0001193125-16-681539.txt : 20160815 0001193125-16-681539.hdr.sgml : 20160815 20160815121133 ACCESSION NUMBER: 0001193125-16-681539 CONFORMED SUBMISSION TYPE: N-PX PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160630 FILED AS OF DATE: 20160815 DATE AS OF CHANGE: 20160815 EFFECTIVENESS DATE: 20160815 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WESTERN ASSET FUNDS INC CENTRAL INDEX KEY: 0000863520 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-PX SEC ACT: 1940 Act SEC FILE NUMBER: 811-06110 FILM NUMBER: 161831146 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 0000863520 S000000706 Western Asset Global Government Bond Fund C000002065 Class FI C000002066 Class I WAFIX C000066981 Class IS WAOSX C000113686 CLASS A WAOAX C000113687 CLASS C WAOCX C000113688 CLASS R WAORX 0000863520 S000000711 Western Asset Intermediate Bond Fund C000002075 Class FI WAIFX C000002076 Class I WATIX C000066986 Class IS WABSX C000113698 CLASS A WATAX C000113699 CLASS C WATCX C000113700 CLASS R WATRX 0000863520 S000000713 Western Asset Core Bond Fund C000002079 Class I WATFX C000002080 Class FI WAPIX C000066988 Class IS WACSX C000113701 CLASS A WABAX C000113702 CLASS C WABCX C000113703 CLASS R WABRX C000117034 Class C1 LWACX 0000863520 S000000714 Western Asset Core Plus Bond Fund C000002081 Class I WACPX C000002082 Class FI WACIX C000066989 Class IS WAPSX C000113704 CLASS A WAPAX C000113705 CLASS C WAPCX C000113706 CLASS R WAPRX C000117035 Class C1 LWCPX 0000863520 S000000715 Western Asset Inflation Indexed Plus Bond Fund 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 0000863520 S000000716 Western Asset High Yield Fund C000002085 Class FI WAHFX C000002086 Class I WAHYX C000066991 Class IS WAHSX C000113710 CLASS A WAYAX C000113711 CLASS C WAYCX C000113712 CLASS R WAYRX C000144367 Class A2 0000863520 S000012738 Western Asset Total Return Unconstrained Fund C000034298 Class I WAARX C000034299 Class FI WARIX C000066992 Class IS WAASX C000113713 CLASS A WAUAX C000113714 CLASS C WAUCX C000113715 CLASS R WAURX C000139590 CLASS A2 WRTUX 0000863520 S000041845 Western Asset Macro Opportunities Fund C000129905 Class A LAAAX C000129906 Class C LAACX C000129907 Class FI LAFIX C000129908 Class I LAOIX C000129909 Class IS LAOSX N-PX 1 d220149dnpx.htm WESTERN ASSET FUNDS INC Western Asset Funds Inc

 

 

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:

Registrant’s telephone number, including area code: 1-877-721-1926

Date of fiscal year end: Multiple fiscal year ends

Date of reporting period: 07/01/2015–06/30/2016

 

 

 

Item 1 – Proxy Voting Record:

Proxy Voting Record – Attached on behalf of Western Asset High Yield Fund and Western Asset Total Return Unconstrained Fund.

There were no proxies voted on behalf of Western Asset Core Bond Fund, Western Asset Core Plus Bond Fund, Western Asset Inflation-Indexed Plus Bond Fund, Western Asset Intermediate Bond Fund, Western Asset Macro Opportunities Fund and Western Asset Enhanced Equity Fund.

On May 20, 2016, Western Asset Global Government Bond Fund was liquidated. 


******************************* FORM N-Px REPORT *******************************

ICA File Number: 811-06110
Reporting Period: 07/01/2015 - 06/30/2016
Western Asset Funds, Inc.









========================= 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 =======================

There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.



====================== 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 High Yield Fund =========================


CITIGROUP INC

Ticker:       C              Security ID:  172967424
Meeting Date: APR 26, 2016   Meeting Type: ANNUAL
Record Date:  FEB 29, 2016

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1A.   ELECTION OF DIRECTOR: MICHAEL L. CORBAT FOR       FOR          Management
1B.   ELECTION OF DIRECTOR: ELLEN M. COSTELLO FOR       FOR          Management
1C.   ELECTION OF DIRECTOR: DUNCAN P. HENNES  FOR       FOR          Management
1D.   ELECTION OF DIRECTOR: PETER B. HENRY    FOR       FOR          Management
1E.   ELECTION OF DIRECTOR: FRANZ B. HUMER    FOR       FOR          Management
1F.   ELECTION OF DIRECTOR: RENEE J. JAMES    FOR       FOR          Management
1G.   ELECTION OF DIRECTOR: EUGENE M. MCQUADE FOR       FOR          Management
1H.   ELECTION OF DIRECTOR: MICHAEL E.        FOR       FOR          Management
      O'NEILL
1I.   ELECTION OF DIRECTOR: GARY M. REINER    FOR       FOR          Management
1J.   ELECTION OF DIRECTOR: JUDITH RODIN      FOR       FOR          Management
1K.   ELECTION OF DIRECTOR: ANTHONY M.        FOR       FOR          Management
      SANTOMERO
1L.   ELECTION OF DIRECTOR: JOAN E. SPERO     FOR       FOR          Management
1M.   ELECTION OF DIRECTOR: DIANA L. TAYLOR   FOR       FOR          Management
1N.   ELECTION OF DIRECTOR: WILLIAM S.        FOR       FOR          Management
      THOMPSON, JR.
1O.   ELECTION OF DIRECTOR: JAMES S. TURLEY   FOR       FOR          Management
1P.   ELECTION OF DIRECTOR: ERNESTO ZEDILLO   FOR       FOR          Management
      PONCE DE LEON
2     PROPOSAL TO RATIFY THE SELECTION OF     FOR       FOR          Management
      KPMG LLP AS CITI'S INDEPENDENT
      REGISTERED PUBLIC ACCOUNTING FIRM FOR
      2016.
3     ADVISORY APPROVAL OF CITI'S 2015        FOR       FOR          Management
      EXECUTIVE COMPENSATION.
4     APPROVAL OF AN AMENDMENT TO THE         FOR       FOR          Management
      CITIGROUP 2014 STOCK INCENTIVE PLAN
      AUTHORIZING ADDITIONAL SHARES.
5     APPROVAL OF THE AMENDED AND RESTATED    FOR       FOR          Management
      2011 CITIGROUP EXECUTIVE PERFORMANCE
      PLAN.
6     STOCKHOLDER PROPOSAL REQUESTING A       FOR       FOR          Management
      REPORT DEMONSTRATING THE COMPANY DOES
      NOT HAVE A GENDER PAY GAP.
7     STOCKHOLDER PROPOSAL REQUESTING A       FOR       FOR          Management
      REPORT ON LOBBYING AND GRASSROOTS
      LOBBYING CONTRIBUTIONS.
8     STOCKHOLDER PROPOSAL REQUESTING THAT    FOR       FOR          Management
      THE BOARD APPOINT A STOCKHOLDER VALUE
      COMMITTEE.
9     STOCKHOLDER PROPOSAL REQUESTING AN      FOR       FOR          Management
      AMENDMENT TO THE GENERAL CLAWBACK
      POLICY.
10    STOCKHOLDER PROPOSAL REQUESTING THAT    FOR       FOR          Management
      THE BOARD ADOPT A POLICY PROHIBITING
      THE VESTING OF EQUITY-BASED AWARDS FOR
      SENIOR EXECUTIVES DUE TO A VOLUNTARY
      RESIGNATION TO ENTER GOVERNMENT
      SERVICE.


--------------------------------------------------------------------------------

JPMORGAN CHASE & CO

Ticker:       JPM            Security ID:  46625H100
Meeting Date: MAY 17, 2016   Meeting Type: ANNUAL
Record Date:  MAR 18, 2016

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1A.   ELECTION OF DIRECTOR: LINDA B. BAMMANN  FOR       ABSTAIN      Management
1B.   ELECTION OF DIRECTOR: JAMES A. BELL     FOR       ABSTAIN      Management
1C.   ELECTION OF DIRECTOR: CRANDALL C.       FOR       ABSTAIN      Management
      BOWLES
1D.   ELECTION OF DIRECTOR: STEPHEN B. BURKE  FOR       ABSTAIN      Management
1E.   ELECTION OF DIRECTOR: JAMES S. CROWN    FOR       ABSTAIN      Management
1F.   ELECTION OF DIRECTOR: JAMES DIMON       FOR       ABSTAIN      Management
1G.   ELECTION OF DIRECTOR: TIMOTHY P. FLYNN  FOR       ABSTAIN      Management
1H.   ELECTION OF DIRECTOR: LABAN P.          FOR       ABSTAIN      Management
      JACKSON, JR.
1I.   ELECTION OF DIRECTOR: MICHAEL A. NEAL   FOR       ABSTAIN      Management
1J.   ELECTION OF DIRECTOR: LEE R. RAYMOND    FOR       ABSTAIN      Management
1K.   ELECTION OF DIRECTOR: WILLIAM C. WELDON FOR       ABSTAIN      Management
2     ADVISORY RESOLUTION TO APPROVE          FOR       ABSTAIN      Management
      EXECUTIVE COMPENSATION
3     RATIFICATION OF INDEPENDENT REGISTERED  FOR       ABSTAIN      Management
      PUBLIC ACCOUNTING FIRM
4     INDEPENDENT BOARD CHAIRMAN - REQUIRE    FOR       ABSTAIN      Management
      AN INDEPENDENT CHAIR
5     HOW VOTES ARE COUNTED - COUNT VOTES     FOR       ABSTAIN      Management
      USING ONLY FOR AND AGAINST AND IGNORE
      ABSTENTIONS
6     VESTING FOR GOVERNMENT SERVICE          FOR       ABSTAIN      Management
      -PROHIBIT VESTING OF EQUITY-BASED
      AWARDS FOR SENIOR EXECUTIVES DUE TO
      VOLUNTARY RESIGNATION TO ENTER
      GOVERNMENT SERVICE
7     APPOINT A STOCKHOLDER VALUE COMMITTEE   FOR       ABSTAIN      Management
      - ADDRESS WHETHER DIVESTITURE OF ALL
      NON- CORE BANKING BUSINESS SEGMENTS
      WOULD ENHANCE SHAREHOLDER VALUE
8     CLAWBACK AMENDMENT - DEFER              FOR       ABSTAIN      Management
      COMPENSATION FOR 10 YEARS TO HELP
      SATISFY ANY MONETARY PENALTY
      ASSOCIATED WITH VIOLATION OF LAW
9     EXECUTIVE COMPENSATION PHILOSOPHY -     FOR       ABSTAIN      Management
      ADOPT A BALANCED EXECUTIVE
      COMPENSATION PHILOSOPHY WITH SOCIAL
      FACTORS TO IMPROVE THE FIRM'S ETHICAL
      CONDUCT AND PUBLIC REPUTATION




================ 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 =====================

There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.



==================== 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 =================


AXTEL, S.A.B. DE C.V.

Ticker:       AXTLY          Security ID:  05461Y106
Meeting Date: MAR 28, 2016   Meeting Type: ANNUAL
Record Date:  MAR 14, 2016

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
I     DISCUSSION AND, AS THE CASE MAY BE,     N/A       ABSTAIN      Management
      APPROVAL OF THE REPORTS AND OPINION
      REFERRED TO IN ARTICLE 28, SECTION IV
      OF THE SECURITIES MARKET LAW, IN
      CONNECTION WITH THE FISCAL YEAR 2015.
II    PROPOSAL ON THE IMPLEMENTATION OF THE   N/A       ABSTAIN      Management
      RESULTS ACCOUNT FOR THE FISCAL YEAR
      2015.
III   APPOINTMENT OF THE MEMBERS OF THE       N/A       ABSTAIN      Management
      BOARD OF DIRECTORS, AND CHAIRMAN OF
      THE AUDIT AND CORPORATE PRACTICES
      COMMITTEE; DETERMINATION OF THEIR
      REMUNERATION AND RELATED AGREEMENTS.
IV    DESIGNATION OF DELEGATES.               N/A       ABSTAIN      Management
V     PRESENTATION AND, IF APPLICABLE,        N/A       ABSTAIN      Management
      APPROVAL OF THE MINUTE OF THE MEETING.


--------------------------------------------------------------------------------

TROPICANA ENTERTAINMENT INC

Ticker:       TPCA           Security ID:  89708X105
Meeting Date: MAY 12, 2016   Meeting Type: ANNUAL
Record Date:  APR 08, 2016

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   DANIEL A. CASSELLA                      FOR       FOR          Management
1.2   HUNTER C. GARY                          FOR       FOR          Management
1.3   CARL C. ICAHN                           FOR       FOR          Management
1.4   WILLIAM A. LEIDESDORF                   FOR       FOR          Management
1.5   DANIEL H. SCOTT                         FOR       FOR          Management
1.6   ANTHONY P. RODIO                        FOR       FOR          Management
1.7   KEITH COZZA                             FOR       FOR          Management
2     TO APPROVE THE TROPICANA ENTERTAINMENT  FOR       FOR          Management
      INC. PERFORMANCE INCENTIVE PLAN.
3     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, 2016.
4     TO VOTE ON AN ADVISORY RESOLUTION TO    FOR       FOR          Management
      APPROVE EXECUTIVE COMPENSATION FOR THE
      FISCAL YEAR ENDING DECEMBER 31, 2015.

========== 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 15, 2016