UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF
REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: 811-06110
Western Asset Funds, Inc.
Name of Fund:
100 International Drive
Baltimore, MD 21202
Fund Address:
Robert I. Frenkel
Western Asset Funds, Inc
100 First Stamford Place
Stamford, CT 06902
Name and address of agent for service:
Registrants telephone number, including area code: 1-877-721-1926
Date of fiscal year end: Multiple fiscal year ends
Date of reporting period: 07/01/201406/30/2015
Item 1 Proxy Voting Record:
Proxy Voting Record Attached on behalf of Western Asset Core Plus Bond Fund, Western Asset High Yield Fund, Western Asset Intermediate Bond Fund and Western Asset Total Return Unconstrained Fund.
There were no proxies voted on behalf of Western Asset Core Bond Fund, Western Asset Inflation-Indexed Plus Bond Fund, Western Asset Global Government Bond Fund, Western Asset Macro Opportunities Fund and Western Asset Enhanced Equity Fund.
On November 14, 2014, Western Asset Global Multi-Sector Fund was liquidated. On April 30, 2015, Western Asset Asian Opportunities Fund was liquidated.
******************************* FORM N-Px REPORT ******************************* ICA File Number: 811-06110 Reporting Period: 07/01/2014 - 06/30/2015 Western Asset Funds, Inc. ==================== Western Asset Asian Opportunities Fund ==================== There is no proxy voting activity for the fund, as the fund did not hold any votable positions during the reporting period. ========================= Western Asset Core Bond Fund ========================= There is no proxy voting activity for the fund, as the fund did not hold any votable positions during the reporting period. ====================== Western Asset Core Plus Bond Fund ======================= DEUTSCHE BANK NATIONAL TRUST COMPANY Ticker: GSAA Security ID: 36245RAF6 Meeting Date: APR 20, 2015 Meeting Type: CONSENT Record Date: FEB 20, 2015 # Proposal Mgt Rec Vote Cast Sponsor TO SUPPORT THE ACTIONS DESCRIBED IN FOR AGAINST Management CONSENTTHE EXPLANATORY MEMORANDUM. -------------------------------------------------------------------------------- MORGAN STANLEY MORTGAGE LOAN Ticker: MS Security ID: 61748HBF7 Meeting Date: APR 20, 2015 Meeting Type: CONSENT Record Date: FEB 20, 2015 # Proposal Mgt Rec Vote Cast Sponsor TO SUPPORT THE ACTIONS DESCRIBED IN FOR AGAINST Management CONSENTTHE EXPLANATORY MEMORANDUM. ====================== Western Asset Enhanced Equity Fund ====================== There is no proxy voting activity for the fund, as the fund did not hold any votable positions during the reporting period. ================== Western Asset Global Government Bond Fund =================== There is no proxy voting activity for the fund, as the fund did not hold any votable positions during the reporting period. ==================== Western Asset Global Multi-Sector Fund ==================== There is no proxy voting activity for the fund, as the fund did not hold any votable positions during the reporting period. ======================== Western Asset High Yield Fund ========================= CITIGROUP INC Ticker: C Security ID: 172967424 Meeting Date: APR 28, 2015 Meeting Type: ANNUAL Record Date: FEB 27, 2015 # Proposal Mgt Rec Vote Cast Sponsor 1A. Election of Directors - Michael L. FOR FOR Management Corbat 1B. Election of Directors - Duncan P. FOR FOR Management Hennes 1C. Election of Directors - Peter B. Henry FOR FOR Management 1D. Election of Directors - Franz B. Humer FOR FOR Management 1E. Election of Directors - Michael E. FOR FOR Management O'Neill 1F. Election of Directors - Gary M. Reiner FOR FOR Management 1G. Election of Directors - Judith Rodin FOR FOR Management 1H. Election of Directors - Anthony M. FOR FOR Management Santomero 1I. Election of Directors - Joan E. Spero FOR FOR Management 1J. Election of Directors - Diana. L. FOR FOR Management Taylor 1K. Election of Directors - William S. FOR FOR Management Thompson, Jr. 1L. Election of Directors - James S. Turley FOR FOR Management 1M. Election of Directors - Ernesto FOR FOR Management Zedillo Ponce de leon 2 PROPOSAL TO RATIFY THE SELECTION OF FOR FOR Management KPMG LLP AS CITI'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2015 3 ADVISORY APPROVAL OF CITI'S 2014 FOR FOR Management EXECUTIVE COMPENSATION 4 APPROVAL OF AN AMENDMENT TO THE FOR FOR Management CITIGROUP 2014 STOCK INCENTIVE PLAN AUTHORIZING ADDITIONAL SHARES 5 STOCKHOLDER PROPOSAL REQUESTING PROXY FOR FOR Management ACCESS FOR SHAREHOLDERS 6 STOCKHOLDER PROPOSAL REQUESTING A AGAINST AGAINST Management REPORT ON LOBBYING AND GRASSROOTS LOBBYING CONTRIBUTIONS 7 STOCKHOLDER PROPOSAL REQUESTING AN AGAINST AGAINST Management AMENDMENT TO THE GENERAL CLAWBACK POLICY 8 STOCKHOLDER PROPOSAL REQUESTING A AGAINST AGAINST Management BY-LAW AMENDMENT TO EXCLUDE FROM THE BOARD OF DIRECTORS' AUDIT COMMITTEE ANY DIRECTOR WHO WAS A DIRECTOR AT A PUBLIC COMPANY WHILE THAT COMPANY FILED FOR REORGANIZATION UNDER CHAPTER 11 9 STOCKHOLDER PROPOSAL REQUESTING A AGAINST AGAINST Management REPORT REGARDING THE VESTING OF EQUITY-BASED AWARDS FOR SENIOR EXECUTIVES DUE TO A VOLUNTARY RESIGNATION TO ENTER GOVERNMENT SERVICE -------------------------------------------------------------------------------- FORD MOTOR COMPANY Ticker: F Security ID: 345370860 Meeting Date: MAY 14, 2015 Meeting Type: ANNUAL Record Date: MAR 17, 2015 # Proposal Mgt Rec Vote Cast Sponsor 1A. Election of Directors - Stephen G. FOR ABSTAIN Management Butler 1B. Election of Directors - Kimberly A. FOR ABSTAIN Management Casiano 1C. Election of Directors - Anthony F. FOR ABSTAIN Management Earley, Jr. 1D. Election of Directors - Mark Fields FOR ABSTAIN Management 1E. Election of Directors Edsel B. Ford II FOR ABSTAIN Management 1F. Election of Directors - William Clay FOR ABSTAIN Management Ford, Jr. 1G. Election of Directors - James P. FOR ABSTAIN Management Hackett 1H. Election of Directors - James H. FOR ABSTAIN Management Hance, Jr. 1I. Election of Directors - William W. FOR ABSTAIN Management Helman IV 1J. Election of Directors - Jon M. FOR ABSTAIN Management Huntsman, Jr. 1K. Election of Directors - William E. FOR ABSTAIN Management Kennard 1L. Election of Directors - John C. FOR ABSTAIN Management Lechleiter 1M. Election of Directors - Ellen R. Marram FOR ABSTAIN Management 1N. Election of Directors - Gerald L. FOR ABSTAIN Management Shaheen 1O. Election of Directors - John L. FOR ABSTAIN Management Thornton 2 Ratify Appointment of Independent FOR ABSTAIN Management Auditors 3 Say on Pay - An advisory vote to FOR ABSTAIN Management approve the compensation of the named executives 4 Relating to consideration of a AGAINST ABSTAIN Shareholder recapitalization plan to provide that all of the company's outstanding stock have one vote per share 5 Relating to allowing holders of 20% of AGAINST ABSTAIN Shareholder outstanding common stock to call special meetings of shareholders -------------------------------------------------------------------------------- GENERAL MOTORS CO Ticker: GM Security ID: 37045V100 Meeting Date: JUN 09, 2015 Meeting Type: ANNUAL Record Date: APR 10, 2015 # Proposal Mgt Rec Vote Cast Sponsor 1A. ELECTION OF DIRECTOR: JOSEPH J. ASHTON FOR FOR Management 1B. ELECTION OF DIRECTOR: MARY T. BARRA FOR FOR Management 1C. ELECTION OF DIRECTOR: STEPHEN J. GIRSKY FOR FOR Management 1D. ELECTION OF DIRECTOR: LINDA R. GOODEN FOR FOR Management 1E. ELECTION OF DIRECTOR: JOSEPH JIMENEZ, FOR FOR Management JR. 1F. ELECTION OF DIRECTOR: KATHRYN V. FOR FOR Management MARINELLO 1G. ELECTION OF DIRECTOR: MICHAEL G. MULLEN FOR FOR Management 1H. ELECTION OF DIRECTOR: JAMES J. MULVA FOR FOR Management 1I. ELECTION OF DIRECTOR: PATRICIA F. RUSSO FOR FOR Management 1J. ELECTION OF DIRECTOR: THOMAS M. SCHOEWE FOR FOR Management 1K. ELECTION OF DIRECTOR: THEODORE M. SOLSO FOR FOR Management 1L. ELECTION OF DIRECTOR: CAROL M. FOR FOR Management STEPHENSON 2 RATIFICATION OF THE SELECTION OF FOR FOR Management DELOITTE & TOUCHE LLP AS GM'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2015 3 ADVISORY VOTE TO APPROVE EXECUTIVE FOR FOR Management COMPENSATION 4 INDEPENDENT BOARD CHAIRMAN AGAINST AGAINST Shareholder 5 CUMULATIVE VOTING AGAINST AGAINST Shareholder -------------------------------------------------------------------------------- HORIZON LINES INC Ticker: HRZL Security ID: 44044K309 Meeting Date: FEB 25, 2015 Meeting Type: CONSENT Record Date: JAN 27, 2015 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Merger Agreement FOR FOR Management 2 14A Extraordinary Transaction FOR FOR Management Executive Compensation 3 Approve Motion to Adjourn Meeting FOR FOR Management -------------------------------------------------------------------------------- JPMORGAN CHASE & CO Ticker: JPM Security ID: 46625H100 Meeting Date: MAY 19, 2015 Meeting Type: ANNUAL Record Date: MAR 20, 2015 # Proposal Mgt Rec Vote Cast Sponsor 1A. ELECTION OF DIRECTOR: LINDA B. BAMMANN For For Management 1B. ELECTION OF DIRECTOR: JAMES A. BELL For For Management 1C. ELECTION OF DIRECTOR: CRANDALL C. For For Management BOWLES 1D. ELECTION OF DIRECTOR: STEPHEN B. BURKE For For Management 1E. ELECTION OF DIRECTOR: JAMES S. CROWN For For Management 1F. ELECTION OF DIRECTOR: JAMES DIMON For For Management 1G. ELECTION OF DIRECTOR: TIMOTHY P. FLYNN For For Management 1H. ELECTION OF DIRECTOR: LABAN P. For For Management JACKSON, JR. 1I. ELECTION OF DIRECTOR: MICHAEL A. NEAL For For Management 1J. ELECTION OF DIRECTOR: LEE R. RAYMOND For For Management 1K. ELECTION OF DIRECTOR: WILLIAM C. WELDON For For Management 2 ADVISORY RESOLUTION TO APPROVE Against Against Management EXECUTIVE COMPENSATION 3 RATIFICATION OF INDEPENDENT REGISTERED For For Management PUBLIC ACCOUNTING FIRM 4 APPROVAL OF AMENDMENT TO LONG-TERM Against Against Management INCENTIVE PLAN 5 INDEPENDENT BOARD CHAIRMAN - REQUIRE Against For Shareholder AN INDEPENDENT CHAIR 6 LOBBYING - REPORT ON POLICIES, Against For Shareholder PROCEDURES AND EXPENDITURES 7 SPECIAL SHAREOWNER MEETINGS - REDUCE For Against Shareholder OWNERSHIP THRESHOLD FROM 20% TO 10% 8 HOW VOTES ARE COUNTED - COUNT VOTES Against For Shareholder USING ONLY FOR AND AGAINST 9 ACCELERATED VESTING PROVISIONS - Against For Shareholder REPORT NAMES OF SENIOR EXECUTIVES AND VALUE OF EQUITY AWARDS THAT WOULD VEST IF THEY RESIGN TO ENTER GOVERNMENT SERVICE 10 CLAWBACK DISCLOSURE POLICY - DISCLOSE Against For Shareholder WHETHER THE FIRM RECOUPED ANY INCENTIVE COMPENSATION FROM SENIOR EXECUTIVES -------------------------------------------------------------------------------- LYONDELLBASELL INDUSTRIES N.V. Ticker: LYB Security ID: NL0009434992 Meeting Date: MAY 06, 2015 Meeting Type: ANNUAL Record Date: MAR 16, 2015 # Proposal Mgt Rec Vote Cast Sponsor 1A. ELECTION OF CLASS II SUPERVISORY FOR FOR Management DIRECTOR TO SERVE UNTIL THE ANNUAL GENERAL MEETING IN 2018: ROBIN BUCHANAN 1B. ELECTION OF CLASS II SUPERVISORY FOR FOR Management DIRECTOR TO SERVE UNTIL THE ANNUAL GENERAL MEETING IN 2018: STEPHEN F. COOPER 1C. ELECTION OF CLASS II SUPERVISORY FOR FOR Management DIRECTOR TO SERVE UNTIL THE ANNUAL GENERAL MEETING IN 2018: ISABELLA D. GOREN 1D. ELECTION OF CLASS II SUPERVISORY FOR FOR Management DIRECTOR TO SERVE UNTIL THE ANNUAL GENERAL MEETING IN 2018: ROBERT G. GWIN 2A. ELECTION OF MANAGING DIRECTOR TO SERVE FOR FOR Management A THREE-YEAR TERM: KEVIN W. BROWN 2B. ELECTION OF MANAGING DIRECTOR TO SERVE FOR FOR Management A THREE-YEAR TERM: JEFFREY A. KAPLAN 3 ADOPTION OF ANNUAL ACCOUNTS FOR 2014 FOR FOR Management 4 DISCHARGE FROM LIABILITY OF MEMBERS OF FOR FOR Management THE MANAGEMENT BOARD 5 DISCHARGE FROM LIABILITY OF MEMBERS OF FOR FOR Management THE SUPERVISORY BOARD 6 RATIFICATION OF PRICEWATERHOUSECOOPERS FOR FOR Management LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 7 APPOINTMENT OF PRICEWATERHOUSECOOPERS FOR FOR Management ACCOUNTANTS N.V. AS OUR AUDITOR FOR THE DUTCH ANNUAL ACCOUNTS 8 RATIFICATION AND APPROVAL OF DIVIDENDS FOR FOR Management IN RESPECT OF THE 2014 FISCAL YEAR 9 ADVISORY (NON-BINDING) VOTE APPROVING FOR FOR Management EXECUTIVE COMPENSATION 10 APPROVAL OF AUTHORITY OF THE FOR FOR Management SUPERVISORY BOARD TO ISSUE SHARES OR GRANT RIGHTS TO ACQUIRE SHARES 11 APPROVAL FOR THE SUPERVISORY BOARD TO FOR FOR Management LIMIT OR EXCLUDE PRE-EMPTIVE RIGHTS FROM ANY SHARES OR GRANTS OF RIGHTS TO ACQUIRE SHARES THAT IT ISSUES 12 APPROVAL OF AMENDMENT TO THE FOR FOR Management LYONDELLBASELL N.V. 2012 GLOBAL EMPLOYEE STOCK PURCHASE PLAN 13 APPROVAL TO REPURCHASE UP TO 10% OF FOR FOR Management ISSUED SHARE CAPITAL -------------------------------------------------------------------------------- MIRABELA NICKEL LTD Ticker: MBN Security ID: AU000000MBN9 Meeting Date: MAY 28, 2015 Meeting Type: ANNUAL Record Date: MAY 26, 2015 # Proposal Mgt Rec Vote Cast Sponsor 1 ADOPTION OF REMUNERATION REPORT FOR FOR Management 2 RE-ELECTION OF MR ROSS EDWARD FOR FOR Management GRIFFITHS AS A DIRECTOR ================ Western Asset Inflation Indexed Plus Bond Fund ================ There is no proxy voting activity for the fund, as the fund did not hold any votable positions during the reporting period. ===================== Western Asset Intermediate Bond Fund ===================== MORGAN STANLEY MORTGAGE LOAN Ticker: MS Security ID: 61748HBF7 Meeting Date: APR 20, 2015 Meeting Type: CONSENT Record Date: FEB 20, 2015 # Proposal Mgt Rec Vote Cast Sponsor ==================== Western Asset Macro Opportunities Fund ==================== There is no proxy voting activity for the fund, as the fund did not hold any votable positions during the reporting period. ================ Western Asset Total Return Unconstrained Fund ================= MORGAN STANLEY MORTGAGE LOAN Ticker: MS Security ID: 61748HBM2 Meeting Date: APR 20, 2015 Meeting Type: CONSENT Record Date: FEB 20, 2015 # Proposal Mgt Rec Vote Cast Sponsor TO SUPPORT THE ACTIONS DESCRIBED IN FOR AGAINST Management CONSENTTHE EXPLANATORY MEMORANDUM. -------------------------------------------------------------------------------- TROPICANA ENTERTAINMENT INC Ticker: TPCA Security ID: 89708X105 Meeting Date: MAY 14, 2015 Meeting Type: ANNUAL Record Date: APR 10, 2015 # Proposal Mgt Rec Vote Cast Sponsor 1 ELECTION OF DIRECTORS: FOR FOR Management 2 TO RATIFY THE APPOINTMENT OF GRANT FOR FOR Management THORNTON LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2015. 3 ADVISORY RESOLUTION TO APPROVE FOR FOR Management EXECUTIVE COMPENSATION. ========== END NPX REPORT
Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Western Asset Funds, Inc. | ||
By: | /s/ Jane E. Trust | |
Jane E. Trust | ||
President of Western Asset Funds, Inc. | ||
Date: August 17, 2015 |