net unrealized appreciation on open forward foreign currency contracts** | **Net unrealized appreciation on open forward foreign currency contracts** | &nbsp;&nbsp; **$5876** |

---

&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 |
| GBP |  | British Pound |
| USD |  | United States Dollar |

---

At September 30, 2025, the Fund had the following open swap contracts:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| <br> **CENTRALLY CLEARED CREDIT DEFAULT SWAPS ON CREDIT INDICES — SELL PROTECTION**  | <br> **CENTRALLY CLEARED CREDIT DEFAULT SWAPS ON CREDIT INDICES — SELL PROTECTION**  | <br> **CENTRALLY CLEARED CREDIT DEFAULT SWAPS ON CREDIT INDICES — SELL PROTECTION**  | <br> **CENTRALLY CLEARED CREDIT DEFAULT SWAPS ON CREDIT INDICES — SELL PROTECTION**  | <br> **CENTRALLY CLEARED CREDIT DEFAULT SWAPS ON CREDIT INDICES — SELL PROTECTION**  | <br> **CENTRALLY CLEARED CREDIT DEFAULT SWAPS ON CREDIT INDICES — SELL PROTECTION**  | <br> **CENTRALLY CLEARED CREDIT DEFAULT SWAPS ON CREDIT INDICES — SELL PROTECTION**  |
| Reference Entity | Notional <br>Amount<br>| &nbsp;&nbsp;&nbsp; Termination <br>Date<br>| &nbsp;&nbsp;&nbsp;&nbsp; Periodic <br>Payments <br>Received by <br>the Fund<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>Depreciation<br>|
| Markit CDX.NA.IG.45 Index | $1460000 | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/30 | 1.000% quarterly | &nbsp;&nbsp;&nbsp; **$33190** | &nbsp;&nbsp;&nbsp; **$33410** | &nbsp;&nbsp;&nbsp; **$(220)** |

---

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.

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Western Asset Inflation Indexed Plus Bond Fund 2025 Quarterly Report

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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.

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Western Asset Inflation Indexed Plus Bond Fund 2025 Quarterly Report

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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; $36867050 | &nbsp;&nbsp; — | &nbsp;&nbsp; $36867050 |
| &nbsp;&nbsp;&nbsp; Corporate Bonds & Notes | &nbsp;&nbsp; — | &nbsp;&nbsp; 2105807 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2105807 |
| &nbsp;&nbsp;&nbsp; Collateralized Mortgage Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 1824105 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1824105 |
| &nbsp;&nbsp;&nbsp; Sovereign Bonds | &nbsp;&nbsp; — | &nbsp;&nbsp; 411213 | &nbsp;&nbsp; — | &nbsp;&nbsp; 411213 |
| **Total Investments** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **$41208175** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **$41208175** |
| Other Financial Instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Futures Contracts†† | &nbsp;&nbsp; $16699 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; $16699 |
| &nbsp;&nbsp;&nbsp; Forward Foreign Currency Contracts†† | &nbsp;&nbsp; — | &nbsp;&nbsp; $5876 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5876 |
| **Total Other Financial Instruments** | &nbsp;&nbsp; **$16699** | &nbsp;&nbsp; **$5876** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **$22575** |
| **Total** | &nbsp;&nbsp; **$16699** | &nbsp;&nbsp; **$41214051** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **$41230750** |
| **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; Futures Contracts†† | &nbsp;&nbsp; $80033 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; $80033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Centrally Cleared Credit Default Swaps on Credit Indices — Sell <br> Protection††<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; $220 | &nbsp;&nbsp; — | &nbsp;&nbsp; 220 |
| **Total** | &nbsp;&nbsp; **$80033** | &nbsp;&nbsp; **$220** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **$80253** |

---

&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 September 30, 2025. The following transactions were effected in such company for the period ended September 30, 2025. <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>2024 | 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>2024 | Cost | Shares | Proceeds | Shares |
| Western Asset Premier <br> Institutional Government <br> Reserves, Premium <br> Shares<br>|  | $4744218 | 4744218 | $4744218 | 4744218 |

---

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Western Asset Inflation Indexed Plus Bond Fund 2025 Quarterly Report

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

&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>| Net Increase <br>(Decrease) in <br>Unrealized <br>Appreciation <br>(Depreciation)<br>| Affiliate <br>Value at <br>September 30, <br>2025<br>|
| Western Asset Premier <br> Institutional Government <br> Reserves, Premium Shares<br>|  | $3020 |  |  |

---

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Western Asset Inflation Indexed Plus Bond Fund 2025 Quarterly Report

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## 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:** 620 Eighth Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10018

  - **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:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $41934431.48

**Total Liabilities:** $466790.67

**Net Assets:** $41467640.81

**Cash Not Reported:** $243749.77

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1.47000000 | **1-Year:** 459.81000000 | **5-Year:** 1263.40000000 | **10-Year:** 659.79000000 | **30-Year:** 23.61000000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 91.67000000 | **10-Year:** 0.22000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000002083 | 0.00%                | 1.61%                | 0.28%                |
| Class ID C000117036 | 0.00%                | 1.48%                | 0.18%                |
| Class ID C000113708 | -0.11%               | 1.55%                | 0.30%                |
| Class ID C000002084 | 0.00%                | 1.68%                | 0.31%                |
| Class ID C000113709 | 0.11%                | 1.52%                | 0.32%                |
| Class ID C000113707 | 0.11%                | 1.60%                | 0.26%                |
| Class ID C000066990 | 0.10%                | 1.67%                | 0.25%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-70717.02               | $-58964.49                                 |
| Month 2  | $-15869.64               | $443049.79                                 |
| Month 3  | $-203046.87              | $334380.37                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| OCCIDENTAL PETROLEUM COR                    | Occidental Petroleum Corp                                     | CUSIP: 674599CS2<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    240000 | PA      | $229590.77    | 0.55%             | 2029-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| YAMANA GOLD INC                             | Yamana Gold Inc                                               | CUSIP: 98462YAD2<br>LEI: 54930002VY22NXG01418 | Long             | DBT              | CORP              | CA        |    230000 | PA      | $230397.99    | 0.56%             | 2027-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage               | Citigroup Commercial Mortgage Trust 2023-SMRT                 | CUSIP: 17291NAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    230000 | PA      | $237213.40    | 0.57%             | 2040-10-12      | Variable      | 6.01%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU                            | Peruvian Government International Bond                        | CUSIP: 715638DS8<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    410000 | PA      | $319390.00    | 0.77%             | 2041-03-11      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                             | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CNB3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1014820 | PA      | $1030699.70   | 2.49%             | 2030-04-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage              | Deephaven Residential Mortgage Trust 2022-1                   | CUSIP: 24382JAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    210000 | PA      | $175078.55    | 0.42%             | 2067-01-25      | Variable      | 2.96%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU                            | Peruvian Government International Bond                        | CUSIP: 715638FC1<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     90000 | PA      | $91822.50     | 0.22%             | 2036-03-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                             | United States Treasury Inflation Indexed Bonds                | CUSIP: 912828Z37<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2260098 | PA      | $2158439.29   | 5.21%             | 2030-01-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                             | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CGK1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2928150 | PA      | $2838963.70   | 6.85%             | 2033-01-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                    | EQT Corp                                                      | CUSIP: 26884LAL3<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    120000 | PA      | $121743.82    | 0.29%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                             | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810RL4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3155278 | PA      | $2355214.70   | 5.68%             | 2045-02-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                             | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810QF8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    747315 | PA      | $753713.82    | 1.82%             | 2040-02-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| INVERSIONES CMPC SA                         | Inversiones CMPC SA                                           | CUSIP: 000000000<br>LEI: 549300G475ACIABB4385 | Long             | DBT              | CORP              | CL        |    240000 | PA      | $240666.96    | 0.58%             | 2027-04-04      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Trust 2022-VAMF                                            | CUSIP: 05609TAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    190000 | PA      | $189877.45    | 0.46%             | 2039-01-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac STACR REMIC Trust 2022-DNA2                       | CUSIP: 35564KRF8<br>LEI: 5493000ISA3AUOXQEF68 | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $203691.60    | 0.49%             | 2042-02-25      | Floating      | 6.76%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                        | Targa Resources Corp                                          | CUSIP: 87612GAA9<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    130000 | PA      | $123579.89    | 0.30%             | 2033-02-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac STACR REMIC Trust 2021-DNA6                       | CUSIP: 35564KKY4<br>LEI: 5493000ISONLNOUKGB71 | Long             | ABS-MBS          | CORP              | US        |    162636 | PA      | $163126.20    | 0.39%             | 2041-10-25      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | AUDUSD CRNCY                                                  | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              | CORP              | US        |         5 | NC      | $5087.50      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 10YR NOTE (CBT)                                            | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        12 | NC      | $6164.94      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TSY INFL IX N/B                             | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810PZ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1956045 | PA      | $2044493.66   | 4.93%             | 2029-01-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.             | CDS CDX.NA.IG.45.V1                                           | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |         1 | NC      | $33555.20     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| BLP Commercial Mortgage Trust               | BLP Commercial Mortgage Trust 2023-IND                        | CUSIP: 055531AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    322915 | PA      | $323238.74    | 0.78%             | 2040-03-15      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                   | ONEOK Inc                                                     | CUSIP: 682680BK8<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    110000 | PA      | $115954.82    | 0.28%             | 2030-11-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| ANTOFAGASTA PLC                             | Antofagasta PLC                                               | CUSIP: 03718NAA4<br>LEI: 213800MY6QVH4FVLD628 | Long             | DBT              | CORP              | GB        |    340000 | PA      | $308410.60    | 0.74%             | 2030-10-14      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                             | United States Treasury Inflation Indexed Bonds                | CUSIP: 9128285W6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3966109 | PA      | $3936874.73   | 9.49%             | 2029-01-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T              | Ellington Financial Mortgage Trust 2022-1                     | CUSIP: 31573CAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    120000 | PA      | $91079.58     | 0.22%             | 2067-01-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                             | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CNS6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1006070 | PA      | $1014531.89   | 2.45%             | 2035-07-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                      | USD/GBP FORWARD                                               | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DFE              | CORP              | US        |         1 | NC      | $4369.73      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2023-B38 Mortgage Trust                             | CUSIP: 081916AE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    130000 | PA      | $136524.58    | 0.33%             | 2056-04-15      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association   | USD/EUR FORWARD                                               | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $17.16        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                             | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810FH6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4912725 | PA      | $5372765.78   | 12.96%            | 2029-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US ULTRA BOND CBT                                             | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -26 | NC      | $-80032.88    | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Bank USA                      | USD/GBP FORWARD                                               | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DFE              | CORP              | US        |         1 | NC      | $1488.89      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ARCELORMITTAL                               | ArcelorMittal SA                                              | CUSIP: 03938LAP9<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |    140000 | PA      | $157357.37    | 0.38%             | 2039-10-15      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                             | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810SM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4397855 | PA      | $2604632.48   | 6.28%             | 2050-02-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                             | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CLV1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2361341 | PA      | $2408752.81   | 5.81%             | 2029-10-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                             | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810TE8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1276528 | PA      | $692648.73    | 1.67%             | 2052-02-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                             | United States Treasury Inflation Indexed Bonds                | CUSIP: 9128287D6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1515504 | PA      | $1470606.85   | 3.55%             | 2029-07-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                   | Morgan Stanley Bank of America Merrill Lynch Trust 2016-C32   | CUSIP: 61691GAR1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    189679 | PA      | $188278.91    | 0.45%             | 2049-12-15      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 5YR NOTE (CBT)                                             | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        41 | NC      | $5446.65      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TSY INFL IX N/B                             | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CDX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    291348 | PA      | $268360.98    | 0.65%             | 2032-01-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                             | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CML2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2763828 | PA      | $2846183.97   | 6.86%             | 2035-01-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                          | Energy Transfer LP                                            | CUSIP: 29278NAG8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    120000 | PA      | $123494.74    | 0.30%             | 2029-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINE HOLDCO                    | Columbia Pipelines Holding Co LLC                             | CUSIP: 19828AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $135697.13    | 0.33%             | 2028-08-15      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                | Ecopetrol SA                                                  | CUSIP: 279158AP4<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    200000 | PA      | $179510.30    | 0.43%             | 2031-11-02      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                             | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CJY8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5044512 | PA      | $5070167.28   | 12.23%            | 2034-01-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Cer              | WaMu Mortgage Pass-Through Certificates Series 2005-AR4 Trust | CUSIP: 92922FG77<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    119438 | PA      | $115995.83    | 0.28%             | 2035-04-25      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                        | Glencore Funding LLC                                          | CUSIP: 378272AN8<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    140000 | PA      | $139402.66    | 0.34%             | 2027-03-27      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-25

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

**Signature:** Christopher Berarducci

**Name of Signer:** Christopher Berarducci

**Title:** Principal Financial Officer