WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
CORPORATE BONDS & NOTES - 39.9%
COMMUNICATION SERVICES - 4.2%
Diversified Telecommunication Services - 1.0%
Altice Financing SA, Senior Secured Notes		5.750	%		8/15/29		4,570,000	$	3,751,096	(a)
AT&T Inc., Senior Notes		3.800	%		2/15/27		1,250,000		1,175,278
AT&T Inc., Senior Notes		2.300	%		6/1/27		22,870,000		20,258,345
AT&T Inc., Senior Notes		2.250	%		2/1/32		19,180,000		14,441,211
AT&T Inc., Senior Notes		2.550	%		12/1/33		5,860,000		4,305,970
AT&T Inc., Senior Notes		5.350	%		9/1/40		4,390,000		3,915,487
AT&T Inc., Senior Notes		5.550	%		8/15/41		5,040,000		4,529,320
AT&T Inc., Senior Notes		4.350	%		6/15/45		6,469,000		4,846,454
AT&T Inc., Senior Notes		3.500	%		9/15/53		9,060,000		5,602,685
AT&T Inc., Senior Notes		3.550	%		9/15/55		13,730,000		8,413,558
AT&T Inc., Senior Notes		3.800	%		12/1/57		1,520,000		963,878
AT&T Inc., Senior Notes		3.650	%		9/15/59		4,690,000		2,856,615
Telefonica Emisiones SA, Senior Notes		5.213	%		3/8/47		6,160,000		4,912,050
Telefonica Emisiones SA, Senior Notes		4.895	%		3/6/48		11,960,000		9,070,165
Verizon Communications Inc., Senior Notes		4.125	%		3/16/27		5,755,000		5,476,084
Verizon Communications Inc., Senior Notes		2.100	%		3/22/28		8,470,000		7,278,639
Verizon Communications Inc., Senior Notes		4.329	%		9/21/28		26,937,000		25,322,027
Verizon Communications Inc., Senior Notes		3.875	%		2/8/29		4,900,000		4,489,724
Verizon Communications Inc., Senior Notes		3.150	%		3/22/30		10,510,000		8,974,640
Verizon Communications Inc., Senior Notes		2.550	%		3/21/31		26,933,000		21,459,061
Verizon Communications Inc., Senior Notes		2.355	%		3/15/32		50,000		38,162
Verizon Communications Inc., Senior Notes		4.500	%		8/10/33		18,525,000		16,502,090
Verizon Communications Inc., Senior Notes		4.400	%		11/1/34		2,200,000		1,909,155
Verizon Communications Inc., Senior Notes		5.250	%		3/16/37		11,010,000		10,281,884

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         1

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Diversified Telecommunication Services - (continued)
Verizon Communications Inc., Senior Notes		2.650	%		11/20/40		14,320,000	$	9,071,150
Verizon Communications Inc., Senior Notes		3.400	%		3/22/41		4,410,000		3,128,571
Verizon Communications Inc., Senior Notes		3.850	%		11/1/42		4,840,000		3,581,122
Verizon Communications Inc., Senior Notes		4.125	%		8/15/46		9,310,000		6,963,660
Verizon Communications Inc., Senior Notes		5.500	%		3/16/47		1,455,000		1,350,872
Verizon Communications Inc., Senior Notes		4.000	%		3/22/50		20,220,000		14,503,208
Verizon Communications Inc., Senior Notes		2.875	%		11/20/50		3,000,000		1,735,763
Verizon Communications Inc., Senior Notes		3.550	%		3/22/51		5,610,000		3,694,655
Total Diversified Telecommunication Services									234,802,579
Entertainment - 0.2%
Walt Disney Co., Senior Notes		6.200	%		12/15/34		260,000		270,347
Walt Disney Co., Senior Notes		6.650	%		11/15/37		5,240,000		5,629,569
Warnermedia Holdings Inc., Senior Notes		6.412	%		3/15/26		11,760,000		11,762,935
Warnermedia Holdings Inc., Senior Notes		3.755	%		3/15/27		6,040,000		5,578,861
Warnermedia Holdings Inc., Senior Notes		4.054	%		3/15/29		9,150,000		8,156,657
Warnermedia Holdings Inc., Senior Notes		4.279	%		3/15/32		18,100,000		15,374,359
Warnermedia Holdings Inc., Senior Notes		5.050	%		3/15/42		3,380,000		2,615,929
Warnermedia Holdings Inc., Senior Notes		5.141	%		3/15/52		2,820,000		2,097,055
Total Entertainment									51,485,712
Interactive Media & Services - 0.1%
Alphabet Inc., Senior Notes		1.100	%		8/15/30		7,900,000		6,152,592
Alphabet Inc., Senior Notes		1.900	%		8/15/40		7,890,000		4,939,277
Alphabet Inc., Senior Notes		2.050	%		8/15/50		4,870,000		2,661,733
Total Interactive Media & Services									13,753,602

See Notes to Schedule of Investments.

    2     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Media - 1.9%
CCO Holdings LLC/CCO Holdings Capital Corp., Senior Notes		5.000	%		2/1/28		5,450,000	$	4,955,321	(a)
CCO Holdings LLC/CCO Holdings Capital Corp., Senior Notes		4.500	%		8/15/30		1,460,000		1,200,292	(a)
CCO Holdings LLC/CCO Holdings Capital Corp., Senior Notes		4.250	%		2/1/31		9,610,000		7,659,300	(a)
CCO Holdings LLC/CCO Holdings Capital Corp., Senior Notes		4.750	%		2/1/32		11,470,000		9,188,789	(a)
CCO Holdings LLC/CCO Holdings Capital Corp., Senior Notes		4.500	%		5/1/32		27,063,000		21,268,078
CCO Holdings LLC/CCO Holdings Capital Corp., Senior Notes		4.500	%		6/1/33		6,090,000		4,666,397	(a)
Charter Communications Operating LLC/Charter Communications Operating Capital Corp., Senior Secured Notes		4.908	%		7/23/25		24,187,000		23,642,289
Charter Communications Operating LLC/Charter Communications Operating Capital Corp., Senior Secured Notes		4.200	%		3/15/28		23,199,000		21,301,033
Charter Communications Operating LLC/Charter Communications Operating Capital Corp., Senior Secured Notes		5.050	%		3/30/29		19,860,000		18,570,672
Charter Communications Operating LLC/Charter Communications Operating Capital Corp., Senior Secured Notes		2.800	%		4/1/31		5,450,000		4,252,909
Charter Communications Operating LLC/Charter Communications Operating Capital Corp., Senior Secured Notes		4.400	%		4/1/33		18,970,000		16,143,258
Charter Communications Operating LLC/Charter Communications Operating Capital Corp., Senior Secured Notes		5.375	%		4/1/38		9,215,000		7,542,893

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         3

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Media - (continued)
Charter Communications Operating LLC/Charter Communications Operating Capital Corp., Senior Secured Notes		3.500	%		3/1/42		6,700,000	$	4,144,731
Charter Communications Operating LLC/Charter Communications Operating Capital Corp., Senior Secured Notes		6.484	%		10/23/45		6,620,000		5,785,193
Charter Communications Operating LLC/Charter Communications Operating Capital Corp., Senior Secured Notes		5.375	%		5/1/47		1,790,000		1,365,277
Charter Communications Operating LLC/Charter Communications Operating Capital Corp., Senior Secured Notes		5.750	%		4/1/48		10,450,000		8,351,962
Charter Communications Operating LLC/Charter Communications Operating Capital Corp., Senior Secured Notes		5.125	%		7/1/49		15,750,000		11,494,538
Charter Communications Operating LLC/Charter Communications Operating Capital Corp., Senior Secured Notes		4.800	%		3/1/50		6,040,000		4,227,917
Charter Communications Operating LLC/Charter Communications Operating Capital Corp., Senior Secured Notes		6.834	%		10/23/55		2,608,000		2,307,047
Charter Communications Operating LLC/Charter Communications Operating Capital Corp., Senior Secured Notes		5.500	%		4/1/63		11,060,000		8,191,872
Comcast Corp., Senior Notes		3.375	%		8/15/25		3,940,000		3,790,351
Comcast Corp., Senior Notes		3.950	%		10/15/25		21,460,000		20,826,617

See Notes to Schedule of Investments.

    4     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Media - (continued)
Comcast Corp., Senior Notes		3.150	%		3/1/26		9,960,000	$	9,460,745
Comcast Corp., Senior Notes		3.300	%		4/1/27		12,400,000		11,549,952
Comcast Corp., Senior Notes		4.150	%		10/15/28		42,000,000		39,800,882
Comcast Corp., Senior Notes		3.400	%		4/1/30		7,960,000		7,025,262
Comcast Corp., Senior Notes		4.250	%		10/15/30		20,418,000		18,815,544
Comcast Corp., Senior Notes		4.250	%		1/15/33		1,710,000		1,538,947
Comcast Corp., Senior Notes		4.200	%		8/15/34		244,000		213,351
Comcast Corp., Senior Notes		5.650	%		6/15/35		60,000		59,323
Comcast Corp., Senior Notes		6.500	%		11/15/35		451,000		478,322
Comcast Corp., Senior Notes		3.900	%		3/1/38		8,310,000		6,794,433
Comcast Corp., Senior Notes		3.250	%		11/1/39		1,580,000		1,155,518
Comcast Corp., Senior Notes		3.750	%		4/1/40		7,620,000		5,907,251
Comcast Corp., Senior Notes		3.400	%		7/15/46		1,550,000		1,057,434
Comcast Corp., Senior Notes		4.000	%		8/15/47		2,990,000		2,236,360
Comcast Corp., Senior Notes		3.969	%		11/1/47		10,306,000		7,698,377
Comcast Corp., Senior Notes		4.000	%		3/1/48		2,230,000		1,673,761
Comcast Corp., Senior Notes		3.999	%		11/1/49		11,776,000		8,750,001
Comcast Corp., Senior Notes		3.450	%		2/1/50		4,417,000		2,989,461
Comcast Corp., Senior Notes		2.800	%		1/15/51		9,010,000		5,280,188
Comcast Corp., Senior Notes		2.887	%		11/1/51		7,170,000		4,228,940
Comcast Corp., Senior Notes		2.937	%		11/1/56		4,834,000		2,749,586
Comcast Corp., Senior Notes		4.950	%		10/15/58		2,370,000		2,041,941
DISH DBS Corp., Senior Notes		5.875	%		11/15/24		11,864,000		11,061,796
DISH DBS Corp., Senior Notes		7.750	%		7/1/26		5,360,000		4,028,388
DISH DBS Corp., Senior Notes		5.125	%		6/1/29		12,390,000		6,887,291
DISH DBS Corp., Senior Secured Notes		5.250	%		12/1/26		6,330,000		5,391,425	(a)
DISH DBS Corp., Senior Secured Notes		5.750	%		12/1/28		1,120,000		863,100	(a)
Fox Corp., Senior Notes		5.476	%		1/25/39		13,410,000		11,598,878
Time Warner Cable Enterprises LLC, Senior Secured Notes		8.375	%		7/15/33		2,060,000		2,215,961
Time Warner Cable LLC, Senior Secured Notes		6.550	%		5/1/37		4,570,000		4,147,912
Time Warner Cable LLC, Senior Secured Notes		7.300	%		7/1/38		8,925,000		8,603,737
Time Warner Cable LLC, Senior Secured Notes		6.750	%		6/15/39		3,295,000		3,018,385

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         5

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Media - (continued)
Time Warner Cable LLC, Senior Secured Notes		5.875	%		11/15/40		8,447,000	$	7,004,478
Virgin Media Secured Finance PLC, Senior Secured Notes		5.500	%		5/15/29		10,960,000		9,774,119	(a)
Total Media									426,977,785
Wireless Telecommunication Services - 1.0%
CSC Holdings LLC, Senior Notes		5.375	%		2/1/28		9,173,000		7,480,139	(a)
CSC Holdings LLC, Senior Notes		4.125	%		12/1/30		5,960,000		4,223,966	(a)
CSC Holdings LLC, Senior Notes		3.375	%		2/15/31		6,420,000		4,381,473	(a)
CSC Holdings LLC, Senior Notes		4.500	%		11/15/31		43,058,000		30,523,346	(a)
Sprint Capital Corp., Senior Notes		6.875	%		11/15/28		635,000		656,191
Sprint Capital Corp., Senior Notes		8.750	%		3/15/32		14,390,000		16,659,677
Sprint LLC, Senior Notes		7.625	%		2/15/25		5,365,000		5,447,777
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC, Senior Secured Notes		4.738	%		3/20/25		633,750		627,204	(a)
T-Mobile USA Inc., Senior Notes		3.500	%		4/15/25		34,810,000		33,597,107
T-Mobile USA Inc., Senior Notes		2.250	%		2/15/26		3,600,000		3,317,237
T-Mobile USA Inc., Senior Notes		3.750	%		4/15/27		2,920,000		2,729,487
T-Mobile USA Inc., Senior Notes		2.625	%		2/15/29		16,630,000		14,104,703
T-Mobile USA Inc., Senior Notes		3.375	%		4/15/29		9,713,000		8,551,855
T-Mobile USA Inc., Senior Notes		3.875	%		4/15/30		44,685,000		39,606,502
T-Mobile USA Inc., Senior Notes		2.550	%		2/15/31		9,660,000		7,690,209
T-Mobile USA Inc., Senior Notes		2.875	%		2/15/31		8,370,000		6,793,742
T-Mobile USA Inc., Senior Notes		3.500	%		4/15/31		27,920,000		23,635,936
T-Mobile USA Inc., Senior Notes		4.375	%		4/15/40		4,880,000		3,923,455
Vmed O2 UK Financing I PLC, Senior Secured Notes		4.750	%		7/15/31		1,140,000		922,338	(a)
Total Wireless Telecommunication Services									214,872,344
TOTAL COMMUNICATION SERVICES									941,892,022
CONSUMER DISCRETIONARY - 3.7%
Automobiles - 1.1%
Ford Motor Co., Senior Notes		3.250	%		2/12/32		20,250,000		15,625,779
Ford Motor Co., Senior Notes		6.100	%		8/19/32		12,800,000		12,069,667
Ford Motor Co., Senior Notes		4.750	%		1/15/43		2,720,000		1,988,256
Ford Motor Credit Co. LLC, Senior Notes		3.664	%		9/8/24		1,190,000		1,152,533
Ford Motor Credit Co. LLC, Senior Notes		5.125	%		6/16/25		3,120,000		3,023,040

See Notes to Schedule of Investments.

    6     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Automobiles - (continued)
Ford Motor Credit Co. LLC, Senior Notes		3.375	%		11/13/25		4,120,000	$	3,826,104
Ford Motor Credit Co. LLC, Senior Notes		4.950	%		5/28/27		28,210,000		26,511,006
Ford Motor Credit Co. LLC, Senior Notes		4.125	%		8/17/27		8,460,000		7,712,355
Ford Motor Credit Co. LLC, Senior Notes		3.815	%		11/2/27		550,000		490,329
Ford Motor Credit Co. LLC, Senior Notes		7.350	%		11/4/27		5,730,000		5,857,012
Ford Motor Credit Co. LLC, Senior Notes		2.900	%		2/16/28		13,780,000		11,749,810
Ford Motor Credit Co. LLC, Senior Notes		2.900	%		2/10/29		825,000		677,998
Ford Motor Credit Co. LLC, Senior Notes		5.113	%		5/3/29		8,435,000		7,729,870
Ford Motor Credit Co. LLC, Senior Notes		7.350	%		3/6/30		6,900,000		6,995,103
Ford Motor Credit Co. LLC, Senior Notes		4.000	%		11/13/30		33,395,000		27,922,738
Ford Motor Credit Co. LLC, Senior Notes		3.625	%		6/17/31		17,640,000		14,272,480
General Motors Co., Senior Notes		6.125	%		10/1/25		10,170,000		10,163,346
General Motors Co., Senior Notes		5.600	%		10/15/32		5,140,000		4,803,269
General Motors Co., Senior Notes		6.600	%		4/1/36		1,170,000		1,137,955
General Motors Co., Senior Notes		5.150	%		4/1/38		2,050,000		1,713,769
General Motors Co., Senior Notes		6.250	%		10/2/43		3,640,000		3,264,719
General Motors Co., Senior Notes		5.950	%		4/1/49		8,120,000		6,894,366
General Motors Financial Co. Inc., Senior Notes		4.350	%		1/17/27		2,340,000		2,203,512
Nissan Motor Co. Ltd., Senior Notes		3.522	%		9/17/25		40,950,000		38,698,939	(a)
Nissan Motor Co. Ltd., Senior Notes		4.345	%		9/17/27		35,280,000		32,219,696	(a)
Total Automobiles									248,703,651
Broadline Retail - 0.8%
Amazon.com Inc., Senior Notes		3.300	%		4/13/27		4,610,000		4,339,615
Amazon.com Inc., Senior Notes		1.200	%		6/3/27		16,140,000		14,028,229
Amazon.com Inc., Senior Notes		3.150	%		8/22/27		15,280,000		14,221,487
Amazon.com Inc., Senior Notes		3.450	%		4/13/29		10,310,000		9,525,349

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         7

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Broadline Retail - (continued)
Amazon.com Inc., Senior Notes		1.500	%		6/3/30		10,213,000	$	8,090,523
Amazon.com Inc., Senior Notes		2.100	%		5/12/31		9,530,000		7,647,320
Amazon.com Inc., Senior Notes		3.600	%		4/13/32		19,570,000		17,359,829
Amazon.com Inc., Senior Notes		3.875	%		8/22/37		6,800,000		5,808,353
Amazon.com Inc., Senior Notes		4.950	%		12/5/44		10,095,000		9,420,743
Amazon.com Inc., Senior Notes		4.050	%		8/22/47		8,290,000		6,669,367
Amazon.com Inc., Senior Notes		2.500	%		6/3/50		15,110,000		8,861,641
Amazon.com Inc., Senior Notes		3.100	%		5/12/51		6,360,000		4,201,568
Amazon.com Inc., Senior Notes		4.250	%		8/22/57		3,240,000		2,596,678
Prosus NV, Senior Notes		3.061	%		7/13/31		64,270,000		47,748,810	(a)
Prosus NV, Senior Notes		4.027	%		8/3/50		24,470,000		14,027,502	(a)
Prosus NV, Senior Notes		3.832	%		2/8/51		3,740,000		2,067,932	(a)
Total Broadline Retail									176,614,946
Diversified Consumer Services - 0.0%††
Service Corp. International, Senior Notes		7.500	%		4/1/27		3,167,000		3,233,418
Hotels, Restaurants & Leisure - 1.4%
1011778 BC ULC/New Red Finance Inc., Senior Secured Notes		5.750	%		4/15/25		1,225,000		1,216,824	(a)
1011778 BC ULC/New Red Finance Inc., Senior Secured Notes		3.875	%		1/15/28		3,060,000		2,747,483	(a)
1011778 BC ULC/New Red Finance Inc., Senior Secured Notes		3.500	%		2/15/29		3,010,000		2,579,264	(a)
GLP Capital LP/GLP Financing II Inc., Senior Notes		5.250	%		6/1/25		320,000		313,707
GLP Capital LP/GLP Financing II Inc., Senior Notes		5.375	%		4/15/26		1,996,000		1,937,114
Hilton Domestic Operating Co. Inc., Senior Notes		5.375	%		5/1/25		10,770,000		10,609,134	(a)
Hilton Domestic Operating Co. Inc., Senior Notes		5.750	%		5/1/28		4,400,000		4,257,916	(a)
Hilton Domestic Operating Co. Inc., Senior Notes		3.625	%		2/15/32		3,130,000		2,526,383	(a)
Las Vegas Sands Corp., Senior Notes		3.200	%		8/8/24		65,810,000		63,709,720
Las Vegas Sands Corp., Senior Notes		2.900	%		6/25/25		23,330,000		21,763,747

See Notes to Schedule of Investments.

    8     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Hotels, Restaurants & Leisure - (continued)
Las Vegas Sands Corp., Senior Notes		3.500	%		8/18/26		1,000,000	$	910,660
McDonald’s Corp., Senior Notes		1.450	%		9/1/25		2,140,000		1,982,216
McDonald’s Corp., Senior Notes		3.700	%		1/30/26		11,725,000		11,280,646
McDonald’s Corp., Senior Notes		3.500	%		3/1/27		12,680,000		11,942,177
McDonald’s Corp., Senior Notes		3.500	%		7/1/27		8,380,000		7,853,015
McDonald’s Corp., Senior Notes		3.800	%		4/1/28		4,300,000		4,046,229
McDonald’s Corp., Senior Notes		3.600	%		7/1/30		9,300,000		8,308,477
McDonald’s Corp., Senior Notes		3.625	%		9/1/49		1,610,000		1,135,190
McDonald’s Corp., Senior Notes		4.200	%		4/1/50		16,630,000		12,926,460
Sands China Ltd., Senior Notes		5.375	%		8/8/25		51,746,000		50,160,306
Sands China Ltd., Senior Notes		4.300	%		1/8/26		7,500,000		7,012,754
Sands China Ltd., Senior Notes		2.550	%		3/8/27		18,910,000		16,417,655
Sands China Ltd., Senior Notes		5.650	%		8/8/28		10,270,000		9,673,989
Sands China Ltd., Senior Notes		3.100	%		3/8/29		14,360,000		11,892,027
Sands China Ltd., Senior Notes		3.500	%		8/8/31		10,910,000		8,642,245
VOC Escrow Ltd., Senior Secured Notes		5.000	%		2/15/28		9,225,000		8,399,804	(a)
Wynn Macau Ltd., Senior Notes		5.500	%		1/15/26		10,691,000		10,004,467	(a)
Wynn Macau Ltd., Senior Notes		5.625	%		8/26/28		15,970,000		13,862,719	(a)
Total Hotels, Restaurants & Leisure									308,112,328
Household Durables - 0.0%††
Lennar Corp., Senior Notes		4.500	%		4/30/24		4,650,000		4,606,752
Lennar Corp., Senior Notes		4.750	%		5/30/25		1,350,000		1,321,157
Lennar Corp., Senior Notes		5.000	%		6/15/27		20,000		19,466
Lennar Corp., Senior Notes		4.750	%		11/29/27		6,200,000		5,976,345
MDC Holdings Inc., Senior Notes		6.000	%		1/15/43		540,000		452,569
Total Household Durables									12,376,289
Specialty Retail - 0.2%
Home Depot Inc., Senior Notes		2.500	%		4/15/27		8,648,000		7,894,710
Home Depot Inc., Senior Notes		3.900	%		12/6/28		1,590,000		1,502,072
Home Depot Inc., Senior Notes		2.700	%		4/15/30		9,310,000		7,956,212
Home Depot Inc., Senior Notes		3.300	%		4/15/40		10,560,000		7,877,685
Home Depot Inc., Senior Notes		3.900	%		6/15/47		1,736,000		1,327,570
Home Depot Inc., Senior Notes		3.350	%		4/15/50		23,325,000		15,917,738
Lowe’s Cos. Inc., Senior Notes		4.500	%		4/15/30		5,940,000		5,544,968
Total Specialty Retail									48,020,955

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         9

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Textiles, Apparel & Luxury Goods - 0.2%
Hanesbrands Inc., Senior Notes		4.875	%		5/15/26		4,810,000	$	4,415,246	(a)
NIKE Inc., Senior Notes		2.750	%		3/27/27		12,570,000		11,618,211
NIKE Inc., Senior Notes		2.850	%		3/27/30		12,240,000		10,610,244
NIKE Inc., Senior Notes		3.250	%		3/27/40		6,300,000		4,775,760
NIKE Inc., Senior Notes		3.375	%		3/27/50		15,332,000		10,951,867
Total Textiles, Apparel & Luxury Goods									42,371,328
TOTAL CONSUMER DISCRETIONARY									839,432,915
CONSUMER STAPLES - 2.0%
Beverages - 0.6%
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide Inc., Senior Notes		3.650	%		2/1/26		32,110,000		30,847,965
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide Inc., Senior Notes		4.900	%		2/1/46		22,020,000		19,205,272
Anheuser-Busch InBev Worldwide Inc., Senior Notes		4.000	%		4/13/28		5,410,000		5,123,167
Anheuser-Busch InBev Worldwide Inc., Senior Notes		4.750	%		1/23/29		16,360,000		15,868,527
Anheuser-Busch InBev Worldwide Inc., Senior Notes		3.500	%		6/1/30		5,700,000		5,075,030
Anheuser-Busch InBev Worldwide Inc., Senior Notes		4.350	%		6/1/40		17,580,000		14,958,638
Anheuser-Busch InBev Worldwide Inc., Senior Notes		4.600	%		4/15/48		1,706,000		1,443,047
Anheuser-Busch InBev Worldwide Inc., Senior Notes		5.550	%		1/23/49		5,670,000		5,437,454
Coca-Cola Co., Senior Notes		2.500	%		6/1/40		3,050,000		2,078,245
Coca-Cola Co., Senior Notes		2.600	%		6/1/50		6,290,000		3,850,171
Constellation Brands Inc., Senior Notes		3.600	%		5/9/24		7,860,000		7,746,773
Constellation Brands Inc., Senior Notes		4.350	%		5/9/27		10,970,000		10,502,313
Molson Coors Beverage Co., Senior Notes		3.000	%		7/15/26		3,245,000		3,017,191
Molson Coors Beverage Co., Senior Notes		4.200	%		7/15/46		3,390,000		2,552,691
PepsiCo Inc., Senior Notes		2.625	%		3/19/27		1,617,000		1,492,341
PepsiCo Inc., Senior Notes		1.625	%		5/1/30		11,710,000		9,414,523
PepsiCo Inc., Senior Notes		2.875	%		10/15/49		4,750,000		3,111,259
Total Beverages									141,724,607

See Notes to Schedule of Investments.

    10     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Consumer Staples Distribution & Retail - 0.2%
Costco Wholesale Corp., Senior Notes		1.375	%		6/20/27		24,175,000	$	21,146,026
Costco Wholesale Corp., Senior Notes		1.600	%		4/20/30		13,630,000		10,951,438
Walmart Inc., Senior Notes		1.500	%		9/22/28		8,480,000		7,198,317
Walmart Inc., Senior Notes		1.800	%		9/22/31		4,050,000		3,189,581
Total Consumer Staples Distribution & Retail									42,485,362
Food Products - 0.5%
Danone SA, Senior Notes		2.589	%		11/2/23		20,650,000		20,593,684	(a)
Danone SA, Senior Notes		2.947	%		11/2/26		3,880,000		3,605,441	(a)
Kraft Heinz Foods Co., Senior Notes		4.250	%		3/1/31		3,350,000		3,053,815
Kraft Heinz Foods Co., Senior Notes		6.750	%		3/15/32		410,000		433,368
Kraft Heinz Foods Co., Senior Notes		5.000	%		7/15/35		1,661,000		1,541,133
Kraft Heinz Foods Co., Senior Notes		6.875	%		1/26/39		1,150,000		1,207,231
Kraft Heinz Foods Co., Senior Notes		7.125	%		8/1/39		290,000		307,914	(a)
Kraft Heinz Foods Co., Senior Notes		4.625	%		10/1/39		290,000		245,191
Kraft Heinz Foods Co., Senior Notes		5.000	%		6/4/42		4,160,000		3,606,232
Kraft Heinz Foods Co., Senior Notes		5.200	%		7/15/45		12,350,000		10,802,666
Kraft Heinz Foods Co., Senior Notes		4.375	%		6/1/46		5,420,000		4,226,819
Kraft Heinz Foods Co., Senior Notes		4.875	%		10/1/49		8,180,000		6,836,648
Kraft Heinz Foods Co., Senior Notes		5.500	%		6/1/50		6,530,000		5,959,278
Mars Inc., Senior Notes		2.700	%		4/1/25		9,380,000		8,989,937	(a)
Mars Inc., Senior Notes		3.200	%		4/1/30		4,880,000		4,288,540	(a)
Mars Inc., Senior Notes		2.375	%		7/16/40		6,740,000		4,269,175	(a)
Mondelez International Inc., Senior Notes		1.500	%		5/4/25		22,350,000		20,918,938
Total Food Products									100,886,010

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         11

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Household Products - 0.0%††
Procter & Gamble Co., Senior Notes		3.000	%		3/25/30		6,070,000	$	5,395,465
Personal Care Products - 0.2%
Haleon US Capital LLC, Senior Notes		3.375	%		3/24/27		12,990,000		12,056,899
Haleon US Capital LLC, Senior Notes		3.375	%		3/24/29		9,790,000		8,783,911
Haleon US Capital LLC, Senior Notes		3.625	%		3/24/32		13,520,000		11,601,590
Kenvue Inc., Senior Notes		4.900	%		3/22/33		16,087,000		15,383,430	(a)
Total Personal Care Products									47,825,830
Tobacco - 0.5%
Altria Group Inc., Senior Notes		2.350	%		5/6/25		3,770,000		3,567,536
Altria Group Inc., Senior Notes		4.400	%		2/14/26		10,275,000		9,978,334
Altria Group Inc., Senior Notes		4.800	%		2/14/29		975,000		927,730
Altria Group Inc., Senior Notes		2.450	%		2/4/32		16,140,000		12,183,738
Altria Group Inc., Senior Notes		5.800	%		2/14/39		13,440,000		12,469,742
Altria Group Inc., Senior Notes		3.875	%		9/16/46		6,950,000		4,566,355
Altria Group Inc., Senior Notes		5.950	%		2/14/49		15,040,000		13,526,274
Altria Group Inc., Senior Notes		3.700	%		2/4/51		7,880,000		4,906,455
Altria Group Inc., Senior Notes		6.200	%		2/14/59		1,842,000		1,724,628
BAT Capital Corp., Senior Notes		3.557	%		8/15/27		2,726,000		2,495,365
BAT Capital Corp., Senior Notes		4.540	%		8/15/47		36,435,000		25,107,229
Philip Morris International Inc., Senior Notes		2.100	%		5/1/30		9,050,000		7,228,530
Philip Morris International Inc., Senior Notes		4.500	%		3/20/42		3,085,000		2,465,689
Reynolds American Inc., Senior Notes		5.850	%		8/15/45		7,579,000		6,285,974
Total Tobacco									107,433,579
TOTAL CONSUMER STAPLES									445,750,853
ENERGY - 6.9%
Energy Equipment & Services - 0.0%††
Halliburton Co., Senior Notes		4.850	%		11/15/35		5,090,000		4,582,595
Halliburton Co., Senior Notes		5.000	%		11/15/45		6,490,000		5,509,432
Total Energy Equipment & Services									10,092,027
Oil, Gas & Consumable Fuels - 6.9%
Apache Corp., Senior Notes		7.750	%		12/15/29		5,170,000		5,298,035
Apache Corp., Senior Notes		4.250	%		1/15/30		10,000		8,898

See Notes to Schedule of Investments.

    12     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Oil, Gas & Consumable Fuels - (continued)
Apache Corp., Senior Notes		6.000	%		1/15/37		1,006,000	$	906,877
Apache Corp., Senior Notes		5.100	%		9/1/40		12,719,000		10,118,024
Apache Corp., Senior Notes		5.250	%		2/1/42		1,646,000		1,290,428
Apache Corp., Senior Notes		4.750	%		4/15/43		10,830,000		7,900,136
Apache Corp., Senior Notes		4.250	%		1/15/44		18,548,000		12,166,190
Apache Corp., Senior Notes		5.350	%		7/1/49		12,190,000		9,352,034
BP Capital Markets America Inc., Senior Notes		3.410	%		2/11/26		12,070,000		11,541,169
BP Capital Markets America Inc., Senior Notes		3.119	%		5/4/26		4,790,000		4,528,806
BP Capital Markets America Inc., Senior Notes		3.588	%		4/14/27		7,160,000		6,753,729
BP Capital Markets America Inc., Senior Notes		3.633	%		4/6/30		9,240,000		8,325,462
BP Capital Markets America Inc., Senior Notes		1.749	%		8/10/30		5,000,000		3,956,560
BP Capital Markets America Inc., Senior Notes		3.000	%		2/24/50		14,550,000		9,085,177
BP Capital Markets America Inc., Senior Notes		2.772	%		11/10/50		1,860,000		1,097,039
BP Capital Markets America Inc., Senior Notes		2.939	%		6/4/51		1,140,000		697,258
Cameron LNG LLC, Senior Secured Notes		2.902	%		7/15/31		7,790,000		6,449,115	(a)
Cameron LNG LLC, Senior Secured Notes		3.302	%		1/15/35		17,811,000		14,197,442	(a)
Cheniere Energy Inc., Senior Secured Notes		4.625	%		10/15/28		8,500,000		7,823,113
Cheniere Energy Partners LP, Senior Notes		4.000	%		3/1/31		3,721,000		3,185,180
Cheniere Energy Partners LP, Senior Notes		3.250	%		1/31/32		19,660,000		15,647,451
Chevron Corp., Senior Notes		2.954	%		5/16/26		4,000		3,784
Chevron Corp., Senior Notes		1.995	%		5/11/27		5,740,000		5,146,975
Chevron Corp., Senior Notes		2.236	%		5/11/30		70,000		58,390
Chevron Corp., Senior Notes		3.078	%		5/11/50		7,800,000		5,240,520
Chord Energy Corp., Senior Notes		6.375	%		6/1/26		2,500,000		2,453,775	(a)
Columbia Pipelines Operating Co. LLC, Senior Notes		6.036	%		11/15/33		25,695,000		25,095,232	(a)

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         13

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Oil, Gas & Consumable Fuels - (continued)
Columbia Pipelines Operating Co. LLC, Senior Notes		6.544	%		11/15/53		9,160,000	$	8,965,258	(a)
Conoco Funding Co., Senior Notes		7.250	%		10/15/31		810,000		897,073
ConocoPhillips, Senior Notes		5.900	%		10/15/32		10,000		10,372
ConocoPhillips, Senior Notes		6.500	%		2/1/39		40,000		42,888
ConocoPhillips Co., Senior Notes		6.950	%		4/15/29		693,000		750,887
Continental Resources Inc., Senior Notes		3.800	%		6/1/24		2,504,000		2,464,305
Continental Resources Inc., Senior Notes		2.268	%		11/15/26		7,190,000		6,373,606	(a)
Continental Resources Inc., Senior Notes		4.375	%		1/15/28		18,789,000		17,436,120
Continental Resources Inc., Senior Notes		5.750	%		1/15/31		11,559,000		10,864,023	(a)
Continental Resources Inc., Senior Notes		4.900	%		6/1/44		9,511,000		6,997,758
Coterra Energy Inc., Senior Notes		3.900	%		5/15/27		29,539,000		27,756,416
Coterra Energy Inc., Senior Notes		4.375	%		3/15/29		24,949,000		23,117,912
Devon Energy Corp., Senior Notes		5.850	%		12/15/25		7,036,000		7,002,643
Devon Energy Corp., Senior Notes		5.250	%		10/15/27		1,248,000		1,216,405
Devon Energy Corp., Senior Notes		5.875	%		6/15/28		1,124,000		1,121,233
Devon Energy Corp., Senior Notes		4.500	%		1/15/30		1,595,000		1,450,228
Devon Energy Corp., Senior Notes		5.600	%		7/15/41		9,920,000		8,788,002
Devon Energy Corp., Senior Notes		4.750	%		5/15/42		13,677,000		10,882,466
Devon Energy Corp., Senior Notes		5.000	%		6/15/45		41,100,000		33,156,010
Diamondback Energy Inc., Senior Notes		3.250	%		12/1/26		430,000		402,263
Diamondback Energy Inc., Senior Notes		3.500	%		12/1/29		15,489,000		13,755,692
Diamondback Energy Inc., Senior Notes		4.400	%		3/24/51		11,042,000		8,152,476
Ecopetrol SA, Senior Notes		4.625	%		11/2/31		14,040,000		10,731,780
Ecopetrol SA, Senior Notes		5.875	%		5/28/45		39,340,000		25,959,081
Energy Transfer LP, Junior Subordinated Notes (3 mo. USD LIBOR + 4.028%)		9.654	%		10/16/23		3,394,000		3,176,884	(b)(c)
Energy Transfer LP, Junior Subordinated Notes (6.500% to 11/15/26 then 5 year Treasury Constant Maturity Rate + 5.694%)		6.500	%		11/15/26		13,375,000		12,323,059	(b)(c)

See Notes to Schedule of Investments.

    14     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Oil, Gas & Consumable Fuels - (continued)
Energy Transfer LP, Junior Subordinated Notes (6.750% to 5/15/25 then 5 year Treasury Constant Maturity Rate + 5.134%)		6.750	%		5/15/25		14,868,000	$	13,796,084	(b)(c)
Energy Transfer LP, Junior Subordinated Notes (7.125% to 5/15/30 then 5 year Treasury Constant Maturity Rate + 5.306%)		7.125	%		5/15/30		21,862,000		18,903,437	(b)(c)
Energy Transfer LP, Senior Notes		7.600	%		2/1/24		1,412,000		1,414,586
Energy Transfer LP, Senior Notes		2.900	%		5/15/25		11,430,000		10,863,634
Energy Transfer LP, Senior Notes		4.950	%		6/15/28		4,888,000		4,681,007
Energy Transfer LP, Senior Notes		5.250	%		4/15/29		4,100,000		3,933,222
Energy Transfer LP, Senior Notes		3.750	%		5/15/30		18,610,000		16,221,793
Energy Transfer LP, Senior Notes		6.500	%		2/1/42		3,300,000		3,159,372
Energy Transfer LP, Senior Notes		6.100	%		2/15/42		2,000,000		1,808,263
Energy Transfer LP, Senior Notes		5.300	%		4/1/44		1,170,000		953,657
Energy Transfer LP, Senior Notes		5.350	%		5/15/45		2,000,000		1,642,563
Energy Transfer LP, Senior Notes		5.300	%		4/15/47		10,000,000		8,136,170
Energy Transfer LP, Senior Notes		5.400	%		10/1/47		16,733,000		13,822,336
Energy Transfer LP, Senior Notes		6.250	%		4/15/49		19,000,000		17,462,646
Energy Transfer LP, Senior Notes		5.000	%		5/15/50		4,660,000		3,661,348
Energy Transfer LP/Regency Energy Finance Corp., Senior Notes		4.500	%		11/1/23		510,000		509,241
Enterprise Products Operating LLC, Senior Notes		4.150	%		10/16/28		17,943,000		16,834,205
Enterprise Products Operating LLC, Senior Notes		3.125	%		7/31/29		8,650,000		7,605,853
Enterprise Products Operating LLC, Senior Notes		2.800	%		1/31/30		27,967,000		23,761,521
Enterprise Products Operating LLC, Senior Notes		6.650	%		10/15/34		5,915,000		6,262,805
Enterprise Products Operating LLC, Senior Notes		7.550	%		4/15/38		1,030,000		1,148,026
Enterprise Products Operating LLC, Senior Notes		4.850	%		3/15/44		970,000		834,229
Enterprise Products Operating LLC, Senior Notes		4.250	%		2/15/48		6,633,000		5,201,811
Enterprise Products Operating LLC, Senior Notes		4.800	%		2/1/49		1,680,000		1,425,171

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         15

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Oil, Gas & Consumable Fuels - (continued)
Enterprise Products Operating LLC, Senior Notes		4.200	%		1/31/50		3,370,000	$	2,604,852
Enterprise Products Operating LLC, Senior Notes		3.700	%		1/31/51		20,977,000		14,866,885
Enterprise Products Operating LLC, Senior Notes		3.950	%		1/31/60		6,940,000		4,883,279
Enterprise Products Operating LLC, Senior Notes (5.375% to 2/15/28 then 3 mo. Term SOFR + 2.832%)		5.375	%		2/15/78		4,965,000		4,140,691	(c)
EOG Resources Inc., Senior Notes		4.375	%		4/15/30		3,690,000		3,480,334
EOG Resources Inc., Senior Notes		3.900	%		4/1/35		12,960,000		11,012,615
EOG Resources Inc., Senior Notes		4.950	%		4/15/50		19,990,000		17,717,891
EQM Midstream Partners LP, Senior Notes		5.500	%		7/15/28		1,280,000		1,202,608
EQT Corp., Senior Notes		6.125	%		2/1/25		681,000		679,305
EQT Corp., Senior Notes		3.125	%		5/15/26		600,000		555,702	(a)
EQT Corp., Senior Notes		3.900	%		10/1/27		28,139,000		26,049,640
EQT Corp., Senior Notes		5.000	%		1/15/29		10,428,000		9,812,227
EQT Corp., Senior Notes		3.625	%		5/15/31		12,373,000		10,479,684	(a)
Exxon Mobil Corp., Senior Notes		3.043	%		3/1/26		6,200,000		5,881,879
Exxon Mobil Corp., Senior Notes		3.482	%		3/19/30		13,120,000		11,854,342
Exxon Mobil Corp., Senior Notes		4.227	%		3/19/40		3,000,000		2,558,094
Exxon Mobil Corp., Senior Notes		4.114	%		3/1/46		17,020,000		13,681,691
Exxon Mobil Corp., Senior Notes		4.327	%		3/19/50		4,800,000		3,944,832
Exxon Mobil Corp., Senior Notes		3.452	%		4/15/51		6,000,000		4,203,598
KazMunayGas National Co. JSC, Senior Notes		5.375	%		4/24/30		8,550,000		7,793,254	(a)
KazMunayGas National Co. JSC, Senior Notes		6.375	%		10/24/48		12,310,000		10,059,621	(a)
Kinder Morgan Energy Partners LP, Senior Notes		7.300	%		8/15/33		1,497,000		1,574,649
Kinder Morgan Energy Partners LP, Senior Notes		6.550	%		9/15/40		1,450,000		1,392,006
Kinder Morgan Energy Partners LP, Senior Notes		6.375	%		3/1/41		1,720,000		1,629,571
Kinder Morgan Energy Partners LP, Senior Notes		5.500	%		3/1/44		1,260,000		1,073,350
Kinder Morgan Energy Partners LP, Senior Notes		5.400	%		9/1/44		680,000		573,535

See Notes to Schedule of Investments.

    16     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Oil, Gas & Consumable Fuels - (continued)
Kinder Morgan Inc., Senior Notes		4.300	%		6/1/25		2,820,000	$	2,748,553
Kinder Morgan Inc., Senior Notes		4.300	%		3/1/28		2,190,000		2,062,224
Kinder Morgan Inc., Senior Notes		7.800	%		8/1/31		3,276,000		3,559,196
Kinder Morgan Inc., Senior Notes		5.550	%		6/1/45		12,860,000		11,065,629
Kinder Morgan Inc., Senior Notes		5.050	%		2/15/46		4,650,000		3,724,974
Kinder Morgan Inc., Senior Notes		5.200	%		3/1/48		8,770,000		7,186,424
MPLX LP, Senior Notes		4.875	%		12/1/24		9,800,000		9,664,389
MPLX LP, Senior Notes		4.875	%		6/1/25		7,370,000		7,231,019
MPLX LP, Senior Notes		4.800	%		2/15/29		8,850,000		8,401,110
MPLX LP, Senior Notes		4.500	%		4/15/38		11,800,000		9,570,071
MPLX LP, Senior Notes		5.200	%		3/1/47		5,570,000		4,555,490
MPLX LP, Senior Notes		4.700	%		4/15/48		12,450,000		9,449,231
MPLX LP, Senior Notes		5.500	%		2/15/49		8,066,000		6,838,362
Occidental Petroleum Corp., Senior Notes		6.950	%		7/1/24		1,441,000		1,451,469
Occidental Petroleum Corp., Senior Notes		5.550	%		3/15/26		11,940,000		11,794,153
Occidental Petroleum Corp., Senior Notes		3.400	%		4/15/26		9,455,000		8,838,745
Occidental Petroleum Corp., Senior Notes		3.200	%		8/15/26		19,417,000		17,851,614
Occidental Petroleum Corp., Senior Notes		3.000	%		2/15/27		6,900,000		6,216,392
Occidental Petroleum Corp., Senior Notes		3.500	%		8/15/29		60,000		51,098
Occidental Petroleum Corp., Senior Notes		6.625	%		9/1/30		17,260,000		17,507,508
Occidental Petroleum Corp., Senior Notes		7.500	%		5/1/31		14,340,000		15,234,359
Occidental Petroleum Corp., Senior Notes		7.875	%		9/15/31		4,792,000		5,190,148
Occidental Petroleum Corp., Senior Notes		6.450	%		9/15/36		23,185,000		22,790,855
Occidental Petroleum Corp., Senior Notes		4.500	%		7/15/44		6,250,000		4,413,406
Occidental Petroleum Corp., Senior Notes		4.625	%		6/15/45		16,480,000		11,871,121
Occidental Petroleum Corp., Senior Notes		6.600	%		3/15/46		27,550,000		27,103,001

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         17

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Oil, Gas & Consumable Fuels - (continued)
Occidental Petroleum Corp., Senior Notes		4.400	%		4/15/46		9,750,000	$	7,165,421
Occidental Petroleum Corp., Senior Notes		4.100	%		2/15/47		27,945,000		18,490,517
Occidental Petroleum Corp., Senior Notes		4.200	%		3/15/48		20,750,000		14,358,828
ONEOK Inc., Senior Notes		5.550	%		11/1/26		5,370,000		5,336,291
ONEOK Inc., Senior Notes		5.800	%		11/1/30		8,440,000		8,267,423
ONEOK Inc., Senior Notes		6.050	%		9/1/33		16,980,000		16,691,661
ONEOK Inc., Senior Notes		6.625	%		9/1/53		22,040,000		21,607,791
Parsley Energy LLC/Parsley Finance Corp., Senior Notes		4.125	%		2/15/28		2,070,000		1,903,111	(a)
Petrobras Global Finance BV, Senior Notes		6.250	%		3/17/24		4,259,000		4,254,835
Petrobras Global Finance BV, Senior Notes		5.299	%		1/27/25		87,630,000		86,256,698
Petrobras Global Finance BV, Senior Notes		7.250	%		3/17/44		16,965,000		16,678,120
Petroleos Mexicanos, Senior Notes		6.875	%		8/4/26		2,350,000		2,168,313
Petroleos Mexicanos, Senior Notes		5.500	%		6/27/44		3,860,000		2,135,974
Petroleos Mexicanos, Senior Notes		6.375	%		1/23/45		13,920,000		8,140,352
Petroleos Mexicanos, Senior Notes		6.750	%		9/21/47		14,200,000		8,428,357
Pioneer Natural Resources Co., Senior Notes		1.125	%		1/15/26		3,620,000		3,273,046
Pioneer Natural Resources Co., Senior Notes		2.150	%		1/15/31		15,860,000		12,525,381
Range Resources Corp., Senior Notes		4.875	%		5/15/25		5,160,000		5,009,225
Reliance Industries Ltd., Senior Notes		2.875	%		1/12/32		10,420,000		8,323,230	(a)
Reliance Industries Ltd., Senior Notes		3.625	%		1/12/52		29,780,000		19,039,842	(a)
Sabine Pass Liquefaction LLC, Senior Secured Notes		5.750	%		5/15/24		463,000		462,113
Schlumberger Holdings Corp., Senior Notes		3.900	%		5/17/28		5,110,000		4,750,259	(a)

See Notes to Schedule of Investments.

    18     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Oil, Gas & Consumable Fuels - (continued)
Shell International Finance BV, Senior Notes		2.750	%		4/6/30		8,380,000	$	7,211,807
Shell International Finance BV, Senior Notes		6.375	%		12/15/38		4,655,000		4,969,291
Shell International Finance BV, Senior Notes		4.550	%		8/12/43		6,360,000		5,405,263
Shell International Finance BV, Senior Notes		4.375	%		5/11/45		13,770,000		11,316,267
Shell International Finance BV, Senior Notes		4.000	%		5/10/46		8,940,000		6,931,052
Shell International Finance BV, Senior Notes		3.750	%		9/12/46		690,000		510,296
Shell International Finance BV, Senior Notes		3.250	%		4/6/50		15,470,000		10,286,904
Sinopec Group Overseas Development 2015 Ltd., Senior Notes		3.250	%		4/28/25		6,000,000		5,787,935	(a)
Southern Natural Gas Co. LLC, Senior Notes		8.000	%		3/1/32		9,413,000		10,362,275
Southwestern Energy Co., Senior Notes		5.375	%		2/1/29		920,000		848,146
Southwestern Energy Co., Senior Notes		5.375	%		3/15/30		3,790,000		3,457,456
Southwestern Energy Co., Senior Notes		4.750	%		2/1/32		5,920,000		5,087,460
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., Senior Notes		6.000	%		12/31/30		830,000		733,542	(a)
Targa Resources Corp., Senior Notes		5.200	%		7/1/27		11,950,000		11,716,846
Targa Resources Corp., Senior Notes		4.950	%		4/15/52		5,220,000		4,021,811
Targa Resources Partners LP/Targa Resources Partners Finance Corp., Senior Notes		6.500	%		7/15/27		4,230,000		4,266,843
Targa Resources Partners LP/Targa Resources Partners Finance Corp., Senior Notes		5.000	%		1/15/28		3,930,000		3,741,714
Targa Resources Partners LP/Targa Resources Partners Finance Corp., Senior Notes		6.875	%		1/15/29		2,120,000		2,123,886

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         19

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Oil, Gas & Consumable Fuels - (continued)
Targa Resources Partners LP/Targa Resources Partners Finance Corp., Senior Notes		4.875	%		2/1/31		15,845,000	$	14,210,187
Targa Resources Partners LP/Targa Resources Partners Finance Corp., Senior Notes		4.000	%		1/15/32		1,520,000		1,280,699
Tennessee Gas Pipeline Co. LLC, Senior Notes		2.900	%		3/1/30		16,960,000		14,178,875	(a)
Transcontinental Gas Pipe Line Co. LLC, Senior Notes		7.850	%		2/1/26		34,600,000		35,985,305
Venture Global Calcasieu Pass LLC, Senior Secured Notes		3.875	%		11/1/33		10,180,000		7,915,053	(a)
Western Midstream Operating LP, Senior Notes		3.100	%		2/1/25		7,140,000		6,838,230
Western Midstream Operating LP, Senior Notes		4.500	%		3/1/28		2,363,000		2,200,965
Western Midstream Operating LP, Senior Notes		4.050	%		2/1/30		42,385,000		37,094,598
Western Midstream Operating LP, Senior Notes		5.300	%		3/1/48		1,170,000		914,662
Western Midstream Operating LP, Senior Notes		5.500	%		8/15/48		2,700,000		2,149,641
Western Midstream Operating LP, Senior Notes		5.250	%		2/1/50		6,340,000		4,946,336
Williams Cos. Inc., Senior Notes		4.550	%		6/24/24		1,790,000		1,771,043
Williams Cos. Inc., Senior Notes		3.750	%		6/15/27		180,000		167,448
Williams Cos. Inc., Senior Notes		3.500	%		11/15/30		5,920,000		5,108,164
Williams Cos. Inc., Senior Notes		7.500	%		1/15/31		4,249,000		4,527,203
Williams Cos. Inc., Senior Notes		7.750	%		6/15/31		6,418,000		6,899,856
Williams Cos. Inc., Senior Notes		8.750	%		3/15/32		3,035,000		3,453,605
Williams Cos. Inc., Senior Notes		5.750	%		6/24/44		900,000		817,124
Williams Cos. Inc., Senior Notes		5.100	%		9/15/45		4,000,000		3,365,774
Williams Cos. Inc., Senior Notes		4.850	%		3/1/48		6,529,000		5,223,086
Total Oil, Gas & Consumable Fuels									1,549,334,731
TOTAL ENERGY									1,559,426,758
FINANCIALS - 13.1%
Banks - 9.1%
ABN AMRO Bank NV, Subordinated Notes		4.750	%		7/28/25		8,210,000		7,959,481	(a)

See Notes to Schedule of Investments.

    20     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Banks - (continued)
BAC Capital Trust XIV, Ltd. GTD (3 mo. Term SOFR + 0.662%)		6.071	%		10/16/23		7,226,000	$	5,592,780	(b)(c)
Banco Santander SA, Senior Notes		2.746	%		5/28/25		32,300,000		30,428,042
Banco Santander SA, Senior Notes (4.175% to 3/24/27 then 1 year Treasury Constant Maturity Rate + 2.000%)		4.175	%		3/24/28		1,800,000		1,662,862	(c)
Bank of America Corp., Senior Notes		4.125	%		1/22/24		230,000		228,860
Bank of America Corp., Senior Notes		4.000	%		4/1/24		13,890,000		13,762,624
Bank of America Corp., Senior Notes		3.500	%		4/19/26		13,560,000		12,807,580
Bank of America Corp., Senior Notes		5.000	%		1/21/44		33,160,000		29,223,131
Bank of America Corp., Senior Notes (1.319% to 6/19/25 then SOFR + 1.150%)		1.319	%		6/19/26		33,540,000		30,768,866	(c)
Bank of America Corp., Senior Notes (1.898% to 7/23/30 then SOFR + 1.530%)		1.898	%		7/23/31		7,000,000		5,321,922	(c)
Bank of America Corp., Senior Notes (2.572% to 10/20/31 then SOFR + 1.210%)		2.572	%		10/20/32		28,780,000		22,129,065	(c)
Bank of America Corp., Senior Notes (2.592% to 4/29/30 then SOFR + 2.150%)		2.592	%		4/29/31		24,180,000		19,442,679	(c)
Bank of America Corp., Senior Notes (2.687% to 4/22/31 then SOFR + 1.320%)		2.687	%		4/22/32		20,000,000		15,728,070	(c)
Bank of America Corp., Senior Notes (2.972% to 2/4/32 then SOFR + 1.330%)		2.972	%		2/4/33		7,180,000		5,664,533	(c)
Bank of America Corp., Senior Notes (3.419% to 12/20/27 then 3 mo. Term SOFR + 1.302%)		3.419	%		12/20/28		27,181,000		24,392,518	(c)
Bank of America Corp., Senior Notes (3.593% to 7/21/27 then 3 mo. Term SOFR + 1.632%)		3.593	%		7/21/28		7,230,000		6,606,071	(c)

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         21

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Banks - (continued)
Bank of America Corp., Senior Notes (3.841% to 4/25/24 then SOFR + 1.110%)		3.841	%		4/25/25		14,670,000	$	14,464,483	(c)
Bank of America Corp., Senior Notes (3.970% to 3/5/28 then 3 mo. Term SOFR + 1.332%)		3.970	%		3/5/29		69,530,000		63,724,070	(c)
Bank of America Corp., Senior Notes (3.974% to 2/7/29 then 3 mo. Term SOFR + 1.472%)		3.974	%		2/7/30		6,050,000		5,436,272	(c)
Bank of America Corp., Senior Notes (4.083% to 3/20/50 then 3 mo. Term SOFR + 3.412%)		4.083	%		3/20/51		25,370,000		18,777,611	(c)
Bank of America Corp., Senior Notes (4.330% to 3/15/49 then 3 mo. Term SOFR + 1.782%)		4.330	%		3/15/50		7,370,000		5,720,114	(c)
Bank of America Corp., Senior Notes (4.376% to 4/27/27 then SOFR + 1.580%)		4.376	%		4/27/28		5,020,000		4,741,563	(c)
Bank of America Corp., Senior Notes (4.571% to 4/27/32 then SOFR + 1.830%)		4.571	%		4/27/33		28,080,000		24,944,310	(c)
Bank of America Corp., Subordinated Notes		4.200	%		8/26/24		11,580,000		11,381,383
Bank of America Corp., Subordinated Notes		4.000	%		1/22/25		2,330,000		2,268,418
Bank of America Corp., Subordinated Notes		4.450	%		3/3/26		3,050,000		2,938,426
Bank of America Corp., Subordinated Notes		4.250	%		10/22/26		14,500,000		13,779,711
Bank of America Corp., Subordinated Notes (2.482% to 9/21/31 then 5 year Treasury Constant Maturity Rate + 1.200%)		2.482	%		9/21/36		2,620,000		1,908,282	(c)
Bank of Montreal, Senior Notes		1.850	%		5/1/25		26,710,000		25,074,171
Bank of Montreal, Subordinated Notes (3.803% to 12/15/27 then USD 5 year ICE Swap Rate + 1.432%)		3.803	%		12/15/32		3,780,000		3,304,726	(c)
Bank of Nova Scotia, Senior Notes		1.300	%		6/11/25		14,860,000		13,752,616

See Notes to Schedule of Investments.

    22     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Banks - (continued)
Bank of Nova Scotia, Subordinated Notes (4.588% to 5/4/32 then 5 year Treasury Constant Maturity Rate + 2.050%)		4.588	%		5/4/37		9,280,000	$	7,740,865	(c)
Barclays PLC, Senior Notes (4.972% to 5/16/28 then 3 mo. USD LIBOR + 1.902%)		4.972	%		5/16/29		6,290,000		5,879,488	(c)
Barclays PLC, Subordinated Notes (5.088% to 6/20/29 then 3 mo. USD LIBOR + 3.054%)		5.088	%		6/20/30		55,020,000		49,199,327	(c)
BNP Paribas SA, Junior Subordinated Notes (8.500% to 8/14/28 then 5 year Treasury Constant Maturity Rate + 4.354%)		8.500	%		8/14/28		20,170,000		19,783,192	(a)(b)(c)
BNP Paribas SA, Senior Notes		3.375	%		1/9/25		6,895,000		6,656,560	(a)
BNP Paribas SA, Senior Notes		4.400	%		8/14/28		32,210,000		29,963,619	(a)
BNP Paribas SA, Senior Notes (2.219% to 6/9/25 then SOFR + 2.074%)		2.219	%		6/9/26		15,310,000		14,291,219	(a)(c)
BNP Paribas SA, Senior Notes (2.871% to 4/19/31 then SOFR + 1.387%)		2.871	%		4/19/32		10,000,000		7,856,509	(a)(c)
BNP Paribas SA, Senior Notes (4.705% to 1/10/24 then 3 mo. Term SOFR + 2.497%)		4.705	%		1/10/25		37,600,000		37,416,287	(a)(c)
BNP Paribas SA, Senior Notes (5.125% to 1/13/28 then 1 year Treasury Constant Maturity Rate + 1.450%)		5.125	%		1/13/29		45,140,000		43,602,208	(a)(c)
BNP Paribas SA, Senior Notes (5.198% to 1/10/29 then 3 mo.
Term SOFR + 2.829%)		5.198	%		1/10/30		9,009,000		8,562,038	(a)(c)
BNP Paribas SA, Subordinated Notes		4.625	%		3/13/27		3,290,000		3,121,099	(a)
BNP Paribas SA, Subordinated Notes (4.375% to 3/1/28 then USD 5 year ICE Swap Rate + 1.483%)		4.375	%		3/1/33		6,530,000		5,800,960	(a)(c)
BPCE SA, Subordinated Notes		5.150	%		7/21/24		3,300,000		3,248,333	(a)

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         23

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Banks - (continued)
Citigroup Inc., Junior Subordinated Notes (3 mo. Term SOFR + 4.330%)		9.699	%		10/30/23		6,050,000	$	6,050,779	(b)(c)
Citigroup Inc., Junior Subordinated Notes (5.950% to 5/15/25 then 3 mo. Term SOFR + 4.167%)		5.950	%		5/15/25		18,320,000		17,502,763	(b)(c)
Citigroup Inc., Junior Subordinated Notes (6.300% to 5/15/24 then 3 mo. Term SOFR + 3.685%)		6.300	%		5/15/24		3,700,000		3,610,462	(b)(c)
Citigroup Inc., Senior Notes		8.125	%		7/15/39		2,195,000		2,583,250
Citigroup Inc., Senior Notes		4.650	%		7/30/45		17,092,000		13,754,314
Citigroup Inc., Senior Notes		4.650	%		7/23/48		3,000,000		2,430,279
Citigroup Inc., Senior Notes (2.561% to 5/1/31 then SOFR + 1.167%)		2.561	%		5/1/32		20,000,000		15,490,386	(c)
Citigroup Inc., Senior Notes (2.572% to 6/3/30 then SOFR + 2.107%)		2.572	%		6/3/31		28,500,000		22,737,464	(c)
Citigroup Inc., Senior Notes (2.666% to 1/29/30 then SOFR + 1.146%)		2.666	%		1/29/31		20,000,000		16,229,960	(c)
Citigroup Inc., Senior Notes (3.106% to 4/8/25 then SOFR + 2.842%)		3.106	%		4/8/26		10,730,000		10,242,422	(c)
Citigroup Inc., Senior Notes (3.520% to 10/27/27 then 3 mo. Term SOFR + 1.413%)		3.520	%		10/27/28		46,220,000		41,837,751	(c)
Citigroup Inc., Senior Notes (3.785% to 3/17/32 then SOFR + 1.939%)		3.785	%		3/17/33		16,030,000		13,378,654	(c)
Citigroup Inc., Senior Notes (3.980% to 3/20/29 then 3 mo. Term SOFR + 1.600%)		3.980	%		3/20/30		7,640,000		6,865,123	(c)
Citigroup Inc., Senior Notes (4.075% to 4/23/28 then 3 mo. Term SOFR + 1.454%)		4.075	%		4/23/29		16,280,000		14,991,157	(c)
Citigroup Inc., Senior Notes (4.412% to 3/31/30 then SOFR + 3.914%)		4.412	%		3/31/31		18,680,000		16,808,529	(c)

See Notes to Schedule of Investments.

    24     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Banks - (continued)
Citigroup Inc., Senior Notes (4.658% to 5/24/27 then SOFR + 1.887%)		4.658	%		5/24/28		3,760,000	$	3,594,859	(c)
Citigroup Inc., Senior Notes (4.910% to 5/24/32 then SOFR + 2.086%)		4.910	%		5/24/33		7,260,000		6,610,491	(c)
Citigroup Inc., Subordinated Notes		4.400	%		6/10/25		19,090,000		18,528,219
Citigroup Inc., Subordinated Notes		5.500	%		9/13/25		18,380,000		18,165,153
Citigroup Inc., Subordinated Notes		4.300	%		11/20/26		11,500,000		10,907,737
Citigroup Inc., Subordinated Notes		4.450	%		9/29/27		26,770,000		25,143,401
Citigroup Inc., Subordinated Notes		6.625	%		6/15/32		1,660,000		1,677,086
Citigroup Inc., Subordinated Notes		6.125	%		8/25/36		133,000		128,817
Citigroup Inc., Subordinated Notes		6.675	%		9/13/43		2,824,000		2,812,171
Citigroup Inc., Subordinated Notes		5.300	%		5/6/44		1,789,000		1,530,706
Citigroup Inc., Subordinated Notes		4.750	%		5/18/46		2,080,000		1,630,022
Cooperatieve Rabobank UA, Senior Notes		4.375	%		8/4/25		26,630,000		25,705,951
Cooperatieve Rabobank UA, Senior Notes (1.339% to 6/24/25 then 1 year Treasury Constant Maturity Rate + 1.000%)		1.339	%		6/24/26		30,350,000		27,938,508	(a)(c)
Cooperatieve Rabobank UA, Senior Notes (3.649% to 4/6/27 then 1 year Treasury Constant Maturity Rate + 1.220%)		3.649	%		4/6/28		14,550,000		13,382,667	(a)(c)
Cooperatieve Rabobank UA, Senior Notes (3.758% to 4/6/32 then 1 year Treasury Constant Maturity Rate + 1.420%)		3.758	%		4/6/33		10,920,000		9,113,858	(a)(c)
Credit Agricole SA, Senior Notes (1.907% to 6/16/25 then SOFR + 1.676%)		1.907	%		6/16/26		11,750,000		10,927,329	(a)(c)
Credit Agricole SA, Subordinated Notes (4.000% to 1/10/28 then USD 5 year ICE Swap Rate + 1.644%)		4.000	%		1/10/33		8,590,000		7,620,344	(a)(c)
Danske Bank A/S, Senior Notes		5.375	%		1/12/24		18,650,000		18,576,885	(a)
Danske Bank A/S, Senior Notes (3.244% to 12/20/24 then 3 mo. USD LIBOR + 1.591%)		3.244	%		12/20/25		5,370,000		5,145,105	(a)(c)

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         25

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Banks - (continued)
Danske Bank A/S, Senior Notes (4.298% to 4/1/27 then 1 year Treasury Constant Maturity Rate + 1.750%)		4.298	%		4/1/28		250,000		$	232,961	(a)(c)
Danske Bank A/S, Senior Notes (6.259% to 9/22/25 then 1 year Treasury Constant Maturity Rate + 1.180%)		6.259	%		9/22/26		10,210,000			10,209,925	(a)(c)
HSBC Holdings PLC, Senior Notes		3.900	%		5/25/26		13,485,000			12,764,704
HSBC Holdings PLC, Senior Notes		4.950	%		3/31/30		810,000			757,145
HSBC Holdings PLC, Senior Notes (2.099% to 6/4/25 then SOFR + 1.929%)		2.099	%		6/4/26		25,080,000			23,383,638	(c)
HSBC Holdings PLC, Senior Notes (2.848% to 6/4/30 then SOFR + 2.387%)		2.848	%		6/4/31		11,590,000			9,275,206	(c)
HSBC Holdings PLC, Senior Notes (4.041% to 3/13/27 then 3 mo. Term SOFR + 1.808%)		4.041	%		3/13/28		3,480,000			3,222,479	(c)
HSBC Holdings PLC, Subordinated Notes		4.250	%		3/14/24		4,910,000			4,867,914
HSBC Holdings PLC, Subordinated Notes		4.250	%		8/18/25		11,560,000			11,121,690
HSBC Holdings PLC, Subordinated Notes (4.762% to 3/29/32 then SOFR + 2.530%)		4.762	%		3/29/33		14,280,000			12,168,704	(c)
Inter-American Development Bank, Senior Notes		7.350	%		10/6/30		6,972,000,000	INR		83,523,263	(d)
Intesa Sanpaolo SpA, Subordinated Notes		5.017	%		6/26/24		39,180,000			38,256,601	(a)
Intesa Sanpaolo SpA, Subordinated Notes		5.710	%		1/15/26		10,920,000			10,430,167	(a)
JPMorgan Chase & Co., Senior Notes		3.625	%		5/13/24		20,000			19,744
JPMorgan Chase & Co., Senior Notes (1.953% to 2/4/31 then SOFR + 1.065%)		1.953	%		2/4/32		20,000,000			15,177,299	(c)
JPMorgan Chase & Co., Senior Notes (2.083% to 4/22/25 then SOFR + 1.850%)		2.083	%		4/22/26		24,800,000			23,284,223	(c)

See Notes to Schedule of Investments.

    26     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Banks - (continued)
JPMorgan Chase & Co., Senior Notes (2.522% to 4/22/30 then SOFR + 2.040%)		2.522	%		4/22/31		13,760,000	$	11,160,113	(c)
JPMorgan Chase & Co., Senior Notes (2.545% to 11/8/31 then SOFR + 1.180%)		2.545	%		11/8/32		10,480,000		8,114,514	(c)
JPMorgan Chase & Co., Senior Notes (2.580% to 4/22/31 then 3 mo. Term SOFR + 1.250%)		2.580	%		4/22/32		9,440,000		7,450,966	(c)
JPMorgan Chase & Co., Senior Notes (3.109% to 4/22/40 then 3 mo. Term SOFR + 2.460%)		3.109	%		4/22/41		10,000,000		6,956,984	(c)
JPMorgan Chase & Co., Senior Notes (3.109% to 4/22/50 then SOFR + 2.440%)		3.109	%		4/22/51		10,560,000		6,561,500	(c)
JPMorgan Chase & Co., Senior Notes (3.509% to 1/23/28 then 3 mo. Term SOFR + 1.207%)		3.509	%		1/23/29		29,830,000		27,073,450	(c)
JPMorgan Chase & Co., Senior Notes (4.023% to 12/5/23 then 3 mo. Term SOFR + 1.262%)		4.023	%		12/5/24		28,080,000		27,956,785	(c)
JPMorgan Chase & Co., Senior Notes (4.203% to 7/23/28 then 3 mo. Term SOFR + 1.522%)		4.203	%		7/23/29		15,100,000		13,998,480	(c)
JPMorgan Chase & Co., Senior Notes (4.452% to 12/5/28 then 3 mo. Term SOFR + 1.592%)		4.452	%		12/5/29		7,130,000		6,657,576	(c)
JPMorgan Chase & Co., Senior Notes (4.493% to 3/24/30 then 3 mo. Term SOFR + 3.790%)		4.493	%		3/24/31		15,000,000		13,738,384	(c)
JPMorgan Chase & Co., Subordinated Notes		3.875	%		9/10/24		3,195,000		3,130,550
JPMorgan Chase & Co., Subordinated Notes		4.125	%		12/15/26		14,330,000		13,627,262
JPMorgan Chase & Co., Subordinated Notes		4.250	%		10/1/27		4,050,000		3,845,202
JPMorgan Chase & Co., Subordinated Notes		4.950	%		6/1/45		10,670,000		9,134,136

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         27

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Banks - (continued)
Lloyds Banking Group PLC, Junior Subordinated Notes (7.500% to 9/27/25 then USD 5 year ICE Swap Rate + 4.496%)		7.500	%		9/27/25		1,000,000	$	936,776	(b)(c)
Lloyds Banking Group PLC, Senior Notes		3.900	%		3/12/24		10,560,000		10,455,441
Lloyds Banking Group PLC, Senior Notes		4.375	%		3/22/28		6,510,000		6,071,437
Lloyds Banking Group PLC, Senior Notes		4.550	%		8/16/28		200,000		186,337
Lloyds Banking Group PLC, Senior Notes (3.574% to 11/7/27 then 3 mo. USD LIBOR + 1.205%)		3.574	%		11/7/28		2,261,000		2,021,353	(c)
Lloyds Banking Group PLC, Subordinated Notes		4.500	%		11/4/24		15,350,000		15,009,225
Mitsubishi UFJ Financial Group Inc., Senior Notes (3.837% to 4/17/25 then 1 year Treasury Constant Maturity Rate + 1.125%)		3.837	%		4/17/26		13,100,000		12,654,383	(c)
Mitsubishi UFJ Financial Group Inc., Senior Notes (4.080% to 4/19/27 then 1 year Treasury Constant Maturity Rate + 1.300%)		4.080	%		4/19/28		13,490,000		12,676,056	(c)
NatWest Group PLC, Senior Notes (4.269% to 3/22/24 then 3 mo. USD LIBOR + 1.762%)		4.269	%		3/22/25		10,710,000		10,596,781	(c)
NatWest Group PLC, Senior Notes (4.892% to 5/18/28 then 3 mo. USD LIBOR + 1.754%)		4.892	%		5/18/29		5,450,000		5,100,408	(c)
NatWest Group PLC, Senior Notes (5.076% to 1/27/29 then 3 mo. USD LIBOR + 1.905%)		5.076	%		1/27/30		3,000,000		2,798,099	(c)
PNC Financial Services Group Inc., Senior Notes (5.582% to 6/12/28 then SOFR + 1.841%)		5.582	%		6/12/29		22,150,000		21,498,655	(c)
PNC Financial Services Group Inc., Senior Notes (5.812% to 6/12/25 then SOFR + 1.322%)		5.812	%		6/12/26		7,600,000		7,541,469	(c)
Royal Bank of Canada, Senior Notes		1.150	%		6/10/25		14,190,000		13,126,863

See Notes to Schedule of Investments.

    28     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Banks - (continued)
Royal Bank of Canada, Senior Notes		3.875	%		5/4/32		12,660,000	$	11,043,407
Santander UK Group Holdings PLC, Subordinated Notes		5.625	%		9/15/45		2,379,000		1,737,464	(a)
Standard Chartered PLC, Subordinated Notes		5.700	%		3/26/44		715,000		620,256	(a)
Toronto-Dominion Bank, Senior Notes		1.150	%		6/12/25		14,120,000		13,078,277
Toronto-Dominion Bank, Senior Notes		4.456	%		6/8/32		5,050,000		4,531,772
Truist Financial Corp., Senior Notes (6.047% to 6/8/26 then SOFR + 2.050%)		6.047	%		6/8/27		12,950,000		12,813,629	(c)
UniCredit SpA, Subordinated Notes (7.296% to 4/2/29 then USD 5 year ICE Swap Rate + 4.914%)		7.296	%		4/2/34		306,000		288,507	(a)(c)
US Bancorp, Senior Notes		1.450	%		5/12/25		23,580,000		22,003,392
US Bancorp, Senior Notes (2.215% to 1/27/27 then SOFR + 0.730%)		2.215	%		1/27/28		1,950,000		1,721,196	(c)
US Bancorp, Senior Notes (5.775% to 6/12/28 then SOFR + 2.020%)		5.775	%		6/12/29		12,280,000		11,959,920	(c)
US Bancorp, Senior Notes (5.836% to 6/10/33 then SOFR + 2.260%)		5.836	%		6/12/34		5,610,000		5,295,429	(c)
Wells Fargo & Co., Senior Notes		3.750	%		1/24/24		8,840,000		8,776,963
Wells Fargo & Co., Senior Notes		3.000	%		10/23/26		29,510,000		27,114,922
Wells Fargo & Co., Senior Notes		4.150	%		1/24/29		20,920,000		19,219,337
Wells Fargo & Co., Senior Notes (2.188% to 4/30/25 then SOFR + 2.000%)		2.188	%		4/30/26		19,740,000		18,539,553	(c)
Wells Fargo & Co., Senior Notes (2.393% to 6/2/27 then SOFR + 2.100%)		2.393	%		6/2/28		27,690,000		24,292,229	(c)
Wells Fargo & Co., Senior Notes (2.879% to 10/30/29 then 3 mo. Term SOFR + 1.432%)		2.879	%		10/30/30		5,770,000		4,806,093	(c)

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         29

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Banks - (continued)
Wells Fargo & Co., Senior Notes (3.350% to 3/2/32 then SOFR + 1.500%)		3.350	%		3/2/33		8,490,000	$	6,866,459	(c)
Wells Fargo & Co., Senior Notes (3.584% to 5/22/27 then 3 mo. Term SOFR + 1.572%)		3.584	%		5/22/28		23,440,000		21,471,800	(c)
Wells Fargo & Co., Senior Notes (4.478% to 4/4/30 then 3 mo. Term SOFR + 4.032%)		4.478	%		4/4/31		15,920,000		14,448,020	(c)
Wells Fargo & Co., Senior Notes (5.013% to 4/4/50 then 3 mo. Term SOFR + 4.502%)		5.013	%		4/4/51		115,960,000		97,546,232	(c)
Wells Fargo & Co., Senior Notes (5.557% to 7/25/33 then SOFR + 1.990%)		5.557	%		7/25/34		4,660,000		4,415,022	(c)
Wells Fargo & Co., Senior Notes (5.574% to 7/25/28 then SOFR + 1.740%)		5.574	%		7/25/29		1,310,000		1,278,551	(c)
Wells Fargo & Co., Subordinated Notes		4.480	%		1/16/24		1,802,000		1,793,952
Wells Fargo & Co., Subordinated Notes		4.300	%		7/22/27		15,880,000		14,971,679
Wells Fargo & Co., Subordinated Notes		5.375	%		11/2/43		8,140,000		7,067,331
Wells Fargo & Co., Subordinated Notes		5.606	%		1/15/44		1,840,000		1,633,998
Wells Fargo & Co., Subordinated Notes		4.650	%		11/4/44		20,450,000		15,924,924
Wells Fargo & Co., Subordinated Notes		4.900	%		11/17/45		16,404,000		13,177,485
Wells Fargo & Co., Subordinated Notes		4.400	%		6/14/46		3,070,000		2,275,527
Wells Fargo & Co., Subordinated Notes		4.750	%		12/7/46		22,515,000		17,600,043
Total Banks									2,047,797,763
Capital Markets - 2.9%
Bank of New York Mellon Corp., Senior Notes		1.600	%		4/24/25		8,130,000		7,622,428
Charles Schwab Corp., Senior Notes		5.875	%		8/24/26		28,270,000		28,187,948

See Notes to Schedule of Investments.

    30     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Capital Markets - (continued)
Charles Schwab Corp., Senior Notes (6.136% to 8/24/33 then SOFR + 2.010%)		6.136	%		8/24/34		5,290,000	$	5,148,789	(c)
CME Group Inc., Senior Notes		5.300	%		9/15/43		4,500,000		4,322,833
Credit Suisse AG, Senior Notes		7.950	%		1/9/25		34,910,000		35,540,508
Credit Suisse AG, Senior Notes		2.950	%		4/9/25		13,780,000		13,098,569
Credit Suisse AG AT1 Claim		—			1/1/50		61,000,000		0	*(e)(f)(g)
Credit Suisse AG, Senior Notes		7.500	%		2/15/28		38,500,000		40,292,365
Goldman Sachs Capital II, Ltd. GTD (3 mo. Term SOFR + 1.029%)		6.439	%		12/1/23		303,000		249,107	(b)(c)
Goldman Sachs Group Inc., Senior Notes		4.000	%		3/3/24		5,100,000		5,057,264
Goldman Sachs Group Inc., Senior Notes		3.850	%		7/8/24		5,410,000		5,325,518
Goldman Sachs Group Inc., Senior Notes		3.500	%		1/23/25		7,500,000		7,256,381
Goldman Sachs Group Inc., Senior Notes		3.500	%		4/1/25		16,970,000		16,344,503
Goldman Sachs Group Inc., Senior Notes		3.500	%		11/16/26		10,633,000		9,894,186
Goldman Sachs Group Inc., Senior Notes		2.600	%		2/7/30		10,000,000		8,195,888
Goldman Sachs Group Inc., Senior Notes		6.250	%		2/1/41		14,580,000		14,723,063
Goldman Sachs Group Inc., Senior Notes		4.750	%		10/21/45		9,754,000		8,221,922
Goldman Sachs Group Inc., Senior Notes (2.615% to 4/22/31 then SOFR + 1.281%)		2.615	%		4/22/32		20,000,000		15,630,799	(c)
Goldman Sachs Group Inc., Senior Notes (2.650% to 10/21/31 then SOFR + 1.264%)		2.650	%		10/21/32		2,000,000		1,544,626	(c)
Goldman Sachs Group Inc., Senior Notes (2.908% to 7/21/41 then SOFR + 1.472%)		2.908	%		7/21/42		7,840,000		5,070,368	(c)
Goldman Sachs Group Inc., Senior Notes (3.210% to 4/22/41 then SOFR + 1.513%)		3.210	%		4/22/42		3,096,000		2,100,962	(c)
Goldman Sachs Group Inc., Senior Notes (3.615% to 3/15/27 then SOFR + 1.846%)		3.615	%		3/15/28		5,790,000		5,344,415	(c)

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         31

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Capital Markets - (continued)
Goldman Sachs Group Inc., Senior Notes (3.691% to 6/5/27 then 3 mo. Term SOFR + 1.772%)		3.691	%		6/5/28		5,760,000	$	5,311,240	(c)
Goldman Sachs Group Inc., Senior Notes (3.814% to 4/23/28 then 3 mo. Term SOFR + 1.420%)		3.814	%		4/23/29		38,345,000		34,837,047	(c)
Goldman Sachs Group Inc., Senior Notes (4.223% to 5/1/28 then 3 mo. Term SOFR + 1.563%)		4.223	%		5/1/29		21,650,000		20,034,907	(c)
Goldman Sachs Group Inc., Subordinated Notes		4.250	%		10/21/25		18,260,000		17,601,022
Goldman Sachs Group Inc., Subordinated Notes		6.750	%		10/1/37		8,640,000		8,756,916
Goldman Sachs Group Inc., Subordinated Notes		5.150	%		5/22/45		15,341,000		13,165,854
Intercontinental Exchange Inc., Senior Notes		4.600	%		3/15/33		5,320,000		4,892,120
Intercontinental Exchange Inc., Senior Notes		4.950	%		6/15/52		1,690,000		1,471,031
KKR Group Finance Co. II LLC, Senior Notes		5.500	%		2/1/43		1,398,000		1,219,208	(a)
Morgan Stanley, Senior Notes (2.188% to 4/28/25 then SOFR + 1.990%)		2.188	%		4/28/26		26,590,000		24,988,536	(c)
Morgan Stanley, Senior Notes (2.511% to 10/20/31 then SOFR + 1.200%)		2.511	%		10/20/32		2,020,000		1,546,343	(c)
Morgan Stanley, Senior Notes (2.699% to 1/22/30 then SOFR + 1.143%)		2.699	%		1/22/31		26,340,000		21,549,266	(c)
Morgan Stanley, Senior Notes (3.622% to 4/1/30 then SOFR + 3.120%)		3.622	%		4/1/31		29,910,000		25,780,048	(c)
Morgan Stanley, Senior Notes (3.772% to 1/24/28 then 3 mo. Term SOFR + 1.402%)		3.772	%		1/24/29		32,663,000		29,800,088	(c)
Morgan Stanley, Senior Notes (4.431% to 1/23/29 then 3 mo. Term SOFR + 1.890%)		4.431	%		1/23/30		1,160,000		1,073,547	(c)
UBS AG, Senior Notes		4.500	%		6/26/48		4,463,000		3,709,166	(a)

See Notes to Schedule of Investments.

    32     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Capital Markets - (continued)
UBS Group AG, Junior Subordinated Notes (7.000% to 1/31/24 then USD 5 year ICE Swap Rate + 4.344%)		7.000	%		1/31/24		40,850,000	$	40,354,857	(a)(b)(c)
UBS Group AG, Senior Notes		4.125	%		9/24/25		4,880,000		4,679,721	(a)
UBS Group AG, Senior Notes		4.550	%		4/17/26		3,720,000		3,573,638
UBS Group AG, Senior Notes		4.253	%		3/23/28		10,530,000		9,685,950	(a)
UBS Group AG, Senior Notes (2.193% to 6/5/25 then SOFR + 2.044%)		2.193	%		6/5/26		42,045,000		39,120,344	(a)(c)
UBS Group AG, Senior Notes (2.593% to 9/11/24 then SOFR + 1.560%)		2.593	%		9/11/25		6,450,000		6,210,271	(a)(c)
UBS Group AG, Senior Notes (2.746% to 2/11/32 then 1 year Treasury Constant Maturity Rate + 1.100%)		2.746	%		2/11/33		7,140,000		5,402,043	(a)(c)
UBS Group AG, Senior Notes (3.091% to 5/14/31 then SOFR + 1.730%)		3.091	%		5/14/32		40,670,000		32,147,736	(a)(c)
UBS Group AG, Senior Notes (4.194% to 4/1/30 then SOFR + 3.730%)		4.194	%		4/1/31		33,870,000		29,592,269	(a)(c)
UBS Group AG, Senior Notes (4.488% to 5/12/25 then 1 year Treasury Constant Maturity Rate + 1.550%)		4.488	%		5/12/26		9,390,000		9,097,822	(a)(c)
UBS Group AG, Senior Notes (4.751% to 5/12/27 then 1 year Treasury Constant Maturity Rate + 1.750%)		4.751	%		5/12/28		12,160,000		11,494,463	(a)(c)
UBS Group AG, Senior Notes (9.016% to 11/15/32 then SOFR + 5.020%)		9.016	%		11/15/33		9,360,000		10,816,366	(a)(c)
Total Capital Markets									657,084,261
Consumer Finance - 0.1%
American Express Co., Senior Notes		3.375	%		5/3/24		14,900,000		14,672,616
American Express Co., Senior Notes		4.050	%		5/3/29		15,630,000		14,555,194
Total Consumer Finance									29,227,810

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         33

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Financial Services - 0.8%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, Senior Notes		3.150	%		2/15/24		18,350,000	$	18,143,257
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, Senior Notes		2.450	%		10/29/26		31,910,000		28,597,466
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, Senior Notes		3.000	%		10/29/28		25,990,000		22,297,056
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, Senior Notes		3.300	%		1/30/32		14,210,000		11,301,566
Ahold Lease USA Inc. Pass-Through-Trust, Senior Secured Notes		8.620	%		1/2/25		364,763		371,374
Berkshire Hathaway Energy Co., Senior Notes		6.125	%		4/1/36		156,000		156,910
Berkshire Hathaway Finance Corp., Senior Notes		4.250	%		1/15/49		19,600,000		16,084,591
ILFC E-Capital Trust II, Ltd. GTD ((Highest of 3 mo. USD LIBOR, 10 year Treasury Constant Maturity Rate and 30 year Treasury Constant Maturity Rate) + 1.800%)		7.459	%		12/21/65		2,870,000		2,171,797	(a)(c)
Mastercard Inc., Senior Notes		3.850	%		3/26/50		4,530,000		3,493,038
National Securities Clearing Corp., Senior Notes		1.500	%		4/23/25		9,000,000		8,449,091	(a)
Park Aerospace Holdings Ltd., Senior Notes		5.500	%		2/15/24		2,790,000		2,776,573	(a)
PayPal Holdings Inc., Senior Notes		1.650	%		6/1/25		12,430,000		11,636,433
PayPal Holdings Inc., Senior Notes		2.300	%		6/1/30		6,750,000		5,521,730
USAA Capital Corp., Senior Notes		2.125	%		5/1/30		1,100,000		885,801	(a)
Vanguard Group Inc.		3.050	%		8/22/50		21,230,000		11,893,432
Visa Inc., Senior Notes		3.150	%		12/14/25		12,450,000		11,887,326
Visa Inc., Senior Notes		2.050	%		4/15/30		9,790,000		8,088,537
Visa Inc., Senior Notes		4.300	%		12/14/45		16,470,000		13,956,956
Total Financial Services									177,712,934

See Notes to Schedule of Investments.

    34     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Insurance - 0.2%
American International Group Inc., Senior Notes		2.500	%		6/30/25		5,319,000	$	5,020,192
Brighthouse Financial Inc., Senior Notes		4.700	%		6/22/47		374,000		260,407
Chubb INA Holdings Inc., Senior Notes		3.350	%		5/3/26		5,420,000		5,144,702
Guardian Life Global Funding, Secured Notes		1.100	%		6/23/25		5,940,000		5,458,441	(a)
MetLife Capital Trust IV, Junior Subordinated Notes		7.875	%		12/15/32		8,900,000		9,228,650	(a)(b)
MetLife Inc., Junior Subordinated Notes		6.400	%		12/15/31		5,493,000		5,374,266	(b)
New York Life Global Funding, Senior Secured Notes		0.950	%		6/24/25		10,670,000		9,825,361	(a)
Principal Life Global Funding II, Secured Notes		1.250	%		6/23/25		5,400,000		4,983,999	(a)
Teachers Insurance & Annuity Association of America, Subordinated Notes		4.900	%		9/15/44		7,755,000		6,540,610	(a)
Total Insurance									51,836,628
TOTAL FINANCIALS									2,963,659,396
HEALTH CARE - 3.6%
Biotechnology - 0.6%
AbbVie Inc., Senior Notes		3.750	%		11/14/23		3,205,000		3,197,228
AbbVie Inc., Senior Notes		2.600	%		11/21/24		41,910,000		40,418,342
AbbVie Inc., Senior Notes		3.800	%		3/15/25		10,140,000		9,859,524
AbbVie Inc., Senior Notes		3.600	%		5/14/25		9,430,000		9,118,077
AbbVie Inc., Senior Notes		2.950	%		11/21/26		10,890,000		10,110,396
AbbVie Inc., Senior Notes		3.200	%		11/21/29		45,280,000		39,980,586
AbbVie Inc., Senior Notes		4.550	%		3/15/35		140,000		127,398
AbbVie Inc., Senior Notes		4.750	%		3/15/45		472,000		405,611
AbbVie Inc., Senior Notes		4.875	%		11/14/48		2,385,000		2,087,058
AbbVie Inc., Senior Notes		4.250	%		11/21/49		11,776,000		9,331,468
Amgen Inc., Senior Notes		3.625	%		5/22/24		140,000		138,061
Amgen Inc., Senior Notes		4.663	%		6/15/51		1,933,000		1,566,058
Gilead Sciences Inc., Senior Notes		3.700	%		4/1/24		399,000		394,717
Gilead Sciences Inc., Senior Notes		3.500	%		2/1/25		5,000,000		4,858,304
Gilead Sciences Inc., Senior Notes		3.650	%		3/1/26		1,560,000		1,493,952
Gilead Sciences Inc., Senior Notes		4.750	%		3/1/46		6,165,000		5,285,727
Total Biotechnology									138,372,507

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         35

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Health Care Equipment & Supplies - 0.2%
Abbott Laboratories, Senior Notes		4.750	%		11/30/36		6,660,000	$	6,333,731
Abbott Laboratories, Senior Notes		4.900	%		11/30/46		10,150,000		9,252,555
Becton Dickinson & Co., Senior Notes		3.363	%		6/6/24		8,681,000		8,529,509
Becton Dickinson & Co., Senior Notes		3.734	%		12/15/24		1,072,000		1,045,996
Becton Dickinson & Co., Senior Notes		4.685	%		12/15/44		1,975,000		1,661,935
Roche Holdings Inc., Senior Notes		2.607	%		12/13/51		20,900,000		12,516,146	(a)
Total Health Care Equipment & Supplies									39,339,872
Health Care Providers & Services - 1.5%
Centene Corp., Senior Notes		4.250	%		12/15/27		8,754,000		8,077,885
Centene Corp., Senior Notes		4.625	%		12/15/29		12,769,000		11,515,020
Centene Corp., Senior Notes		3.375	%		2/15/30		3,060,000		2,555,733
Centene Corp., Senior Notes		3.000	%		10/15/30		1,400,000		1,130,955
Centene Corp., Senior Notes		2.625	%		8/1/31		1,430,000		1,097,043
Cigna Corp., Senior Notes		2.375	%		3/15/31		10,000,000		7,993,171
Cigna Group, Senior Notes		4.125	%		11/15/25		8,050,000		7,796,540
Cigna Group, Senior Notes		4.375	%		10/15/28		16,690,000		15,796,970
Cigna Group, Senior Notes		4.800	%		8/15/38		26,282,000		23,171,379
Cigna Group, Senior Notes		4.900	%		12/15/48		8,400,000		7,086,542
CommonSpirit Health, Secured Notes		4.350	%		11/1/42		1,410,000		1,133,775
CVS Health Corp., Senior Notes		3.875	%		7/20/25		4,447,000		4,298,449
CVS Health Corp., Senior Notes		3.625	%		4/1/27		5,590,000		5,225,348
CVS Health Corp., Senior Notes		4.300	%		3/25/28		12,360,000		11,701,357
CVS Health Corp., Senior Notes		3.750	%		4/1/30		21,210,000		18,756,430
CVS Health Corp., Senior Notes		1.750	%		8/21/30		10,000,000		7,700,242
CVS Health Corp., Senior Notes		1.875	%		2/28/31		3,810,000		2,907,819
CVS Health Corp., Senior Notes		2.125	%		9/15/31		13,700,000		10,484,389
CVS Health Corp., Senior Notes		4.125	%		4/1/40		4,720,000		3,671,823
CVS Health Corp., Senior Notes		5.125	%		7/20/45		12,410,000		10,453,314
CVS Health Corp., Senior Notes		5.050	%		3/25/48		21,983,000		18,281,066
CVS Health Corp., Senior Notes		4.250	%		4/1/50		11,275,000		8,353,282
CVS Pass-Through Trust, Secured Trust		5.880	%		1/10/28		1,886,258		1,834,416
CVS Pass-Through Trust, Secured Trust		6.943	%		1/10/30		1,011,546		1,013,009
CVS Pass-Through Trust, Senior Secured Trust		6.036	%		12/10/28		5,526,577		5,469,737

See Notes to Schedule of Investments.

    36     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Health Care Providers & Services - (continued)
Elevance Health Inc., Senior Notes		3.350	%		12/1/24		4,140,000	$	4,019,618
Elevance Health Inc., Senior Notes		3.650	%		12/1/27		3,165,000		2,935,433
Elevance Health Inc., Senior Notes		4.100	%		5/15/32		3,580,000		3,190,825
Elevance Health Inc., Senior Notes		4.375	%		12/1/47		4,000,000		3,187,871
Fresenius Medical Care U.S. Finance II Inc., Senior Notes		4.750	%		10/15/24		780,000		765,784	(a)
HCA Inc., Senior Notes		5.000	%		3/15/24		330,000		328,359
HCA Inc., Senior Notes		5.375	%		2/1/25		3,542,000		3,506,361
HCA Inc., Senior Notes		7.690	%		6/15/25		723,000		740,325
HCA Inc., Senior Notes		5.250	%		6/15/26		2,960,000		2,898,607
HCA Inc., Senior Notes		5.375	%		9/1/26		518,000		508,548
HCA Inc., Senior Notes		4.500	%		2/15/27		1,780,000		1,699,924
HCA Inc., Senior Notes		5.625	%		9/1/28		700,000		682,964
HCA Inc., Senior Notes		5.875	%		2/1/29		4,060,000		3,995,960
HCA Inc., Senior Notes		3.500	%		9/1/30		14,403,000		12,190,587
HCA Inc., Senior Notes		5.500	%		6/15/47		5,920,000		5,059,059
HCA Inc., Senior Notes		7.500	%		11/15/95		15,410,000		16,167,341
Humana Inc., Senior Notes		4.500	%		4/1/25		2,460,000		2,416,325
Humana Inc., Senior Notes		3.950	%		3/15/27		8,340,000		7,916,013
Humana Inc., Senior Notes		2.150	%		2/3/32		4,440,000		3,357,490
Humana Inc., Senior Notes		4.625	%		12/1/42		2,320,000		1,898,866
Humana Inc., Senior Notes		4.950	%		10/1/44		2,476,000		2,090,894
Humana Inc., Senior Notes		4.800	%		3/15/47		600,000		500,387
UnitedHealth Group Inc., Senior Notes		3.875	%		12/15/28		2,622,000		2,463,954
UnitedHealth Group Inc., Senior Notes		4.000	%		5/15/29		6,960,000		6,517,134
UnitedHealth Group Inc., Senior Notes		2.000	%		5/15/30		11,310,000		9,163,697
UnitedHealth Group Inc., Senior Notes		2.300	%		5/15/31		2,750,000		2,223,352
UnitedHealth Group Inc., Senior Notes		4.200	%		5/15/32		9,820,000		8,966,084
UnitedHealth Group Inc., Senior Notes		5.700	%		10/15/40		10,000,000		9,840,684

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         37

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Health Care Providers & Services - (continued)
UnitedHealth Group Inc., Senior Notes		4.250	%		6/15/48		3,420,000	$	2,735,053
UnitedHealth Group Inc., Senior Notes		4.450	%		12/15/48		7,720,000		6,384,886
UnitedHealth Group Inc., Senior Notes		3.700	%		8/15/49		6,465,000		4,663,175
UnitedHealth Group Inc., Senior Notes		2.900	%		5/15/50		1,080,000		664,257
UnitedHealth Group Inc., Senior Notes		3.875	%		8/15/59		10,385,000		7,404,849
UnitedHealth Group Inc., Senior Notes		3.125	%		5/15/60		1,570,000		952,848
Total Health Care Providers & Services									339,543,208
Pharmaceuticals - 1.3%
Bausch Health Americas Inc., Senior Notes		9.250	%		4/1/26		5,181,000		4,693,712	(a)
Bausch Health Americas Inc., Senior Notes		8.500	%		1/31/27		36,000		18,322	(a)
Bausch Health Cos. Inc., Senior Notes		5.000	%		2/15/29		20,974,000		8,064,735	(a)
Bausch Health Cos. Inc., Senior Notes		6.250	%		2/15/29		22,301,000		8,841,120	(a)
Bausch Health Cos. Inc., Senior Notes		7.250	%		5/30/29		6,789,000		2,735,220	(a)
Bausch Health Cos. Inc., Senior Notes		5.250	%		1/30/30		67,480,000		25,433,672	(a)
Bausch Health Cos. Inc., Senior Secured Notes		5.500	%		11/1/25		590,000		523,448	(a)
Bristol-Myers Squibb Co., Senior Notes		2.900	%		7/26/24		25,023,000		24,464,750
Bristol-Myers Squibb Co., Senior Notes		3.200	%		6/15/26		12,042,000		11,427,428
Bristol-Myers Squibb Co., Senior Notes		3.400	%		7/26/29		2,693,000		2,441,257
Bristol-Myers Squibb Co., Senior Notes		4.550	%		2/20/48		3,441,000		2,874,792
Johnson & Johnson, Senior Notes		3.625	%		3/3/37		29,750,000		25,094,799
Johnson & Johnson, Senior Notes		2.100	%		9/1/40		3,700,000		2,370,703
Merck & Co. Inc., Senior Notes		1.450	%		6/24/30		9,130,000		7,158,272
Merck & Co. Inc., Senior Notes		2.750	%		12/10/51		16,410,000		9,924,304

See Notes to Schedule of Investments.

    38     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Pharmaceuticals - (continued)
Pfizer Inc., Senior Notes		2.625	%		4/1/30		14,195,000	$	12,130,169
Pfizer Inc., Senior Notes		1.700	%		5/28/30		13,010,000		10,438,095
Pfizer Inc., Senior Notes		7.200	%		3/15/39		5,000		5,761
Teva Pharmaceutical Finance Co. LLC, Senior Notes		6.150	%		2/1/36		2,420,000		2,149,074
Teva Pharmaceutical Finance Netherlands III BV, Senior Notes		6.000	%		4/15/24		1,810,000		1,802,680
Teva Pharmaceutical Finance Netherlands III BV, Senior Notes		7.125	%		1/31/25		10,230,000		10,275,902
Teva Pharmaceutical Finance Netherlands III BV, Senior Notes		3.150	%		10/1/26		81,598,000		72,794,424
Teva Pharmaceutical Finance Netherlands III BV, Senior Notes		4.750	%		5/9/27		9,740,000		8,948,947
Teva Pharmaceutical Finance Netherlands III BV, Senior Notes		6.750	%		3/1/28		830,000		815,742
Teva Pharmaceutical Finance Netherlands III BV, Senior Notes		5.125	%		5/9/29		25,910,000		23,451,789
Teva Pharmaceutical Finance Netherlands III BV, Senior Notes		8.125	%		9/15/31		6,060,000		6,276,960
Teva Pharmaceutical Finance Netherlands III BV, Senior Notes		4.100	%		10/1/46		21,910,000		13,742,513
Wyeth LLC, Senior Notes		5.950	%		4/1/37		5,098,000		5,242,956
Total Pharmaceuticals									304,141,546
TOTAL HEALTH CARE									821,397,133
INDUSTRIALS - 3.1%
Aerospace & Defense - 1.6%
Boeing Co., Senior Notes		1.433	%		2/4/24		11,330,000		11,150,956
Boeing Co., Senior Notes		4.875	%		5/1/25		33,300,000		32,733,218
Boeing Co., Senior Notes		2.196	%		2/4/26		19,860,000		18,239,663
Boeing Co., Senior Notes		3.100	%		5/1/26		3,720,000		3,475,290
Boeing Co., Senior Notes		2.700	%		2/1/27		5,050,000		4,575,492
Boeing Co., Senior Notes		2.800	%		3/1/27		4,740,000		4,293,288
Boeing Co., Senior Notes		3.200	%		3/1/29		16,620,000		14,606,782
Boeing Co., Senior Notes		5.150	%		5/1/30		9,930,000		9,491,193
Boeing Co., Senior Notes		3.250	%		2/1/35		32,524,000		25,031,130
Boeing Co., Senior Notes		3.550	%		3/1/38		3,780,000		2,774,885
Boeing Co., Senior Notes		5.705	%		5/1/40		21,976,000		20,290,959
Boeing Co., Senior Notes		3.750	%		2/1/50		9,510,000		6,471,447
Boeing Co., Senior Notes		5.805	%		5/1/50		28,300,000		25,650,276
Boeing Co., Senior Notes		5.930	%		5/1/60		14,430,000		12,974,675

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         39

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Aerospace & Defense - (continued)
General Dynamics Corp., Senior Notes		3.250	%		4/1/25		1,740,000	$	1,683,343
General Dynamics Corp., Senior Notes		4.250	%		4/1/40		1,535,000		1,305,391
General Dynamics Corp., Senior Notes		4.250	%		4/1/50		8,121,000		6,682,910
L3Harris Technologies Inc., Senior Notes		4.854	%		4/27/35		2,988,000		2,723,492
L3Harris Technologies Inc., Senior Notes		5.054	%		4/27/45		2,940,000		2,564,144
Lockheed Martin Corp., Senior Notes		3.900	%		6/15/32		7,740,000		6,945,932
Lockheed Martin Corp., Senior Notes		4.500	%		5/15/36		2,420,000		2,208,831
Lockheed Martin Corp., Senior Notes		4.150	%		6/15/53		34,050,000		26,907,579
Northrop Grumman Corp., Senior Notes		2.930	%		1/15/25		14,925,000		14,397,624
Northrop Grumman Corp., Senior Notes		3.250	%		1/15/28		29,720,000		27,274,229
Northrop Grumman Corp., Senior Notes		5.250	%		5/1/50		18,320,000		16,925,504
RTX Corp., Senior Notes		3.150	%		12/15/24		6,150,000		5,955,573
RTX Corp., Senior Notes		3.950	%		8/16/25		14,150,000		13,698,371
RTX Corp., Senior Notes		4.125	%		11/16/28		7,780,000		7,259,704
RTX Corp., Senior Notes		2.250	%		7/1/30		13,000,000		10,469,982
RTX Corp., Senior Notes		4.500	%		6/1/42		11,509,000		9,428,364
RTX Corp., Senior Notes		3.030	%		3/15/52		11,750,000		7,082,490
Total Aerospace & Defense									355,272,717
Air Freight & Logistics - 0.1%
DP World Ltd., Senior Notes		5.625	%		9/25/48		27,030,000		24,037,779	(a)
Building Products - 0.0%††
Builders FirstSource Inc., Senior Notes		4.250	%		2/1/32		3,190,000		2,619,742	(a)
Carrier Global Corp., Senior Notes		3.577	%		4/5/50		840,000		567,693
Total Building Products									3,187,435
Commercial Services & Supplies - 0.1%
ADT Security Corp., Senior Secured Notes		4.125	%		8/1/29		810,000		685,791	(a)
Cintas Corp. No 2, Senior Notes		3.700	%		4/1/27		7,500,000		7,115,702

See Notes to Schedule of Investments.

    40     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Commercial Services & Supplies - (continued)
CoreCivic Inc., Senior Notes		4.750	%		10/15/27		540,000	$	476,602
GFL Environmental Inc., Senior Secured Notes		4.250	%		6/1/25		7,650,000		7,359,492	(a)
Republic Services Inc., Senior Notes		2.500	%		8/15/24		9,100,000		8,841,648
Total Commercial Services & Supplies									24,479,235
Electrical Equipment - 0.0%††
Eaton Corp., Senior Notes		4.150	%		11/2/42		4,160,000		3,390,054
Ground Transportation - 0.3%
Burlington Northern Santa Fe LLC, Senior Notes		2.875	%		6/15/52		2,120,000		1,307,239
Canadian Pacific Railway Co., Senior Notes		3.100	%		12/2/51		10,360,000		6,489,265
Union Pacific Corp., Senior Notes		3.750	%		7/15/25		8,730,000		8,460,370
Union Pacific Corp., Senior Notes		2.150	%		2/5/27		4,380,000		3,957,499
Union Pacific Corp., Senior Notes		2.891	%		4/6/36		22,190,000		16,827,239
Union Pacific Corp., Senior Notes		3.839	%		3/20/60		23,430,000		16,471,175
Union Pacific Corp., Senior Notes		3.750	%		2/5/70		12,515,000		8,396,475
Total Ground Transportation									61,909,262
Industrial Conglomerates - 0.1%
3M Co., Senior Notes		2.375	%		8/26/29		10,110,000		8,461,686
3M Co., Senior Notes		3.050	%		4/15/30		3,400,000		2,941,917
3M Co., Senior Notes		3.700	%		4/15/50		20,000,000		14,288,621
Total Industrial Conglomerates									25,692,224
Machinery - 0.1%
Deere & Co., Senior Notes		3.100	%		4/15/30		4,080,000		3,590,685
Deere & Co., Senior Notes		3.750	%		4/15/50		24,850,000		19,669,184
Otis Worldwide Corp., Senior Notes		2.056	%		4/5/25		6,550,000		6,186,190
Vertiv Group Corp., Senior Secured Notes		4.125	%		11/15/28		5,265,000		4,632,731	(a)
Total Machinery									34,078,790
Passenger Airlines - 0.5%
Delta Air Lines Inc., Senior Notes		2.900	%		10/28/24		9,750,000		9,379,680
Delta Air Lines Inc., Senior Notes		7.375	%		1/15/26		17,870,000		18,105,169
Delta Air Lines Inc./SkyMiles IP Ltd., Senior Secured Notes		4.500	%		10/20/25		12,730,000		12,369,544	(a)
Delta Air Lines Inc./SkyMiles IP Ltd., Senior Secured Notes		4.750	%		10/20/28		9,950,000		9,459,586	(a)

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         41

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Passenger Airlines - (continued)
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., Senior Secured Notes		6.500	%		6/20/27		11,812,500	$	11,715,596	(a)
Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd., Senior Secured Notes		8.000	%		9/20/25		11,735,997		11,740,530	(a)
United Airlines Inc., Senior Secured Notes		4.375	%		4/15/26		10,350,000		9,581,880	(a)
United Airlines Inc., Senior Secured Notes		4.625	%		4/15/29		27,030,000		23,261,357	(a)
Total Passenger Airlines									105,613,342
Trading Companies & Distributors - 0.3%
Air Lease Corp., Senior Notes		3.375	%		7/1/25		9,600,000		9,124,710
Air Lease Corp., Senior Notes		5.300	%		2/1/28		13,660,000		13,206,364
H&E Equipment Services Inc., Senior Notes		3.875	%		12/15/28		4,744,000		4,056,187	(a)
United Rentals North America Inc., Secured Notes		3.875	%		11/15/27		2,380,000		2,156,744
United Rentals North America Inc., Senior Notes		5.500	%		5/15/27		96,000		93,390
United Rentals North America Inc., Senior Notes		4.875	%		1/15/28		5,413,000		5,061,550
United Rentals North America Inc., Senior Notes		5.250	%		1/15/30		1,560,000		1,444,916
United Rentals North America Inc., Senior Notes		3.875	%		2/15/31		28,270,000		23,552,297
United Rentals North America Inc., Senior Notes		3.750	%		1/15/32		10,600,000		8,567,411
Total Trading Companies & Distributors									67,263,569
TOTAL INDUSTRIALS									704,924,407
INFORMATION TECHNOLOGY - 1.4%
IT Services - 0.2%
International Business Machines Corp., Senior Notes		3.000	%		5/15/24		40,290,000		39,613,299	(h)
Semiconductors & Semiconductor Equipment - 0.7%
Broadcom Inc., Senior Notes		4.150	%		11/15/30		1,207,000		1,069,581
Broadcom Inc., Senior Notes		3.137	%		11/15/35		55,490,000		40,475,877	(a)
Broadcom Inc., Senior Notes		3.187	%		11/15/36		154,000		110,632	(a)
Broadcom Inc., Senior Notes		4.926	%		5/15/37		1,635,000		1,410,084	(a)
Intel Corp., Senior Notes		3.700	%		7/29/25		4,050,000		3,921,920

See Notes to Schedule of Investments.

    42     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Semiconductors & Semiconductor Equipment - (continued)
Intel Corp., Senior Notes		1.600	%		8/12/28		12,160,000	$	10,288,641
Intel Corp., Senior Notes		5.125	%		2/10/30		9,830,000		9,651,029
Intel Corp., Senior Notes		4.750	%		3/25/50		11,385,000		9,423,565
Intel Corp., Senior Notes		3.050	%		8/12/51		5,950,000		3,622,496
Micron Technology Inc., Senior Notes		5.875	%		2/9/33		7,071,000		6,760,250
NVIDIA Corp., Senior Notes		2.850	%		4/1/30		7,890,000		6,887,895
NVIDIA Corp., Senior Notes		3.500	%		4/1/40		17,250,000		13,592,180
NVIDIA Corp., Senior Notes		3.500	%		4/1/50		47,120,000		34,373,926	(h)
NVIDIA Corp., Senior Notes		3.700	%		4/1/60		16,020,000		11,749,842
NXP BV/NXP Funding LLC/NXP USA Inc., Senior Notes		2.700	%		5/1/25		8,540,000		8,113,881
Texas Instruments Inc., Senior Notes		1.750	%		5/4/30		8,690,000		7,038,497
Total Semiconductors & Semiconductor Equipment									168,490,296
Software - 0.5%
Microsoft Corp., Senior Notes		2.875	%		2/6/24		6,778,000		6,714,492
Microsoft Corp., Senior Notes		3.300	%		2/6/27		40,450,000		38,399,114	(h)
Microsoft Corp., Senior Notes		3.450	%		8/8/36		367,000		309,753
Microsoft Corp., Senior Notes		2.525	%		6/1/50		1,686,000		1,027,662
Microsoft Corp., Senior Notes		2.921	%		3/17/52		3,247,000		2,131,922
Microsoft Corp., Senior Notes		3.041	%		3/17/62		3,169,000		2,008,721
Oracle Corp., Senior Notes		1.650	%		3/25/26		28,500,000		25,822,402
Oracle Corp., Senior Notes		2.950	%		4/1/30		2,670,000		2,247,850
Oracle Corp., Senior Notes		4.650	%		5/6/30		9,810,000		9,179,222
Oracle Corp., Senior Notes		2.875	%		3/25/31		32,310,000		26,406,002
Salesforce Inc., Senior Notes		3.700	%		4/11/28		3,480,000		3,285,183
Total Software									117,532,323
TOTAL INFORMATION TECHNOLOGY									325,635,918
MATERIALS - 1.4%
Chemicals - 0.4%
MEGlobal BV, Senior Notes		4.250	%		11/3/26		14,230,000		13,537,711	(a)
OCP SA, Senior Notes		4.500	%		10/22/25		14,110,000		13,613,003	(a)
OCP SA, Senior Notes		3.750	%		6/23/31		11,410,000		9,040,440	(a)
OCP SA, Senior Notes		5.125	%		6/23/51		11,820,000		7,866,860	(a)

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         43

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Chemicals - (continued)
Orbia Advance Corp. SAB de CV, Senior Notes		1.875	%		5/11/26		24,740,000	$	22,080,671	(a)
Orbia Advance Corp. SAB de CV, Senior Notes		2.875	%		5/11/31		25,600,000		19,942,889	(a)
Total Chemicals									86,081,574
Containers & Packaging - 0.0%††
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC, Senior Notes		4.000	%		9/1/29		780,000		611,462	(a)
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc., Senior Notes		5.250	%		8/15/27		610,000		509,850	(a)
Ball Corp., Senior Notes		3.125	%		9/15/31		12,830,000		10,065,615
Total Containers & Packaging									11,186,927
Metals & Mining - 0.8%
Anglo American Capital PLC, Senior Notes		3.625	%		9/11/24		3,400,000		3,318,253	(a)
Anglo American Capital PLC, Senior Notes		4.750	%		4/10/27		9,785,000		9,383,603	(a)
Anglo American Capital PLC, Senior Notes		4.000	%		9/11/27		13,125,000		12,265,048	(a)
ArcelorMittal SA, Senior Notes		7.000	%		10/15/39		3,490,000		3,503,388
Barrick North America Finance LLC, Senior Notes		5.700	%		5/30/41		8,454,000		8,111,755
Barrick North America Finance LLC, Senior Notes		5.750	%		5/1/43		8,260,000		7,966,463
BHP Billiton Finance USA Ltd., Senior Notes		5.000	%		9/30/43		7,630,000		6,894,670
First Quantum Minerals Ltd., Senior Notes		8.625	%		6/1/31		5,040,000		5,022,016	(a)
Freeport-McMoRan Inc., Senior Notes		4.550	%		11/14/24		130,000		127,764
Freeport-McMoRan Inc., Senior Notes		4.625	%		8/1/30		5,720,000		5,160,939
Freeport-McMoRan Inc., Senior Notes		5.450	%		3/15/43		26,172,000		22,348,276
Glencore Finance Canada Ltd., Senior Notes		6.000	%		11/15/41		2,120,000		1,960,632	(a)
Glencore Funding LLC, Senior Notes		4.125	%		3/12/24		30,538,000		30,280,492	(a)

See Notes to Schedule of Investments.

    44     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Metals & Mining - (continued)
Glencore Funding LLC, Senior Notes		4.000	%		3/27/27		9,420,000	$	8,848,217	(a)
Southern Copper Corp., Senior Notes		5.250	%		11/8/42		29,700,000		25,702,929
Teck Resources Ltd., Senior Notes		3.900	%		7/15/30		5,000,000		4,350,253
Teck Resources Ltd., Senior Notes		6.000	%		8/15/40		641,000		574,390
Vale Overseas Ltd., Senior Notes		6.250	%		8/10/26		6,600,000		6,716,259
Vale Overseas Ltd., Senior Notes		6.875	%		11/21/36		6,581,000		6,627,468
Yamana Gold Inc., Senior Notes		4.625	%		12/15/27		10,350,000		9,724,186
Total Metals & Mining									178,887,001
Paper & Forest Products - 0.2%
Suzano Austria GmbH, Senior Notes		3.750	%		1/15/31		39,840,000		32,781,778
Suzano Austria GmbH, Senior Notes		3.125	%		1/15/32		9,870,000		7,589,551
Total Paper & Forest Products									40,371,329
TOTAL MATERIALS									316,526,831
REAL ESTATE - 0.1%
Diversified REITs - 0.0%††
VICI Properties LP/VICI Note Co. Inc., Senior Notes		4.500	%		1/15/28		340,000		310,634	(a)
Health Care REITs - 0.0%††
CTR Partnership LP/CareTrust Capital Corp., Senior Notes		3.875	%		6/30/28		3,294,000		2,820,221	(a)
Retail REITs - 0.1%
WEA Finance LLC/Westfield UK & Europe Finance PLC, Senior Notes		3.750	%		9/17/24		23,980,000		23,073,777	(a)
WEA Finance LLC/Westfield UK & Europe Finance PLC, Senior Notes		4.750	%		9/17/44		600,000		384,770	(a)
Total Retail REITs									23,458,547
TOTAL REAL ESTATE									26,589,402
UTILITIES - 0.4%
Electric Utilities - 0.3%
American Transmission Systems Inc., Senior Notes		2.650	%		1/15/32		6,040,000		4,780,309	(a)
Duke Energy Carolinas LLC, First Mortgage Bonds		5.300	%		2/15/40		3,000,000		2,783,570
Duke Energy Ohio Inc., First Mortgage Bonds		3.650	%		2/1/29		7,740,000		7,107,603
Exelon Corp., Senior Notes		5.625	%		6/15/35		5,126,000		4,939,803

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         45

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Electric Utilities - (continued)
FirstEnergy Corp., Senior Notes		1.600	%		1/15/26		5,780,000	$	5,203,382
FirstEnergy Corp., Senior Notes		4.150	%		7/15/27		15,802,000		14,701,006
FirstEnergy Corp., Senior Notes		5.100	%		7/15/47		10,344,000		8,790,879
Pacific Gas and Electric Co., First Mortgage Bonds		2.100	%		8/1/27		6,640,000		5,681,703
Pacific Gas and Electric Co., First Mortgage Bonds		2.500	%		2/1/31		8,320,000		6,335,686
Pacific Gas and Electric Co., First Mortgage Bonds		3.300	%		8/1/40		1,720,000		1,103,381
Pacific Gas and Electric Co., First Mortgage Bonds		3.500	%		8/1/50		4,040,000		2,409,822
Progress Energy Inc., Senior Notes		6.000	%		12/1/39		4,800,000		4,652,460
Total Electric Utilities									68,489,604
Multi-Utilities - 0.1%
Consolidated Edison Co. of New York Inc., Senior Notes		3.350	%		4/1/30		5,400,000		4,745,641
Consolidated Edison Co. of New York Inc., Senior Notes		3.950	%		4/1/50		4,490,000		3,324,282
Dominion Energy Inc., Senior Notes		7.000	%		6/15/38		3,600,000		3,761,675
Total Multi-Utilities									11,831,598
TOTAL UTILITIES									80,321,202
TOTAL CORPORATE BONDS & NOTES (Cost - $10,466,485,489)									9,025,556,837
MORTGAGE-BACKED SECURITIES - 33.4%
FHLMC - 8.4%
Federal Home Loan Mortgage Corp. (FHLMC)		5.000	%		5/1/24-6/1/53		112,644,761		106,662,827
Federal Home Loan Mortgage Corp. (FHLMC)		3.650	%		10/1/29		11,800,000		10,854,933
Federal Home Loan Mortgage Corp. (FHLMC)		4.600	%		2/1/30		6,285,000		5,974,429
Federal Home Loan Mortgage Corp. (FHLMC)		3.000	%		9/1/32-4/1/52		63,955,849		53,954,894
Federal Home Loan Mortgage Corp. (FHLMC)		4.000	%		9/1/32-7/1/52		132,018,562		119,562,343
Federal Home Loan Mortgage Corp. (FHLMC)		3.500	%		8/1/33-6/1/52		105,823,866		92,006,968
Federal Home Loan Mortgage Corp. (FHLMC)		6.000	%		8/1/36-3/1/53		21,950,258		21,731,363

See Notes to Schedule of Investments.

    46     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
FHLMC - (continued)
Federal Home Loan Mortgage Corp. (FHLMC)		5.500	%		12/1/38-7/1/53		117,479,302	$	113,821,226
Federal Home Loan Mortgage Corp. (FHLMC)		2.000	%		10/1/40-2/1/52		668,699,731		522,703,734
Federal Home Loan Mortgage Corp. (FHLMC)		1.500	%		11/1/40-2/1/51		157,561,123		121,583,777
Federal Home Loan Mortgage Corp. (FHLMC)		2.500	%		4/1/41-4/1/52		502,188,706		404,346,928
Federal Home Loan Mortgage Corp. (FHLMC)		4.500	%		3/1/47-12/1/52		115,045,358		106,706,706
Federal Home Loan Mortgage Corp. (FHLMC)		6.500	%		1/1/53-5/1/53		51,057,734		51,583,103
Federal Home Loan Mortgage Corp. (FHLMC)		5.000	%		5/1/53		3,133,614		2,960,240	(d)
Federal Home Loan Mortgage Corp. (FHLMC) (1 year Refinitiv USD IBOR Consumer Cash Fallbacks + 1.619%)		2.871	%		11/1/47		14,482,543		13,712,701	(c)
Federal Home Loan Mortgage Corp. (FHLMC) (1 year Refinitiv USD IBOR Consumer Cash Fallbacks + 1.621%)		3.097	%		2/1/50		20,035,782		18,894,601	(c)
Federal Home Loan Mortgage Corp. (FHLMC) (1 year Refinitiv USD IBOR Consumer Cash Fallbacks + 1.628%)		3.005	%		11/1/48		40,741,259		37,804,194	(c)
Federal Home Loan Mortgage Corp. (FHLMC) (5 year Treasury Constant Maturity Rate + 1.285%)		2.105	%		3/1/47		2,933,081		2,763,400	(c)
Federal Home Loan Mortgage Corp. (FHLMC) Gold		5.000	%		3/1/24-4/1/44		799,426		774,877
Federal Home Loan Mortgage Corp. (FHLMC) Gold		6.500	%		7/1/29-9/1/39		1,077,402		1,103,520
Federal Home Loan Mortgage Corp. (FHLMC) Gold		7.000	%		4/1/32-3/1/39		269,737		283,854
Federal Home Loan Mortgage Corp. (FHLMC) Gold		3.500	%		8/1/33-3/1/45		11,285,685		10,096,742
Federal Home Loan Mortgage Corp. (FHLMC) Gold		5.500	%		11/1/35		1,759		1,709
Federal Home Loan Mortgage Corp. (FHLMC) Gold		6.000	%		11/1/36		6,335		6,453

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         47

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
FHLMC - (continued)
Federal Home Loan Mortgage Corp. (FHLMC) Gold		3.000	%		2/1/38-9/1/48		57,227,415	$	48,773,277
Federal Home Loan Mortgage Corp. (FHLMC) Gold		4.000	%		10/1/42-8/1/47		20,262,410		18,559,109
Federal Home Loan Mortgage Corp. (FHLMC) Gold		4.500	%		11/1/44-6/1/47		2,781,139		2,611,797
Total FHLMC									1,889,839,705
FNMA - 16.8%
Federal National Mortgage Association (FNMA)		4.500	%		11/1/23-8/1/58		193,608,262		180,491,442
Federal National Mortgage Association (FNMA)		2.810	%		4/1/25		3,170,000		3,040,231
Federal National Mortgage Association (FNMA)		4.830	%		9/1/28		8,900,000		8,769,133
Federal National Mortgage Association (FNMA)		4.860	%		9/1/28		3,700,000		3,650,338
Federal National Mortgage Association (FNMA)		5.340	%		9/1/28		3,100,000		3,124,434
Federal National Mortgage Association (FNMA)		5.050	%		10/1/28		6,689,000		6,608,523	(e)(i)
Federal National Mortgage Association (FNMA)		5.130	%		10/1/28		5,347,000		5,324,651	(e)(i)
Federal National Mortgage Association (FNMA)		5.430	%		11/1/28		972,000		977,809	(i)
Federal National Mortgage Association (FNMA)		3.200	%		2/1/29		265,837		242,697
Federal National Mortgage Association (FNMA)		6.500	%		2/1/29-2/1/53		40,952,655		41,513,869
Federal National Mortgage Association (FNMA)		3.450	%		3/1/29		604,924		557,618
Federal National Mortgage Association (FNMA)		3.160	%		5/1/29		5,848,422		5,272,175
Federal National Mortgage Association (FNMA)		3.250	%		5/1/29		674,214		613,838
Federal National Mortgage Association (FNMA)		6.000	%		5/1/29-7/1/53		71,889,046		71,545,599
Federal National Mortgage Association (FNMA)		7.000	%		8/1/29-2/1/39		1,461,724		1,513,317
Federal National Mortgage Association (FNMA)		7.500	%		11/1/29		780		800

See Notes to Schedule of Investments.

    48     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
FNMA - (continued)
Federal National Mortgage Association (FNMA)		2.930	%		6/1/30		1,115,166	$	982,560
Federal National Mortgage Association (FNMA)		4.740	%		6/1/30		5,765,000		5,532,517
Federal National Mortgage Association (FNMA)		2.149	%		2/1/32		2,944,259		2,349,392	(c)
Federal National Mortgage Association (FNMA)		3.345	%		6/1/32		2,332,000		2,029,517
Federal National Mortgage Association (FNMA)		3.520	%		6/1/32		1,380,000		1,220,797
Federal National Mortgage Association (FNMA)		3.670	%		6/1/32		1,187,245		1,067,469
Federal National Mortgage Association (FNMA)		3.730	%		6/1/32		1,654,851		1,492,929
Federal National Mortgage Association (FNMA)		3.900	%		6/1/32-8/1/32		5,164,000		4,613,645
Federal National Mortgage Association (FNMA)		3.560	%		7/1/32		3,380,000		2,992,498
Federal National Mortgage Association (FNMA)		3.830	%		7/1/32		1,375,084		1,244,929
Federal National Mortgage Association (FNMA)		3.840	%		7/1/32		2,937,000		2,654,322
Federal National Mortgage Association (FNMA)		3.860	%		7/1/32		381,246		347,357
Federal National Mortgage Association (FNMA)		3.880	%		7/1/32		1,967,349		1,794,477
Federal National Mortgage Association (FNMA)		3.890	%		7/1/32		24,932,000		22,253,015
Federal National Mortgage Association (FNMA)		4.060	%		7/1/32		6,831,158		6,188,043
Federal National Mortgage Association (FNMA)		4.110	%		7/1/32		469,000		432,590
Federal National Mortgage Association (FNMA)		4.130	%		7/1/32		1,200,000		1,104,657
Federal National Mortgage Association (FNMA)		4.185	%		7/1/32		1,601,152		1,491,338
Federal National Mortgage Association (FNMA)		3.850	%		8/1/32		5,840,000		5,188,521
Federal National Mortgage Association (FNMA)		3.980	%		10/1/32		16,299,000		14,610,003

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         49

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
FNMA - (continued)
Federal National Mortgage Association (FNMA)		4.580	%		1/1/33		500,000	$	475,796
Federal National Mortgage Association (FNMA)		4.690	%		1/1/33		698,312		670,792
Federal National Mortgage Association (FNMA)		4.840	%		1/1/33		600,000		582,685
Federal National Mortgage Association (FNMA)		5.080	%		1/1/33		100,000		98,803
Federal National Mortgage Association (FNMA)		4.360	%		2/1/33		2,100,000		1,962,427
Federal National Mortgage Association (FNMA)		4.870	%		3/1/33		300,000		291,713
Federal National Mortgage Association (FNMA)		4.420	%		4/1/33		1,931,769		1,809,509
Federal National Mortgage Association (FNMA)		3.310	%		5/1/33		621,593		546,470
Federal National Mortgage Association (FNMA)		4.680	%		7/1/33		700,000		670,892
Federal National Mortgage Association (FNMA)		5.350	%		7/1/33		400,000		403,126
Federal National Mortgage Association (FNMA)		3.500	%		9/1/33-6/1/52		463,455,258		405,837,834
Federal National Mortgage Association (FNMA)		5.000	%		10/1/33-5/1/53		88,594,297		84,529,478
Federal National Mortgage Association (FNMA)		5.800	%		10/1/33		800,000		826,000	(e)(i)
Federal National Mortgage Association (FNMA)		5.140	%		11/1/33		9,827,000		9,770,955	(e)(i)
Federal National Mortgage Association (FNMA)		3.000	%		7/1/35-6/1/52		693,072,504		589,600,894
Federal National Mortgage Association (FNMA)		5.500	%		11/1/36-9/1/56		56,644,542		55,459,572
Federal National Mortgage Association (FNMA)		2.500	%		3/1/38-9/1/61		729,155,836		586,356,556
Federal National Mortgage Association (FNMA)		2.000	%		8/1/40-3/1/52		700,912,320		542,271,715
Federal National Mortgage Association (FNMA)		1.500	%		1/1/42-3/1/51		60,027,275		43,645,720
Federal National Mortgage Association (FNMA)		4.000	%		4/1/42-6/1/57		392,209,441		353,759,034

See Notes to Schedule of Investments.

    50     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
FNMA - (continued)
Federal National Mortgage Association (FNMA)		3.000	%		11/1/50-11/1/51		57,739,089	$	48,617,530	(d)
Federal National Mortgage Association (FNMA)		2.000	%		10/1/53		48,500,000		36,901,679	(i)
Federal National Mortgage Association (FNMA)		2.500	%		10/1/53		36,900,000		29,293,637	(i)
Federal National Mortgage Association (FNMA)		3.500	%		10/1/53		8,900,000		7,654,695	(i)
Federal National Mortgage Association (FNMA)		4.000	%		10/1/53		28,000,000		24,930,937	(i)
Federal National Mortgage Association (FNMA)		4.500	%		10/1/53		19,500,000		17,904,961	(i)
Federal National Mortgage Association (FNMA)		5.000	%		10/1/53		53,000,000		50,006,328	(i)
Federal National Mortgage Association (FNMA)		5.500	%		10/1/53		193,000,000		186,523,943	(i)
Federal National Mortgage Association (FNMA)		6.000	%		10/1/53		211,900,000		209,135,369	(i)
Federal National Mortgage Association (FNMA)		6.500	%		10/1/53		108,100,000		108,598,274	(i)
Federal National Mortgage Association (FNMA) (Federal Reserve U.S. 12 mo. Cumulative Avg 1 Year CMT + 1.810%)		6.237	%		11/1/35		6,744		6,566	(c)
Total FNMA									3,811,980,940
GNMA - 8.2%
Government National Mortgage Association (GNMA)		6.500	%		4/15/28-1/15/39		1,001,615		1,016,411
Government National Mortgage Association (GNMA)		7.000	%		8/15/28-7/15/31		16,432		16,948
Government National Mortgage Association (GNMA)		6.000	%		1/15/29-2/15/37		3,070,438		3,073,931
Government National Mortgage Association (GNMA)		7.500	%		12/15/30-9/15/31		4,536		4,519
Government National Mortgage Association (GNMA)		8.000	%		12/15/30		6,527		6,529
Government National Mortgage Association (GNMA)		5.500	%		7/15/33-6/15/36		2,284,486		2,264,612
Government National Mortgage Association (GNMA)		3.000	%		9/15/42-11/15/42		23,525,457		20,403,094

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         51

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
GNMA - (continued)
Government National Mortgage Association (GNMA)		4.000	%		4/15/47-3/15/50		20,076,678	$	18,458,711
Government National Mortgage Association (GNMA)		3.500	%		6/15/48-5/15/50		7,800,937		6,986,692
Government National Mortgage Association (GNMA) II		5.000	%		4/20/35-6/20/53		145,321,605		139,035,750
Government National Mortgage Association (GNMA) II		6.500	%		10/20/37		747,740		779,429
Government National Mortgage Association (GNMA) II		6.000	%		9/20/38-11/20/41		1,620,511		1,681,786
Government National Mortgage Association (GNMA) II		4.500	%		1/20/40-9/20/52		183,765,648		171,981,405
Government National Mortgage Association (GNMA) II		3.500	%		6/20/44-12/20/52		239,226,397		210,838,118
Government National Mortgage Association (GNMA) II		4.000	%		3/20/45-6/20/52		138,873,335		126,905,380
Government National Mortgage Association (GNMA) II		3.000	%		1/20/46-4/20/53		452,715,496		383,912,698
Government National Mortgage Association (GNMA) II		2.500	%		8/20/50-12/20/52		241,926,938		195,840,503
Government National Mortgage Association (GNMA) II		2.000	%		2/20/51		41,592,089		33,009,524
Government National Mortgage Association (GNMA) II		5.500	%		11/20/52-2/20/53		35,819,538		34,809,429
Government National Mortgage Association (GNMA) II		2.000	%		10/20/53		12,100,000		9,567,980	(i)
Government National Mortgage Association (GNMA) II		2.500	%		10/20/53		16,200,000		13,242,840	(i)
Government National Mortgage Association (GNMA) II		3.000	%		10/20/53		9,800,000		8,307,031	(i)
Government National Mortgage Association (GNMA) II		3.500	%		10/20/53		22,100,000		19,359,945	(i)
Government National Mortgage Association (GNMA) II		4.000	%		10/20/53		24,300,000		21,895,629	(i)
Government National Mortgage Association (GNMA) II		4.500	%		10/20/53		28,500,000		26,330,215	(i)
Government National Mortgage Association (GNMA) II		5.000	%		10/20/53		131,600,000		124,711,564	(i)
Government National Mortgage Association (GNMA) II		5.500	%		10/20/53		139,000,000		134,895,155	(i)

See Notes to Schedule of Investments.

    52     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
GNMA - (continued)
Government National Mortgage Association (GNMA) II		6.000	%		10/20/53		145,200,000	$	143,884,126	(i)
Government National Mortgage Association (GNMA) II		6.500	%		10/20/53		4,500,000		4,525,664	(i)
Total GNMA									1,857,745,618
TOTAL MORTGAGE-BACKED SECURITIES (COST - $8,328,927,568)									7,559,566,263
COLLATERALIZED MORTGAGE OBLIGATIONS(j) - 12.6%
245 Park Avenue Trust, 2017-245P A		3.508	%		6/5/37		16,160,000		14,290,962	(a)
Alternative Loan Trust, 2006-6CB 1A4		5.500	%		5/25/36		2,684,078		2,153,791
Alternative Loan Trust, 2006-18CB A6 (-4.000 x 1 mo. Term SOFR + 28.142%)		6.863	%		7/25/36		4,620,771		3,288,910	(c)
Alternative Loan Trust, 2006-23CB 2A6, PAC (-4.000 x 1 mo. Term SOFR + 27.942%)		6.663	%		8/25/36		2,371,652		1,052,850	(c)
Alternative Loan Trust, 2006-43CB 1A10		6.000	%		2/25/37		3,513,758		1,889,811
Alternative Loan Trust, 2006-43CB 3A3, IO (-1.000 x 1 mo. Term SOFR + 6.516%)		1.196	%		2/25/37		10,514,678		976,176	(c)
Alternative Loan Trust, 2006-OA9 2A1B (1 mo. Term SOFR + 0.314%)		5.639	%		7/20/46		223,596		177,172	(c)
Angel Oak Mortgage Trust, 2023-1 A1		4.750	%		9/26/67		34,193,972		32,704,537	(a)
Angel Oak Mortgage Trust I LLC, 2019-2 B1		5.016	%		3/25/49		11,000,000		10,610,828	(a)(c)
Banc of America Funding Trust, 2015-R2 3A2 (1 mo. USD LIBOR + 0.260%)		5.694	%		4/29/37		8,100,726		7,954,889	(a)(c)
BANK, 2020-BN29 C		3.135	%		11/15/53		2,500,000		1,655,748	(c)
BANK, 2023-5YR1 A2		5.779	%		4/15/56		18,300,000		18,043,641
BBCCRE Trust, 2015-GTP E		4.715	%		8/10/33		33,260,000		24,746,045	(a)(c)
BBCMS Trust, 2018-CBM D (1 mo. Term SOFR + 2.688%)		8.021	%		7/15/37		16,390,000		15,255,596	(a)(c)
BCAP LLC Trust, 2010-RR9 6A2		6.000	%		10/26/35		7,851,104		5,863,527	(a)(c)
Bear Stearns Asset Backed Securities Trust, 2004-AC6 A1		5.750	%		11/25/34		1,677,285		1,390,261

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         53

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(j) - (continued)
Bear Stearns Asset Backed Securities Trust, 2006-AC4 A2 (-4.333 x 1 mo. Term SOFR + 35.754%)		12.704	%		7/25/36		1,391,736	$	1,489,397	(c)
Bear Stearns Mortgage Funding Trust, 2007-AR2 A1 (1 mo. Term SOFR + 0.454%)		5.774	%		3/25/37		7,609,037		6,981,467	(c)
Benchmark Mortgage Trust, 2019- B12 WMA		4.388	%		8/15/52		5,000,000		3,620,872	(a)(c)
Benchmark Mortgage Trust, 2023-V3 A3		6.363	%		7/15/56		30,000,000		30,366,336	(c)
Benchmark Mortgage Trust, 2020- IG1 AS		2.909	%		9/15/43		28,980,000		21,883,995	(c)
Benchmark Mortgage Trust, 2023-V2 A3		5.812	%		5/15/55		20,000,000		19,752,442	(c)
BHMS Mortgage Trust, 2018-MZB (1 mo. Term SOFR + 6.934%)		12.266	%		7/15/25		93,060,000		83,392,834	(a)(c)
BIG Commercial Mortgage Trust, 2022-BIG F (1 mo. Term SOFR + 5.436%)		10.768	%		2/15/39		13,160,000		12,533,837	(a)(c)
BPR Trust, 2022-OANA A (1 mo. Term SOFR + 1.898%)		7.230	%		4/15/37		9,650,000		9,493,582	(a)(c)
BX Commercial Mortgage Trust, 2019-XL A (1 mo. Term SOFR + 1.034%)		6.367	%		10/15/36		13,321,838		13,288,227	(a)(c)
BX Commercial Mortgage Trust, 2021-XL2 J (1 mo. Term SOFR + 4.004%)		9.336	%		10/15/38		7,819,302		7,400,454	(a)(c)
BX Commercial Mortgage Trust, 2022-LP2 G (1 mo. Term SOFR + 4.106%)		9.438	%		2/15/39		20,462,355		19,560,190	(a)(c)
BX Commercial Mortgage Trust, 2023-VLT2 A (1 mo. Term SOFR + 2.281%)		7.613	%		6/15/40		14,170,000		14,185,238	(a)(c)
BX Trust, 2022-PSB A (1 mo. Term SOFR + 2.451%)		7.783	%		8/15/39		27,323,023		27,349,662	(a)(c)
Chevy Chase Funding LLC Mortgage-Backed Certificates Series, 2005-4A A1 (1 mo. Term SOFR + 0.314%)		5.634	%		10/25/36		198,270		179,130	(a)(c)

See Notes to Schedule of Investments.

    54     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(j) - (continued)
Citigroup Commercial Mortgage Trust, 2014-GC25 AS		4.017	%		10/10/47		2,800,000	$	2,685,618
Citigroup Commercial Mortgage Trust, 2017-P7 B		4.137	%		4/14/50		9,194,000		7,860,206	(c)
Citigroup Mortgage Loan Trust Inc., 2005-5 1A5		3.228	%		8/25/35		34,765		27,509	(c)
Cold Storage Trust, 2020-ICE5 A (1 mo. Term SOFR + 1.014%)		6.347	%		11/15/37		103,715,330		102,748,392	(a)(c)
COLT Mortgage Loan Trust, 2022-6 A1		4.650	%		6/27/67		26,254,623		24,782,198	(a)
Commercial Mortgage Pass- Through Certificates, 2014-CR21 A3		3.528	%		12/10/47		486,173		471,785
Commercial Mortgage Pass- Through Certificates, 2015-DC1 C		4.438	%		2/10/48		3,070,000		2,556,394	(c)
Commercial Mortgage Trust, 2013-CR12 AM		4.300	%		10/10/46		1,723,000		1,511,290
Commercial Mortgage Trust, 2013-CR12 B		4.762	%		10/10/46		1,470,000		1,058,966	(c)
Commercial Mortgage Trust, 2013-CR12 C		5.112	%		10/10/46		730,000		274,230	(c)
Commercial Mortgage Trust, 2014-CR19 B		4.703	%		8/10/47		8,410,000		7,942,655	(c)
Commercial Mortgage Trust, 2014-CR21 C		4.564	%		12/10/47		11,948,000		11,041,336	(c)
Commercial Mortgage Trust, 2015-DC1 B		4.035	%		2/10/48		7,160,000		6,152,224	(c)
Commercial Mortgage Trust, 2020-CX A		2.173	%		11/10/46		15,770,000		12,045,523	(a)
Commercial Mortgage Trust, 2020-CX B		2.446	%		11/10/46		5,000,000		3,826,467	(a)
CSMC Trust, 2014-USA A2		3.953	%		9/15/37		12,520,000		10,719,232	(a)
CSMC Trust, 2014-USA E		4.373	%		9/15/37		13,470,000		7,237,916	(a)
CSMC Trust, 2015-2R 7A1		4.386	%		8/27/36		490,719		490,373	(a)(c)
CSMC Trust, 2017-CHOP G (PRIME + 2.294%)		10.794	%		7/15/32		23,400,000		21,516,433	(a)(c)
CSMC Trust, 2017-TIME A		3.646	%		11/13/39		21,200,000		17,703,331	(a)
CSMC Trust, 2018-J1 A2		3.500	%		2/25/48		32,561,800		28,036,097	(a)(c)
CSMC Trust, 2020-522F A (1 mo. Term SOFR + 3.853%)		9.186	%		9/16/25		47,520,000		31,546,831	(a)(c)

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         55

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(j) - (continued)
CSMC Trust, 2020-FACT F (1 mo. Term SOFR + 6.271%)		11.604	%		10/15/37		7,990,000	$	6,832,605	(a)(c)
CSMC Trust, 2020-RPL3 A1		2.691	%		3/25/60		148,472		145,752	(a)(c)
CSMC Trust, 2020-RPL6 A1		2.688	%		3/25/59		26,007,241		25,442,986	(a)(c)
CSMC Trust, 2021-4SZN A (1 mo. Term SOFR + 3.967%)		9.300	%		11/15/23		50,000,000		48,497,550	(a)(c)
CSMC Trust, 2021-RPL1 A1		1.668	%		9/27/60		12,003,891		11,106,586	(a)(c)
CSMC Trust, 2021-RPL2 A1		0.000	%		1/25/60		12,270,671		10,317,931	(a)
CSMC Trust, 2022-7R 1A1 (30 Day Average SOFR + 3.500%)		8.816	%		10/25/66		41,758,889		41,542,937	(a)(c)
CSMC Trust, 2022-CNTR A (1 mo. Term SOFR + 3.944%)		9.277	%		1/15/24		33,000,000		28,360,588	(a)(c)
CSMC Trust, 2022-MARK XCP, IO		0.064	%		6/15/39		131,200,000		16,813	(a)(c)
DBCG Mortgage Trust, 2017-BBG A		8.500	%		6/15/34		20,260,000		20,052,294	(a)(c)
Extended Stay America Trust, 2021-ESH A (1 mo. Term SOFR + 1.194%)		6.526	%		7/15/38		12,755,544		12,659,612	(a)(c)
Extended Stay America Trust, 2021-ESH E (1 mo. Term SOFR + 2.964%)		8.296	%		7/15/38		7,033,608		6,907,703	(a)(c)
Federal Home Loan Mortgage Corp. (FHLMC) Multiclass Certificates, 2020-RR02 BX, IO		1.666	%		8/27/28		15,503,008		1,021,276	(c)
Federal Home Loan Mortgage Corp. (FHLMC) Multiclass Certificates, 2020-RR07 AX, IO		2.468	%		9/27/28		34,072,000		3,336,262	(c)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily ML Certificates, 2020-ML07 XUS, IO		2.016	%		10/25/36		33,211,558		4,617,071	(a)(c)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily PC REMIC Trust, 2019-RR01 X, IO		1.534	%		6/25/28		22,500,000		1,305,746	(c)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K095 XAM, IO		1.374	%		6/25/29		6,300,000		374,851	(c)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K101 X1, IO		0.947	%		10/25/29		27,622,870		1,112,818	(c)

See Notes to Schedule of Investments.

    56     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(j) - (continued)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K104 XAM, IO		1.507	%		1/25/30		15,496,000	$	1,112,569	(c)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K106 X1, IO		1.477	%		1/25/30		48,329,044		3,232,000	(c)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K109 A2		1.558	%		4/25/30		2,700,000		2,165,845
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K110 X1, IO		1.813	%		4/25/30		36,499,406		3,019,972	(c)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K116 X1, IO		1.528	%		7/25/30		9,318,872		673,978	(c)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K123 X1, IO		0.863	%		12/25/30		31,006,103		1,306,916	(c)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K128 X1, IO		0.612	%		3/25/31		116,500,117		3,441,507	(c)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K130 X1, IO		1.143	%		6/25/31		20,963,175		1,280,724	(c)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K133 X1, IO		0.444	%		9/25/31		96,220,771		2,151,949	(c)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K137 X1, IO		0.298	%		11/25/31		15,017,728		189,898	(c)

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         57

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(j) - (continued)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K142 X1, IO		0.403	%		3/25/32		69,268,641	$	1,447,659	(c)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K143 X1, IO		0.450	%		4/25/55		6,992,291		170,788	(c)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K145 X1, IO		0.430	%		6/25/55		74,914,902		1,748,476	(c)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K146 X1, IO		0.352	%		6/25/54		103,480,292		1,895,924	(c)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K147 X1, IO		0.488	%		6/25/32		24,964,908		675,660	(c)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K149 X1, IO		0.403	%		8/25/32		295,253,928		6,344,918	(c)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K154 X1, IO		0.527	%		1/25/33		97,626,139		2,854,325	(c)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K155 X1, IO		0.421	%		4/25/33		177,935,426		4,110,931	(c)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K507 A2		4.800	%		9/25/28		4,100,000		4,028,344	(c)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K736 X1, IO		1.410	%		7/25/26		19,229,059		539,321	(c)

See Notes to Schedule of Investments.

    58     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(j) - (continued)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K737 X1, IO		0.746	%		10/25/26		42,646,282	$	635,442	(c)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K741 X1, IO		0.653	%		12/25/27		42,974,610		831,301	(c)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K742 X1, IO		0.867	%		3/25/28		20,434,381		469,758	(c)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K743 X1, IO		1.025	%		5/25/28		75,766,545		2,682,121	(c)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K750 A2		3.000	%		9/25/29		1,700,000		1,517,852
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K751 A2		4.412	%		3/25/30		4,430,000		4,238,366
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K131 X1, IO		0.830	%		7/25/31		59,161,023		2,621,366	(c)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K1517 X1, IO		1.436	%		7/25/35		18,217,102		1,859,804	(c)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K1520 X1, IO		0.578	%		2/25/36		12,955,082		487,929	(c)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, K-157 X1, IO		0.419	%		5/25/33		62,999,056		1,445,129	(c)

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         59

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(j) - (continued)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily Structured Pass-Through Certificates, KC05 X1, IO		1.365	%		6/25/27		11,557,190	$	290,180	(c)
Federal Home Loan Mortgage Corp. (FHLMC) Multifamily WI Certificates, K160 A2		4.500	%		12/25/33		7,700,000		7,222,812	(a)
Federal Home Loan Mortgage Corp. (FHLMC) Reference REMIC, R007 ZA		6.000	%		5/15/36		3,025,326		3,074,404
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 2957 ZA, PAC		5.000	%		3/15/35		4,720,915		4,638,391
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 3242 SC, IO (-1.000 x 30 Day Average SOFR + 6.176%)		0.862	%		11/15/36		562,383		38,962	(c)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 3281 AI, IO (-1.000 x 30 Day Average SOFR + 6.316%)		1.002	%		2/15/37		3,054,875		222,750	(c)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 3368 AI, IO (-1.000 x 30 Day Average SOFR + 5.916%)		0.602	%		9/15/37		901,147		55,172	(c)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 3422 AI, IO, Step bond (4.650% to 6/1/26 then 5.650%)		0.250	%		1/15/38		330,689		2,963
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 3621 SB, IO (-1.000 x 30 Day Average SOFR + 6.116%)		0.802	%		1/15/40		1,176,674		83,734	(c)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 3639 EY		5.000	%		2/15/30		1,556,301		1,539,148
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 3947 SG, IO (-1.000 x 30 Day Average SOFR + 5.836%)		0.522	%		10/15/41		2,046,108		140,774	(c)

See Notes to Schedule of Investments.

    60     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(j) - (continued)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 3973 SA, IO (-1.000 x 30 Day Average SOFR + 6.376%)		1.062	%		12/15/41		2,124,114	$	191,785	(c)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 4054 SA, IO (-1.000 x 30 Day Average SOFR + 5.936%)		0.622	%		8/15/39		1,555,885		95,577	(c)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 4099 ST, IO (-1.000 x 30 Day Average SOFR + 5.886%)		0.572	%		8/15/42		585,726		48,834	(c)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 4119 IN, IO		3.500	%		10/15/32		1,464,909		141,240
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 4146 DI, IO		3.000	%		12/15/31		1,009,674		48,281
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 4203 PS, IO, PAC (-1.000 x 30 Day Average SOFR + 6.136%)		0.822	%		9/15/42		1,055,552		70,264	(c)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 4239 IO, IO		3.500	%		6/15/27		596,005		19,980
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 4298 PI, IO, PAC		4.000	%		4/15/43		151,197		4,977
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 4391 MZ		3.000	%		9/15/44		9,952,376		8,235,513
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 4415 IO, IO		0.000	%		4/15/41		2,072,626		89,290	(c)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 4793 CB		3.000	%		5/15/48		7,758,260		6,719,359
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 4793 CD		3.000	%		6/15/48		5,295,750		4,550,846
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 4813 CJ		3.000	%		8/15/48		4,240,911		3,601,415
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 4991 QV		2.000	%		9/25/45		7,369,355		5,676,498
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5010 IK, IO		2.500	%		9/25/50		8,130,432		1,224,783
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5010 JI, IO		2.500	%		9/25/50		22,425,343		3,450,099

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         61

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(j) - (continued)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5013 IN, IO		2.500	%		9/25/50		9,120,452	$	1,438,842
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5018 MI, IO		2.000	%		10/25/50		17,252,786		2,271,780
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5040 IB, IO		2.500	%		11/25/50		5,300,751		916,698
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5059 IB, IO		2.500	%		1/25/51		26,951,711		4,258,103
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5069 MI, IO		2.500	%		2/25/51		6,367,895		924,101
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5085 NI, IO		2.000	%		3/25/51		9,595,433		1,109,973
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5092 AP, PAC		2.000	%		4/25/41		10,493,553		8,769,614
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5140 NI, IO		2.500	%		5/25/49		32,684,458		4,685,310
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5148 BI, IO		2.500	%		1/25/49		6,256,170		874,739
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5148 CI, IO		2.000	%		6/25/49		3,104,281		347,176
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5202 IN, IO		3.000	%		1/25/47		5,493,630		743,420
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5224 HL, PAC		4.000	%		4/25/52		13,209,410		11,270,118
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5230 PE		2.000	%		12/25/51		8,600,000		6,340,712
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5274 IO, IO		2.500	%		1/25/51		20,671,186		3,338,659
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, Structured Agency Credit Risk Debt Notes, 2020-DNA5 B1 (30 Day Average SOFR + 4.800%)		10.115	%		10/25/50		18,832,000		20,524,959	(a)(c)

See Notes to Schedule of Investments.

    62     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(j) - (continued)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, Structured Agency Credit Risk Debt Notes, 2020-DNA5 M2 (30 Day Average SOFR + 2.800%)		8.115	%		10/25/50		12,946,258	$	13,076,337	(a)(c)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, Structured Agency Credit Risk Debt Notes, 2020-DNA6 M2 (30 Day Average SOFR + 2.000%)		7.315	%		12/25/50		24,655,484		24,860,151	(a)(c)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, Structured Agency Credit Risk Debt Notes, 2021-DNA1 M2 (30 Day Average SOFR + 1.800%)		7.115	%		1/25/51		24,199,065		24,129,723	(a)(c)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, Structured Agency Credit Risk Debt Notes, 2021-DNA5 B1 (30 Day Average SOFR + 3.050%)		8.365	%		1/25/34		13,330,000		13,391,763	(a)(c)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, Structured Agency Credit Risk Debt Notes, 2022-DNA2 M1B (30 Day Average SOFR + 2.400%)		7.715	%		2/25/42		32,190,000		32,414,590	(a)(c)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, Structured Agency Credit Risk Debt Notes, 2022-DNA6 M1B (30 Day Average SOFR + 3.700%)		9.015	%		9/25/42		5,000,000		5,249,751	(a)(c)
Federal Home Loan Mortgage Corp. (FHLMC) Seasoned Credit Risk Transfer Trust, 2017-2 M1		4.000	%		8/25/56		13,282,972		13,024,519	(a)(c)
Federal Home Loan Mortgage Corp. (FHLMC) STRIPS, 283 IO, IO		3.500	%		10/15/27		183,472		7,172
Federal Home Loan Mortgage Corp. (FHLMC) STRIPS, 328 S4, IO		0.000	%		2/15/38		456,974		22,648	(c)
Federal Home Loan Mortgage Corp. (FHLMC) STRIPS, 334 S7, IO (-1.000 x 30 Day Average SOFR + 5.986%)		0.672	%		8/15/44		3,776,251		311,849	(c)

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         63

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(j) - (continued)
Federal Home Loan Mortgage Corp. (FHLMC) STRIPS, 353 S1, IO (-1.000 x 30 Day Average SOFR + 5.886%)		0.572	%		12/15/46		9,775,016	$	764,109	(c)
Federal Home Loan Mortgage Corp. (FHLMC) Structured Agency Credit Risk Debt Notes, 2021-DNA2 B1 (30 Day Average SOFR + 3.400%)		8.715	%		8/25/33		13,640,000		14,019,020	(a)(c)
Federal Home Loan Mortgage Corp. (FHLMC) Structured Agency Credit Risk Debt Notes, 2021-DNA2 M2 (30 Day Average SOFR + 2.300%)		7.615	%		8/25/33		30,768,199		31,037,239	(a)(c)
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, Structured Agency Credit Risk Debt Notes, 2022-DNA5 M1B (30 Day Average SOFR + 4.500%)		9.815	%		6/25/42		33,000,000		35,493,506	(a)(c)
Federal National Mortgage Association (FNMA) — CAS, 2014-C03 1M2 (30 Day Average SOFR + 3.114%)		8.429	%		7/25/24		21,176,110		21,474,249	(c)
Federal National Mortgage Association (FNMA) — CAS, 2015-C03 1M2 (30 Day Average SOFR + 5.114%)		10.429	%		7/25/25		4,672,246		4,913,395	(a)(c)
Federal National Mortgage Association (FNMA) — CAS, 2017-C07 1B1 (30 Day Average SOFR + 4.114%)		9.429	%		5/25/30		12,183,000		13,104,291	(a)(c)
Federal National Mortgage Association (FNMA) — CAS, 2018-C01 1B1 (30 Day Average SOFR + 3.664%)		8.979	%		7/25/30		13,830,000		14,689,604	(a)(c)
Federal National Mortgage Association (FNMA) — CAS, 2018-C03 1B1 (30 Day Average SOFR + 3.864%)		9.179	%		10/25/30		21,245,000		22,859,119	(a)(c)

See Notes to Schedule of Investments.

    64     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(j) - (continued)
Federal National Mortgage Association (FNMA) — CAS, 2018-R07 1B1 (30 Day Average SOFR + 4.464%)		9.779	%		4/25/31		8,100,000	$	8,600,740	(a)(c)
Federal National Mortgage Association (FNMA) — CAS, 2019-R05 1B1 (30 Day Average SOFR + 4.214%)		9.529	%		7/25/39		4,142,741		4,284,416	(a)(c)
Federal National Mortgage Association (FNMA) — CAS, 2022-R07 1M1 (30 Day Average SOFR + 2.950%)		8.265	%		6/25/42		13,246,341		13,600,502	(a)(c)
Federal National Mortgage Association (FNMA) — CAS, 2022-R08 1M2 (30 Day Average SOFR + 3.600%)		8.915	%		7/25/42		3,000,000		3,093,257	(a)(c)
Federal National Mortgage Association (FNMA) ACES, 2013-M6 1AC		3.454	%		2/25/43		1,064,986		971,829	(c)
Federal National Mortgage Association (FNMA) ACES, 2017-M8 A2		3.061	%		5/25/27		3,036,123		2,823,818	(c)
Federal National Mortgage Association (FNMA) ACES, 2018-M9 APT2		3.209	%		4/25/28		1,773,259		1,635,882	(c)
Federal National Mortgage Association (FNMA) ACES, 2019-M4 A2		3.610	%		2/25/31		4,937,485		4,494,551
Federal National Mortgage Association (FNMA) ACES, 2019-M5 A2		3.273	%		2/25/29		9,750,942		8,956,053
Federal National Mortgage Association (FNMA) ACES, 2019-M6 A2		3.450	%		1/1/29		5,383,164		5,039,991
Federal National Mortgage Association (FNMA) ACES, 2019-M13 X1, IO		0.940	%		6/25/34		11,621,957		461,235	(c)
Federal National Mortgage Association (FNMA) ACES, 2019-M14 X1, IO		0.671	%		6/25/29		51,972,457		1,249,044	(c)

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         65

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(j) - (continued)
Federal National Mortgage Association (FNMA) ACES, 2019-M19 A2		2.560	%		9/25/29		6,076,234	$	5,341,579
Federal National Mortgage
Association (FNMA) ACES, 2019-M23 3A3		2.720	%		10/25/31		6,875,355		5,797,031	(c)
Federal National Mortgage Association (FNMA) ACES, 2019-M28 AV		2.232	%		2/25/27		10,361,779		9,609,944
Federal National Mortgage Association (FNMA) ACES, 2020-M6 A		2.500	%		10/25/37		3,297,792		2,742,188
Federal National Mortgage Association (FNMA) ACES, 2020-M36 X1, IO		1.540	%		9/25/34		39,674,349		2,504,673	(c)
Federal National Mortgage Association (FNMA) REMIC, 2005-88 IP, IO		0.483	%		10/25/35		1,149,322		66,173	(c)
Federal National Mortgage Association (FNMA) REMIC, 2006-28 IP, IO		0.729	%		3/25/36		680,365		35,278	(c)
Federal National Mortgage Association (FNMA) REMIC, 2006-59 IP, IO		1.299	%		7/25/36		1,617,778		140,305	(c)
Federal National Mortgage Association (FNMA) REMIC, 2006-118 IP1, IO		5.644	%		12/25/36		1,804,889		145,203	(c)
Federal National Mortgage Association (FNMA) REMIC, 2006-118 IP2, IO		5.644	%		12/25/36		2,120,064		131,526	(c)
Federal National Mortgage Association (FNMA) REMIC, 2010-27 AS, IO (-1.000 x 30 Day Average SOFR + 6.366%)		1.051	%		4/25/40		885,412		76,563	(c)
Federal National Mortgage Association (FNMA) REMIC, 2010- 123 PM, PAC		4.000	%		7/25/40		4,422,963		4,284,593
Federal National Mortgage Association (FNMA) REMIC, 2011-59 NZ		5.500	%		7/25/41		462,588		461,915

See Notes to Schedule of Investments.

    66     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(j) - (continued)
Federal National Mortgage Association (FNMA) REMIC, 2011-99 KS, IO (-1.000 x 30 Day Average SOFR + 6.586%)		1.271	%		10/25/26		175,149	$	2,678	(c)
Federal National Mortgage Association (FNMA) REMIC, 2012-28 B		6.500	%		6/25/39		125,839		126,746
Federal National Mortgage Association (FNMA) REMIC, 2012-35 SC, IO (-1.000 x 30 Day Average SOFR + 6.386%)		1.071	%		4/25/42		1,110,752		100,075	(c)
Federal National Mortgage Association (FNMA) REMIC, 2012-46 BA		6.000	%		5/25/42		1,768,048		1,794,779
Federal National Mortgage Association (FNMA) REMIC, 2012-51 B		7.000	%		5/25/42		2,559,974		2,696,052
Federal National Mortgage Association (FNMA) REMIC, 2012-74 OA, PO		0.000	%		3/25/42		155,693		136,630
Federal National Mortgage Association (FNMA) REMIC, 2012-74 SA, IO (-1.000 x 30 Day Average SOFR + 6.536%)		1.221	%		3/25/42		1,764,940		93,738	(c)
Federal National Mortgage Association (FNMA) REMIC, 2012-75 AO, PO		0.000	%		3/25/42		93,160		81,461
Federal National Mortgage Association (FNMA) REMIC, 2012-75 NS, IO (-1.000 x 30 Day Average SOFR + 6.486%)		1.171	%		7/25/42		203,769		18,715	(c)
Federal National Mortgage Association (FNMA) REMIC, 2012-93 UI, IO		3.000	%		9/25/27		312,847		11,578
Federal National Mortgage Association (FNMA) REMIC, 2012-101 BI, IO		4.000	%		9/25/27		176,124		3,701
Federal National Mortgage Association (FNMA) REMIC, 2012-118 VZ		3.000	%		11/25/42		9,897,031		8,624,079

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         67

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(j) - (continued)
Federal National Mortgage Association (FNMA) REMIC, 2012-133 CS, IO (-1.000 x 30 Day Average SOFR + 6.036%)		0.721	%		12/25/42		1,419,489	$	118,554	(c)
Federal National Mortgage Association (FNMA) REMIC, 2012-134 MS, IO (-1.000 x 30 Day Average SOFR + 6.036%)		0.721	%		12/25/42		1,096,796		96,776	(c)
Federal National Mortgage Association (FNMA) REMIC, 2012-134 SK, IO (-1.000 x 30 Day Average SOFR + 6.036%)		0.721	%		12/25/42		3,576,216		319,256	(c)
Federal National Mortgage Association (FNMA) REMIC, 2013-9 BC		6.500	%		7/25/42		2,445,001		2,537,257
Federal National Mortgage Association (FNMA) REMIC, 2013-9 CB		5.500	%		4/25/42		7,078,226		7,069,688
Federal National Mortgage Association (FNMA) REMIC, 2013-9 SA, IO (-1.000 x 30 Day Average SOFR + 6.036%)		0.721	%		3/25/42		1,919,975		79,100	(c)
Federal National Mortgage Association (FNMA) REMIC, 2013-14 IG, IO		4.000	%		3/25/43		2,062,201		347,074
Federal National Mortgage Association (FNMA) REMIC, 2013-26 HI, IO		3.000	%		4/25/32		115,797		4,435
Federal National Mortgage Association (FNMA) REMIC, 2013-29 QI, IO		4.000	%		4/25/43		2,076,509		360,394
Federal National Mortgage Association (FNMA) REMIC, 2013-54 BS, IO (-1.000 x 30 Day Average SOFR + 6.036%)		0.721	%		6/25/43		2,618,769		237,116	(c)
Federal National Mortgage Association (FNMA) REMIC, 2013-124 SB, IO (-1.000 x 30 Day Average SOFR + 5.836%)		0.521	%		12/25/43		5,789,697		469,103	(c)
Federal National Mortgage Association (FNMA) REMIC, 2014-6 Z		2.500	%		2/25/44		8,720,573		7,085,054

See Notes to Schedule of Investments.

    68     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(j) - (continued)
Federal National Mortgage Association (FNMA) REMIC, 2014-47 AI, IO		0.000	%		8/25/44		2,250,489	$	103,458	(c)
Federal National Mortgage Association (FNMA) REMIC, 2015-55 IO, IO		0.000	%		8/25/55		4,566,719		181,235	(c)
Federal National Mortgage Association (FNMA) REMIC, 2015-56 AS, IO (-1.000 x 30 Day Average SOFR + 6.036%)		0.721	%		8/25/45		1,556,612		138,725	(c)
Federal National Mortgage Association (FNMA) REMIC, 2015-65 CZ		3.500	%		9/25/45		7,994,772		6,285,091
Federal National Mortgage Association (FNMA) REMIC, 2016-23 ST, IO (-1.000 x 30 Day Average SOFR + 5.886%)		0.571	%		11/25/45		8,805,138		752,853	(c)
Federal National Mortgage Association (FNMA) REMIC, 2016-61 BS, IO (-1.000 x 30 Day Average SOFR + 5.986%)		0.671	%		9/25/46		3,874,127		216,632	(c)
Federal National Mortgage Association (FNMA) REMIC, 2017-76 SB, IO (-1.000 x 30 Day Average SOFR + 5.986%)		0.671	%		10/25/57		16,735,780		1,504,182	(c)
Federal National Mortgage Association (FNMA) REMIC, 2017-85 SC, IO (-1.000 x 30 Day Average SOFR + 6.086%)		0.771	%		11/25/47		5,481,936		390,360	(c)
Federal National Mortgage Association (FNMA) REMIC, 2020-47 GZ		2.000	%		7/25/50		13,765,607		7,357,490
Federal National Mortgage Association (FNMA) REMIC, 2020-56 AQ		2.000	%		8/25/50		27,754,501		20,351,823
Federal National Mortgage Association (FNMA) REMIC, 2020-56 DI, IO		2.500	%		8/25/50		9,429,945		1,466,247
Federal National Mortgage Association (FNMA) REMIC, 2020-57 TA		2.000	%		4/25/50		26,536,796		22,201,857

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         69

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(j) - (continued)
Federal National Mortgage Association (FNMA) REMIC, 2020-73 KI, IO		3.000	%		10/25/50		7,430,387	$	1,236,959
Federal National Mortgage Association (FNMA) REMIC, 2020-74 EI, IO		2.500	%		10/25/50		7,631,444		1,230,791
Federal National Mortgage Association (FNMA) REMIC, 2020-89 DI, IO		2.500	%		12/25/50		48,411,101		7,274,630
Federal National Mortgage Association (FNMA) REMIC, 2020-97 AI, IO		2.000	%		1/25/51		19,498,218		2,592,405
Federal National Mortgage Association (FNMA) REMIC, 2021-1 IG, IO		2.500	%		2/25/51		6,422,591		1,061,592
Federal National Mortgage Association (FNMA) REMIC, 2021-3 QI, IO		2.500	%		2/25/51		38,521,953		6,004,440
Federal National Mortgage Association (FNMA) REMIC, 2021-28 LB		2.000	%		4/25/51		8,164,985		6,456,750
Federal National Mortgage Association (FNMA) REMIC, 2021-43 IO, IO		2.500	%		6/25/51		41,372,637		6,277,627
Federal National Mortgage Association (FNMA) REMIC, 2021-44 MI, IO		2.500	%		7/25/51		13,250,104		2,252,269
Federal National Mortgage Association (FNMA) REMIC, 2021-65 JA		2.000	%		1/25/46		8,261,763		6,968,541
Federal National Mortgage Association (FNMA) REMIC, 2022-86 IO, IO		2.500	%		5/25/50		16,436,277		2,315,082
Federal National Mortgage Association (FNMA) STRIPS, 384 14, IO		5.500	%		1/25/40		254,444		47,194
Federal National Mortgage Association (FNMA) STRIPS, 427 C73, IO		3.000	%		12/25/48		51,890,809		8,367,090
Federal National Mortgage Association (FNMA) STRIPS, 390 C3, IO		6.000	%		7/25/38		479,479		103,529

See Notes to Schedule of Investments.

    70     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(j) - (continued)
Federal National Mortgage Association (FNMA) STRIPS, 407 22, IO		5.000	%		1/25/39		215,911	$	42,915
Federal National Mortgage Association (FNMA) STRIPS, 407 23, IO		5.000	%		1/25/39		112,094		22,310	(c)
Federal National Mortgage Association (FNMA) STRIPS, 407 27, IO		5.500	%		1/25/39		98,097		21,247	(c)
Federal National Mortgage Association (FNMA) STRIPS, 407 34, IO		5.000	%		1/25/38		145,441		23,747
Federal National Mortgage Association (FNMA) STRIPS, 407 41, IO		6.000	%		1/25/38		676,177		147,403
Federal National Mortgage Association (FNMA) STRIPS, 409 C1, IO		3.000	%		11/25/26		785,644		23,053
Federal National Mortgage Association (FNMA) STRIPS, 409 C2, IO		3.000	%		4/25/27		46,261		1,657
Federal National Mortgage Association (FNMA) STRIPS, 409 C13, IO		3.500	%		11/25/41		1,599,910		244,229
Federal National Mortgage Association (FNMA) STRIPS, 409 C18, IO		4.000	%		4/25/42		1,193,740		221,304
Federal National Mortgage Association (FNMA) STRIPS, 409 C22, IO		4.500	%		11/25/39		552,484		102,873
First Horizon Alternative Mortgage Securities Trust, 2007- FA3 A1 (1 mo. Term SOFR + 0.444%)		5.764	%		6/25/37		6,692,515		1,607,456	(c)
FREMF Mortgage Trust, 2019- K103 X2A, IO		0.100	%		12/25/51		685,544,636		3,194,501	(a)
Government National Mortgage Association (GNMA), 2006-16 GS, IO (-1.000 x 1 mo. Term SOFR + 6.876%)		1.551	%		4/20/36		298,216		30,065	(c)

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         71

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(j) - (continued)
Government National Mortgage Association (GNMA), 2007-51 SG, IO (-1.000 x 1 mo. Term SOFR + 6.466%)		1.141	%		8/20/37		1,197,268	$	34,305	(c)
Government National Mortgage Association (GNMA), 2010-42 BS, IO (-1.000 x 1 mo. Term SOFR + 6.366%)		1.041	%		4/20/40		179,873		16,652	(c)
Government National Mortgage Association (GNMA), 2010-85 HS, IO, PAC (-1.000 x 1 mo. Term SOFR + 6.536%)		1.211	%		1/20/40		14,781		77	(c)
Government National Mortgage Association (GNMA), 2010-116 MH		5.000	%		7/20/40		20,084,982		19,747,050
Government National Mortgage Association (GNMA), 2010-118 IO, IO		0.000	%		4/16/53		784,467		8	(c)
Government National Mortgage Association (GNMA), 2010-H10 FC (1 mo. Term SOFR + 1.114%)		6.443	%		5/20/60		182,980		183,296	(c)
Government National Mortgage Association (GNMA), 2010-H26 LF (1 mo. Term SOFR + 0.464%)		5.782	%		8/20/58		467,099		464,390	(c)
Government National Mortgage Association (GNMA), 2010-H27 FA (1 mo. Term SOFR + 0.494%)		5.812	%		12/20/60		163,744		162,779	(c)
Government National Mortgage Association (GNMA), 2010-H28 FE (1 mo. Term SOFR + 0.514%)		5.832	%		12/20/60		2,638,772		2,624,043	(c)
Government National Mortgage Association (GNMA), 2011-140 AI, IO		4.000	%		10/16/26		38,997		9
Government National Mortgage Association (GNMA), 2011-H06 FA (1 mo. Term SOFR + 0.564%)		5.882	%		2/20/61		810,780		806,609	(c)
Government National Mortgage Association (GNMA), 2011-H08 FG (1 mo. Term SOFR + 0.594%)		5.912	%		3/20/61		2,419,049		2,408,934	(c)
Government National Mortgage Association (GNMA), 2011-H09 AF (1 mo. Term SOFR + 0.614%)		5.932	%		3/20/61		1,719,684		1,713,005	(c)

See Notes to Schedule of Investments.

    72     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(j) - (continued)
Government National Mortgage Association (GNMA), 2012-34 SA, IO (-1.000 x 1 mo. Term SOFR + 5.936%)		0.611	%		3/20/42		823,249	$	69,974	(c)
Government National Mortgage Association (GNMA), 2012-81 AI, IO		3.500	%		4/20/27		112,663		806
Government National Mortgage Association (GNMA), 2012-98 SA, IO (-1.000 x 1 mo. Term SOFR + 5.986%)		0.655	%		8/16/42		1,407,701		114,274	(c)
Government National Mortgage Association (GNMA), 2012-152 IO, IO		0.611	%		1/16/54		21,439,874		436,900	(c)
Government National Mortgage Association (GNMA), 2013-50 IO, IO		0.061	%		10/16/48		21,788,764		29,942	(c)
Government National Mortgage Association (GNMA), 2013-72 IO, IO		0.570	%		11/16/47		7,860,467		112,219	(c)
Government National Mortgage Association (GNMA), 2013-107 AD		2.839	%		11/16/47		3,166,712		2,732,062	(c)
Government National Mortgage Association (GNMA), 2013-150 IA, IO		0.000	%		11/20/42		910,578		26,084	(c)
Government National Mortgage Association (GNMA), 2014-17 AM		3.537	%		6/16/48		235,538		218,612	(c)
Government National Mortgage Association (GNMA), 2014-160 EI, IO		4.000	%		7/16/26		658,024		13,468
Government National Mortgage Association (GNMA), 2014-176 IA, IO		4.000	%		11/20/44		297,461		53,328
Government National Mortgage Association (GNMA), 2016-21 ST, IO (-1.000 x 1 mo. Term SOFR + 6.036%)		0.711	%		2/20/46		11,658,052		1,101,643	(c)
Government National Mortgage Association (GNMA), 2016-84 IG, IO, PAC		4.500	%		11/16/45		2,203,349		436,417

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         73

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(j) - (continued)
Government National Mortgage Association (GNMA), 2016-135 SB, IO (-1.000 x 1 mo. Term SOFR + 5.986%)		0.655	%		10/16/46		4,716,587	$	522,904	(c)
Government National Mortgage Association (GNMA), 2016-H06 FD (1 mo. Term SOFR + 1.034%)		6.197	%		7/20/65		159,851		159,366	(c)
Government National Mortgage Association (GNMA), 2017-8 IO, IO		0.448	%		8/16/58		12,243,086		292,555	(c)
Government National Mortgage Association (GNMA), 2017-28 IO, IO		0.680	%		2/16/57		16,543,852		561,134	(c)
Government National Mortgage Association (GNMA), 2017-41 IO, IO		0.592	%		7/16/58		7,134,877		202,379	(c)
Government National Mortgage Association (GNMA), 2017-111 IO, IO		0.526	%		2/16/59		4,795,082		145,183	(c)
Government National Mortgage Association (GNMA), 2017-145 IO, IO		0.506	%		4/16/57		28,765,253		812,138	(c)
Government National Mortgage Association (GNMA), 2017-157 IO, IO		0.504	%		12/16/59		3,674,171		123,962	(c)
Government National Mortgage Association (GNMA), 2017-H15 KI, IO		0.834	%		7/20/67		19,848,877		943,316	(c)
Government National Mortgage Association (GNMA), 2017-H18 BI, IO		1.184	%		9/20/67		15,664,144		670,128	(c)
Government National Mortgage Association (GNMA), 2017-H20 IB, IO		0.342	%		10/20/67		7,965,419		256,871	(c)
Government National Mortgage Association (GNMA), 2017-H22 IC, IO		0.574	%		11/20/67		2,335,207		64,843	(c)
Government National Mortgage Association (GNMA), 2018-37 QA		2.750	%		3/20/48		2,946,127		2,524,732
Government National Mortgage Association (GNMA), 2018-H06 PF (1 mo. Term SOFR + 0.414%)		5.732	%		2/20/68		5,804,194		5,741,174	(c)

See Notes to Schedule of Investments.

    74     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(j) - (continued)
Government National Mortgage Association (GNMA), 2018-H07 FD (1 mo. Term SOFR + 0.414%)		5.732	%		5/20/68		10,818,985	$	10,794,715	(c)
Government National Mortgage Association (GNMA), 2018-H08 KF (1 mo. Term SOFR + 0.414%)		5.732	%		5/20/68		6,310,954		6,255,619	(c)
Government National Mortgage Association (GNMA), 2018-H13 FC (1 mo. Term SOFR + 0.414%)		5.732	%		7/20/68		4,323,298		4,281,696	(c)
Government National Mortgage Association (GNMA), 2018-H17 FG (12 mo. Term SOFR + 0.965%)		3.765	%		10/20/68		3,866,732		3,831,847	(c)
Government National Mortgage Association (GNMA), 2019-90 AB		3.000	%		7/20/49		3,839,324		3,291,559
Government National Mortgage Association (GNMA), 2020-173 MI, IO		2.500	%		11/20/50		23,793,643		3,104,992
Government National Mortgage Association (GNMA), 2020-47 MI, IO, PAC		3.500	%		4/20/50		15,165,460		2,595,434
Government National Mortgage Association (GNMA), 2020-47 NI, IO, PAC		3.500	%		4/20/50		5,394,544		899,648
Government National Mortgage Association (GNMA), 2020-103 AD		1.450	%		1/16/63		25,716,718		18,586,249
Government National Mortgage Association (GNMA), 2020-109 AI, IO		0.840	%		5/16/60		23,153,987		1,270,267	(c)
Government National Mortgage Association (GNMA), 2020-123 IL, IO, PAC		2.500	%		8/20/50		6,297,304		823,008
Government National Mortgage Association (GNMA), 2020-123 NI, IO		2.500	%		8/20/50		19,904,893		2,683,548
Government National Mortgage Association (GNMA), 2020-127 IN, IO		2.500	%		8/20/50		9,283,824		1,265,210
Government National Mortgage Association (GNMA), 2020-129 IE, IO		2.500	%		9/20/50		8,816,688		1,206,645

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         75

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(j) - (continued)
Government National Mortgage Association (GNMA), 2020-160 IH, IO		2.500	%		10/20/50		6,176,725	$	838,849
Government National Mortgage Association (GNMA), 2020-160 VI, IO		2.500	%		10/20/50		8,448,257		1,202,223
Government National Mortgage Association (GNMA), 2020-160 YI, IO		2.500	%		10/20/50		27,965,863		3,722,419
Government National Mortgage Association (GNMA), 2020-181 WI, IO		2.000	%		12/20/50		62,245,918		6,727,557
Government National Mortgage Association (GNMA), 2020-184, IO, IO		0.913	%		11/16/60		7,506,484		448,802	(c)
Government National Mortgage Association (GNMA), 2020-H09 FL (1 mo. Term SOFR + 1.264%)		4.849	%		5/20/70		17,878,772		17,756,671	(c)
Government National Mortgage Association (GNMA), 2020-H09 NF (1 mo. Term SOFR + 1.364%)		6.682	%		4/20/70		4,165,952		4,202,194	(c)
Government National Mortgage Association (GNMA), 2020-H12 F (1 mo. Term SOFR + 0.614%)		5.531	%		7/20/70		1,653,575		1,610,597	(c)
Government National Mortgage Association (GNMA), 2020-H13 FA (1 mo. Term SOFR + 0.564%)		5.000	%		7/20/70		5,844,136		5,662,230	(c)
Government National Mortgage Association (GNMA), 2020-H13 FC (1 mo. Term SOFR + 0.564%)		4.941	%		7/20/70		2,070,952		2,009,080	(c)
Government National Mortgage Association (GNMA), 2020-H13 FM (1 mo. Term SOFR + 0.514%)		5.832	%		8/20/70		42,379		41,852	(c)
Government National Mortgage Association (GNMA), 2021-14 AB		1.340	%		6/16/63		20,569,932		15,080,981
Government National Mortgage Association (GNMA), 2021-21 AH		1.400	%		6/16/63		39,322,075		28,968,687
Government National Mortgage Association (GNMA), 2021-191 NI, IO		3.000	%		10/20/51		1,584,639		285,550

See Notes to Schedule of Investments.

    76     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(j) - (continued)
Government National Mortgage Association (GNMA), 2021-29 TI, IO		2.500	%		2/20/51		456,440	$	75,984
Government National Mortgage Association (GNMA), 2021-37, IO, IO		0.805	%		1/16/61		21,691,572		1,245,638	(c)
Government National Mortgage Association (GNMA), 2021-60 IO, IO		0.826	%		5/16/63		31,924,949		1,865,094	(c)
Government National Mortgage Association (GNMA), 2021-68 IO, IO		0.870	%		10/16/62		28,905,995		1,736,507	(c)
Government National Mortgage Association (GNMA), 2021-77 LC, PAC		1.250	%		7/20/50		1,703,861		1,273,883
Government National Mortgage Association (GNMA), 2021-110 IO, IO		0.873	%		11/16/63		11,355,066		720,830	(c)
Government National Mortgage Association (GNMA), 2021-115 MI, IO, PAC		2.500	%		5/20/51		3,553,026		375,060
Government National Mortgage Association (GNMA), 2021-133, IO, IO		0.880	%		7/16/63		21,290,118		1,381,164	(c)
Government National Mortgage Association (GNMA), 2022-3 B		1.850	%		2/16/61		3,300,000		1,488,441
Government National Mortgage Association (GNMA), 2022-3 IO, IO		0.640	%		2/16/61		9,111,430		453,437	(c)
Government National Mortgage Association (GNMA), 2022-4 Z		1.900	%		3/16/64		2,492,374		1,055,722
Government National Mortgage Association (GNMA), 2022-55 IO, IO		0.567	%		1/16/63		28,265,051		1,319,163	(c)
Government National Mortgage Association (GNMA), 2022-59 IO, IO		0.571	%		2/16/62		64,769,666		3,178,442	(c)
Government National Mortgage Association (GNMA), 2022-63 LM		3.500	%		10/20/50		11,700,000		9,235,307
Government National Mortgage Association (GNMA), 2022-99 JW		2.500	%		1/20/52		5,330,197		4,069,952

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         77

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(j) - (continued)
Government National Mortgage Association (GNMA), 2022-139 AL		4.000	%		7/20/51		33,657,663	$	29,016,036
Government National Mortgage Association (GNMA), 2022-147 B		2.200	%		10/16/63		5,600,000		3,850,739
Government National Mortgage Association (GNMA), 2022-189 PT		2.500	%		10/20/51		24,575,021		19,464,488
Government National Mortgage Association (GNMA), 2022-196 BE		3.000	%		10/16/64		16,429,514		11,136,148	(c)
Government National Mortgage Association (GNMA), 2022-210 IO, IO		0.695	%		7/16/64		10,803,421		688,963	(c)
Government National Mortgage Association (GNMA), 2022-216 IO, IO		0.750	%		7/16/65		21,881,263		1,396,657	(c)
Government National Mortgage Association (GNMA), 2022-220 E		3.000	%		10/16/64		14,200,000		9,841,015	(c)
Government National Mortgage Association (GNMA), 2023-92 AH		2.000	%		6/16/64		59,496,945		42,534,021
Government National Mortgage Association (GNMA), 2023-92 IA, IO		0.611	%		6/16/64		59,996,919		3,686,505	(c)
GreenPoint Mortgage Funding Trust, 2005-AR4 1A2A (1 mo. Term SOFR + 0.754%)		6.074	%		10/25/45		1,176,177		1,145,832	(c)
GreenPoint Mortgage Funding Trust, 2005-AR5 2A1 (1 mo. Term SOFR + 0.674%)		5.994	%		11/25/45		7,916,090		4,282,723	(c)
GreenPoint Mortgage Funding Trust, 2006-AR3 3A1 (1 mo. Term SOFR + 0.574%)		5.894	%		4/25/36		9,914		23,315	(c)
GS Mortgage Securities Corp. Trust, 2018-LUAU G (1 mo. Term SOFR + 4.497%)		9.829	%		11/15/32		12,548,000		12,323,910	(a)(c)
GS Mortgage Securities Corp. Trust, 2018-SRP5 A (1 mo. Term SOFR + 1.914%)		7.247	%		9/15/31		124,512,250		104,012,180	(a)(c)
GS Mortgage Securities Trust, 2013-GC16 B		5.161	%		11/10/46		3,054,431		3,034,720	(c)
GS Mortgage Securities Trust, 2015-GC30 B		4.160	%		5/10/50		16,340,000		14,809,339	(c)

See Notes to Schedule of Investments.

    78     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(j) - (continued)
GS Mortgage Securities Trust, 2017-GS8 A4		3.469	%		11/10/50		5,490,000	$	4,967,394
GS Mortgage-Backed Securities Trust, 2022-NQM1 A4		4.000	%		5/25/62		23,975,331		20,488,387	(a)(c)
GSR Mortgage Loan Trust, 2005- AR7 1A1		5.807	%		11/25/35		523,975		284,517	(c)
HarborView Mortgage Loan Trust, 2005-3 2A1A (1 mo. Term SOFR + 0.594%)		5.922	%		6/19/35		1,312,081		1,238,495	(c)
HarborView Mortgage Loan Trust, 2005-7 1A1 (11th District Cost of Funds + 1.850%)		4.740	%		6/19/45		1,857,775		921,445	(c)
HarborView Mortgage Loan Trust, 2006-2 1A		5.525	%		2/25/36		459,645		157,836	(c)
HarborView Mortgage Loan Trust, 2006-13 A (1 mo. Term SOFR + 0.294%)		5.622	%		11/19/46		93,834		65,293	(c)
HOMES Trust, 2023-NQM1 A1		6.182	%		1/25/68		22,487,321		22,324,004	(a)
Impac CMB Trust, 2005-7 A1 (1 mo. Term SOFR + 0.634%)		5.954	%		11/25/35		1,215,967		1,059,356	(c)
Impac CMB Trust, 2007-A A (1 mo. Term SOFR + 0.614%)		5.934	%		5/25/37		3,284,387		3,061,662	(a)(c)
IndyMac INDX Mortgage Loan Trust, 2005-AR13 1A1		3.967	%		8/25/35		104,685		52,125	(c)
IndyMac INDX Mortgage Loan Trust, 2005-AR18 1A1 (1 mo. Term SOFR + 0.734%)		6.054	%		10/25/36		36,535,650		15,680,699	(c)
Jefferies Resecuritization Trust, 2015-R1 A2		1.854	%		12/26/36		13,805,291		7,011,492	(a)(c)
JPMBB Commercial Mortgage Securities Trust, 2013-C14 B		4.385	%		8/15/46		179,776		167,956	(c)
JPMBB Commercial Mortgage Securities Trust, 2013-C17 B		5.032	%		1/15/47		1,602,000		1,452,149	(c)
JPMBB Commercial Mortgage Securities Trust, 2014-C25 AS		4.065	%		11/15/47		5,930,000		5,693,069
JPMBB Commercial Mortgage Securities Trust, 2015-C30 B		4.370	%		7/15/48		19,921,000		16,801,571	(c)
JPMBB Commercial Mortgage Securities Trust, 2015-C31 B		4.776	%		8/15/48		10,543,000		8,810,136	(c)
JPMDB Commercial Mortgage Securities Trust, 2017-C5 A5		3.694	%		3/15/50		620,000		571,105

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         79

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(j) - (continued)
JPMorgan Chase Commercial Mortgage Securities Trust, 2007- LD12 AJ		6.561	%		2/15/51		286,126	$	256,725	(c)
JPMorgan Chase Commercial Mortgage Securities Trust, 2015- FL7 D (PRIME + 0.693%)		9.193	%		5/15/28		10,175,200		9,053,893	(a)(c)
JPMorgan Chase Commercial Mortgage Securities Trust, 2016- JP3 C		3.550	%		8/15/49		1,510,000		1,105,559	(c)
JPMorgan Mortgage Trust, 2018-3 A1		3.500	%		9/25/48		5,553,543		4,774,084	(a)(c)
JPMorgan Mortgage Trust, 2018-4 A1		3.500	%		10/25/48		4,327,670		3,728,348	(a)(c)
JPMorgan Mortgage Trust, 2018-5 A1		3.500	%		10/25/48		6,836,959		5,840,523	(a)(c)
JPMorgan Mortgage Trust, 2022- LTV1 A3		3.520	%		7/25/52		12,325,683		9,908,986	(a)(c)
JPMorgan Resecuritization Trust, 2015-1 4A2		4.373	%		9/27/36		9,663,613		8,553,489	(a)(c)
Legacy Mortgage Asset Trust, 2019-GS7 A1, Step bond (6.250%to 10/25/23 then 7.250%)		6.250	%		11/25/59		48,289,642		47,888,317	(a)
Legacy Mortgage Asset Trust, 2020-GS5 A1, Step bond (6.250%to 8/25/24 then 7.250%)		6.250	%		6/25/60		2,888,123		2,859,453	(a)
Legacy Mortgage Asset Trust, 2021-GS1 A1, Step bond (1.892%to 1/25/24, 4.892% to 1/25/25 then 5.892%)		1.892	%		10/25/66		20,604,732		19,169,153	(a)
Lehman XS Trust Series, 2006-2N, 1A1 (1 mo. Term SOFR + 0.634%)		5.954	%		2/25/46		8,280,231		7,204,277	(c)
MASTR Adjustable Rate Mortgages Trust, 2004-6 5A1		6.322	%		7/25/34		65,313		62,589	(c)
MASTR Adjustable Rate Mortgages Trust, 2006-OA1 1A1 (1 mo. Term SOFR + 0.324%)		5.644	%		4/25/46		66,819		58,558	(c)
MASTR Reperforming Loan Trust, 2005-1 1A1		6.000	%		8/25/34		1,196,627		759,788	(a)
MASTR Reperforming Loan Trust, 2005-2 1A1F (1 mo. Term SOFR + 0.464%)		5.784	%		5/25/35		1,673,950		884,323	(a)(c)

See Notes to Schedule of Investments.

    80     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(j) - (continued)
Med Trust, 2021-MDLN E (1 mo. Term SOFR + 3.264%)		8.596	%		11/15/38		35,957,432	$	34,363,996	(a)(c)
MHC Commercial Mortgage Trust, 2021-MHC E (1 mo. Term SOFR + 2.215%)		7.547	%		4/15/38		146,676		144,311	(a)(c)
ML-CFC Commercial Mortgage Trust, 2007-5 AJ		5.450	%		8/12/48		1,964,606		496,385	(c)
ML-CFC Commercial Mortgage Trust, 2007-5 AJFL		5.450	%		8/12/48		310,231		78,384	(a)(c)
ML-CFC Commercial Mortgage Trust, 2007-9 AJ		6.193	%		9/12/49		143,485		137,758	(c)
Morgan Stanley Bank of America Merrill Lynch Trust, 2017-C33 A4		3.337	%		5/15/50		17,000,000		15,631,303
Morgan Stanley Mortgage Loan Trust, 2004-5AR 2A		4.242	%		7/25/34		7,522		7,197	(c)
Morgan Stanley Mortgage Loan Trust, 2005-3AR 2A2		3.269	%		7/25/35		510,247		441,577	(c)
Mortgage Loan Resecuritization Trust, 2009-RS1 A85 (1 mo. USD LIBOR + 0.340%)		5.784	%		4/16/36		25,480,932		24,400,444	(a)(c)
Multifamily Trust, 2016-1 B		0.681	%		4/25/46		1,285,543		1,285,085	(a)(c)
New Residential Mortgage Loan Trust, 2022-NQM4 A1, Step bond (5.000% to 6/1/26 then 6.000%)		5.000	%		6/25/62		14,118,974		13,686,065	(a)
Nomura Asset Acceptance Corp. Alternative Loan Trust, 2005-AP2 A5		5.476	%		5/25/35		44,934		23,243
NYMT Loan Trust, 2020-SP2 A1		2.944	%		10/25/60		23,597,255		23,509,247	(a)(c)
NYMT Loan Trust, 2022-SP1 A1, Step bond (5.250% to 7/1/25, 8.250% to 7/1/26 then 9.250%)		5.250	%		7/25/62		39,924,181		38,544,122	(a)
OBX Trust, 2023-NQM6 A1, Step Bond		6.520	%		7/25/63		23,915,991		23,953,563	(a)
PMT Credit Risk Transfer Trust, 2019-3R A (30 Day Average SOFR + 3.814%)		9.129	%		11/27/31		4,190,763		4,173,788	(a)(c)
PMT Credit Risk Transfer Trust, 2021-1R A (1 mo. Term SOFR + 3.014%)		8.332	%		2/27/24		16,296,126		16,231,495	(a)(c)

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         81

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(j) - (continued)
Prime Mortgage Trust, 2006-1 3A2, IO (-1.000 x 1 mo. Term SOFR + 7.036%)		1.716	%		6/25/36		5,972,746	$	513,890	(c)
Prime Mortgage Trust, 2006-DR1 2A2		6.000	%		5/25/35		17,759,996		13,438,612	(a)
PRKCM Trust, 2021-AFC1 A1		1.510	%		8/25/56		25,649,409		19,733,427	(a)(c)
PRKCM Trust, 2023-AFC1 A1		6.598	%		2/25/58		48,523,667		48,310,993	(a)
RAMP Trust, 2004-SL4 A5		7.500	%		7/25/32		347,420		139,886
RAMP Trust, 2005-SL1 A7		8.000	%		5/25/32		120,317		78,388
RBSSP Resecuritization Trust, 2009-12 9A2		3.897	%		3/25/36		4,199,925		2,985,749	(a)(c)
Redwood Funding Trust, 2019-1 PT		4.968	%		9/27/24		26,772,157		26,744,636	(a)
Reperforming Loan REMIC Trust, 2006-R2 AS, IO		0.593	%		7/25/36		6,208,007		143,240	(a)(c)
Residential Asset Securitization Trust, 2004-A2 1A3, PAC (1 mo. Term SOFR + 0.514%)		5.834	%		5/25/34		3,882		3,723	(c)
SCOTT Trust, 2023-SFS A		5.910	%		3/15/40		23,380,000		22,707,149	(a)
Shops at Crystals Trust, 2016- CSTL A		3.126	%		7/5/36		6,160,000		5,572,725	(a)
SHOW Trust, 2022 BIZ A (1 mo. Term SOFR + 2.984%)		8.314	%		1/15/27		15,000,000		14,345,669	(a)(c)
Soho Trust, 2021-SOHO B		2.786	%		8/10/38		23,410,000		15,449,348	(a)(c)
Structured Adjustable Rate Mortgage Loan Trust, 2004-8 1A1		5.687	%		7/25/34		336		322	(c)
Structured Asset Mortgage Investments II Trust, 2006-AR6 1A1 (1 mo. Term SOFR + 0.474%)		5.794	%		7/25/46		70,006		57,058	(c)
Structured Asset Mortgage Investments Trust, 2003-AR1 A1 (1 mo. Term SOFR + 0.854%)		6.182	%		10/19/33		38,302		35,796	(c)
SunTrust Alternative Loan Trust, 2006-1F 3A (1 mo. Term SOFR + 0.464%)		5.784	%		4/25/36		15,510,586		3,969,216	(c)
Towd Point Mortgage Trust, 2015-2 1B3		3.627	%		11/25/60		8,883,500		7,178,034	(a)(c)
Towd Point Mortgage Trust, 2019- HY2 A1 (1 mo. Term SOFR + 1.114%)		6.434	%		5/25/58		12,948,817		13,065,361	(a)(c)

See Notes to Schedule of Investments.

    82     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
COLLATERALIZED MORTGAGE OBLIGATIONS(j) - (continued)
UBS Commercial Mortgage Trust, 2017-C1 A4		3.460	%		6/15/50		5,440,000	$	4,958,265
UBS Commercial Mortgage Trust, 2017-C3 A4		3.426	%		8/15/50		6,000,000		5,441,744
UBS Commercial Mortgage Trust, 2018-C11 A3		4.312	%		6/15/51		16,841,093		16,169,654
VLS Commercial Mortgage Trust, 2020-LAB A		2.130	%		10/10/42		64,690,000		49,393,105	(a)
Wachovia Bank Commercial Mortgage Trust, 2007-C33 AJ		5.926	%		2/15/51		1,018,577		909,233	(c)
WaMu Mortgage Pass-Through Certificates Trust, 2003-AR9 1A7		5.683	%		9/25/33		3,556		3,275	(c)
Waterfall Commercial Mortgage Trust, 2015-SBC5 A		4.104	%		12/31/23		1,256,180		1,199,263	(a)(c)
Wells Fargo Alternative Loan Trust, 2007-PA1 A12, IO (-1.000 x 1 mo. Term SOFR + 5.346%)		0.026	%		3/25/37		5,530,644		137,339	(c)
Wells Fargo Alternative Loan Trust, 2007-PA2 2A1 (1 mo. Term SOFR + 0.544%)		5.864	%		6/25/37		1,894,329		1,522,167	(c)
Wells Fargo Commercial Mortgage Trust, 2013-LC12 B		4.087	%		7/15/46		334,665		275,052	(c)
Wells Fargo Commercial Mortgage Trust, 2014-LC18 AS		3.808	%		12/15/47		5,630,000		5,328,151
Wells Fargo Commercial Mortgage Trust, 2017-C41 XA, IO		1.302	%		11/15/50		29,873,771		1,125,267	(c)
Wells Fargo Commercial Mortgage Trust, 2018-C44 A5		4.212	%		5/15/51		7,530,000		6,968,822
Wells Fargo Commercial Mortgage Trust, 2022-JS2 G		3.569	%		12/15/39		10,000,000		6,061,804	(a)(c)
WFRBS Commercial Mortgage Trust, 2014-C19 B		4.723	%		3/15/47		270,000		252,687	(c)
WFRBS Commercial Mortgage Trust, 2014-C19 XA, IO		1.110	%		3/15/47		25,381,376		37,567	(c)
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost - $3,120,911,488)									2,851,497,027
SOVEREIGN BONDS - 7.1%
Argentina - 0.2%
Argentine Republic Government International Bond, Senior Nottes		1.000	%		7/9/29		5,149,404		1,441,840

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         83

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Argentina - (continued)
Argentine Republic Government International Bond, Senior Notes, Step bond (0.750% to 7/9/27 then 1.750%)		0.750	%		7/9/30		38,623,058		$	11,078,335
Argentine Republic Government International Bond, Senior Notes, Step bond (3.500% to 7/9/29 then 4.875%)		3.500	%		7/9/41		22,200,000			5,733,953
Provincia de Buenos Aires, Senior Notes, Step bond (6.375% to 9/1/24 then 6.625%)		6.375	%		9/1/37		61,333,394			20,187,571	(a)
Provincia de Buenos Aires, Senior Notes, Step Bond (6.375% to 9/1/24 then 6.625%)		6.375	%		9/1/37		11,530,000			3,795,040	(k)
Total Argentina										42,236,739
Brazil - 1.1%
Brazil Notas do Tesouro Nacional Serie F, Notes		10.000	%		1/1/27		350,000,000	BRL		67,969,315
Brazil Notas do Tesouro Nacional Serie F, Notes		10.000	%		1/1/33		370,741,000	BRL		67,222,738
Brazilian Government International Bond, Senior Notes		5.625	%		1/7/41		1,284,000			1,076,948
Brazilian Government International Bond, Senior Notes		5.000	%		1/27/45		54,640,000			40,584,682
Brazilian Government International Bond, Senior Notes		5.625	%		2/21/47		26,170,000			20,828,551
Brazilian Government International Bond, Senior Notes		4.750	%		1/14/50		61,520,000			42,712,936
Total Brazil										240,395,170
Colombia - 0.2%
Colombia Government International Bond, Senior Notes		3.250	%		4/22/32		18,010,000			12,983,281
Colombia Government International Bond, Senior Notes		4.125	%		2/22/42		23,030,000			14,006,218
Colombia Government International Bond, Senior Notes		5.625	%		2/26/44		18,340,000			13,178,270
Colombia Government International Bond, Senior Notes		5.200	%		5/15/49		10,000,000			6,588,556
Total Colombia										46,756,325

See Notes to Schedule of Investments.

    84     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Indonesia - 1.2%
Indonesia Government International Bond, Senior Notes		4.350	%		1/11/48		11,090,000		$	8,846,050
Indonesia Government International Bond, Senior Notes		3.700	%		10/30/49		3,160,000			2,217,820
Indonesia Treasury Bond		7.000	%		5/15/27		440,135,000,000	IDR		28,910,220
Indonesia Treasury Bond		6.500	%		2/15/31		3,650,281,000,000	IDR		231,924,518
Total Indonesia										271,898,608
Israel - 0.1%
Israel Government International Bond, Senior Notes		2.750	%		7/3/30		13,840,000			11,785,701
State of Israel, Senior Notes		3.375	%		1/15/50		8,320,000			5,546,179
State of Israel, Senior Notes		3.800	%		5/13/60		5,000,000			3,345,455	(k)
Total Israel										20,677,335
Kenya - 0.1%
Republic of Kenya Government International Bond, Senior Notes		6.875	%		6/24/24		5,780,000			5,360,314	(k)
Republic of Kenya Government International Bond, Senior Notes		7.250	%		2/28/28		6,600,000			5,328,312	(a)
Republic of Kenya Government International Bond, Senior Notes		6.300	%		1/23/34		25,650,000			17,132,326	(a)
Total Kenya										27,820,952
Mexico - 3.8%
Mexican Bonos, Bonds		8.000	%		11/7/47		6,080,860,000	MXN		287,285,961
Mexican Bonos, Senior Notes		7.750	%		11/23/34		2,754,410,000	MXN		134,821,080
Mexican Bonos, Senior Notes		7.750	%		11/13/42		8,206,736,200	MXN		379,551,248
Mexico Government International Bond, Senior Notes		4.350	%		1/15/47		31,150,000			22,086,507
Mexico Government International Bond, Senior Notes		4.600	%		2/10/48		23,680,000			17,337,630
Mexico Government International Bond, Senior Notes		5.750	%		10/12/2110		8,690,000			6,932,832
Total Mexico										848,015,258
Nigeria - 0.1%
Nigeria Government International Bond, Senior Notes		6.500	%		11/28/27		8,130,000			6,802,534	(a)
Nigeria Government International Bond, Senior Notes		7.143	%		2/23/30		9,270,000			7,334,683	(a)
Total Nigeria										14,137,217

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         85

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Panama - 0.1%
Panama Government International Bond, Senior Notes		2.252	%		9/29/32		38,590,000		$	28,026,334
Panama Government International Bond, Senior Notes		4.500	%		4/1/56		8,130,000			5,375,277
Total Panama										33,401,611
Paraguay - 0.0%††
Paraguay Government International Bond, Senior Notes		3.849	%		6/28/33		11,240,000			9,284,661	(a)
Peru - 0.1%
Peruvian Government International Bond, Senior Notes		2.783	%		1/23/31		13,840,000			11,367,947
Peruvian Government International Bond, Senior Notes		6.550	%		3/14/37		2,330,000			2,413,901
Peruvian Government International Bond, Senior Notes		5.625	%		11/18/50		13,780,000			12,784,175
Total Peru										26,566,023
Russia - 0.1%
Russian Federal Bond - OFZ		7.050	%		1/19/28		6,020,554,000	RUB		19,652,586	*(l)
Russian Federal Bond - OFZ		6.900	%		5/23/29		2,023,320,000	RUB		6,604,620	*(l)
Russian Federal Bond - OFZ		7.700	%		3/16/39		1,868,450,000	RUB		4,453,300	*(l)
Total Russia										30,710,506
Uruguay - 0.0%††
Uruguay Government International Bond, Senior Notes		7.875	%		1/15/33		1			1
TOTAL SOVEREIGN BONDS (Cost - $1,981,505,705)										1,611,900,406
SENIOR LOANS - 3.5%
COMMUNICATION SERVICES - 0.3%
Entertainment - 0.1%
UFC Holdings LLC, Term Loan B3 (3 mo. Term SOFR + 3.012%)		8.369	%		4/29/26		11,986,643			11,987,303	(c)(m)(n)
Media - 0.2%
Charter Communications Operating LLC, Term Loan B1 (3 mo. Term SOFR + 1.750%)		7.116	%		4/30/25		16,806,802			16,838,315	(c)(m)(n)
Charter Communications Operating LLC, Term Loan B2 (3 mo. Term SOFR + 1.750%)		7.116	%		2/1/27		2,337,120			2,337,271	(c)(m)(n)
Nexstar Media Inc., Term Loan B4 (1 mo. Term SOFR + 2.614%)		7.931	%		9/18/26		3,780,521			3,780,521	(c)(m)(n)

See Notes to Schedule of Investments.

    86     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Media - (continued)
Terrier Media Buyer Inc., 2021 Refinancing Term Loan B (3 mo. Term SOFR + 3.600%)		8.990	%		12/17/26		7,626,603	$	7,010,106	(c)(m)(n)
Virgin Media Bristol LLC, Term Loan Facility N (1 mo. Term SOFR + 2.614%)		7.947	%		1/31/28		19,335,838		18,834,364	(c)(m)(n)
Virgin Media Bristol LLC, Term Loan Facility Q (1 mo. Term SOFR + 3.364%)		8.697	%		1/31/29		4,840,000		4,736,158	(c)(m)(n)
Total Media									53,536,735
TOTAL COMMUNICATION SERVICES									65,524,038
CONSUMER DISCRETIONARY - 0.4%
Automobile Components - 0.0%††
Clarios Global LP, 2023 Term Loan (1 mo. Term SOFR + 3.750%)		9.066	%		5/6/30		7,310,000		7,306,601	(c)(m)(n)
Diversified Consumer Services - 0.0%††
Prime Security Services Borrower LLC, 2021 Refinancing Term Loan B1 (1 mo. Term SOFR + 2.864%)		8.192	%		9/23/26		8,820,318		8,817,319	(c)(m)(n)
Hotels, Restaurants & Leisure - 0.3%
Alterra Mountain Co., 2028 Term Loan B (1 mo. Term SOFR + 3.614%)		8.931	%		8/17/28		11,877,400		11,882,389	(c)(m)(n)
Caesars Entertainment Inc., Term Loan B (1 mo. Term SOFR + 3.350%)		8.666	%		2/6/30		2,049,700		2,052,908	(c)(m)(n)
Entain Holdings Gibraltar Ltd., Term Loan Facility B (3 mo. Term SOFR + 2.600%)		7.990	%		3/29/27		3,371,099		3,370,795	(c)(m)(n)
PCI Gaming Authority, Term Loan Facility B (1 mo. Term SOFR + 2.614%)		7.931	%		5/29/26		10,178,222		10,183,972	(c)(m)(n)
Scientific Games International Inc., Initial Term Loan B (1 mo. Term SOFR + 3.100%)		8.434	%		4/13/29		18,998,855		19,022,603	(c)(m)(n)
Station Casinos LLC, Term Loan Facility B1 (1 mo. Term SOFR + 2.350%)		7.666	%		2/8/27		9,088,960		9,081,735	(c)(m)(n)
Total Hotels, Restaurants & Leisure									55,594,402

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         87

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Specialty Retail - 0.1%
Great Outdoors Group LLC, Term Loan B2 (3 mo. Term SOFR+ 4.012%)		9.402	%		3/6/28		3,005,182	$	3,002,778	(c)(m)(n)
Harbor Freight Tools USA Inc., 2021 Refinancing Term Loan (1 mo. Term SOFR + 2.864%)		8.181	%		10/19/27		18,439,457		18,327,345	(c)(m)(n)
Total Specialty Retail									21,330,123
TOTAL CONSUMER DISCRETIONARY									93,048,445
CONSUMER STAPLES - 0.1%
Beverages - 0.1%
Triton Water Holdings Inc., First Lien Initial Term Loan (3 mo. Term SOFR + 3.512%)		8.902	%		3/31/28		22,617,047		22,089,278	(c)(m)(n)
Household Products - 0.0%††
Energizer Holdings Inc., Term Loan (1 mo. Term SOFR + 2.364%)		7.688	%		12/22/27		4,594,404		4,590,958	(c)(m)(n)
TOTAL CONSUMER STAPLES									26,680,236
ENERGY - 0.0%††
Oil, Gas & Consumable Fuels - 0.0%††
Pilot Travel Centers LLC, Initial Term Loan B (1 mo. Term SOFR + 2.100%)		7.416	%		8/4/28		1,715,168		1,715,168	(c)(m)(n)
FINANCIALS - 1.0%
Capital Markets - 0.1%
Allspring Buyer LLC, Term Loan (3 mo. Term SOFR + 3.512%)		8.949	%		11/1/28		4,116,150		4,082,706	(c)(m)(n)
First Eagle Holdings Inc., 2018 Refinancing Term Loan B (3 mo. Term SOFR + 2.600%)		7.990	%		2/1/27		10,322,480		10,251,513	(c)(m)(n)
Focus Financial Partners LLC, Term Loan B5 (1 mo. Term SOFR+ 3.250%)		8.566	%		6/30/28		19,984,995		19,958,615	(c)(m)(n)
Total Capital Markets									34,292,834
Consumer Finance - 0.1%
Trans Union LLC, Term Loan B5 (1 mo. Term SOFR + 1.850%)		7.166	%		11/16/26		16,792,054		16,799,023	(c)(m)(n)

See Notes to Schedule of Investments.

    88     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Financial Services - 0.6%
Castlelake Aviation One Designated Activity Co., Initial Term Loan (3 mo. Term SOFR + 3.012%)		8.421	%		10/22/26		9,339,891	$	9,341,479	(c)(m)(n)
Citadel Securities LP, Term Loan B (1 mo. Term SOFR + 2.614%)		7.931	%		7/29/30		14,984,947		14,974,458	(c)(m)(n)
Deerfield Dakota Holding LLC, First Lien Initial Dollar Term Loan (3 mo. Term SOFR + 3.750%)		9.140	%		4/9/27		16,804,024		16,422,488	(c)(m)(n)
GTCR W Merger Sub LLC, Term Loan B		—			9/20/30		42,500,000		42,515,512	(o)
Setanta Aircraft Leasing DAC, Term Loan (3 mo. USD LIBOR + 2.262%)		7.652	%		11/5/28		35,690,000		35,718,017	(c)(m)(n)
VFH Parent LLC, Initial Term Loan (1 mo. Term SOFR + 3.100%)		8.418	%		1/13/29		10,596,500		10,541,292	(c)(m)(n)
Total Financial Services									129,513,246
Insurance - 0.2%
AmWINS Group Inc., 2023 Incremental Term Loan (1 mo. Term SOFR + 2.864%)		8.181	%		2/19/28		3,295,100		3,297,176	(c)(m)(n)
AmWINS Group Inc., Term Loan (1 mo. Term SOFR + 2.364%)		7.681	%		2/19/28		340,652		339,027	(c)(m)(n)
Asurion LLC, New Term Loan B8 (1 mo. Term SOFR + 3.364%)		8.681	%		12/23/26		16,142,793		15,840,116	(c)(m)(n)
Asurion LLC, New Term Loan B9 (1 mo. Term SOFR + 3.364%)		8.681	%		7/31/27		9,461,499		9,161,096	(c)(m)(n)
Asurion LLC, New Term Loan B11 (1 mo. Term SOFR + 4.350%)		9.666	%		8/21/28		17,693,748		17,220,440	(c)(m)(n)
Total Insurance									45,857,855
TOTAL FINANCIALS									226,462,958
HEALTH CARE - 0.8%
Health Care Equipment & Supplies - 0.1%
Medline Borrower LP, Initial Dollar Term Loan (1 mo. Term SOFR + 3.364%)		8.681	%		10/23/28		14,355,327		14,333,291	(c)(m)(n)

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         89

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Health Care Providers & Services - 0.3%
EyeCare Partners LLC, First Lien Initial Term Loan (1 mo. Term SOFR + 3.864%)		9.181	%		2/18/27		7,788,088	$	5,568,483	(c)(m)(n)
Global Medical Response Inc., 2020 Term Loan (3 mo. Term SOFR + 4.512%)		9.780	%		10/2/25		14,712,826		10,335,760	(c)(m)(n)
Grifols Worldwide Operations USA Inc., Dollar Term Loan B (1 mo. Term SOFR + 2.100%)		7.416	%		11/15/27		12,294,162		12,103,603	(c)(m)(n)
Phoenix Guarantor Inc., Term Loan B1 (1 mo. Term SOFR + 3.364%)		8.681	%		3/5/26		17,623,035		17,534,920	(c)(m)(n)
Phoenix Guarantor Inc., Term Loan B3 (1 mo. Term SOFR + 3.614%)		8.931	%		3/5/26		282,428		281,466	(c)(m)(n)
Sotera Health Holdings LLC, Term Loan (1 mo. Term SOFR + 2.864%)		8.181	%		12/11/26		27,759,289		27,596,203	(c)(m)(n)
Total Health Care Providers & Services									73,420,435
Health Care Technology - 0.2%
AthenaHealth Group Inc., Initial Term Loan (1 mo. Term SOFR + 3.250%)		8.568	%		2/15/29		30,071,186		29,592,002	(c)(m)(n)
Life Sciences Tools & Services - 0.1%
ICON Luxembourg Sarl, Term Loan (3 mo. Term SOFR + 2.512%)		7.902	%		7/3/28		14,991,747		15,004,490	(c)(m)(n)
PRA Health Sciences Inc., Term Loan (3 mo. Term SOFR + 2.512%)		7.902	%		7/3/28		3,736,050		3,739,226	(c)(m)(n)
Total Life Sciences Tools & Services									18,743,716
Pharmaceuticals - 0.1%
Gainwell Acquisition Corp., Term Loan B (3 mo. Term SOFR + 4.100%)		9.490	%		10/1/27		18,227,523		17,828,796	(c)(m)(n)
Jazz Financing Lux Sarl, Initial Dollar Term Loan (1 mo. Term SOFR + 3.614%)		8.931	%		5/5/28		11,681,306		11,685,394	(c)(m)(n)
Total Pharmaceuticals									29,514,190
TOTAL HEALTH CARE									165,603,634
INDUSTRIALS - 0.6%
Aerospace & Defense - 0.0%††
Avolon TLB Borrower 1 (US) LLC, Term Loan B5 (1 mo. Term SOFR + 2.350%)		7.675	%		12/1/27		3,037,196		3,040,613	(c)(m)(n)

See Notes to Schedule of Investments.

    90     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Building Products - 0.1%
EMRLD Borrower LP, Initial Term Loan B (1 mo. Term SOFR + 3.000%)		8.316	%		5/31/30		2,610,000	$	2,610,013	(c)(m)(n)
Hunter Douglas Holding BV, Term Loan B1 (3 mo. Term SOFR + 3.500%)		8.891	%		2/26/29		12,204,298		11,914,446	(c)(m)(n)
Quikrete Holdings Inc., Term Loan B1 (1 mo. Term SOFR + 2.864%)		8.181	%		3/18/29		3,874,183		3,879,471	(c)(m)(n)
Total Building Products									18,403,930
Commercial Services & Supplies - 0.3%
Ali Group North America Corp., Initial Term Loan B (1 mo. Term SOFR + 2.114%)		7.431	%		7/30/29		10,646,101		10,653,501	(c)(m)(n)
Allied Universal Holdco LLC, USD Term Loan (1 mo. Term SOFR + 3.850%)		9.166	%		5/12/28		31,854,800		30,821,271	(c)(m)(n)(o)
APi Group DE Inc., Initial Term Loan (1 mo. Term SOFR + 2.614%)		7.931	%		10/1/26		8,815,363		8,838,106	(c)(m)(n)
Garda World Security Corp., Term Loan B2 (3 mo. Term SOFR + 4.350%)		9.746	%		10/30/26		6,749,555		6,756,203	(c)(m)(n)
GFL Environmental Inc., 2023 Term Loan (1 mo. Term SOFR + 2.500%)		7.823	%		5/31/27		2,022,420		2,023,371	(c)(m)(n)
Total Commercial Services & Supplies									59,092,452
Construction & Engineering - 0.0%††
Brown Group Holding LLC, Initial Term Loan (1 mo. Term SOFR + 2.850%)		8.166	%		6/7/28		2,909,248		2,888,636	(c)(m)(n)
Ground Transportation - 0.1%
Genesee & Wyoming Inc., Initial Term Loan (3 mo. Term SOFR + 2.100%)		7.490	%		12/30/26		17,160,353		17,161,211	(c)(m)(n)
Passenger Airlines - 0.1%
Air Canada, Term Loan (3 mo. Term SOFR + 3.762%)		9.128	%		8/11/28		14,545,875		14,576,203	(c)(m)(n)
Delta Air Lines Inc., Initial Term Loan (3 mo. Term SOFR + 3.750%)		9.076	%		10/20/27		4,936,711		5,117,221	(c)(m)(n)
United Airlines Inc., Term Loan B (1 mo. Term SOFR + 3.864%)		9.182	%		4/21/28		10,522,312		10,555,195	(c)(m)(n)
Total Passenger Airlines									30,248,619
TOTAL INDUSTRIALS									130,835,461

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         91

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
INFORMATION TECHNOLOGY - 0.3%
Communications Equipment - 0.0%††
CommScope Inc., Initial Term Loan (1 mo. Term SOFR + 3.364%)		8.681	%		4/6/26		1,920,000	$	1,757,760	(c)(f)(m)(n)
Electronic Equipment, Instruments & Components - 0.1%
II-VI Inc., Term Loan B (1 mo. Term SOFR + 2.864%)		8.181	%		7/2/29		17,503,274		17,478,682	(c)(m)(n)
Software - 0.2%
Cloudera Inc., Term Loan (1 mo. Term SOFR + 3.850%)		9.166	%		10/8/28		8,206,940		8,063,319	(c)(f)(m)(n)
DCert Buyer Inc., First Lien Initial Term Loan (1 mo. Term SOFR + 4.000%)		9.316	%		10/16/26		18,766,438		18,679,080	(c)(m)(n)
Magenta Buyer LLC, First Lien Initial Term Loan (3 mo. Term SOFR + 5.262%)		10.631	%		7/27/28		5,752,004		4,309,200	(c)(m)(n)
Peraton Corp., First Lien Term Loan B (1 mo. Term SOFR + 3.850%)		9.166	%		2/1/28		21,480,054		21,462,225	(c)(m)(n)
Total Software									52,513,824
TOTAL INFORMATION TECHNOLOGY									71,750,266
TOTAL SENIOR LOANS (Cost - $790,917,473)									781,620,206
						FACE AMOUNT†/ UNITS
ASSET-BACKED SECURITIES - 3.2%
AccessLex Institute, 2004-A B1 (28 day Auction Rate Security)		6.946	%		7/1/39		975,000		836,921	(c)
Avis Budget Rental Car Funding AESOP LLC, 2019-3A A		2.360	%		3/20/26		1,910,000		1,819,380	(a)
Avis Budget Rental Car Funding AESOP LLC, 2020-1A D		3.340	%		8/20/26		5,000,000		4,526,049	(a)
Avis Budget Rental Car Funding AESOP LLC, 2021-1A A		1.380	%		8/20/27		8,010,000		7,077,881	(a)
Avis Budget Rental Car Funding AESOP LLC, 2023-1A A		5.250	%		4/20/29		27,050,000		26,205,372	(a)
Bear Stearns Asset Backed Securities Trust, 2005-CL1 A1		5.319	%		9/25/34		530,106		514,575	(c)
CIT Mortgage Loan Trust, 2007-1 1M1 (1 mo. Term SOFR + 1.614%)		6.934	%		10/25/37		23,685,000		23,008,900	(a)(c)

See Notes to Schedule of Investments.

    92     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†/ UNITS		VALUE
ASSET-BACKED SECURITIES - (continued)
CIT Mortgage Loan Trust, 2007-1 1M2 (1 mo. Term SOFR + 1.864%)		7.184	%		10/25/37		81,697,500	$	67,677,735	(a)(c)
CLI Funding VIII LLC, 2023-1A A		6.310	%		6/18/48		9,724,283		9,664,938	(a)
College Ave Student Loans LLC, 2019-A A1 (1 mo. Term SOFR + 1.514%)		6.834	%		12/28/48		13,011,627		12,967,171	(a)(c)
Conseco Finance Corp., 1996-5 B1		8.100	%		7/15/26		321,931		140,249	(c)
Conseco Finance Corp., 1999-3 A9		6.530	%		2/1/31		6,319,762		5,488,066	(c)
Countrywide Home Equity Loan Trust, 2006-HW 2A1B (1 mo. USD LIBOR + 0.150%)		5.597	%		11/15/36		234,020		218,277	(c)
Countrywide Home Equity Loan Trust, 2006-I 2A (1 mo. Term SOFR + 0.254%)		5.587	%		1/15/37		1,697,895		1,529,688	(c)
Credit Suisse European Mortgage Capital Ltd., 2019-1OTF A (3 mo. USD LIBOR + 2.900%)		8.531	%		8/9/24		54,403,875		52,955,951	(a)(c)
Credit Suisse European Mortgage Capital Ltd., 2020-1OTF A (3 mo. USD LIBOR + 2.900%)		7.390	%		8/9/24		58,865,327		57,167,062	(a)
DB Master Finance LLC, 2021-1A A23		2.791	%		11/20/51		35,281,575		27,294,483	(a)
Dividend Solar Loans LLC, 2018-2 B		4.250	%		12/20/38		364,186		293,729	(a)
ECMC Group Student Loan Trust, 2020-2A A (30 Day Average SOFR + 1.264%)		6.579	%		11/25/69		6,281,237		6,249,053	(a)(c)
Federal National Mortgage Association (FNMA) Grantor Trust, 2017-T1 A		2.898	%		6/25/27		3,980,258		3,648,145
Ford Credit Auto Owner Trust, 2023-2 C		6.160	%		2/15/36		3,890,000		3,838,507	(a)
Ford Credit Floorplan Master Owner Trust, 2018-4 A		4.060	%		11/15/30		33,520,000		31,213,824
FS Rialto Issuer LLC, 2022-FL6 A (1 mo. Term SOFR + 2.580%)		7.907	%		8/17/37		10,000,000		10,012,500	(a)(c)
GMAC Mortgage Corp. Loan Trust, 2004-HE3 A2VN (1 mo. Term SOFR + 0.614%)		5.934	%		10/25/34		914,647		914,560	(a)(c)

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         93

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†/ UNITS		VALUE
ASSET-BACKED SECURITIES - (continued)
GSRPM Mortgage Loan Trust, 2007-1 A (1 mo. Term SOFR + 0.514%)		5.834	%		10/25/46		4,267,852	$	3,724,501	(a)(c)
Hertz Vehicle Financing LLC, 2021-1A A		1.210	%		12/26/25		1,660,000		1,576,241	(a)
Hertz Vehicle Financing LP, 2021-2A A		1.680	%		12/27/27		51,540,000		45,289,363	(a)
Hildene Community Funding CDO Ltd., 2015-1A ARR		2.600	%		11/1/35		38,888,942		32,046,191	(a)
J.G. Wentworth XLI LLC, 2018-1A A		3.740	%		10/17/72		6,190,192		5,048,161	(a)
Jimmy Johns Funding LLC, 2017-1A A2II		4.846	%		7/30/47		6,228,600		5,745,088	(a)
Loanpal Solar Loan Ltd., 2020-3GS A		2.470	%		12/20/47		19,533,275		14,760,003	(a)
Loanpal Solar Loan Ltd., 2021-1GS A		2.290	%		1/20/48		6,019,640		4,534,344	(a)
Long Beach Mortgage Loan Trust, 2006-9 2A3 (1 mo. Term SOFR + 0.434%)		5.754	%		10/25/36		3,048,997		917,974	(c)
Lunar Structured Aircraft Portfolio Notes, 2021-1 A		2.636	%		10/15/46		8,784,763		7,546,253	(a)
MF1 LLC, 2022-FL10 A (1 mo. Term SOFR + 2.635%)		7.962	%		9/17/37		15,590,000		15,710,093	(a)(c)
Morgan Stanley ABS Capital I Inc. Trust, 2003-HE3 M1 (1 mo. Term SOFR + 1.134%)		6.454	%		10/25/33		45,244		44,682	(c)
Morgan Stanley Resecuritization Trust, 2015-R7 1BXA		7.060	%		2/26/29		13,251,592		12,188,987	(a)(c)
National Collegiate Student Loan Trust, 2005-2 A51 (1 mo. USD LIBOR + 0.370%)		5.804	%		6/25/33		8,413,325		7,986,724	(c)
National Collegiate Student Loan Trust, 2006-1 A5 (1 mo. USD LIBOR + 0.350%)		5.784	%		3/25/33		5,007,097		4,728,516	(c)
National Collegiate Student Loan Trust, 2006-4 A4 (1 mo. USD LIBOR + 0.310%)		5.744	%		5/25/32		1,858,830		1,778,936	(c)
Navient Private Education Refi Loan Trust, 2020-GA A		1.170	%		9/16/69		1,998,238		1,769,945	(a)

See Notes to Schedule of Investments.

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WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†/ UNITS		VALUE
ASSET-BACKED SECURITIES - (continued)
Navient Student Loan Trust, 2019-BA B		4.040	%		12/15/59		900,000	$	793,401	(a)
Oak Street Investment Grade Net Lease Fund, 2020-1A A1		1.850	%		11/20/50		5,703,537		5,062,674	(a)
Option One Mortgage Loan Trust, 2007-FXD2 1A1		5.820	%		3/25/37		20,016,560		17,051,635
Origen Manufactured Housing Contract Trust, 2006-A A2		6.850	%		10/15/37		3,713,357		3,266,779	(c)
Origen Manufactured Housing Contract Trust, 2007-A A2		7.134	%		4/15/37		4,762,076		4,369,343	(c)
Ownit Mortgage Loan Asset- Backed Certificates, 2004-1 M2 (1 mo. Term SOFR + 1.914%)		7.234	%		7/25/35		1,179,291		1,151,330	(c)
RAMP Trust, 2003-RS7 MII1 (1 mo. Term SOFR + 0.864%)		4.854	%		8/25/33		596,633		578,658	(c)
Renaissance Home Equity Loan Trust, 2003-4 A3 (1 mo. Term SOFR + 1.354%)		6.674	%		3/25/34		3,697,401		3,277,540	(c)
Renaissance Home Equity Loan Trust, 2006-1 AF5		6.166	%		5/25/36		13,327,818		6,925,719
Residential Funding Securities Corp., 2002-RP2 A1 (1 mo. Term SOFR + 1.614%)		6.184	%		10/25/32		943,295		919,037	(a)(c)
SMB Private Education Loan Trust, 2020-A A2B (1 mo. Term SOFR + 0.944%)		6.277	%		9/15/37		2,803,958		2,773,189	(a)(c)
SMB Private Education Loan Trust, 2015-C R		0.000	%		9/18/46		49,649		15,107,092	(a)
SMB Private Education Loan Trust, 2021-A B		2.310	%		1/15/53		10,985,000		9,999,816	(a)
SMB Private Education Loan Trust, 2021-A C		2.990	%		1/15/53		15,612,442		13,087,545	(a)
SMB Private Education Loan Trust, 2021-C APT1		1.390	%		1/15/53		21,040,873		18,176,320	(a)
SMB Private Education Loan Trust, 2023-C A1A		5.670	%		11/15/52		21,000,000		20,714,327	(a)
SpringCastle America Funding LLC, 2020-AA A		1.970	%		9/25/37		9,763,570		8,868,585	(a)

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         95

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†/ UNITS		VALUE
ASSET-BACKED SECURITIES - (continued)
Structured Asset Securities Corp. Mortgage Loan Trust, 2006-ARS1 A1 (1 mo. Term SOFR + 0.334%)		5.649	%		2/25/36		1,076,251	$	22,909	(a)(c)
Structured Asset Securities Corp. Trust, 2005-SC1 1A2		6.990	%		5/25/31		3,378,797		2,581,860	(a)(c)
Sunrun Atlas Issuer LLC, 2019-2 A		3.610	%		2/1/55		2,329,443		2,028,045	(a)
Sunrun Demeter Issuer LLC, 2021-2A A		2.270	%		1/30/57		26,392,257		20,913,958	(a)
Thrust Engine Leasing, 2021-1A A		4.163	%		7/15/40		17,510,072		15,110,492	(a)
Trinity Rail Leasing LLC, 2020-2A A2		2.560	%		11/19/50		21,708,000		18,538,999	(a)
United States Small Business Administration, 2019-20D 1		2.980	%		4/1/39		3,718,508		3,294,611
United States Small Business Administration, 2019-25G 1		2.690	%		7/1/44		7,121,852		5,993,328
Wingstop Funding LLC, 2020-1A A2		2.841	%		12/5/50		3,871,050		3,361,984	(a)
TOTAL ASSET-BACKED SECURITIES (Cost - $848,613,230)									724,628,194
						FACE AMOUNT†
U.S. GOVERNMENT & AGENCY OBLIGATIONS - 1.5%
U.S. Government Obligations - 1.5%
Department of Housing and Urban Development, Notes		2.850	%		8/1/24		4,537,000		4,440,423
U.S. Treasury Bonds		3.625	%		2/15/44		183,096,000		152,302,257	(h)(p)
U.S. Treasury Bonds		2.875	%		8/15/45		139,120,000		100,807,657	(h)(p)(q)
U.S. Treasury Bonds		2.000	%		2/15/50		2,000,000		1,167,578	(q)
U.S. Treasury Bonds		3.625	%		5/15/53		7,010,000		5,805,704
U.S. Treasury Bonds		4.125	%		8/15/53		24,570,000		22,308,792	(q)
U.S. Treasury Notes		4.875	%		7/31/25		60,000		59,605
U.S. Treasury Notes		5.000	%		8/31/25		330,000		329,356
U.S. Treasury Notes		4.625	%		9/15/26		40,000		39,806
U.S. Treasury Notes		4.375	%		8/31/28		20,000		19,803
U.S. Treasury Notes		3.375	%		5/15/33		9,100		8,254
U.S. Treasury Notes		3.875	%		8/15/33		13,560,000		12,814,200	(q)

See Notes to Schedule of Investments.

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(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
U.S. Government Obligations - (continued)
U.S. Treasury Strip Principal (STRIPS)		0.000	%		11/15/24		6,080,000	$	5,737,636
U.S. Treasury Strip Principal (STRIPS)		0.000	%		5/15/49		152,060,000		45,478,841
TOTAL U.S. GOVERNMENT & AGENCY OBLIGATIONS (Cost - $495,839,688)									351,319,912
U.S. TREASURY INFLATION PROTECTED SECURITIES - 1.2%
U.S. Treasury Bonds, Inflation Indexed		1.500	%		2/15/53		3,033,721		2,512,757
U.S. Treasury Notes, Inflation Indexed		1.125	%		1/15/33		287,131,690		259,508,303	(h)(p)
TOTAL U.S. TREASURY INFLATION PROTECTED SECURITIES (Cost - $287,876,840)									262,021,060
	EXPIRATION DATE			CONTRACTS		NOTIONAL AMOUNT†
PURCHASED OPTIONS - 0.3%
EXCHANGE-TRADED PURCHASED OPTIONS - 0.3%
Australian Dollar Futures, Call @ $64.500		10/6/23			141		141,000		52,170
Australian Dollar Futures, Call @ $65.000		10/6/23			284		284,000		45,440
Euro Futures, Call @ $1.100		10/6/23			300		37,500,000		1,875
Japanese Yen Futures, Call @ $69.500		10/6/23			144		180,000		2,700
SOFR 1-Year Mid-Curve Futures, Put @ $97.000		10/13/23			9,541		23,852,500		37,925,475
SOFR 1-Year Mid-Curve Futures, Put @ $95.875		12/15/23			4,600		11,500,000		6,727,500
SOFR 1-Year Mid-Curve Futures, Put @ $96.000		12/15/23			10,819		27,047,500		18,527,537
U.S. Treasury 5-Year Notes Futures, Call @ $105.250		10/6/23			295		295,000		99,102
U.S. Treasury 5-Year Notes Futures, Call @ $105.250		10/27/23			592		592,000		365,375
U.S. Treasury 5-Year Notes Futures, Call @ $105.500		10/27/23			151		151,000		74,320
U.S. Treasury 5-Year Notes Futures, Call @ $106.000		10/27/23			4,622		4,622,000		1,408,268
U.S. Treasury 5-Year Notes Futures, Call @ $106.250		10/27/23			1,596		1,596,000		374,063
U.S. Treasury 5-Year Notes Futures, Call @ $106.500		10/27/23			594		594,000		106,735

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         97

WESTERN ASSET CORE PLUS BOND FUND

(Percentages shown based on Fund net assets)

Schedule of investments (unaudited) (cont’d) September 30, 2023

SECURITY		EXPIRATION DATE			CONTRACTS		NOTIONAL AMOUNT†		VALUE
EXCHANGE-TRADED PURCHASED OPTIONS - (continued)
U.S. Treasury 10-Year Notes Futures, Call @ $108.250			10/27/23			294		294,000	$	229,688
U.S. Treasury 10-Year Notes Futures, Call @ $108.500			10/27/23			198		198,000		133,031
U.S. Treasury 10-Year Notes Futures, Call @ $110.500			10/27/23			198		198,000		30,937
U.S. Treasury Long-Term Bonds Futures, Call @ $119.000			10/27/23			791		791,000		210,109
U.S. Treasury Long-Term Bonds Futures, Call @ $120.000			10/27/23			198		198,000		37,125
TOTAL EXCHANGE-TRADED PURCHASED OPTIONS (Cost - $31,841,148)										66,351,450
	COUNTERPARTY
OTC PURCHASED OPTIONS - 0.0%††
U.S. Dollar/Australian Dollar, Put @ $0.670	JPMorgan Chase & Co.		11/2/23			123,570,000		123,570,000		149,122
U.S. Dollar/Mexican Peso, Put @17.129MXN	Citibank N.A.		10/4/23			237,345,996		237,345,996		160,075
TOTAL OTC PURCHASED OPTIONS (Cost - $4,648,644)										309,197
TOTAL PURCHASED OPTIONS (Cost - $36,489,792)										66,660,647
							SHARES
INVESTMENTS IN UNDERLYING FUNDS - 0.2%
VanEck J.P. Morgan EM Local Currency Bond ETF (Cost - $58,143,964)								2,000,000		47,740,000
TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS (Cost - $26,415,711,237)										23,282,510,552
		RATE
SHORT-TERM INVESTMENTS - 2.0%
Western Asset Premier Institutional Government Reserves, Premium Shares (Cost - $457,770,319)			5.259	%				457,770,319		457,770,319	(r)(s)
TOTAL INVESTMENTS - 104.9% (Cost - $26,873,481,556)										23,740,280,871
Liabilities in Excess of Other Assets - (4.9)%										(1,118,901,246	)
TOTAL NET ASSETS - 100.0%									$	22,621,379,625

See Notes to Schedule of Investments.

    98     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

Schedule of investments (unaudited) (cont’d) September 30, 2023

† Face amount/notional amount denominated in U.S. dollars, unless otherwise noted.

†† Represents less than 0.1%.

* Non-income producing security.

(a) 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.

(b) Security has no maturity date. The date shown represents the next call date.

(c) 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.

(d) Securities traded on a when-issued or delayed delivery basis.

(e) Security is valued in good faith in accordance with procedures approved by the Board of Directors (Note 1).

(f) Security is valued using significant unobservable inputs (Note 1).

(g) Value is less than $1.

(h) All or a portion of this security is held at the broker as collateral for open centrally cleared swap contracts.

(i) This security is traded on a to-be-announced (“TBA”) basis. At September 30, 2023, the Fund held TBA securities with a total cost of $1,217,005,134.

(j) 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.

(k) 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.

(l) The coupon payment on this security is currently in default as of September 30, 2023.

(m) Interest rates disclosed represent the effective rates on senior loans. Ranges in interest rates are attributable to multiple contracts under the same loan.

(n) Senior loans may be considered restricted in that the Fund ordinarily is contractually obligated to receive approval from the agent bank and/or borrower prior to the disposition of a senior loan.

(o) All or a portion of this loan has not settled as of September 30, 2023. Interest rates are not effective until settlement date. Interest rates shown, if any, are for the settled portion of the loan.

(p) All or a portion of this security is held at the broker as collateral for open futures contracts and exchange-traded options.

(q) All or a portion of this security is held at the broker as collateral for OTC derivatives.

(r) Rate shown is one-day yield as of the end of the reporting period.

(s) In this instance, as defined in the Investment Company Act of 1940, an “Affiliated Company” represents Fund ownership of at least 5% of the outstanding voting securities of an issuer, or a company which is under common ownership or control with the Fund. At September 30, 2023, the total market value of investments in Affiliated Companies was $457,770,319 and the cost was $457,770,319 (Note 2).

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         99

WESTERN ASSET CORE PLUS BOND FUND

Schedule of investments (unaudited) (cont’d) September 30, 2023

Abbreviation(s) used in this schedule:

ACES	— Alternative Credit Enhancement Securities
BRL	— Brazilian Real
CAS	— Connecticut Avenue Securities
CDO	— Collateralized Debt Obligation
CMT	— Constant Maturity Treasury
ETF	— Exchange-Traded Fund
GTD	— Guaranteed
IBOR	— Interbank Offered Rate
ICE	— Intercontinental Exchange
IDR	— Indonesian Rupiah
INR	— Indian Rupee
IO	— Interest Only
JSC	— Joint Stock Company
LIBOR	— London Interbank Offered Rate
MXN	— Mexican Peso
OFZ	— Obligatsyi Federal’novo Zaima (Russian Federal Loan Obligation)
PAC	— Planned Amortization Class
PO	— Principal Only
REMIC	— Real Estate Mortgage Investment Conduit
RUB	— Russian Ruble
SOFR	— Secured Overnight Financing Rate
STRIPS	— Separate Trading of Registered Interest and Principal Securities
USD	— United States Dollar

At September 30, 2023, the Fund had the following written options contracts:

EXCHANGE-TRADED WRITTEN OPTIONS
SECURITY	EXPIRATION DATE		STRIKE PRICE		CONTRACTS		NOTIONAL AMOUNT†		VALUE
SOFR 1-Year Mid-Curve Futures, Put		10/13/23	$	96.250		9,541		23,852,500	$	(20,095,731	)
SOFR 1-Year Mid-Curve Futures, Put		10/13/23		96.500		9,541		23,852,500		(25,999,225	)
SOFR 1-Year Mid-Curve Futures, Put		12/15/23		95.250		9,200		23,000,000		(4,427,500	)
SOFR 1-Year Mid-Curve Futures, Put		12/15/23		95.375		21,638		54,095,000		(13,658,987	)
U.S. Treasury 5-Year Notes Futures, Call		10/27/23		106.750		1,179		1,179,000		(156,587	)
U.S. Treasury 5-Year Notes Futures, Call		10/27/23		107.000		198		198,000		(20,109	)
U.S. Treasury 5-Year Notes Futures, Call		10/27/23		107.500		992		992,000		(62,000	)
U.S. Treasury 5-Year Notes Futures, Put		10/27/23		106.000		396		396,000		(374,344	)
U.S. Treasury 10-Year Notes Futures, Call		10/27/23		109.000		294		294,000		(137,813	)
U.S. Treasury 10-Year Notes Futures, Call		10/27/23		109.500		985		985,000		(323,203	)

See Notes to Schedule of Investments.

    100     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

Schedule of investments (unaudited) (cont’d) September 30, 2023

EXCHANGE-TRADED WRITTEN OPTIONS (cont’d)
SECURITY	EXPIRATION DATE		STRIKE PRICE		CONTRACTS		NOTIONAL AMOUNT†		VALUE
U.S. Treasury 10-Year Notes Futures, Call		10/27/23	$	111.000		1,184		1,184,000	$	(129,500	)
U.S. Treasury 10-Year Notes Futures, Call		10/27/23		112.000		197		197,000		(9,234	)
U.S. Treasury 10-Year Notes Futures, Call		10/27/23		112.500		987		987,000		(30,844	)
U.S. Treasury 10-Year Notes Futures, Call		10/27/23		113.000		1,188		1,188,000		(37,125	)
U.S. Treasury 10-Year Notes Futures, Call		11/24/23		109.000		294		294,000		(248,063	)
U.S. Treasury 10-Year Notes Futures, Put		10/27/23		108.000		988		988,000		(833,625	)
U.S. Treasury 10-Year Notes Futures, Put		10/27/23		109.000		198		198,000		(278,438	)
U.S. Treasury Long-Term Bonds Futures, Call		10/6/23		115.000		196		196,000		(82,688	)
U.S. Treasury Long-Term Bonds Futures, Call		10/27/23		115.000		98		98,000		(125,563	)
U.S. Treasury Long-Term Bonds Futures, Call		10/27/23		116.000		490		490,000		(444,062	)
U.S. Treasury Long-Term Bonds Futures, Call		10/27/23		117.000		954		954,000		(581,344	)
U.S. Treasury Long-Term Bonds Futures, Call		10/27/23		118.000		73		73,000		(29,656	)
U.S. Treasury Long-Term Bonds Futures, Put		10/27/23		111.000		1,763		1,763,000		(1,515,078	)
U.S. Treasury Long-Term Bonds Futures, Put		10/27/23		116.000		593		593,000		(1,853,125	)
U.S. Treasury Long-Term Bonds Futures, Put		10/27/23		118.000		1,593		1,593,000		(7,342,734	)
TOTAL EXCHANGE-TRADED WRITTEN OPTIONS (Premiums received - $32,768,426)										(78,796,578	)

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         101

WESTERN ASSET CORE PLUS BOND FUND

Schedule of investments (unaudited) (cont’d) September 30, 2023

OTC WRITTEN OPTIONS
SECURITY	COUNTERPARTY	EXPIRATION DATE		STRIKE PRICE			CONTRACTS		NOTIONAL AMOUNT†		Value
U.S. Dollar/Mexican Peso, Put	Bank of America N.A.		10/10/23		17.066	MXN		97,960,000		97,960,000	$	(128,465	)
U.S. Dollar/Mexican Peso, Put	Bank of America N.A.		11/17/23		16.760	MXN		116,310,000		116,310,000		(233,359	)
U.S. Dollar/Mexican Peso, Put	Citibank N.A.		11/17/23		16.784	MXN		109,840,000		109,840,000		(240,428	)
TOTAL OTC WRITTEN OPTIONS (Premiums received - $1,966,628)												(602,252	)
TOTAL WRITTEN OPTIONS (Premiums received - $34,735,054)											$	(79,398,830	)

† Notional amount denominated in U.S. dollars, unless otherwise noted.

Abbreviation(s) used in this schedule:

MXN	— Mexican Peso
SOFR	— Secured Overnight Financing Rate

At September 30, 2023, the Fund had the following open futures contracts:

	Number of Contracts		Expiration Date		Notional Amount		Market Value		Unrealized Appreciation (Depreciation)
Contracts to Buy:
3-Month SOFR		11,166		3/25	$	2,676,533,570	$	2,663,370,150	$	(13,163,420	)
3-Month SOFR		1,028		6/25		245,881,946		245,936,150		54,204
3-Month SOFR		19,199		3/26		4,614,530,789		4,609,919,888		(4,610,901	)
British Pound		2,564		12/23		199,782,073		195,665,250		(4,116,823	)
Euro		2,381		12/23		320,359,086		315,854,532		(4,504,554	)
Euro-Bobl		965		12/23		119,078,784		118,093,503		(985,281	)
Euro-Bund		553		12/23		77,175,401		75,210,566		(1,964,835	)
Euro-OAT		1,628		12/23		217,046,356		212,052,210		(4,994,146	)
Japanese Yen		6,766		12/23		584,209,240		573,207,062		(11,002,178	)
Mexican Peso		3,328		12/23		94,307,785		94,382,080		74,295
U.S. Treasury 5-Year Notes		72,265		12/23		7,676,835,237		7,613,795,596		(63,039,641	)
U.S. Treasury Long- Term Bonds		33,778		12/23		4,038,592,658		3,843,303,062		(195,289,596	)
U.S. Treasury Ultra Long-Term Bonds		14,773		12/23		1,871,646,990		1,753,370,438		(118,276,552	)
United Kingdom Long Gilt Bonds		2,397		12/23		274,474,486		275,378,424		903,938
										(420,915,490	)

See Notes to Schedule of Investments.

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Schedule of investments (unaudited) (cont’d) September 30, 2023

	Number of Contracts		Expiration Date		Notional Amount		Market Value		Unrealized Appreciation (Depreciation)
Contracts to Sell:
30-Day Federal Funds		994		10/23	$	392,121,229	$	392,135,377	$	(14,148	)
3-Month SOFR		25,318		12/23		5,993,171,915		5,989,605,850		3,566,065
3-Month SOFR		31,046		3/24		7,402,720,868		7,338,498,250		64,222,618
3-Month SOFR		14,058		6/24		3,326,609,974		3,325,595,625		1,014,349
Canadian Dollar		418		12/23		30,814,402		30,863,030		(48,628	)
Euro-Buxl		765		12/23		106,695,473		98,964,309		7,731,164
Japanese 10-Year Bonds		749		12/23		732,227,856		726,546,039		5,681,817
U.S. Treasury 2-Year Notes		9,702		12/23		1,970,805,547		1,966,701,521		4,104,026
U.S. Treasury 10-Year Notes		71,885		12/23		7,910,022,498		7,768,072,812		141,949,686
U.S. Treasury Ultra 10-Year Notes		6,822		12/23		780,445,435		761,079,375		19,366,060
										247,573,009
Net unrealized depreciation on open futures contracts									$	(173,342,481	)

Abbreviation(s) used in this table:
Bobl	— Bundesobligation (Medium-term German Federal Government Bond)
Buxl	— Ultra Long German Bond
OAT	— Obligations Assimilables du Trésor (French Treasury Bonds)
SOFR	— Secured Overnight Financing Rate

At September 30, 2023, the Fund had the following open forward foreign currency contracts:

Currency Purchased		Currency Sold			Counterparty	Settlement Date		Unrealized Appreciation (Depreciation)
USD	140,627,503		MXN	2,408,808,499	Citibank N.A.		10/6/23	$	2,565,539
MXN	240,856,000		USD	13,625,751	Goldman Sachs Group Inc.		10/6/23		179,021
MXN	602,140,000		USD	34,381,870	Goldman Sachs Group Inc.		10/6/23		130,061
MXN	602,260,000		USD	34,360,565	Goldman Sachs Group Inc.		10/6/23		158,243
MXN	963,552,499		USD	56,020,494	Morgan Stanley & Co. Inc.		10/6/23		(794,041	)
MXN	457,230,000		USD	25,861,425	Bank of America N.A.		10/12/23		316,857
MXN	506,322,499		USD	29,478,487	Morgan Stanley & Co. Inc.		10/12/23		(489,459	)
USD	55,963,554		MXN	963,552,499	Morgan Stanley & Co. Inc.		10/12/23		796,243
AUD	845,745,328		USD	564,404,593	BNP Paribas SA		10/20/23		(20,207,546	)
CAD	21,000,000		USD	15,970,347	BNP Paribas SA		10/20/23		(504,636	)
CAD	597,908,942		USD	451,149,987	BNP Paribas SA		10/20/23		(10,812,516	)
NOK	1,527,330,192		EUR	131,689,903	BNP Paribas SA		10/20/23		3,519,186
USD	22,044,714		AUD	34,693,138	BNP Paribas SA		10/20/23		(278,677	)

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         103

WESTERN ASSET CORE PLUS BOND FUND

Schedule of investments (unaudited) (cont’d) September 30, 2023

Currency Purchased		Currency Sold			Counterparty	Settlement Date		Unrealized Appreciation (Depreciation)
USD	57,871,611		AUD	89,637,154	BNP Paribas SA		10/20/23	$	194,349
USD	27,827,584		CAD	37,380,000	BNP Paribas SA		10/20/23		298,618
USD	30,162,662		CAD	40,480,000	BNP Paribas SA		10/20/23		350,663
USD	58,269,385		CAD	78,115,226	BNP Paribas SA		10/20/23		740,456
USD	60,145,375		CAD	81,305,119	BNP Paribas SA		10/20/23		267,209
USD	85,614,941		CAD	115,166,282	BNP Paribas SA		10/20/23		799,301
MXN	9,199,500		USD	526,122	Goldman Sachs Group Inc.		10/20/23		(164	)
MXN	839,323,154		USD	48,294,694	Goldman Sachs Group Inc.		10/20/23		(308,538	)
USD	36,200,000		MXN	621,882,949	Goldman Sachs Group Inc.		10/20/23		645,431
USD	123,572,722		MXN	2,094,162,200	Goldman Sachs Group Inc.		10/20/23		3,844,349
USD	245,533,728		CNY	1,756,302,755	JPMorgan Chase & Co.		10/20/23		4,597,398
USD	108,904,006		IDR	1,644,014,882,015	JPMorgan Chase & Co.		10/20/23		2,533,637
ZAR	728,620,000		USD	38,401,982	JPMorgan Chase & Co.		10/20/23		8,705
CNH	45,675,834		USD	6,343,602	Morgan Stanley & Co. Inc.		10/20/23		(79,812	)
INR	4,359,319,201		USD	52,750,716	Morgan Stanley & Co. Inc.		10/20/23		(310,076	)
JPY	500,000,000		USD	3,558,035	Morgan Stanley & Co. Inc.		10/20/23		(199,686	)
JPY	2,000,000,000		USD	13,861,983	Morgan Stanley & Co. Inc.		10/20/23		(428,586	)
JPY	2,000,000,000		USD	13,601,362	Morgan Stanley & Co. Inc.		10/20/23		(167,965	)
MXN	558,444,000		USD	32,516,449	Morgan Stanley & Co. Inc.		10/20/23		(588,840	)
USD	31,472,520		CNH	224,185,991	Morgan Stanley & Co. Inc.		10/20/23		728,606
USD	195,252,351		EUR	176,836,589	Morgan Stanley & Co. Inc.		10/20/23		8,126,123
USD	23,420,277		GBP	18,450,000	Morgan Stanley & Co. Inc.		10/20/23		906,462
USD	35,074,524		GBP	27,668,059	Morgan Stanley & Co. Inc.		10/20/23		1,312,271
USD	61,445,270		GBP	47,538,000	Morgan Stanley & Co. Inc.		10/20/23		3,436,503
USD	61,921,354		GBP	47,483,443	Morgan Stanley & Co. Inc.		10/20/23		3,979,160
USD	276,784,179		GBP	215,481,435	Morgan Stanley & Co. Inc.		10/20/23		13,840,590
USD	10,253,648		JPY	1,500,000,000	Morgan Stanley & Co. Inc.		10/20/23		178,601
USD	18,352,428		JPY	2,557,348,394	Morgan Stanley & Co. Inc.		10/20/23		1,175,490
USD	29,439,580		MXN	506,322,499	Morgan Stanley & Co. Inc.		10/20/23		491,885
USD	61,599,638		MXN	1,045,715,450	Morgan Stanley & Co. Inc.		10/20/23		1,813,529
USD	44,222,666		AUD	67,390,000	JPMorgan Chase & Co.		11/6/23		834,998
AUD	67,720,000		USD	44,457,868	Morgan Stanley & Co. Inc.		11/6/23		(857,736	)
MXN	589,425,375		USD	34,250,000	Bank of America N.A.		11/22/23		(738,732	)
MXN	567,590,291		USD	32,952,000	Citibank N.A.		11/22/23		(682,146	)
USD	34,250,000		MXN	589,559,841	Goldman Sachs Group Inc.		11/22/23		731,087
Net unrealized appreciation on open forward foreign currency contracts								$	22,051,415

See Notes to Schedule of Investments.

    104     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

Schedule of investments (unaudited) (cont’d) September 30, 2023

Abbreviation(s) used in this table:
AUD	— Australian Dollar
CAD	— Canadian Dollar
CNH	— Chinese Offshore Yuan
CNY	— Chinese Yuan Renminbi
EUR	— Euro
GBP	— British Pound
IDR	— Indonesian Rupiah
INR	— Indian Rupee
JPY	— Japanese Yen
MXN	— Mexican Peso
NOK	— Norwegian Krone
USD	— United States Dollar
ZAR	— South African Rand

At September 30, 2023, the Fund had the following open swap contracts:

OTC INTEREST RATE SWAPS

SWAP COUNTERPARTY

NOTIONAL AMOUNT

TERMINATION DATE

PAYMENTS MADE BY THE FUND†

PAYMENTS RECEIVED BY THE FUND†

MARKET VALUE

UPFRONT PREMIUMS PAID (RECEIVED)

UNREALIZED DEPRECIATION

JPMorgan Chase & Co.

1,965,390,000

BRL

1/2/29

BRL-CDI**

10.230%**

$

(11,680,443

)

—

$

(11,680,443

)

CENTRALLY CLEARED INTEREST RATE SWAPS
NOTIONAL AMOUNT*		TERMINATION DATE		PAYMENTS MADE BY THE FUND†	PAYMENTS RECEIVED BY THE FUND†	MARKET VALUE			UPFRONT PREMIUMS PAID (RECEIVED)			UNREALIZED APPRECIATION (DEPRECIATION)
	5,785,420,000		1/31/24	5.410%**	Daily U.S. Federal Funds Intraday Effective Rate**	$	213,843			—		$	213,843
	1,312,670,000		2/29/28	Daily SOFR Compound annually	4.000% annually		(18,324,535	)	$	(237,146	)		(18,087,389	)
	2,005,630,000		2/29/28	Daily SOFR Compound annually	4.180% annually		(14,116,667	)		1,510,715			(15,627,382	)

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         105

WESTERN ASSET CORE PLUS BOND FUND

Schedule of investments (unaudited) (cont’d) September 30, 2023

CENTRALLY CLEARED INTEREST RATE SWAPS (cont’d)
NOTIONAL AMOUNT*			TERMINATION DATE		PAYMENTS MADE BY THE FUND†	PAYMENTS RECEIVED BY THE FUND†	MARKET VALUE			UPFRONT PREMIUMS PAID (RECEIVED)			UNREALIZED APPRECIATION (DEPRECIATION)
	348,007,000			2/15/29	2.850% annually	Daily SOFR Compound annually	$	24,958,574		$	(632,734	)	$	25,591,308
	123,005,000			4/30/29	3.270% annually	Daily SOFR Compound annually		6,534,173			1,862,629			4,671,544
	56,738,000			6/30/29	3.850% annually	Daily SOFR Compound annually		1,416,579			(29,321	)		1,445,900
	3,851,130,000	MXN		7/18/29	28-Day MXN TIIE - Banxico every 28 days	7.450% every 28 days		(20,372,895	)		948,447			(21,321,342	)
	3,847,470,000	MXN		7/20/29	28-Day MXN TIIE - Banxico every 28 days	7.440% every 28 days		(20,464,558	)		1,154,966			(21,619,524	)
	217,917,000			9/30/29	3.250% annually	Daily SOFR Compound annually		12,312,528			96,070			12,216,458
	12,221,800,000	JPY		5/9/46	0.641% semi-annually	Daily TONA Compound semi-annually		14,457,562			16,342			14,441,220
	42,550,000			2/15/47	1.520% annually	Daily SOFR Compound annually		16,579,455			206,535			16,372,920
	263,796,000			2/15/48	2.600% annually	Daily SOFR Compound annually		61,442,990			29,179,472			32,263,518
	390,527,000			2/15/48	3.050% annually	Daily SOFR Compound annually		64,373,676			14,692,604			49,681,072
	411,662,000			5/15/48	3.150% annually	Daily SOFR Compound annually		61,662,862			(77,290,631	)		138,953,493
	95,958,000			4/21/52	2.500% annually	Daily SOFR Compound annually		24,673,099			89,421			24,583,678
	Total						$	215,346,686		$	(28,432,631	)	$	243,779,317

See Notes to Schedule of Investments.

    106     Western Asset Core Plus Bond Fund 2023 Quarterly Report

WESTERN ASSET CORE PLUS BOND FUND

Schedule of investments (unaudited) (cont’d) September 30, 2023

CENTRALLY CLEARED CREDIT DEFAULT SWAPS ON CORPORATE ISSUES - SELL PROTECTION1
REFERENCE ENTITY	NOTIONAL AMOUNT2		TERMINATION DATE		IMPLIED CREDIT SPREAD AT SEPTEMBER 30, 20233		PERIODIC PAYMENTS RECEIVED BY THE FUND†		MARKET VALUE			UPFRONT PREMIUMS PAID (RECEIVED)			UNREALIZED APPRECIATION
Apache Corp., 4.875%, due 11/15/27	$	54,561,000		6/20/26		0.673%		1.000% quarterly	$	453,651		$	(1,328,931	)	$	1,782,582
Apache Corp., 4.875%, due 11/15/27		75,119,000		12/20/26		0.796%		1.000% quarterly		455,192			(1,455,611	)		1,910,803
Teva Pharmaceutical Finance Netherlands III BV, 3.150%, due 10/1/26		25,010,000		6/20/26		1.505%		1.000% quarterly		(317,096	)		(1,341,701	)		1,024,605
Total	$	154,690,000							$	591,747		$	(4,126,243	)	$	4,717,990

CENTRALLY CLEARED CREDIT DEFAULT SWAPS ON CREDIT INDICES - SELL PROTECTION1
REFERENCE ENTITY	NOTIONAL AMOUNT2		TERMINATION DATE		PERIODIC PAYMENTS RECEIVED BY THE FUND†	MARKET VALUE3		UPFRONT PREMIUMS PAID (RECEIVED)		UNREALIZED DEPRECIATION
Markit CDX.NA.IG.41 Index	$	4,064,170,200		12/20/28	1.000% quarterly	$	48,682,144	$	53,531,077	$	(4,848,933	)

CENTRALLY CLEARED CREDIT DEFAULT SWAPS ON CREDIT INDICES - BUY PROTECTION4
REFERENCE ENTITY	NOTIONAL AMOUNT2		TERMINATION DATE		PERIODIC PAYMENTS MADE BY THE FUND†	MARKET VALUE3			UPFRONT PREMIUMS PAID (RECEIVED)			UNREALIZED DEPRECIATION
Markit CDX.NA.HY.41 Index	$	289,700,100		12/20/28	5.000% quarterly	$	(2,356,114	)	$	(2,070,417	)	$	(285,697	)

See Notes to Schedule of Investments.

Western Asset Core Plus Bond Fund 2023 Quarterly Report         107

WESTERN ASSET CORE PLUS BOND FUND

Schedule of investments (unaudited) (cont’d) September 30, 2023

¹  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 the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities 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 recovery value of the referenced obligation or underlying securities comprising the referenced index.

²  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 occurs as defined under the terms of that particular swap agreement.

³  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 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 of the swap agreement been closed/sold as of the period end. Decreasing market values (sell protection) or increasing market values (buy protection) when 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 default or other credit event occurring as defined under the terms of the agreement.

⁴  If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or the underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or the underlying securities comprising the referenced index.

† Percentage shown is an annual percentage rate.

* Notional amount denominated in U.S. dollars, unless otherwise noted.

** One time payment made at termination date.

Abbreviation(s) used in this table:

BRL	— Brazilian Real
BRL-CDI	— Brazilian Cetip InterBank Deposit Rate
JPY	— Japanese Yen
MXN	— Mexican Peso
SOFR	— Secured Overnight Financing Rate
TIIE	— Tasa de Intere’s Interbancaria de Equilibrio (Equilibrium Interbanking Interest Rate)
TONA	— Tokyo Overnight Average Rate

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.

    108     Western Asset Core Plus Bond Fund 2023 Quarterly Report

Notes to Schedule of Investments (unaudited)

1. Organization and significant accounting policies

Western Asset Core Plus Bond Fund (the “Fund”) is a separate diversified investment series of Western Asset Funds, Inc. (the “Corporation”). The Corporation, a Maryland 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.

Pursuant to policies adopted by the Board of Directors, 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 of Directors. 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.

109

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

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 of Directors, 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 of Directors 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.

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)

110

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

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:

ASSETS
DESCRIPTION	QUOTED PRICES (LEVEL 1)		OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2)		SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3)			TOTAL
Long-Term Investments†:
Corporate Bonds & Notes		—	$	9,025,556,837	$	0	*	$	9,025,556,837
Mortgage-Backed Securities		—		7,559,566,263		—			7,559,566,263
Collateralized Mortgage Obligations		—		2,851,497,027		—			2,851,497,027
Sovereign Bonds		—		1,611,900,406		—			1,611,900,406
Senior Loans:
Information Technology		—		61,929,187		9,821,079			71,750,266
Other Senior Loans		—		709,869,940		—			709,869,940
Asset-Backed Securities		—		724,628,194		—			724,628,194
U.S. Government & Agency Obligations		—		351,319,912		—			351,319,912
U.S. Treasury Inflation Protected Securities		—		262,021,060		—			262,021,060
Purchased Options:
Exchange-Traded Purchased Options	$	66,351,450		—		—			66,351,450
OTC Purchased Options		—		309,197		—			309,197
Investments in Underlying Funds		47,740,000		—		—			47,740,000
Total Long-Term Investments		114,091,450		23,158,598,023		9,821,079			23,282,510,552
Short-Term Investments†		457,770,319		—		—			457,770,319
Total Investments	$	571,861,769	$	23,158,598,023	$	9,821,079		$	23,740,280,871

111

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

ASSETS (cont’d)
DESCRIPTION	QUOTED PRICES (LEVEL 1)		OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2)		SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3)		TOTAL
Other Financial Instruments:
Futures Contracts††	$	248,668,222		—		—	$	248,668,222
Forward Foreign Currency Contracts††		—	$	59,500,571		—		59,500,571
Centrally Cleared Interest Rate Swaps††		—		320,434,954		—		320,434,954
Centrally Cleared Credit Default Swaps on Corporate Issues - Sell Protection††		—		4,717,990		—		4,717,990
Total Other Financial Instruments	$	248,668,222	$	384,653,515		—	$	633,321,737
Total	$	820,529,991	$	23,543,251,538	$	9,821,079	$	24,373,602,608
LIABILITIES
DESCRIPTION	QUOTED PRICES (LEVEL 1)		OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2)		SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3)		TOTAL
Other Financial Instruments:
Written Options:
Exchange-Traded Written Options	$	78,796,578		—		—	$	78,796,578
OTC Written Options		—	$	602,252		—		602,252
Futures Contracts††		422,010,703		—		—		422,010,703
Forward Foreign Currency Contracts††		—		37,449,156		—		37,449,156
OTC Interest Rate Swaps		—		11,680,443		—		11,680,443
Centrally Cleared Interest Rate Swaps††		—		76,655,637		—		76,655,637
Centrally Cleared Credit Default Swaps on Credit Indices - Sell Protection††		—		4,848,933		—		4,848,933
Centrally Cleared Credit Default Swaps on Credit Indices - Buy Protection††		—		285,697		—		285,697
Total	$	500,807,281	$	131,522,118		—	$	632,329,399

† See Schedule of Investments for additional detailed categorizations.

* Amount represents less than $1.

†† Reflects the unrealized appreciation (depreciation) of the instruments.

112

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

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, 2023. The following transactions were effected in such company for the period ended September 30, 2023.

	Affiliate Value at December 31, 2022		Purchased				Sold				Realized Gain (Loss)		Dividend Income		Net Increase (Decrease) in Unrealized Appreciation (Depreciation)		Affiliate Value at September 30, 2023
			Cost		Shares		Proceeds		Shares
Western Asset Premier Institutional Government Reserves, Premium Shares	$	1,267,760,731	$	4,891,585,711		4,891,585,711	$	5,701,576,123		5,701,576,123		—	$	17,618,395		—	$	457,770,319

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